ALT Breakout Imminent - ALT Season ApproachingWe should have ALTs break-out any day now.
This is the alt coin market cap to BTC USD price ratio on the daily.
68% chance for a break to the upside on this falling wedge.
Alt-coins
IOTA Links With Jaguar Reappearing - Pump?With the links of Jaguar Land Rover... Is it possible we could get a push due to the FA and the hype on this?
Totally possible but at the momentum market is flat so may not get as much excitement as previous announcements like this.
Crucial pivot point : Altcoins are in trouble if no higher highComparison of a same bubble structure between the Silver bubble and the total market cap of crypto (exl. Btc)
If alts don't produce a higher high around here, then new lows are to be expected, with a slow and long decling of several years.
Of course maybe a few alt coins will probably survive this pattern and will show a more bullish pattern than shitcoins and other alt coins, but this is a very important warning, as this bubble structure is so far 100% identical.
Humans reproduce the same patterns on charts as our behaviour and nature does not change, and will never change.
I am absolutely not against Alts beeing destroyed, as a large majority of them is a cancer to this space, and the crash of the majority of alts would educate the market in the way of driving dumb speculators into bitcoin maximalists, which is not worse.
A little zoom in shows the Smma totally blocked the upmove of the altcoins market cap :
Daily shows a golden cross, but the moving averages are already pointing to the downside, so i don't exclude a bearish cross to happen.
Last note about the Silver chart that produced the exact same bottoming pattern as the Bitcoin chart of 2015:
Rebound For XRP, Risk to Reward: Acceptable ~ Moderate Trend line is still on track as pictured. Fake out had massive sell off at $0.37250. Price consolidated, awaiting further potential break now. Other wise lower levels will be retested...
Bitcoin Projections: It's All About the CorrectionHey traders,
Quick Summary, focus is on the correction today for obvious reasons, where is the bottom? 8700-8900. lots of confluence at this zone. I project a wick will make it through the 200 ema on the daily chart and bounce with nice volume off the .382 fib line for the overall retracement, if we fall below this area things may get bearish real quick.
Remember, its a bear market til we pass over 11780ish. As such, we can't let these rally's go to our head like Bitcoin is invincible. :) lol
Make smart moves and recognize when critical points are broke to validate certain scenarios playing out. Its easier to make short term projections than long term projections, as a trader, this is where the money is made.
If we break out of the descending channel we are in and find support on top of 8300 then a SHORT TERM long position I will enter to 8600 attempt, although i expect to get shutdown from there and fall lower overall.
Best of luck traders.
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Tron - Looking Bullish in this Sea of RedForming a triangle. If it breaks down we can see support at the .5 fib, but we are getting higher lows, we are also seeing higher lows on rsi but also higher highs on rsi and lower highs on chart which is bearish/neutral.
If we break up we can expect wave 5 to start playing out.
We are at that point of apex now to make it an easy trade either direction.
ICX long trade ! Long time resitance which has become supportLongtime resitance which has become support, stop loss for this will be very short as if it breaks below this it will go further down. and upside i have kept just below the next resistence, if it crosses that then next target is even higher.
$BTC Short term top or Flat top breakout?Tight here and either a breakout or a short term correction in place deciding on where the candle closes.
$BURST / $BTC Bottoming ALT. Just had a bottoming breakout with a potential higher low. Looking for momentum.
