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Altseason2019

Alt Season lurks around the corner? Here we go!Good day traders, Someone on Twitter had a request in regard to BTC dominance so here is my analysis. Previously, I counted the rise in BTC's dominance as a five wave structure but something just didn't felt right so I've changed my mind in regard to the count. But don't worry, the outcome is still the same: We are near a turn As you can see, I'm counting the upward correction as a double three, aka a double zigzag , labeled as WXY. W was a nice three wave structure where C was 123.6% of A X was a pretty nasty triangle which we Ellioticians label as ABCDE The current wave (Y) is also a three wave structure that is near its end. I can count 7 swings The rise in Bitcoin's dominance is actually a bullish reaction in a bear trend. We label this a 'B wave'. Most people don't know this but a double three is pretty common as a B-wave. So that's why I changed my mind about that five wave count. All systems go? Nope, not quite yet. I still expect some minor rise in BTC's dominance during the next few days. I'm targeting the zone between 69.89% and 73.23% to see a top out. I prefer 69.89% though but we all know that Mr. Market has it's own will so we have to wait and see where it strands eventually. Although, there are quite some signals that 69.89% could be the top. Look at the bearish divergence in the RSI Channel resistance Horizontal resistance at 69.83% where we previously saw a reversal Another notable thing is that we are inside the golden pocket zone. Meaning that we've retraced 61.8%-65.8% of previous alt season. Which is usual a good spot to expect a turn. Conclusion: Alt season lurks around the corner. Good luck out there!
CRYPTOCAP:BTC.DShort
by ferGOD
1
Macro View For TEZOS $XTZ - After a retest of the all-time lowMy original assumption that HitBTC data was a good indicator of where Tezos should go was validated. It is clear to me now that this market is in fact taking into account the IOU trading patterns. The validation was finally presented once we took a nose dive and bounce right off of the initial IOU all time low back in 2017. I am feeling extremely bullish on TEZOS, since reading the tweet from Elevated Returns Investment, President, Stepahne De Baets confirming having filed the STO paperwork to launch the so awaited $1 billion dollar real estate security tokenization on Tezos. He said and I quote "paperwork is filed, now only pending on Thailands authorities approval". "It will launch before EOY." This is no joke ladies & gentlemen. We are going to take off and long be hold, Bakkt kicks off on September 23, with coinbase holding most of all the custody funds lol! BOOM! This will be a walk in the park for Tezos, no brainer of an investment through Coinbase Custody. Most people in crypto will by taken by surprise when the price pops! It will be a huge spike due to low circulating supply and high demand be institutional investors. They want a project that is highly decentralized, immutable and that has money to keep on going! Tezos has $650m in reserves, huge STOS deals worth over $2b this year alone and the biggest custodian support with over 460 nodes. BANG BANG BANG! SAY NO MORE! Finally, I like to reiterate once again that since confirming Tezos is indeed following the old IOU HITBTC pattern. I charted my targets on a larger timeframe, as it pointless to look at any other timeframe, 3 days. I expect October to be our biggest move to date setting the tone for the FOMO to come. Follow the money! These targets will get blasted through soon or later. Happy trading and cheers.
Long
by CryptoBitShow
6
High probability that Alts will moon around Mid-september.There is a high probability that Alts will moon around mid-september. What you see here is the total market capitalization of all crypto excluding BTC. If we see a bounce from this low-volume node (outer-extreme/outlier) it will return back the ''value area'' also known as interquartile range in statistics. The probability of that happening is 69%. And there positive bullish divergence, price lower low / on balance volume higher high. If price falls below support marked by the green box, that means we're going back to the ''accumulation zone'' - Bellcurve 1 however that makes zero sense unless we're in the testing supply phase according to wyckoffian logic.
