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Altcoinsvsbtc

Altcoin Season is About to Start!Hi there! PrimeXBT is on the air and we are going to analyze Bitcoin’s dominance over the crypto markets. BTC’s dominance broke through its eight-month-long Wave C support line of the Elliott ABC corrective waves. Currently, it’s hitting strong resistance that’s coming from the downward trend-line. The projected downwards phase will last until February of 2020, with a peak bottom in January of 2020. However, BTC’s RSI currently has a strong bullish divergence that could lead to a continuance of an uptrend after we reach our first near-term target. Target zone: 63% BTC Dominance: 68.37% Market Cap: $197 108 909 995 24h Vol: $58 157 606 098 Be careful though, don't forget about capital & risk management. We only offer you the most important posts each day. Stay tuned for more infographics, analytics, reviews, summaries, and more!
CRYPTOCAP:BTC.DShort
by PrimeXBT
3
Bitcoin Dominance (BTC.D) is playing with our feelingsBTC.D peaked around 73 on September 5th, 2019. After that, we saw a consistent decline to 67.5. Some money flowed into the alts during this time frame with BAT and LINK (both amazing projects, check them out if you haven't) being couple of the top gainers. However, on November 27th, 2019 we broke above the 50 SMA AND on December 6th, 2019 BTC.D broke above the downward trend line and it's barely holding above it. It's hard to say what will happen at this point because I feel that the second rally of the cycle will happen relatively soon, and when that happens money will flow into BTC delaying even more an altseason. The closer we get to 66.5, the more optimistic I will be on putting money on alts. Don't hope the market does what you wish for - PAY ATTENTION to what the market is doing AND FOLLOW!
CRYPTOCAP:BTC.D
by crypto_cisco
NULS/BTC mid/long term TA & Fundamentals NULS/BTC If a `TA - guy` from traditional markets looks at this chart he might say : shitcoin. But I like to look at the fundamentals too. So, my chart tells me that NULS/BTC bottomed out and there will be a break out between now and january. NULS/BTC is down 93% from it´s ATH NULS is one of the top rated cryptos in china. (4th place) it´s a 3.0 coin with a great team You can stake NULS easily to earn more NULS by just holding it. ( min. 2000NULS) if you stake 2000 NULS you get 0,61 NULS every day. NULS staking calculator : nuls.world Since a few weeks they have a working product : NULS Chain Factory everyone is able to build their own blockchain instandly. That might be the next "go daddy" for building blockchains. °°(my longer term chart tells me that there is a 20 X possible for NULS/BTC ) °° *no financial advise have a nice weekend
Long
by Daikokus
DNT/BTC LONG - 106 satsHey everyone! A lot of altcoin setups developing vs BTC at the moment. I'll ignore the highlighted blue section because it looks extremely emotional. At the same time, it enabled the price to consolidate and we are ready for take-off! Nice balance, POC matching the midline and compliant with Fibonacci. And the cherry on top? It was spotted by a community member! Yes, if you know what to look for, you can do it as well. In case you want to become part of the community reach out to me on Twitter or on Discord. Take care, Vlad the Crypto Trader
DLong
by Be_Independent_Tribe
Altcoin Market Bracing for Major Move - Bull Pennant?The Altcoin market has been beaten down for months, a minor relief rally at the start of 2019 has been followed by a slow grind lower for all but a select few names. Undoubtedly the Altcoin market is poised for a major move, the direction is unclear, but the compression in this market is undeniable. Big Picture: Left Chart - Currently sitting at the 50 period Monthly EMA, this area acted as support during the initial bubble burst of 2018, it may act as support again, however if it fails, then it sets the Altcoins up for a major fall. - Currently in what appears to be a bull pennant (trend continuation pattern), this pattern is likely to resolve soon, likely within no more than 2 to 3 months. Compression: Top Right and Bottom Right Charts - The top chart shows the weekly timeframe and highlights the current bullish divergence between the momentum indicator and the price action, this does lend SOME strength to the bullish argument. - The bottom chart looks at the 3 day timeframe, the highlighted regions depict the prior instances of market compression and the resulting moves, this also highlights the need for caution, as these periods of compression can break in EITHER direction. The fundamental supply and demand dynamic of the halvening, inflows of institutional money and the current extremely beaten down Altcoin market would tilt the scales in favor of the bulls, however, should this pennant break to the downside, which i would classify as a decisive close below the lower trend line AND 2 closes below the 50 period monthly EMA, then the downside could be quite dramatic.
CRYPTOCAP:TOTAL2
by Profit_Link
DLTBTC LONG - 770 satsHey everyone! As explained yesterday, we were waiting for our 3H/3L count to show up on the chart and it did so overnight. The balance in this setup is magnificent and so is the fact that the Volume Profile confluences with our entry channel. Risk-Reward-Ratio a bit high than ideal and volume traded is quite low (20BTC) so it needs to catch up with how good this looks. Putting 1R on the table myself, just looks too tasty to pass. Take care, Vlad The Crypto Trader
DLong
by Be_Independent_Tribe
ALTCOIN TRADING CHEAT SHEET - BTC.DOM CORRELATION TO BTC PRICEZooming out on the weekly chart, with both BTC/USD and BTC Dominance side by side, you can see TWO obvious trends. Jan 1, 2018 - Apr 1, 2019 : Inverse Correlation BTC FALLS, Dom Rises = BTC dumps, Alts dump harder (short alts) BTC RISES, Dom Falls = BTC pumps, Alts pump harder (long alts) - Jan 1, 2018 - BTC falls. Dom rises - April 2, 2018 - BTC rises, Dom falls - May 7, 2018 - BTC falls, Dom rises Apr 1, 2019 - now : Direct Correlation BTC RISES, Dom Rises = BTC pumps harder than Alts (short alts) BTC FALLS, Dom Falls = BTC dumps harder than Alts (long alts) - Apr 1, 2019 - BTC rises, Dom rises - Jun 10, 2019 - BTC rises, Dom rises - Sept 9, 2019 - BTC falls, Dom falls - Oct 28, 2019 - BTC falls, Dom falls Currently, When the BTC Dominance Falls, ALT/BTC pairings rise in value. vice versa When BTC Dominance rises, ALT/BTC pairings fall. If BTC continues a downtrend. I believe we will see Alts continue an uptrend... as long as the current direct correlation trend between BTC/USD and BTC.Dom continues. A lot to wrap your head around when trading Alts. But I believe zooming out on the weekly and comparing side by side will simplify things a bit. This is not financial advice. These are just my own ideas. Do your own research. I am not responsible for your trades. - Crypto Rolly "The crypto watch that never stops"
by CryptoRolly