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Altcoinseason

It is difficult to have altcoin seasonIt is difficult to have altcoin season Seeing bitcoin's market share dominates we can see when bitcoin releases its market share for altcoins to grow The cumulative wedge pattern shows that bitcoin's market share continues to fluctuate in a 60-70% range. The weekly chart shows that the next 1-2 months continue to be the period when bitcoin dominates over 60% of the overall market share, which is difficult for altcoins. According to Elliott wave, bitcoin's market share is in wave 4 so it is not completed In the case of a sharp drop in market share below 60% and breaking this accumulation pattern we have hope for a strong altcoin season like early 2018.
CRYPTOCAP:BTC.D
by AdamMaster
3
ALTCOIN TO WATCH: AUDIO [Macro Bullish] Beyond all of the bullish patterns/indicators you can clearly see on the chart, I'm also bullish on AUDIO because its parent is a really great project with a bright future: Audius. It's a new free music streaming service / SoundCloud rival that will only continue to grow its user base over the next few years, introducing them to the world of crypto along the way with rewards in AUDIO. Read more here: www.coindesk.com As far as the chart goes, it's still a young coin, so it's a risky investment to be sure, but since we're in a bull market and the project behind it is so great, I think it's a safe bet in the short / medium term. I expect it to range within the ascending channel / broadening wedge for the time being. happy trades, CD
Long
by cryptodonovan
1
What will we see in the Bitcoin chart ? I expect that bitcoin will fluctuate between 50 days moving average and downward trend line for nearly 2 weeks. After this fluctuation period, the price will need to make a big decision to illustrate its next move. Meanwhile, altcoins, particularly Ethereum, will take big advantages from bitcoin’s consolidation period. Therefore, my portfolio is mostly consisting of altcoin for this time. Tips for new traders : -Always take profit on the way up , price will definitely not increase forever. -Don’t be too greedy when price moves up or don’t panic when it decreases. Relax and control your psychology. -Make plans for every possibilities, it is not 100% sure that what we think will happen. -Don’t try to catch up the exact deep or exact peak. -Don’t buy everything you found in the market. -Don’t listen everybody who claims to be a trader or financial advisor. (Mostly avoid who is 100% sure about what they believe). -Remember, market cycle works with human psychology and everybody’s psychologies are similar.
by CanerBly
DOT weekly dip bounce up analysis. ALTcoins market over yet?Weekly dip just like a clock. I feel like we are in the BUBBLIN phase for altcoins, most charts are seeing x3 - x20 across boards, so beware this will not continue for a long time now. Expect BTC to bounce up from weekly support and ALTs will follow. Possible retrace for DOT here. Check both RSI and Volume movements. IF BTC will continue to fall and we will not see RSI pump, altcoin market will see red and we might hit hard support at 12,5. We observe. We make plans. We take profit. And then we wait. Patience is the key.
Long
by lucrat1ve
Incoming AltseasonCRYPTOCAP:BTC.D We bottom in the Bitcoin Dominance Chart in January 2018, from there in Elliott Wave Terms we had a 5-wave move to the upside to 73.02% on September 2019. And from there we started a 3-wave movement to the downside. From which we already had Wave A, which looks to be a 5-wave movement Leading Diagonal Pattern, and are currently tracing Wave B to the upside, which looks to be a Zigzag Pattern that looks to be about to be finished. For this pattern to remain valid, we would need to stay below 73.02% on the Bitcoin Dominance Chart. Once Wave B finishes, Wave C should start, which should be a 5-wave movement to the downside, fast and furious, as seen in the chart, which should lead to the first Altseason in the last 3 years. I hope you find this interesting and good luck to you.
CRYPTOCAP:BTC.DShort
by Raul_Dominguez
3
Altcoins struggling & seeking support before next cycleAltcoin are clearly taking a hit with Ripple's struggles with the SEC suit. Altcoin market cap seeks support at 26-27% range in order to maintain momentum in this bull cycle and kick off (or continue depending how you count) the next alt coin cycle. As I expect Bitcoin continue to show strength and reach new ALT this year and push forward to its 2021 100k goal, alt coins will now start to follow again and pick up steam. There are many great protocols and value products out there. Particular in the Defi space. It's hard for the market to disregard this and only put it's money on Bitcoin. The largest margin will come from the favorite alt coins. Which those are will not be so easy to spot. Many around the DeFi space seem obvious, so look for the ones to stay; the ones that add value to the market . Look for alt coin market cap by percent to hold this week and pick up momentum. This may very well be the last could opportunity to get some of the alt coins for a rebate. Happy holiday season from me to my followers. Drop me a like to support me.
CRYPTOCAP:BTC.DLong
by CarpeMomentum
Bullish breakout on TOTAL2...Altcoins: "IS IT MY TURN YET???"This chart shows total market cap of all cyptos minus BTC. It's an important indicator for identifying altcoin market trends. You can see the bullish divergence on Stoch RSI has played out with the breakout from the triangle (or bull flag). We are seeing a retrace right now, but if this bullish breakout gets confirmed by a retest of support at the top of the pattern, we will see a lot more gains from Altcoins in the coming months. A confirmation of the bullish MACD cross on the 1D TF would support this idea. This is contingent on BTC however, which has reached the top of the rising broadening wedge pattern to which it has stayed surprisingly faithful. This makes me anticipate a retrace toward the bottom end of the wedge, but who knows! BTC just broke ATH and may surprise us all... another push higher would continue to steal the altcoins thunder in the short term. happy trades ~ CD
CRYPTOCAP:TOTAL2Long
by cryptodonovan