With Bitcoin Dominance on the rise, it rose 1% in the last 12 hours alone after the break of the triangle - alts will continue to bleed. It's a weird case where you can see your usdt increase as your btc decreases. If btc continues to pump, alts will bleen. If btc dumps, alts will bleed. Only when btc finds resistance and finds support at a higher low and goes...
CRYPTOCAP:BTC.D As usual, after a pump of BTC it gets stronger and everyone wants to buy it. The demand leads to a sell off on altcoin market, resulting in a 3 to 5 times decreasing rate of most altcoins in comparision to the increasing rate of BTC. After BTC is cooled off, capital will flow to altcoins because of their attractive profit, causing altcoin...
Something we have not seen since May 2017 the first Alt season I remember, I think Btc Dominance is going to go down Rapidly in the following 2 weeks. This is based on what I think the direction will be. Have fun.
Hi everyone. Btc Dominance is in the big triangle pattern. But the dominance breaks the big pattern. What does it mean? It means btc will increase and altcoins will lose their value. Be careful!
BTC will stop on 58.20 - 59.92% dominance, the estimate is 59.15% After that all Alts will rally.
Confirmation: 55.53 Invalidation: 52.87 Type of Trade: Cyclical Pattern: Bullish Flag How to interpret this data? For longs: Altcoins (i.e., ethereum, litecoin, bitcoin cash, etc.) likely to underperform Bitcoin. Altcoin traders are likely to convert holdings to Bitcoin. For shorts: Altcoins shorts likely to outperform Bitcoin shorts.
Yellow fibs = candle bases from current trend White/Orange fibs = candle wicks from current trend. 24th April Midnight may be an interesting time. Trend decline vs Trend Incline + Ichi cloud twist.
$BTC dominance will go down from here. In my opinion alts will recover and have some nice upwards movements the coming week. If we can break downwards, alt season will start. Keep in mind, we are not a registered broker, analyst, investment advisor or anything like that. Everything that we provide is purely for guidance, informational and educational purposes....
Watch to see how we react at support. It will help your decision making. A drop below support opens up some great alt entry possibilities.
Hi Guys! Do you know what falling dominance of BTC means? Yes, you are right. The more bullish the market is the smaller dominance of BTC is. It happens when the market is positive about the future and people invest in other projects than BTC. It means they are not afraid anymore and put their money somewhere else than the safest crypto so far BTC . As...
BTC has 10 or 30% upside. That would mean Alt either goes up 3% or 23%, or if btc dominance goes down alts could do 15% or 40%. Altcoin chart suggest 15% tp be most likely and BTC 10%, in other words, BTC dom should go down by 5-7%
Critical decision time for BTC Dominance. Got to consider both scenarios before confirmation of break out.
So, here is how I see a potential fall of BTC dominance. Right now it would make perfect sense - before BTC halving (which is next year) it would be perfect time for ALTS to shine.
BTC dominance macro-view: Now we will close BELOW monthly MA resistance which is an incredibly bearish sign for bitcoin dominance and also we will close below the MAIN support line which now will switch it to be a strong strong strong resistance MACD (momentum) still going down and hope to switch to the bearside to have a beauty altcoin season Bear cross at...