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

[dragonvslinux]

OP updated with screenshots since the price movement of BTC down to $7.5K. Notably altcoins continue to gain dominance against Bitcoin, since the initial breakdown from the descending triangle. The further Bitcoin corrects, the more it is shedding it's dominance. Looks like blue chip altcoins are fast becoming a Satoshi safe haven...

Altcoin Dominance Bouncing From 0.382 Fib Retracement (18/09)

Source" Trading View, September 18th 2019. Screenshot: October 24th 2019

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

An Updated Closer Look (24/10)

The total altcoin market dominance looks healthier which each week that passes, continuing to find support above the 200 Week MA (30.4%) and currently moving above the 21 Week MA at 31.8%. RSI is now leaving the bearish territory (40) while the CMF has nearly made it out the red, continuing to show bullish divergence. Considering the updated outlook of small cap dominance, "blue chip" altcoins may continue to become a Satoshi safe haven, continuing reading.

Source" Trading View, September 18th 2019. Screenshot: October 24th 2019

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



Source: Trading View, October 4th 2019

Despite the accuracy, for reference sake I've had to ditch this chart due to CMC re-calculations. As you can see, there is now a big gap that has formed, specifically soon after the chart was published, that's skewing the results despite the dominance already moving in my favor.

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

An Updated Closer Look (24/10)

With the death cross (between the 50 & 200 Week MA) appearing on small cap altcoin dominance this week, confirming a long-term bear trend, it's worth tightening any stop losses on any small cap trades due to the possibility of a continued sell of. While the bear cross is a lagging indicator to confirm long-term trends, and the "price" could rally towards it (has often happens in Bitcoin) it's also bearish by default, similar to the flattening of the CMF.

Source: Trading View (screenshot), October 24th 2019

Own work: dragononcrypto

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[toast]

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.

true that you convey in a situation like this, investors must be smarter in taking advantage of every opportunity we get, we must be clever in looking at charts and reading speculations again again, it all depends on the beliefs and patience of investors themselves because the development of crypto or altcoin currencies no one can predict with certainty

[Patrix_1]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

[michellee]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

Some altcoin is falling, but the other altcoin still trying to stay the price now, and some other altcoins are trying to break the higher rate. You can see that there are many altcoins are at the green candle after it was down yesterday, and many of the altcoins still struggle to get more attention from the traders. We will see another increase in the altcoin in the next week, and I hope that will give time to the altcoin to rise higher. Bitcoin itself is also trying to increase after the down, and we can expect that the domination of bitcoin will be back usual.

[dragonvslinux]

Updated OP with latest screenshots & analysis + closer look at these charts. Sometimes you draw a random line and price follows it 

Source: Trading View (screenshot), October 24th 2019

[PuertoLibre]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

Simple: The alt season can push the prices towards higher resistance price levels, even falling dominance can speed up this process. The higher dominance means there is no enough space in the crypto market cap for altcoin's uptrend capacity, the rising BTC will add more to this pressure due to the dominance. Crashing BTC is the worst nightmare of all altcoins, the recovery possibilities drop if money moves out of the market with low BTC prices.

[bohr]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

Simple: The alt season can push the prices towards higher resistance price levels, even falling dominance can speed up this process. The higher dominance means there is no enough space in the crypto market cap for altcoin's uptrend capacity, the rising BTC will add more to this pressure due to the dominance. Crashing BTC is the worst nightmare of all altcoins, the recovery possibilities drop if money moves out of the market with low BTC prices.

When the market was going up during the beginning of this year there was a very strong hope for many investors that they will finally get what they had been waiting for years which is another altcoin season, but now that the price has been going down for months I think those hopes have finite disappeared since there is no way for the market of altcoins to go up when bitcoin is moving down or not moving at all, but I really expect that the next year is going to be a lot better for altcoins.

[bitcampaign]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistently

[scambust]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistently

I don't think development teams run out of funds because of a bear market. They run out of funds because they are stupid and don't know how to manage a business. They don't know how to hedge their crypto wealth and keep on spending like there is no tomorrow.

[binhvo1505]

Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.

[elisabetheva]

Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.

what you say is also understandable and I also feel that what you say is an analysis that may be the same as what has happened so far and acknowledge that it is true as I expected.
bitcoin is still the most important reference of the crypto market and I am not apathetic about altcoin, but many more cannot grow even though there are quite a lot of them but are still influenced by bitcoin.

[matchi2011]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistently

The chances of being manipulated is always prone with alts that have no real usages, the market is so wild to the point that investors can easily lose
their money in a short period of time. You need to be precise deciding when to buy and place your position so with when to sell. There's no certain
time where you can accurately predict but you can keep specific project that have real intentions.

[Hamphser]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistently

The chances of being manipulated is always prone with alts that have no real usages, the market is so wild to the point that investors can easily lose
their money in a short period of time. You need to be precise deciding when to buy and place your position so with when to sell. There's no certain
time where you can accurately predict but you can keep specific project that have real intentions.

