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Altcoin Season Ends Before the End of the YearBitcoin dominance is falling rapidly, which shows growing interest in Altcoins, especially top Altcoins which have enabled Margin Trading. From what it seems, the alt season has already started, but it might not last that long. According to my analisis BTC.D will continue to move down, towards 60% dominance till the end of this year. Then BTC might take the lead once again.... BUT, if the support will be broken, this will be indication of a growing interest in blockchain overall, and BTC.D might go down to 30-40%. This would be a true paradice for TOP Alts.
CRYPTOCAP:BTC.DShort
by CryptoPAMM
3
Altcoin Season 2019, START - Everything you Need to KnowIn the first ever post coming from BitOwned, I'm going to drop some knowledge. This is something I kept secret for me and some select people that have been chasing with me the next altcoins bull market. All this until today, when I decided to share the knowledge with you and everyone who would like to join our community and be part of this group. If you're reading this post and you are being motivated to read, understand and also do your own additional research of what I'm going to teach you, then lets get to the subject line. What is Altcoin Season? This is a term frequently used when altcoins prices in the cryptocurency market start to rise. We will consider the TOP100 from the cryptomarketcap.com for this, as the other 1000s of cryptocurrency don't always follow the first 100 and the volume can make it hard to predict when they are going to rise or fall. When do Altcoins Start to Rise? One pattern which many people have missed is that they follow very precisely the 'OTHERS DOMINACE' CRYPTOCAP:OTHERS.D or 'Market Cap Others Dominance'. This is the dominance, in percentage, of Total Crypto Market Cap minus Bitcoin's Market Cap. If you will analyse this chart properly against some of the major Altcoins Charts (in this example I used the Ethereum chart), you can spot some levels which after they are retested, the Altcoins prices start to rise. To strengthen this argument, we can take for example the ETH July 2016 - March 2017 BITFINEX:ETHUSD Chart and compare it against the Others Dominance chart from the same period of time as I did below. You will notice the 2017 Bull-Run started right after the dominance fell through a support level previously (resistance) broken before making the July 2016 Highs. After breaking this level again and sustaining above, Ethereum went on a never seen before bull-run. tradingview(.)com/x/Z5SZVYA0/ (ETH CHART) This is enough to grow my confidence in the Altcoin Markets and to see how close we are to reaching moon agian. In addition to this, the recent fall that we are experiencing, right before Bitcoin's major price rice from $3000 level can get money flowing from Bitcoin to Altcoins as they are at irresistible prices right now and Bitcoin's move have boosted the confidence of the retail investors in this market. Right now altcoins may seem like a great investment being at the lows, with any announcement around the corner, rumours about XRP, a big pump of ETH, we can see FOMO and a great reversal from the Altcoins at any time soon. Are we going to have new highs in altcoins? I believe we can see an increase in the price this year but according to my charts, we are can see new highs (major) around end of 2020. Technically this year having new highs I would say Yes and No because some charts and other technical findings can contradict my above statement about 2020. More on this later.. Follow BitOwned and I will continue to describe exactly why yes, why no, and what should you do. Happy to hear your opinion too. Please leave a comment below and lets discuss this. :) Yours, BitOwner @bitowned
CRYPTOCAP:OTHERS.DLong
by BitOwned
1
$altseason wave 4 retracement- mini alt season before a huge oneEW analsysis of BTC dominance shows that we should be in wave 4 of the last wave 5 of 5. It s synonym of mini alt season, it will be followed by a wave 5 where BTC will pump again against alts, then it will be the crash and a big one. The targets for the wave 4 are in red on the chart. I tend to think the first red line at the 23.6 retracement is the most probable as wave 3 has been in hyper extension, which is most of the time synonym of short wave 4. I would long alts now until the 1st target is reached. Happy trading beautiful people!
CRYPTOCAP:BTC.DLong
by absolutefreedom
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