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Bitcoindominance

Buy Altcoinsbitcoin dominance finally completed 5 wave up. Rsi broke its trend line and wave five of primary degree ended at 78.6% size wave 1 to the end of wave 3 and it is almost equal to wave 3 size. bitcoin dominance is a great indicator for altcoins. regardless of what bitcoin will do altcoins will go up, it may be coincides with a bullish move in btc or a bearish move, because bitcoin price and bitcoin dominance some times have positive relation to each other and sometimes have negative relation.
CRYPTOCAP:BTC.DLong
by farzinsabbagh
Market Cap BTC Dominance Breaks Support (Where To Next?)BTC Dominance (BTC.D) just broke and closed below our main support EMA10 (72.41), sending out a bearish signal. We are seeing increasing bearish action and a top formation when the last peak produced strong bearish divergence with the MACD and RSI. The major trendline holding BTC.D has also been broken. The next support levels are marked in the chart with dashed blue lines. Conditions for change If BTC.D closes above 73.55 with good strength and volume, the above signals become invalid. Longer-term analysis for the Bitcoin Dominance (BTC.D) chart: Namaste.
CRYPTOCAP:BTC.DShort
by AlanSantana
8
BTC Dominance Facing Resistance Soon! (Where To Next?)BTC.D has been moving higher and higher with only a few weeks stop in between each new peak... But it seems that it is running out of steam. Bearish signals coming from the chart We have low and decreasing volume. Bearish divergence showing up on the MACD and RSI. Strong resistance ahead. RSI Overbought. Our main scenario is marked with arrows on the chart. The situation can easily change if the next resistance at 74.84 is broken with good strength and volume. If BTC.D fails to reach 74.84 and close above it, it is very likely to move lower as shown on the chart. On a drop, the first/main level to be tested would be 69.11 or EMA10. A new update will be shared based on how the charts behave. Thanks a lot for reading. Namaste.
CRYPTOCAP:BTC.D
by AlanSantana
14
HOW TO READ THE BTC DOMINANCE CHART AND WHY YOU SHOULD USE IT!So, the title is obvious. Why should you be using this chart. Well unless you want to keep your Bitcoin, pin your ears back. When BTC dominance is going up and keeps going up it means only one thing. Bitcoin is moving faster than alt-coins meaning your alt holdings are bleeding BTC at a heavy rate. Too many people think they are winning in this industry because USD is up... When in actual fact they have lost a couple of BTC without noticing. So take note of the dominance chart. Set an alert within a trend. If it is going down, look at altcoins to trade. If it is going up hold Bitcoin.
CRYPTOCAP:BTC.DEducation
by CryptoMobster
3