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Altcoin Index Perpetual Futures

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ALTPERP trade ideas

BTC : SHALL WE TRUST THE THURSDAY CANDLE? Hello everybody, points I will cover: - we are in a high indecision area at 7700-7400 - data is mixed so I tried to find evidence somewhere else than BTC chart as you know I liked the thursday candle as we got the TP there, anyway I didn't like the close much. After the spike at 7750, which would have been a great level to close at because above the retracement area and at levels pre-March dump. Also, if you follow me, you know that the accumulation area is 5800-7600 (linked idea). So, pity we didn't close above that level. Moreover, pretty much the whole movement happened in 1 hour and was not backed on friday, even if we saw some consolidation. Other data is mixed, as Longs and Shorts position are rising together and the ratio between the 2 is approaching 1, which means that for each short open, there is a long. This means high uncertainty on the market. We are literally trapped between upper boundary of a descending and ascending channel, so we have to find some evidence somewhere else. I noticed that top 10 index for crypto ex bitcoin and excluding tether (for obious reasons) did not reach new local high as happened in BTC. Lower cap coins did but we know they tend to magnify BTC moves. This more mature coins "miss" makes me think that the spike was just a short squezze that triggered many longs located just . As I said, everything happened in 1 hour. The movement was not backed the day after (but there was also the futures expiry on friday). My view is bullish but I am more biased towards a down movement now. Will be interesting to see what happens on Monday. I will provide another idea to show you exactly what I have in mind as levels and as channels. This was just to provide you with other data. Let me know what you think!
FTX:ALTPERP
by edutradinguru
Stay away from altsHello everyone, this is our view on altperp, enjoy! Analysis: Their were nothing and they're supposed to be nothing. But we can make good profit as well. We're now approaching sellzone in a big bull flag which we're not breaking out these days for sure due to no volume in most of alts. We had a good time, but now a big dump is coming for Bitcoin too. We've just ended a no reason (classical reason to see one) parabolic move, now preparing for the following falling wedge. Ended the Elliott impulse waves, so now expecting a retracement through C. Golden cross ma50-ma200, but i believe that's due to very large movement we made according with bitcoin. First target short will be on ema200. Already below wma10, now minor resistance. Waiting for the next pump through the upper band, which will certainly mark an higher high in overbought and then dump it straight to lower band. Ichimoku cloud is thin as there was no resistance during the pump. Bearish divergence on fisher transform and on many laggings (chaikin, moneyflow, rsi, stoch and uo, all of them from overbought), which of course have good room for a leg down in an uptrend, but it could be very large as well. In particular stochastic looks very bearish on many different lenghts (14,3,3 ; 20,3,3 ; 14,3,50 ; 14,3,100). Bearish momentum on ao, which also marked a bearish divergence. On the other hand macd looks very good in momentum, but formed a bear pattern and a death cross too. Big G accumulation on greed & fear. Strategy: Just like btc, expect one more higher high (lower high on bigger timeframes) and then the dump. Alts will bleed, go short on them while growing another 2-3% before the dump. Always put stoploss in your trades. Trade safe. Anlvis.
FTX:ALTPERPShort
by Anlvis
The signs are there - the bears are finished for nowConsider the angular symmetry in this chart. The yellow line that connects points A and B is used to determine the angle of descent from historic data. When that line is copied with the exact same angle and projected from the previous low labelled C, the result is more support around the 1.618 level. Projecting the same line from the interim low marked D gives more support for the close prices a little higher. Altcoin has just finished a classic 1.618 extension (see white Fibonacci levels). This is a strong support indications. The price came down to support on a large candle on extreme volume. This is called a selling climax and is, in this case, a sign of trend exhaustion. Bears would probably struggle to push price any lower. These signs indicate the bears have had their say and the bulls will likely take over. A break below 458 would invalidate the other signals and suggest bears are back in control. Otherwise, there's plenty of upside.
FTX:ALTPERPLong
by Quantium_Research
1
The signs are there - the bears are finished for nowConsider the angular symmetry in this chart. The yellow line that connects points A and B is used to determine the angle of descent from historic data. When that line is copied with the exact same angle and projected from the previous low labelled C, the result is more support around the 1.618 level. Projecting the same line from the interim low marked D gives more support for the close prices a little higher. Altcoin has just finished a classic 1.618 extension (see white Fibonacci levels). This is a strong support indications. The price came down to support on a large candle on extreme volume. This is called a selling climax and is, in this case, a sign of trend exhaustion. Bears would probably struggle to push price any lower. These signs indicate the bears have had their say and the bulls will likely take over. A break below 458 would invalidate the other signals and suggest bears are back in control. Otherwise, there's plenty of upside.
FTX:ALTPERPLong
by Quantium_Research
Altcoins - The choice is always yours.Hi, today we are going to talk about Altcoins and its current landscape. We had a strong impact on the price after he was squeezed by the Downtrend and Uptrend Lines. However, the Bears won this journey, making an expressive Breakout of the Uptrend Line with massive volume, creating then a toxic environment for the Altcoins, pushing away the dream of the Altseason. Unfortunately, this is just the start of the Bears Feast. Reduce your exposure in Altcoins, because of a tsunami is coming. Thank you for reading and leave your comments if you like.
FTX:ALTPERPShort
by Igor-Silva
3