$altcoin Market Cap looks bullish for #altseasonmany altcoins are sleeping for many days in btc pair thats the reason we are halted for those to catch up . Then we will move higher. The impulse wave might start after that move. Lets see hope for the best.
If the support helds, then the market would be ready to move higher.
Altseason2021
Fina leg of Alt Season on its wayTotal 2 is Altcoin MCAP (Excludes BTC MCAP)
This chart illustrates the previous Crypto bull market Altseason we had back in 2017. We are repeating a similar large range re-accumulation + mark-up period.
I don't believe we will have the anywhere near the same % increase in the final leg of Alt season, but I do believe it will be quite large - near a 4x to 9x from current market cap, I'd figure. This may put us somewhere at $3.2T MCAP up to $5T MCAP for Altcoins.
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OMGBought some OMG with my stock market profits. I think we have a seriously wrecked alt coin that will play catch up to BTC whenever BTC.D reverses down towards 40%. When is that? Don't know for sure but my spider sense tingles pretty much daily now as BTC approaches my $75k TP.
I think once BTC hits that TP (or even $82k) we should get an Alt season of epic proportions. So timing a perfect entry is almost impossible & the alt coin market cap looks very strong.
I decided to buy at $5.20. I can handle a possible correction action back down to $4, I just won't sell because I know that up only is the way heading forward and bears just keep getting small wins the bulls control the space now until they don't.
Not to sound completely BullTarded here but the BTC fib extension is currently headed towards 3.618 at $72k with a very possible over shot due to momentum. If my theory is correct then when altcoins due catch up to BTC during the crash in BTC.D the alt coins will hit that same fib extension level. For OMG that level is around $230-$245.
Anyway good luck guys.
Is RSR/USDT ready for it's next leg up?I've been trading in and out RSR/USDT since . 01 and it is the gift that keeps on giving.
I am shitcoin_rich. I'm just some guy who made it in 2017 and gave a lot back to the market in 2018 and 2019, but, I learned a lot of great lessons and nuances of the alt market. My TA is meant to be simple, no gann fann's and fib circles. A few alt coin trading tips. I trade with EMA's as my baseline with price action as my basis for exact entries. I use fibonnaci/ market geometry/ indicators/ divergence for confluence on my entries/ exits. I am the farthest thing from a financial advisor.
1) When BTC is trending bearish , alts are mostly bearish .
2) When BTC is trending bullish , alts are mostly neutral or bearish .
3) When BTC is consolidating, alts are most neutral or bullish .
4) After a BTC bull trend, and moves into short to mid term consolidation, money almost ALWAYS moves into alts.
5) Alts follow Ethereum's macro trail mostly. Ethereum follows BTC's macro trail mostly.
6) If you trade alts with bearish momentum for Bitcoin or Ethereum , odds are you will lose.
BTC is King. Ethereum is queen. Alts are volatile peasants.
Trade Alt coins when BTC and ETH have bullish and/or sideways conditions.
RSR/USDT put in the daily high on Feb 13th, and the daily swing low on Feb 23rd, and has broken market structure to the upside on March 9th . Some technical observations, especially regarding the Feb 23 low.
- The February 23 low tagged the macro .618 fib extension and reacted bullishly. The low also wicked bullishly with a hanging man candle into a weekly order block. The reaction of the low put in a close of a higher high. And lastly the low tagged the Daily 55 EMA and moved bullishly away.
- Subsequently we have put in a higher high at .083 cents and I am looking for a support/ resistance flip at the .067 local high. If that area (local . 618 retracement / 6hr 55ema) holds, I am forecasting the next leg up to .13
I am bullish on RSR's fundamentals and expect it to reach .50 and maybe even 1.00 this year IF BTC and ETH hold bullish macro market structure.
And remember! Don't over risk! DYOR! Have a trading plan!
Anticipation ... VRA/BTC #Verasity #VRA $VRAHere we see our VRA BTC daily chart from Kucoin. RIght on track our light blue 50 MA is going to cross up into our dark blue 200 MA . That's the Golden Cross we've been talking about. I'll link the related chart below . This is still very Bullish for our chart and as you see we wicked up to touch that red line ( that's the VPVR indicator .) If Altseason is starting then what are the possible targets here for VRA ? Well , our fibs could be the targets and next one above us is this :
4827 - that's our .236 fib
7728 - that's our .382 fib
10072 - that's our .5 fib
12416 - that's our .618 fib
Let's see how this does in 2021 - thank you for reading !
