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Bitcoindominance

Bitcoin Dominance TA Update (End of Alt-Season?)Bitcoin Dominance BTC Dominance followed my downward target zone but right after it reaches a key support area. The price quickly shoots up piercing key resistances like a hot knife through butter. A price gap is also filled in the mid 69.50 regions but that didn't stop BTC Dominance from sky-rocket above it came from. This market condition is hurting most if not all BTC Alt-coin pairings today. Please trade with a stop-loss just below key support because once these areas are broken, further downside is likely the scenario. We will have to wait and see when BTC Dominance cools down before entering any trade against Bitcoin.
CRYPTOCAP:BTC.DLong
by PolarHusk
Bitcoin Dominance - Anyday Now we'll freefallAnother BTC.D update, as we all know Bitcoin topped out earlier this year at $14,000 as well as the dominance after a 2-year bull run at 73% to the T. The monthly level marked in white at 70.21% is the exact point at where the 2017 altcoin season started. It's not a coincidence that we keep trying to touch the 70.21% level. Traders know that we can't break back above and the move is failing out, it's like the projectile motion of a golf ball. Sure you hit your drive 260, but at around 200 or so yards the ball starts to lose steam. That's exactly what's happening with the BTC.D . Anyday now it's just going to freefall just like it did in 2017. Every altcoin chart looks the exact same right now, all are popping out of accumulation, or already have with 60%+ moves. Anyday now.. watch. Then after the altcoin season when BTC.D falls and matches all-time-lows, Bitcoin will go crazy in price because everyone will cash out their no use case altcoins for the limited supply coin, Bitcoin. As always please do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.DLong
by kyer
2
BTC Dominance TA Update (Short Term Pullback?)BTC Dominance Bitcoin Dominance loses the 4-hour uptrend and now it is due for a Daily Higher Low to form between 0.5 - 0.618 Fib support level. During its short term down-trend, BTC pairing Alt-coins will have an opportunity to gain back those loses from previous dumps. This is where some Alt-coins will start pumping up to 60% move on a single candle. But still, be cautious as this market is still unpredictable, use the proper risk management and ensure your stop-loss is placed accordingly.
CRYPTOCAP:BTC.DShort
by PolarHusk
Bitcoin Dominance TA Update (More Upsidel?)Bitcoin Dominance Bitcoin dominance is slowly approaching important key resistance or 0.618 Fib level. RSI is extremely on the overbought condition for the past 7 days. When a coin reaches an area of confluence and the RSI is at extreme levels. There are higher chances of reversal to reload for another leg up. Currently, there is no sign yet of reversal but expect it to happen within a few days. Bitcoin pair Alt-coins are hurt during bullish action of BTC dominance but when a reversal happens, that is where they will outperform bitcoin again. Be cautious trading Alt-coins today, use proper stop-loss strategy and risk management.
CRYPTOCAP:BTC.DLong
by PolarHusk
Bitcoin bottomed or pospoted between Jan-May halvingWe're either at the bottom already or we're completing the Wave Z correction. I measured using Fibonacci Ratios as well as the subwaves. It's confluent with the January timeline. Remember BTC pumped January of 2019 and likely to pump again on January 2020 which is inline with the January effect on securities (investors/traders withdraw for the holidays on December then deposit and invest back at January where business is back and holidays are over -January effect). For the timeline now I see it pumping anytime within the 1st quarter of 2020 or early 2nd quarter which is also the May halving.
COINBASE:BTCUSD
by Limitless-Investor
BTC Dominance TA Update (Temporary Top?)BTC Dominance Bitcoin dominance broke bullish of this pattern but not currently setting up a temporary top as the price reaches immediate resistance between 0.5 - 0.618 Fib. RSI also went extreme overbought condition, BTC dominance will have to seat back for the meantime to cool everything and retest the old resistance turning into new support. During its cooldown, I expect BTC pairing Altcoins will have a short-term breather during bearish actions.
CRYPTOCAP:BTC.DShort
by PolarHusk