Just watching the dominance charts on 'shitcoins'
A large wedge pattern has formed as altcoin dominance repeatedly tests the 5-6% level
This coincides with high in 2016, followed by a cupping action and the massive altcoin explosion in 2017.
Are we retesting the previous resistance as the new support level?
Here we see a huge RSI divergence forming - could this...
In the first ever post coming from BitOwned, I'm going to drop some knowledge. This is something I kept secret for me and some select people that have been chasing with me the next altcoins bull market.
All this until today, when I decided to share the knowledge with you and everyone who would like to join our community and be part of this group.
Its good to look at ALTs and see much further for them to drop.
Looking at the weekly and daily chart, the ALTs have past a critical level and will target the bottom of this channel.
This chart has both ALTs versus BTC (%) Dominance. No words required.
BTC could start losing % marketshare to alts, this may be the area of most pain for alts. If this is so we can expect a sharp reversal soon. Not all alts but big caps first, then mid and small caps last for the most impact. I see BTC marketcap under 50% and close to 40% in the near future, since marketshare has to flow somewhere it will be alts with best and...
- Alts Dominance Holding the Support & Still Inside the Wedge So Breakout Expected in Coming Days.
- If Breaks the Falling Wedge then We Can Expect Mini Bull Season In Coming Days.
- Alts Getting Ready to Bounce Back..
- Buy & HODL Your Strong Alts.
BTC Dominance is Decreasing So It Good Sign For...
- Dominance Turning Bullish After Lower Lows in Weekly Timeframe.
- So Far Making FAlling Channel Pattern (Bullish Pattern)
- First Major Resistance Is Around 6.7% (That Was Strong Suport & Now Acting As A Key Resistance & Channel Breakout Point As Well)
- 9.3% Is the Main Resistance (If We Break it Then Alts Season Will Officially...
This graph represents all altcoins excluding the REI (Bitcoin)
See how fractals present a similar pattern
Will we finally have a session of altcoins? 2017 is so far away. We want it again. We look forward to it. If the pattern is confirmed, soon we will have higher highs. To MARS!