Altseason: can leave BTC and come to Altcoins safely nowTips for Buy:
PMA
NPXS
DTA
XDN
FLDC
RDD
PTON
And all lower coins
OTHERS.D trade ideas
UPDATE: Altcoin Dominance (Other) 6/10/2019 - #OTHERS.D ChartsUPDATE: Altcoin Dominance (Other) 6/10/2019 - #OTHERS.D Charts
ALT Dominance (Prj.Y19.P02).Further DowntrendALTs often lose more ground in a down trend than BTC and in this case we see a downward channel.
Observations:
> It has hit a resistance, upper part of the channel and key resistance line
> It past a critical point (0.786 fib retracement), indicating BEARISH'ness
Thoughts:
Expect a slower decent while we have this BTC consolidation at the 7K to 8K range.
Yes, we will see BTC not going past 9.3K and that's being were to be very bullish at this time
Hence if you compare BTC dominance and ALT dominance you will see the confluence in the trend.
An example here is ETH\BTC chart (pairing)
WEEKLY Chart
BTC dominance chart.
Phase 1 alt season entry and exit Using RSI and Stoch RSI, compared with historical data. Currently we see strong signals of entry with a 7-11 week swing trade. I am a chart noob. Been studying for a year or so. I do not currently trade. Practicing building charts and trade ideas.
Altseason is near. Buy the dipExpect Altseason to start soon , but it will be different from the previous one " 2017 " , to many alts won't pass their ATH , in this altseason x10 is the max profit.
Why it would start soon ? :
Bitcoin has fallen , and there's no news that could pump it up , so it's time to switch your bitcoin to alts.
Bitcoin dominance is at ATH since Jun 2017 , which is a big resistance , it can't break it.
My favorite alts for the moment are the low sat alts :
-XDN
-PMA
-DTA
-CNN
-UUU
and $MTC
Altseason BTC on the moon all stupid fantasy Let's go back AltNo bakkt
without future
no BTC on the moon
all stupid fantasy
Let's go back monsters in the altcoins everything as it always was
Lots of nonsense for you to drop the altcoins and now they're all stocked up
just wasted time
All this to fool you and get your attention the wrong way
Get back to your altcoins quickly
Tips for Buy:
PMA
NPXS
DTA
XDN
FLDC
RDD
PTON
And all lower coins
Altcoins will do good in Q4While others are looking at the darklines as support and see it get broken i'm watching the blue lines for support and i'm thinking we might get a bounce in the months/weeks to come, Q4 here we come!!
ALTCOIN SEASON IMMINENT!!!After cross referencing the Altcoin dominance, I noticed with the Stoch RSI indicator a repeating pattern. Once a year the Altcoin dominance would consolidate for a period ranging from 90 - 97 days.
The pattern would either flatten out or make an inverse head an shoulders.
After this consolidation period a short/long term rally has followed everytime without fail.
We may finally be out of this 2 year bear market for alts, lets hope :)
Altcoin MarketCap - Possible Reversal Soon!Well, on the Small-Cap Altcoins Dominance Chart we can see a positive picture. We have support levels which were formed according previous reversal points. Currently, the price is located above the mentioned levels and is going to return in the upward direction. Okey, but how to deal with these levels? Don't buy alts when the price reaches these levels, buy them only after you see reversal signs.
Alt Season has arrived?This graph represents all altcoins excluding the REI (Bitcoin)
See how fractals present a similar pattern
Will we finally have a session of altcoins? 2017 is so far away. We want it again. We look forward to it. If the pattern is confirmed, soon we will have higher highs. To MARS!
Alts Season Is Coming..!!!Altcoins (Dominance)
- Dominance Turning Bullish After Lower Lows in Weekly Timeframe.
- So Far Making FAlling Channel Pattern (Bullish Pattern)
- First Major Resistance Is Around 6.7% (That Was Strong Suport & Now Acting As A Key Resistance & Channel Breakout Point As Well)
- 9.3% Is the Main Resistance (If We Break it Then Alts Season Will Officially Start)
- BTC Dominance Is Also Facing Important Resistance in Weekly Chart & I'm Sure that It Can't Break For Now.
