Have uploaded two screenshots for the altcoin dominance TA, as doesn't fit in one screenshot:
Topic: [Charts] Altcoin Speculation Already Here? (October 2019 TA, Updated: July 2020) (Read 777 times)
July 24, 2020, 05:23:47 AM
OP updated with latest screenshots.
Have uploaded two screenshots for the altcoin dominance TA, as doesn't fit in one screenshot:
Have uploaded two screenshots for the altcoin dominance TA, as doesn't fit in one screenshot:
June 26, 2020, 01:07:49 PM
Bump, charts from October 2019 updated with latest trading screenshots + extra updated screenshot:
This has been the "never-ending" trade of the year. Altcoin dominance is still struggling to convincingly move above the 0.5 fib retracement zone. After 9 months it's time to start considering a break-even stop loss if altcoins are unable to rally further, although the current price structure remains satisfactory.
Regarding speculation on smaller cap coins, a lot of defi projects are recording record gains this year. While I'm expecting a considerable correction from these tokens, which could lead to increased strength in Ethereum (for those who are trading against this pair instead of BTC), I can sill see the potential of returning to 15% by the end of the year with the current trajectory, or alternatively a pull-back to 6.5%- 7.5% VPVR support. The Weekly RSI is reaching overbought territory, indicating a pull-back or another leg up is on the cards:
This has been the "never-ending" trade of the year. Altcoin dominance is still struggling to convincingly move above the 0.5 fib retracement zone. After 9 months it's time to start considering a break-even stop loss if altcoins are unable to rally further, although the current price structure remains satisfactory.
Regarding speculation on smaller cap coins, a lot of defi projects are recording record gains this year. While I'm expecting a considerable correction from these tokens, which could lead to increased strength in Ethereum (for those who are trading against this pair instead of BTC), I can sill see the potential of returning to 15% by the end of the year with the current trajectory, or alternatively a pull-back to 6.5%- 7.5% VPVR support. The Weekly RSI is reaching overbought territory, indicating a pull-back or another leg up is on the cards:
February 07, 2020, 06:58:54 AM
Belated update, we're also coming upto the 0.5 fib retracement level for reference sake:
Still expecting a pull back from small cap dominance as the red fractal arrow suggests, but at the same time it's still looking very strong right now.
If Ethereum is any metric to go by, then this could lead to profit taking of small caps into blue chips for a continuation of alt season.
For those trading shorter time-frames, it's a good time to tighten stop losses or take profits. As referenced previously, I expect some resistance at this level, but for it to ultimately be broken, whether that means coming back down to the 200 Week MA over the coming weeks to find support or not. I've taken some satoshi profits, but otherwise leaving long positions from October 2019 from 30.5% altcoin dominance (1.5% under the 200 Week MA now) on break even stop losses as macro trades, as opposed to swing trades.
Still expecting a pull back from small cap dominance as the red fractal arrow suggests, but at the same time it's still looking very strong right now.
If Ethereum is any metric to go by, then this could lead to profit taking of small caps into blue chips for a continuation of alt season.
December 12, 2019, 10:00:37 AM
On second thoughts, I'm still liking how this is looking. I have no idea what that gap was about, but looking at my original chart tells me it was more of a glitch than a problem.
Holding support above the 200 Week MA would be bullish, especially if we bounce strong from it making another new swing high above 6.9%. The TD 9 did nothing to reverse the dominance of small cap altcoins, we're still poking at resistance, even if I'm expecting a short-term top will come soon. A pull back would likely to coincide with a considerable bounce back in Bitcoin's price, similar to what occured in October with the 40% spike in price in less than 24 hours.
Holding support above the 200 Week MA would be bullish, especially if we bounce strong from it making another new swing high above 6.9%. The TD 9 did nothing to reverse the dominance of small cap altcoins, we're still poking at resistance, even if I'm expecting a short-term top will come soon. A pull back would likely to coincide with a considerable bounce back in Bitcoin's price, similar to what occured in October with the 40% spike in price in less than 24 hours.
December 11, 2019, 07:35:35 AM
Have updated the OP with latest screenshots and analysis for those still following this TA, that still appears relevant.
As referenced below, while the Weekly chart remains bullish, the Monthly chart has now begun to follow suit with a green price flip.
Altcoin dominance appears to again be finding support from the golden 200 Week MA, after previously finding support back in October.
Dominance is now above the 21 Week MA, RSI has left bearish conditions, CMF is now positive, MACD has been losing bullish momentum but still in a bullish posture. Notably the initial target of the 0.5 fib (34.8%) as well as ultimate target of the 0.618 fib (41.95%) by the end of the year remains illusive and now less likely, but dominance is still holding it's ground against BTC.
