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Altcoinsvsbtc

Altcoinmarket has bottomed out, bullish fractal will play out?The altcoin market seems to have bottomed out. Looking at basic support and resistance on the monthly, we see that we bounced off the strongest support in the altcoin market of 54 billion USD, which had touches of 8 monthly candles (opens, closes and wicks). In addition to this, January is showing us a monthly bullish engulfing candle so far. The last time the monthly bullishly engulfed at the bottom, the altcoin market grew 233%. This monthly fractal strengthens the bullish altcoins fractal on the Daily chart I shared on January 12.
CRYPTOCAP:TOTAL2Long
by Nick010
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?
CRYPTOCAP:TOTAL2Long
by Nick010
BTCUSD Bybit Chart Analysis December 30 Hello, it’s BitCoinGuide. Hope you are doing well. Don’t forget to “Follow” me and press “Likes”. I will begin BTCUSD Bybit Chart Analysis for December 30th This is 30m candle chart for last Friday. It was following route B. However, quite different from the entry timing, it bounced off from the point where the downtrend came out once more with a delayed time sequence. To be precise, the rebound came after touching the supporting line of Bollinger band for 1H and 4H candle chart. I’ve mentioned that you should be focused on the red trend line in our private room. It was long position trading strategy. After it broke out the final orange trend line, it slowly went up. Congratulations. This is 4H candle chart. The “red cloud” is thinly supporting, and MACD Dead Cross is about to come out. I hoped it would touch the resistance line of Bollinger band in daily candle chart. But it lacked power. So I brought a strategy based on this. This is 30m candle chart. To be brief, 1. Check out route A & B with A’s long position entry timing / B’s short position entry timing with each price point 2. Route A: Please check the price does not go down below the entry point / If it does, please check route B If the price touches the final smile face line, we are at the safe zone (We are able to operate altcoins after some correction) 3. Route B: Please check if it goes above short position entry point / If it does please follow route A Please switch you position to long position at the bottom part of Weekend Gap Difference This is it. Please also check out bonus points indicated with finger pointers. I’ve mentioned the weekend gap difference with sky blue box. Last time, we saw price retracement until the gap difference. So you should be aware of it based on this situation. If, the price touches smile face line along with route A, it could just rise up without touching the gap difference. Please be aware of it. Hope you have a good day. I will come back to you in the afternoon. Thank you. (Translation Jae Ho Shin)
BYBIT:BTCUSD.P
by BitCoinGuide
Hydro Formed Bullish Gartley Pattern And Ready For Bullish MoveWorld's 321th ranked crypto token Hydro with Bitcoin pair has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look at the dimensions of Hydro price action's move: After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move. So as per Fibonacci sequence method we can set our targets as below for mid term trade: Buy at: 0.00000009 sats Sell at: 0.00000010 sats As per above targets this trade has potential to produce upto 11% gains. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic Gartley pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
HLong
by moon333
Whales Control Majority of LitecoinPrimeXBT will be now be offering a technical and fundamental analysis overview of LTCBTC. News : More than half of all LTC is held in just 189 non-exchange addresses, and on average, the top 100 ERC20 tokens are majority-owned by just 34 addresses. Switzerland-based cryptocurrency bank SEBA is now fully operational. The bank is offering SEBAwallet app, e-banking, and SEBA card facilities, through which customers can manage five cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Litecoin (LTC) and Ethereum Classic (ETC), and convert them into traditional currencies and vice versa online, per their announcement. Technical Analysis : When compared with Bitcoin, LTC is still trading well within a descending channel formation, which shows that the market is undecided. Its bulls are experiencing some difficulty, as the coin recently broke below its support at 5600 SAT and continued to fall down towards 5500 SAT. The critical support level is located at level 5100 SAT and below. However, a strong attempt by bulls to sway the market could lead the coin to be pushed above its moving averages until it finds resistance at 5980 SAT and above. Meanwhile, the price of Litecoin is currently at 5540 SAT, and a spike in volatility could occur as its RSI is about to enter the oversold area. Also, the indicator has formed a bullish divergence, which often indicates that a bullish trend reversal is forming. Resistance Levels: 0.00574, 0.00598, 0.00615 Support Level: 0.00550 Market Cap: $2 582 278 919 USD Volume (24h): $2 864 953 826 USD Circulating Supply: 63 704 644 LTC As always, be careful, and don't forget about capital & risk management. Please, let us know what you think in the comments below. We appreciate the continued support that PrimeXBT has received from readers and traders like you!
