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...
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...
If you are trading altcoins is important to check Bitcoin Dominance very often. It doesn't look good for Altcoins at all. Currently, BTC.D will be testing support at 70%. It can give some alt-window opportunities IF this support will break, if yes I will inform you about opportunities in altcoins or which altcoins look the strongest.
BINANCE:DUSKBTC BINANCE:SNMBTC BINANCE:DCRBTC BINANCE:RENBTC
I never really played with the fib time tool but on my first try, lines seem to line up? Time predictions can be quite elusive but this is hopium until it is not.
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...
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...
I 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...
SFP formation observed on the daily, will be looking to long any retrace down to the open/close of previous daily candle and stop beneath the swing low wick. Targeting the clear S/R level marked in red. Idea by Pheneck
SFP formation observed on the daily, will be looking to long any retrace down to the open/close of previous daily candle and stop beneath the swing low wick. Targeting the clear S/R level marked in red
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...
Looks like QLC has been consolidating around this little channel between these support levels. If the candles remain above the 10 EMA and the 25 crosses underneath it to support the 10 then that'll be a good indicator of upwards momentum. If it breaks resistance expect a move to the upside to test 2300 sats.
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...
ONT looks to be forming a cup and handle. Accumulation has been going on for the last week. These are the levels and projection that I believe will occur.
Pretty standard looking Cup and Handle on the 4hr. RSI is looking healthy, we just need some volume to push it through. It'll largely depend on how BTC performs over the next day or so. If BTC stays steady, then the chances are higher for the breakout whereas if BTC drops and breaks support at $6.5-6.7k then it'll drop.
Seeing some movement and volume on some mid cap alts. GNT being one, with the launch of their mainnet adding to it. Tax season nearly over for USA, after which we could see some nice volume re-entering the markets. Could prime for a mini AltsAreBack. Watching closely