Coinbook Videos

Altcoin Market Prepping for Breakout! Today, everything is bullish. It’s a good day to go down the list and look at all the coins and see what the structure of each coin is doing. The total market cap represents the total of all small coins so we can get an idea of what is happening in the market overall by looking at a large sample of smaller coins. The summary is that most alts are starting to lift off of their recent lows. We are building momentum, and it is paying off across the board. Almost anything we touch doubles. The final laggards are the large cap coins. Some have made moves, but the bulk of the old top 10 coins haven’t budged .. yet. When they do and the alt market breaks out bitcoin dominance might fall to 50% EVEN with bitcoin making new all time highs!

Everyone Watching Bitcoin for $50k! With today’s green BTC candle, everyone is waiting on the edge of their seats for the big $50k break. We are a fraction away and this is as important a round number as $10,000 was. While BTC has consolidated for the past 3 days, alts have taken a chance to gather strength. We are testing the final support on the total altcoin market cap. If we find support here, alts will have a lot of blue sky above them. The biggest change in the last few days is that the large cap alts are gaining more strength even with ETH not driving the move. We have a few new coins exiting the red zone, so there should be more interest moving into alts again soon!

Altseason Getting New Life?? Today has been an amazing day for alts. Bitcoin dominance dropped a full percentage, while the micro caps a portion. Where is the bulk of the inflow? Into large cap alts. Cardano is having an amazing day and is reaching above highs from back in 2018. There are a lot other coins that are jumping up into double digit gains today. Overall a really fun day in the crypto markets.

Bitcoin. Any Questions? You would have to live under a rock to miss bitcoin destroying its all time high today. We broke solidly above our diagonal pivot line that we’ve been watching for 4 months. We also exploded past the all time high resistance. The correction that we had over the past month is now paying HUGE dividends giving us a target of at least $50k. It takes big candles to break big resistance lines and today accentuated that. Altcoins are suffering on average today, but many with the right structure are still set up for a good upside. There were a few notable coins that went up amid the frey. DigiByte is the most notable, but Ravencoin looks strong, Decred killing it as usual, and ALGO just marching upwards regardless of Bitcoin’s Activites. Very very impressive day. Another one for the history books!

Bitcoin Creeping Up On All Time Highs!! Bitcoin has has an amazing morning pulling price right up to our 4 months old trend line. Retesting this after a rejection only 2 days ago makes a strong case for a breakout this weekend. A breakout will put us in all time high land. This movement should bring us to a $50,000 bitcoin within the next 7 days or so! This is amazing. Altcoin market cap has found support on the breakout line today and is setup to run with Bitcoin. We could see a lot of money flowing into the entire crypto market soon.

BREAKOUT Confirmed!! What a DAY!! You know you broke a serious resistance line when the movement is explosive. Breaking the total altcoin market cap yesterday is paying HUGE dividends today as everything is going up. Everything with the right structure is up double digits and anything that looked terrible is looking up. Just keep in mind this is dart board season. Everyone is an expert trader at the moment. So don’t get confused and think that everything we touch will turn to gold. There isn’t much skill in a market like this so keep position size in check! Skim off profits on coins that are going up too fast and don’t’ start making bigger and riskier buys right now. Let the trades finish their job and set aside capital for when the bears come back. Stay humble and stay focused. This is the type of market where experts can get overconfident and make stupid mistakes! Good luck in your trading :)

Altcoin Market BREAKOUT!! Altcoins established two pivot lines back in 2017 and 2018 that have formed our trading range for the entire altcoin market. We’ve traded within that range for the past 11 days and JUST yesterday we close above the range. With this breakout the entire altcoin market could shoot up to 13 M bitcoin as a total market cap. That give us another 20% upside to our alt season. Is everyone having fun yet? We have so many coins that are still in the red zone. We could have a lot more coins breaking out. It is the large cap coins that have been struggling during this alt season. The only coin really showing strength is Ethereum. If we could get BCH, LTC, and other majors going the total market would see an amazing surge. Hopefully that’s still coming along.

Bitcoin Breakout! Ethereum Breaking 200 Week SMA??? Yesterday’s Bitcoin close sets us up for a target of $40k and you all know what will happen at $40k… Yeah the target from there is $50k. We are looking at a 35% increase from current prices. Ethereum is ready to blow! The biggest line for ETH is the 200 week sma and we are trading at it. We should explode above that within the next 24 hours. If Ethereum launches against BTC, Bitcoin dominance will drop. If BTC dom drops we should see an increase in other alts as macro traders will go long on the overall altcoin market. Micro caps are taking a break, but I fully expect them to heat back up with the current climate. We are definitely seeing an altcoin season even with BTC jumping. This is where trading gets fun. Best of luck to you all :)

Alt Season Still On Fire! Last Friday I thought we were going to have an altcoin market correction, but before end of day the total marketcap pulled back above the 10.4M Bitcoin level. Crazy strong moves which is giving alts more runway. So far we have a handful of coins that have tripled or quadrupled, but about 11 that have doubled! It sure is fun to trade when you are winning! The good news is that we still have a ton of coins in the red zone which means there are plenty of opportunities to go. Since about 80% of coins are showing solid structure, the ones that are on the fence should start breaking out over the next few weeks. Our patience over the 60% drop since September is really paying off. Congrats on your trading everyone!