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This Formation Finalizing Can Be 2021s Altcoin-Season-Origin!Hello Traders Investors And Community, Welcome to this analysis where we are looking at the coin-market-capitalization of the altcoin-market-cap and its 2-day timeframe perspective, as mentioned in the previous analysis the altcoin-market price-action is holding above this important ascending-trend-line where it is building the coherent triangular-formation together with the upper-resistance and so far the price action has moved as expected and the altcoin-market-cap has formed the coherent wave-count within the triangular-formation. When you did not see this analysis already I highly recommend it to you to watch to have a full-depth-overview, now as these important measurements have taken place there are now fewer confirmations to show up with however it is inevitably important that this price-action really show up to confirm the whole dynamic finally and to do not invalidate it, therefore I detected all the important levels and likely outcomes we should consider within the established structure and it's next destinations. Looking at my chart you can watch there the altcoin-market already shooted above the upper boundary with the wave D of the wave-count which often happens when the wave-count is especially bullish the difference to a full confirmation here is that the price action and the candle still closed within the triangle this is why it is not a full confirmation, to fully validate it is important that the altcoin-market closes above the upper boundary as it is marked in my chart after completing the wave E of the wave-count. In this case it is significantly necessary that the market-cap does not fall below the ascending-trend-line again because this can invalidate also the triangular-formation and the broker breakout as well as confirmation however this is currently not the most likely scenario as the price-action still holding above the ascending-trend-line and above the 50-EMA in red as the range getting narrower and narrower this is an indication for a final breakout and close above coming nearer. The fact that the altcoin-market-cap is holding strongly above the established pre-corona-highs gives the whole structure a higher bullish edge and especially when looking on the long-term-perspective considering a possible rally emerging in 2021 a decrease in corona which is also prognosticated within the summer time can lead to a positive reaction and bullish environment within the market, till then the market especially the altcoin-market-cap has to show how it can establish the pace till then to finally emerge into a solid rally which is protracted together with the Bitcoin possibilities for bullishness, what is also confirming this dynamic is that there are many upcoming projects such as defi or ethereum 2.0 that are lying ground for a solid bullish market environment also on the fundamental perspective. Next times will show how the technicals confirm within the established structure leading to a final breakout as suggested, it will be definitely an interesting journey. In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Prospect is the ingredient of good fortune.” Information provided is only educational and should not be used to take action in the market.
CRYPTOCAP:TOTAL2
by VincePrince
13
CRYPTO MARKET DECOUPLING FROM TRADITIONAL MARKETS?WILL WE SEE A SURGE IN CRYPTO PRICES AND A CONTINUATION OF THE DECOUPLING THAT HAS ALREADY STARTED TO TAKE PLACE OR WILL WE SEE CRYPTO RECOUPING WITH TRADITIONAL MARKETS. WHAT ARE YOUR THOUGHTS? . JOIN THE BEST CRYPTO COLLECTIVE ON TRADING VIEW! 🔸️Learn How to Trade and Invest Into Cryptocurrency🧠 🔸️Get Profitable Trading Set-Ups and Signals📈 🔸️Copy Our Diversified Long Term Portfolio📊 🔸️Engage With Our Skilled Community👥👥👥 Earn Up To $4293 in Crypto and Other Assets🤑 🥂Link in Bio
CRYPTOCAP:TOTAL
by contemplatingcrypto
How to Trade BTC/USD Right NowIn this technical analysis I will walk you through the most important things on the 1h chart right now. First of all, it's important to re-iterate one simple trading lesson. Buy low, sell high. Low and high are terms that are relative. In the chart you can see how I try to give meaning to those relative terms. I determine a "low" price to be close to a place of support. Those are areas in which it is a great opportunity to buy. I determine a "high" price to be a price close to the trendline that marks resistance. For instance prices going towards around $11,500. Then, I simply wait until the price goes close to either of those levels. When the price is at the current levels, you wouldn't want to make any decisions because your risk-reward will be off completely. If you wait for the price to be around one of these levels you can enter a trade with much better risk-reward. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSD
by Trading-Guru
18
How To Trade LINK - Retracement with Moon Potential [PART II]In this idea I will walk you through the most important parts on the chart of LINK on the 1H and continue my previous analysis. First of all, you can find my previous analysis here: We can see that the price has indeed been confirmed on the horizontal support level. Overall the cryptocurrency markets are going down, but it's safe to say that LINK has still be performing relatively well. There are still many LINK bulls out there who are buying, keeping the price moderately high. I previously suggested that the price was a bit too high and that it would be best to wait before entering a position. Right now the time has come. The price is exactly at the support level, and this could be a great moment to enter LINK. From my previous analysis: Link has been performing extremely, extremely well over the last weeks. With an astonishing 1400% growth over the last few months it's been the hero we all wish we could be. In this technical analysis I will walk you through how I suggest to trade a pair that has been seen such a crazy uptrend. First of all, it's noteworthy that you should never buy a coin that's already peeking. When there's just been a huge green candle, you are too late. You wish you were in, but don't FOMO buy. Always wait for retracements. Retracements such as ... the one right here in front of you! THIS is the moment to buy, after plenty of red candles. The age old principle stands, buy low and sell high. As for the exit, if you're more of a scalp trader I suggest to leave before the $20 level again as this is a likely place where it finds resistance. If you want to HODL LINK, then you can try to aim for the 'Moon Zone'. In this area the price might rise like there is no tomorrow, and simply holding it might bring great benefits.
