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...
BITCOIN has dropped to the midterm support at 0.618 fibo from november lows, this time due to Korea news. This zone, around 11.100-11.200 usd, is a key area where price should stabilize and now it may start a sideways move between these levels and the recently lost uptrendline. This could be good for most altcoins, which have stopped their drops in the 0.382 or...
Today Bitcoin rose a steady 10% but left all the other cryptocurrencies behind, most nostably ETH, BCH, LTC, starting at 2am CET the 26th of december. Even Ethereum which got an interesting edge over Bitcoin 24 hours before lost that edge. This is a new beheviour compared to the past weeks when all main currencies always moved together with Bitcoin in some...
The Altcoin index has regained momentum and shot forth from its pullback yesterday. The crypto spread indicator still suggests that altcoins are in control, though as several major players have pulled back or consolidated, this lead is narrowing. As Bitcoin faces some (likely short-lived) ambivalence at highs, further retracement should definitely be considered...
Both the Altcoin Index and Bitcoin have faced resistance while trying to break new highs. Of course, this could be weekend doldrums, but from experience, liquidity actually picks up for cryptos in off-market hours. The Kovach Crypto Spread is roughly even, though tilted to Bitcoin's favor as the Altcoins appear to be hit just a bit harder. Consider this as a...
As I've just reported this morning, bitcoin has been on a rampage this weekend. The Altcoin Index has jumped significantly as well, but appears to be coming up for air. The Crypto Spread Indicator is still showing the balance is in favor of BTC, so if you are having FOMO, altcoins appear a better value at this point. If you have a position in BTC, consider...
As Bitcoin hurdles past $8000 making new highs and then some, the question is where to invest? It seems inevitable that Bitcoin will pull back, while recent gains in Ethereum, Neo, IOTA, and Litecoin have seemed paltry in comparison to BTC, indicating these might still be in a value area. The altcoin index has recovered from a brief pullback. This could be the...
It's hard to ignore this massive bull breakout in Bitcoin, as it viciously retraces its losses from this weekend. The question is what is the better investment at this point? It is hard to conjecture getting in the way of Bitcoin, but with a rally that hard, it is due for a pullback. The altcoin index, on the other hand, is just starting to pull back from its...
Over the last year we have seen BTC take the limelight to then be overtaken by Alt Coins. Right now BTC is once again hogging all the attention. Is it time to buy Altcoins while they're cheap? What do you think?
This describes the behavior of the majority Bitcoin vs Altcoins market movement Please, like this idea if you agree, or comment if think differently Good luck in trading!
#Altcoins getting rejected from Fib at 0.5 level at $281B Is price heading to $231B?🤔 We have mapped out both upside and downside price targets 🎯
Altcoins continue with downside and pressure as BTC dominance rises, the only alts pumping right now are Bitcoin related alts. Another test of the golden fib here to the downside or 600B market cap, this would be a brutal correction, it already has been for many alts. I do not expect us to fall that far but a meaningful correction into the halving makes sense.
Altcoins total3 (minus Eth stables) are pushing against the golden fib, my most important momentum indicator. A strong rejection here would lead to a drop of possibly 100 billion in market cap. This would form a VERY large cup and handle like we have seen on many digital assets including BTC/ETH and many strong alts. - A full retrace is around 50% from here...
Altcoins are about to have a meaningful correction here, the red dashed line is my first price target for Pendle. The token could fall as low as the .618 teal line. EMAs are coiling downward on falling volume and RSI. Correction time. I am not selling my spot Pendle.
Altcoins about to explode with restest of the cup and handle with V recovery and than small retrace on head and shoulders retest. Than 22. The Altcoin bull run is in the begining, Maybe the final explosion will be when Bitcoin goes down sharply, so for now it's better to trade USD based pairs, but after breakout of 12 and retest the BTC pairs will outperform.