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

[dragonvslinux]

Here's a nice example of a speculative altcoin looking to breakout to the upside against BTC:

Source (screenshot of): Trading View, October 9th 2019

Own work: dragononcrypto

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[Nnuego]

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

[gaston castano]

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.

[Anonylz]

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.

[mr_random]

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.

Few selected altcoins will shine if the alt season is dominant rather than waiting for the higher Bitcoin dominance.  The most invested altcoins will take a leadership and these coins will be able to gain nice returns on the investment for the altcoin investors. The dominance of the Bitcoin causes a downfall for the altcoin pairs but the end of higher BTC dominance is not far.

[electronicash]

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.

Few selected altcoins will shine if the alt season is dominant rather than waiting for the higher Bitcoin dominance.  The most invested altcoins will take a leadership and these coins will be able to gain nice returns on the investment for the altcoin investors. The dominance of the Bitcoin causes a downfall for the altcoin pairs but the end of higher BTC dominance is not far.

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.

[Darooghe]

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.

[ardentvolcanoes]

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.

While you are still in the process of finding out which coins that will exceed and follow the bitcoin bull, it's best to do your deep research and look for good
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.

[bangdol]

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.

[bhabygrim]

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.

[Ararbermas]

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.

[DU18]

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.
https://cryptotradernews.com/crypto-trader-pro/will-bitcoin-fall-to-5k-by-end-of-2019/

Everyone has the right to speculate with what they believe, I think in trading cryptocurrency we cannot make someone's mind as our reference in trading because what they say may not necessarily be true, if indeed you believe the price of bitcoin will decrease to $5,000, of course You have your own reasons. 
 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.

[uray]

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  .

[cosmofly]

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.
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.

[carlisle1]

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.
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.

there's no doubt that its Bitcoin who's the fastest in recovery on top chart,but looking below ranked 10 we can see some alts that showing good performance and no wonder that what he says true the strong support that some alts bringing is enough to say about market is in good condition now

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

[dragonvslinux]

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

Own work: dragononcrypto

[Sadlife]

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.

and thats what made investors now being afraid of the situation because of this BullTrap that killing the small investors that only wants to gain atleast partly

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

[kapalmabur]

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.

and thats what made investors now being afraid of the situation because of this BullTrap that killing the small investors that only wants to gain atleast partly

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

therefore we must have a good trading strategy so that it is not exposed to the whale trap,
indeed RSI cannot be a true role model, but it can help you,

[dragonvslinux]

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.

Source: Trading View (screenshot), October 20th 2019



Source" Trading View, September 18th 2019. Screenshot: October 20th 2019

Own work: dragononcrypto

[PrivacyBob]

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.

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