Most newbies didn't see the part of investing only to the useful and meaningful projects and not just a quick rich scheme project that is being hype up just to gain an investors. There are top coins in the marketcal already and all you need is to invest it and wait for the right time to sell.

[slaman29]

Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.

Dude, people are sharing signals and charts. They're not promising any returns or guaranteeing profits. You read, you learn, you share your own views, that's the whole point.

And duh crypto follows bitcoin. Holders are looking even longer than June 2020, believe me.

Red for altcoin markets isn't guaranteed. A lot can and will happen.

[Lanatsa]

Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.

Dude, people are sharing signals and charts. They're not promising any returns or guaranteeing profits. You read, you learn, you share your own views, that's the whole point.

And duh crypto follows bitcoin. Holders are looking even longer than June 2020, believe me.

Red for altcoin markets isn't guaranteed. A lot can and will happen.

As a reader then its just normal for us to read up these kind of analysis where charts and other technicals been shared of.
Majority wont really give out that assurance excluding to those analyst that do said of guaranteed possibility which isnt really true at all.
Market is way too unpredictable thats why its really hard to believe on for someone who do claim up with such presumptions.
Well we can risk on buying but always have that good thinking.

[bitcampaign]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistently

I don't think development teams run out of funds because of a bear market. They run out of funds because they are stupid and don't know how to manage a business. They don't know how to hedge their crypto wealth and keep on spending like there is no tomorrow.

because of their experience in the crypto world that only makes them a little wrong in making decisions, so they run out of funds, usually new crypto projects are more easily disappear in this bear market even they look no longer alive, their social media disappears and the website cannot be accessed either don't know how the project will develop in the future, many new altcoins are dying in this bear market

[dragonvslinux]

Regarding the OTHERS.D TA: despite the accuracy, for reference sake I've had to ditch this chart due to CMC re-calculations. As you can see, there is now a big gap that has formed, specifically soon after the chart was published, that's skewing the results despite the dominance already moving in my favor.

This is what the chart previously looked like, as you can see the gap has been re-calculated and is now considerably larger (dominance is following the arrow, as opposed to now above it). Ideally I'd be able to look at the original version, but unfortunately this isn't possible anymore:

I'm not entirely sure what this now means for speculating on small cap coin dominance. I don't believe this "gap" has to be filled, as it's CMC generate as opposed to organic (regarding forked coins increasing OTHERS.D for example), but either way the small cap dominance has come close enough to my initial target of around 7.5%.

[bohr]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistently

A project is not going to go bankrupt just because the price of its coins begins to go down, remember most coins are now released through icos or ieos which means that the developers sell most or all of their coins to raise enough funds to make the project a reality, and if they are smart they are going to immediately sell those funds for fiat or a stable coin so the volatility of the market is not going to affect them, the real problem is that most of those developers never had the intention of creating anything and at some point they flee with the funds.

[hulla]

Altcoins are not moving at all whatever happens. BTC is raising, altcoins are on the same point, or even falling. BTC is falling, the whole market crashes and altcoins are falling even deeper. I cannot even imagine what should happen to push alts forward.

please avoid Altcoin which is not the top 50 coinmarketcap, I think you mean the more in altcoin what you hold whether they are new altcoins, I think if altcoin falls deeper they run out of funds and go bankrupt with no investors and only manipulate prices, so go buy some Altcoins Coinmarketcap's top 50 will make you better and they continue to maintain their prices consistently

A project is not going to go bankrupt just because the price of its coins begins to go down

Sort of because we seen some project which endup bankruptcy when their coin price in the market is meanless and we a situation where the coin later surge because the team create strategy to save their coin.

remember most coins are now released through icos or ieos which means that the developers sell most or all of their coins to raise enough funds to make the project a reality

That's correct but they always don't sell all their found and the last time I checked every project owners always keep 45% for the project team i.e if the project is launch through ICO, IEO, STO etc.

if they are smart they are going to immediately sell those funds for fiat or a stable coin so the volatility of the market is not going to affect them, the real problem is that most of those developers never had the intention of creating anything and at some point they flee with the funds.

Selling of fund raised during initial offering or swapping it for stablecoin still doesn't save project coin from dump in price or bankruptcy cause the project team still to play an important in liquidity, buy and selling of their coin on exchange site in other to save their project/coin.

[Lecam]

Although the charts are showing fairly accurate signals, I have a lot of doubt about these signals. because in the near future the crypto market seems to be paying attention only to bitcoin and many people want to buy and hold it until June 2020. that shows that the market is just buying bitcoin and soon the alts are going to be colored. The red continued due to no need to buy or sell.

I think those signals are very interesting need to be positive about that many are holding bitcoin as for now because they know thag bitcoin have potential to grow soon. Altcoins can grow also once bitcoin finish the recovery zoon. Because many of altcoins grow the price once bitcoin goes up. So be positive sir this signals are only speculation.