Long
by UnknownUnicorn3931771
7
Altcoin Season is About to Start!Hi there! PrimeXBT is on the air and we are going to analyze Bitcoin’s dominance over the crypto markets. BTC’s dominance broke through its eight-month-long Wave C support line of the Elliott ABC corrective waves. Currently, it’s hitting strong resistance that’s coming from the downward trend-line. The projected downwards phase will last until February of 2020, with a peak bottom in January of 2020. However, BTC’s RSI currently has a strong bullish divergence that could lead to a continuance of an uptrend after we reach our first near-term target. Target zone: 63% BTC Dominance: 68.37% Market Cap: $197 108 909 995 24h Vol: $58 157 606 098 Be careful though, don't forget about capital & risk management. We only offer you the most important posts each day. Stay tuned for more infographics, analytics, reviews, summaries, and more!
CRYPTOCAP:BTC.DShort
by UnknownUnicorn3931771
3
Bitcoin Dominance (BTC.D) is playing with our feelingsBTC.D peaked around 73 on September 5th, 2019. After that, we saw a consistent decline to 67.5. Some money flowed into the alts during this time frame with BAT and LINK (both amazing projects, check them out if you haven't) being couple of the top gainers. However, on November 27th, 2019 we broke above the 50 SMA AND on December 6th, 2019 BTC.D broke above the downward trend line and it's barely holding above it. It's hard to say what will happen at this point because I feel that the second rally of the cycle will happen relatively soon, and when that happens money will flow into BTC delaying even more an altseason. The closer we get to 66.5, the more optimistic I will be on putting money on alts. Don't hope the market does what you wish for - PAY ATTENTION to what the market is doing AND FOLLOW!
CRYPTOCAP:BTC.D
by crypto_cisco
NULS/BTC mid/long term TA & Fundamentals NULS/BTC If a `TA - guy` from traditional markets looks at this chart he might say : shitcoin. But I like to look at the fundamentals too. So, my chart tells me that NULS/BTC bottomed out and there will be a break out between now and january. NULS/BTC is down 93% from it´s ATH NULS is one of the top rated cryptos in china. (4th place) it´s a 3.0 coin with a great team You can stake NULS easily to earn more NULS by just holding it. ( min. 2000NULS) if you stake 2000 NULS you get 0,61 NULS every day. NULS staking calculator : nuls.world Since a few weeks they have a working product : NULS Chain Factory everyone is able to build their own blockchain instandly. That might be the next "go daddy" for building blockchains. °°(my longer term chart tells me that there is a 20 X possible for NULS/BTC ) °° *no financial advise have a nice weekend
Long
by Daikokus
DNT/BTC LONG - 106 satsHey everyone! A lot of altcoin setups developing vs BTC at the moment. I'll ignore the highlighted blue section because it looks extremely emotional. At the same time, it enabled the price to consolidate and we are ready for take-off! Nice balance, POC matching the midline and compliant with Fibonacci. And the cherry on top? It was spotted by a community member! Yes, if you know what to look for, you can do it as well. In case you want to become part of the community reach out to me on Twitter or on Discord. Take care, Vlad the Crypto Trader
DLong
by Be_Independent_Tribe
Altcoin Market Bracing for Major Move - Bull Pennant?The Altcoin market has been beaten down for months, a minor relief rally at the start of 2019 has been followed by a slow grind lower for all but a select few names. Undoubtedly the Altcoin market is poised for a major move, the direction is unclear, but the compression in this market is undeniable. Big Picture: Left Chart - Currently sitting at the 50 period Monthly EMA, this area acted as support during the initial bubble burst of 2018, it may act as support again, however if it fails, then it sets the Altcoins up for a major fall. - Currently in what appears to be a bull pennant (trend continuation pattern), this pattern is likely to resolve soon, likely within no more than 2 to 3 months. Compression: Top Right and Bottom Right Charts - The top chart shows the weekly timeframe and highlights the current bullish divergence between the momentum indicator and the price action, this does lend SOME strength to the bullish argument. - The bottom chart looks at the 3 day timeframe, the highlighted regions depict the prior instances of market compression and the resulting moves, this also highlights the need for caution, as these periods of compression can break in EITHER direction. The fundamental supply and demand dynamic of the halvening, inflows of institutional money and the current extremely beaten down Altcoin market would tilt the scales in favor of the bulls, however, should this pennant break to the downside, which i would classify as a decisive close below the lower trend line AND 2 closes below the 50 period monthly EMA, then the downside could be quite dramatic.
CRYPTOCAP:TOTAL2
by Profit_Link
DLTBTC LONG - 770 satsHey everyone! As explained yesterday, we were waiting for our 3H/3L count to show up on the chart and it did so overnight. The balance in this setup is magnificent and so is the fact that the Volume Profile confluences with our entry channel. Risk-Reward-Ratio a bit high than ideal and volume traded is quite low (20BTC) so it needs to catch up with how good this looks. Putting 1R on the table myself, just looks too tasty to pass. Take care, Vlad The Crypto Trader
DLong
by Be_Independent_Tribe