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Altcoinsvsbtc

Altseason is coming ? Dominance Analysis by Rocket-ProThe dominance of Bitcoin has been increasing in recent weeks and is now approaching a major resistance. Indeed, this level corresponds to the high point reached at the end of 2017. Does this mean that the Alts season will start? Not necessarily! Indeed, in addition to this horizontal level, we can see that the dominance of Bitcoin also evolves in a ascending channel configuration. It is therefore not impossible that the upper boundary of this channel may be reached. Anyway, we are in front of an extremely important area and we will have to observe this very, very closely in the coming weeks! Stay tune and join us on t.me/RocketProFFA for more information and trade !
CRYPTOCAP:BTC.D
by Rocket-Pro
Bitcoin Dominance - The King May Need a BreakWhile Bitcoin continues to rise and reclaim market dominance, nearly all altcoins have failed to keep up with the pace. This has resulted in nearly all BTC alt pairs to plummet into the abyss with little or no sign of support. While searching for BTC alt support, and since this market likes to move together, it makes sense for Bitcoin Domiance data to play as an excellent source of information. Therefore I decided to take a closer look and I noticed a familiar pattern. From my experience, the 200% fib level is not a supper common area to find support or resistance, however looking at the fib levels I have placed above, it seems to be a common variable with Bitcoin Dominance. Taking these levels into account, along with: 70% dominance area showing historical resistance Momentum divergence Volume exhaustion Near buyer exhaustion I would say from a technical standpoint, that BTC dominance may be in for a slight correction from the 70% level. I hope you all found this article interesting and maybe even a little helpful! I wish you all the best of luck!
CRYPTOCAP:BTC.D
by oh92
4
Evidence Supporting An Enormous Altcoin Bull RunThis will be my second post in a pair of extensive written posts on the crypto market today, since I have a little bit of downtime. I should probably be using my time to work on some other things....but here I am. This is going to be one of my more well thought-out posts to date. Whether or not you think this is valid is up to you. Anyway, everyone is really expecting many altcoins to die out, even established ones. I keep seeing it over and over again. Bitcoin maximalism as an overall market sentiment is extremely high. Is it time to be a contrarian? If you read my Bitcoin/overall market analysis from today, you'll see that I'm leaning slightly towards a scenario much like what happened in either November 2015 or June 2016, when Bitcoin hit the top of its long term bullish channel. Since alts have been slowly increasing since the beginning of the year, I think it's possible that we see something like what happened in July 2016, when the altcoin cap increased roughly 300% without Bitcoin moving an inch. In the above chart, I've compared the total altcoin market cap with Bitcoin during the beginning of the last bull market. I'm a visual guy (I'm an artist), so it really helps me to do things like this. The red boxes show periods of Bitcoin upwards movement, while the green boxes show sideways consolidation. The first alt rallies occurred during these consolidation periods, but they eventually started following (and outperforming) Bitcoin. It did take a while for alts and Bitcoin to start syncing up. Alts didn't even follow Bitcoin at all on its biggest move up from the bottom in November 2015. Alts didn't start gaining massively on their ratios until AFTER Bitcoin dropped from the channel resistance in June 2016, bounced, and then started going sideways on lower volume. Last week, Bitcoin touched the top of that channel for the first time in this current cycle (you can see this when you zoom out). The reason why I think today is more comparable to July 2016, rather than November 2015 is that Bitcoin is much closer to its ATH, and alts have already been increasing a fair amount over the last several months, albeit at a slower rate. That means if history were to repeat, we'd see many alts go up massively once Bitcoin can stabilize somewhere around these levels (ideally a bit above $10K, or even above $11K). This could be today, tomorrow, or within the next two weeks. That initial July 2016 rally was followed by months of sideways action as Bitcoin dropped and consolidated, with alts continuing to increase on their ratios. That initial run also happened within just a FEW DAYS. That's right. You can clearly see that here: History doesn't have to repeat of course, but