hey guys welcome to a fresh update of crypto market, now things start to look more favorable for altcoin traders, as Bitcoin dominance keeps declining brings more and more fresh volume and high liquidity for alt markets, after all its time for a new altseason, so before moving forward its necessary for you to check my first update on altseason to briefly...
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I am comparing the 2018 Alt Market Cap on 1W with the current (June 2019 - date) on 2D. There are some obvious similarities with the most significant of all the bullish divergence on the RSI. The MA50 is also on the same pattern while the candle action is nearly identical. Because of this I give high chances of repeating a similar bullish break-out soon. With...
Pretty simple chart here.
The altcoin marketcap has seen a nice rally upwards with Bitcoin through the second quarter of 2019, however couldn’t really outperform Bitcoin (aside from BNB and LINK).
This is identical to the first stages of the last bullcycle. Through the mid part of 2015 the altcoin market cap also had a first push upwards, basically through...
Hello dear crypto maniacs.
Smart money are probably buying your favourite altcoins and bears are running out of sellers !!
In my previous TA I was pointing out that Bitcoin might be loosing its dominance in upcoming months and alts might have relief rallye.
Today we will look a bit unconventionally on the capitalization of altcoins. We know that many beginners also read these articles, so let's first say what capitalization of altcoins is? Altcoins are all coins except Bitcoin. Altcoin capitalization means how much money is allocated in all coins except Bitcoin. The difference between total...
When crypto shills talks about "There Will Never Be Another Alt Season".
These are people who constantly got it wrong about the market, it is something to think and consider.
Market and human natures move in cycle. To say in absolute terms are a joke.
Human emotions and behaviours are usually a contrarian indicator.
Which led me to believe that an alt season...
Very similar pattern playing out right now to that of 2014 to 2016 on the Altcoin Marketcap!
Same wave patterns and very similar time duration's on the downtrend cycle of the bear markets.
Alt season should be starting within the next few weeks, around the 21st October.
Many folks have been proclaiming that alts are dead.
Despite this current wave of sentiment one needs to consider the following:
1. Exchanges have incentive to list altcoins.
2. Users have incentive to buy altcoins
3. Miners have incentive to mine altcoins
Why is there merit to thinking that BTC dominance will rise to 100%? Seems unlikely.
In my opinion the...
Altcoin Great Depression Versus Bitcoin illustrated.
This chart does not represent the value of alts in USD.
Its only a representation of the altcoin market versus Bitcoin.
Doesn't mean alts are dead, most of them are and will be.
Make your own interpretations as you go.
Anything is possible in this market.
Beyond the 67.6148 point, it confirms the transfer of funds.
This week's flow may indicate whether the price will stay above the 67.6148 point and rise above the downtrend line.
Since the funds did not increase exponentially, they can fall below the 67.6148 point at any time.
I expect funds to go well and rise above the downtrend line.
TOTAL2's own inflection...
hello guys in this chart you can see that altcoin dominance is moving in major critical zone between 62-66 bill level and quite holding well from past few days, now things from here gets bit complicated coz all are now eyeing towards the next altseason just like the previous one's of 2018 for huge gains in top alts like xrp, ltc, ada or whatever, but incase if we...
I'm uncertain if anyone else is watching this.... but it is fascinating. The alt-coin market total has been rejected against a resistance line since June 24th or thereabouts. The resistance converges with the last known support which is also the golden ratio @.78. The odd part is the date of convergence, The date we should expect a reversal is September 23rd....
we now have access to the total crypto market cap excluding bitcoin right on tradingview! we can now apply technical analysis directly on the alt coin market cap chart! unreal!
1. we see the major trendline break (yellow dotted)
2. key psychology levels- $100 billion, $50 billion, $25 billion marks (teal lines)
3. descending channel (white)
Good to see some volume go back into alt-coins but it is a long way to go at the moment. Big news can rock this but also a bearish Bitcoin can also help if money does go into altcoins. This has a long way to go