ETCUSD Resistance rejection. Buy the pull back.Ethereum Classic has made an impressive run after bouncing on its Support, beating most of the other cryptocurrencies. Eventually it got rejected on the Resistance
Levels to watch:
- The 9.860 Resistance. Only the wick of the January 16 candle managed to break it but didn't close above it (still rejected on the higher Resistance). All candles have closed below that level.
- The 11.885 higher Resistance that rejected the wick of the January 16 candle.
- The 5.070 level which has been a pivot since March 2019 (acting both as Support and Resistance in times).
- Golden Cross emerging right above the 5.070, which may act as a Support this time.
Projection:
- Pull back near the 5.070 which acts as a Support and a Golden Cross that accumulates buyers back to the 9.860 Resistance.
Cryptomarketcap
TOTAL - BULL MARKET CORRECTIONIt was only a pullback and curler man was saying we were dead. That is when I knew we were at bottom and I bought. I had some low ball bids for a thick, but now that they didn't fill on the correction it tells me this market has way too much attention and the Rothschilds and The Oracle of Omaha are loading the F#@K up!
Not financial advice. Will personally be buying all month.
- Matt Doggy Dog from Cali'
ALT MCAP FALLING WEDGE!ALT MCAP seems to be in a falling wedge pattern,which is bullish.
Alt season or I would rather say mini Alt season is expected if it successfully breaks out upwards.
for it to breakout upwards , BTC has to consolidate at some point with a significant decrease in BTC dominance.
Crypto Market Cap: Understanding the market indecision The crypto-market was building another bearish break-out level with the head and shoulders' pattern till 28th august.
Post that it built a bullish momentum as alts and Bitcoin started to gain momentum. However, currently, it is testing the break-out of that level. The RSI has also turned steeply.
Contrary to popular belief, it feels like the bearish momentum will take on again for a while.
Crypto market is prepared to raise again!As you can see from the graph resistance managed to hold for 3 times already!
The last dip has been much stronger than the previous ones so it needed more consolidation than the previous ones also.
Seems the time has come for the market to challenge upper triangle resistance first and then even previous highs.
At the moment we bounced from strong volume levels and stoped for a while on the next ones.
MA100 had a role of support before it got broken and now plays the role of resistance also. This could easily be a deceptive false break down from it.
When all these levels (that are now nearly at the same point) get broken, we can easily reach the triangle boundary.
We might have some retesting but that should not stop the run.
We have strong convergences and bullish crosses on indicators.
When RSI passes 50, players on the market will realize we are probably not going to lower levels as suggested by many.
Confidence will come in and the snowball effect could start again. This time altcoins (not just BTC) should bring a significant rise in the Crypto Market Cap.
Check related ideas in the link below to get to know why we are 90% sure this scenario will happen.
THIS IS NOT FINANCIAL ADVICE.
Remember to trade safely!
If you want to thank us you can hit like and leave a comment. Thank you for your support.
Great tool for predicting bubble/hype tops!What is the difference between bubble and hype?
Hypes are usually local tops inside the greater bubble.
As we said before there is a 90% chance we already started the next bubble.
For now, we had a hype that most probably finished at the 5th Elliot wave.
As you can see previous tops and dips can greatly predict where the next tops will be!
1.618 Fibonacci level is the key and when combined with Fibonacci levels from other extensions you get to know where the strong resistance is.
First, we get to extend to 3.618 and then to one level lower (2.618) from the previous price movement. Both are aligned with previous 1.618 Fibonacci extensions.
Hope with this will mean less FOMO and FUD when trading.
THIS IS NOT FINANCIAL ADVICE.
Remember to trade safely!
If you want to thank us you can hit like and leave a comment. Thank you for your support.
CRYPTO SPACE MARKETCAPBTC could start losing % marketshare to alts, this may be the area of most pain for alts. If this is so we can expect a sharp reversal soon. Not all alts but big caps first, then mid and small caps last for the most impact. I see BTC marketcap under 50% and close to 40% in the near future, since marketshare has to flow somewhere it will be alts with best and working projects.
Chart is bullish in $ terms for both BTC and ALTS. Charts are more bullish in ALT/BTC ratio.
Either way in next 12 months we should see at least 5x bigger overall marketcap which will make crypto space well above 1T marketcap.
TOTAL CRYPTO MARKETCAPtrying to KISS (Keep It Simple Stupid) and short, the chart is on a 4 hour, but the the 50 SMA correlates with the 50 SMA on the daily, thinking we will have a spike up to the fib line then a retracement back to the 50 SMA, bull market is in. gonna be a good year I believe, go long but always be cautious about pull backs. congrats to all the HODLERS!
BULL FLAG ON MARKET CAP BREAKOUT CONFIRMEDHEY GUYS
Bull flag breakout just happened on 3rd of May 2019. We should see more up-move.
first BTC should jump then sideways and ALT parties should start within few days.
Not a trading advice just my thoughts on crypto market overall situation.
Always DYOR.
Cheers.
MM67TRADER TEAM
CRYPTOMARKETCAP - LOOKS VERY VERY INTERESTING - CryptoManiac101CRYPTOMARKETCAP / USD TA
This looks very interesting, doesn't it. We have a nice semi bullish pattern with possible golden cross (unconfirmed) which is currently following our parabolic curve.
Will this be the start of the next bull run?
Could be
What's our timeframe?
We have until March 27 for Parabolic Curve to either validate or invalidate.
We have until late May for pattern completion unless we break up or down before that time. Most patterns do breakout around 70% into it which would give us approximate date of April 10 (give or take another week)
Invest smart!
Total Crypto Market Cap Weekly Chart Update.Things are getting exciting here as Crypto may have now closed 2 weekly candles above the weekly falling wedge pattern and could b poised for a breakout at anytime...however where the latest weekly candle has closed has also opened the door for the ossibility of the top trendline of the wedge to be considerably higher than originally thought (shown here with the dotted green hypothetical trendline)..either way we also have a smaller 1 day chart falling wedge(shown here in red) that price has currently been consolidating in as well and that pattern has already cleared the solid green top trendline of the wedge...it should clear the hypothetical dotted green top trendline too by the beginning of March. If the solid green topt rendline is the legitimate trendline we should see a significant breakout upwards sometime within the next couple weeks...if not and the dotted trendline is the valid one we should see a significant break out upward around the first 2 weeks of March...either way you lice it though I'm confident we will be breaking out soon....and if not until march the price target will be even bigger than if we break out in the next week or 2 so it really is a win win situation no matter which top trendline is most valid. Just my opinion though of course and not financial advice. Thanks for reading!
A look at the entire cryptomarket marketcap's falling wedgewe can see here on the weekly chart of the entire crypto marketcap that the market is very much so inside a falling wedge...one that seems to reach its apex in the middle of march....but as with most falling wedges a breakout from the wedge tends to happen very soon after 3/4ths of the wedge has completed so a breakout can be anticipated sometime within the next few weeks. we can see the 200 weekly moving average in blue for the cryptomarket has been holding very strong support the past few weeks...if this 200 week simple ma holds then we could breakout of the wedge in the next 2 weeks...if that's the case then the bottom is essentially already in...if it doesn't hold and dips below the next likely target is a double bottom on the horizontal teal trendline we have already touched once. Any dip that could happen below that would likely just be a big bounce up off the bottom trendline of the falling wedge. Once we trigger a break upward from the wedge the bottom of the bear market will almost certainly be in. A breakout fakeout candle followed by capitulation is also a possibility to consider so its wise to make absolutely sure the breakout is validated before jumping to conclusion.