I promise to post here regularly, but keep in mind that this blog is part-time hobby for me to keep track of my own discipline, emotions and market thoughts, as I'm not a full-time crypto trader and have a day job. Apart from that I'm working on an interesting crypto-related project for cryptocurrency portfolio management with my partners, which we will be ready to disccuss later on, as it is not user-ready yet.
1. For now lets start with a context: here's a screenshot of past weeks performance of top 9 USDT-based cryptocurrencies from poloniex (I'm using this exchange).
This is price action against VWAP and standard deviation bands around the avergage for the past week (23 oct till 29 oct). As you can see BTC looks the strongest, ETH is catching up. Everything else besides ETC seems to be in downtrend.
2. I am a fan of IOTA (https://bitcointalk.org/index.php?topic=1216479.11580) this is why here's basic analysis of this coin on a period of next 2 month.
For IOT to get an uptrend it first has to break the 0.5 level, the trigger for this would be some major announcement from IOT team, new re so you have to monitor their blog. Another possibility for going above 0.5 is a growth of overall market, where BTC leads the way and alts catch up. IOTA has some good-looking cycles, so the next "major" dates to watch for are 23rd of november and 25th of december:
https://www.tradingview.com/x/N1TrcBXV/
My strategy is to wait here. The trend is downwards, I've already bough IOTA at avg. of 0.5 and now I'm a mid to long-term investor!
3. Some BTC thoughts: The trend is strong with this one, some people talk about H&S pattern, but IMO that's not the case here, BTC is going up unless it dives below 5600-5500, so watch it closesly starting next week. Current rate of ascending of BTC, suggests it could reach 6500 by the end of next week:
https://www.tradingview.com/x/8vMclPjw/