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ALTS MARKET CAP ANALYSIS Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. As we can see in the chart total market cap makes this descending channel pattern and Breakout the upper residence but for confirmation, we need to close the daily candle upside to the upper resistance of the channel. so let's wait and see how the daily candle closes. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you
CRYPTOCAP:TOTAL2
by CRYPTOMOJO_TA
2
ALTS Preparing For Correction, After tht 1Trillion Dollar MCAP.Hello Dear Traders, In last Post i disscussd about btc trading in falling channel. Now we will discuss what's cooking in ALTS MARKETCAP, In chart u can see when alts mcap tested 880B Mark immediately we seen sell off in alts. on daily timeframe big red candle formed and after tht quickly alts regained bullish momentum. BTC dominance Tested 55%, Dominance below 60% is great for alts. bt as we seen frm so many days dominance was continuously drooping finally when it tested 55% mark we seen solid support. i m expecting BTC dominance will rise from here and test again 60% mark. Alts mcap is also looking very much exhausted, we need healthy correction, next strong demand will come at 650B mcap. after tht alts will again pump hard and will cross iconic 1 Trillion dollar marketcap. Dont go heavy in alts, wait for correction.
CRYPTOCAP:TOTAL2
by mbn_global
2
Altseason is overWe are watching the Bitcoin dominance chart. There is every reason to believe that the altcoin season will terminate this year. Highlighted features: 1) Chart large spikes indicate high volatility and market uncertainty 2) Around 60% support level is reached, the rebound has already started 3) Since 2017 the price channel's bottom has been reached as well as the price channel's bottom since July 2019 (red highlighted). Commonly, all these factors indicate a very high probability of Bitcoin's dominance increasing. Plus, the alts have already won back their rapid growth, the correction is a logical continuation of the market cycle.
CRYPTOCAP:BTC.D
by I.T.Analytics
3
BTC Dominance falling, potential to hit 51%?After reaching a double top on both the price and the RSI on the monthly chart, the Bitcoin Dominance has declined sharply. This resulted in BTCD falling out of a rising wedge or descending channel, whichever way you want to look at it. Following this move, we are breaking the first monthly support at around 63.6. The next 2 monthly supports are at 58 and 51.5%. Will we reach 51%? After this, supports are in the lower 40 area. What strengthens this trend shift is that it's accompanied by many bullish signs for the altcoin marketcap, such as a multi-year pattern breakout which could rise further from 108 billion to 225 billion in the coming months (Also, see my daily fractal and monthly fractal shared in early January.
CRYPTOCAP:BTC.DLong
by Nick010
#Altseason 2020 IS UPON US - See it for YOURSELF! I hope you are ready for what is about to come everyone. This is probably one of the clearest paint of what is to come in the near couple of months. I am not going to write an extensive review as the chart is clear as a day. My position based on what I am seen is that is time to start calling in. $BTC is bound to rally in the months to come an take the whole market with it. Retail will fomo in as they always do. Be wise, be early, and stay responsible when trading. I expect bitcoin to slow down sometime after it hits $12k+ in the weeks to come and altcoins to start surging as it has for the past month. $25B has re-entered the very depressed 2 year bear market. Not financial advice but it is coming and it will be 3x bigger than it was in 2017. Happy trading! I will share the same chart Inverted! It paints an even better picture.
CRYPTOCAP:TOTAL2Long
by CryptoBitShow
Altcoinmarket has bottomed out, bullish fractal will play out?The altcoin market seems to have bottomed out. Looking at basic support and resistance on the monthly, we see that we bounced off the strongest support in the altcoin market of 54 billion USD, which had touches of 8 monthly candles (opens, closes and wicks). In addition to this, January is showing us a monthly bullish engulfing candle so far. The last time the monthly bullishly engulfed at the bottom, the altcoin market grew 233%. This monthly fractal strengthens the bullish altcoins fractal on the Daily chart I shared on January 12.
CRYPTOCAP:TOTAL2Long
by Nick010
XRP entered BULL Market ! Here is the proofWhen you look at the chart, you can clearly say that every time when xrp brakes above the senkouspanB line (Which is the red border of Ichimoku Cloud) it moves faster than a rocket. Also when it goes below that line things are getting bad. Last time xrp went below that line it was Jan 2019 and now xrp is above that line again :) That means, after 10 months xrp/btc began to breathe comfortably. As long as we stay above that critical senkouspanB line we are cool and it is a good buying signal for me. At any moment, as in previous periods xrp/btc can make sudden upward attacks. If you decide to buy, do not for get to set your stop loss below that red line. Note : This is not a financial advice, just my personal opinion.
Long
by benjiscalps
3
Altseason never Dies comming Soon a surpriseHistory repeats itself only any altcoin is a simple math question who has more units changes the price to very up when he wants to sell and can change to down when he wants to buy and reload In either mode, he always has to have more than 70% of the existing coins, ie mathematical logic to win the game every time. He himself pushes everyone into the hell and just waits for everyone to drop off the cliff And guess who is down there to get all your coins very cheap? They Who are they ? Damn exchange Many of them have comminication with each other , and set these obvious manipulation strategies They set this whole trap to get you
Long
by MasterPlayer
Decred (DCR) Primed for Trend Reversal, LONG PositionLooking at the long term log chart for Decred/BTC, what do we see? We see that we're now touching a line that has been touched 4 times now, so it has a strong "magnetic pull" both + and -, we're bouncing off of that line now We see that if now is the time of reversal, a possible target before retracement is the previous ~0.018 BTC ATH DCR fundamentals (development, characteristics) should position it as a top 10 crypto in the future, because of its unique hybrid design Moreover, "staking-as-a-service" seems to be gaining traction (Coinbase, Staking.us, etc.) and DCR could lead that trend If you observe popular crypto personalities and traders, many like Murad Mahmudov begin speaking about Decred as the only competition to BTC This is a unique chance to catch DCR before it gets big.
Long
by Tivra
2
ALTS Excluding BTC-EXPECT APRIL FLOWERS & MAY SHOWERSHere we have CRYPTOCAP:TOTAL2 on the 3 Day chart and we've encountered some resistance at the 100 EMA. Profit taking, retrace and then continued growth throughout the month IMO. April has been a historically great month for many Alts in the past and is looking to offer a repeat, but look at locking in those gains before the macro market retrace/correction. In my opinion, after this month, BTFD will be a profitable slogan AGAIN for much of the cryptocurrency market.
CRYPTOCAP:TOTAL2Long
by StakeStack