Altcoinseason
Shitcoin #altcoin seasonShitcoin altcoin season is not starting. Target red zone.
Shitcoin altcoin sezonu başlamıyor. Hedef kırmızı alan.
Alt Season ImminentThe true value of BTC can be more accurately shown by applying M1 Money supply.
We are about to hit some exciting price action on alt coins. This aligns with timings and sentiment going into 2017.
Altcoins struggling & seeking support before next cycleAltcoin are clearly taking a hit with Ripple's struggles with the SEC suit. Altcoin market cap seeks support at 26-27% range in order to maintain momentum in this bull cycle and kick off (or continue depending how you count) the next alt coin cycle. As I expect Bitcoin continue to show strength and reach new ALT this year and push forward to its 2021 100k goal, alt coins will now start to follow again and pick up steam. There are many great protocols and value products out there. Particular in the Defi space. It's hard for the market to disregard this and only put it's money on Bitcoin. The largest margin will come from the favorite alt coins. Which those are will not be so easy to spot. Many around the DeFi space seem obvious, so look for the ones to stay; the ones that add value to the market .
Look for alt coin market cap by percent to hold this week and pick up momentum. This may very well be the last could opportunity to get some of the alt coins for a rebate.
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BAT/USDT 1 hour chart bull flagWe got a possible bullflag about to come to completion on the 1 hour chart. Levels are clearly marked on the fib and a breakout level entry is well marked. Keep an eye on BTC at this time. If you agree throw me a like and follow me for more unique concepts, ideas, and setups that keep you in the gains.
BTC.D - We will put out the fire.Hello friends. Don't worry, everything will be alright. This fire will go out. Altcoins will relax. We need a little more patience.
BTC.D - Be patient, everything will be fine.
Bullish breakout on TOTAL2...Altcoins: "IS IT MY TURN YET???"This chart shows total market cap of all cyptos minus BTC. It's an important indicator for identifying altcoin market trends.
You can see the bullish divergence on Stoch RSI has played out with the breakout from the triangle (or bull flag). We are seeing a retrace right now, but if this bullish breakout gets confirmed by a retest of support at the top of the pattern, we will see a lot more gains from Altcoins in the coming months.
A confirmation of the bullish MACD cross on the 1D TF would support this idea.
This is contingent on BTC however, which has reached the top of the rising broadening wedge pattern to which it has stayed surprisingly faithful. This makes me anticipate a retrace toward the bottom end of the wedge, but who knows! BTC just broke ATH and may surprise us all... another push higher would continue to steal the altcoins thunder in the short term.
happy trades ~
CD
RLC/BTC Local work Breakdown of wedge resistance. Reversal areaI have been accompanying the movement of this coin since the beginning of the inception of the last uptrend (pump more than + 400%). Also the entire downward movement of the subsequent trend. Under the description of the idea, I secured all the trading ideas for this coin published on this resource for open access in which I accompanied the price from the inception of an uptrend and its reversal and change to a downtrend.
At the moment, the long buy level (zone) has been reached (green level). There was a rebound from it. At the moment, the breakdown of the wedge resistance. A local triangle is drawn in the breakout zone; there is a possibility that it will act as a canvas of an upward pennant in cases of price fixation above the wedge resistance.
ALTCOINS: Why should you invest in Altcoins now?Hello my friends!
Why should I invest in Altcoins at all? That only makes sense if Altcoins performs better than BTC. The chart shows the inverted BTC dominance. At 50%, the market capitalization of BTC is balanced against all Altcoins. Currently, BTC is at a level of 64%. This means that 64% of the total market falls to BTC, the remaining 36% is divided between all other coins.
Of course, you can land a special hit with one or the other Altcoin, but that's more like gambling. Therefore we should take a look at the market for Altcoins in general: Can Altcoins become more important? YES! The current target is around 52-54% BTC dominance. The lowest point was at 73% (highest BTC dominance).
We cannot judge the time before Mid of 2017. At this point the most Altcoins have been created.
Currently, it looks that the trend line will hold. This means that the time for Altcoins has generally come again. This also means that the whole market is still bullish.
