Just buy bitcoin and a little ETH on the side. literally every other post in here is asking what crypto to buy, when to buy. we are obviously well past the point where there is no reasonable connection between value or potential and the price of altcoins right now. People are just throwing stupid money into altcoins out of pure FOMO right now.
You're way too late to find the next big thing in the middle of this run. And no one is ever going to tell you what it is. If you want to speculate with altcoins just wait until after the crash done and things calm down. It won't be long now. If you absolutely insist on buying altcoins just go to Coinmarketcap and pick from the top ten, that way you still have a decent chance of having some of your money in a few months.
Topic: [Charts] Altcoin Speculation Already Here? (October 2019 TA, Updated: July 2020) - page 3. (Read 774 times)
October 11, 2019, 10:55:06 AM
October 11, 2019, 09:44:56 AM
I think it will be difficult if BTC still dominates, maybe ALT starts to show an increase in the past few weeks but that doesn't prove the ALT season will arrive, because BTC is still very high with its dominance, maybe after the next BTC halving, its dominance will decrease but it doesn't guarantee it will happen ALT season.
There will be selected ALTS like xrp,ltc,bch and more of them that will shine through when bitcoin dominates the entire market, but not with shitcoins. I wouldn't expect that ALT season will commence, but I do hope it will in the perfect time. Much better if my altcoin holding will be carried into domino effect of the entire crypto market, once real bullish run happens next year or following years to come.
the tops coins are going to be on top who will shine of course. you will not notice the ones that shine lightly because they are too behind though. if those altcoin holders just dumped what they got earlier than the start of 2019, the earlier should we see the oversold altcoin situation and the earlier could there be if there will really be an altcoin season. XRP is holding its wall.
October 11, 2019, 09:21:15 AM
I think it will be difficult if BTC still dominates, maybe ALT starts to show an increase in the past few weeks but that doesn't prove the ALT season will arrive, because BTC is still very high with its dominance, maybe after the next BTC halving, its dominance will decrease but it doesn't guarantee it will happen ALT season.
There will be selected ALTS like xrp,ltc,bch and more of them that will shine through when bitcoin dominates the entire market, but not with shitcoins. I wouldn't expect that ALT season will commence, but I do hope it will in the perfect time. Much better if my altcoin holding will be carried into domino effect of the entire crypto market, once real bullish run happens next year or following years to come.
October 11, 2019, 08:22:03 AM
no one can guarantee that altcoin will rise, the price of altcoin this year seems hopeless because demand in the market is not too much better you keep the assets you have in bitcoin to be safer.
Has it also occur to you that utility of majority of the alts in the market are zero, how can they have a demand when they are not useful, many alts will most likely suffer this low price for sometime, the safest investment now is btc, but there are few alts with utility that are worthy of investing on to make profit.
October 11, 2019, 07:38:16 AM
I think it will be difficult if BTC still dominates, maybe ALT starts to show an increase in the past few weeks but that doesn't prove the ALT season will arrive, because BTC is still very high with its dominance, maybe after the next BTC halving, its dominance will decrease but it doesn't guarantee it will happen ALT season.
October 09, 2019, 07:14:14 AM
It's not yet time to speculate about altcoin season cos Investors are not investing that much like before and we've thousand of projects out there that haven't meet up with their fund raising. It will be difficult for us to experience altcoin season again as of 2017. Investors have already lose hope on altcoin due to scam
October 09, 2019, 07:09:55 AM
Here's a nice example of a speculative altcoin looking to breakout to the upside against BTC:
October 08, 2019, 06:36:37 PM
There is constant manipulation of subcoins. I think it's necessary to get used to it, because that's what makes the price move. Is there any real technology? I think we do. Payment systems will somehow be integrated into this scheme.
October 08, 2019, 04:42:21 PM
altcoins are looking very good now
may go more down, but very close to get to the bottom
may go more down, but very close to get to the bottom
The main difference between the next market growth and 2017 is that now cryptocurrencies will not only have whitepapers. Projects in the next season of altcoins will grow due to the provision of work products and a wide user base. Altcoins are still a risky investment, but now the market is much healthier. Alts really have a chance to go to the Moon. However, the main criterion for the start of the altcoin season is Bitcoin domination decrease.
October 08, 2019, 04:41:37 PM
Nothing is yet true until coins grow exponentially. Bulltrap had been trapping those investors and were selling after seeing the price dips more after some high rank users hills for it. This is nothing new so if RSI tells you its oversold, it doesn't mean investors are going to buy. You wait because in matter of days, its all going to be dumped on you.
