More pain will be coming soon to altcoin market, yes we will bounce a bit at the moment because nothing goes up or falls in a straight line, but then.... Only pain :D
Our Toal Alt-Market Cap has just confirmed a higher time Frame (4H) breakout of the bull flag formation we were in the past week, at around $1.43 Trillion meaning that factoring in current BTC price action and BTC Market Dominance, we will likely see a decent consignation in it
VIP EXCLUSIVE: Strongest resistance is currently at around $1.58 Trillion for...
We can see that Bitcoin did set a new ATH, and the Total Market Cap as well did set a new ATH. Yet, the Alts Market Cap still did not. So... what's up?
1) In summer,y Alts Season did not start yet. Alts rally when BTC stabilizes for few days, but the Alts Season starts as BTC falls from its ATH of the cycle. And we are not there yet ;)
2) the Alts Market Cap can...
Looking at all the charts, I see the 20W SMA has been tested for Bitcoin, and for the Total Market Cap. Yet, the Alts Market Cap remain to test the 20W SMA at 1T as shown.
That said, unfortunately expect more Alts squeeze in the coming hours.
As stated in my previous charts, the weekly candle close for Bitcoin is the most important indicator of its strength yet...
While the market, as always, got fully negative and trolls are everywhere, let's have a look at the Total Market Cap and Alts. Market Cap:
1) Both Market Caps, Total1 & Total2 are above the 21W EMA
2) Many Alts recovered fully from the dip (for example Algorand now in 40% gains today).
3) BTC has a hidden bullish divergence on the RSI.
So what does this tell...
Crypto Market with BTC still has a little road to go until last ATH (red line), but TOTAL ALTS capitalization(without BTC) is touching his last ATH, so its at crucial point right now.
Be careful, tomorrow BTC has a fundamental with El Salvador making it legal money, this can lead to a new 2021 Bull Run or could be the start of a correction, as BTC is touching...
Total market cap & Alts. Market Cap are nearing ATH… keeping my eyes on my bags’ charts. A correction for BTC is overdue. Getting ready to off load if the market starts dumping.
Not getting in new positions at this stage unless that coin didn’t pump yet.
I expect a hard rejection for BTC around 0.702 Fib = 54k. But that is just a hunch… I’ll follow the charts in...
Alts are breaking out nicely after BTC gave the market confidence yesterday.
I marked the resistances based on the weekly chart coming our way up. Expect a retrieve backwards as we hit each resistance till it becomes a support.
PS Isn't it nice that we started talking about resistances instead of supports? :wink:
For the first time since May 19th dip followed by the blood bath for Alts, here we are today closing our 1st Alts MC daily candle above the 50D EMA.
This is a very good sign for Alts recovery and hopefully for more green Alts days to follow.
I remain optimistic and bullish for now.
200 MA is very important price to hold . whatever bitcoin do we will have volatility in market for next few days.
4 hour chart : rsi is almost good . didn't made any lower so i am holding my bitcoin ..until 8000$ ..
1 hour chart : looks decent i want alts season please do fake out ..
here's the gift cup and handle for you
tips for small trader like me:
as...
Imagine thinking Alt Saison isn't right around the corner. Imagine believing the "Disbelief".
I don't claim to know exactly when or for how long, just that a full-fledged alt run IS coming - and soon. One of, if not, THEE last mass $BTC multiplication/accumulation events, before a single $BTC is unattainable for the majority of retail buyers.
This will be the...
