Crypto Total Market Cap Excluding Top 10 Dominance, %CRYPTOCAP
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We looked at the Bitcoin Dominance Chart (BTC.D) as well as XBTUSD, both charts are showing signals of a peak being reached, which means that a retrace/correction should be taking place now.
In a bullish cycle, when Bitcoin takes a pause to breathe, retrace, and correct, the altcoins do not follow, they simply build up and start to pay.
IT IS THE ALTCOINS TURN!
Bitcoin is just an extra for us, we trade altcoins but why?
Why do we trade mainly altcoins?
Bitcoin is really big and big means more money to move, harder to make the big swings that we so much love, so we focus our energy, attention, and money on the altcoins, as they can produce bigger gains more profits than any other instrument available for trading all across the world.
Looking at the chart for OTHERS.D, it is pretty easy to see what I mean.
We have increasing volume for the bulls and a reversal signal as soon as EMA100 (in purple) hit.
There can be another small drop to test MA200 and then the altcoins will grow just as we predict...
I am not saying what will happen, just sharing what I see by looking at my screen.
It is the altcoins turn, there are hundreds of charts telling us this... Will you take advantage of this opportunity or will you continue to believe that the cryptocurrency markets will continue dropping forever and there won't be any more profits for those of us who trade and win.
Just writing... You just wait and see.
Regardless of what happens... BITCOIN & CRYPTOCURRENCY, IN THE END, WILL DEFINITELY WIN.
Namaste.
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BTC.D | Bitcoin Peaked? Prices Are Likely To Move Lower
XBTUSD | Bitcoin Will Now Move Down To $7638 At The Least... READ FIRST
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In a previous idea you noticed similarities of present situation and situation around mid Juli 2018. I made the following comparison, combining your two ideas. Would be great to hear what you think about it!
With ya here mate. Most alt/btc charts look like positives moves to come. I think each burst in BTC we have from now on, the whales pick their mark and them dump into alts as BTC retraces. Then once the sheep fomo the alts just bumped up, the whales dump back into BTC and so on the cycle goes. This is happening in the space right now from what I can see. You agree?
I think the tide is turning to bullish with these types of whale movements.
AlanSantana
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@HowToBuyBitcoindotnetdotau, Yes I agree... We are now in a bullish cycle.