BTC Dominance - Diversification Towards Bitcoin CRYPTOCAP:BTC.D
The following analysis focuses on the topic of the Bitcoin dominance - how it is appropriate to read the information and what it gives to the traders and investors, as well as what forecasts can be done based on analyzing the information of its values over time. The Bitcoin is the...
Over the past week, the crypto market capitalization increased by 30% from 100 to 130 billion. A few days ago there was a maximum daily trading volume of 35 billion. Now we see a clear trend. We are moving in the ascending channel and by the end of the month market capitalization is expected to be in the zone of 140 + billion.
We begin to grow. A lot of good news....
Guys as last chart of BTC % dominance I told you this can hit Resistance level and now hit 71.5% resistance level and rejected.
If We again break upside 72% BTC dominance then next Target will be 80% and More altcoins blood bath.
If Its is rejected then my Next Target 60%-65% and altcoins can grow 50%-70%.
So guys always keep in mind BTC dominance also.
Both seem to tell a completely different story at this time.
Without Bitcoin, we are now trending well below the EMAs which acted as support since the beginning of the year and we are now heading down.
With Bitcoin, we seem to be on support on top of the base channel, forming a structure which evokes a wave 4.
Hence the uncertainty in this market at this moment.
This market cap chart has helped me immensely these past few years, so I hope you enjoy this 2019 forecast on the weekly time frame.
Just a few things i want to point out on the chart, that are making me extremely bullish about the prospects of another $250 billion entering this market:
1. The bottom is in - this is signaled by the 200 week MA in...
The #Bitcoin Market Cap dominance index still showing the room for the upside. The target zone is seen at the zone marked as the orange rectangle. Only when this zone is hit, the crypto traders can expect a larger corrective move on #BTCUSD and related pairs.
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
With troubles facing Tether, traders will likely put their money in BTC (refuge) and maybe sell their alt coins which will put more pressure on Bitcoin price and make it go up even more. Basically I see BTC market cap share reaching 72% and becoming a refuge against alt coins (not doing well lately against btc).
My recent BTC trading ideas...
Hello Ladies and Gentlemen!
I will explain you WHY, we most likely will enter a BULL MARKET soon (within 3 months). Many things are pointing in that direction.
1. The Market Sentiment is trending bullish.
-Increasing Global Market Cap
-Dropping BTC-Dominance (Other currencies are conquering more land, which historical seen is a leading indicator)
I would like to talk today about one graph that is usually ignored by most of the traders, but which gives the best signals overall for general direction of the market.
As we can see on the total crypto market cap, the price went down exactly at the same resistance as the last time, forming a pattern of ascending triangle which would be...
As I indicated in the chart, Bitcoin will make a decision between up to 8k or down to 7k.
The green trend line and the black trend line are supporting the uptrend. If these are broken, the price will go down fast and devastating. If it is not, the market will continue climbing until 7.9k.
Stop loss: 7525$
Everyone has been patiently waiting for what was to always come. Here I will explain the inevitable position of BTC. Where is the bounce is the biggest question clearly there are a lot of people waiting for an entry on a short position, you need to know this.
Currently the market cap is down to $290 Billion dollars, just 1 week ago when I posted we were at $350...