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.
Topic: [Charts] Altcoin Speculation Already Here? (October 2019 TA, Updated: July 2020) - page 4. (Read 774 times)
October 06, 2019, 10:23:46 AM
October 06, 2019, 10:16:35 AM
Alts movement are really good ways of determining the market but they aren't and shouldn't be a general criteria for making decisions.
Dominance of BTC rule the overall alt coin market. As expected while dominance of the BTC increase, alt coins crushing all together.
In this period some strong coins like BNB, ETH, LTC etc trying to resist, most of the shitcoins finding new all time lows to themselves.
By the way what was expecting also, when BTC dominance decrease alt seasons starts. As we see last 2-3 months it is not also valid analyse at current market conditions.
From 2017 to 2019 market changed so much and also dynamics. What market need is new investors who believe the system.
October 06, 2019, 09:57:37 AM
Check this one, as Bitcoin go below $8000, several altcoin have mixed responses in this event.
https://cointelegraph.com/news/bitcoin-dips-under-8-000-as-altcoins-see-mixed-movements.
Much better than those IEO/ICO hyped investment. So you are saying that it is better to invest in an IEO project than ETH or other coins on the top 10 of CMC?
Your words are conflicting now.
So, you think it is time to buy them?
https://cointelegraph.com/news/bitcoin-dips-under-8-000-as-altcoins-see-mixed-movements.
Investing to alts that are ready to launch is not a good idea
Much better than those IEO/ICO hyped investment. So you are saying that it is better to invest in an IEO project than ETH or other coins on the top 10 of CMC?
but for those existed already you can still acquire but like what you have said patience is must before or during investments, if you are frustrated easily it will end up to a negative profit. Just settle on top 20 alts in the market to lessen the risk although sometimes taking big risk has a big result it is up to you.
Your words are conflicting now.
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
So, you think it is time to buy them?
October 06, 2019, 02:08:35 AM
The alts support zone can also be broken down, so it’s better to wait until the growth begins, and then draw conclusions that it is better to buy. Not the best time to rush and collect a basket of alts.
Patience is what all investors should do at this stage as the market is not yet out of the downtrend and there are still a lot of risks if we choose to invest now. I do not encourage you to invest this year because the value of altcoins may drop even more in the near future and will greatly affect your profits. Now you should have a new plan for next year and prepare a large sum of money to invest if the market starts to grow.Of course you need to research and choose carefully before investing because any coin in this market has its own risks.
October 05, 2019, 07:22:50 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
October 05, 2019, 05:45:06 PM
Altcoins have been pretty bad for some time now, the loss in value is really high. With Bitcoin still showing great dominance, alts season is still a thing to only look forward to and imagine. All I can say is for anyone to better accumulate at this level cus we are gradually getting to the start of something new and would really see alts fly as Bitcoin gains some traction.
October 05, 2019, 05:21:21 PM
Alts movement are really good ways of determining the market but they aren't and shouldn't be a general criteria for making decisions.
October 05, 2019, 04:16:50 PM
Smaller cap altcoin dominance is leaving the RSI oversold conditions (of less than 30) this week and is currently reading 31.73. This comes after nearly three months of being oversold after dominance fell below the 200 Week MA. The last time "Other altcoins" dominance spent this long in oversold conditions was at the end of 2015, for two months, before rising from less than a 1% to it's ATH above 15%. Altcoin speculation is coming...
Bullish arguments:
- RSI leaving oversold conditions
- MACD bullish crossover
- CMF bullish divergence
- Rising volume , 2x from Jan 18
Congratulations. This is a really great analysis and this chart supports my expectation of the altcoin season. We'll probably watch a short-term altcoin bull run before the end of the year, and then the bitcoin will perform. For this, the market needs volume and new investors and I think this will be with good news coming
October 05, 2019, 02:46:19 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
October 05, 2019, 10:22:06 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.
in bitcoin also doesn't seem very safe. Market trends are still in decline, it is very risky to save bitcoin. even now storing assets in crypto is a difficult choice. whereas the current situation is very good for buying, but demand cannot grow well in a market that is in a downtrend. October 05, 2019, 10:15:38 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.
October 05, 2019, 09:51:35 AM
Seems altcoin marketcap now on support zone
And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
yes you are right, the market has also been oversell from yesterday, so there will definitely be a reversal soon. we just need to wait and see what will happen in the next few weeks.
October 05, 2019, 09:25:19 AM
I observed that the Altcoin market is crowded already as every month there is a new Altcoin was introduced making the investors to become smaller and divided that because of this, I expect that more investors will loss their interest in Altcoins specially that it looks like they are starting to diminish now due to there is no sign of a healthy environment.
Not only that there seems to be an avalanche of new entrants into the market the sad thing is that many of these projects are just rehashed or regurgitation of those which are already existing in the marketplace. Seems like we are lacking originality or maybe many of these projects are done just for the money nothing more nothing less. Actually, the more the merrier and the more participants the healthier the altcoin ecosystem can be but only if these new projects are really bringing in innovations and have their own captured market in the first place.