Therefore, an investment split between BTC and Altcoins would make sense. Which Altcoins are interesting for an investment? Here I have a clear opinion: the top coins are good. I would not recommend exotic ones. Okay, with exotics you can make 100% and more in a week or a day, but that's gambling imo. Of course you can invest in a coin, if it is a real specialty and you understand the technology behind it. But I would be careful.
And another thing: I always recommend to analyze Altocoins against BTC, because BTC is the leading currency in the crypto market.
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Let's see what happens.
Happy trading. :-)
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Big movement ahead!This chart show's where the total crypto market cap currently is and heading to.
The RSI is starting to reaching upwards into >70 zone and we have the highest volume candle within the first day of the month already! The total crypto market cap is close to explode upwards.
It's unlikely we reach the "Bubble Top" or "Near End" line in this cycle. Should we reach those lines it is best to start looking for the exit and not enter the market.
The bull, bear and accumulations cycle durations with BTC and the market have been very similar so far. So we'll most likely see an upwards trajectory for the total crypto market cap for ~8 months again as well.
Total2 200 Billionalt coin market is ready to blast with huge 200 Billion volume time to add all the dips and on bitcoin pump dump no need to worry about stop finally .
Potential massive altcoin pump nearBTC.D has been pretty much following the exact same formation as in 2017 with 3 red followed by 2 green and a red candle just before a major loss in dominance.
The formation looks pretty much the same just on a smaller scale. There's a potential for a major altcoin rally next month with BTC.D dropping a lot should this pattern repeat itself.
Also it looks like an head & shoulder has been formed with both shoulders in place already.
DOT / usd (Polkadot) Main trend. A cup. The loudest ICO On the chart, the main trend of the DOT / usd (Polkadot) trading pair. The project is real, not a scam. Traded for several months. But the coin is already on almost all noteworthy exchanges. Among them are such top ones as: Binance, Kraken, Bitfinex, Bittrex, Poloniex, Huobi, OKEx, Bithumb and so on. Which is not surprising if you understand who and what is behind this project idea. There are currently 95 trading pairs.
At the moment, a cup (round bottom) is forming on the DOT / usd pair. Which in cases of confirmation can become a cup with a handle. From current prices of $ 4.44 to the key resistance level of the $ 6.66 cup, exactly 50% . The bottom of the cup is 90.01% . In case the price breaks it, then the bottom of the cup will be worked out to approximately $ 13.18.
If it does not overcome and after a small rollback, the downward movement will continue - the formation of a sideways movement between 14 and 666.
Local support level of $ 3.83 The next where the price is unlikely to return is the sequence $ 2.82
At the same time, a falling wedge has formed in the completed form on the DOT / BTC pair. In most cases, both figures have a bullish development.
DOT/BTC
A little information for the main crowd about the project and "dirty deeds", read past the lines ...
The Polkadot project was created back in 2016 by Web3. The network will be deployed by the Parity Technologies project. It was led by Dr. Gavin Wood, who currently leads Parity, who is also the co-founder of Ethereum. It is worth noting that Wood's career was overshadowed by high-profile, scandalous events: in 2017, a vulnerability in the Parity Ethereum wallet allowed an attacker to steal 153,000 ETH. After some time, the vulnerability was used again, only this time 513,000 ETH were frozen forever. The most interesting thing is that the startup Polkadot suffered the most, having lost at least 306,000 ETH due to the freeze.
153/513 Mirror for symbolism = 18/5/13 36*
A month before the sad events with Parity, in October 2017, the fundraising stage took place, during which it was possible to raise $ 144.3 million. Such an impressive result was achieved thanks to an interesting, well-thought-out idea and eminent developers. Unfortunately, most of these funds will never be available to the project. But it is available for certain purposes.
Whatever algorithm of the history of events would not be confusing, it always has one finish, namely the one that its creators originally laid down for it.
EOS Too Many Fences Guarding the Bulls - 1.5x Opportunity "Only"EOS is facing a ton of resistance levels (7 to be precise) before even being able to reach 5€ which is only about quarter of it's all-time high.
