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Altcoinsvsbtc

Altcoin Market Bracing for Major Move - Bull Pennant?The Altcoin market has been beaten down for months, a minor relief rally at the start of 2019 has been followed by a slow grind lower for all but a select few names. Undoubtedly the Altcoin market is poised for a major move, the direction is unclear, but the compression in this market is undeniable. Big Picture: Left Chart - Currently sitting at the 50 period Monthly EMA, this area acted as support during the initial bubble burst of 2018, it may act as support again, however if it fails, then it sets the Altcoins up for a major fall. - Currently in what appears to be a bull pennant (trend continuation pattern), this pattern is likely to resolve soon, likely within no more than 2 to 3 months. Compression: Top Right and Bottom Right Charts - The top chart shows the weekly timeframe and highlights the current bullish divergence between the momentum indicator and the price action, this does lend SOME strength to the bullish argument. - The bottom chart looks at the 3 day timeframe, the highlighted regions depict the prior instances of market compression and the resulting moves, this also highlights the need for caution, as these periods of compression can break in EITHER direction. The fundamental supply and demand dynamic of the halvening, inflows of institutional money and the current extremely beaten down Altcoin market would tilt the scales in favor of the bulls, however, should this pennant break to the downside, which i would classify as a decisive close below the lower trend line AND 2 closes below the 50 period monthly EMA, then the downside could be quite dramatic.
CRYPTOCAP:TOTAL2
by Profit_Link
DLTBTC LONG - 770 satsHey everyone! As explained yesterday, we were waiting for our 3H/3L count to show up on the chart and it did so overnight. The balance in this setup is magnificent and so is the fact that the Volume Profile confluences with our entry channel. Risk-Reward-Ratio a bit high than ideal and volume traded is quite low (20BTC) so it needs to catch up with how good this looks. Putting 1R on the table myself, just looks too tasty to pass. Take care, Vlad The Crypto Trader
DLong
by Be_Independent_Tribe
ALTCOIN TRADING CHEAT SHEET - BTC.DOM CORRELATION TO BTC PRICEZooming out on the weekly chart, with both BTC/USD and BTC Dominance side by side, you can see TWO obvious trends. Jan 1, 2018 - Apr 1, 2019 : Inverse Correlation BTC FALLS, Dom Rises = BTC dumps, Alts dump harder (short alts) BTC RISES, Dom Falls = BTC pumps, Alts pump harder (long alts) - Jan 1, 2018 - BTC falls. Dom rises - April 2, 2018 - BTC rises, Dom falls - May 7, 2018 - BTC falls, Dom rises Apr 1, 2019 - now : Direct Correlation BTC RISES, Dom Rises = BTC pumps harder than Alts (short alts) BTC FALLS, Dom Falls = BTC dumps harder than Alts (long alts) - Apr 1, 2019 - BTC rises, Dom rises - Jun 10, 2019 - BTC rises, Dom rises - Sept 9, 2019 - BTC falls, Dom falls - Oct 28, 2019 - BTC falls, Dom falls Currently, When the BTC Dominance Falls, ALT/BTC pairings rise in value. vice versa When BTC Dominance rises, ALT/BTC pairings fall. If BTC continues a downtrend. I believe we will see Alts continue an uptrend... as long as the current direct correlation trend between BTC/USD and BTC.Dom continues. A lot to wrap your head around when trading Alts. But I believe zooming out on the weekly and comparing side by side will simplify things a bit. This is not financial advice. These are just my own ideas. Do your own research. I am not responsible for your trades. - Crypto Rolly "The crypto watch that never stops"
by CryptoRolly
Altcoin Market Cap Bullish breaking above Cloud and Golden CrossThe short term Altcoin Market Cap is looking very bullish here in my opinion. The last time we broke above the Ichimoku cloud we saw almost 3x gains and now we have broke above the cloud again with 70B acting as support here. We can also see the 50 day MA crossing above the 100 day MA which signals a bullish trend a golden cross with the 50day now approaching the 200 day MA also. The Fibonacci retracement also shows a first target at the 0.382 level of 90B, followed by the 0.5 fib level of 100B. Should we break through these levels then we are looking at the 0.618 level of 110B which if we can pass would soar to above 140B at least. In my opinion this is a short term view which could play out over the next 3 months or so.
CRYPTOCAP:TOTAL2Long
by CryptoShamTV
2
XTZBTC broke out the resistance | Upto 167% move expectedSince Feb 2019 the priceline of XTZ / Bitcoin Cryptocurrency was moving within a pennant and finally broke out the resistance of this pennant in Sep 2019. The the price correction was started and in Oct 2019 the Stochastic and RSI went in oversold and at the end of Oct the MACD turned weak bearish from strong bearish and Stochastic gave bull cross and RSI turned bullish. The Ichimoku cloud is also turning bullish. We have a new support at 0.00008786 sats after this breakout. Our target should be the projection area of tail to support of this pennant from 0.382 to 0.786 Fibonacci as below: Sell between: 0.00015935 to 0.00023495 Regards, Atif Akbar (moon333)
Long
by moon333
3