Alts MarketCap Ideaalts mc did a retracement to 1.618 fib level after BTC dump and now forming this ascending triangle and it's about to break out in 4H timeframe if a daily candle close above the 2.618 fib level but if it reject by this level it can retest the support line again
also in 4h timeframe, it's moving above all major emas
I expect alts mc reach to the green line as a target in the next few days or week
in general, alts looking good, and dominance is about to break the 50% and it's like alt season is more possible but only if btc not dumping more then alts should be good in the next few days
Altmarketcap
btc marketcap forming base over our horizontal Supportbtc.d is consolidating over our horizontal support. breaking down is ideal siuation for alt flighs. regardless of btc.d money pouring into altcap, it is on a tear watch alt cap for possible alt market reversal in ltfs.
btc.d going up and alt marketcap retreating should be a possible alt top indicator. untill then all is fine for alts imo.
btc marketcap hit ~63 channel R retreating. alts timebtc.d is forming a rejection in our ltf chart now saving alts set up for now. hit our channel R rejection forming turing direction.
alt marketcap total2 flipping diagonal Resistance
BTC ascending from channel bottom
btc & alts safe atleast in ltf till any significant whale activity
Alt Market Cap Recovery from February It has recovered from February Dump. It looks like a broader range but I do not think of it like a range as I dont expect a pandemic like situation again and technically it will be flawed IMO. Normally, we expect the Market Cap to fall from here but I better wait till it get there as Equal chances of trend resumption and reversal.
Market has recovered approximately from Feb-March Dump. All of the chart looks like a Range and considering that Dump for another Leg Down will not be my cup of tea. I respect the probability of resuming the action which was there before Market Dump.
Currently, I am expecting to start a Bear Leg. It can be from Blue Box or from current level till Red Channel Resistance.
Alts MCAP, a step back before new highsHey guys welcome for a fresh crypto update, please like and follow to support us
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so you see here in this chart that alts mcap has already broken the long term trend coming all the way from 2018, connecting 2019s highs and most likely this short term pullback will give you a great opportunity to load your favorite alts
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as we've already broken the 100 bill key level, i think we are seeing this market below 100bill for the last time, you see how perfectly alts mcap has respected all the resistance and support zones marked as white areas
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so better you keep HODL your alts bag for this season maybe you'll get your lambo soon:)
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Bitcoin Dominance heading towards 60Hey guys welcome for a fresh crypto update, please like and follow to support us
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now that's a really great news for altcoin MCap as Bitcoin dominance has fallen rapidly in past few days and we've seen enormous growth in top alts
a very positive sign for 2020s altseason
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you see the support zone coming all the way from jan 2018 has broken now and major moving averages like 200DMA, 51EMA and 21 EMA has now turned to be bearish
also the key level 67% has also broken earlier this jan
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meanwhile a short term of pullback we can see due to recent drop in Bitcoin which will cause a lil more bleed in alts but allover dominance is falling and targeting 60% level, so most likely this feb or march could be a great month for alts
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For the most profitable premium trading services DM me or contact me through twitter or telegram
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this is Husain Zabir, signing out
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Alt Market Cap Pull BackYou guys had your fun, I see a pull back on the total alt market. We are facing heavy resistance here, we are still in a downward channel which Bitcoin has broken out of. We are still creating lower highs and many alts have done some nice moves, a lot of people are pouring their money into them instead of ALTS. Be careful and always use a stop loss.
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.
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.