- So Add 5-7 Quality Projects in Your Favorites List & Start Following them.
- This Alts Season will be Different From Previous Season.
Bitcoin Dominance...!!
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The information given is never financial advice. Always do your own research
Alt Season??!!the dominance of the alt has reached a good support point near the 0.786 fibo along with a lta and can reverse and make its wave 5,
Altcoin Season 2019, START - Everything you Need to KnowIn the first ever post coming from BitOwned, I'm going to drop some knowledge. This is something I kept secret for me and some select people that have been chasing with me the next altcoins bull market.
All this until today, when I decided to share the knowledge with you and everyone who would like to join our community and be part of this group.
If you're reading this post and you are being motivated to read, understand and also do your own additional research of what I'm going to teach you, then lets get to the subject line.
What is Altcoin Season?
This is a term frequently used when altcoins prices in the cryptocurency market start to rise. We will consider the TOP100 from the cryptomarketcap.com for this, as the other 1000s of cryptocurrency don't always follow the first 100 and the volume can make it hard to predict when they are going to rise or fall.
When do Altcoins Start to Rise?
One pattern which many people have missed is that they follow very precisely the 'OTHERS DOMINACE' CRYPTOCAP:OTHERS.D or 'Market Cap Others Dominance'. This is the dominance, in percentage, of Total Crypto Market Cap minus Bitcoin's Market Cap.
If you will analyse this chart properly against some of the major Altcoins Charts (in this example I used the Ethereum chart), you can spot some levels which after they are retested, the Altcoins prices start to rise.
To strengthen this argument, we can take for example the ETH July 2016 - March 2017 BITFINEX:ETHUSD Chart and compare it against the Others Dominance chart from the same period of time as I did below.
You will notice the 2017 Bull-Run started right after the dominance fell through a support level previously (resistance) broken before making the July 2016 Highs. After breaking this level again and sustaining above, Ethereum went on a never seen before bull-run.
tradingview(.)com/x/Z5SZVYA0/ (ETH CHART)
This is enough to grow my confidence in the Altcoin Markets and to see how close we are to reaching moon agian.
In addition to this, the recent fall that we are experiencing, right before Bitcoin's major price rice from $3000 level can get money flowing from Bitcoin to Altcoins as they are at irresistible prices right now and Bitcoin's move have boosted the confidence of the retail investors in this market. Right now altcoins may seem like a great investment being at the lows, with any announcement around the corner, rumours about XRP, a big pump of ETH, we can see FOMO and a great reversal from the Altcoins at any time soon.
Are we going to have new highs in altcoins?
I believe we can see an increase in the price this year but according to my charts, we are can see new highs (major) around end of 2020.
Technically this year having new highs I would say Yes and No because some charts and other technical findings can contradict my above statement about 2020.
More on this later.. Follow BitOwned and I will continue to describe exactly why yes, why no, and what should you do.
Happy to hear your opinion too. Please leave a comment below and lets discuss this. :)
Yours,
BitOwner
@bitowned
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.
I'm very confident in the beginning of altseasonI have so many more reasons to expect this, which I might follow up on later. Long-story short though, I was bullish all the way up from the bottom to the first time it hit $8k, but since then I've been expecting altcoins to have their turn. Even as someone who's only been in since 2017, this is a very familiar cycle to me. BCH/BTC being so overdue for a rise also helps explain why and how it will be possible for altcoins to continue their surge despite the fact that bitcoin is consolidating, which seems like it hasn't happened for a couple years. I have longer-term analysis on this as well which I'd like to post links to but since I can't, I'll just say find me on twitter, steemit, or YouTube if you're interested in more.
ALT Coin Dominance - more room for the downside.Its good to look at ALTs and see much further for them to drop.
Looking at the weekly and daily chart, the ALTs have past a critical level and will target the bottom of this channel.
This chart has both ALTs versus BTC (%) Dominance. No words required.