I am sure though that soon as Bitcoin can be rising again the season for alts will start to form and we can see the rise of the many platforms as investors and traders will see a strong support for the alt market. However, we might not see this fully happen within this year so all of these developments can be in preparation for 2020.
October 05, 2019, 09:11:09 AM
Seems altcoin marketcap now on support zone
And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
I dont think so. No one can predict exactly when altcoin will rise. Because now the price of bitcoin has not gone up yet.
Quote
Especially if the price of bitcoin drops dramatically again then the altcoin season will not come. I think altcoin season just will come if bitcoin has reached ATH.
October 05, 2019, 09:09:35 AM
you are making a big mistake here and that is to look at the totals instead of individuals. in total you will see an enormous number of shitcoins that go up and down and you can never make any meaningful conclusions based on that.
but when you focus on individual shitcoins you can see that small cap shitcoins have been getting pumped for about 8-10 months now and a lot of profit has been made by day traders and pumpers who stopped focusing on total market cap and high rank altcoins!!!
but when you focus on individual shitcoins you can see that small cap shitcoins have been getting pumped for about 8-10 months now and a lot of profit has been made by day traders and pumpers who stopped focusing on total market cap and high rank altcoins!!!
October 05, 2019, 08:22:50 AM
Coming Soon...
I cannot count how often have I heard that altcoins are about to raise and the wait is finally over. Wake up guys, nobody can predict market movements and your technical analysis is useless if another whale sells 10m worth of BTC with one order.
October 05, 2019, 08:13:11 AM
Seems altcoin marketcap now on support zone
And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
I dont think so. No one can predict exactly when altcoin will rise. Because now the price of bitcoin has not gone up yet.
Especially if the price of bitcoin drops dramatically again then the altcoin season will not come. I think altcoin season just will come if bitcoin has reached ATH.
October 05, 2019, 07:51:23 AM
The alts support zone can also be broken down, so it’s better to wait until the growth begins, and then draw conclusions that it is better to buy. Not the best time to rush and collect a basket of alts.
Well said, I also wouldn't recommend going out and buying a bunch of atls at this time either. Wait until the speculation arrives if it's only anticipated at this point... hence the title
Rarely does history repeat itself like this. what happened in 2015 will not be repeatable for altcoins in 2019 or in the near future. It will take an enormous move from Bitcoin for its effect to trickle down into the altcoin ecosystem. This might not be true for bigger altcoins that cultivate their own bubbles like Omni or Dash.
The ath of 15% that you talk about is primarily because of the fact that the industry was new, people coming into the sphere were oblivious to the market manipulation facts. How can this repeat?
The ath of 15% that you talk about is primarily because of the fact that the industry was new, people coming into the sphere were oblivious to the market manipulation facts. How can this repeat?
FYI I'm not talking about history repeating itself, I reserve that for Bitcoin that has considerably more price data to work with, that can accurately predict directions (see here).
The relevance here is the Weekly RSI has left oversold conditions (though still needs to close), the MACD has a bull cross, CMF has bullish divergence (as referenced in the argument). Price history rarely repeats itself, but technical indicators don't lie either. I don't care that speculation is moronic, I only care what statistical probability is claiming.
I don't know about anyone else, but I'm still expecting a big move to occur now that the bull market has only just ended. That bakkt-based move was nothing.
October 05, 2019, 07:24:33 AM
Rarely does history repeat itself like this. what happened in 2015 will not be repeatable for altcoins in 2019 or in the near future. It will take an enormous move from Bitcoin for its effect to trickle down into the altcoin ecosystem. This might not be true for bigger altcoins that cultivate their own bubbles like Omni or Dash.
The ath of 15% that you talk about is primarily because of the fact that the industry was new, people coming into the sphere were oblivious to the market manipulation facts. How can this repeat?
The ath of 15% that you talk about is primarily because of the fact that the industry was new, people coming into the sphere were oblivious to the market manipulation facts. How can this repeat?
October 05, 2019, 06:54:10 AM
Seems altcoin marketcap now on support zone
And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
Marketcap become more important while analyzing of alt coin movements at previous months.
New investors need for alt coins follow to BTC. As last price moving of BTC to upper levels, alt coins just crushed and we cried. Unless marketcap not increase, alt coins will go on crushing when BTC start to travel higher levels and not recover themselves. And more crush when BTC price going down.
Interest of governments at crypto and projects like Libra and Venus may lead may lead more people invest on crypto and we can jump on a full alt season with bullish BTC movements.
That sounds more of a suicide to me than an investment. You will buy all the cheap coins with capitalization below $20 million? There are thousands of them in the market, you will need a huge wealth for you to do that. And just like the pattern created by these thousands of shitcoins, they come and they go very quickly. They get listed and delisted in a blink of an eye. And before you know it, your investment is already lost. I'd rather buy those altcoins that have high market cap. There is much less risk with them.
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