One of the most common questions I get when it comes to altcoins is, "should I trade or should i just buy and hold?"
For most people, buying and holding (or hodling) is often times the best answer.
It's less time intensive and you don't have to think about it too much.
The problem (and often asked question) is, "when should I start buying?"
For that, I would...
Rising wedge BTC dominance. - Mini ALTSEASON upcoming?
Right now BTC dominance is breaking the 68% region. If the breakout continues i think we can see some jumps in the Alt list.
Maybe for a short time. But we all know like ripple can do a lot in a short time. Maybe 50-100%.
BTC.D needs to hold the lower white line to...
I know this might be short-lived but it is nice seeing some alt-coins move up with the BTC dominance coming down. It is long overdue and this could spark some nice Q4 interest in the alt-coin market with some good developments in the air.
We can see that BTC. D is dropping, and will continue to drop till it hits resistance around 67%, a trend reversal around these zones is possible. We can use this to influence our bias for BTC , Bitcoin will continue to drop until its dominance regains upward momentum. The Bearish momentum doesn't look like its stopping soon, the alligator MAs are spreading out...
After a bearish retest of 69.45%, Bitcoin Dominance is ready for another break-down into 65.5-66.6% zone
the break-down will accelerate once we go below EMA100 of the dominance
Majors are generally Bullish, XRP & BNB are leading
ETH still stuck, while LTC and others start showing some strength
our eyes are on
DOGE, XRP , RVN, MATIC , HOT, ONE RDN, XLM , MTL
It is time for the Altcoins markets to grow...
TOTAL2 Chart Signals
Break above EMA50.
Market cycle favors altcoins growth.
Bullish RSI and MACD.
Below is an excerpt from my latest Bitcoin & Altcoins Market Update...
Thanks a lot for the support!
Altcoins Market Update
Yikes! The altcoins are already paying and paying big... The...
Most are now are all in Bitcoin, especially considering BTC.D growth. This is market panic, which does result in a lot of money being moved from alts to Bitcoin.
But this is exactly when smart money goes in. The market pshycology tells me, that this is perfect time for BTC.D to start reversing. Nevertheless, the it could be too early for the Alt Season to start....
Bitcoin $15k by CHRISTMAS?
Bitcoin has a lot of action behind her. April 1 the cycle gets a boost.
Now we need to cooldown. We cannot go directly to 20k.
I think till the begin of december that we have a consolidation. After that we can see a great upwards movement.
ALTS are getting momentum soon? If #BTC.d drops below 64% i think it will be a other scenario....
The BTC Dominance (BTC.D) chart is looking bullish now after breaking above EMA10.
We can see that Bitcoin is trying to move higher on a bounce, so it is easy to see why this chart is also bullish.
The TOP altcoins (ETH, ADA, BCH, LTC, etc.) are looking bearish against Bitcoin, but the remain altcoins (the alts/smaller cap.) are looking bullish vs Bitcoin... So...
Look's like Alt-Season after all. Well, let's not get ahead of ourselves but let us be realistic. And if we can being realistic is the best thing we can do. BTC dominance coming down is good for the alt-coins to bring back some of those satoshi's and some great trading opportunities.