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Altcoinsrally

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
Bullish altcoin fractal - Total altcoin marketcap to grow 173%?Bitcoin has seen an exponential rise, and if you ask around in the crypto space, this would mean that altcoins bleed. However, I'm seeing a bullish fractal on the cards. Bitcoin, depending on how you draw the descending channel lines, may or may not have broken out of the descending channel. With the altcoins, it's very clear that it's broken out of the descending channel. Also, near the start of the last altcoin boom, the 9 and 21 daily EMA crossed above the 55 EMA. Right now, the 9 EMA has already crossed and it looks like the 21 will soon follow. The last altcoin boom lasted about 5 months, so, although past performance is not indicative of future results, could we see an altcoin season until the halving?
CRYPTOCAP:TOTAL2Long
by Nick010
BNB Profit Taking Levels & Retracement Levels To Look For Just some quick analysis on BINANCE:BNBUSD BINANCE:BNBUSDC BINANCE:BNBUSDT Seems to me like a pretty damn good location to start offloading some of your position. - Coming in to multiple key profit taking levels. I.E. ABCD objectives, range extension reversal zones. - Markets generally don't move in a straight line for long periods of time. - Overbought / parabolic market. - Waaaay above value based on real volume distribution. Real 'value' for this asset isn't until about $10.92 which lines up nice with a 78.6% retracement relative to the previous cycle's trough. Not financial advice, but obviously if you're looking to make money in a market like this you really can't justify coming in and buying BNB right now. To me this looks like the end of the move more than the beginning of the move. I'm NOT saying this is the top of the market. Not saying that at all. We could easily go higher. I'm just saying we're clearly in a parabolic market and coming in to levels where a lot of smart positions traders are selling. If/when the market moves higher we'll need to readjust our fib levels to paint our Key Reversal Zones (green boxes) a bit larger and a bit higher. Just my two cents. This isn't a trade setup. Just wanted to point this out on the BNB chart because its price action is quite different than all the other assets in the space. Want to learn the basics of technical analysis, risk management, setups, and the fundamental principles of profitable trading? Check out our Level 1 course. Giving it away for free right now for Tradingview users to beta test over the next few weeks. Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money. Use discount code 'Tradingview' - learn more and get a free course preview here education.truebinary.io Cheers, FromTheEth
BINANCE:BNBUSD
by bitflip01
Analysis on STEEM/BTC and price objectives Can you see the clear inverse correlation between BITTREX:STEEMBTC BINANCE:STEEMBTC and BTC Dominance? ** Not at all calling this a STEEM/BTC bottom, but the chart itself is fascinating. Some main points: 1) Sitting on support @ 2 year ATL - bust these lows and we need to redraw our fibs for profit targets. 2) Confirmed bullish momentum/volume divergence not shown on this chart, but present within OBV and MACD. 3) BTC Dominance not looking toppy which makes our bull case for STEEM/BTC unlikely at this point in time. 4) 50% retracements make for conservative and reliable price targets. Thank you Mr. Gann. 5) Majority of alts looks similar. Ran TA on STEEM because of the interesting low we're testing atm. Want to learn the basics of technical analysis, risk management, and the fundamental principles of profitable trading? Check out our Level 1 course.  Giving it away for free right now for Tradingview users to beta test over the next few weeks.  Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money.  Use discount code 'Tradingview' - learn more and get a free course preview here:   education.truebinary.io
by bitflip01
1
Altcoin selection, Day #2: MCOBTCI selected this coin from two reasons. I dont want to hold unused bitcoin on exchanges and second, it looks like something is going on silently in the back. Altho the BINANCE:MCOBTC is relatively expensive, I alway like invest in coins based in asia. and the drop already happened. If we take into the considsration, that BITSTAMP:BTCUSD price drop didnt affect price of BINANCE:MCOBTC at all, I am looking forward to first correction UP. I hope you catch some good entries and dont be foolish when holding the positions.
MLong
by donlobster
Substratum (SUB) Possible descending triangle (7% movement)Substratum seems to be holding support around the 4100 satoshi level but the resistance is getting lower and lower. Part of this may be caused by the sudden halving in volume, and thus liquidity, which means the people who hold thousands of Sub are able to severely impact the price. I have bought Sub at 4100 and am very concerned with how it takes just around 8k of the coin to drive the coin down 2%. I have had troubles selling my position at the ideal price as the buy limit orders are very few, and have had to wait until an individual buy order came in before selling. As we have seen with other coins such as TRX, a descending triangle will mean Substratum is likely to break down. Therefore, I would recommend having a stop loss at 4063. If this does break up, however, our target will be 4400 sats, netting around a 7% profit. If you want to take this trade, Buy in: 4100 satoshi, which has been the current support. Sell level: 4400 satoshi, which is going to be strong resistance. Thanks for viewing! I haven't made many charts as right now as most my trades have been on the smaller timeframes. The market hasn't been doing well enough for safe 3-7 trades. I do hope we will be entering a bullish market cycle so swing traders can have a few more opportunities on BTC/Altcoin pairs.
SLong
by HD1184K
When will POE bounce? That is the question. Similar to my STORM analysis but with a slightly smaller top end available, POE looks to be entering into it's major support area that took it over 670 sat. Granted I think it's highly possible we could be in for just the B wave of an ABC correction, so I've set the R:R to much less than that. If it breaks the top end major resistance, it could very well retest the 650 area, but it's a little too far away for us to make any assumptions in relation to that, as it will be predicated on what BTC does in the days to come. Sitting in the 510 region as I write this, I feel as if it's a great opportunity to get into a project that not only has a working product, but with plagiarism being a major issue on the internet provides utility that you can write home about. Not financial advice,
PLong
by Blockchaingang