This is Time To Enter in ALTS COINS..& Book Quick Profits.Hello Dear Traders,
after major collapse in alts , alts marketcap is becoming green again. its time to buy cheap alts for short term profits. why short term profits only???? bcoz last weekly candle on total2 was extremely bearish also bitcoin dominance is increasing rapidly. upcoming days of alts will be not like recent altseason. market dynamics are changed completely.
Dont Hold for longterm... i m expecting alts macap will again test 1.3 trillions dollars mark again. when see total 2 is testing 1.3T immediately make plan for profit booking.
"ONLY INVEST IN TOP 50 COIN"
Altseason2018
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.
ETHUSD: Is It 'Moon Mission' or just a Fakeout?It seems ETH is trying to breakout $200 level and there is a clear bullish trend on the daily. It depends of BTCUSD will it be able to crush this resistance or not
I don't take this trade (don't trade breakouts), just observing from the sidelines.
Information is just for educational purposes, never financial advice. Always do your own research.
ICXBTC: Change of Trend or Bull TrapNot a big fan of alts, but ICX caught my attention. Price soared into weekly resistance and I think it's time to take profits or even enter a short position (if it'll be possible), I'm expecting some retrace from these levels.
Otherwise, weekly close above red zone will tell us about strong trend and a possible long opportunity
Information is just for educational purposes, never financial advice. Always do your own research.
Bitcoin BTC x10 or altcoin x1000 it's your call. #altseasonAltseason are bottomed now in bullish macd and starting to rise.
You can do with btc max. x10 from now until halving and with altcoins x1000 until next summer.
Choose some good undervalued coins.
Invest 10k $ and do 1Mn $(x100) in under 12months. let's do it!
Average price of bitcoin against the American stock marketSince I'm lazy, here's what I said on twitter: "Due to the stock market opening lower than it closed yesterday, this chart that takes into account the average price of #bitcoin against the sum of $DJI $NDX and $SPX opened exactly at the 200 day moving average, rising as the day progresses... A $BTC target ~$13k based on this"
I've been noticing clear inverse correlation with the American stock market and bitcoin(along with the inverse correlation with DXY). After realizing it was possible to form charts out of formulas using other charts as variables, I decided it would be very interesting to weight the American stock market against the average price of bitcoin across the 10 most significant exchanges according to me.
Unfortunately for the no coiners, I've been anticipating a significant recession that adds fuel to the next bitcoin bull run(see related ideas).
BCH Fork War - BCHABC vs BCHSV vs the Sum of the TwoJust a follow-up to my "BCH fork action appended to pre-fork data," now that coinbase has finally started trading it again. No surprise to me that there was a big volume spike in BTC(and possibly/hopefully a long-term bottom) about a half hour before they finally tweeted their intentions to resume trading it soon(and give the BCH ticker to BCHABC). I believe the hashrate war had a huge impact on the entire cyrypto market, but I also believe it will be basically over with sooner than most people anticipate while BTC recovers a lot faster than most analysts are predicting.
My friend made a an interactive 15 min version:
My personalized bitcoin index (factoring in USDT fluctuations)It averages the price across 9 exchanges, while calculating the actual USD value of bitcoin in USDT markets by multiplying the respective exchange rates by the value of USDT according to Kraken.
Here's the formula for the chart in case anyone wants to use it themselves: (COINBASE:BTCUSD+BITSTAMP:BTCUSD+GEMINI:BTCUSD+POLONIEX:BTCUSDT*KRAKEN:USDTUSD+BITFINEX:BTCUSD*KRAKEN:USDTUSD+BINANCE:BTCUSDT*KRAKEN:USDTUSD+BITTREX:BTCUSDT*KRAKEN:USDTUSD+OKCOIN:BTCUSD+HITBTC:BTCUSD)/9
See related ideas(or find me on twitter/facebook/steemit) for more reasons why I'm so bullish.
The chart should pretty much speak for itself, breakout of a falling wedge...
PIVX at the PRZ of a bullish crab... is it FINALLY time to go?!I've been HODLing the whole way down, but the bullish bat on PIVX's binance chart was technically invalidated almost 24 hours ago. Still HODLing for dear life...
I'll follow up with a better chart including targets beyond points A, B, and C in the future if this one plays out well.
I'm for the BULLS!Watching BTC to see how we react off of this old channel top again...(If we drop!) Critical Breakout point. Should see solid support in green zone. We could still truncate into middle, and capitulation or more down is still a real threat until we are confirmed Bull Market. WE ARE SO CLOSE!
Which arrow do you think is coming?
Short-term bullish cypher pattern on BATStill pretty close to the PRZ of the longer-term bullish Gartley too(see "related ideas").
The left fib extension validates that point C hit at least the 1.13 extension of XA, and the right fib extension is a clone of the same extension, starting from the PRZ(point D) instead.
Interesting 4h frame unfoldingAlthough BTC is looking pretty bad, the 4H frame tell us another story, where our hope of bounce is getting stronger. senkou span B is currently providing support i am expecting a bounce from
such a strong support. weak piercing pattern is forming andthe next candles will provide the confirmation, if confirmed, target will be senkou span A (7.8k).