if it did, this COULD be the last chance to buy alts with Bitcoin before they start to perform at levels not seen since 2017. This might indeed be the last point in time during this current bull market when alts will be lagging behind Bitcoin, rather than outperforming it. After that initial altcoin run in July 2016, the market didn't start going crazy again until early 2017, when Bitcoin broke its all-time high and Ethereum completely exploded. It should be noted that alts didn't start consistently outperforming Bitcoin until the previous all-time high was broken. After that (as you can clearly see) alts didn't really stop going up until the bubble peak in December 2017. What's also interesting to note is that we were close to the market top when alts and Bitcoin went on an extensive run TOGETHER (final red box) until Bitcoin topped out. This is the only instance on my chart with a much larger red box and smaller green box. Alts then continued up for a few weeks until Bitcoin formed the double top and finally everything started tanking. That was an entire year of insane gains. Whether or not history will repeat remains to be seen, but this is why I'm doing my best to be patient with my alts. I could be wrong. Maybe they'll never increase again, but I'd rather stay in and catch the quick moves than finally give up and watch it go up without me, leaving me only 30% of the coins I spent a year accumulating. I personally don't plan on selling certain alts until I start seeing some similar alt/bitcoin behavior akin to what happened at the end of 2017. Maybe this is unwise, but this is a gamble I'm willing to take. Anyway, since much of this analysis already has been stuck in the past, here is what's happening right now. This is kind of what I'm speculating on happening here: Also, here's what's going on with some specific alts: XLMBTC is still in a multi-month falling wedge. Could break down as well, but I'm showing this anyway: XRPBTC is sitting very close to a long term support, with still some room for further downside towards 2700-2800: EOS holding bullish channel support against the U.S. Dollar, with potential targets around $11 and $20: NEO breaking and holding above the bullish channel with a potential bullish target in the low $30's: ETH also breaking and holding above the bullish channel with the possibility of retesting $360 and even breaking out towards $500-700. The purple squiggle is a speculative scenario I drew a while ago, when comparing ETH to post-dotcom bubble Amazon: VET making a new 2019 high and sustaining above a higher low: LINK going parabolic and holding above a broadening wedge, though further upside for that one remains to be seen. This one could also drop as the rest of the market goes up: Likewise, there are some worrying signs for alts as well. It would be silly for me to present only the bullish scenario, as I've never done that in any of my analyses. Some alts like BNB and even BAT have broken down below long term support levels. It remains to be seen if other altcoins can do well while those two suffer, or if those two will have to rebound back above major supports turned resistance. I talked about BNB in a recent video (linked at bottom). Additionally, Bitcoin could prematurely break out of the bullish channel to the upside, which would be a deviation from the previous cycle. However, alts would not look bearish as a whole unless they broke down from their uptrend channel. Obviously this can happen, but there's even a decent amount of room for them to fall and still look okay. You can see that here: This is certainly not financial advice. I've been frustrated (as a believer in certain altcoins) by the price action. Many others feel the same way, of course. A lot of people keep posting that alts are dead and that they've given up and sold into Bitcoin. People have been capitulating for weeks. It feels like the pain will never end....but as I said once on a post in Reddit when Bitcoin was still below $4K earlier this year (yes, I'm quoting myself): "Look, I used to work in sales. When you want something from someone, you’re going to try your best to convince them to give it to you. Any market works the same way. Inciting fear near a bottom causes many people to unload their coins at once - capitulation. That’s when it finally reverses and all the people who got duped into selling low will be forced to buy higher. The big players encouraged the euphoria at the bubble top, which convinced many people that they were getting good deals. It’s sales, plain and simple. That’s how it works. With Bitcoin, it’s a dangerous game because the majority believes it will be worth more in the future. This means everyone