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Altmarket

Monthly Candle Closes Above the TOTAL2 Chart's Dbl Bttm NecklineThe monthly double bottom pattern on the TOTAL2(Alt Market) has finally gotten it's first monthly close above the neckline. There are 2 possible necklines here a descending one(notated by a dotted yellow line) and a horizontal one (orange yellow). Both price targets for a breakout from each neckline are listed. Not quite sure which one is more legit but we are now on our follow up confirmation candle on the monthly chart. Probability of a confirmed breakout has greatly increased here but we should be prepared for a retest of the neckline and also a smaller possibility of a fakeout just in case.
CRYPTOCAP:TOTAL2Long
by DrDovetail
If Double Bottom confirms Alt season is officially on!we are currently retesting the neckline of this double bottom as support. If it confirms, the altmarkets total cap value has a breakout target rise of over 70%. Need to see the current weekly candle close above the neckline. It appears a weekly goldencross is on the horizonhere so that should help increase the probability of the breakout. Untilwe see where the current weekly candle closes however a fakeout is still possible. Leaning bullish enough however to mark this idea long although as always that is -not- financial advice. Thanks for reading!
CRYPTOCAP:TOTAL2Long
by DrDovetail
Check out my old weekly chart for the alt market.This one's TA played out like true poetry. I was on my way to post a chart of an exciting double bottom pattern on the TOTAL2 (altmarket) chart and it brought back up some charting I had done on a head and shoulders (in yellow). I was saying in previous ideas over a year ago when we originally formed this big h&s patterns that based on how illogically low the breakout target is we would definitely see this pattern end up being a fakeout which would lead to at best the end of the bear market...many times a bearish head and shoulder pattern is really a bullish falling wedge in disguise and this time was no different. So I have a yellow head and shoulders pattern and a green falling wedge drawn here overlapping eachother you can see I marked the measured move target from where we broke out of the green wedge at $96. we can also see inside the smaller yellow circle, that right before we broke up from the wedge we had price send a wick below the neckline of the h&s likely trapping a bunch of naive bears..it then slingshotted itself out of the wedge and over the breakout target plummeting back into the h&s pattern a few short weeks later for one last fakeout at the neckline (as shown in the larger yellow circle) super interesting how this fakeout candle's lower wick retested the top trendline of the green wedge with absolute precision and the body of the same candle closed perfectly on the support of the neckline. After now confirming the h&s fakeout & the falling wedge breakout simultaneously we shot up to just below the horizontal resistance at 96 but above the 200 and 50 weekly mas until we finally closed a candle above that horizontal resistance after forming a bull pennant of which had a breakout target shown here at $136...upon reaching that target we surpassed our top dotted yellow resistance and will now possible look to retest it as new solidified support. We can see we are mere weeks away from a weekly golden cross which would greatly increase the probability that we maintain the dotted yellow line as solidified support. There is now a bigger pattern on a more macro scale to focus on so immediately after I post this idea I will be posting another one with only the larger pattern which is a double bottom that will also likely trigger and lead to much more upside and a confirmed bull market altseason for the alt market.
CRYPTOCAP:TOTAL2Long
by DrDovetail
2
TOTAL2 - Critical PointHello Traders! Looking at the TOTAL2 chart, we are in a critical point, if we get rejected on the upper trendline, we might expect a pullback, or a reversal of the trend. If you take a look at the daily chart, you can see that there has been a fiercely fight between the bears for almost 3 days on this area, and it seems that the bulls are finally winning, but lets see how it works out. Looking at the monthly and weekly MACD they have an upward trend, what might help to overcome the 93B critical Market cap. Hope this information is useful. Good luck!
CRYPTOCAP:TOTAL2
by sirfreakthemighty
XRP.BTC P-Modeling Pt 18. The Crippling of TearsWelcome to the future of Technical Analysis . This is Pt 18. Trial 1 on XRP's Global Ecosystem. Find the "we are here" bubble. I am most likely wrong... I think my timing on this may be slightly off. Meh . Who cares. but what... if.. good enough for me! Target bottom Buy .000004 99% capitulation scenario on XRP. HOWEVER... On April 20th, 2020. The real fun begins and we won't stop hearing about it. (rolls eyes). Come for the laughs, stay for the Art. ___________________ Think in Loops. Think in Strings. Begin to connect them. You see weird things... Oof. Tis so Pretty.. But is it functional?... That is the question of the day. Bet your ass, I am shorting this again into the ground. Despite my previous failures. Pt 1. Interesting start.. PT 11. Excellent follow thru. PT 15. EPIC Fail. Start here for sequential Model of this idea. PT 16. Failed - went sideways. PT. 17. Failed - stayed sideways. PT 18. Is the same chart as Pt 16 & 17. The only difference is a shift in the fractal to its current location. Nothing else changed. Failure is a necessary presupposition to success. Laugh with me into madness. Now for some deep thinking. Cheers. Thanks for Pondering the Unknown with Me, Glitch420 *Disclaimer: If you seizure prone, turn the brightness all the way up for extra eye bleed. This is financial advice.
