Hello my friends. It's Crypto Ranger K.
I cannot post until day after tomorrow. So I leave an analysis article at dawn.
I don't think BTC dominance will rise for quite a while. The above chart is a 3 week BTC Dominance chart. If you look at the MACD histogram first, you can see that it forms two arches, both falling and rising. Especially during the period when...
Its gonna get ugly for BTC and its Dominance here REALLY soon. Im not certain how far it will go but it will take a fat dump over the next couple hours and day... day and a half perhaps.
So looks to me like dominance is switching just as btc has been hanging above the 4hr 20ma and relatively close to the resistance trendline. As this 48hr "Altseason" comes to a close, it sure was fun while it lasted...lol
Anyhow, currently I am bearish altcoins and bullish btc. If this is a real trend that will continue with a btc bull break, alts are going to...
Bearish candlesticks pattern but still RSI not confirmed its already had negative divergence with Index but still not confirm bearish signal its need to touch the blue line and drop sharply .. we can see stochastic almost overbought too
No Bad News is Good News, For Now
With the Fed in the rear view mirror(?), the trade dispute rhetoric appearing to be cooling off (could change with one tweet, though), and the geopolitical headlines not portending the sky falling off...markets are sporting a buoyant bias this morning.
In the absence of major macro drivers and in the light of the weekly option...
Even though market sold off during yesterday afternoon, based on price action of last couple of hours it seemed more like accumulation.
If Bulls can defend yesterdays low, we might see a rally.
Need to keep and eye on Fibonacci extensions today.
Level to watch 3005-3007.
We still see the Dax moving higher after the ECB despite not all the governors agreeing that moving forward with more QE is the solution to the Eurozone's economic struggles. This is due to reduced tensions in the US/China trade war and the dovishness of global central banks with even the FED on Wednesday indicating it will re-introduce QE. Therefore we maintain...
Are we at the end of the dominance run? Will we see some success from the alt-coins in the altcoin market?
Very early days yet but signs, as it stands to look like dominance, will come down but this still has to show more dropping.