October 08, 2019, 04:29:33 PM
Altcoins are a very good tool for speculating in the cryptocurrency market. I think that we should now buy all the cheap coins, where the capitalization is below $ 20 million. The expected profit can be up to 500% next year.
Solid altcoins with low market cap of below $20 million dollars is good to buy, because they are the ones that still have the chances of increasing so big and I think that in the last bull run, most of the altcoins that were able to head for 100x to 1000x are those coins that are below such cap, but I really don't know what will happen in the crypto space this period.People are not much encouraged to participate in altcoin investment right now and even if we have a sign of bull trend for altcoins, it would still take investors to make it come to pass, otherwise we will just jeep seeing these signs without being able to so anything much with it. I pray that by next year, the upgrade that Ethereum intends doing will have some effect on the market as it did in year 2017.
This is our best moment to buy profitable coins while its hasn't gained an expensive price yet. Dipped price was our good opportunity to catch, while we're in the midst of bearish trend that has been so hard to predict until now. Whales are really within control with this, and if the people won't gamble for this bravely I guess this won't suppress but continued to initiate a serious dominance.
October 08, 2019, 02:57:40 PM
Another alt TA thread? i do find this stuff interesting to look at, but i never understood the guys that make those charts all day
Crypto is not like traditional markets, it dosent follow ANY TA.
Dudes end up (like a broken clock) right now and again and become self professed Twitter crypto gurus tho apparently
Crypto is not like traditional markets, it dosent follow ANY TA.
Dudes end up (like a broken clock) right now and again and become self professed Twitter crypto gurus tho apparently
October 08, 2019, 11:28:57 AM
I'm still waiting for this moment because this year there has been an increase for altcoin itself, the growth is still quite slow than bitcoin. big hopes are saved for altcoin to grow and provide benefits for their investors
October 08, 2019, 06:57:54 AM
Truly a man sees what he wants to see. Yes, we want the altcoins come back. But the altcoin market is still in a downtrend. Attaching great importance to TA in such conditions can be harmful.
Agreed, the altcoin market is still in a downtrend. At no point in this analysis was I suggesting the altcoin market would rise, only that the market dominance would.
I've also updated the OP with analysis of Altcoin dominance (1-BTC.D+99) from a few weeks ago which is playing out nicely for anyone interested.
For reference sake this is the BTC.D chart "upside down".
Altcoin Dominance Bouncing From 0.382 Fib Retracement (18/09)
Source" Trading View, September 18th 2019. Screenshot: October 8th 2019
Source" Trading View, September 18th 2019. Screenshot: October 8th 2019
Bouncing from 0.382 fib retracement, altcoin dominance has broken above the 200 Week MA (29.65%), RSI now left oversold conditions and MACD about to bull cross. "ALT.D" ( 1-BTC .D+99) needs to close the weekly above the 200 MA to remain bullish , but otherwise the risk/reward is there for a trade to the 0.5 fib retracement (49.95%) and resistance level . This would be a trade on the monthly scale on the left with the price bouncing back from the 50 MA to the 20 Month MA (*).
(*) Correction included
October 08, 2019, 03:20:35 AM
Altcoins are a very good tool for speculating in the cryptocurrency market. I think that we should now buy all the cheap coins, where the capitalization is below $ 20 million. The expected profit can be up to 500% next year.
Solid altcoins with low market cap of below $20 million dollars is good to buy, because they are the ones that still have the chances of increasing so big and I think that in the last bull run, most of the altcoins that were able to head for 100x to 1000x are those coins that are below such cap, but I really don't know what will happen in the crypto space this period.People are not much encouraged to participate in altcoin investment right now and even if we have a sign of bull trend for altcoins, it would still take investors to make it come to pass, otherwise we will just jeep seeing these signs without being able to so anything much with it. I pray that by next year, the upgrade that Ethereum intends doing will have some effect on the market as it did in year 2017.
October 07, 2019, 08:06:23 AM
Yea altcoins look good
but you need to know that they will do what people expect less
the market is highly manipulated and have a lot of room of going down
but you need to know that they will do what people expect less
the market is highly manipulated and have a lot of room of going down
i don't understand with you,,
with your words about market is highly manipulated, my simple question mate, who is manipulated the market ?
because need a huge money to manipulated the market mate
I thought these articles are enough to explain to you a lot about what happened and who is manipulating the market right now.
https://blockonomi.com/what-is-a-whale/
https://www.forbes.com/sites/billybambrough/2019/03/20/researchers-issue-genuine-bitcoin-and-crypto-exchange-warning/#beb3a4d1833b
Keep in your mind if there was a lot of whales in the market with huge money.
