The sentiment in the crypto market is that many altcoins are dying and liquidity is flowing into bitcoin. Now is a great time to switch from bitcoin to altcoins. The bitcoin dominance chart is facing great resistance. At 5 moments in the graph, this level was held as support or resistance. The trend line of a rising bitcoin dominance is common in a bear market....
Bitcoin price dropped further down this week, not unlike the dominance. In the last 7 days, BTC dropped by another 4.16%, which brought its price to $9.500 at the time of writing.
The dominance itself sits at 66.2%, which is how much of the total market cap belongs to the coin. However, this is still 5% — or 3 basis points — lower than two weeks ago. Meanwhile,...
Broke out of decending channel and now in a rising channel. Has bearish divs on the 1H, might publlback to retest old channel. Looks bad for Alts until the end of the month, unless BTC.d drops out of the channel somehow.
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...
Why does Bitcoin grow and other altcoins not? Why don't small altcoins grow against Bitcoin despite the growth of Bitcoin? Find out more in today's analysis.
Today we analyze the dominance of Bitcoin, which is absolutely key for traders. What is it actually telling us? Currently, Bitcoin dominance is at 61.71%, which means that up to 61.71% of all...
BTC dominance break out from the support zone. One more resistance(descending trendline) to break before the real BTC season starts.
The BTC.D will keep moving until 80% (The colored rectangel) have been reached, after that comes the ALT season.
All the technical patterns say about possible Bullrun!
1. The price broke the downward channel;
2. A huge accumulation under the local resistance;
3. Lows are higher than previous ones.
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There is a strong confluence of a yearly trend line and a yearly support level that will most likely behave as resistance now.
I expect an aggressive BTC Dominance push that might reach >= 66% with alts bleeding hard and shaking out weak hands, followed by an extreme rejection and reversal in BTD.D.
A repeat of the 2017 Alts season, the dollar index once again strongly correlates with bitcoin dominance. Since DXY is set to plummet, it is expected that BTC.d will fall as well to at least %50. Bitcoin dominance falling translates into Alts mooning.