Unless there would be a major catalyst for EOS it seems unlikely EOS will participate much in the next alt-coin cycle.
Taking a conservative approach to possible gains on EOS seems indicated.
1.5x seems feasible until mid next year. That would be breaking about 4 resistance levels.
Given this outlook EOS would drop further in market cap and drop potentially below the Top 20 crypto assets by market cap.
Bitcoin Cash the hibernating bear - 3x altcoin rally possibleBitcoin Cash has had massive downside after its all-time highs and went deep into the "Bear Zone" down to 65€ but never was able to get over 300€ ever since.
I will take a conservative look and see fully possible a 3x rally given the next altcoin cycle will start here soon.
There are however 4 resistance levels (237€, 300€, 415€, 615€) to break for BCH to reach the 710€ 4x spot.
It will largely depend on if Bitcoin Cash will be able to keep it's Top 10 position by market cap in order to attract enough attention with all the DeFi noise.
Of course an 8.5x could also be possible, but given the weakness of BCH since the last cycle it does not hold such a strong market value proposition then e.g. Ethereum.
DASH has 4x Bullish Altcoin Cycle OpportunityThere is some big assumption coming with the 4x opportunity for DASH. The main one is that DASH will be able to participate in the next parabolic alt-coin cycle.
If it is does and taking a conservative approach multiplying its value to about 264€ is absolutely in the realm of likely possibilities.
There is four resistance level to conquer: 66€ (which it appears to over run this week), 120€, 160€ and 200€.
Reason I don't see Dash shooting for new all time highs is that it just has shown quite a bit of weakness versus Bitcoin and has had a massive >80% loss from its all-time highs.
Depending on your event horizon for the the parabolic alt coin cycle start and length here I see Dash reaching the 4x 264€ margin by July 2021, which is inline with my Litecoin projections.
Litecoin's tremendous resistance but amazing opportunity for 5xLitcoin is facing just like BTC a key resistance level at $64 if Bitcoin is able to continue on its path to break the resistance Litecoin is likely to follow suit.
Then the next barriers for LTC are $72.25 and $80.
After that assuming the next altcoin cycle will have been let loose by the Bitcoin bull run, Litcoin has the opportunity to 5x with a year.
It does remain to be seen if Litecoin can keep its Top 10 position by market cap however, with many new (DeFi) players getting all the attention.
Bitcoin leading All markets for weeks straight to All-Time-High?Bitcoin (BTC) is fully beating all markets and is the leading asset for many weeks now!
Three scenarios I can foresee.
(A) Bitcoin breaks through the $16,200 resistance and straight also through the $19,000 resistance and makes new all-time-highs. This is the very bullish scenario.
(B) Bitcoin bounces of the the $16,200 resistance to make a bottom at the $13,750 range to then break all resistances on the way to all-time highs.
(C) Bitcoin breaks the $16,200 resistance, but bounces of the all-time-high resistance level to make a bottom at $16,200 resistance level before making all-time-highs.
A mix of B+C is also possible.
Bitcoin is showing a lot of strength, really pulling along ALL of the crypto markets which is stretched to the downside in many key players.
I expect once Bitcoin gets rid of its resistance levels the Bitcoin Bull will let the other crypto assets bulls loose and the next parabolic alt coin cycle will explode.
KAVA USD pair to X10 in the following monthsSome signals are pointing to KAVA as one of the alts with more possibilities to x10 in the upcoming months:
- retracement from last pump reached 78.6% fib level, which means the retracement is coming to an end.
- it looks resistance and support lines are well defined from bottom to peak, so there is a good chance to trade in that channel.
- there is a huge bullish falling wedge you can see on the weekly and daily chart that should be about to break upwards. Same structure can be seen in other alts, another signal they are gonna pump sooner or later.
- Alt market moves usually come during the end/beginning of each Quarter.
- kava.io is improving its platform.
- Taking into account fib levels and r/s lines, KAVA is likely to have 7 usd and 10 usd price peaks in 2021.
These are good days to fill your KAVA bags.
Why is BTC dominance important and how it affects altcoins?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