COINBASE:LINKUSDLong
by Trading-Guru
8
Total Crypto Market Cap BULL Flagging Above Pre-Covid Levels Total crypto market cap has blown past the $300 Billion area which was the local high we capitulated from in the second week of March '20. Currently were printing a bull flag targeting the $400 billion resistance level. Looks like we could push past the next resistance at $360 billion. Id imagine we would chop our way towards $400 billion after that. I think you understand the overall direction were headed. Many crypto charts look like the previous market cycles have been completed and some even have a form of symmetry. We are in the infancy stages of the next cycle. Epic candles will be printed along this journey both red and green. Once we can get above and find support on the $400 billion level there will be very little keeping us from first testing & eventually exceeding ATH. Best Wishes To You & Your Family. Not Financial Advice.
CRYPTOCAP:TOTALLong
by MitchMilli
1
What is next for equities? (NASDAQ)This chart is going combined the biggest market cap of NASDAQ. Technical aspect: Below the areas we are currency at, the next area below would be 5518. That would be heading NASDAQ further pull back. Higher above could go towards 5948 areas - Above could just follow the ascending channel. Increasing likely hood of testing key resistance areas. Interesting chart, could help guide you get a direction towards NASDAQ. Just a trade idea, not a recommendation.
NASDAQ:META
by Trade_Journal
OCC “Legitimizes” Crypto and a Fundamental Market Analysis Happy Thursday. In the event you missed the news which appears to have been the catalyst for the large moves in the market yesterday, Coindesk reports the Office of the Comptroller of the Currency released guidance yesterday affirming the authority of Chartered National Banks in the United States to provide Cryptocurrency Custody Services for their customers in both a fiduciary and non-fiduciary manner. Banks in US Can Now Offer Crypto Custody Services, Regulator Says Wednesday’s letter also “reaffirms the OCC’s position that national banks may provide permissible banking services to any lawful business they choose, including cryptocurrency businesses, so long as they effectively manage the risks and comply with applicable law.” The Ripple Foundation have long sought to replace the current SWIFT system with the Ripple Protocol and Ripple Cryptocurrency (XRP) to settle inter-bank transactions, and this move by the Office of the Comptroller of the Currency may have provided a key win to that effort. Neo & Bee the First Attempt at Bank-Like Cryptocurrency Services Seems the space has come a long way since the failed attempt in 2014 of Neo & Bee in Cyprus – a brick and mortar Bitcoin business with bank-like services. Bank-like Bitcoin Portal Neo Opens First Branch in Cyprus Neo & Bee had intended to raise 24,600 BTC for its operations at a time when the currency was worth roughly $120. Shares then were publicly traded via Panama-based Havelock Investments, a platform for the trading of bitcoin-denominated shares in companies before being halted amid company turmoil. According to Coindesk, the CEO Danny Brewster fled the Cyprus and a warrant for his arrest was issued by the Criminal Investigation Department of the Cypriot Police amid allegations of fraud by early Neo & Bee investors. Seems the Bitcoin/Cryptocurrency bank experiment moves into a new phase in the United States, with nationally chartered banks offering custody services. I’m curious to see if and when crypto accounts become available to depositors at banks and credit unions. Perhaps crypto has finally reached the stage of acceptance. Total Cryptocurrency Market Capitalization Breaks Trendline Resistance The Total Market Capitalization for the entirety of the crypto marketplace (as calculated by Tradingview) has steadily declined 42.94 percent from a high of $459.12 Billion as of February 18, 2018, to $261.959 Billion as of July 5, 2020. However, on July 20 things changed significantly with a Market Cap spiking $7 Billion over a two-day period. The $7 Billion USD value of the spike is not in and of itself significant. However, the spike decisively broke declining trend line resistance which was established in February 2018, and that is very significant. Within 24 hours after the decisive break of the MCap trend line, news from the Office of the Comptroller of the Currency broke and PA spiked hard. However, in my opinion, the PA remains subdued given a 5.2% increase in Total Market Capitalization within a 48-hour period poured into the market. Currently MCap remains