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Controller preferences and settings for all Call of Duty League players

Battle Beaver remains on top as the most preferred controller in the Call of Duty League.

The post Controller preferences and settings for all Call of Duty League players appeared first on Dot Esports.

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Battle Beaver has the most preferred controller in competitive Call of Duty yet again, despite Scuf Gaming being an official partner of the Call of Duty League and having separate sponsorships with multiple teams and players.

Throughout the year, I’ve compiled a list of controller preferences, controller settings, Kontrol Freek preferences, and Field of View settings for every player I could find.

Based on this list, the most popular settings for each category in Black Ops Cold War are 6-6 sensitivity with a 1.0 ADS (low zoom), dynamic response curve, flipped triggers, default button layout, and no Kontrol Freeks.

Most information is based on commands I could find on Twitch. But due to some players not being active streamers, some preferences are either unknown or possibly outdated. This list will be updated when needed.

Here are the controller preferences and settings for all of the players in the Call of Duty League.

Dallas Empire

  • Crimsix
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Standard
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 93 (independent)
  • iLLeY
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 0.90 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Yes
    • Kontrol Freek: No
    • Field of View: 90 (affected)
  • Shotzzy
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: No
    • Claw: Yes
    • Kontrol Freek: No
    • Field of View: 100 (independent)
  • Vivid
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1x (low zoom)
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: No
    • Kontrol Freek: CQC
    • Field of View: 95
  • FeLo
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: Claw for switching weapons and reloading. Back button for jumping.
    • Kontrol Freek: No
    • Field of View: 95 (independent)

Atlanta FaZe

  • Simp
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: No
    • Claw: No
    • Kontrol Freek: Alpha on right stick
    • Field of View: 100 (affected)
  • Cellium
    • Controller: Battle Beaver
    • Sensitivity: 7-7 and 1.0 ADS (low zoom)
    • Response Curve: Standard
    • Button layout: Tactical
    • Flipped: Unknown
    • Claw: No
    • Kontrol Freek: None
    • Field of View: 100
  • Arcitys
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Tactical
    • Flipped: No
    • Claw: No
    • Kontrol Freek: Galaxy
    • Field of View: 90 (independent)
  • aBeZy
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Stick & Move
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 95 (affected)
  • Sib
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Standard
    • Button layout: Default
    • Flipped: Yes
    • Claw: Yes
    • Kontrol Freek: Modern Warfare
    • Field of View: 95

OpTic Chicago

  • Scump
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Standard
    • Button layout: Default
    • Flipped: Yes
    • Claw: Yes
    • Kontrol Freek: Unknown
    • Field of View: 95
  • Dashy
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Standard
    • Button layout: Default
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 93 (affected)
  • FormaL
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: Unknown
    • Kontrol Freek: No
    • Field of View: Unknown
  • Envoy
    • Controller: Scuf Impact
    • Sensitivity: 6-6 and 1x (low zoom)
    • Response Curve: Standard
    • Button layout: Tactical
    • Flipped: No
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 95
  • General
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 0.92 ADS (low zoom)
    • Response Curve: Standard
    • Button layout: Default
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: No
    • Field of View: Unknown

Minnesota RØKKR

  • Accuracy
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: CQC (right stick)
    • Field of View: 90
  • Priestahh
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: Yes
    • Claw: Yes
    • Kontrol Freek: No
    • Field of View: 90 (independent)
  • Attach
    • Controller: Scuf
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 90
  • MajorManiak
    • Controller: Scuf (no paddles)
    • Sensitivity: 6-6
    • Response Curve: Unknown
    • Button layout: Default
    • Flipped: Unknown
    • Claw: Yes
    • Kontrol Freek: Alpha (right stick)
    • Field of View: 90 (independent)
  • Standy
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 100 (affected)