will be fighting over cheaper prices. Whales have the ability to take a large amount of supply from the market, with no intention of selling any time soon. This is what allows for demand to outpace supply, which reverses the market, continuing long term price appreciation. Obviously could change, but there’s no reason to believe that, at this point." The same goes for altcoins, particularly when they're at historical lows against Bitcoin. Some may indeed never return to previous highs. But I think new people in this market will be looking for solid projects to put their Bitcoin profits into. May I ask, what is the point of people saying alts will never increase again? Are they really trying to make other people money? Not so sure that's always their intention. Human nature says otherwise. Humans can be dark, greedy creatures. We delight in the downfall of others and love being correct while others are wrong. We relish in collecting a lot of something that others wish they had. We're collectors by nature. It was our desire to collect and explore that has ultimately led to the destruction of the environment. What person wouldn't want to have all the best altcoins purely for themselves? I think it's very possible that there are people with a large amount of Bitcoin just waiting to "collect" some of these promising projects. The narrative can easily be spun in favor of alts, just remember that. Of course, there are other factors at play. Perhaps regulatory constraints and institutional involvement will make alts less desirable....but I also find that the harder it is to acquire something, the more valuable it becomes. I would also argue that the lower their liquidity and the more difficult they are to access...the faster they can increase in price. Again, these are all opinions and speculations. I'm making a lot of assumptions as well. I could be wrong, just as I've been for most of this year when I assumed alts would rise faster, sooner. Either way, I'm very excited to see how this all plays out. That's the fun of it all. Sorry for the length, but I wanted to get my thoughts out there. Thanks for reading! -Victor Cobra
CRYPTOCAP:TOTAL2Long
by VictorCobra
8
Massive Daily Breakdown in BTC Dominance - Bullish For AltcoinsHi everyone - great news for you if you're long on alts! Whether you've been bag holding for quite some time now or maybe you're like me and you've just been slowly accumulating over the last few months near bottom ends of ranges. What we have here is a daily chart comparing CRYPTOCAP:BTC.D and BINANCE:LTCBTC * Litecoin/Bitcoin in yellow. * BTC Dominance in blue. For those of you who've gone through our education program or you've been following my posts on Tradingview, you know that we like to use BTC Dominance as an inverse proxy for altcoin investor sentiment. Stated another way, when BTC Dominance goes down, alts vs. btc tend to go up. When BTC Dominance goes up, alts vs. btc tend to bleed. Shown on this chart is a massive M top that's trying to confirm within BTC Dominance as LTC/BTC has already broken out to the upside. Seeing this leads me to believe there's a good chance that the 2019 lows have been established for most of the alts. Add this intermarket analysis to the huge bullish momentum divergences confirmed across the majority of altcoins right now, all the breakouts we're seeing market-wide... and this alt market is starting to look very promising to a guy like me. I'm definitely not expecting new highs for most of these names in the short term, however, a summer rally looks to be in the cards. Even just a 50% retracement of old 52 week highs produces a 300% or 400% move for most of these coins. I've found this to be a very realistic profit objective over the years. Altcoins tend to have their rally window just beyond the point BTC puts in a top (which I think we're about to see over the next few weeks) You can check out the shorting location I'm looking for on BTC on this post: That's basically it. We talk about all of this stuff every day Monday through Friday in our 100X Challenge livestreams on Youtube. You can check that out here. FREE TRADING EDUCATION If you want to learn the basics of technical analysis, risk management, setups, and the fundamental principles of profitable trading - Check out our Level 1 course. We're giving it away for free right now (will sell for $2497) for Tradingview users to beta test over the next few weeks. Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money. Use discount code 'Tradingview' in the checkout. - learn more and get a free course preview here education.truebinary.io Cheers, FromTheEther
CRYPTOCAP:BTC.D
by bitflip01
