ALTPARTY
ALT Party Coming?BTC.D Daily charts reached to top as I told you on other idea linked below..
If TODAYS's candle closes below 64.7 that means the rejection price action for the bull move on BTC.D and I'll open positions on Strong Alt-Coins..
Something really important that you shouldn't forget on these important US elections.. that the market is under the influence of strong fundamental news.. So I strongly recommend you if you want to open positions even on Bitcoin or ALTs.. Please consider your STOP-LOSS close to where you open your position.. this will protect you from fundamental news that will suddenly dump the price..
This is my idea.. What do you think..
POSSIBLE 3X... SKY IS CLEARThis is the trade that i took. Decent correction phase occur almost 300 days. Now it should push higher targets. Follow for more.
DOUBLE BTC WITH XTZThis chart is nothing but bullish. More than 130% roi in terms of BTC. Once it break the trendline moon mission will start. It can take more than 2 or 3 months to realize but hey doubling is not very common. Invalidation is stop point under wave 1 of 3rd. No financial advice this is my trading plan.
MORE THAN 111% ROIAs you see Strat broke its accumulation range. It's accumulating more than a year. I found same pattern that already paid enough.
Which is Zilliqa/BTC here:
It's accumulated almost 300 days. Then broke this zone and retested. Then skyrocketed. I am waiting same results from Strat/BTC. Doubling my btc is very possible. I will stop if accumulation range is broken to the downside.
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TRIPLING BTC WITH ETCHi everyone. I was searching for possible altcoin that i can invest and i saw that. I think it can go 3x with that price. Count on chart.
More than 14 R:R which is insane.
You SHOULD see what i did on LINK :
and also you SHOULD see how i call altparty before anyone else here;
Follow for more!
[+100% ROI] HARD TO NOT BE BULLISH ON LINKI told you about i have some bags on altcoins. Because i am waiting for altparty.
Btc pairs looks done for correction. I will post them later but i want to post one of my investment.
Which is Chainlink.
I bought it from several months ago and still holding because when you look at this chart hard to not be bullish.
In big picture correction finished. AND he gearing up for kicker move. First stop will be over $8.00
Then we can look with detail after that. Until then it will be stay as my investment rather than trade.
This is not trading advice. I am just showing that how you can use elliot wave for your investments.
Follow for more.
READY FOR ALTPARY?I can see there will be chance for altparty. Bitcoin finished his story (Halving)
I think won't be huge red candles anymore. Thats why floor available for alts.
I can see altpaty until until August. 2 or 3 months altparty will be really good for day traders.
I have some bags. I will do some analysis one by one. Follow for them
is it the time we're waiting for?is it altparty?let me answer that question simple; yes it's almost party but why?
here is what I'm thinking:
as we know in last few weeks when btc pumped alt even pumped harder than bitcoin that we had a good altparty but small and ofcourse when king dumped they dumped harde as usual
so everything depends on btc if we have a pump wich is coming we can see a nice altparty get ready for halving guys
ARE YOU READY FOR ALTPARTY?First of all, i do some of my analysis for near future to going one step ahead from market.
This is one of them.
According my analysis and my experience, BTC is real hero in the market.
The others are shaping according to BTC. We can see clearly on the chart. Let's start.
9 July 2016: We saw little drop on dominance after halving while BTC is correcting.
But we didn't see altparty because of BTC's mission is not done yet.
4 Jan 2017: BTC hit previous ATH (All Time High) after more than 3 years.
Dominance didn't change much. Because BTC is still volatile.
It means smart money loves volatile product to make more profit.
10 Mar 2017: We saw clear FIRST BIG corrective moves from BTC after made new ATH.
This sell-off means BTC will correct ALL uptrend so less volatile days are coming.
Then, time for altparty because BTC become more riskier than any asset on the market.
Dominance dropped significantly and BTC did still OK.
Important thing here;
BTC did still OK when it's in correction because NEW money come to BTC because it broke ATH and it's ALL OVER THE NEWS.
While smart money already bought cheap altcoins.
Conclusion;
I am not waiting for real "altparty" until BTC hit ATH. (I think it will hit ATH in 15 months)
It's not mean that i am not gonna buy cheap altcoins.
I am accumulating some of altcoins and will go all in when BTC hit ATH.
No financial advice here. This is brainstorming. Thats all. Thanks for reading. Follow, share and like for one step ahead from anybody ;)
You can look my BTC halving prediction and New ATH level prediction from related ideas.
If XRP Moons, Where is the Top?*Not trading advice*
There is increasing chatter about an upcoming altparty, and I believe it may get underway sooner than many expect.
How high will the XRPBTC price go? Let's take a look at how things played out in September of 2018 (check my linked idea for reasoning as to why this may be the best model for what to expect this time).
We see sustained slowly ascending sideways price movement (green arrow) that looks very similar to the current situation. Once the price breaks the yellow resistance it surges up past the daily 50 EMA (green) and then uses the 50 EMA as a support, consolidating for the next move up. The second move pushes past the daily 200 EMA (blue) and again consolidates, though for a shorter period of time.
