Altmarket
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!
Xrp /// altmarket bubbleJust recently discovered this, but now its pretty obvious whats going on. this fits for other alts too. btc sure will suffer too in this drop but maybe not as much as alts (bottom at 4k?)
i was clearly too much focused on log mode in the past when the obvious is only noticeable in non log mode >.>
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.
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.
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:
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.
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.
bitcoin short term forecast #XBT Update
After Yesterday Fud+Rejection Price Dumped From 7800$+ Level To 7200$ Level..Its Almost 600$ Dump In A Day. Price Now Holding Under Local Resistance Which Was A Havvy Resistance Before. If 4H Candle Stay Above 7400$ Then We Can See A Upward Movement From Here Till Next Resistance 7600$ .Otherwise We May See Another Dump Till 7000-7050$ Long Term Support Line.
So We Need To See Next 4H Candles Reaction.
good Luck
Css TEam
@cryptospecialsignal
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.
weekly totak2 chart (altcoins) finally confirming h&s fakeout?As anticipated in my last total2 chart months ago, it appears like the weekly h&s pattern with the breakdown target of negative 10.7 billion will indeed be a fakeout. Who could have ever guessed such a thing? :P of course, it 1st needs to flip the weekly 50ma to solidified support but that seems likely to happen within the next week or 2 and then alt season can finally begin!
ALT MCAP FALLING WEDGE!ALT MCAP seems to be in a falling wedge pattern,which is bullish.
Alt season or I would rather say mini Alt season is expected if it successfully breaks out upwards.
for it to breakout upwards , BTC has to consolidate at some point with a significant decrease in BTC dominance.
ALTCOIN MARKET CAP CHART. ALT SEASON COMING?Very similar pattern playing out right now to that of 2014 to 2016 on the Altcoin Marketcap!
Same wave patterns and very similar time duration's on the downtrend cycle of the bear markets.
Alt season should be starting within the next few weeks, around the 21st October.
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.
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!
Alt marketcap relief pump Alt Marketcap is on temporary pullback and most likely have relief pump in coming days.
Be wary of this alt run and dont go all in as most likely it would continue with massive drop .
Stay safe.
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.
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Comments and likes are greatly appreciated.
#ALTSEASON soon? ALT-MARKETcap starting to rise again!!! Hi crypto-financial-partners!
It seems a possible #ALTSEASON very soon.
Why?
CryptoMarketcap is now is breaking a BULL FLAG and the GOLDEN CROSS !!! GOLDEN CROSS + BREAKING the BULL FLAG in ALTCOINs MARKETCAP
Which is your target?
Let me know your target commenting the post and enjoy next #ALTSEASON
If you think I am wrong, let me know with your idea!!
Thanks for reading!
A Storm is brewin' - And I think we're all sick of winter storms I've read some commenters who feel we are in a channel and they've been profiting on it. I say kudos to you as this "channel" is most decidedly a converging triangle.
BTC making some moves this week, where they lead to nobody knows yet, BUT, we will likely determine the lifeline of STORM in the next couple of weeks (maybe sooner)
The two scenarios played out come to a head no later than February 27th for option one, and March 7th for option 2. You can see these dates by hovering over the chart and finding the very tip of the triangle.
Follow the squeeze! Up or down? Death or rebirth? Drop me a like and a line!
6 minuet update and discussionBASIS.. Uptrend reversal potential still in play. Looking at 14 days to find reversal emergence.
Alt market should be heating up very nicely and even if we get hit with 5 % TOP COIN drop days there will be opportunities for recovery.
BTC Target 3650 within 14 days.
Fairly strong support backing up sideways action within 10% swing from current position.
Market Update for both BTC and ALTSBased on what has happened in previous times, the current market sentiment and the fundamentals coming ahead. I think this migh be a scenario to consider.