Analysis on STEEM/BTC and price objectives Can you see the clear inverse correlation between BITTREX:STEEMBTC BINANCE:STEEMBTC and BTC Dominance? ** Not at all calling this a STEEM/BTC bottom, but the chart itself is fascinating. Some main points: 1) Sitting on support @ 2 year ATL - bust these lows and we need to redraw our fibs for profit targets. 2) Confirmed bullish momentum/volume divergence not shown on this chart, but present within OBV and MACD. 3) BTC Dominance not looking toppy which makes our bull case for STEEM/BTC unlikely at this point in time. 4) 50% retracements make for conservative and reliable price targets. Thank you Mr. Gann. 5) Majority of alts looks similar. Ran TA on STEEM because of the interesting low we're testing atm. Want to learn the basics of technical analysis, risk management, and the fundamental principles of profitable trading? Check out our Level 1 course.  Giving it away for free right now for Tradingview users to beta test over the next few weeks.  Over 20 hours worth of content, brings you from the ground up and gets you analyzing charts like smart money.  Use discount code 'Tradingview' - learn more and get a free course preview here:   education.truebinary.io
by bitflip01
1
XRPBTC ripe for breakout: but to which side?It's time for ripple again ! And I'm kinda on a roll today, no idea why, but I just can't stop with this sh*t lol. So, XRP is the only altcoin that hasn't yet risen much since BTC made the last low and started rising now. In fact, XRP seems absolutely unimpressed and the price didn't change much. We must therefore look at XRPBTC to understand why. XRPBTC is interesing: 95% of the time it keeps just going down down down, and then suddenly, around the bitcoin top, insane spikes ! We could see something similar happen as the last time. There is a large triangle within a falling wedge structure in 2015-17. Right now, a new big triangle has formed which will soon end. If XRPBTC breaks to the downside, we might see something very similar happen as in 2015-17. If it breaks sooner to the upside, the idea is invalidated. I see slightly more potential for a sooner break to the upside because stoch RSI is massively oversold on weekly. Apart from the shorter term behavior, I think XRPBTC can easily reach the peak values again in the next 2-3 years. If BTC is at 100k in 2021, XRPUSD could go as high as 25-35 USD. Nice indeed! Anyway, I'll continue to closely monitor our friend XRP here, because for me, this coin promises an interestingly high potential ROI (x100 possible imho) Please don't start with cebtralized scamcoin blablabla, I don't really care about the features of coins any more. They can also be called coin A, coin B or coin C, I see them as really interesting leverage instruments, not much more. The one true coin always remains bitcoin for me. However, I also want to use these lesser coins to make some nice gains, nothing wrong with that, hehe. And for me, XRP currently has the highest potential. That's it, and now I really stop for today XD
by SebastianofMoon
5
Bitcoin still bullish: ascending triangle in 4h chartMost think of a 2015 fractal repeat, but I have turned from short-term bear to full bull since the massive MA200 break and weekly candle close above it. I think BTC will go in this push at least to 6500 (lower limit), but as high as 7500 is indeed possible, before any major correction. We see a nice slow ascending triangle in the 4h chart. All indicators point also towards the upside, daily stoch RSI now on oversold again. BTC wants this strong push imho. Let's see :)
BITMEX:BTCUSD.PLong
by SebastianofMoon
8
Breaking The Trend?Are we breaking the downtrend? As far as I'm concerned we have two trends to break: the one with steeper angle and another with more gentle angle. As you can see we can predict the timing of breakouts very accurately with straight lines. This graph shows that we have broke out of steeper angle trend and poked little bit of gentler one. In my book we need to haven't quite broke out of the downtrend yet. We sit on the 2017 September resistance levels which turned support in October. For that to happen we needed quite aggressive push to 6000+ and the rest is history. I'm waiting this to happen, but meanwhile I want to show you this portfolio management tool. You can see inverse correlation against other altcoins so it makes trading easier when you can track which coins are on downtrend and which are going up. It works in all time frames so it's valuable tool when it comes to trend analysis. Does not work in Binance, because apparently we TV doesn't have Binance support for this just yet. I'm working on making it support all coins. These are random coins to play with.
BITMEX:XBT
by HeOnSun