BITCOIN Price Breaks $52000, What`s next? On BTC Dominance we are located on strong support area between 59.7 and 61 approx. on 4H TF we can see that this support is quite strong, but LL and LH show us that we have down trend and its a matter of time when we will break this support through and go below on the way to altseason!
From the last BTC update the price perfectly worked our and we could see break out of 52K resisatance area.
Now when the price in around 54K I`d like to see that 52K area will be our support are, so we can go to the next resistance, which is 55K area.
I doubt that 52K won`t be able to be our support, but in case if NO, then we are going to 49.5K support.
So my next target is to see 52K as a support and wait till we test 56K resistance area, if break out will be succesful, highly likely we will see new ATH soon.
P.S.
It is my personal opinion. I am not financial adviser. DYOR.
Have a nice day!!!
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RSR MIGHT RETEST TO 0.067 ZONERSR may revisit the 0.067 zone for the healthy retracement. We've been see this gem recently a good price action, but in a healthy market there's no such thing that is full vertical pump healthy correction occurs after a pump.
Price target are shown inside this chart. Thank me later.
Understanding the Hyper Altseason & Lessons in Parabolic MotionGlossary:
Alteason : When 80% of the top 100 cryptocurrencies overperforms Bitcoin over a period of 90 days, it is generally considered an Altseason.
Parabola : A special curve, shaped like an arch.
Parabolic Market Phases:
- Bowl-shaped Accumulation
- Minor Base Re-accumulation
- Hyper Parabolic Markup
- Hyper Parabolic Distribution + Mark-down
Market Psychology in Parabolic Motion:
- Exponential growth is counterintuitive. So expect the unexpected.
- People usually don't understand exponential growth. Hence, one turns in utter awe, when the market makes such movements.
- When exponential growth takes place people usually underestimate how quickly things can change. So, people wait to anticipate a big drop in price, which never comes.
A hyper-alt season is imminent under the following conditions:
- Bitcoin dominance (BTC.D) falling below 57, and Others (OTHERS.D) dominance going above 12.2
- In total, Bitcoin had 2 complete cycles. Altcoins only participated with Bitcoin in the second cycle, which means Altcoins are one cycle behind Bitcoin.
- If Bitcoin returns 10X in this cycle, altcoins will bring 20X to 100x in this cycle.
- Second cycle or in other words Wave 3 of Elliot Wave is the biggest move of any trend. If this is the second cycle, imagine where this alt season can take us.
My conservative prediction in 2021 for altcoins: 5.1 Trillion Market Cap
What to take from all this:
- Start accumulating altcoins. Add more as the market moves in your favor, add more in reaccumulation phases, make so much money that you can do what you dream about. That's all.
$GLXY $BRPHF Unicorn in the makingWe can see $100k BTC in six weeks, followed by 30-40% correction and the biggest alt season ever. $GLXY $BRPHF is a powerhouse, an investment for the long-term, not a trade.
Select Financial Highlights for the fourth quarter of 2020, ended December 31, 2020
"The Company expects to report Comprehensive Income1 for the quarter ended December 31, 2020 to exceed $325 million, representing a sequential quarter-over-quarter increase of over 650%."
Dent has broken the bigger falling wedgeLike you're seeing, we're witnessing a bigger falling wedge and which has already broken the triangle on the 4 hour chart.
This is bullish and could back get it's high towards 0.0027$
Long term 0.07$ and beyond it's all time high around 0.70$
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OTHERS.D and ALTsaisonAlt season is in full effect.
Although cryptocurrency is generally in a bear market in March, I don't think that will be the case this year. The OTHERS.D chart looks too good. One thing to keep in mind that stable coins make up a significant component of this basket.
Bullish pennant on very long time frame. I'm expecting this to hit the top of the channel and then cool off for a few weeks after (where it then might be a good time to de-risk altcoins). One more pop to the upside then we are done for a while. We have had a great start to this year, but the party doesn't last forever! Do not be a bag holder.
If you were around in 2017-18, you know that Altcoins have the potential to bleed 99% of their value. Standout alts aside kept rising (e.g. LINK and THETA), but can you guarantee your alt is really that special?