Los Angeles Thieves

  • SlasheR
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Yes
    • Kontrol Freek: None
    • Field of View: 95
  • Kenny
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: Yes
    • Claw: Yes
    • Kontrol Freek: None
    • Field of View: 95
  • TJHaLy
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Yes
    • Kontrol Freek: CQC (right)
    • Field of View: 95
  • Drazah
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1x (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: No
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 90 (independent)
  • Venom
    • Controller: Battle Beaver
    • Sensitivity: 7-7 and 0.9 (low zoom)
    • Response Curve: Standard
    • Button layout: Tactical
    • Flipped: No
    • Claw: No
    • Kontrol Freek: Ultra
    • Field of View: 90
  • Huke
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Standard
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: Yes
    • Kontrol Freek: No
    • Field of View: 90 (affected)

Seattle Surge

  • Octane
    • Controller: Scuf
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 100 (affected)
  • Gunless
    • Controller: Battle Beaver
    • Sensitivity: Unknown
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: Unknown
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 100
  • Prestinni
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: Unknown
    • Claw: Half claw
    • Kontrol Freek: No
    • Field of View: 97 (affected)
  • Classic
    • Controller: Battle Beaver
    • Sensitivity: Unknown
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Unknown
    • Field of View: Unknown
  • Loony
    • Controller: Scuf (Xbox One)
    • Sensitivity: 7-7 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 100 (affected)

New York Subliners

  • Clayster
    • Controller: Scuf
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Tactical (Legacy)
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Classic (right stick)
    • Field of View: 90
  • Mack
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 0.95 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Alpha
    • Field of View: Unknown
  • Asim
    • Controller: Battle Beaver
    • Sensitivity: 6-6
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Alpha
    • Field of View: Unknown
  • DiamondCon
    • Controller: Default PS4
    • Sensitivity: 7-7 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: Yes
    • Kontrol Freek: Inferno
    • Field of View: 90 (affected)
  • HyDra
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Bumper Jumper Tactical
    • Flipped: Yes
    • Claw: Yes
    • Kontrol Freek: None
    • Field of View: 100 (independent)

Florida Mutineers

  • Owakening
    • Controller: Scuf
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: Unknown
    • Claw: No
    • Kontrol Freek: FPS Freek Edge (right stick)
    • Field of View: 100
  • Slacked
    • Controller: Battle Beaver
    • Sensitivity: 6-6
    • Response Curve: Dynamic
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Unknown
    • Field of View: 95
  • Skyz
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 0.9 ADS (low zoom)
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Yes
    • Kontrol Freek: No
    • Field of View: 95 (independent)
  • Neptune
    • Controller: Battle Beaver
    • Sensitivity: 7-7 and 0.9 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Yes
    • Kontrol Freek: No
    • Field of View: 100 (affected)
  • Havok
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1x (low zoom)
    • Response Curve: Standard
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 95

Paris Legion

  • Skrapz
    • Controller: Scuf (no paddles)
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 90
  • AquA
    • Controller: Scuf (no paddles)
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Yes
    • Kontrol Freek: Unknown
    • Field of View: 95 (affected)
  • Temp
    • Controller: Scuf
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Unknown
    • Button layout: Tactical
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: None
    • Field of View: 90 (affected)
  • Zaptius
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: Yes, for triangle only
    • Kontrol Freek: Ultra
    • Field of View: 100

Los Angeles Guerrillas

  • SiLLY
    • Controller: Battle Beaver
    • Sensitivity: 6-6 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 97
  • Assault
    • Controller: Battle Beaver
    • Sensitivity: 6-6 0.9 ADS (low zoom)
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: No
    • Field of View: 100
  • Apathy
    • Controller: Battle Beaver
    • Sensitivity: 6-6 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 95
  • Cheen
    • Controller: Scuf
    • Sensitivity: 7-6 and 0.85 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default (Inverted)
    • Flipped: Yes
    • Claw: Unknown
    • Kontrol Freek: None
    • Field of View: 90
  • MentaL
    • Controller: Unknown
    • Sensitivity: Unknown
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Unknown
    • Field of View: Unknown

Toronto Ultra

  • Methodz
    • Controller: Scuf Impact
    • Sensitivity: 6-6 and 1x (low zoom)
    • Response Curve: Dynamic
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Unknown
    • Field of View: 90 (independent)
  • CleanX
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Unknown
    • Button layout: Tactical
    • Flipped: Unknown
    • Claw: Yes
    • Kontrol Freek: Alpha
    • Field of View: 100
  • Cammy
    • Controller: Scuf
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: CQC
    • Field of View: Unknown
  • Bance
    • Controller: Scuf
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Default
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 100 (affected)
  • Insight
    • Controller: Scuf Impact
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Standard
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Unknown
    • Field of View: 90 (independent)