On the monthly chart, there has been a price flip to a green 1 which is a positive development. A drop in dominance this month would also initiate a TD 9 buying opportunity, and therefore unlike the Weekly chart could still be considered bullish.
A break above 33% (previous highs) would likely lead to the initial target of the 0.5 fib retracement around 35%.
As referenced below, while the Weekly chart remains bullish, the Monthly chart has now begun to follow suit with a green price flip.
Altcoin Dominance Bouncing From 0.382 Fib Retracement (18/09)
An Updated Closer Look (11/12)
Altcoin dominance appears to again be finding support from the golden 200 Week MA, after previously finding support back in October.
Dominance is now above the 21 Week MA, RSI has left bearish conditions, CMF is now positive, MACD has been losing bullish momentum but still in a bullish posture. Notably the initial target of the 0.5 fib (34.8%) as well as ultimate target of the 0.618 fib (41.95%) by the end of the year remains illusive and now less likely, but dominance is still holding it's ground against BTC.
On the monthly chart, there has been a price flip to a green 1 which is a positive development. A drop in dominance this month would also initiate a TD 9 buying opportunity, and therefore unlike the Weekly chart could still be considered bullish.
A break above 33% (previous highs) would likely lead to the initial target of the 0.5 fib retracement around 35%.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
December 11, 2019, 06:55:35 AM
Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.
I think those signals are very interesting need to be positive about that many are holding bitcoin as for now because they know thag bitcoin have potential to grow soon. Altcoins can grow also once bitcoin finish the recovery zoon. Because many of altcoins grow the price once bitcoin goes up. So be positive sir this signals are only speculation.
indeed after Halving experts predict that Bitcoin can be above $ 20,000, but look at Altcoin now, 100 coins on Coinmarketcap look very good to buy and can potentially get a lot of bitcoin by selling it during the alt season coming,
I'm sure alt season will come before Halving bitcoin starts
Altcoin market will follow the bitcoin market surge once bitcoin hit the point of recovery.
December 11, 2019, 06:01:29 AM
Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.
I think those signals are very interesting need to be positive about that many are holding bitcoin as for now because they know thag bitcoin have potential to grow soon. Altcoins can grow also once bitcoin finish the recovery zoon. Because many of altcoins grow the price once bitcoin goes up. So be positive sir this signals are only speculation. indeed after Halving experts predict that Bitcoin can be above $ 20,000, but look at Altcoin now, 100 coins on Coinmarketcap look very good to buy and can potentially get a lot of bitcoin by selling it during the alt season coming,
I'm sure alt season will come before Halving bitcoin starts
December 10, 2019, 05:56:47 PM
Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.
I think those signals are very interesting need to be positive about that many are holding bitcoin as for now because they know thag bitcoin have potential to grow soon. Altcoins can grow also once bitcoin finish the recovery zoon. Because many of altcoins grow the price once bitcoin goes up. So be positive sir this signals are only speculation. 
December 10, 2019, 04:31:59 PM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistentlyremember most coins are now released through icos or ieos which means that the developers sell most or all of their coins to raise enough funds to make the project a reality
That's correct but they always don't sell all their found and the last time I checked every project owners always keep 45% for the project team i.e if the project is launch through ICO, IEO, STO etc. if they are smart they are going to immediately sell those funds for fiat or a stable coin so the volatility of the market is not going to affect them, the real problem is that most of those developers never had the intention of creating anything and at some point they flee with the funds.
Selling of fund raised during initial offering or swapping it for stablecoin still doesn't save project coin from dump in price or bankruptcy cause the project team still to play an important in liquidity, buy and selling of their coin on exchange site in other to save their project/coin. December 10, 2019, 03:40:42 PM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistently December 08, 2019, 07:21:37 AM
Regarding the OTHERS.D TA: despite the accuracy, for reference sake I've had to ditch this chart due to CMC re-calculations. As you can see, there is now a big gap that has formed, specifically soon after the chart was published, that's skewing the results despite the dominance already moving in my favor.
This is what the chart previously looked like, as you can see the gap has been re-calculated and is now considerably larger (dominance is following the arrow, as opposed to now above it). Ideally I'd be able to look at the original version, but unfortunately this isn't possible anymore:
I'm not entirely sure what this now means for speculating on small cap coin dominance. I don't believe this "gap" has to be filled, as it's CMC generate as opposed to organic (regarding forked coins increasing OTHERS.D for example), but either way the small cap dominance has come close enough to my initial target of around 7.5%.
