Today`s ALT!!! TRXBTCBINANCE:TRXBTC
Exchange : Binance
Coin: TRXBTC
Buy Zone: 0.00000169~0.00000171
Target Point: 0.0000018/ 0.0000019/ 0.00000204/ 0.0000023
S/L: 0.00000165
Risk: HIGH
Term: Middle-Short
It`s making Cup Handle
Pink Line was made in April
When it break Pink Line, it will start real - pump !!
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Investment is your responsibility.
I'm just providing about coin`s information
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ALT
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.
Altcoins: Exsanguinated?Since BTC dropped the last hours, but Alts are tending to stay stable / even rise a bit, I took a look at the Altcoin Dominance. We *may*bottomed out here, as we touched the weekly MA200 and we have a falling wedge which starts squeezing the Alt dominance pretty narrow. Additionally we have a candlestick pattern which pierced the aforementioned weekly MA200 and *may*, with further rising of Alt dominance today, become a hammer candlestick pattern (bullish reversal).
Also note that (further) falling of Alt dominance got indicated in the first week on April, after the Alt dominance followed the MA100 for exactly 2 Months (February and March) like a well-behaved dog before it got scared from MA50 and broke down. The MA50 seems like guiding the Alt dominance in an Altseason (see from end 2017 until mid 2018).
Additionally in retrospect of the cross down of MA50/100, it looks like a decent indicator to check the holded alts if one really wants to hold them trough another possible Altbleeding.
Today`s ALT!!! KMDBTCBINANCE:KMDBTC
Exchange : Binance
Coin: KMDBTC
Buy Zone: 0.000067~0.000066
Target Point: 0.0000705/ 0.000075/ 0.000081/ 0.000086
S/L: 0.0000645
Risk: HIGH
Term: Middle
It`s making Symmetrical Triangle !!
It`s time to pump!!!!
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Investment is your responsibility.
I'm just providing about coin`s information
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Some ALTS looks ready. CryptocurrencyThere's a couple of ALTS that looks ready to fire off. In the crypto market, what you want to see is Bitcoin Dominance drop and BTC price to remain sideways. At the current time, BTC price is sideways.
BTC dominance has not dropped just yet, but as you can see for TRON. We're on a horizontal support with WEEKLY CCI curling back to the upside and crossing the 50 CCI (blue line.)
Nothing is confirmed just as as I am just posting this in advance. But I am bias to the upside for some ALTS (not all of them.)
As market sentiment for ALTS have basically died and become very bearish. This is the first sign that there might be a strong reversal soon for ALTS (not all of them.)
BTC Dominance - Came Down. Satoshi's Went UPA little obvious on the title but ultimately sometimes you find when the dominance drops it's because of a Bitcoin drop. However, over the last 48 hours, satoshi values have gone up a little as Bitcoin dominance went down. We may find that more of that, people will get more into alt-coins and create further moves.
INSOLAR - Developments + Fundamentals Pushing This TrendWith Mainnet + Wallet releases this is starting to trend up. Could get interesting. Keep an eye on it, could keep going up.
GNT Topped Out on 68% MoveLooks like more possible bearish behaviour, be careful looking at catching bounces. Big run up and now with dominance in BTC high, not worth touching. Great run if you caught the last move.
MATIC - Great FA But Could Mean NothingThe FA with Matic is really good with Coinbase listing and other listenings due to the Binance closure however it may mean nothing if the Bitcoin Dominance remains really high.
Don't jump on this based off news alone. Wait for the technicals.
BTC Dominance (TA). BTC to go up soon again.Observation:
BTC dominance has almost hit the 0.5 retracement fib level around the 68% mark.
The ALT dominance chart has not made much gain in the same move.
Stockatic RSI indicating over sold region, etc.
Thoughts:
Factoring a random no. of ALTs and how they have reached key resistance levels coupled with BTC dropping to the buying zone\s, I would bet that BTC is about to go up soon and the ALTs to drop further.
Alt Season just started! Enjoy it :)We are doing Analysis of BTC .D on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Thanks
Adil Khan