Hello, Traders! Monfex is at your service and today we overview Bitcoin Dominance . The domination is near the strong resistance line and MA100 and most likely this week we will see a rebound down to the zone of intersection the middle line of the large ascending channel with the bottom line of the falling wedge from which this percents can go up. Summarize ...
Hello, Traders! Monfex is at your service and today we overview Bitcoin Dominance. Bitcoin's dominance has grown slightly over the past couple of days by bullish div on RSI, but we see that Altcoins on its support levels and on the domination chart BTC has come close to the resistance: the resistance line of the descending channel MA100 the...
Bears targets for Altcoins are 20404988796 - 12258472630, from there bulls will take over. Crypto market will bleed, I think the best thing to do, is keeping your money in USD or BTC. BTC will also lose against USD, but not as much as ALTS @CryptoWolfy7 Tweets are my opinions, not financial advice
I see a good opportunity to enter any altcoin, especially Ethereum From Mar 25 tons of new liquidity have entered the market through Bitcoin. Not surprising as Bitcoin is the most liquid crypto so far. Dominance index is on the top despite the continuous evolution of all altcoins which must press BTC along with speculation between coins (mostly BTC vs. alts)
Comparing the markets to Q4 2015, BTC/USD broke out, ending the bear market, confirming multi-year bull market. But with The Halvening several months out, BTC historically seems hesitant to continue moving up, thus in consolidation mode. Where does that new money go to? Looking back, the best time to start buying altcoins was during this period, more...
Comparison of a same bubble structure between the Silver bubble and the total market cap of crypto (exl. Btc) If alts don't produce a higher high around here, then new lows are to be expected, with a slow and long decling of several years. Of course maybe a few alt coins will probably survive this pattern and will show a more bullish pattern than shitcoins and...
Blue quote - altcoin dominance, ( main chart ) Orange quote - bitcoin dominance. Stochastic relate to the quotation of Altcoin dominance. As you can see - technically these quotes is going to go in opposite directions to each other, which will mark the beginning of ALT-SEASON. You can see a similar analysis technique below, with which I've identified the bottom...
Wave 2 pullback has almost reached a 1:1 extension on the C wave of the ABC. Waiting for the bounce off the top of the diagonal as mentioned in my previous post. #ICON #ICXUSD #ALTCOINS Cheers, Marc
I wanted to post a TRX update, since I've nailed pretty much every single move for this coin during the last several months. Maybe I can keep it up :P At bottom, you can find the unbelievably accurate TRX charts I've made. In my last TRX post, I gave possible support areas, and I also explained why the correction would likely be a long one. I was comparing the...
Wish I had posted this a bit earlier, but I just got home. In my last post, since XLM has held a previous downtrend as support (light blue), I figured it was showing some hidden strength. However, the entire altcoin market has started to look weak. It began with small caps like ENG and GVT breaking down from important support levels. The unease has crept into...
Just a little video talking about crypto and altcoins! I'm hoping altcoin season is just around the corner as were seeing tons of squeezes that haven't gained momo yet. Hope everyone enjoyed let me know what you think and if I should do more tradingview videos! GLTA
Wave 4 in progress. -Bearish RSI Divergence -Count still in play as long as it stays below the low of wave 1 #TRON #TRX #TRXUSD #ALTCOINS Crypt0Marc
BTC is above 50MA and reaching the 200MA, while main altcoins are struggling below the 50MA. I'll post the alt pictures below as i don't know if we can compare charts side by side in tradingview. This shows quite clearly that BTC is more 'advanced' than its peers in its cycle. To me this suggests an altcoin phase about to come, even if BTC goes down to test the...
Looks like large volume is moving into altcoin markets. Prepare for a momentum trade as volume flips from BTC to Altcoins during this retracement on BTC?
YESTERDAY I WROTE THE FOLLOWING What's going to happen with Bitcoin next? At this moment based on what's happened the last few hours it's kind of hard to tell. I would watch the resistance levels that are drawn on my previous charts. We blew right through 7400 which I mentioned in another article I wrote this morning before this explosion. Bitcoin touched the...
Bitcoin and the Altcoin Index have both dipped notably, but commensurately. Both have cratered through levels of support desperately clinging to current levels for dear life. This is reflected by the Crypto Spread Index which is still at parity after spending a significant amount of time in positive territory, which indicated a tilt towards Bitcoin's favour. ...
The Altcoin Index has given pause as the major Altcoins have had trouble with major levels. Bitcoin has had the same difficulty over the weekend, pulling back to levels of support. Both seem to be consolidating, ready to explode and conquer levels which at present offer transient resistance. Both BTC and the Altcoin Index appear to be correlated in this sense,...
Both Bitcoin and the Altcoins saw another disappointing day yesterday. In general, the behaviours were so correlated that you might as well have been watching the same coin. They ranged for a bit at support levels, only to dip and get bought back hard, giving investors false hopes as they fell back to support levels or worse, and continued ranging. The Altcoin...