Here we can see, how a certain pattern which normally says the market will drop, but when looking more closely is telling you there is a hidden agenda. Part 1 of this analysis i talked about that bearish wedge (orange circle) in my BTC' analysis, showing it is likely to be a fake one. Showed a few more signs in favor of a bullish outcome the past weeks. A serious...
It has been a very long road but we finally reached the target of the alt coin market cap. It followed the healthy version of the correction almost perfectly. What we see here, is something i would have wanted to see with Bitcoin as well. A big retest of former resistance. So there is a chance that alts have left the bear market behing them. Just a small sign now...
Here is a new possibility :
Seems like alts are lagging a bit behind BTC, but this is not a problem. See how nicely it is warming up to violently leave the bullish triangle.
At some point BTC will need to take a breather, and retrace. That means all the billions are moving somewhere, and a lot of that will be going into the altcoins.
BTC sure has shown...
Looking at the index for the total cryptocurrency market cap excluding Bitcoin, we can easily notice massive bullishness... We are looking at the weekly time frame here, so feel free to hit like now and allow me to entertain you for a few minutes...
Thanks a lot for the amazing support... Now, let's get started!
Below we have the long term chart, take a look at...
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)
We are doing Analysis of AltCoin MarketCap on 3 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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The bull flag on the left took on a different shape than expected at first, dropping a bit more but then when Bitcoin' decided to make a small bear trap, the market made an even bigger move up than it did down. Breaking that resistance from that flag almost without hesitation. This is usually a big sign!!
Now, as mentioned in my BTC' analysis, it has to stay...
Hello, my dear cryptocurrency lover... We love Bitcoin and trading cryptocurrency, it makes making money easy... with patience.
Ok, let's take a look at the chart and indicators for the total Cryptocurrency Market Cap. excluding Bitcoin. There are some interesting bullish signals to look at.
If you want to see our analysis for the total market cap. including...
So the Healthy version of the correction played out, but not as i wanted it to happen. It's still above the mid-term support around 6250/6500, but rather had seen some more bullish conviction and that it would have stayed above the 7000ish.
This has improved a bit now, but it is key that we form a higher low from now one, so not breaking the...
I have been a trader for 13 years and I have traded through the financial crisis . I have been around the block , I have gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably .
I ALSO RUN A DISCORD GROUP OF...