I'm an ALTCOIN holder so I'm biased towards an ALT season.
Unfortunately, it does look like the BTC dominance will be breaking out of that downtrend starting early 2021.
How high could it go?
Yes, usually BTC goes up first, follow by ETH, Big caps and then smaller alts.
Let's see if it happens like that again.
From marketcap perspective i think we can bet on 45% drop from current bitcoin price currently at 30k,
it will bring bitcoin to 13.5k buy zone.
Alts will get to march 2020 prices.
I will look at projects with good fundamentals like chainlink $link, because it didn't perform well and in case it will run like in 2020.
I keep an eye on xrp, ethereum, dot and fantom...
When you stop listening to stupid and ignorant people and learn to do data analysis, you will stop losing money.
CRYPTOCAP:BTC
Cite: We have never understood why everyone operates crypto assets in currencies that devalue: ($USD: 60%, $EUR: 30%), if their currencies have already lost all value (Check M1 / M2 , PPI, not just CPI ).
The chart shows the Bitcoin dominance vs coins excluding top 10, so only smaller alts.
We are hitting a multi year resistance! It will break down and altcoins will thrive!
Bitcoin dominance will reach 30% at the market top.
Bitcoin is now in a big channel for nearly 9 years and price is in a Rectangle and in the 4th wave if bitcoin create pivot in its low and pumps to 69k and break it there will big possibility that after a pump to 80k or maybe 90k or 100k but I don't think its gonna reach it because big guys sell their coins before price reaches the resistance and it can dump's very...
So as said in earlier published idea. BTC does consolidation in the support area as I said, now forming a pattern in lower timeframes. This is the best time to get into crypto for long term BTC is gonna bounce from here and the BTC mining rate halving is really close. The RSI shows a historic support area, also the pattern forming in weekly charts is pretty...
BTC More TimeSeries Analysis, less fallacies and less American propaganda.
CRYPTOCAP:BTC
We have never understood why everyone operates crypto assets in currencies that devalue: ($USD: 60%, $EUR: 30%), if their currencies have already lost all value (Check M1 / M2 , PPI, not just CPI).
Bad news for people holding defi coins/tokens.
The markercap of DeFi coins/tokens (TOTALDEFI) is looking weak vs USD and BTC.
Some serious corrections likely on the line as we observe some relevant trendlines being broken.
As I had showed my idea in my earlier publish, BTC DID FOLLOW EXACTLY THE SAME PATTERN but it was so quick and without a small relief bounce. So from here I expect BTC to do some consololidation n touch the support line a few times n then bounce for uptrend till the resistance area. Potentially braking above it after 2 3 test on the resistance. For me I think BTC...
The inventor of the Relative Strength Index (RSI) died this day one year ago.
🕯 RIP 🕯 John Welles Wilder Jr.
RSI is an absolute favorite technical oscillator.
Grateful for his contribution to this space. 🙏
en.wikipedia.org
en.wikipedia.org
Recognizing the Local top was easy
What's next is setting up
We have BTC conference in April witch is my opinion is utter influencer dog shit
Fun to Meet with internet friends or to network
But what to take into account here
is that ASIA is sharp they take Markets and jobs seriously
This might be more of a liquidity Flush even similar to last year
Not...
For the Ukraine, sentiment towards Bitcoin (BTC) and the broader crypto market has been more favorable. Back in September of last year, the government had introduced a crypto bill only for the Ukrainian President Volodymyr Zelensky to veto it shortly afterwards.
The Bill, legalizing and regulating Bitcoin, only had 6 votes against and 276 votes in favor....