Short
by Glitch420
6
EOS.BTC P-Modeling Pt 7. Matrix Spiral Laughs of Cajun Welcome to the future of Technical Analysis. This is Pt 3. Trial 1 on EOS's Global Ecosystem. Find the "we are here" bubble. I am most likely wrong... I think my timing on this may be slightly off. Meh. Who cares. but what... if.. good enough for me! Target bottom Buy .00008998 April 20th, 2020. The real fun begins. Come for the laughs, stay for the Art. ___________________ Think in Loops. Think in Strings. Begin to connect them. You see weird things... Oof. Tis so Pretty.. But is it functional?... That is the question of the day. Bet your ass, I am shorting this again into the ground. Despite my previous failures. PT 2. Meh. PT 3. Not bad.. PT 5. Failed. Hard AF. PT 6. I did better. Pt. 7 ... ?? Failure is a necessary presupposition to success. Laugh with me into madness. Now for some deep thinking. Cheers. Thanks for Pondering the Unknown with Me, Glitch420 *Disclaimer: If you seizure prone, turn the brightness all the way up for extra eye bleed. This is financial advice.
Short
by Glitch420
1
Ethereum gaining altcoin dominance?Hello All, So far, as we have seen this current market, Ethereum--previously a strong performer-- has been under performing, however, it has a strong pattern here with the chance of a classic failure swing, as the second bottom could not approach the original bottom as closely. This failure swing is denoted by the yellow strokes on the chart. There is a broadening wedge which I have been following for several months, and so far, following this pattern has been very fruitful. But, now the price action appears to be consolidating just above an important support and one of the strongest resistance trendlines for Ethereum since the move to 360. The price objective of this broadening wedge is approximately 250 which would place ETH just above a strong resistance region. We are looking for strong movements above the resistance trendline which is in magenta or purple, after there maybe a retest of the breakout, otherwise, I believe price will power through to close to 250 with very little consolidation opportunities. Currently, there is a small flag just under the resistance, and 179 is a strong support region; there is an extremely low probability for ETH to fail this breakout, and if it does, there is a great opportunity for good risk management. Also, giving me a like and a follow will help motivate me to post more! Best of luck and Stay Technical! Previous Analysis:
COINBASE:ETHUSD
by CuddlyCuddles
Total2 still leaning bullishlots of bullish pattern convergence happening on multiple timeframes here...the probability overwhelmingly favors at least a short term bull run here..but when it is this overwhelming we always have to consider a fakeout. Despite that I'm leaning long enough to mark this idea long even though a fakeout is very much still in the cards. Patience is key here. The big 3 bullish patterns are this inverse & shoulders, the bull pennant inside it's right shoulder and the impending golden cross...its also abhove key resistance lioes as well as important mas from the weekly chart. Really the most bearish thing it has going for it is that its so bullish that it could be a fakeout. Again, patience is key.
CRYPTOCAP:TOTAL2Long
by DrDovetail
Its SO PERFECTThe move is going to come like a bat out of hell/China...lol Too soon? well anyway this is a fantastic set up I feel is necessary to report as its getting ready to set itself up with another massive pump that will last anytime from one week to two weeks depending on how crazy things get for this first wave of altseason in this coming crypto bull market. Outstanding looking chart. Im in... Im sure that 2000 BTC that was JUST moved into Binance was designanted to go into the ALT market. God Speed Gents, Mr. Lucifer.
Long
by MrLucifer7
6
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
ALTCOIN Market Cap. Impressive Symmetry.This is just a quick reference to where the alt market may be heading after Bitcoin's latest sell off. To me it is impressive how the market managed to follow a downtrend that symmetrical to the uptrend of January - June. Do you think it can go all the way down to fill the pattern? Personally I see the next symmetrical Support levels as strong candidates for the start of the next uptrend based on a comparison with the previous Bull Cycle. Also the 1D MA50 should start reversing around 50.50 if it follows the symmetry.
CRYPTOCAP:TOTAL2
by TradingShot
6
VET might have a nice setup very soon. Low risk & high reward!Vechain is at the critical point right now where I believe if we break up above 42 Satoshi Vet will have a huge rally for upcoming months. Reasons to enter: 1. Massive Falling Wedge on the weekly and VET at the bottom of its boundaries. 2. Bullish RSI divergence on Daily. Bears are losing steam. 3. Selling volume is decreasing. 4. Great R/R for long term investment. Strategy: Wonderful Risk/Reward Ratio = Target1 -> 10.13 or Target 2 -> 14.38 or Target 3 -> 27.63 Entry: around 0.00000042 Stop loss: 0.00000034 Target 1: 0.00000123 Target 2: 0.00000158 Target 3: 0.00000262 It is better to wait for the price to break out small resistance at 42 Satoshi and then enter the long on a retest of that level. Entering right now at 39 Satoshi is a bit riskier. I would take initial BTC entry value as your profit at Target 1. And let the rest run risk-free towards Target 2 or Target 3. Please take a look at my trading idea "A relief rally for ALTS is incoming!" where I explain why I think ALTS are due for a big bounce. Trade safe!
Long
by TheDinoChart
3
Bitcoin vs Altcoin Market Dominance.The market dominance of Bitcoin is at a 2019 High having reached the 2018 Highs this week. With the RSI breaking over 70.000 it has completed a cup formation a relief consolidation is expected. The alt market dominance is past its 2018 Lows approaching the 2017 levels. The equilibrium of the two market dominance markers is close to be achieved and since April 2017 it has been working in favor of the alt market and there is no reason to expect something different this time. We expect Bitcoin to slow down its aggressive rise for the following 1 - 2 months while the Alt coins gain relatively. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CRYPTOCAP:BTC.D
by InvestingScope
9