London Royal Ravens

  • Alexx
    • Controller: Battle Beaver
    • Sensitivity: Unknown
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Unknown
    • Field of View: Unknown
  • Dylan
    • Controller: Battle Beaver
    • Sensitivity: Unknown
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Unknown
    • Field of View: Unknown
  • Seany
    • Controller: Battle Beaver
    • Sensitivity: Unknown
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: Unknown
    • Kontrol Freek: Unknown
    • Field of View: Unknown
  • Afro
    • Controller: Battle Beaver
    • Sensitivity: Unknown
    • Response Curve: Unknown
    • Button layout: Unknown
    • Flipped: Unknown
    • Claw: No
    • Kontrol Freek: Unknown
    • Field of View: Unknown
  • Zed
    • Controller: Scuf (one paddle)
    • Sensitivity: 6-6 and 0.8 ADS (low zoom)
    • Response Curve: Dynamic
    • Button layout: Tactical
    • Flipped: Yes
    • Claw: No
    • Kontrol Freek: No
    • Field of View: 95
  • PaulEhx
    • Controller: Battle Beaver
    • Sensitivity: 6-6 and 1.0 ADS (low zoom)
    • Response Curve: Standard
    • Button layout: Tactical
    • Flipped: No
    • Claw: No
    • Kontrol Freek: Ultra (right)
    • Field of View: 90

Source: https://dotesports.com/call-of-duty/news/controller-preferences-and-settings-for-all-call-of-duty-league-players

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Coinbase scores $1.3 million deal with US government even after SEC alarms

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Coinbase, the largest crypto exchange in the United States has been able to secure a new deal with the United States’ Immigration and Customs Enforcement (ICE) office which would see it use its Coinbase Analytics tool for undisclosed purposes. Per available information, the government agency will be paying as high as $1.36 million as licensing fee to the Brian Armstrong-led crypto exchange.

Coinbase, US agencies partnerships

In proof of the exchange capability, SAM.gov’s database indicated that the crypto firm was the “only vendor” who could provide the services needed by the ICE. However, details of the kind of information Coinbase would be sharing or analyzing remain obscure.

It is interesting to note that the ICE is a branch of the U.S. Homeland Security. It is in charge of investigating cross-border crimes and also to check the influx of illegal migration into the United States.

The Armstrong-led exchange has also seen its Coinbase Analytics tool enjoy some level of patronage from different government agencies. Earlier in the year, it inked a deal with Secret Service which contracted the exchange until 2024 and would see it use the firm’s blockchain forensics tools.

Apart from the security agencies, other government agencies like the Drug Enforcement Administration (DEA) and the Internal Revenue Services (IRS) have also shown an interest in analytics tools for their various operations or investigations.

Critics lambast Coinbase’s partnerships

The exchange has also faced some criticism from onlookers who believe it is cashing on its users’ information as its government partnerships run against the core tenet of the crypto industry which is privacy.

One such critic is DJ Booth, who once said “Coinbase collect private information about their customers due to AML regulations, track customer transactions before and after exiting Coinbase, and then onsell that private information and public data to law enforcement, all without ethical remorse. OK, it’s just business.”

However, despite the amorous relationship between Coinbase and some of the government agencies, the exchange has enjoyed a somewhat frothy relationship with its regulator, the Security and Exchange Commission (SEC) who recently hinted that it could sue the exchange if it proceeds with its plans to provide lending services to its users.

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Source: https://cryptoslate.com/coinbase-scores-deal-with-us-government-after-sec-alarms/

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‘Cryptos are Not Currencies,’ Says ECB’s Lagarde

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European Central Bank (ECB) President Christine Lagarde recently emphasized that cryptocurrencies are not actually currencies, but “highly speculative assets.”

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“Cryptos are not currencies, full stop,” Lagarde stressed. “Cryptos are highly speculative assets that claim their fame as currency, possibly, but they’re not. They are not.” Although not a currency, she did say that they were “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.

