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12.2.2020 - Enigma (ENG / BTC)Hi Traders! In the last two analyzes, we have focused on bitcoin and so far have been wonderful! Today is the time for a smaller altcoin. As a potential profitable candidate, we choose Enigma today. On the chart, we can see 3 basic cycles on the market. The bull market, bear market and sideway movement. At the moment, ENG creates bigger highs and bigger lows and has 2 very strong resistances on its way: 1. Trendline 2. MA200 on the daily chart If we cannot break through these resistances, it will not look well at all and support may not help. We have been trading a lot in similar situations in the last few weeks and have mostly gone up. This should be a similar example. However, the market must be seen as a whole and bitcoin is slowly approaching our target. At the same time, its dominance is declining, which must also be taken into account. However, Enigma is a beautiful example of an altcoin that has a very nice chart and a breakout should come soon. It's one of the cryptocurrencies that is currently worth watching. May the crypto be with you!
ELong
by DolleroTechnology
Simple Bitcoin Ultimate Forecast into 2020Capitulation is basically when Miners stop mining and sell some of their bitcoins to keep operations going. However Capitulation is more likely to occur at the end of every annual year now due to regulation and taxes. It is easier to calculate loss/profit by shutting or slowing the network down and washing your hands so to speak. Power consumption costs are higher during the winter time as well. So with that said the ultimate guide and advice I am giving myself is to play it short, wait for capitulation cycle to open and and buy all in as the capitulation cycle is closing. This chart is an emulation scenario of the next "possible" 50% drop ***I am not a FINRA registered agent or broker (As of Yet) and this is not financial advice, Please always do your own research, As Bitcoin is a highly volatile asset.***
COINBASE:BTCUSDShort
by ILL_Midas
6
Altcoin Season Ends Before the End of the YearBitcoin dominance is falling rapidly, which shows growing interest in Altcoins, especially top Altcoins which have enabled Margin Trading. From what it seems, the alt season has already started, but it might not last that long. According to my analisis BTC.D will continue to move down, towards 60% dominance till the end of this year. Then BTC might take the lead once again.... BUT, if the support will be broken, this will be indication of a growing interest in blockchain overall, and BTC.D might go down to 30-40%. This would be a true paradice for TOP Alts.
CRYPTOCAP:BTC.DShort
by CryptoPAMM
3
Altcoin Season 2019, START - Everything you Need to KnowIn the first ever post coming from BitOwned, I'm going to drop some knowledge. This is something I kept secret for me and some select people that have been chasing with me the next altcoins bull market. All this until today, when I decided to share the knowledge with you and everyone who would like to join our community and be part of this group. If you're reading this post and you are being motivated to read, understand and also do your own additional research of what I'm going to teach you, then lets get to the subject line. What is Altcoin Season? This is a term frequently used when altcoins prices in the cryptocurency market start to rise. We will consider the TOP100 from the cryptomarketcap.com for this, as the other 1000s of cryptocurrency don't always follow the first 100 and the volume can make it hard to predict when they are going to rise or fall. When do Altcoins Start to Rise? One pattern which many people have missed is that they follow very precisely the 'OTHERS DOMINACE' CRYPTOCAP:OTHERS.D or 'Market Cap Others Dominance'. This is the dominance, in percentage, of Total Crypto Market Cap minus Bitcoin's Market Cap. If you will analyse this chart properly against some of the major Altcoins Charts (in this example I used the Ethereum chart), you can spot some levels which after they are retested, the Altcoins prices start to rise. To strengthen this argument, we can take for example the ETH July 2016 - March 2017 BITFINEX:ETHUSD Chart and compare it against the Others Dominance chart from the same period of time as I did below. You will notice the 2017 Bull-Run started right after the dominance fell through a support level previously (resistance) broken before making the July 2016 Highs. After breaking this level again and sustaining above, Ethereum went on a never seen before bull-run. tradingview(.)com/x/Z5SZVYA0/ (ETH CHART) This is enough to grow my confidence in the Altcoin Markets and to see how close we are to reaching moon agian. In addition to this, the recent fall that we are experiencing, right before Bitcoin's major price rice from $3000 level can get money flowing from Bitcoin to Altcoins as they are at irresistible prices right now and Bitcoin's move have boosted the confidence of the retail investors in this market. Right now altcoins may seem like a great investment being at the lows, with any announcement around the corner, rumours about XRP, a big pump of ETH, we can see FOMO and a great reversal from the Altcoins at any time soon. Are we going to have new highs in altcoins? I believe we can see an increase in the price this year but according to my charts, we are can see new highs (major) around end of 2020. Technically this year having new highs I would say Yes and No because some charts and other technical findings can contradict my above statement about 2020. More on this later.. Follow BitOwned and I will continue to describe exactly why yes, why no, and what should you do. Happy to hear your opinion too. Please leave a comment below and lets discuss this. :) Yours, BitOwner @bitowned
CRYPTOCAP:OTHERS.DLong
by BitOwned
1
$altseason wave 4 retracement- mini alt season before a huge oneEW analsysis of BTC dominance shows that we should be in wave 4 of the last wave 5 of 5. It s synonym of mini alt season, it will be followed by a wave 5 where BTC will pump again against alts, then it will be the crash and a big one. The targets for the wave 4 are in red on the chart. I tend to think the first red line at the 23.6 retracement is the most probable as wave 3 has been in hyper extension, which is most of the time synonym of short wave 4. I would long alts now until the 1st target is reached. Happy trading beautiful people!
CRYPTOCAP:BTC.DLong
by absolutefreedom