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

[dragonvslinux]

Altcoin Speculation Coming Soon... (04/10)



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.

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

Own work: dragononcrypto

[coinporch]

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

[hashman]

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

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.

[jarhed]

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

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.

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.

[Battareus]

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.

[marcbitcoins]

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.

[BlinkInDie]

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.

[NathanJB]

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

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.

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.

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.  

[minime0105]

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?

[dragonvslinux]

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?

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.

[Deborah Christine]

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

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.

[cribusen]

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.

[Red-Apple]

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!!!

[peter0425]

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

I dont think so. No one can predict exactly when altcoin will rise. Because now the price of bitcoin has not gone up yet.

While you don’t believe in this speculation yet I will try to advice you to check the graph from op and analyze what does it mean why some are positive for their altcoins

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.

Since Bitcoin is the basis of the prices if will grow or not,then it’s much better if we will wait until it happens,but for me it will not take 5 months before altcoin season comes

[CryptoBry]

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.

[kidbounty]

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

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.

[cryptoknightt]

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.

[m.rifki]

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.

[Karto]

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

[lab rat hoax]

Source: Trading View, October 4th 2019

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

Own work: dragononcrypto

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