Bullish breakout on TOTAL2...Altcoins: "IS IT MY TURN YET???"This chart shows total market cap of all cyptos minus BTC. It's an important indicator for identifying altcoin market trends.
You can see the bullish divergence on Stoch RSI has played out with the breakout from the triangle (or bull flag). We are seeing a retrace right now, but if this bullish breakout gets confirmed by a retest of support at the top of the pattern, we will see a lot more gains from Altcoins in the coming months.
A confirmation of the bullish MACD cross on the 1D TF would support this idea.
This is contingent on BTC however, which has reached the top of the rising broadening wedge pattern to which it has stayed surprisingly faithful. This makes me anticipate a retrace toward the bottom end of the wedge, but who knows! BTC just broke ATH and may surprise us all... another push higher would continue to steal the altcoins thunder in the short term.
happy trades ~
CD
Altcoinseason2020
Bullish pattern apparent can the bulls break out?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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EOS Too Many Fences Guarding the Bulls - 1.5x Opportunity "Only"EOS is facing a ton of resistance levels (7 to be precise) before even being able to reach 5€ which is only about quarter of it's all-time high.
Unless there would be a major catalyst for EOS it seems unlikely EOS will participate much in the next alt-coin cycle.
Taking a conservative approach to possible gains on EOS seems indicated.
1.5x seems feasible until mid next year. That would be breaking about 4 resistance levels.
Given this outlook EOS would drop further in market cap and drop potentially below the Top 20 crypto assets by market cap.
Bitcoin Cash the hibernating bear - 3x altcoin rally possibleBitcoin Cash has had massive downside after its all-time highs and went deep into the "Bear Zone" down to 65€ but never was able to get over 300€ ever since.
I will take a conservative look and see fully possible a 3x rally given the next altcoin cycle will start here soon.
There are however 4 resistance levels (237€, 300€, 415€, 615€) to break for BCH to reach the 710€ 4x spot.
It will largely depend on if Bitcoin Cash will be able to keep it's Top 10 position by market cap in order to attract enough attention with all the DeFi noise.
Of course an 8.5x could also be possible, but given the weakness of BCH since the last cycle it does not hold such a strong market value proposition then e.g. Ethereum.
Eyeing Up MKR/BTCInteresting 17 month long head & shoulders pattern developing on MKR. Target is 2x head to neckline measurement, that would also re-test the horizontal resistance and beginning of neckline from June 2019 high. Price otherwise looking for support from the VPVR Point of Control around 0.047, while RSI has broken back into neutral territory from bearish. CMF has flipped bullish.
QTUM- On fire! Now or wait for the pullbackPropelled by the news of offline staking, mainnet and potential DeFi project, QTUM is on the hot steak lately.
One of the two famous smart contract platform projects, along with NEO, from China back in 2017. It is trading below its long-term S/R lvl and is about 96% from its ATH (Check my links below for other coins that are down over 90% from their ATH- SNT & NANO).
On the daily time frame, it seems very over-extended so pullback may be imminent. I would not mind hopping onto the bandwagon now with small order because next resistance lvl is still 20% away and add onto the position on the pullback.
SXP- Could be starting a new trend after the deep retracementSwipe (SXP) is the crypto card provider offers services in more than 30 countries, including Spain, France, and Germany, competing against crypto.com and Coinbase in the crypto cards market.
On Aug.18, it received the regulatory approval to enter the U.S market.
Still has more room to fall on the daily timeframe. Facing the resistance on the 4hr timeframe.
Good mid term opportunityQtum has great fundamentals after a month from now ... New #Qtum Mainnet Release Qtum v0.19.1 - Hard Fork - Mandatory update - Offline #Staking !!
Also, Qtum is now on voting list for tokens which will be listed on Huobi Japan !
So we can enter now between 2400 and 2470
Short term targets:
TP1 2563 6.7%
TP2 2680 11%
Mid term targets:
TP1 2890 17%
TP2 3057 27%
TP3 3300 37.5%
TP4 3700 54%
All targets can be touched easily after the new updates ... And it can make huge profit like *2 *3 or even *5 on long term as it has great project ...
*Make your own analysis, and good luck*
Bitcoin Dominance Targets for 2020Given the breakdown structure of Bitcoin Dominance during the 2017 Altcoin Bull Run, and facing the present top formation in Dominance in the spring of 2020, we may expect Dominance will drop as the second and third generation crypto technologies mature.
Coronavirus changes medium term expectations. And can be viewed as an event that will distinguish the viable crypto projects from the good ideas that are not ready yet.
Altcoin Season 2020
Bitcoin Dominance is only part of the story. It is a great bit of data, but it is the average - and it goes not provide insight into the best altcoins to watch in 2020. Instead, we need a consistent trend following trading plan that we measure each individual crypto against... and continually grade all the coins against this plan so that we come up with a standard measure to determine which are the strongest coins - and which are the least likely to survive.
2020 Will Be A Year Of Delistings
Many crypto projects have been working on a shoestring and a hope. With coronavirus sweeping out the world economy, good ideas without business backing... will have to restart again later.
By grading each coin on Binance and Poloniex daily, we created a simple Color Coded Spreadsheet that now lets us sort, review and compare the performance of each coin over the past mini altcoin market moves, and we can quickly sort out those projects that showed strength and have pulled back, from those that did almost nothing, and have also pulled back.
We have a clear list of about 50 coins on Binance that are the altcoins to watch in 2020
AND perhaps more important, we have a list of coins that may be DELISTED, and never have any gains from the altcoin season in 2020
The Bull Market Watch by introtocryptos.ca
Altcoin Season 2020 Will Be Slow
Given the general economy, growth in the best crypto projects may not be as explosive as the 2017 bull market. Watch for slower trends in alts, with more moderate targets in Bitcoin Dominance.
ALTCOIN DOMINANCE BOUNCE!I believe Altcoins dominance may hold support at where these 3 weekly moving averages the 21, 50 and the 200 are converging at the same time, pretty amazing that its wicked up from them. Altcoins may rally soon so buy some good ones that are trending up, #POWR #AION $POWR $AION, HODL my friends, HODL!!!!!
TNT set upIs TNT ready to go up again?
If it repeat the same pattern entry on the blue ligne support or the yellow box!