BTC dominance has fallen a little. Some value has been transfered to certain altcoins. The 21 ema played a support role very nicely but could easily fall on the next try as MACD has intentions of going down. Anywhere between 56-58% should be another support. If this falls,it could mean that the altseason is here.
Hello, here is what we expect to happen in relation to the BTC Dominance. This isn't financial advice, it is just our theory.
Hello, here is what we expect to happen in relation to the BTC Dominance. This isn't financial advice, it is just our theory.
from April 06 into May 12, from 53 % into 63 % is the top for BTC dominance After testing the 63% resistance it get rejected pretty bad. MACD looks like it start to weaker and parabolic sar is already give a one red dot above the price. which trend already start to shifting. though it's not so clear for me until the candle close more lower than previous candle....
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...
Bitcoin's market dominance has clearly been in a downtrend for the past few years, looks like that trend is likely to continue unless we see major developments followed by a blast through the previous cyclical high
10 days ago we saw consolidation around 55% levels and resistance has broken with huge volume. Currentley It seems to be double top and I am just waiting for the confirmation. We can see a nice altseason from today.
The bull is back in town with big daddy BTC swinging its dominance to a high of 63. The next opportunity and $$$$ is in alts with signs of price exhaustion in BTC and a down tick in dominance, after all a massive run from 4k to 8k since the start of April can't last forever, we can see this already with a divergence as crypto total market cap increases while...
if Bitcoin dominance begins to drop we may see some money flow into the alts. Once btc finds its consolidation area, dominance should decrease and "alt season" should begin. It's looking like it may be slowing down here. Bearish engulfing candle and bearish rsi divergence. Let's see what she does.
Btc dominance should now dump to 58% that cause some dump to btc. And after that we will see alt_coin explosion
Heve you ever thought about watching BTC dominance to know when to hold Bitcoin and when to trade altcoins ? BTC with strong bearish indications and divergences on the other side altcoins juiced up, undersold with bullish divergences. Uhmmm ? What will come next
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.
This channel has been pretty telling of the bitcoin market dominance. Get your alts ready.