If you invert the BTC.D chart, it looks like a pretty clear bottom structure. We could see a short term increase in BTC dominance, but overall it seems pretty clear that BTC dominance is has or is currently topping out.
Today is February 22nd 2020 8:10 PST
Goodmorning Royal Traders, Today we have an Analysis on the BTC Dominance Chart
Over the last 4-6 Days, we have seen Dominance Increase and Alts decreasing in Satoshi value thus decreasing USD, this is a nice healthy pullback and is normal for a continuation on an uptrend
-Rising Wedge Formation
Looking for BTC.D to put in a new low around 62-60 the wick down to around 62 may already be the long. To many people are talking about how great alt coins are. I don't disagree that alt coins have a great future though I am looking for the market to loose some hope. Looks like next leg up will be led by Bitcoin then followed by altcoins. Allowing time and...
I see on the chart soon we will have the intersection of MA50 and MA200 and this is called - Death cross
The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used...
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...
Good afternoon colleagues! I look forward to continuing the altseason and working out my goals with altcoins. The latest corrective movement in the market frightened many coin holders and forced them to sell. Therefore, it will now be easier to go up, as all who believe in the completion of growth will jump along the path so as not to lose profits.
I know everyone or at least majority of people are bullish on BTC.D and call for alts death
(1st sign of reversal because markets likes to do the opposite of what most retailers expect)
I feel like Bitcoin Dominance days will be over soon, at least for now.
With some major alts slowly weaking up from hibernation
1) Finished five wave...
Got that warm feeling inside yet? Holding altcoins and they are going up in value?
It's a nice feeling, right? Feels good to know that direction is affected by how the market is doing.
One main element of this is knowing that Bitcoin dominance is coming down.