October 07, 2019, 04:38:29 AM
Truly a man sees what he wants to see. Yes, we want the altcoins come back. But the altcoin market is still in a downtrend. Attaching great importance to TA in such conditions can be harmful.
October 06, 2019, 07:05:59 PM
Yea altcoins look good
but you need to know that they will do what people expect less
the market is highly manipulated and have a lot of room of going down
but you need to know that they will do what people expect less
the market is highly manipulated and have a lot of room of going down
i don't understand with you,,
with your words about market is highly manipulated, my simple question mate, who is manipulated the market ?
because need a huge money to manipulated the market mate
October 06, 2019, 11:32:50 AM
Quote
The above chart indicates that Ethereum price is clearly setting up for the next crucial break either above $185 or below $170. As long as the price is trading below the $185 resistance and the 100 SMA, there are chances of a downside break in the near term.
Technical Indicators
4 hours MACD – The MACD for ETH/USD is slowly moving into the bearish zone.
4 hours RSI – The RSI for ETH/USD is still well below the 50 level, with a flat structure.
Major Support Level – $170
Major Resistance Level – $185
Technical Indicators
4 hours MACD – The MACD for ETH/USD is slowly moving into the bearish zone.
4 hours RSI – The RSI for ETH/USD is still well below the 50 level, with a flat structure.
Major Support Level – $170
Major Resistance Level – $185
Source: https://www.newsbtc.com/2019/10/06/ethereum-price-weekly-forecast-eth-approaching-next-crucial-break/
Lets just hope that the major resistance will be the one broken or else probably we can see another downtrend of ETH market.
Interesting analysis, however probably worth pointing out the ETHUSD (or any ALTUSD) chart isn't so relevant in the context of the OP analysis. The chart is about market dominance, namely altcoins outperforming Bitcoin. At no point was I suggesting that Ethereum would rise against the dollar, in fact I believe the opposite is true.
It wouldn't be the first time Bitcoin dropped plunged lower but altcoin dominance increased, as altcoins are much more oversold (against BTC) than Bitcoin is against fiat.
Discuss what you like though obviously, it's all relevant and within the same context.
October 06, 2019, 11:03:50 AM
Seems like a healthy sign from ETHEREUM. But the analysis doesn't guarantee that it could go up anytime soon. Cryptocurrency market is too volatile. Anything can happen. Good analysis though.
But like I said, anything can happen. Just one bad news price could go down big time. That's why candle analysis often doesn't work. I have joined a lot of channels which give you trading signals. But no one is accurate on signals that they are given. Sometimes reading news about cryptocurrency is giving you way more accurate signal than looking at market candles.
But we can always combine the two, TA and FA to have a better analysis. and it seems a make or break for ETH if the support level on $170 is broken then we can see ETH around $160 since it is where the next resistance is.But like I said, anything can happen. Just one bad news price could go down big time. That's why candle analysis often doesn't work. I have joined a lot of channels which give you trading signals. But no one is accurate on signals that they are given. Sometimes reading news about cryptocurrency is giving you way more accurate signal than looking at market candles.
Quote
Moreover, the 61.8% Fib retracement level of the last major decline from the $225 high to $152 swing low might prevent gains near $197. Conversely, the price could break the $170 support level to continue lower. The next key support area is near the $160 level. If there are more downsides, the price could revisit the $152 swing low.
Quote
The above chart indicates that Ethereum price is clearly setting up for the next crucial break either above $185 or below $170. As long as the price is trading below the $185 resistance and the 100 SMA, there are chances of a downside break in the near term.
Technical Indicators
4 hours MACD – The MACD for ETH/USD is slowly moving into the bearish zone.
4 hours RSI – The RSI for ETH/USD is still well below the 50 level, with a flat structure.
Major Support Level – $170
Major Resistance Level – $185
Technical Indicators
4 hours MACD – The MACD for ETH/USD is slowly moving into the bearish zone.
4 hours RSI – The RSI for ETH/USD is still well below the 50 level, with a flat structure.
Major Support Level – $170
Major Resistance Level – $185
Source: https://www.newsbtc.com/2019/10/06/ethereum-price-weekly-forecast-eth-approaching-next-crucial-break/
Lets just hope that the major resistance will be the one broken or else probably we can see another downtrend of ETH market.
Jump to: