ZENBTC: Buy Setup with Cup and handle Pattern.ZENBTC: Buy Setup with Cup and handle Pattern.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
Altcoinseason
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.
Has Alt Season arrived?With BTC climbing we are this time seeing much of the altcoin market overtaking it and BTC Dominance falling. But has altcoin season definitely arrived and a sustained bull market to come?
From a technical point of view I'd be reluctant to call it this until the total market cap at least breaks above the 0.236 line of the current cycle's high and low. We tapped this level in June last year when BTC reached $14k.
One bullish sign is that we have closed nicely above all key EMAs on the Weekly. However the RSI is reaching previous resistance and also the Stoch RSI looks like it could cross down in the next couple of weeks which is often a strong indicator. We may see plenty of cooling off even on the way to the .236 if we make it.
I think on balance of probabilities that we could continue to see some bullish price action for a couple of months at least until the Bitcoin halving in April/May. However whether altcoins outperform BTC in this time is harder to predict. I am treating this time as an opportunity to diversify risk but always measuring gains in BTC.
Always examine each opportunity on its own basis, look for sound entries and manage risk reward.
! ADA Skyrocket ! - soon and here's whyHi!
1. Huge fall down into the lowest low.
2. At our current lowest (where we are right now) We see only sideways movement. =
Big Money is not pushing the price higher while accumulating ADA coins slowly and steady without anybody noticing and
without making any huge moves. The aim is to accumulate as much as they can without people noticing.
3. After accumulating has completed. We are now ready to get into the stage where we break out of the
resistance zones and start huge green candles quickly so that no body gets in. Only after the prices already skyrocketed 50-100%
people will start posting bullish charts or news on ADA.
4. Also we have !(WEEKLY)! Bullish RSI divergence. = This is a sign of accumulation as the price keeps falling down,
the acceleration of its fall keeps decreasing = Whales and even other investors are buying up a given asset.
Dont forget to hit a like and follow for my analysis! :)
Have fun with big profit soon! :)
(BTC.D) Altcoin Dominance Eyeing Up A Breakout to 40%With altcoin dominance closing back above the rising 200 Week MA last week, confirming Bitcoin's long-term weakness in market dominance, "ALT.D" (1-BTC.D+99) has again held the 30% support a second time and is looking for a breakout above 33.75% with a target to 40%.
This would additionally be a TD Sequential trade on the Weekly chart with a Green 2 going above a Green 1, with oscillators (RSI, CMF and MACD) pointing to further upside. There will likely be some resistance and profit taking around the 50 Week MA around 35%, half way to the target, but I don't expect it to hold for long if volume continues to rise. The momentum would likely be too strong preceeding the confirmed trend change.
Reward/risk: 2.1
Entry: 33.76% - TD buy signal and and new swing high since July 2019
Target: 40.7% - Previous support level as resistance and 100 Week MA confluence
Stop Loss: 30.50% - Breakdown below the open of the 1 candle, 21 Week MA and into support range = bearish
To me, this is a perfect trade.
Previous altcoin dominance TA:
Altcoin Speculation Coming Soon... (October 2019)
Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
VETBTC: Buy Trade Setup with Falling Wedge Breakout.VETBTC: Buy Trade Setup with Falling Wedge Breakout.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
SKYBTC: Double Bottom Confirm need to Wait for Next wave.SKYBTC: Double Bottom Confirm need to Wait for Next wave.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
Litecoin : Swing Change not confirm, Double Bottom on way.Litecoin : Swing Change not confirm, Double Bottom on way.
Bullish altcoin fractal - Total altcoin marketcap to grow 173%?Bitcoin has seen an exponential rise, and if you ask around in the crypto space, this would mean that altcoins bleed. However, I'm seeing a bullish fractal on the cards.
Bitcoin, depending on how you draw the descending channel lines, may or may not have broken out of the descending channel.
With the altcoins, it's very clear that it's broken out of the descending channel.
Also, near the start of the last altcoin boom, the 9 and 21 daily EMA crossed above the 55 EMA. Right now, the 9 EMA has already crossed and it looks like the 21 will soon follow.
The last altcoin boom lasted about 5 months, so, although past performance is not indicative of future results, could we see an altcoin season until the halving?
#ALTSEASON not yet.If you are trading altcoins is important to check Bitcoin Dominance very often.
It doesn't look good for Altcoins at all. Currently, BTC.D will be testing support at 70%. It can give some alt-window opportunities IF this support will break, if yes I will inform you about opportunities in altcoins or which altcoins look the strongest.
Altcoin Rally on the Horizon?Bitcoin market dominance has been making lower highs since September.
It is now testing the upper trend line once again. Momentum seems to be to the downside. If it breaks 68%, technically we could see a further 5% break to the downside.
Could this be budding a new altcoin run?
ELROND RETRACING AND SHOOTINGElrond's on the move.
Looking for a retrace at the 50% fibonacci retracement level. 4H CHART.
Last Bitcoin rise before FALL and a new ALT SEASON!!!Hi!
For this TA I am using Elliot-Wave Theory to determine the current move and the cycle of this run.
Therefore judging by EW-Theory it looks like we seem to be in the 5th wave up, going up until December/ end of December.
From there on the BTC Dominance will meet resistance and an urge to cease itself down.
This on the other hand implies that an ALT SEASON is on its way.
Ultimately thanks to the BTC Dominance chart together with EW-Theory we can analyse that a similiar move the way it was back in 2017 November/ December
is about to happen.
Trade Safe!
I would be happy if you hit a follow.
