according to HOSODA wave theory , fib levels and volume profile , the ALTS bottom seems to be in the indicated green rectangle in the chart .
not a financial advice .
thank you
I see that 1938 level (0.618 fib level ) , is a good target for alts index , its the W pattern target indicated in the chart .
Not a financial advice .
Thank you
based on HOSODA wave theory , fib levels , and volume , i see that the bottom for ALTS would be in the green zone indicated in the chart .
not a financial advice
thank you
i see a formation of a bearish pennant , and this is bearish continuation pattern
i think the target would be in the best case scenario 1.272 fib level , worst case scenario to the red zone .
not a financial advice , only for entertainment purposes
thank you
i see a formation of a bearish pennant , and this is bearish continuation pattern
i think the targets would be ;
first target : 1589
second target :1369
third target :1160
not a financial advice , only for entertainment purposes
thank you
for the ALTS i see that we would have a relief rally for the summer before the next fed meeting in September , its a period that we could get some relief for all the markets .
my scenario is the green line ( chikou span ) crosses the first red line from below , that would be a confirmation that the ALTS would soar to the upside , we have another resistance...
Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this ALTPERP update.
ALTPERP is facing strong resistance here in the daily time frame. Longing anything here is a bit risky. It's better to wait for a pullback. For another bullish rally in Alts, we really need to break this resistance zone of 2300-2400
IMO it's...
I'd think we still have a chance to make higher low,
Otherwise it didn't bounce, i think we will make a new bottom.
Which one is the bottom?
Trade safely.
With October CPI announcing in 3.5 hours, we may see a decent little pump (15%) on ALTPERP if CPI comes in at 8.1% or less. This may possible be followed by the kick off of ALT season if BTC and other external factors play nice. It has found some support on the .786 with history of support. This idea lacks confidence, given the global economic situation and wide...
Here we have alt perps, showing what looks to be a bullish pattern but lacking volume. Most of the time, volume is obtain from violent moves in one direction before we start impulsing in the opposite direction. I am looking for a sweep of the lows in coming days before we get some impulsive action to the upside. I am most interested in bitcoin cash, xrp, litecoin and eos.
Last several months were brutal already, making us a bit sceptic about further lows as how long can this go ?!
But also a big chunk of the market is really focused on catching really low prices, accepting the way we are going. That would be too easy. Here we landed on great support and we are close to the top of the descending channel. It looks like a breakout to...
Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like...
