VincePrince

Here Is Why BTC.D Can Decrease Further In 2020 And 2021!

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
Hello Traders Investors And Community, hopefully, everybody is doing well in this volatile market environment we are facing these days. As I mentioned already the bitcoin dominance is decreasing in comparison to the alt-coins in the short-term where we have a big difference in the spread and momentum of these two leading factors in the cryptocurrency space, if you did not saw this analysis already I highly recommend that you watch it by going on my account and look at the comparison. Furthermore, I detected some important and meaningful signals in the bitcoin dominance which can affect the difference between these two factors highly and can grow from the small perspective into the middle-to-long-term-perspective also which is shown in the bitcoin dominance chart that can be the cause for a possible alt-season similar as to the one seen in 2018.

When looking at my chart you can examine that BTC .D already formed this huge significant bear-flag from October 19 to January 20 which is marked in blue and provided the fist bear-flag-confirmation to the downside of this sort in the structure. You can also see there that BTC .D just tipped one time slightly above the upper boundary of the bear-flag before moving heavily to the downside and finally confirmed below the lower boundary of the flag to consolidate and move on. Furthermore, there is the 200-EMA which is marked in red in the chart where bitcoin confirmed below and consolidated below, this complete structure is now completely identical in repetition but the amplitude and length of the flag is much much bigger this time as this can result into a decline of BTC .D in the market and stronger altcoins in comparison.

As the index is now stabilizing below the lower boundary of the bear-flag which confirmed already to the downside there is the probability given that it moves higher which will cause a stronger BTC .D in the short-term and a final confirmation of the second fundamental historical bear-flag before providing the next wave to the downside which can cause an altcoin-season in 2020 - 2021 similarly to the season which we have seen in 2018 where many altcoins just skyrocket, taking these facts into consideration it will be worthwhile to look on opportunities within altcoins when bitcoin decreases in dominance as this was the smartest option already back in 2018, this does not mean that bitcoin will completely lose insignificance against altcoins but it should definitely be kept in mind as the same scenario seen already confirmed in the past repeating now.

In this manner, thank you for watching, support for more market insight, have a great day and all the best to you!
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Information provided is only educational and should not be used to take action in the markets.
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Comments

VincePrince cryptoarchitect_101
@cryptoarchitect_101, Thanks for sharing the thoughts.
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VincePrince cryptoarchitect_101
@cryptoarchitect_101, Keep it up buddy. Greetings.
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Great idea. Thanks for sharing!
+3 Reply
Ethereum_757 Phi-Deltalytics
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VincePrince Phi-Deltalytics
@Phi-Deltalytics, Thank you very much.
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VincePrince Phi-Deltalytics
@Phi-Deltalytics, Appreciate the comment, all the best.
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Phi-Deltalytics VincePrince
@VincePrince, Check out our latest update from the institutional traders' perspective. What do you think?
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the bigger picture is a bull flag

+3 Reply
VincePrince sir i have a question as new guy here at block-chain, how can i make profit on invest, and how do i order
+1 Reply
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