flat, but it absolutely deserves a close eye over the coming days and weeks given nationally chartered banks and their depositors now have the potential to enter the cryptocurrency marketplace. Declining Bitcoin Dominance Bitcoin Dominance as a percent of Total Market Capitalization has declined from a high of 72.79 percent as of September 5, 2019 to 65.43 percent as of July 5, 2020. Since that time Bitcoin Dominance has largely been trending down and currently rests at 62.97 percent. During the ICO heyday on 2017, Bitcoin Dominance fell from 95.79 percent on January 1, 2017 to a low of 36.62 percent on January 13, 2018 – just over one full year. These facts would seem to suggest a couple of things: The increase of MCap combined with material decline in Bitcoin Dominance suggests new capital is choosing Altcoins over Bitcoins. Based upon comments by Jeremy Allaire of Circle earlier this year regarding the explosive growth in stablecoins , I suspect a vast majority of this capital is parked in USD pegged stablecoins (such as USDC and USDT). His comments suggest those stablecoin investors are not focused on deploying that capital into Bitcoin and other cryptocurrencies. Rather, they seek to use stablecoins as a solution to dollar shortages worldwide and provide alternative payment methods to SWIFT and credit cards. This could potentially signal static and/or lower Bitcoin prices over the near term as Altcoin season peaks, should stablecoins dominate the MCap of the Altcoin Market. The prior trend during 2017 suggests “Altcoin Season” (represented as a material decline of Bitcoin Dominance) peaks approximately one year before reversing. The current material decline started September 5, 2019, which would suggest “Altcoin Season” should peak in September 2020 if the prior trend from 2017 is a viable reference. The prior material decline of Bitcoin Dominance during the 2017 Altcoin Season reversed at 36.62 percent of Total Cryptocurrency MCap, which would imply Bitcoin could see a potential MCap decrease of 20 percent before the current trend reverses. Unless material capital inflows enter the market and significantly boost Total Cryptocurrency MCap, it would suggest BTC price should decline lockstep over the near term as capital flows out from Bitcoin into Altcoins over the near term. The guidance issued by the Office of the Comptroller of the Currency has legitimized cryptocurrency in a fundamental way crypto advocates have long dreamed and hoped for - even if traditional banking institutions do not rapidly embrace development of products and services for retail depositors. More importantly, this signals a fundamental change in banking is potentially on the horizon, providing an opportunity for a more mainstream adoption crypto advocates have long dreamt about. Where that potential future capital flows in the Crypto Marketplace will say much about what the future of cryptocurrency will be. Always remember this is not trading advice. Outside of that, Happy Trading.
CRYPTOCAP:TOTAL
by FOFAgent1
Is BTC is ready to recover some market cap?Hello, traders. The question is simple, is BTC ready to recover some market cap? The answer is not so simple. The altcoins are rising sharply in the past few days causing bitcoin to lose dominance. Due to factors such as bitcoin are linked to American markets that are quite susceptible to bad news, this stability has made altcoins gain strength to gain dominance. But now we can be tired from the downward movement, with the RSI showing a bullish divergence. I hope the price will reverse its trend in this region, possibly with the test at the important support level. That could indicate an end to the upward trend in altcoins. Push the like button and follow us on Tradingview.
CRYPTOCAP:BTC.DLong
by MarketMinds
6
Text-Book BEAR Flag on EOS/USD Tell-Tale for SHORT PositionIn this idea I will explain what a bear flag is and how this information can help us position ourselves for a nice short trade on EOS. A Bear Flag is a bearish continuation pattern. It is formed when after a strong drop, an ascending channel is formed where the price bounces back and forth. The bullish version creates a view that looks similar to a flag and a flagpole, from which the name is derived. If at some point the channel is broken downwards, a second downward movement can be expected. EOS is trading in exactly such pattern after yesterday the whole market had a big dump downwards. I suggest a short trade set-up here on EOS where the take profit is close to the 2.40 level Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:EOSUSDShort
by Trading-Guru
5