Alts coins have broken out of a weekly downtrend with multiple bullish divergences this can signal the start of a alts coin season all BTC needs to do is hold 28K support and we should rally in the alts coins.
I am calling November to be a very profitable month for alts coins.
Howdy fellas!
Figured I'd come back and update from the last time I put this chart out there.
I am not playing the bear game here, but if history repeats itself, we still got that big dump before bull run begins.
You might wanna take some profits at the end of this run, as this supposed dump happens in about 9 weeks. Once it starts in drops quick and the move...
Alt coins are bloody, the market moves based on Demand and Supply
If we go back to our chart, we can see here that there is not much demand in that area, between 600B to 680B.
In our previous data, in that area there was a good upward impulse movement, but now the sellers are more aware.
We can go back to the 400B range of the Alts marketcap, and we can...
Here' s the #altcoin #totalmarketcap incl. #ethereum . This chart shows , altcoins' market cap have come to the top of the channel. Declination here is will doom altcoin bag holders. Clear breaking channel with volume and weekly closings is the invalidation. I showed the support levels on the chart. The war is not good for markets, a friendly reminder. Always use...
Looking at this chart, it becomes more obvious how the alt coin market, which broke this Summer above the Bear Cycle's Falling Wedge, is preparing for a big move upwards. The 494.45 level has been tested 4 times and emphatically held on all as it provided rebounds that left large 1W candle wicks behind.
The latest was on September 11 but stopped last week on the...
history repeats itself , same waves as previous cycle which again i believe altcoins outperform bitcoin by far percent , covid crash delayed wave 9 play but nothing will stop the trend ,theres a green box which i believe its accumulation zone and be break upside soon enough , lets see how it plays .
Traders,
In this video, I am cruising through my altcoin list. These are a few alts that I enjoy trading. We'll look at setup opportunities, technical patterns, and discuss potential entry prices. Hope you enjoy.
Stew
A large falling wedge structure which is a bullish structure
This will be a break out of a larger long term structure that the falling wedge is encompassed in
The structure on the Weekly is quite flat, we might see Uptober for bitcoin and altcoins.
For a bullish continuation on altcoins, it is necessary to retrace above the broken trend line and then break above the devil number and then confirm as support.
Otherwise, there is a very real possibility of the start of flushing into the sewer.
Hi all,
I would like to update my previous analysis for alcoins. This new one give similar outcomes: altcoins are still bleeding and will do more. The reason is shown in chart: a H&S pattern was formed. The break-down of the neckline will trigger the way down to the support trendline of the descending channel.
The only adjustment (wrt to the original one) is...
