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Altbtc

Realistic altcoin gameplan using eth as market guideEth leads alts and should give us a semblance of what to realistically expect. Blowoff top to 0.054 into bitcoin halving in mid may. ($500-$550 area w/ $9500 btc) Dump to 0.036 area ($270-$300 area w/ $7700 btc) when miners capitulate Consolidate until Q4 before an end of year alt season to 0.07 ($1330 w/ $19000 btc). Dump back to 0.036 area ($270-$300 area w/ $7700 btc) when stocks crash and everybody goes risk off in Q3 2021 Consolidate until new tax year (2022) then moon (hyperinflation) or zero (great depression).
Long
by lim_sup
What December 2015 may tell us about Altcoins right now.Comparing the markets to Q4 2015, BTC/USD broke out, ending the bear market, confirming multi-year bull market. But with The Halvening several months out, BTC historically seems hesitant to continue moving up, thus in consolidation mode. Where does that new money go to? Looking back, the best time to start buying altcoins was during this period, more specifically December 2015. Jan thru May 2016 was the "test pump" that birthed what we know as the 2017 craze. It was the alt season before the Alt Season. These were fantastic buy + hold positions for a year or two. I can't predict the future, so I can't say whether BTC will move sideways for the remainder of the year, or will surprise everyone and retest the ATH soon. But based on history, it is more likely that we'll move sideways, thus getting into long term altcoin positions is not a bad decision at this point. Does NOT mean your ALT/BTC pair won't dip 50% from here, but it does seem like that is the worst that will happen, if you can stomach it. I'm seeing several ALT/BTC charts on the weekly that are extremely oversold. Bitcoin Maximalist gloating is going parabolic. Even the most shitcoin-degenerate folks (also known as "community members") on the internet are starting to capitulate. Buy when there's blood on the street folks! Either you believe it or you don't, but markets do not change as long as humans are fearful or greedy!
BITSTAMP:BTCUSD
by Captain_Falcon
Bitcoin vs. ALTBTC MARKET CAPITALIZATIONALT market cap priced in BTC. It shows the changing valuation of the entire altcoin market with respect to the spot price of Bitcoin. As you can see, at its height, the altcoin bubble was worth around 30 million BTC. That's about 50% more BTC than were actually available in circulation. Even though the price of Bitcoin had already dropped about 33% from its 2017 ATH at this point, it still shows the massive overvaluation of this altcoin space. The 200 and 500 daily moving averages give a slow changing (long-lagging and therefore fairly reliable) signal of shift between so-called bearish and bullish trends. Alts had already started turning bullish in January when the Bitcoin breakout in April changed their course, turning the MAs bearish again. Bitcoin on the other hand has shown an incredibly bullish upthrust and the MAs look set to cross within weeks. Does this mean the price will continue to soar? I suggest you look at 2012 and 2016 when these MAs last turned bullish (see linked chart). In previous "bull" markets, once these MAs crossed bullishly, they stayed that way until the markets peaked. If they were to uncross here, in this year, then I would expect the price to retest the 3k level as the spot price will cross down below the 200 MA. The altcoin MAs still look bearish. They may turn bullish soon, if altbtc coins are bottoming here. But the chart does not look promising. If this doesn't happen the most likely case, in my opinion, is a limited bounce and then another drop before a bullish crossover of the MAs. As far as alts are concerned, it is still a case of watch and wait in most cases. Log version of altbtc market cap, published May 5: Long-term averages for Bitcoin, published July 3:
BITSTAMP:BTCUSD
by RealMcafee
7
Alt season can't happen until BTC retests 20k.Expecting a multi-month alt season that could take us into December once BTC retests 20k. Altcoins are the best way to make and lose Bitcoin, and the new money from BTC won't flow into alts until BTC proves to the market that we're entering a new bull cycle. Many are still bearish. But all that new money needs to go somewhere, and altcoins are like the pressure relief valve for Bitcoin. Looking to catch the capitulation, especially in bigger alts like XRP and ETH, where the money usually flows first. Many alts have already pumped due to fundamentals, but it's not a real alt season until every single alt pumps for absolutely no damn reason.
BITSTAMP:BTCUSD
by Captain_Falcon
7
Alts Against Bitcoin : Where Are We Heading?#Alt_Update #ALTs / #BTC The main reason we have not been posting ideas was the Alt market scenario. It was in a downward move since May 30 which was more of a correctional retrace move instead of a major downward trend. We are now at a major point were we can decide that Alts will continue and enter a major downward channel or not. The main price level area is at around 945B which is depicted by the blue circle on the chart. If Alts market is going to break the support of this level at the closing of the current chart we might go further downward and will be in a bearish overall market trend for some days by the following week. In the other scenario which can happen we might see a good bullish reversal move and will test the area at around 1.16Tr level. Further if it can break the resistance at that area we will be on the start of a bullish season for Alts. -MACD and RSI are still in bearish mode amd EMA still in bear mode too. By this we conclude that we need to be careful on our alt trades and need to be sure on accumulations backed by TA and FA studies.
CRYPTOCAP:TOTAL2
by cryptotalk_et
1