Only 5 days until monthly candle close and it's currently still above the double bottom neckline here a monthly close above the neckline would be a very bullish outcome imo. This is the chart for the alt coin market.
The monthly double bottom pattern on the TOTAL2(Alt Market) has finally gotten it's first monthly close above the neckline. There are 2 possible necklines here a descending one(notated by a dotted yellow line) and a horizontal one (orange yellow). Both price targets for a breakout from each neckline are listed. Not quite sure which one is more legit but we are now...
we are currently retesting the neckline of this double bottom as support. If it confirms, the altmarkets total cap value has a breakout target rise of over 70%. Need to see the current weekly candle close above the neckline. It appears a weekly goldencross is on the horizonhere so that should help increase the probability of the breakout. Untilwe see where the...
This one's TA played out like true poetry. I was on my way to post a chart of an exciting double bottom pattern on the TOTAL2 (altmarket) chart and it brought back up some charting I had done on a head and shoulders (in yellow). I was saying in previous ideas over a year ago when we originally formed this big h&s patterns that based on how illogically low the...
NOT FOR THE FAINT HEARTED! BUY @ 113-119 TP-1 @ 172 TP-2 @ 245
Hello Traders! Looking at the TOTAL2 chart, we are in a critical point, if we get rejected on the upper trendline, we might expect a pullback, or a reversal of the trend. If you take a look at the daily chart, you can see that there has been a fiercely fight between the bears for almost 3 days on this area, and it seems that the bulls are finally winning, but...
Just recently discovered this, but now its pretty obvious whats going on. this fits for other alts too. btc sure will suffer too in this drop but maybe not as much as alts (bottom at 4k?) i was clearly too much focused on log mode in the past when the obvious is only noticeable in non log mode >.>
Welcome to the future of Technical Analysis . This is Pt 18. Trial 1 on XRP's Global Ecosystem. Find the "we are here" bubble. I am most likely wrong... I think my timing on this may be slightly off. Meh . Who cares. but what... if.. good enough for me! Target bottom Buy .000004 99% capitulation scenario on XRP. HOWEVER... On April 20th, 2020. The real fun...
Welcome to the future of Technical Analysis. This is Pt 3. Trial 1 on EOS's Global Ecosystem. Find the "we are here" bubble. I am most likely wrong... I think my timing on this may be slightly off. Meh. Who cares. but what... if.. good enough for me! Target bottom Buy .00008998 April 20th, 2020. The real fun begins. Come for the laughs, stay for the...
Hello All, So far, as we have seen this current market, Ethereum--previously a strong performer-- has been under performing, however, it has a strong pattern here with the chance of a classic failure swing, as the second bottom could not approach the original bottom as closely. This failure swing is denoted by the yellow strokes on the chart. There is a...
lots of bullish pattern convergence happening on multiple timeframes here...the probability overwhelmingly favors at least a short term bull run here..but when it is this overwhelming we always have to consider a fakeout. Despite that I'm leaning long enough to mark this idea long even though a fakeout is very much still in the cards. Patience is key here. The...
The move is going to come like a bat out of hell/China...lol Too soon? well anyway this is a fantastic set up I feel is necessary to report as its getting ready to set itself up with another massive pump that will last anytime from one week to two weeks depending on how crazy things get for this first wave of altseason in this coming crypto bull market....
#XBT Update After Yesterday Fud+Rejection Price Dumped From 7800$+ Level To 7200$ Level..Its Almost 600$ Dump In A Day. Price Now Holding Under Local Resistance Which Was A Havvy Resistance Before. If 4H Candle Stay Above 7400$ Then We Can See A Upward Movement From Here Till Next Resistance 7600$ .Otherwise We May See Another Dump Till 7000-7050$ Long...
The short term Altcoin Market Cap is looking very bullish here in my opinion. The last time we broke above the Ichimoku cloud we saw almost 3x gains and now we have broke above the cloud again with 70B acting as support here. We can also see the 50 day MA crossing above the 100 day MA which signals a bullish trend a golden cross with the 50day now approaching the...
As anticipated in my last total2 chart months ago, it appears like the weekly h&s pattern with the breakdown target of negative 10.7 billion will indeed be a fakeout. Who could have ever guessed such a thing? :P of course, it 1st needs to flip the weekly 50ma to solidified support but that seems likely to happen within the next week or 2 and then alt season can...
ALT MCAP seems to be in a falling wedge pattern,which is bullish. Alt season or I would rather say mini Alt season is expected if it successfully breaks out upwards. for it to breakout upwards , BTC has to consolidate at some point with a significant decrease in BTC dominance.
Very similar pattern playing out right now to that of 2014 to 2016 on the Altcoin Marketcap! Same wave patterns and very similar time duration's on the downtrend cycle of the bear markets. Alt season should be starting within the next few weeks, around the 21st October.
This is just a quick reference to where the alt market may be heading after Bitcoin's latest sell off. To me it is impressive how the market managed to follow a downtrend that symmetrical to the uptrend of January - June. Do you think it can go all the way down to fill the pattern? Personally I see the next symmetrical Support levels as strong candidates for the...