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2-Week Heiken Ashi Shows 30% Drop Target For BitcoinSparksterSignals never enjoys being the bearer of bad news... However, the better you trade, it matters not which way the market goes in the short-term. As you can see, Heiken Ashi 2-week chart reveals momentum is turning downwards. Traders may seek to unload altcoin long positions at the risk of a significant price drop on BTCUSD. Major support is down at $6900. The current 2-week candle doesn't close until 6th July so plenty of time for a turnaround. We'll be watching closely. What do you think? Can FOMO help turn momentum back up? Will support be found before $6900? Are the orders book strong enough to eat up the negative sentiment and uphold the price?
Short
by Sparkster
5
Bitcoin Dominance Losing Steam, Again? Bitcoin Dominance made a strong recovery in recent weeks, up to it's key resistance trendline. The weekly chart shows BTC is making a test of that trendline to squash alt coins back into a little corner of the crypto pie. But on the daily and 12 hour charts it appears the alts are fighting for a strong comeback. IF this week ends with bitcoin losing about 2.5% market dominance, THEN we may see it's test of the trendline rejected and the start of a major new bull run for the alts.
CRYPTOCAP:BTC.D
by Sparkster
Altcoin market capitalization, impulse wave scenarioHello, yesterday I posted the correctional wave scenario for TOTAL2 , please check out the attached TA. Here I project a possible impulse wave scenario for alt cap. Lets assume that the former orange trend is now our resistance, the market has shifted in a slower paced uptrend (violet dashed line) and just started wave III. Confirmation might be created by breaking the grey downtrend with a solid close above it. As always a retest of the former resistance will fortify the projected price action. A bullish pattern that might form, is the W created by B -> C -> I -> II ?-> III. The overall structure forms some kind of pennant, but I don't like its structure nor the time-frame. As always this is not a direct advice concerning your asset management. Trade safe Nik
CRYPTOCAP:TOTAL2
by UnknownUnicorn1539772
Altcoin Market - Momentum Signaling Bulls Regaining Control Analysis: From left to right (time frame is 2 week interval, except for the 4th pane, which is a monthly chart) ADX/ DMI: the downtrend appears to have lost most of it's momentum, and the trend has just crossed bullish, this will need several candle closes to confirm but a bullish cross and washed off negative trend strength is a positive sign MACD: the MACD is clearly about to perform a bullish cross, and is displaying an oversold condition. RSI: the RSI is currently in bearish territory, however it is also above the low in Jan 2019, this coupled with the higher prices is just confirming congruence between price and the RSI, therefore there is no bearish or bullish divergence, it is merely congruent. Price Compression: the purple bollinger bands are within the yellow Keltner channels, this is a strong indicator of price compression, it is worth noting that the last time the entire altcoin market displayed this pattern was in 2016, prior to the monster altcoin bull run of 2017. All of these momentum and trend indicators, coupled with the clear bull pennant in the altcoin market is lending itself towards a strong bullish argument for the next 12-18 months, should this pennant fire long, this has nothing to say about the Halvening and the impact that this will have on the overall market. Overall, the altcoin market is clearly at a pivotal moment and the bulls appear to be attempting to assert their control.
CRYPTOCAP:TOTAL2Long
by Profit_Link
Altcoinmarket has bottomed out, bullish fractal will play out?The altcoin market seems to have bottomed out. Looking at basic support and resistance on the monthly, we see that we bounced off the strongest support in the altcoin market of 54 billion USD, which had touches of 8 monthly candles (opens, closes and wicks). In addition to this, January is showing us a monthly bullish engulfing candle so far. The last time the monthly bullishly engulfed at the bottom, the altcoin market grew 233%. This monthly fractal strengthens the bullish altcoins fractal on the Daily chart I shared on January 12.
CRYPTOCAP:TOTAL2Long
by Nick010
Why I have deferred from making cryptocurrency charts latelyAs you can see POWR has made little to no price action, disregarding pump and dumps over the last few months. This is just one example of many in this current bearish market. No trends can be drawn from these markets and it is EXTREMELY difficult to draw a conclusion regarding where the price is heading. Experienced traders, pump groups, and ones with large amount of capital may capitulate on this trend lacking opportunity to ‘beat the market’. Always make a personal fundamental analysis of a coins potential before investing, as fundamentals in future will play a big role in deciding these coins prospects. With time more patterns will emerge.
by Bixley
Altcoin Season - 90% Fib Retracement the Bottom?Using the Crypto market cap (excluding BTC) we can gain an insight into the altcoin's potential trajectory. After the explosion in 2017 it was apparent that a harsh and brutal correction was inevitable, it may appear that the worst may be over. As you can see the altcoin market has retraced the typical 90% from bubble swing low to swing high, in fact the Nasdaq did the same after the tech wreck in 2000. It is possible and quite healthy for the alts to retest this low around 40bln, however i would hazard a guess that the bottom for alt is at (or very close to) this current low at 40bln. Nevertheless, the idiom of 'Buy low and sell high' is quite difficult to do when presented, but this may very well be the case for the broader altcoin market.