Stablecoins and CBDCs

Despite her disdain for cryptocurrencies, Lagarde is more open to stablecoins, as they could facilitate central bank digital currencies (CBDCs). However, as they continue to spread, she believes they and the companies issuing them need more regulation.

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“You have those stablecoins that are beginning to proliferate, which some big techs are trying to promote and push along the way, which are a different animal and need to be regulated, where there has to be oversight that corresponds to the business that they’re actually conducting, irrespective of how they name themselves,” Lagarde said.

To this end, the ECB under Lagarde launched its digital euro projects this year in response to private-sector digital currencies. “I was keen to push the issue, the CBDC issue, on our agenda because I believe that we have to stand ready for that,” she said. Despite the push, the ECB President previously said that a digital Euro could take up to four years to produce. She remarked upon being “prompted by a demand of customers to produce something that will make the central bank and central bank digital currencies fit for the century we are in.”  

CBDC need

The Bank of International Settlements (BIS) shares Lagarde’s perspective about the need for CBDCs to stand up to the rise in privately issued cryptocurrencies. It also believes that without CBDCs, digital money would become increasingly dominated by big tech firms. This could potentially happen primarily by them leveraging their enormous social media user base.

In its latest Annual Economic Report, released earlier this summer, BIS dedicated a chapter to CBDCs. While applauding advancement in the payment systems, the report said that their benefits would depend on their structure and governance. On the one hand, the technology could enable a “virtuous cycle” of broader access, lower costs, as well as better services.

However, the report notes the potential for a “vicious cycle” of data silos, market power, and anti-competitive practices. “CBDCs and open platforms are the most conducive to a virtuous circle,” the report notes.

What do you think about this subject? Write to us and tell us!

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

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Source: https://beincrypto.com/cryptos-are-not-currencies-says-ecbs-lagarde/

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Altcoin Market Cap Scrambles for Support

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The altcoin market cap (ALTCAP) has created a double top pattern close to its all-time high price.

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It has also broken down from an ascending support line and is currently attempting to find support above $1 Trillion (tn) 

Double top

The weekly chart for ALTCAP provides a bearish reading. On Sept 7, it reached a high of $1.44 tn. This was just slightly below the actual all-time high of $1.49 tn, which was reached on May 12. 

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The same week, it created a long upper wick and has been falling since. 

Furthermore, technical indicator readings are bearish. Both the RSI and MACD have generated considerable bearish divergences. In the case of the latter, it is visible in both the histogram and the signal line. 

Furthermore, it seems that ALTCAP has created a double top, which is considered a bearish reversal pattern. 

Therefore, it is possible that a drop will follow.

Altcap double top
Chart By TradingView

Future movement 

The shorter-term daily chart also supports these readings. 

ALTCAP has broken down from an ascending support line and validated it as resistance afterwards. In addition to this, it has fallen below the $1.2 tn horizontal support area. 

The RSI and MACD both support the continuation of the downward movement. The former has fallen below 50 while the latter is decreasing, approaching negative territory. 

The closest support area is at $1 tn. This is the 0.5 Fib retracement support level and coincides with the Supertrend support (green line).

A decrease to this level would also sweep the Sept 7 low, making it a very likely place for ALTCAP to bounce.

Altcap breakdown
Chart By TradingView

Wave count

Cryptocurrency trader @Mesawine1 outlined an altcoin marketcap chart, stating that the fifth and final wave is likely to take it well into a new all-time high.

ALTCAP Wave count
Source: Twitter

When looking at the movement since 2015, this does seem like the most likely wave count, in which ALTCAP is in the final sub-wave (red) of the final wave (white) of a bullish impulse.

Therefore, a new all-time high is eventually expected.

ALTCAP Count
Chart By TradingView

However, it is not yet clear if the longer-term wave four (red) has ended or if it is still developing. Due to the shape and length of the preceding wave two, it is more likely that ALTCAP is still in wave four and will consolidate more prior to an eventual breakout.

ALTCAP Count
Chart By TradingView

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

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Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto’s Senior Analyst.

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Source: https://beincrypto.com/altcoin-market-cap-scrambles-for-support/

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