Hello, we are forming a cup handle and currently on bottom of the cup with already breaking minor resistance lines and some other alts have alraedy formed and filled their respective handles. Total alt market cap will only follow. Hopefully this will look like rocketing in all alts general and then finish by blast when we possibly BREAKOUT from the cup & handle.
After reviewing BTC performance and predicted path, I see BTC dominance dropping further. Reasons: a) The pullback is evident. Some say to 8500 ultimately, some say 8800 to previous resistance and 200 EMA b) I foresee some accumulation\ranging of BTC between 8500-8800 to 10400 creating some sort of MACRO breakout or bullish pattern c) I see this going on for at...
- Broke out the wedge - Bottom found
A few indicators suggest we are now about to have BTC back in play. Either the ALTs are going to drop because they have made good ground or BTC is about to break up from the 9470 Resistance. This is a tuff one. Observation: We have the 200 EMA on the 4 Hrly Key Fib Level Previous support level. However the Daily shows more favourable to the next fib level...
Analysis based on chart pattern. History usually repeat itself. What do you think about it dear traders?
if we dont reject from the upper leverl (max 78) you should kiss your alts for goodbuy since there will be no bottom left for them btc will eat up evereything!!!!!!!!!!!!!!!!!!!!!
We can observe the following: a) Falling Wedge b) On the DAILY, a BULLISH DIV. (indicated on the RSI with the black line) c) On the 4 HRLY, a BULLISH DIV. (indicated on the RSI with the black line) d) Support line indicated by the RED Section. Thoughts: BTC might do a move on the upside and hence people are flipping back to BTC as you can note many ALTs have...
My reasons for Holding Ethereum, setting up for a ichimoku cross inside the cloud, possibly could get very bullish above the psychological resistance of 200B Thanks! Where all my hodlers at?
This is a WEEKLY Chart (TOTAL2) which is market cap of the ALTs minus BTC cap Observation: * 20 EMA on the Weekly is acting as resistance (black line) * 100 EMA also acting as resistance (blue line) * We have a lot of resistance in this area * On the Daily, we have hit the 0.786 retracement which could suggest that the bottom has been in. * Alts has had a...
So I have had this idea that the total market cap itself might be forming a cup with handle pattern. At the very most i can see the rounding bottom and now it seems we have begun to retrace. Typically we don't like to see too much of a retrace on the way down something around a 50 percent retrace from the low to high is preferred. On the chart i have noted that...
i uploaded chart on my channel on sep 18 and now bitcoin is following the chart perfect let's fuck this support and go down we need alts party
This is just a quick reference to where the alt market may be heading after Bitcoin's latest sell off. To me it is impressive how the market managed to follow a downtrend that symmetrical to the uptrend of January - June. Do you think it can go all the way down to fill the pattern? Personally I see the next symmetrical Support levels as strong candidates for the...
The big total marketc cap support log trend that nobody is talking about and where we at now. It's clear to say that you are betting against the bigger picture if you don't LONG NOW. Also it's clear that if we turn this trend into resistance then we are going to DIG HARD. There is no in between. That said' perfect time for long with tight observations how it...
Lets be real, Bitcoin broke its trendline and it broke a topping pattern to the downside, however, there is still a strong opportunity here for bitcoin and the entire crypto market to recover. The Chart: This is a chart that I have not opened up in a long time, however, in green we can see that price action has maintained a price above the green slow moving...
H & S forming in Alts Market cap. is this the signal for us to get off from Alts. have your say
Bitcoin Dominance is about to start yet another wave down. This time it should reach 67.66% level which would provide further clues on the BTC.D direction. Break below would confirm a strong downtrend, while rejection of this level should lead to a consolidational period. Get more Alts while its not too late.
Altcoins continue to suffer! Fundamentally: Why did Apple recover and boom? iTunes was launched back in the days, listening to music on the internet? WTF! Something innovative and inconceivable at that time! As long as ALTS don't deliver real world products, and that probably doesn't happen for most of the companies, ALTS will just die out. Utility Tokens are...