CRYPTOCAP:TOTAL2Long
by Profit_Link
1
Altcoin Dominance Bouncing From 0.382 Fib Retracement Bouncing from 0.382 fib retracement, altcoin dominance has broken above the 200 Week MA (29.65%), RSI now left oversold conditions and MACD about to bull cross. "ALT.D" (1-BTC.D+99) needs to close the weekly above the 200 MA to remain bullish, but otherwise the risk/reward is there for a trade to the 0.5 fib retracement (49.95%) and resistance level. This would be a trade on the monthly scale on the left with the price bouncing back from the 20 MA to the 50 Month MA. Related altcoin dominance/market analysis... Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming? Altcoins Bouncing From 200 Week MA after TD Sequential 9
CRYPTOCAP:BTC.DLong
by dragononcrypto
ALTCOIN Market Cap. Impressive Symmetry.This is just a quick reference to where the alt market may be heading after Bitcoin's latest sell off. To me it is impressive how the market managed to follow a downtrend that symmetrical to the uptrend of January - June. Do you think it can go all the way down to fill the pattern? Personally I see the next symmetrical Support levels as strong candidates for the start of the next uptrend based on a comparison with the previous Bull Cycle. Also the 1D MA50 should start reversing around 50.50 if it follows the symmetry.
CRYPTOCAP:TOTAL2
by TradingShot
6
Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming?Is this the start of another alt season? Altcoin dominance needs to close above the 200 Week MA at 30.65%. Despite the downward trend of the 20, 50 and 100, the 200 remains in a bullish posture trending upwards. Is Bitcoin going to sell off and profits go towards altcoins finally? MACD is looking to bull cross soon, the RSI is leaving oversold territory after three months of being oversold, monthly RSI has been finding support at 40. The altcoin market has otherwise found support from the 200 Week MA in recent weeks :-)
CRYPTOCAP:BTC.DLong
by dragononcrypto
Bitcoin Dominance Ready for Dump & Altcoin is Ready for PartyBTC.D in 6 Hrs Time Frame looks like head and shoulders pattern If Neckline Break With Full confirmation then We can See bitcoin dominance Drop Till 65% and if this Happened then can see Altcoin Movement. On the technical analysis chart, the Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend; a characteristic pattern takes shape and is recognized as a reversal formation. Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan.
CRYPTOCAP:BTC.DShort
by Make_Money_Guru_Bitcoin
3
When to buy altcoin? Just look at BTC dominance chart.CRYPTOCAP:BTC.D As usual, after a pump of BTC it gets stronger and everyone wants to buy it. The demand leads to a sell off on altcoin market, resulting in a 3 to 5 times decreasing rate of most altcoins in comparision to the increasing rate of BTC. After BTC is cooled off, capital will flow to altcoins because of their attractive profit, causing altcoin blooming season. But, the recently bull run of BTC on april 2019 has not made any altcoin seasons as expected, actually altcoins and even top coins (coins with high market capitalization such as ETH, XRP, LTC) have been bleeded too much this week. So, you might ask "when is the right time to buy altcoin?". By using just one chart, the BTC dominance (BTC.D) chart, you can answer your question. BTC dominance is an index that was calculated by deviding BTC cap. to whole crypto market cap., characterizing the impact of btc on the entire crypto market. One believes that 50% is a key value of this index, if btc dominance is over 50%, there will be hard time for altcoins and vice versa. The more high BTC dominance the more bleeding of altcoins. For better illustration to the influence of BTC dominance to altcoin prices, I have attached 2 charts to BTC.D chart, which are ENJBTC (low market cap., an altcoin) and EOSBTC (high market cap., a top coin). They were picked randomly, definitely every coins will fit this rule. Now look at the chart, we can see that both coins go against the BTC dominance. Specifically, from 6 dec. 2017 to 15 jan. 2018, BTC dominance dropped from 69.69% to 35.72%, both coins exploded. We have first alt season on 2018, lots of altcoin pumped on this season. From 29 mar. to 7 may 2018, BTC dominance had another drop from 49.75% to 38.76%, both coins had another pump. We have second (and last) alt season on 2018. Most of the coins had reached their top high on this season, before lost tens times of value by the end of the year. From 24 jul. to 5 aug. 2018, BTC dominance was trying to break out 50% key value, after the break out alt market has felt into crisis period till now. By interpreting BTC.D chart, one can pridict the right time (in term of macro view) to buy or not buy altcoins and even top coins, namely: - Ideally, BTC dominace values below 50% are good sign to buy altcoin. We will get better profit when BTC is weaker than the others. - In a rising trend of BTC dominance (this time - apr. 2019), it is very bad time for entering altcoins and top coins. - If BTC dominance values are above 50% but there is a downtrend of BTC dominance, we can enter scalp trading for altcoin and top coins. - When BTC dominance keeps going sideway, top coins will have the same behavior of BTC (in USDT pair), it is better to trade top coins, not altcoins. Fortunately (thank to tradingview team), we can apply indicators on BTC.D chart, that helps us to predict future movement of altcoin market, and plans strategies for next scenarios. I shall make an analysis on BTC.D next post. Please share your thought, thanks for reading!
CRYPTOCAP:BTC.DEducation
by Batrachotoxin
2
Altcoin Marketcap Analysis (Is #Altseason over already?)Hello everyone, Here's a quick update on our thoughts about the Altcoin Marketcap . Hope you enjoy the video. Like, comment and follow us if you find this helpful, we really appreciate it! Axsonex Team ------------------------------------------ DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due-diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page.
CRYPTOCAP:TOTAL2
by Axsonex