This is what the chart previously looked like, as you can see the gap has been re-calculated and is now considerably larger (dominance is following the arrow, as opposed to now above it). Ideally I'd be able to look at the original version, but unfortunately this isn't possible anymore:
I'm not entirely sure what this now means for speculating on small cap coin dominance. I don't believe this "gap" has to be filled, as it's CMC generate as opposed to organic (regarding forked coins increasing OTHERS.D for example), but either way the small cap dominance has come close enough to my initial target of around 7.5%.
December 06, 2019, 01:46:18 AM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistentlyI don't think development teams run out of funds because of a bear market. They run out of funds because they are stupid and don't know how to manage a business. They don't know how to hedge their crypto wealth and keep on spending like there is no tomorrow.
December 05, 2019, 11:37:45 AM
Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.
Dude, people are sharing signals and charts. They're not promising any returns or guaranteeing profits. You read, you learn, you share your own views, that's the whole point.
And duh crypto follows bitcoin. Holders are looking even longer than June 2020, believe me.
Red for altcoin markets isn't guaranteed. A lot can and will happen.
Majority wont really give out that assurance excluding to those analyst that do said of guaranteed possibility which isnt really true at all.
Market is way too unpredictable thats why its really hard to believe on for someone who do claim up with such presumptions.
Well we can risk on buying but always have that good thinking.
December 05, 2019, 10:42:01 AM
Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.
Dude, people are sharing signals and charts. They're not promising any returns or guaranteeing profits. You read, you learn, you share your own views, that's the whole point.
And duh crypto follows bitcoin. Holders are looking even longer than June 2020, believe me.
Red for altcoin markets isn't guaranteed. A lot can and will happen.
December 05, 2019, 08:34:35 AM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistentlytheir money in a short period of time. You need to be precise deciding when to buy and place your position so with when to sell. There's no certain
time where you can accurately predict but you can keep specific project that have real intentions.
December 05, 2019, 04:09:25 AM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistentlytheir money in a short period of time. You need to be precise deciding when to buy and place your position so with when to sell. There's no certain
time where you can accurately predict but you can keep specific project that have real intentions.
December 05, 2019, 04:06:44 AM
Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.
what you say is also understandable and I also feel that what you say is an analysis that may be the same as what has happened so far and acknowledge that it is true as I expected.bitcoin is still the most important reference of the crypto market and I am not apathetic about altcoin, but many more cannot grow even though there are quite a lot of them but are still influenced by bitcoin.
December 05, 2019, 02:49:09 AM
Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.
December 05, 2019, 02:20:11 AM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistentlyI don't think development teams run out of funds because of a bear market. They run out of funds because they are stupid and don't know how to manage a business. They don't know how to hedge their crypto wealth and keep on spending like there is no tomorrow.
December 05, 2019, 02:06:49 AM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistently December 04, 2019, 02:34:08 PM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
Simple: The alt season can push the prices towards higher resistance price levels, even falling dominance can speed up this process. The higher dominance means there is no enough space in the crypto market cap for altcoin's uptrend capacity, the rising BTC will add more to this pressure due to the dominance. Crashing BTC is the worst nightmare of all altcoins, the recovery possibilities drop if money moves out of the market with low BTC prices. November 24, 2019, 05:05:24 AM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
Simple: The alt season can push the prices towards higher resistance price levels, even falling dominance can speed up this process. The higher dominance means there is no enough space in the crypto market cap for altcoin's uptrend capacity, the rising BTC will add more to this pressure due to the dominance. Crashing BTC is the worst nightmare of all altcoins, the recovery possibilities drop if money moves out of the market with low BTC prices. November 24, 2019, 03:42:19 AM
Updated OP with latest screenshots & analysis + closer look at these charts. Sometimes you draw a random line and price follows it 
October 25, 2019, 07:52:19 AM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
Some altcoin is falling, but the other altcoin still trying to stay the price now, and some other altcoins are trying to break the higher rate. You can see that there are many altcoins are at the green candle after it was down yesterday, and many of the altcoins still struggle to get more attention from the traders. We will see another increase in the altcoin in the next week, and I hope that will give time to the altcoin to rise higher. Bitcoin itself is also trying to increase after the down, and we can expect that the domination of bitcoin will be back usual.
October 25, 2019, 06:18:01 AM
Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.
October 24, 2019, 10:34:50 PM
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.
true that you convey in a situation like this, investors must be smarter in taking advantage of every opportunity we get, we must be clever in looking at charts and reading speculations again again, it all depends on the beliefs and patience of investors themselves because the development of crypto or altcoin currencies no one can predict with certainty October 24, 2019, 05:02:53 PM
OP updated with screenshots since the price movement of BTC down to $7.5K. Notably altcoins continue to gain dominance against Bitcoin, since the initial breakdown from the descending triangle. The further Bitcoin corrects, the more it is shedding it's dominance. Looks like blue chip altcoins are fast becoming a Satoshi safe haven...
