Altcoins
shitperp vs altperp#ALTS Market Breadth (LOW_CAP/LARGE_CAP) - Looking closely to identify if altcoins sector is where the alpha is.
I ll update this TA.
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XRPUSD , 4H XRPUSD , 4H
Look at XRPUSD.
Buy a small bounce to retest the patience only, then drop below the recorded low ...
The market in general is for speculation and exit as soon as possible ....
Our view is selling, and for the investor it is not yet time to buy. Keep the dollar to seize opportunities from the lowest prices ...
teleg : @scalpingswingtrade
Crypto Marketcap recovery ?
So far Elon Musk did his best to dump the crypto market. Good job, but you failed.
We can clearly still see a nice uptrend channel and the fib support level 0.382 did his job. We just bounced at the bottom of the channel, wich btw gave a good entry-point, total crypto market cap has now a potential to rise upwards appr. 30-35%.
So far RSI and MACD didn't confirm the strenght of the ongoing bounce, but it's probably just a matter of time.
Signal we are looking for in the next days :
- MACD should break above the signal line
- RSI should not bounce under the 50 level
- ADX should growth in strengh and Di+ moove above Di-
- Price should not cross and close below the 0.382 fib level
Remember this is not a financial advice, you should do your own researchs.
