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After our @Altcointraders_ article about a new Altcoin cycle back in April:
- The Altcoin Market cap almost double in size / + 55B
- Many mid caps did 100% or more
Well, what do I expect next from Altcoins & how am I going to play it?
(Bitcoin dominance below)
(1/14) https://twitter.com/damskotrades/status/1248607535793180672
- The Altcoin Market cap almost double in size / + 55B
- Many mid caps did 100% or more
Well, what do I expect next from Altcoins & how am I going to play it?
(Bitcoin dominance below)
(1/14) https://twitter.com/damskotrades/status/1248607535793180672
Let's start with #Bitcoin 
her volatility & the relationship with Altcoins.
Bitcoin volatility is currently at the extreme lows where it only has been 4 times since 2017
All the 4 times it resulted breaking upwards again with a huge Bitcoin move between the 50 & 260%
(2/14)
her volatility & the relationship with Altcoins.Bitcoin volatility is currently at the extreme lows where it only has been 4 times since 2017
All the 4 times it resulted breaking upwards again with a huge Bitcoin move between the 50 & 260%
(2/14)
Next charts shows the relationship between Bitcoin dominance & the volatility
- Bitcoin Volatility returned 4 times from the extremes since 2017
- BTC made 4 times a 60%+ move after the event. (60% - 250%)
- BTC.D bounced 4 times more than 11%. (11.2% - 38.9%)
(3/14)
- Bitcoin Volatility returned 4 times from the extremes since 2017
- BTC made 4 times a 60%+ move after the event. (60% - 250%)
- BTC.D bounced 4 times more than 11%. (11.2% - 38.9%)
(3/14)
Let's take a look at Bitcoin Dominance higher time frames
- Broke years long uptrend line
- Made a higher time frame lower low
Higher time frame bias: Bullish on Altcoins / Bearish on Dominance
Dips are for buying. But timing matters a lot here.
(4/14)
- Broke years long uptrend line
- Made a higher time frame lower low
Higher time frame bias: Bullish on Altcoins / Bearish on Dominance
Dips are for buying. But timing matters a lot here.
(4/14)
Here is the article from back in April where we suspected an potential huge Altcoin run: https://www.altcoin-traders.com/Article/view/13
Chart 1 is the one used in the article & the second one is the current dominance chart. She dropped 9%.
HTF bias still intact but we might shift on the timing
(5/14)
Chart 1 is the one used in the article & the second one is the current dominance chart. She dropped 9%.
HTF bias still intact but we might shift on the timing
(5/14)
Bitcoin dominance printed a lower low on the higher time frames while a lot of Altcoins where printing higher highs..
I do think we should buy dips, I also think we should be patient.
(6/14)
I do think we should buy dips, I also think we should be patient.
(6/14)
With Bitcoin imo on the verge of a huge move I do expect downside for Altcoins & upside for dominance.
While Bitcoin dominance had a bearish market structure break on the higher time frames I'm looking to buy dips.
When? ( see next tweet)
(7/14)
While Bitcoin dominance had a bearish market structure break on the higher time frames I'm looking to buy dips.
When? ( see next tweet)
(7/14)
When?
Buy the HTF lower high on the dominance chart.
&
Buy the HTF higher low on the Altcoin chart
This gives you a super close invalidation of your bullish bias.
No close above our key resistance for Dominance
No close below our key support for the Altcoin
(8/14)
Buy the HTF lower high on the dominance chart.
&
Buy the HTF higher low on the Altcoin chart
This gives you a super close invalidation of your bullish bias.
No close above our key resistance for Dominance
No close below our key support for the Altcoin
(8/14)
#Bitcoin thoughts (non Altcoin market outlook related)
- Third touch of the higher time frame resistance
- Forming bullish MS / showing strength below
- Resistance not doing her job.
Bullish signs but we need that close above first to turn bull.
(Ideally above 10.5k)
(9/14)
thoughts (non Altcoin market outlook related)- Third touch of the higher time frame resistance
- Forming bullish MS / showing strength below
- Resistance not doing her job.
Bullish signs but we need that close above first to turn bull.
(Ideally above 10.5k)
(9/14)
#Bitcoin Monthly
- Breaking the huge downtrendline
- Forming a potentially very bullish monthly candle breaking upwards. (4 more days)
(10/14)
Monthly- Breaking the huge downtrendline
- Forming a potentially very bullish monthly candle breaking upwards. (4 more days)
(10/14)
#Silver vs #Bitcoin
Very interesting comparison made by my man @BillGK_Crypto
Bitcoin looking very similar to Silver before her big break out
(11/14)
Very interesting comparison made by my man @BillGK_Crypto
Bitcoin looking very similar to Silver before her big break out
(11/14)
Overal conclusion of this nonsense:
- Still on track of the new Altcoin cycle from the article in April
- Still bullish on the macro Altcoins
- Expecting huge volatility for Bitcoin (40%+ move)
- Expecting way more downside for Altcoins until Bitcoin is done
(12/14)
- Still on track of the new Altcoin cycle from the article in April
- Still bullish on the macro Altcoins
- Expecting huge volatility for Bitcoin (40%+ move)
- Expecting way more downside for Altcoins until Bitcoin is done
(12/14)
Overal conclusions of this nonsense part 2
- Turning slightly bullish on Bitcoin but need confirmation above 10.5k
- Again, main point of this thread is to point out the incoming Bitcoin volatility and Altcoin blood
(13/14)
- Turning slightly bullish on Bitcoin but need confirmation above 10.5k
- Again, main point of this thread is to point out the incoming Bitcoin volatility and Altcoin blood
(13/14)
Plan?
- Look for Bitcoin longs around 9.5 or a flip of 10.5k
- Being very patient with Altcoins
- Scanning markets for HTF Altcoin levels where a potentially higher low can be formed
- Watching the Bitcoin dom chart for the lower high zone
(14/14)
- Look for Bitcoin longs around 9.5 or a flip of 10.5k
- Being very patient with Altcoins
- Scanning markets for HTF Altcoin levels where a potentially higher low can be formed
- Watching the Bitcoin dom chart for the lower high zone
(14/14)
