Totalcryptomarket
ETH Holding the Altcoin Scene Back - Read!It can be seen on the chart that excludes bitcoin and ethereum that alts have been popping off. With a Gaussian Channel that is green.
The market cap that includes ethereum the Gaussian channel can be seen to be still red.
Once this turns green the real altcoin rally will begin.
I still believe that it is alt season when TOTAL2% > TOTAL in either direction, positive or negative, it is alt-season.
Go long Ethereum, Marry the market.
CRYPTO TOTAL MARKET CAP - Breakout retest? Most of the breakthroughs are ultimately fake breakthroughs, which means that the market is not actually moving in the direction of the break and is simply trapped by professional traders to lure traders to break in the wrong direction. Using confirming price action on a retest also provides you with a great place to “hide” your stop loss. As you may well know, you always want to place your stop loss at a level where the setup is invalidated if hit. Waiting for confirming price action gives you the perfect opportunity to do just that. When a bullish or bearish pin bar forms on a retest, you can use the tail of the pin bar as your invalidation level. In other words, if the market moves past the tail the setup is no longer valid.
Possible movements of the total crypto market valueIf you look at the chart, the crypto market value made a bullish rally until the first quarter of 2018. Afterwards, market value; suffered a decline. The first bullish wave acted in a half curve pattern. In the downtrend, we see that it moves in a smaller size curve pattern. The chart now faces very strong resistance; however, a strong rise may come when it crosses this resistance area. If this chart breaks up, it will also break the long-term bull pattern up. This situation may lead to an increase in the market in the medium and long term.
Possible movements are shown by the arrow. The direction is up unless the market value is closed weekly below the small curve pattern.
Altcoins Looking Thick. (TOTAL2)I keep on bringing up how exhausted the the altcoin market is.
Most coins retraced completely. Now we getting this sideways compression.
I'm going with a bull setup.
I can't see people selling at these prices.
The end of compression is a couple months after bitcoin halving.
Will the alts ever run again?
I say yes.... yes they will.
Hodl on cowboy. Time to pull them precious coins of yours off those scammy exchanges. Lock em up and call it a day.
TOTAL technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support
📌Why DepaDigitalTrading:
*Fundamental side in analysis
*Price action - FIBO - Candl pattern
*FX - STOCK - CRYPTO
*Day trader - Swing trader - Position trader - "Sniper"
*Simple ideas
💡 TOTAL technicaly based idea, technicaly indicators showing we can expect higher bulish market continuation, we can see good bulish candels formation, expecting to see push in price till FIBO 0.6 or till supp green line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
BTC/USD (Bullish pattern; target 8k?)BTC/USD
Bitcoin proves today that the bulls are still interested in the market despite the whole sector's uncertainty.
BTC is technically forming a bullish ascending pattern which has the probability of breaking
to the upside if the flat resistance is broken with convincing volume.
Trading with patterns without confirmation breakout is a high risk especially during this time.
The safest way to enter this trade is to wait for the breakout confirmation Long position or if you want to be an aggressive Bull.
Entering a long position with a tight stop-loss below the previous higher low at 6200 dollars.