Altcoinstowatch
ETHBased off my strong USD DXY chart I feel that Bitcoin & altcoins r due for a larger correction & that this will be the end of these wild moves in eth from pumping to $200 then back below $100
for now, and that $ETH and cryptocurrencies should all kinda slow grind back up into EOY and we start another multi year bull market.
I am going to buy this dip around $90 for long term hold this coin.
$VIDT Volume Profile, MACD, Bullish Trend Indicating a BreakoutHi All,
With Bitcoin confirming a bullish trend, historically altcoins are not too far behind the rally.
Today i am looking at $VIDT, a data integrity blockchain project based out of the Netherlands. I have been following the fundamental business development of VIDT over the past month and can see some strong long term potential profits based on their token economic model. Coupled with great partnerships such as AMSPEC and IBM, i recommend taking a deep dive into the telegram library for further information on monthly token burns and adoption metrics at:
t.me/VIDTlibrary
Turning to the technical analysis,
We can see that on the daily chart, VIDT has maintained a strong performance against the BTC ratio (uncommon during BTCs tradtional explosive moves upwards when valued against altcoins). This shows us that the hands are strong across the current wallet holders (which stands at a count of 5743 as i write this article). We have bullish confluence across three key factors:
1. We have began printing higher highs and higher lows on a long term time frame (daily).
2. The MACD is rising in agreement with price, creating higher highs and higher lows.
3. Price is sitting above the 10/20 EMA, EMAs are in correct order for an ascending channel.
The Key Factor: In conjunction with the three indicators of confluence above, we can see a clear channel above a low level of resistance (0.00001547). When inspecting the Volume Profile on the right hand side of the chart, we notice VERY LITTLE resistance to return to previous heights. This indicator is a VERY STRONG sign that once the key resistance level is broken, price will accelerate rapidly as the market has yet to solidify a price within this range. Couple this with the current strength of holders mentioned previously and i am expecting to see a quick return to previous highs, potentially printing new highs after a test of the previous level of 0.00001300. This implies that a break of the prior resistance at 0.00001547 would lead to a clean target of 83%.
As always, this is not financial advice. I strongly suggest you do your own research on this project prior to investing. Loads of resources available on this project at about.v-id.org and multiple telegam channels.
#ALGOBTC.. IF IT IS NOT NOW, WHEN? I think there is no need to say much for #ALGOBTC, ALGO should act against Bitcoin soon..
Although there is no signal about returning from the bottom up yet, I think Bitcoin will bind to bed for a while and there may be opportunities in some altcoins, we will wait and see .. You can find important levels in the chart ..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
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!!!!!
WRXBTC: Possiblity of Falling Wedge pattern.WRXBTC: Possibility of Falling Wedge pattern.
Note: This is only for Educational purposes; this is not investment advice.
PPTBTC : Double Bottom Pattern.PPTBTC : Double Bottom Pattern.
Note: This is only for Educational purposes; this is not investment advice.
ICXBTC: Change of Trend or Bull TrapNot a big fan of alts, but ICX caught my attention. Price soared into weekly resistance and I think it's time to take profits or even enter a short position (if it'll be possible), I'm expecting some retrace from these levels.
Otherwise, weekly close above red zone will tell us about strong trend and a possible long opportunity
Information is just for educational purposes, never financial advice. Always do your own research.
YOYOBTC : on Demand Zone YOYOBTC : on Demand Zone
Note: This is only for Educational Purpose this is not Investment advice.
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?
FTM/BTC Daily Entry and Targets 250% Potential gain.I'll be sharing the charts of my best picks for the upcoming bull run. Fantom is one of them and I'll start with this one. One of the most promising Altcoin on Binance is FTM. Fantom/BTC just broke below the reversal channel of a Rising wedge. We will wait for some more downside price movement and ladder in partially. No clear picture in RSI, MACD or other indicators yet. But still below the pivot point. Also trading below 50D and 21D MA.
ENTRY: 107 TO 125 (Ladder in with partial buys to average your entry) You know that no one knows the bottom. Better don't miss it, right?
Many good news are also on the table Means Fundamentals are very Strong,. This is one of my best bet for the upcoming bull run. MACD seems to have a bullish crossover soon. We will go a bit lower following a channel (Falling wedge) with a H&S Pattern. Breakout is imminent with this formation.
This is not a Financial Advise, please do your own research my ideas are for education purpose only.