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
The total altcoin market dominance looks healthier which each week that passes, continuing to find support above the 200 Week MA (30.4%) and currently moving above the 21 Week MA at 31.8%. RSI is now leaving the bearish territory (40) while the CMF has nearly made it out the red, continuing to show bullish divergence. Considering the updated outlook of small cap dominance, "blue chip" altcoins may continue to become a Satoshi safe haven, continuing reading.
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:
With the death cross (between the 50 & 200 Week MA) appearing on small cap altcoin dominance this week, confirming a long-term bear trend, it's worth tightening any stop losses on any small cap trades due to the possibility of a continued sell of. While the bear cross is a lagging indicator to confirm long-term trends, and the "price" could rally towards it (has often happens in Bitcoin) it's also bearish by default, similar to the flattening of the CMF.
Altcoin Dominance Bouncing From 0.382 Fib Retracement (18/09)
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
An Updated Closer Look (24/10)
The total altcoin market dominance looks healthier which each week that passes, continuing to find support above the 200 Week MA (30.4%) and currently moving above the 21 Week MA at 31.8%. RSI is now leaving the bearish territory (40) while the CMF has nearly made it out the red, continuing to show bullish divergence. Considering the updated outlook of small cap dominance, "blue chip" altcoins may continue to become a Satoshi safe haven, continuing reading.
Despite the accuracy, for reference sake I've had to ditch this chart due to CMC re-calculations. As you can see, there is now a big gap that has formed, specifically soon after the chart was published, that's skewing the results despite the dominance already moving in my favor.
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
An Updated Closer Look (24/10)
With the death cross (between the 50 & 200 Week MA) appearing on small cap altcoin dominance this week, confirming a long-term bear trend, it's worth tightening any stop losses on any small cap trades due to the possibility of a continued sell of. While the bear cross is a lagging indicator to confirm long-term trends, and the "price" could rally towards it (has often happens in Bitcoin) it's also bearish by default, similar to the flattening of the CMF.
October 21, 2019, 11:05:09 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
While you need to engage in a set of positions on Altcoins. The more coins you have, the better. I buy different coins and expect a good profit not earlier than in 1-2 years.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 like this point of view. i also think for the long term and keep buying a little every month.
it has 2 advantages
1. the longer there are low prices - the better
2. if price goes lower - i dollar cost average
October 21, 2019, 09:59:01 AM
Updated charts with this week's look, though not a lot has changed since last week in fairness.
- Nice "dip buying" on small cap alts when below 5% market dominance, needs to continue to hold this level though.
- Watch out for the 50 & 200 Week MA bear cross (on small caps) that is forecasted for next month. This is bearish.
- Altcoin dominance closing above the 200 Week MA for the third consecutive week = bullish.
October 12, 2019, 10:18:22 AM
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.
whales are responsible of this trapping and we cannot do anything a they have the power over us
and same reason why market is staying low when the truth is we have a chance last few months to make the bullrun constant
anyway just be careful and alert until the true bull comes
indeed RSI cannot be a true role model, but it can help you,
October 12, 2019, 06:14:39 AM
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.
whales are responsible of this trapping and we cannot do anything a they have the power over us
and same reason why market is staying low when the truth is we have a chance last few months to make the bullrun constant
anyway just be careful and alert until the true bull comes
October 12, 2019, 04:53:14 AM
OP updated with today's screenshot and overview for anyone following this analysis...
Updated Chart & A Closer Look (12/10)
Looking good so far, small cap altcoins holding up dominance this week. CMF getting close to positive with notable dominance dip support.
Source: Trading View (screenshot), October 12th 2019
Looking good so far, small cap altcoins holding up dominance this week. CMF getting close to positive with notable dominance dip support.
Source: Trading View (screenshot), October 12th 2019
October 12, 2019, 04:27:42 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
Although it is still at support levels, for the past few hours, bitcoin is still the coin with the fastest and best recovery force. That means the whole market is focusing more on bitcoin and the alts' season is far away.And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
We should be realistic and don't wait for the alts to come soon, let's look at the chart and trade carefully and disciplined. Only things like that help us earn money in a bear market.
Well this would be great for alt-coin holders .
This would be a good early christmas gift for all of us.
At least we would gain some profit and could add up to our pocket for the coming holidays.
its too soon to talk like that remember we have more than 2 months to go,and volatility is our enemy this far.maybe we need to be neutral first for the 2018 wont happen again This would be a good early christmas gift for all of us.
