[Charts] Altcoin Speculation Already Here? (October 2019 TA, Updated: July 2020) - page 5.

BlinkInDie

jr. member

Activity: 149

Merit: 1

Quote from: marcbitcoins on October 05, 2019, 05:46:55 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.

We indeed more quality altcoins out there and a lot of quality investors have already shied away from coin offerings. Even bounty hunters are already having a hard time to find good campaigns that will pay them 100% because if the project failed to receive funding, they will also postpone the bounty campaign. There are platforms that develop for crypto where we can help build enable a project's business development, those activities will help us be a part of a project and guide them into the right direction.

All projects that have successful funding should follow Ethereum's footsteps tbh, all these altcoins that don't do anything at all are what's making the investors impatient.

marcbitcoins

full member

Activity: 854

Merit: 108

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.

Battareus

hero member

Activity: 826

Merit: 501

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.

jarhed

sr. member

Activity: 672

Merit: 254

Quote from: hashman on October 04, 2019, 06:24:39 PM

Quote from: coinporch on October 04, 2019, 05:24:46 PM

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

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.

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.

hashman

legendary

Activity: 1264

Merit: 1008

Quote from: coinporch on October 04, 2019, 05:24:46 PM

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

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.

coinporch

sr. member

Activity: 1036

Merit: 252

Dolphins Finance TRUSTED FINANCE

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

dragonvslinux

legendary

Activity: 1680

Merit: 2212

Altcoin Speculation Coming Soon... (04/10)

Source: Trading View, October 4th 2019. Screenshot: July 24th 2020.

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

Altcoin Dominance Bouncing From 0.382 Fib Retracement (18/09)

Source" Trading View, September 18th 2019. Screenshots: July 24th 2020.

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

Own work: dragononcrypto

Topic: [Charts] Altcoin Speculation Already Here? (October 2019 TA, Updated: July 2020) - page 5. (Read 774 times)