As long as we see candels in orange box it is likely to attack new highs, for that we need btc dominance to fall more down, but still there are chances to see some new mini alt season because if we see some pullback below orange box still there is strong support on 529.
Zigzag = corrective structure. Small TF = low proba
It's once again decision time for the alt coin market. Option A: Large cap coins rip 20% in a day, mid cap coins run 50% in a day, and scams begin to melt faces ripping 50x in a day. Option B: Alts tank at least another 20% before another bullish set up can be found.
I'm really trying hard to be a bull, cause i'd like to belong to the club you know... But everytime i try i start seeing things like that... #ALTPERP #AltSeason #altcoins
Very short retracement after leading diagonal. Possible...
Closing below this redline would mean a daily shooting star candle under resistance after 0.618 rejection. Would be quite bearish. So, let's see, long way to go until the daily close
After big fall ALTs seems to preparing for some move up. If they stand above dashed green line it is likely to test resistance at 529. Still, if we want to catch some bigger alt moves then we need to see some daily candle closed above resistance (it would be great to close it in orange box). As long as resistance isn't broken it is very possible to go more down.
Bears are stepping in, in a hurry to sell every 0.618 they can find
Is the altcoin market in troubles ? Altperp is a mix of all the major altcoins: ETH, EOS, XRP, BCH, BSV, BNB and LTC Therefore it's a very good gauge of the market and gives you an average overview of what's going. Waiting for a break either of the black line to the downside or the redline to the upside. I think we go down but let's wait and let the market decide.
The amount of possibilities is just very high ...
Right now the number of possible counts is very high though, just posting this to think about it if/when we reach this level. Playing the breakout of the ascending triangle was a quite profitable play it seems
Hello everybody, points I will cover: - we are in a high indecision area at 7700-7400 - data is mixed so I tried to find evidence somewhere else than BTC chart as you know I liked the thursday candle as we got the TP there, anyway I didn't like the close much. After the spike at 7750, which would have been a great level to close at because above the retracement...
ALTCAP ARE TRADING IN CHANNELS. By the way, this means alt coins have a good future! Not all of it but for sure the big caps. Because, why make an chart for this? Think about that. I think in the future we will see one of the biggest alt coin runs we ever see! We will be wealthy and have a good future! By the way, volume is coming in, good sign. There is more...
Just something to note, hidden bullish divergence on lots of pairs