Altseason2020
ETHBTC: Still Looks GoodDespite overall altcoin weakness ETHBTC pair still looks good on weekly and on a daily.
I think we can expect powerful move up, like last times or retest of the 0.025-0.026 sat support level.
I'm out of position, watching from the sidelines. Depending on BTCUSD I would be consider a long from 0.026 sat level.
Information is just for educational purposes, never financial advice. Always do your own research.
APPC set upSeems like APPC have retrace from his previsou pump and now consolidating above its previous resistance
444 seems like a good place to get fill before another move up
Aion Breakout Setup | 100% + TargetBuy below 1430 for long term filling my small bags here
long term looks very powerful
Crypto Total Market Cap Ex. BTC TA Update (Altseason ahead?)Crypto Total Market Cap Excluded BTC
TOTAL2 is starting to trade outside this trend-line resistance, the pump started last Dec 2019 since then, most Altcoins entered the bullish territory and significant gains are achieved within a short period of time.
If TOTAL2 confirmed the breakout of this pattern, we can expect its growth up to 206B market cap and we will experience a longer Altseason for the next following months.
Bitcoin Dominance analysis : Is an alt season over?The cryptocurrency market is witnessing a correction for the last 48 hours, Bitcoin price had dropped from 10500$ to 9700$, and Major cap altcoins like XRP,ETH, LTC and EOS saw an average drop of over 15% in last 48 hours. Cryptocurrency market cap lost 30B$ value in past 48 hours, while Bitcoin dominance saw an increase of 5%.
Now the question is?
Is it a normal correction for altcoins, or Season is over? To find the answer, we will look into Bitcoin Dominance Technicals.
Findings based on Daily Timeframe chart
BTC.D broke down from a Major trendline last week, which hold the BTC.D above this support for 10 months.
BTC.D bounced back from support at 62%, from which BTC.D had bounced in July’19, after that Altcoins started dropping to new lows.
Bitcoin dominance retested Trendline neckline support yesterday, and currently trading below that.
Opinion
Altcoins can recover quick, and push for another bullish wave only if Bitcoin dominance stays below 65-66% – which is also a trendline neckline support. In that case, Bitcoin dominance could drop below 58% in next few days.
If BTC.D manages to stay above 66%, then there is a more than 50% chances that – altcoins can continue drop against bitcoin till Bitcoin Halving.
Check out our long term Bitcoin Price analysis -
itsblockchain.com
ALT season? BTC dominance and alt market inverse correlationthis chart comparing BTC dominance and ETHBTC pair (representing here the alt market)
There is almost a perfect inverse correlation between both
the begining of the rise of the BTCD is matching with the ETH top
after that falling on ETH/BTC pair and rising of BTC dominance with some oposite correlation on some period
We can see the break of the BTC D ascending channel and start of an uptrend on alts, we might be seeing an alt season :p
COS is about to make a measured move up. Uptrend forming. COS(Contentos) is about to make a measured move up. Uptrend forming.
As you can see COS is about to break out of the price consolidation of the triangle. As altcoins are now, chances are very high that it continues it's uptrend in an accelerated state.
Do not forget your good risk management habits, but do not let the fear of the bear market programming to keep you away from the good setups!
Welp, Lets See How This Chart Ages.Either the bottom is in or this is going to zero.
We may see a short retrace to the bottom of the pitchfork channel at ~.7 cents before continuing up.
We are sitting just under a major fib at the moment, but given the conditions of the market lately it wouldn't be a surprise if this turned into a impulse wave up.
(In my opinion it looks like we just completed a massive ABC correction downwards)
This is a very small market cap alt sitting at just over 5.3 Million dollars risk reward is there if you want to take the gamble.
As always DYOR and safe trading.
BTC Dominance falling, potential to hit 51%?After reaching a double top on both the price and the RSI on the monthly chart, the Bitcoin Dominance has declined sharply. This resulted in BTCD falling out of a rising wedge or descending channel, whichever way you want to look at it. Following this move, we are breaking the first monthly support at around 63.6. The next 2 monthly supports are at 58 and 51.5%.
Will we reach 51%?
After this, supports are in the lower 40 area.
What strengthens this trend shift is that it's accompanied by many bullish signs for the altcoin marketcap, such as a multi-year pattern breakout which could rise further from 108 billion to 225 billion in the coming months (Also, see my daily fractal
and monthly fractal
shared in early January.