I want to keep you updated with data and facts! :)
LTC Double Bottom to Double TopTook a 5x position on LTC . Increasing volume, upticking histogram, bull macd cross, just cross the 4hr 20ma after a double bottom? I'll take it twice on Sunday. Going for a double top here before a btc pump which will then rekt it while we short it later. That's the plan, anyways...lol
#LTC/Z19
Exchanges: Bitmex
Signal Type: Regular (Long)
Leverage: 5
Entry Zone: 6715-6750
Take-Profit Targets: 6875-7000-7200-7400-7750
Stop Targets: 6520
Risk: 16.6%
Rate: 6745
TRX Sun Moon?Opened a long on TRX . We can see bulligh rsi divergence, upticking histogram, potential macd bull cross, and increasing volume. Additionally dominance is declining. However, I have to be careful becuase a btc pump could rekt this. It's holding above the 4hr 20ma @ 191, and I like the confluence with the 4hr 50ma @192. This could be pretty. My target is just below the 0.272 fib extention of the previous wave. I also like the risk:reward on the trade: 7. Let's see how this plays out.
#TRX/Z19
Exchanges: Bitmex
Signal Type: Regular (Long)
Leverage: 5
Entry Zone: 190-193
Take-Profit Targets: 199-210-220-230-240
Stop Targets: 185
Risk: 18.25%
Rate: 192
Possible 30% gain on this altcoinsHello Fellas, Today is a very interesting day when we see at the market . it is all because I saw a lot of buy signals from altcoins which could lead them into a huge bullish run in the next few days.
First of all, if we look at the 4 hours chart, we can easily find an ascending triangle has been formed which usually could lead the price to go up. Beside that, I've seen a possible 5th wave is going to be formed in near future.
Because I often see a truncated 5th wave which usually lead us to the double top pattern, I will be waiting for the break out confirmation of this 4 hours pattern. and enter long position from here.
My 1st target will be between 19700 - 20000 which act as previous swing high of current pattern. My highest target for mid term is around the 25000 which is 30% up from current price. However, between 20000 - 25000, I see a lot of significant resistance is ready to fight the price back, that's why I will give you a breakdown update for those resistance ahead.
Thank you.
What does it need to confirm altcoin season?"What seems good is not necessarily good" Maybe this statement is the right quote to represent current condition of the market in cryptocurrency universe, especially in altcoins!
A lot of arguments about the next altcoins season has occured lately. not just because the height of the bitcoin dominance, but also most of the altcoins has reached an extremely bottom right now. If you've read about the logical thinking about money circulation in this current industry, you will understand very well about the correlation between bitcoin dominance and crypto market capitalization.
Let me explain it to you about this logical thinking again. If the bitcoin dominance has reached the top and we see a possible drop on this dominance in the future, this will mean a shifting capital from whales which switch their investment from bitcoin to altcoins. And if this happens, it means that the money outflow from bitcoin will become the money inflow in altcoins because a lot of investors has switched their capital to altcoins. And if this happens, this will automatically increase the market capitalization on altcoins.
In this podcast, I will be focusing on the technical analysis on this altcoin market capitalization. Based on the chart, we can see there is a possibility of this market cap to forms a head and shoulders pattern which will end up with the drop on this market cap. I still believe that altcoin season will happen in near future, but there must be a mitigation if our analysis comes wrong and the price moves against our will. Personally, i will put a huge amount of money on altcoins when the market cap of this altcoins breaks out of the blue region. otherwise, I will be very cautious and try to play conservatively on scalping.
Just as you know the correlation of these important factors :
- Bitcoin dominance goes up, altcoin market cap goes down, altcoin price goes down and vice versa.
Thank you
Ethereum : Equilibrium on market and dominance on bitcoinHello fellas, Finally we get some moves on BTC and once again our analysis has met the precision here with a drop. I've warned you about the bull trap region and possible drop. At the time I made this post, the bitcoin dominance is standing at around 69.4% which is extremely high and not ideal for me. So, I believe in the near future, the dominance will throw over from current level and we will see a drop on bitcoin too. The biggest question is, what could happen on altcoin market? will it follow the bitcoin's drop? or will it moves against bitcoin?
Personally, I really think that current price of altcoin is pretty low and most of them has already touched the historical low. I really can't imagine if the price of that altcoin will drop from current level, it will be such a hell. I use only the logical think to represent my view on current market. Just imagine if the dominance of bitcoin decrease, this will mean there will be a money outflow from bitcoin to keep the equilibrium play in this major market and if there is a huge outflow from bitcoin investment, I do believe the money from big investors which is known as whales in crypto industry will fill in the altcoins space to help bitcoin decrease its dominance. This phenomenon will cause a negative correlation between bitcoin and the altcoin.
I choose to pick ETH as my weapon on this possible bullish scenario on alts because Ethereum is the 2nd largest crypto in this universe just under bitcoin in its rank based on market volume. I do believe in its project too.
And from the technical side, it is moving align too with my above statement. currently the price is playing in the break out cycle both on diagonal and horizontal levels and based on the RSI and MACD, I see the price is gaining strength with its bullish divergence on daily based. I need to see 1 more drop toward the white region and if this level can hold on the price, I will open a long position from there.
This will be a beautiful trade if I have all the confirmation is being met and you will feel how satisfied is with this profit.
Altcoin Season might be knocking on the door!! - Elliot Wave BTCElliot Wave Analysis applied to BTC Market Cap Dominance.
Waves I and II have been completed. In my count Wave III has not completed its 5th leg up yet. If we get to the 1.618 fib extension of Wave I to II and market dominance level gets rejected at this point, we will probably enter Wave IV, which could lead all the way down to the green trendline. Playtime for the SHITCOIN bagholders!!!
