BTC’s recent correction to 30k sparked talks of a new alt season with many traders considering switching from Bitcoin to other crypto assets that might shoot up.
To dig deeper into this idea, we’ve posted the following question to the Cindicator platform:
“The cryptocurrency Market Capitalization settled at 925.74B USD at 09:40 AM UTC on Wednesday, January 13....
ZRX has recently set a new all-time low against Bitcoin. Last time this happened in September 2019 after months of sales against Bitcoin, which back then just ended a short-lived bull run.
Soon after that low, ZRX bounced up by +40% a week. So now many traders are curious if this setup would happen again.
We’ve asked the following question on the Cindicator...
Buy 1, buy 2 and moon signal say we can buy. Here is my analysis:
1. We can buy when risk/reward ratio is less than 2, so we should not buy now.
2. We can buy at support = 42satoshi or at the uptrend line
3.If the chart goes below the McGinley dynamic line and risk to reward ratio greater then 2, we can buy.
4. We can buy when resistance turns to support (1D open...
CND/BTC is testing 0.00000088 resistance.
This value has been touched multiple times.
The more it is tested, higher the chances of breaking it.
This coin has a history of big pumps out of nowhere. With big wicks of 60+% in one day.
Many alts with low cap behave the same for obvious reason.
Although it's a low cap, the project has a decent reputation. For...
Buying in the area 0.00000082 - 0.00000063
1 - 0.00000098
2 - 0.00000127
3 - 0.00000153
4 - 0.00000186
5 - 0.00000241
Breakout of 0.00000056, the price may fall below
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Waiting for your comment, what do you think about this?
Another altcoin pair that can soon move is called CNDBTC for Cindicator vs Bitcoin... Let's take a look at the chart.
Yesterday's candle closed with a long-wick facing up after EMA50 rejected CNDBTC's growth.
The chart isn't looking really strong, but other altcoins that had this same chart are already breaking above resistance and moving up.
The RSI is...