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...
Bearish Continuation Dominance has been confirmed which means that ALTS will move up against BTC however at the same time BTC is showing strength at these levels and we may not see the dump to 7300 manifest secondary to alot of hype that is being pumped everywhere. Ive also seen alot of crazy price action which suggests that there might be some whales either...
NiceAlts bounce last night. There are some great shorting opportunities in the altbtc market at this time. Im gonna take a look around and see which one is the most shortable.
Good Luck Gents,
I hate to go back and forth on these ethings but it looks like there is some weakness manifesting itself in the dominance chart. Its might be time to start looking for some long opportunities in ALTS. A good one I have been looking at for several weeks now is MONERO and ZCASH. I better go over there and take a look. No long alt trades until I see a good set up....
The more I look at how slow this dump was the more I am beginning to think that we may actually see 80%. This is only a posibility IF there is no SHARP dump soon and QUICK. Which is unlikely because the 4hr and dailey charts are already over extended and are starting to hit slightly below strong areas of confluence. I speculate that the dump below the 535EMA may...
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...
We can see up trend
Last two month we moving in up trend channel, we already touched resistance line of this channel and now forming symmetrical triangle. Altcoins start moving and BTC dominance can go to first support line. After that we will observe whether we break the support line or not. But we must always remember the blue magnetic support line. Even if we...
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
Bitcoin dominance reached its highs since December 2018. In the zone of 60%.
And bitcoin once again proved who the father is in the house.
I believe that the increase in Bitcoin domination is due to the fact that the new money that enters the market is invested in cryptocurrency number 1 - Bitcoin.
Bitcoin value really has in contrast to 95% of other...
Might be a huge clue with certain events happening and XRP swell to name one that this could bring the dominance down with further interest in the hype of the conferences. Biggest problem YTD so far has been the dominance of BTC making it super hard for any trading.
But with the bearish trend setting up now we could see more green in the altcoins
Seeing a, yet to be confirmed, 3Day bearish crossover on the BP&SP indicator, and nearly negative momentum for BTC dominance. Possible bull case for alts if dominance lingers here or keeps decreasing. Expecting a turn in BTC price as previously mentioned on or around the date of OCT 27, according to the descending triangle...
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.