Altcoinstowatch
OMGCould go either way, I took profits on the way up my entry was $5.20 so snatched a quick $1,500 and was able to buy back my original position.
OMG remains strong vs BTC, I can see that the pairs have bottomed I think that's why OMG refuses to correct while BTC trades all the way down to $55,000.
Also OMG is an ERC20 token with only 140,000 coins (low supply) I noticed $ETH coins are remaining strong as I feel the market is embracing the fact that $2,800 ETH incoming.
I will probably take profits again if OMG pushes to my TP at $9.74 and just buy the dip as I really like trading this coin.
$CryptoCap - time to prove your worth - alts to thrive?Previously we saw breakouts on this 'altcoin dominance' chart meant alts ran pretty damn well against BTC
E.g. DeFi summer 2020 where any coin with finance in its name would 10x
E.g. new year ape szn where 80% of coins 5x
I think the second example is not done yet though
Market just saw a massive correction in alts again and if this 1W candle holds the breakout and the 0.5 this cryptocap chart would suggest alts have momentum to grow against BTC
As BTC also looks decent - bull flag is brewing etc. this could be an explose couple of months especially when the DXY's track-record for April is poor
Time to find some plays on some alts by the looks of things
XLMLooking good. Wicked back into the triangle and tested 100 ema daily tf. Then bounced and regained the uptrend outside the triangle. I think we go up from here. Just not in a straight line obviously.
Crypto MMs love to make us buy when a coin is looking strong and our analysis shows a break like this one on XLM where the triangle pattern broke up. Then sell off the coin trapping noobs or forcing traders to sell.
After the break out I noticed that XLM didn't pump as it should've because most crypto traders would have seen this move and entered into a long position.(and I know a few that did) Rather XLM just stayed flat, so I kinda knew something was not right.
But still hold my position and not selling as this is all just MMs shaking people. They are ruthless. I also noticed that demand wicks in crypto currencies are usually the Best Buy signals especially after a bloody sell off. GL everyone Big Mike loves you and he loves XLM.
$ALPHA - DeFi and flat-top triangles = PumpALPHA a very promising DeFi project but yet to fully release and have its services utilised by the community
Technically we have a movement to mid of high to low where we are printing equal highs and rising higher lows
Safest entry should be on retest of the flat-top
Let's see....
$NANO - looks ready to rumbleNANO is in a very low part of its weekly range here
Also the correction downtrend has now broke and retested successfully
Not much green volume yet but it should be safe to start scaling into this targeting 6.8, 7.9 as the current ATH and higher heights if market strength continues!