Tomorrow I’ll be going through altcoin market bringing you profitable setups I find.

If you found some interesting coins, send me to @CryptoSignalsAdmin so I can take a look and share my opinion.

Pick wisely where you’re putting your money because 95%+ altcoins look or will look like this.

Those are dead coins that will be slowly delisted from exchanges and become the past.

BAT/BTC pair is approaching long term support, so I will be looking for buy signs on that support (bullish engulfing or pin bar) in order to buy it.

I will keep you updated on this one.

TEZOS is in an obvious uptrend and I would look only for buy opportunities.

Two areas where buyers may step in area 1900-2000 sats support area built based on the previous high that is also an important psychological level.

Because of increasing selling pressure, I am not sure if that one will hold and I wouldn’t go nosedive into that trade.

Firstly I would like to see price testing it and bullish rejections in the form of wicks or bullish engulfing candles.

The second buy area is the golden ratio on 1500 sats.

I will keep you updated on this one!

BNB is currently sitting at its support but I am not going to buy it.

The entire higher time direction and this test of support give me enough confluence to stay away from this buy trade.

What you want to see when the price is testing support is an instant bounce.

In my opinion, BNB is ready for a 20-30% drop in the upcoming days/weeks.

Buy scenario only if the trend line gets reclaimed.

ETHBTC stuck in a downtrend without any signs of potential bullish momentum.

Only in case we get a close above green line on a weekly time frame; we can consider buying it.

Otherwise, it can sink deeper down.

XRPBTC still in a clear downtrend but this move above EMA 9 on a weekly time frame is the first sign that the potential end of a bear market is near.

For that, we need to make a higher high and stop making lower lows by breaking below through the support area.

That’s why it’s essential for the green area to hold; otherwise, we are off for another 30-40% drop towards next support (1500).

Educational articles:

Why will 99% of Altcoins die?

Latest Coin Analysis:

ETH : https://news.1rj.ru/str/CryptoExpertSignals/4984
XRP: https://news.1rj.ru/str/CryptoExpertSignals/4985
BNB: https://news.1rj.ru/str/CryptoExpertSignals/4983
TEZOS: https://news.1rj.ru/str/CryptoExpertSignals/4982
BAT: https://news.1rj.ru/str/CryptoExpertSignals/4981
BTC: https://news.1rj.ru/str/CryptoExpertSignals/4977
LTC: https://news.1rj.ru/str/CryptoExpertSignals/4976
ETC: https://news.1rj.ru/str/CryptoExpertSignals/4988
ADA: https://news.1rj.ru/str/CryptoExpertSignals/4989
XLM: https://news.1rj.ru/str/CryptoExpertSignals/4993
MCO: https://news.1rj.ru/str/CryptoExpertSignals/4994

If you want me to analyse some coin, send your request to @CryptoSignalsAdmin

ETCBTC is the best example of what we want to see on a test of support.

This wick bellow green area and close above is a true example of buying power in the market?

Does it mean ETC will go up?

Not, but this is one of the rarest to show that upside potential.

The first thing is to maintain this weekly candle above EMA 9 and then to continue to the upside in the next week.

The lowest it can go is back to EMA 9 to test it.

Close back below EMA 9 and this won’t be good setup as it is now.

The red areas above are potential targets.

ADA/BTC is looking awful, to be honest.

What to say about a coin that is at an all-time low?

Well, ultimately, sooner or later, it will go up?

No, stop thinking like that.

We are in a bubble similar to the DotCom bubble.

Even though some companies survived and are today leading companies in the world, most of them failed.

The same will happen with crypto so stop filling your bags with worthless coins.

If it’s 450 sats now, it can be 100 sats in 6 months which will be 80% down if you buy now.

buy only when there is confirmation in the market and ADA didn’t give us a bullish confirmation for ages.

If it goes back in the red area, YES, it can go up but without that, it will keep going lower.

The red area had to hold but as you can see, it failed to do it!

Why will 99% of Altcoins die?

This is a hard truth to swallow, but you have to if you want to make some money in crypto.

This is a natural law as well.

There will be only one king of the jungle - Lion.

Even though there are hundreds of lions in that jungle, the king is one.

The same happened in the DotCom bubble.

There were thousands of companies with great ideas. Having a great idea is not hard and all you need is an opened mind.

But when it comes to making that idea true, problems arise.

Some of them struggle to raise money, hire a good-working team, make a great product, deliver to the market audience.

There are hundreds of obstacles but those who overcome all of them will ultimately be market leaders.

The best examples are the companies such as Amazin, Apple that were also struggling throughout the DotCom bubble, bbut they were strong enough to survive and achieve what they are today.

At one point, Amazon stocks were 90% down but those who were holding are enjoying fortune today.

To hold through tough times, you need to know the reason you bought stocks or coins in our example.

Back in 2017, to launch an ICO, you needed basic HTML page, copied white paper with small changes and an egoistic nature claiming you are building new Bitcoin.

A few weeks later, you raised millions out of nowhere.

No right business plan, team behind, nothing!

And you are asking now why those coins keep falling down?

But why are ETH or XRP as major cryptocurrencies going down?

In the case of ETH and XRP, they are on the edge of the cliff to prove they are strong enough to survive through a tough period.

I don’t know if they are Amazon or Apple of the crypto world, neither you know.

but what I know is that even though they are 90% down from the ATH, they are 15-20X up from the same time in 2016.

Even though comparison with 2017 looks terrible, comparison with 2016 is still outstanding.

So, maybe we should change the perspective and look at the bigger picture.

I do hold ETH and XRP in small chunks but my main focus is Bitcoin and it should be yours too!

I am not an altcoin hater but just a technical trader that didn't get a bullish sign on the majority of altcoins for ages.

XLMBTC is one in the line of the bearish coins.

On top of all these bearish setups, XLM printed this big wick exactly in the resistance area.

Somebody pushed positive news so he can sell his bags.

I try to avoid drawing unnecessary lines on the chart, but here is a great example of wave structure:

As you can see, we’ve been through 2 major sell waves and we’re currently in anticipation of the third wave that could send this coin literally to zero.

I have nothing bullish to say about this coin and even though it’s low, I think it can go lower to 200-250 sats area.

MCOBTC is one currently around long term resistance area.

Currently, it is above that area, but let’s wait for the weekly candlestick to close.

This reminds me of Bitcoin reclaiming 6k support.

This is what you want to see if you are bullish on some coin.

You want to see price breaking above resistance areas and turning them into support.

This is one of the better-looking coins, especially because its above EMA 9 so it is in the mini bull market and it can continue if it maintains close above green area.

The main target, in that case, is 0.001 (+45%).

Great Bitcoin’s performance caused a phenomenal weekly close above resistance ($7300).

While this looks great, just to remind you we have still one big resistance to break in order to say the bottom is reached and that is the area around $7700.

The higher above that area we go, the better and the pullback will be for buying.

So the forecast for this week is very simple.

The test of resistance ($7700-7800) is most likely to happen and also the test of $7300 is for buying if it happens.

December 17th, 2017 - Bitcoin reached an all-time high at $20k.

December 15th, 2018 - Bitcoin bottoms out at $3.1k

December 18th, 2019 - Bitcoin creates the lowest low after topping out at $13.9k in June.

Is this just a coincidence or there is something special in December that is important for Bitcoin’s cycles?

Coincidence?
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