CRYPTOCAP:TOTAL2
by UnknownUnicorn2422321
3
Ravencoin LONG [726% PP]Here we have a long opportunity for Ravencoin assuming 310 sat level was bottom. We may see a retest of the 310-320 sat zone, however as of right now the 1D chart is creating higher lows and MACD is looking bullish . This could potentially be the final wave of RVN before another serious correction, which I am assuming will happen as BTC starts to approach $20,000+. Be cautious if you see it break the ascending support trend line . Previous waves took about a month each, however it could take longer/shorter to complete the wave depending on market conditions. The upper trend line wants to intersect with the 1.618 extension at the 4-5 bar mark, so 28-35 days. Again, this is if the bottom has been priced in. Cases for: ->Volume has dropped off significantly, lowest it has been since early 2019 before we created a new ATH , which means there is a low probability of creating a significant new low. ->Bounce off support trend line that was the catalyst for previous two up waves, indicating bottom may have been found. ->Bullish divergence on MACD , both 1W and 1D. ->Waves 1,3 have taken price to 1.618-2 Fib extension from new bottom. ->Wave 2 lasted 112 days. Wave 4 has been going for over 130 days. ->It appears that no major bag holders looking to exit RVN for BTC are left. ->No dev/founder kickbacks to destroy price over time like most tokens/coins are set up to do with distribution, regardless of market conditions. -> Good chance of listing on Binance US, which could be catalyst for this final major wave. Cases against: ->Bitcoin has been rallying and could retest ATH at any moment, which could ruin the potential RVN rally as institutional investors have been more centered around accumulating BTC . ->No significant case for alt season yet, and no volume confirming bottom for RVN. ->RVN/USDT pair does not look as good of a setup as RVN/BTC pair does, however it seems to be holding the . 618 retracement level if we draw the top where there were a lot of touch points, to previous bottom. DISCLAIMER: This is not financial advice. It is your responsibility to confirm and decide which trades to make. Trade only with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
Long
by lordlambo
2
RVN/BTC LONG ALT SZN [726% PP]Here we have a long opportunity for Ravencoin assuming 310 sat level was bottom. We may see a retest of the 310-320 sat zone, however as of right now the 1D chart is creating higher lows and MACD is looking bullish. This could potentially be the final wave of RVN before another serious correction, which I am assuming will happen as BTC starts to approach $20,000+. Be cautious if you see it break the ascending support trend line. Previous waves took about a month each, however it could take longer/shorter to complete the wave depending on market conditions. The upper trend line wants to intersect with the 1.618 extension at the 4-5 bar mark, so 28-35 days. Again, this is if the bottom has been priced in. Cases for : ->Volume has dropped off significantly, lowest it has been since early 2019 before we created a new ATH, which means there is a low probability of creating a significant new low. ->Bounce off support trend line that was the catalyst for previous two up waves, indicating bottom may have been found. ->Bullish divergence on MACD, both 1W and 1D. ->Waves 1,3 have taken price to 1.618-2 Fib extension from new bottom. ->Wave 2 lasted 112 days. Wave 4 has been going for over 130 days. ->It appears that no major bag holders looking to exit RVN for BTC are left. ->No dev/founder kickbacks to destroy price over time like most tokens/coins are set up to do with distribution, regardless of market conditions. -> Good chance of listing on Binance US, which could be catalyst for this final major wave. Cases against : ->Bitcoin has been rallying and could retest ATH at any moment, which could ruin the potential RVN rally as institutional investors have been more centered around accumulating BTC. ->No significant case for alt season yet, and no volume confirming bottom for RVN. ->RVN/USDT pair does not look as good of a setup as RVN/BTC pair does, however it seems to be holding the .618 retracement level if we draw the top where there were a lot of touch points, to previous bottom. DISCLAIMER: This is not financial advice. It is your responsibility to confirm and decide which trades to make. Trade only with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
Long
by lordlambo
Wouldnt this be fun, LONG Eth My MAN!!huge market cycle fractical? looks scary the same... and I know this is hopium but dang it would be nice. I'm largely invested in low cap alts in the security token sector, primed for a break out(huge accumulation) been holding against Eth for a long time. If this eth/btc chart plays out like 2017 (or even less than) and the alts do what I think they are going to do I will have my btc value 12X on the safer side or 100X total on the dream side. of course this would be if I held 100% and sold the top.. but just to get a scope of the possible price action. Im just saying it would be nice! definitely make up for this bear market. Be smart out there and good luck
Long
by merchtank19
12
BTC travels through channelsChannel 1 - uptrend. Channel 2 - local downtrend. BTC had awsome formation of Adam and Eve pattern. Perfect movement. BTC has strong bullish movement espessially after it freed from local downtrend channel 1 hour ago. So what is next? Probably 18k in next 30 days. Be ready that btc won't get 20k at once because good rollback should be before BTC will get new ATH or at least previous ATH. P.S. I am almost 100% sure that top 20 alts got their USD bottom on 16-17 July. Alt season is so close! Be fine Unfortunately my previous idea (from 9.5k when I wrote about formation of Adam and Eve pattern) was not published by mistake. At least it was pretty accurate.
