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Altcoinseason

Similar to Dogecoin, CompUSD looks ready to break!Traders, This one looks similar to my DogeCoin post a few days ago (see link to related ideas below): Inverse H&S pattern - looks to be playing out Clear target at area of confluence Similar pattern as many other altcoins ...tackling a major MA So, here's the way I'd play this (also, similar to the recent dogecoin post): #1 - Zoom in to the 4 hr chart. #2 - Now, pending your risk tolerance here's how I would play this: ------ Balls of Steel Risk Tolerance - wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that's my sign. I enter. ------ "Meh" Risk Tolerance - wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I'm golden. ------ "I'm so scared" Risk Tolerance - for you chickens that wouldn't cross a sidewalk crack without looking both ways - wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr, then enter if you dare. Targets: You first target shall be $152. If you still have your grips on that diamond, then go $170. Best to you all! Beer money appreciated. -Stew
COINBASE:COMPUSDLong
by stewdamus
6
BIG BIG OPPORTUNITY! ALTSEASON?Altseason might be starting right now! Btc.d broke under a support i drew on the daily. But why would that mean altseason is coming? Because there is a big bearish divergance in the rsi on the weekly chart which is shown through the yellow lines. This means btc.d can make a low lower than the previous lows at 39%. Btc.d could also break the channel's support line which would result into a biggest altseason with all altcoins surging!! Accumulate your favourite altcoins now so you don't miss out!! If you want some altcoins suggested, scroll through my ADA, CAKE, JASMY and FTM ideas to see if they're worth your money!
CRYPTOCAP:BTC.DShort
by blz_legend
Another Altcoin Season?Let me start by stating I am no professional trader, or financial advisor, so my statements below are my personal opinions only. I strongly encourage everyone to challenge my theory with constructive criticism in the comments below. The 100-BTC.D Daily chart is printing a larger Bullish Pennant, indicating weakness in BTC dominance, and potentially indicating a new Altcoin rally ahead (which I would really enjoy) The last Bull Pennant that the 100-BTC.D chart printed was in January 2021, which lead to the big Altcoin gains between Jan-May 21. Since reaching the 'target' of that January pattern, Altcoins have taken a price hit as profits were moved back to BTC. With the recent BTC rejection of $42k, we may start to see some of that money move back into Altcoins are traders start looking for more short term profits. In the past week I've noticed several altcoins pump ~30% in a few hours as extremely large (relative) volumes being traded. To me think indicates big money is starting to re-accumulate altcoins at current prices, preparing for the next mark up.
CRYPTOCAP:BTC.DLong
by chimera_brendo
ETH following it's history?!Ethereum has some pretty noticeable similarities compared to it's price action in the summer of 2021: 1) Double bottom formation (W-pattern) 2) Price deviated above 21 MA (red circle on chart), formed a bottom and then broke out of 21 MA and we entered a rally. This gives us "hopium" that bigger Ethereum and altcoin rally might be near but we should not get ahead of ourselves. It's very risky to blindly open longs based on this similarity. To open longs, I would like to see a clean break above 21 MA, also clean break above the 3257 range high with some retests for clean entry (red arrow on chart). Safe trading!
COINBASE:ETHUSD
by Tradecys
1
BTCUSD New Altcoin SeasonHi, The blue chart is the 4-hour bitcoin dominance from January 16. All small fish see highs as selling opportunities. -Purge of impatient little fish- 39K is a level we get rid of them. Now the price will search the bottoms to find its new buyer. Afterwards, I think that the quickly lost levels will be regained. Smart money will create FOMO if it plans one last hit here. If people fleeing inflation data want to protect their money, they should be given a more cautious emerging market. So what does the market maker want? Although it is impossible to know, they are whispering to us about the bitcoin dominance. If we see bitcoin price rising while bitcoin dominance is falling, that would be an excellent signal for altcoins. It is not investment advice, take it easy.
BITSTAMP:BTCUSD
by CengizhanS
Altcoins can fall pretty hardThere is exactly a year now since Btc.D is trading in a downtrend. However, after reaching 40% back in May we have in fact a clear range between 40% and 50%. In mid-September, again, we touch 40% and we got back to 50% pretty quickly. The last drop takes a lot of time and is printing a falling wedge on our chart. At this moment we are hovering around 40% for almost 2 months and Btc.D looks ready to turn. Getting back above 40 and 41 furthermore would confirm strong support and also a double bottom (more clear on smaller TFs). If this is the case, ALTs can fall hard
CRYPTOCAP:BTC.DLong
by Mihai_Iacob
13
Ethereum Dominance Weekly TF 30/01/2021as we can see due to BTC dominance increase the Ethereum has fallen back and trying to recapture the market as it is now in the accumulation zone and getting back to its Distribution zones as we had analyzed the BTC dominance and that was more on the Fall side so we can conclude that the ETH.D is in a good Up Rise and i.e. as BTC.D falls so Does the other Cryptos Rise they have the negative correlation with each other as they show the Market Dominance percentage so once one concur the market others will fall out of it we have used Fibonacci projection and Price Action analysis for specifying the Redistribution zones post it Dominance Upraise i have linked the Bitcoin Dominance analysis too you can refer to them for better comprehension of its correlation with Ethereum dominance please comment your ideas and opinions
CRYPTOCAP:ETH.DLong
by BitonGroup