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Season

Alt Season - next wave startingAfter reaching $11,200 -- BTC needs to correct and alt coins need a chance to catch up. I think the next 1 to 3 weeks will be a rapid bloom time for the alt market but it could all be over by the middle of July! Let's review. Regarding BTC, $11,100 represented the 3.618 Fibonacci advancement line, when measured from the bottom to the tip of the first wave. This is often the tippy top price of a 3rd wave. The next major price milestone will be $15,498, representing the 5.618 line and the next number in in the fib sequence. If BTC doesn't have a major correction or slip back into a bear market, this is the price I would target for the 5th wave. Looking at Bitcoin's Dominance, we can see it made an impressive run and market take over beginning on June 14th. I noticed a lot of my alt coins pumped hard (but for like 15-20 minutes) on June 13th. By applying a Gann fan to BTC.D, we can see the level perfectly, and I do mean perfectly bounced off the last wedge, which is often a major resistance line. Directly above it, we have the resistance line generated by the previous high. BTC Dominance might recover between the 2/1 and 3/1 wedge but it will be only temporary before resuming downward. Look for BTC.D to reach and breach 59 Here is what I think will happen. Bitcoin will maintain it's price above $10,000 for probably a week or so. Probably at least through next Tuesday when the US and China meet. While BTC's price is kept at this level, BTC will flow into alts, causing them to rapidly bloom over the next 1-3 weeks. Thank you for reading! Please like and subscribe if you find this useful!
CRYPTOCAP:BTC.DShort
by jdharward
BTC.D - Next wave of Altcoin season at fight or flightBitcoin's market dominance appears to be at a the precipice of reversal, which would trigger the next wave of Altcoin season. BTC breaking out, above the triangle invalidates this idea. I think we will see an immediate drop in BTC dominance down to at least 59. Some alts will pump in this period while speculating traders take their bet. Upon reaching 59, the market will have a choice to make. Dipping below say 58.5 will break the triangle and we'll see a bloom in alt coins. If Bitcoin dominance breaks below 57 and especially below 56 we'll see alt coins bloom A LOT. ;) Good luck!
CRYPTOCAP:BTC.DShort
by jdharward
$ETHBTC X $ALTS (BUY ZONE)$ETHBTC has been a leading indicator to buy/sell your $ALT positions over the last 2 years & been very effective in doing so. We've been ranging in a trend on $ETHBTC which identifies selling $ALT positions at the top of the range (TL RESISTANCE) and buying at the bottom of the range (TREND LINE SUPPORT) I've indentified the correlation using the $LBC chart on the right. Note how when $ETHBTC touches the bottom trend line, you get sharp bullish moves, which also allign to the same dates on $LBC's movement.
Long
by Kusamatrades
BTC TAX SEASON CRASHThese are guidelines of what may or may not happen in the market. 04/12/18 BTC DUMP 10 DAYS | 29.45% BTC PUMP 19 DAYS | 37.45% BTC DUMP 4 DAYS | 6.9% BTC PUMP 8 HOURS |3.6% BTC TAX DUMP 4 HOUR DAY 5 (April 15th) | 24.45% Currently BTC pumped from 6K to 7800K that is a full 30% According to percentage analysis BTC should see another pump of up to 4-7% until the 4 day dump.. 8381 USD However I believe that to be unlikely unless we are behind schedule by 8 days. Playing it safe. Today is the 12th of April and on the 12th of April last year BTC dumped 6.9% Then pumped same 3.6% for 8 hours After the 8 hour pump we saw 3 days of bear traps... Finally on the 15th from 5 AM in the morning to 9 AM in the morning BTC DUMPED BTC then pumped right back up to 1190 that same day April 15th at 9 AM There are two market psychologies here.. 1. BTC will rise 7% more even though we are right on track for the crash. 2. BTC will fall and we are already in the bull trap. Conclusion: I believe 2. BTC will fall. The market follows time trends, percentages over time can help us quantify the amount of profit possible. Deduct 24% of 7800 we get 5928 I believe whatever happens this is a safe value to buy back in. Sell price 7800 Buy price 5950 Other thoughts: BTC may drop lower due to the current market missing 7% Instead of 24% maybe a full 30% dump making up for the lost 7%
COINBASE:BTCUSD
by EternaljOsh
ALT SEASON OR BTC BULL RUN?They say people only see what they want to believe, that markets exist to make fools of the overly hopeful... Well, half of the crowd is calling for an alt season, and the other half for a new BTC all time high. IMO both groups are jumping the gun as we are still in a downtrend! In order for either to occur BTC needs to enter a sideways accumulation phase first. On the log 1D I see a clear uptrend & downtrend, based on which I can assume we will narrowly escape this downward spiral in mid-April and have ourselves an alt-season. Why not a BTC bull run? Simple - we can't start another BTC run-up until we consolidate, and historically we see that when BTC consolidates, alts flourish! BTC has yet to move sideways whereas many alts have been bottomed out for months already. Of course, neither alt nor BTC can flourish with the low volume we're having lately - we need a newfound public optimism in the cryptosphere to proceed. Furthermore, for 2018 to be the biggest year for crypto yet, we will need institutional money to enter as well, which we all know is waiting for the green light from regulators. With most of the FUD from this past quarter exhausted, & though its contradictory to my opening sentence, I feel HOPEFUL for the remainder of 2018 :). Just my thoughts, happy trading!
BITFINEX:BTCUSD
by AspiringPro
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