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Altcoinsvsbtc

Thoughs on $BTC and total crypto marketWhat a run the last couple of month's, who followed me on here knows i've not been sharing any analyses for a long time. that's because I didn't feel the need to do it, we we're in full bull run and I was enjoying my gains. buy since 3 weeks I was cautious in the market and it was justified. Bitcoin had been flirting with the daily 50 MA for a while and so in the 55-58k range I sold a large part of my portfolio because I didn't trust it anymore. what turns out I was right on top and a 50% correction happened not even a few weeks after that. Are we still in a bull market? I think technical analyses can't say much at the moment, the market is so volatile. Personally I think we are still in a bull market as the market sentiment is positive and the 'hype' of crypto is still going on. Market manipulation? Yes, the markets are heavily manipulated right now. never before have so many leverage traders been shorting causing us to get an unseen dip on multiple altcoins pairs. This is in my opinion very dangerous and can cause violent influence on the market as we see in the last few days. also, this can cause a kind of catapult effect that the market can recover in a few days/weeks as well. When in doubt, zoom out on the charts and look at the road we've made! Guys, let me know what you think will happen in the future with crypto, i'm very curious to know your opinion and maybe have a discussion about it.
Long
by TheTradingTraveller
4
Bitcoin Dominance Altcoins More Blood bath coming...? #BITCOIN Dominance Update:- Bitcoin Dominance currently 45% As I suggested you if Dominance hit 39-40% then best time to exit from Altcoins. Hope you happy who followed Dominance Update. Now almost 50% down all Altcoins after bounced back from 40% dominance level. Now..? Now 46% is resistance level of BTC dominance. If breakout upward then we can see more blood bath in Altcoins. But if Rejected from 46% level then we can see some uptrend in Altcoins. Below 46% recovery possible. I already warned you about this scenarios. Keep an eye on levels:- Support:- 40% / 35% Resistance:- 46% / 50% / 52% / 60% Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
CRYPTOCAP:BTC.DLong
by CryptoPatel
22
🚀The Big ShiftBitcoin's recent weakness is proving the opportunity to other cryptocurrencies to shine, offering investors and traders interesting volatility to exploit. The red line on the chart shows how Bitcoin's dominance is rapidly falling, meaning that new capital flows into Altcoins. Every trader has to keep these dynamics clear in mind when assessing what the most appropriate investment strategy to run is. Despite Bitcoin pausing from its exponential uptrend, the fact that the rest of the market is still witnessing solid strength is a strong validation that the macro picture is positive and the Bull Market is still in place. In the past months, those following our market updates can now recognize the value of Bitcoin's dominance as a valuable metric to gauge the evolving stages of this Bull cycle. If you feel like you missed out on buying Bitcoin at lower prices, Altcoins can give you a second chance. Profiting from Alts and selling to Bitcoin in the following weeks will likely be a unique opportunity to accumulate more BTC before the next leg up. This week the rumor of Facebook adding Bitcoin to its treasure reserves unfolded as just pure speculation. But it may be just a matter of time when the next large corporation announces to have entered the crypto space. And with a Bitcoin supply that keeps shrinking on the exchanges, the price direction can only be on the upside.
by Coinrule
1