What is notable about the final explosive move is that the volume is enormous and really stands out from the prior candles.
I will be looking to see whether the XRPBTC price action follows this pattern. If it does, I will be looking to sell once I see that huge green candle forming. If the price action deviates from this pattern, that should provide some insight as to where the peak will be and I will adjust my target accordingly. In particular, if the initial price surge fails to cleanly breach the daily 50 EMA, that will signal a lower final target.
Also note how, after the peak and the price falls out of the pennant, the price bounces up hard off the 200 EMA. That may be a great opportunity for some added profit.
Now I have a two questions for all of you fellow traders:
- Where do you think the peak price is likely to be?
- More importantly, what indicators or method are you using to calculate that value or range?
XRPBTC Appears Just About Ready to Liftoff* Not trading advice **
Let's consider what the future holds for Ripple by first looking at the overall crypto market.
There are three dominant memes, each of which I believe is overblown:
"The investor class is making big moves into Bitcoin , price headed to 350k plus"
The first part appears to be true, and one indicator is that Bitcoin price appreciated unusually fast from early April to late June, much more rapidly that was expected based on historic trends. Facebook's Libra and all the financial instruments that relate to crypto have been very helpful for Bitcoin's price.
I saw lots of ideas saying that in the near term Bitcoin would surge to 18k or 20k and test ATH . Also lots of ideas arguing that Bitcoin will head to 350k or more by the end of this cycle, based on drawing trend lines onto the Bitcoin log chart and assuming the pattern will play out the same way in the future.
This Bitcoin correction, which looks fairly normal, has convinced me that there isn't as much rocket fuel under Bitcoin as people have been saying. Overall, I expect the next Bitcoin ATH to be 50k+, but it may take longer to get there than people think.
"Alts are dead"
I am going to distinguish three types of crypto assets. Bitcoin is the king, Ethereum , Litecoin, Ripple and a few others are "majors", and the rest are "minors".
We saw the minors lose nearly all their value during the recent crypto-apocalypse. I think the lesson here is not that alts are dead, but that people are going to be more cautious about trading or investing in the minors. Bitcoin and the majors should do well barring some enormous black swan event.
"Ripple sucks/is dead"
I am going to sidestep the libertarian critique of Ripple. It does have some merit, but violating libertarian ideals doesn't mean Ripple is doomed. In fact, it might be here to stay for the long run.
Overall, I think that the market is more normal than people think and that the most optimistic and pessimistic predictions about Bitcoin and Ripple price are very unlikely to play out. The minors are unlikely to shine until the next big mania phase.
*Based on log price chart pattern XRPUSD is going to $35*
Only if Bitcoin sees a thrity-fold increase in price, and that is not happening anytime soon!
Let's turn to the big questions surrounding Ripple.
Question #1: Will we see a price surge and when will it happen?
We certainly should if the crypto market is more or less normal. Looking back over past charts, it appears that the BTC value of alts generally spikes in three circumstances. First, toward the latter end of a Bitcon mania phase (see Dec 17 to Jan 18). Second, as Bitcoin is correcting with fairly low volatility sideways price movement (ex., mid Sept 2018 and May 2019), and third when Bitcoin craters then it and alts generally surge up together. Alts don't do well when Bitcoin is surging up or down outside of a mania phase or Bitcoin cratering.
I think the next XRP run is going to happen fairly soon, perhaps within two weeks or so. The current price action seems very similar to where we were in Sept 2018. Some people are looking at when XRP cratered prior to the huge mania run in Dec 2017, but I don't believe we are pre-mania phase, making that comparison more tenuous.
In the near term, the XRPBTC and XRPUSD price are heading up to challenge important resistances and may get there around the same time. If that occurs and they break through XRP should moon.
And there is a beautiful RSI bullish divergence on the daily.
Question #2: If Ripple spikes, how high will it go?
This is difficult because we can't assume that Ripple will spike to the same degree as in prior runs. My plan is to work off of a more conservative estimate.
Bitcoin currently has 10 times the marketcap of Ripple. So if Bitcoin is going to range sideways until the alt party is over, that places a limit on how high the XRPBTC value can go. No chance Ripple is going to approach Bitcoin's marketcap. That still leaves a fair amount of room for Ripple to head up.
My thought is that Ripple might make about 8000 satoshi, which puts the price right under the ichimoku cloud on the weekly chart. If Bitcoin is valued at about 10k, that means $.80 Ripple, very reasonable. If XRP falls off the 2800 sat support then all bets are off. I have a hard time believing that will happen because of what the collapse of major coin prices would mean for market confidence as a whole.
This is my first idea! Please let me know if you like it!
$GAME solid altcoin party pickA very strong area for accumulation based on previous resistance. Should be a good buy.
Target indicated on the horizontal line indicated at the chart based on previous resistance
$GNT sexy accumulation boxRSI hidden bull div. Downtrend slowing down. Hell, it might have stopped already. When volume kicks in, $GNT might be the early bird.