BTC Dominance Can Move Higher | Altcoins Can Grow As WellThe BTC Dominance (BTC.D) chart is looking bullish now after breaking above EMA10.
We can see that Bitcoin is trying to move higher on a bounce, so it is easy to see why this chart is also bullish.
The TOP altcoins (ETH, ADA, BCH, LTC, etc.) are looking bearish against Bitcoin, but the remain altcoins (the alts/smaller cap.) are looking bullish vs Bitcoin... So we are likely to see Bitcoin and the Altcoins growing at the same time.
Thanks a lot for reading.
Namaste.
Bitcoindominance
BITCOIN Dominance 70% | When Altseason, sir?#BitcoinDominance is currently 70% of total crypto market cap.
#Bitcoin aka #DigitalGold is preferred over its alternative cryptocurrencies & digital asset (aka #ALTS)
For those who were in crypto during 2017, you will remember the amazing run for many many ALTS.
In early 2017 BTC dominance was still +90% of market cap.
In Q2 2017 BTC dominance dropped to 62% in favor of 'high cap' alts (notably Ethereum $ETH)
In Q3 2017 BTC dominance dropped further to 50% in favor of 'mid cap' alts (ex: Litecoin, Stellar, Tron, Btrash)
In Q4 2017 BTC dominance dropped sharply down to 32% in favor every other alt (Ripple, EOS, Cardano, Dash and lots of s**tcoins!)
Will 2017 Altseason repeat itself in a similar fashion?
Hard to say. That time even the worst s**tcoins were pumping.
This time investors will be smarter about their BTC SATS. Only the best ALTS will pump massively.
IMO - Don't expect ALTSEASON in 2019 but you never know with Bitcoin & crypto! ;-D
Some suggestions:
• Have a plan, choose your alts wisely and be ready when the time comes
• Use your BTC/SATS wisely, do your own research
• Diversify...But not too much!
• Scale-in, don't go into alts all at once
• Bitcoin, NOT s**tcoins (which means Bitcoin is king, don't waste your SATS on a $1M unpopular s**tcoin unless you really really really believe in it)
Some key levels to look out for?
• Purple (75% or 3/4)
• Green (66% or 2/3)
Stay tuned for updates! $BTC
BTC Dominance today analysis, 190928. Needs another peak to fallHello, my friends. It's Cryptoranger K.
Do you remember the last bitcoin dominance analysis I posted? I said in that article that Bitcoin Dominance has already begun to fall. Of course I still stick to that opinion. But I think that a noticeable downside should wait a bit longer. The chart I showed you at the time was a three week chart. At that time, I expressed the MACD histogram with two arches as the beginning of the decline. But Stochastic and MACD didn't make the Golden Cross. I think the following three conditions are necessary for Bitcoin Dominance to show a full-scale decline.
1) A 3-week stochastic must make a Golden Cross.
2) Make 3-week MACD Golden Cross.
3) A 1-week candle will need to form two peaks over the next few weeks.
Another Wave for ALTsBitcoin Dominance is about to start yet another wave down. This time it should reach 67.66% level which would provide further clues on the BTC.D direction. Break below would confirm a strong downtrend, while rejection of this level should lead to a consolidational period. Get more Alts while its not too late.
Altcoin Season Ends Before the End of the YearBitcoin dominance is falling rapidly, which shows growing interest in Altcoins, especially top Altcoins which have enabled Margin Trading.
From what it seems, the alt season has already started, but it might not last that long. According to my analisis BTC.D will continue to move down, towards 60% dominance till the end of this year.
Then BTC might take the lead once again.... BUT, if the support will be broken, this will be indication of a growing interest in blockchain overall, and BTC.D might go down to 30-40%. This would be a true paradice for TOP Alts.
Bitcoin dominance retracing, Alts time to PartyBitcoin dominance retracing as it tested multiple times the upper trendline of the ascending channel in the 2D chart
This movement is fueling movements in the Alts Market and I think it wont stop at least till hitting the lower trendline, giving time "AltSeason"
Enjoy it.
Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming?Is this the start of another alt season? Altcoin dominance needs to close above the 200 Week MA at 30.65%. Despite the downward trend of the 20, 50 and 100, the 200 remains in a bullish posture trending upwards. Is Bitcoin going to sell off and profits go towards altcoins finally? MACD is looking to bull cross soon, the RSI is leaving oversold territory after three months of being oversold, monthly RSI has been finding support at 40.
The altcoin market has otherwise found support from the 200 Week MA in recent weeks :-)
BTC Dominance today analysis, 190917. ALT rise, BTC fall.BTC Dominance seems to have already been drawn down. All other Altcoins, on the other hand, are considered early in the bull market.
The question is whether it's a sharp drop, a slow curve, or a sideways, and I'm trying to respond differently to the picture being drawn.
The atmosphere of Altcoin market is good. I wish you all a success. I'm a suspicious person so I'll keep an eye on the market.