BITFINEX:BTCUSDLong
by BeFine
Alt season If Majors ETHBTC and LTCBTC Can Clear ResistanceThe last 18 months any time alt season gets mentioned people go crazy, buy up alts only to watch them dump. Other than a good LTC run and a few quick pumps on other coins, there hasn't been a wide open alt season in a long long time. Some say we won't get one. Actually a lot of people have given up. That gets me more interested. I think there is too much money to be made with alts so down and BTC dominance so high so as BTC goes into a sideways consolidation, it would be good time to see alts recover a bit. I would like to see a few things before I get too crazy. 1. Like to see LTCBTC and ETHBTC fully reclaim their break down lows with daily closes. Even better if we get a test of that resistance and flip it to support, but decent volume green candle would be fine 2. I would like to see multiple majors go off. So BCH, EOS, XRP and several others. Not necessarily all of them but would want to see more of an alt market boom 3. Generally would want to see BTCUSD go into a low volatility range, which might be what is happening now. I think BTC is starting to calm down a bit. Might do a bit more sideways and then drop lower. In particular, if that happens I'd like to see ETHBTC do well and see ETHUSD continue to hold this $200 level. That drop might might be the catalyst to trigger... ALTSZN That said.. here's a warning. If we just tested the break down and can't get past resistance, then there is plenty of room for these to tank lower and if BTC finds support here and starts turning up, alts probably have to wait.
Long
by rzmb44
1
Ethereum - Symmetrical Triangle - BULLISHSymmetrical Triangles can be characterized as areas of indecision. A market pauses and future direction is questioned. Typically, the forces of supply and demand at that moment are considered nearly equal. The Following is a Typical Symmetrical Triangle Pattern Attempts to push higher are quickly met by selling, while dips are seen as bargains. Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.) Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume.) High divergence on MACD BULLISH - LONG IT Thank you God be with you Together we are stronger
BITFINEX:ETHUSDLong
by ferGOD
4
Ontology ONT / BTC - This MOMENTUM! BIG Falling WEDGEONT / BTC is in a great Momentum. We have a very powerful standard highly BULLISH . A great FALLING WEDGE is ready to go. Worth the risk. Time to multiply our BTC! Come on! Are you prepared for bigger BULLRUN of all? Many ALTs are ready in accumulation to launch the biggest wave of all. Wave 3 is larger and more impulsive. I hope it's ready. 2020 we will be MAINSTREAM. Big money is coming here. Who lives will see. Observing the DOMINANCE of the BTC , we have a possible DOUBLE TOP . We are very close to an "Alt SEASON" This time whales multiply their BTCs . Welcome back to 2017. Are you ready? It will be the biggest BULL RUN of ALL! HERE WE GO! CAME OUR TIME! ALT SEASON 2019! HOOOOOOOOLD HOOOOOOOOOOOOOOOOO IT the rocket will start Real money is made now. 2020 awaits us. Buy cheap from pessimists and sell expensive to optimists. The time is now. Only the strong survive GO HARD!
Long
by ferGOD