If btc close below this support will be a free fall down to 6.8k. Also looking at various indicators i can spot a bullish divergence, creating conflict in price and momentum reinforcing the idea of a bounce back up to test 7.7k.Another pattern seems to be in play which again add a point to the bounce, a falling wedge pattern, which is usually a reversal pattern giving us a 64% chance of a move up. I am pretty confident a bounce will occur with such a strong sign spotted in the 4h frame, however the price may readjust consolidating above this support, if this would be the case, than a leg lower 6.8k is expected. Today is the judgment day for BTC. bulls last hope is in play, let's see. Always looking a candles to spot the right entry.
Last standing hope for btcBTC has change direction quite sharply, leaving a lot of people in disbelief, including me. the OKex huge liquidation of 430 million has drive price down, threatening the strength of the bulls. we had a key level at 7394 which it looks like bulls are struggling to defend. However BTC is still holding the last strong support (7277) which is a confluence of the tenkan and 0.5 fib level, breaking that would be the sign that btc is back in a downtrend and the final target will be 5.8k. Despite this bearish outlook it looks like we have a small bullish divergence in the disparity index, if we have a confirmation from the candles a bounce would be expected to 7.5k-7.7k. The RSI has quickly turned bearish and looks like the main support is not gonna hold. However we are all holding our breath waiting for the SEC decision on a possible BTC etf. the 1 D chart lookf pretty bad overall but a dig into smaller timeframe is needed to properly asses the situation. btc needs to bounce today and at least over 7.7 to give me fully hope of a possible uptrend continuation to 9k (a bounce above 7.7k would form a morning star pattern) . one thing to not forget we have a huge wall at 8k due to the okex 430 m liquidation. Still bullish with a small position until confirmation below 7277 (7277-7.4 k is a NO trade zone right now, unless you have an aggressive strategy).
Another harmonic pattern on binance's PIVX chartThis is a pretty decent "bat" pattern, I believe. On the USD chart at bittrex, PIVX has recently bounced off of a 1.13 extension of a long-term impulse leg that started at the beginning of the year(and finally crossed back above $2). The lower it went, the more bullish I got. BTCUSDSHORTS and BTCUSDLONGS have been playing out as I've been expecting and the price action of BTC is finally starting to catch up with them. Growing all the more confident we're finally in bull mode again.
$Poe is always one of my first bag to pump pre alt season...Huge hourly candle. will post a more in depth analysis later . keep an eye on your ALTS.
Potential short-term bullish butterfly in EOS calls for ~7% dropI'm still long on EOS in the long-term, but very short-term and possibly medium term bearish. The bottom of the potential butterfly pattern would form a medium-term double bottom if price reverses at point D.
The green zone is my "ideal accumulation zone" from past analysis linked to in "related ideas" - an zone I suspect is quite possible after the hype of the airdrops dies off.
This bullish butterfly follows the longer-term bullish bat formation that I pointed in my recent YouTube video (88xxiTbKdMg), point A of the butterfly just barely meeting conservative target B of the bat pattern.
2018-6-18 NAVBTC LONG (long term) big volumes entering on NAV!Let's start saying something: Last time I decided BTC wasn't going to
decline anymore and that was a really good time to start playing again
with ALTs, I got REKT! That time I thought BTC was going to make a triple
bottom (so we were in a good support) so I entered XMR and NEO.
The day after, BTC keep falling and i got stopped in both positions.
That said, today I decided I think BTC isn't going to decline anymore and
that was a really good time to start playing again with ALTs. Of course I
do think BTC will go down a little in the near future (maybe tomorrow), but
I think it found it's bottom for now and we're going to have some mid term
uptrend.
Let's go to the setup: NAV have been in a huge downtrend since the famous
big bull run of 17/dec. It have felt impressive 80% (facing BTC, I prefer
not calculating against USD, lol). It's price action has formed a huge
falling wedge (which is a bullish pattern), its RSI and MACD have formed
bullish divergences (these are bullish reversal patterns that indicates
bears are losing power). Its RSI have entered in the oversold zone (the
last time it have been there, we've got more than 30% after reversal).
And the most important: did you guys notice that huge increase in volume?
Let me say something, have you ever got furious for not having bought
that one coin that made that huge announcement that made it reach the
stars in one candle? Well, I'm not saying it will make any announcement,
it's just that usually big market players have this news first, and they
start buying, and volume is the footprint of whales! Yes they do have foot,
shtthfckup!
So, as always, this is not financial advice! You should not buy anything
anyone told you to, but I bought what this chart told me to. I've put a
stop-loss 10% below just in case BTC decide to fuck things again. But, if
my belief about BTC bottoms is right, we are going up
NEOBTC LONG NEOBTC have been inside a falling wedge (which is a bullish reversal pattern) for the past week, today it broke the pattern
for the up side and made a throwback (testing support, former resistance). The strategy here is simple: I'm going to buy this support
and profit from the new uptrend. The risk here is quite small, just 1%, since I'm placing the stop-loss below the last low.
The MACD already made a bullish cross, RSI is near from it's average, it already made a cross but returned to the down side. If
it managed to go up again, it will be another confirmation of the new trend.
I expect this position to be very profitable if BTC keep rising for a while. All we have to do now is wait. Let's see how NEO is going
to act from now on...
Stop-loss: 0.006779
Entry: 0.006854
Profit: 0.00734
Money management
Volume: 3% of main capital
Risk: 1%
Reward: 7%
This is my trading record. Never forget $DYOR Do your own research