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Btc-dominance

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
CRYPTOCAP:BTC.DLong
by CharterX
10
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).
CRYPTOCAP:TOTALShort
by CapitulationCalls
4
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!
CRYPTOCAP:BTC.DShort
by VeliAyhan
ChainLink is preparing to test 50 EMA - ($1.95)Fundamental Reason Last days COINBASE: BTCUSD stated process of diversification towards ETH and XRP. We can easily see that diversification from BTC Dominance to CRYPTOCAP:ETH.D and XRP Dominance which are pumping in the last few days. Events from this kind are telling us that the potential drop is coming in the next 3 weeks. Before the drop to appear on the entire crypto market we are going to see growth in different alt-coins, most likely ChainLink will be one of them. Technical Reason At the moment BINANCE:LINKUSDT is at the oversold stage. RSI shows us potential Double Bottom formation. The price was able to rise above 200 Exponential Moving Average, which is speaking of strength and a higher probability for further growth. Volume is under 50 Moving Average, and a potential big move is coming. Likely the price will try directly at 50 candles Exponential Moving Average and tested it as resistance (price around $1.95). Supports - $ 1.50, $ 1.45 Resistances - $ 1.95, $ 2.05 Good Luck!
BINANCE:LINKUSDLong
by Kairos-Alpha