Crypto MarketCap Analysis & Altseason..!!

2019年10月19日

Crypto Market Analysis & Altseason..!!


#1 Total MarketCap

- Forming Falling Wedge Pattern in DAILY Chart..(Bullish Pattern)

- Total MCAP Looks Stable Around 200-210B From Many Days..EMA30 (RED) is Acting As a Resistance..(220b)

- But I'm Expecting Another Lower Low Before Wedge Breakout..(For Strong/Healthy Wedge Formation)

- In Next 2-3 Months, I think New/Fresh Money Will Come to Crypto Space..& 2020 will be Amazing Year for BTC & Cryptocurrencies ..(HOPE)


#2 TOTAL2 (Altcoins MarketCap)

- Lets Take a Look on ALTS MarketCap..Also Forming Falling Wedge Pattern in DAILY Chart.

- Expecting Lower Low Before ALTSeason (Little Crash before Altseason)

- EMA30 Acting as a Resistance & 60b is the Support..

- I'm Expecting That Next 2 Quarters Will be Good For ALTS If Follow Chart Pattern.

- Wedge Breakout Expecting in Next Month (Start of Month) & Target will be Around 100B.



#3 Bitcoin Dominance

- BTC Dominance is Continuously Decreasing Since 2 September 2019..(That's why ALTS Are Recovering)

- Still Following/Inside the Rising Channel Pattern in Weekly Chart..& Looking Bearish So Far.

- EMA30 is the Major Support (65%) & If Didn't Hold that Next STOP Will be Around 60%..(Official Altseason Will Start From Here)



#4 ALTS Dominance

- It's Opposite to BTC Dominance..

- Forming Falling Channel & Looking Bullish in Weekly Chart..

Major Resistance Levels Are 6.2 - 7 - 9.4 ..




Please, give us your opinion in the comments..

If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.

Join Telegram Channel for more analysis - t.me/CryptoCove

The information given is never financial advice. Always do your own research.