Altslong
Total2 Heading North To Test The ATH SoonEveryone flipped bearish so soon. Just days ago we were all heading to the moon and now everybody is expecting a plummet. That is why you have to keep your emotions in check as a trader. The herd is usually wrong so I believe we will be testing the high in Alts MC over the coming days.
Once we get back above the $307B MC and test it as support this move up will happen fast.
My take profit area will be around $450B as I suspect we will experience a correction back down to the $307-307B level before finally launching into space! More on that later, but let's see if this plays out first.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Altcoin multi-year pattern breakout to 225 billion?Early January I published 2 bullish fractals for the altcoin market. Since I shared this, the altcoin market almost did a 2x.
One monthly chart fractal , containing a bullish engulfing candle after a double bottom, back at 64 billion.
The daily chart fractal displayed a breakout of a descending channel.
Even though we're only halfway through February, current charts show a breakout of a 2,5 year symmetrical triangle that has the potential to propel us back to ATH. At the time of publishing, we are right at strong monthly resistance of 113 billion. If this is decisively broken, get ready for 225 billion. After that, were off to all time highs.
RSI has already broken out of a multi year downtrend too, with a lot of room to grow.
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.
BTC VS SOME ALTCOINSReally, if I succeed, it is because I am really understanding. he ,,,like i said in my last btc post, playing with the 10,000 is basic to manipulate, make the price fall, make it the price go up,,, I love the manipulation,
If you see, in some altcoins is making believe that they are going down, and moreover, the weak ones may fall, but those with high capitalization, those will continue to rise as they do now, but they will not leave it easy, right now they want to see that again it goes up btc, just by lowering it to less than 10,000 with that it was enough so that when they are raised again above that figure, everything starts to buy like crazy, right now they are selling btc those rich,
Don't fall into the trap, btc down, alt up, for another month or maybe two. good luck,
De verdad que si acierto esta, es por que en realidad estoy entendiendo. je. y es que ve como habia dicho en un post anterior, jugar con los 10 000 es base par manipular, hacer que se cae el precio, hacer como que los pasa, en fin, me encanta la manipulacion,
Si ves, en algunas altcoins esta haciendo creer que se van para abajo, y es mas, las debiles quiza caigan, pero las de alta capitalizacion, esas seguiran subiendo como lo hacen ahora, pero no la dejaran facil, ahorita quieren hacer ver que de nuevo se va para arriba btc, solo con bajarlo a menos de 10000 con eso fue suficiente para que cuando los suban de nuevo arriba de esa cifra, todo empiezen a comprar como locos, ahorita como se estan avorazando vendiendo esos ricos,
No caigas en la trampa, btc abajo, alt arriba, por un mes mas o dos quiza. suerte,