Bitcon Dominance ChartBitcoin Dominance now at Strong Support Area.
If this breakdown then We can see 60% next drop.
if Breakdown this Support area then we can see big Altsession.
but if this Support area work strong then we can see 70% soon and more if breakout upward side above 70%.
so keep an eye on both scenario.
breakdown 67% I long Altcoins.
Breakout above side I short Altcoins.
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Btc-dominance
Bitcoin Dominance Chart....Alt Session..?Bitcoin Dominance Chart:
Current Bitcoin dominance is 67.90%.
What TA Says:
Technical Analysis says that Now holding at Strong Support At 67%.
And we exactly bounce from here.
This is strong support keep in mind.
now very risky for enter in altcoins.
If BTC dominance countinues Increase then Very bad for Altocoins.
but if break down this support 67% then next major Support is 60%.
If this possible then very good for altcoins.
if break down then you can enter in good TA base Altcoin for huge progit.
upper side resistance is 72%
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BTC Dominance (Y20.P1.E3).Alts have momentumLooking at the chart, we see BTC dominance droping while many ALTs are doing a bounce from what looks like they have reached the bottom.
Other coins that have been recently released will follow a different path.
Thoughts:
> BTC dom. to continue dropping until BTC stops moving slowly and indecisively
> Drop target mid 68%
> I would think another 2 to 3 weeks of BTC sideways ranging movement will be sufficient before it makes its break upwards.
BTC DominanceBTC Dominance
Can see turned bullish & broke out trendline
Followed by pump
Careful while it's pumping with alts vs BTC
Good for alts when it pulls back & still needs to turn bearish though
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$BTC.D Still expecting 66% Dominance To HappenYep, still hoping for this to drop with a little bit more interest to come from the alt-coins in the industry. Seems to be holding well and it is a very slow drop.
66% is just one target area but that is a support. From that point? Who knows. 40% would be nice... ;)
20191018 BTC Dominance - Possible Uptrend till NovemberHi again,
I've been following btc dominace lately to determine where the market is going the next months and i believe is not quite done yet.
i base most of my analysis on fractals as you may have seen, even more when an inverse have take place to predict the roads on downtrends to take more profits.
here you may see the fibonacci retracements according to fractal in place on this period. Some candles like the one in circle as indicators of stage and right now it seems we are getting at the end of a small falling wedge .
We have a bullish butterfly too that indicates they still under control and this is just a correction before going up once again.
Ill upload another image that could help you out too.
Cheers!
Charter X
Alt season is coming, Strong ConfirmationIn daily chart, btc dominance broke the resistance of senkouspanB in Ichimoku Cloud. When senkouspanB is a straight line that means this is a very huge support line. If something brakes below or above that straight line this could potentially make that movement sharper.
As far as we see in this chart, dominance is going down. You know what happens if dominance goes down :)
DOM SHORTLooks like there is a clear rejection off of the 535EMA which also has confluence with other resistance that took several days to break on the way down. I think this little bounce in the dominance chart is jist about done. I closed out my EOS short with a 3% profit. Now its time to look for some long set ups.
BTC Dominance (Oct 03) #BTC $BTC #DOM $DOMBTC is in the accumulation period to look for opportunities to rise again, this can be maintained throughout this October.
This is a very good sign for Altcoins and we can expect a beautiful Altcoin season and this is an opportunity for us to earn money or get back what was lost
Another Short Term Update On Our Total Market CapUpdate:
changed my lines around a bit and through in a schiff pitchfork for reference to levels.
Looks like we are going to be consolidating at this price range for the next ~3 days.
What does this mean for Bitcoin and the ALT coins you may ask?
We most likely will see a rebuild up of Bitcoins markets cap putting its price back up t ~8,800-9,200.
If Bitcoins prices breaks the 9,200 resistance level, we may see more movement up here, followed by a recovery in the market.
Butttt... the market seems to very weak right now with large amount of wash trading going on ("Wash Trading" = Creating fake volume on the market to show strength where there truly is only weakness).
I expect more Dumping from BTC on Monday the 29th, if and when the total market cap doesn't recover to ~245-260 Total market cap.
(Which is highly unlikely, not impossible though)
First target for dump 7,100-7,300 (Reversal at 7,300/ continued dump at 7,100)
Second target 6,300-6,600 (Reversal at 6,600/ continued dump at 6,300)
"Second target may not hit until ~5-7th of October"
ALTs?...
Most likely are going to see a continued dump until Bitcoin holds/ finds a reversal.
(May still bleed in this scenario do to everyone FOMO buying btc).
or find an increase if Bitcoin dumps while simultaneously we see more total capital is hitting the market (Strong sign of a reversal coming in my mind at least).
Minor ALTS under the 400 ranking may find pumps during this process, but those are just high risk gambles in my mind.
(These are the true Shit coins on the market and will most likely die off after a recovery happens).
BTC Dominance Is Likely to Drop, ALTCOIN Rally May StartWhen you look at the BTC Dominance chart, its trying to hold on the support. However, I don't think BTC win this battle. Because altcoins are DEAD for months and if BTC dominance keep rising, it will reach to 80% dominance and it will be the end of BTC rally.
I also don't expect the end of BTC rally before halving because BTC never ended its rally before halving. Therefore, there will be an altcoin rally until BTC dominance reaches to %67-%68 or %64-%65. The time will show us which one will be the true support.
Briefly, I suggest exchanging altcoins according to this chart.
NOTE: IT IS NOT A TRADING ADVICE. DO YOUR TRADING CONSCIOUSLY!