At least we would gain some profit and could add up to our pocket for the coming holidays.
October 12, 2019, 03:38:41 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
Although it is still at support levels, for the past few hours, bitcoin is still the coin with the fastest and best recovery force. That means the whole market is focusing more on bitcoin and the alts' season is far away.And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
We should be realistic and don't wait for the alts to come soon, let's look at the chart and trade carefully and disciplined. Only things like that help us earn money in a bear market.
October 11, 2019, 02:01:31 PM
The main difference between the next market growth and 2017 is that now cryptocurrencies will not only have whitepapers.
What cryptocurrency are you talking about without white papers and if there is any white paper who is going to invest in those 
. 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.
I really doubt we will have an altcoin rally like we used to see in the past, majority of the projects died in the last bear market and we might see the price moving forward according to the bitcoin market and not expecting any individual rally in altcoins.However, the main criterion for the start of the altcoin season is Bitcoin domination decrease.
I highly doubt that bitcoin domination will decrease . 
October 11, 2019, 01:00:29 PM
Well this would be great for alt-coin holders .
This would be a good early christmas gift for all of us.
At least we would gain some profit and could add up to our pocket for the coming holidays.
Are you so sure about this speculation? Try reading this article, there it is said that the price of Bitcoin can reach $5k at the end of this year, although I'm a little pessimistic this price can happen.This would be a good early christmas gift for all of us.
At least we would gain some profit and could add up to our pocket for the coming holidays.
https://cryptotradernews.com/crypto-trader-pro/will-bitcoin-fall-to-5k-by-end-of-2019/
but I personally am very sure if bitcoin will experience a fairly large price increase in the future, moreover we know that halving day will again occur in May 2020 later and this could be the beginning of the rising prices in the future BTC.
October 11, 2019, 11:08:14 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.
yeah i agree because its look like not really safe to jump actually. And even now for sure they are some investor again that gaining quick profits behind of this smalll progress ,wherein you know always the number one reason that can cause sudden fluctuation of the growth rate. So probably not really safe for now. And much better to wait specific information and more results to prevent another risky situation. 
October 11, 2019, 11:02:22 AM
Well this would be great for alt-coin holders .
This would be a good early christmas gift for all of us.
At least we would gain some profit and could add up to our pocket for the coming holidays.
This would be a good early christmas gift for all of us.
At least we would gain some profit and could add up to our pocket for the coming holidays.
October 11, 2019, 10:40:02 AM
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.
I don't see XRP really in good condition. but XRP might get a big pump or adoption if the altcoin season comes. I am interested in XRP, LTC, and XLM. but now I just saved the XRP. still need deeper research to invest more and in other assets. October 11, 2019, 10:35:56 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.
reason why the project will prosper. You need to specify which coins will bring good bounced back and strongly moving forward.
Many projects will completely failed and die better to make sure that you have the right one inside your portfolio so waiting will be beneficial for you.
October 11, 2019, 09:55:06 AM
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.
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.
October 11, 2019, 08:44:56 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, 08:21:15 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, 07:22:03 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, 06:38:16 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, 06:14:14 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, 06:09:55 AM
Here's a nice example of a speculative altcoin looking to breakout to the upside against BTC:
October 08, 2019, 05:36:37 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, 03:42:21 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, 03:41:37 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, 03:29:33 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, 01:57:40 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, 10:28:57 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, 05:57:54 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, 02:20:35 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, 07:06:23 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, 03:38:29 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, 06:05:59 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, 10:32:50 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, 10:03:50 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.
October 06, 2019, 09:23:46 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 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.
October 06, 2019, 09:16:35 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, 08:57:37 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, 01:08:35 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, 06:22:50 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, 04:45:06 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, 04:21:21 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, 03:16:50 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, 01:46:19 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, 09:22:06 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, 09:15:38 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, 08:51:35 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, 08:25:19 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, 08:11:09 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, 08:09:35 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, 07:22:50 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, 07:13:11 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, 06:51:23 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, 06:24:33 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, 05:54:10 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.
October 05, 2019, 05:35:35 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.
October 05, 2019, 04:46:55 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.
October 05, 2019, 04:32:28 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.
October 05, 2019, 04:01:37 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.
October 04, 2019, 05:24:39 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
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.
October 04, 2019, 04:24:46 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
And look loke this support is strong enough,,
So, we will see a reversal on alt marketcap soon
October 04, 2019, 11:02:53 AM
Altcoin Speculation Coming Soon... (04/10)
Source: Trading View, October 4th 2019. Screenshot: July 24th 2020.
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.
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
Jump to: