Btcd
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.
It Is The Altcoins Time To GrowIt is time for the Altcoins markets to grow...
TOTAL2 Chart Signals
Break above EMA50.
Increasing volume.
Market cycle favors altcoins growth.
Bullish RSI and MACD.
Below is an excerpt from my latest Bitcoin & Altcoins Market Update...
Thanks a lot for the support!
Altcoins Market Update
Yikes! The altcoins are already paying and paying big... The reason we go for altcoins vs Bitcoin is because of their size...
Bitcoin is small compared to conventional assets, but if you compare Bitcoin to the cryptocurrency market altcoins, Bitcoin is BIG while the altcoins are SMALL.
If you have a good eye, confidence, and trust, you can find many opportunities looking at the smaller projects that are coming up.
So we focus on the altcoins because they offer higher profits potential and endless opportunities for all of us.
The altcoins market is already producing great results... But we are only getting started... We are still trading near the bottom, for most pairs... We will be enjoying growth/profits for years to come.
Feel free to leave a comment and share your thoughts about Bitcoin, Altcoins and the Next Cryptocurrency Bull Market Run!
Namaste.
ONT/BTC BUY SIGNALOntology is in a good mood, time to buy to earn some bitcions. Considering BTC.D beginning of a correction... this is an ALT time.
Market Cap BTC Dominance Shows Additional WeaknessWe looked at the Market Cap BTC Dominance (BTC.D) chart recently and noticed a potential top/peak being hit.
This was marked by bearish divergence coming up on both indicators, MACD and RSI, as well as decreasing volume and alts season coming up.
Now, we are seeing BTC.D move and close below EMA10 (72.11) for the second time.
If the last low at 72.00 fails, we are very likely to see BTC.D move lower to 70.53 - 71.00, followed by 69.65 which is the 0.236 Fib. retracement from the last bullish wave.
The main potential scenarios are drawn on the chart.
Where do you think Bitcoin (BTCUSD) is headed?
Share your thoughts in the comments section below...
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Thanks a lot for reading.
Namaste.
Bitcoin Dominance - BTC.D Wave AnalysisTarget of 61.8% from ATL = 74.78% Marketcap Dominance, after that retracement to 67.18
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.
BITCOIN DOMINANCE TOPPED OUT - ALTCOIN SEASON IS OPENWe are witnessing a very top of the BTC dominance, it could be either a long term decline or a strong corrective move down.
Its time to earn some bitcoins, this correction is expected to last 2-5 months.
Get in Alts early... not an advice, but something that I did ))))))
PROFITS TO ALL!
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.
BTC dominance to correct? possible 5 wave structure with subsequent ABC correction.
for educational purposes. not trading advice
clearer on the monthly chart that we are in over bought territory
Bitcoin Dominance - How Long Can It Stay At These Levels?It is a tough one looking at the alt-coin market knowing that Bitcoin is still high but alt-coins still not thriving. The lower these altcoins do go the higher the dominance will remain, or maybe even go up further.
BTC.D - alts going to recovermany of altcoins found their bottoms. but always have stoploss in case things go against your will.
Bitcoin Dominance SUPPORT LEVELS to watchBTC.D is likely to return to the mean after testing the upper trendline of the ascending channel. it could take time, but I'd expect the main downside corrective wave to start in November. It could last approximately 2 months after which the btc dominance would continue to rise.
BTC dominance % Mar 2014 - 99.38%
Nov 2015 - 98.84%
Jan 2018 - 37.26%
Jul 2018 - 50.25%
Aug 2019 - 70.20%
Oct 2021 - ?
BTC.D: potential BTC dominance declineNov 2015 - last peak of BTC dominance
Aug 2016 - halving 2016
Jan 2018 - last dip of BTC dominance
Aug 2019 - 4 years minus 3 months(halving offset) from the last peak of BTC dominance(which is potentially the current peak of 70% BTC dominance)
Nov 2019 - 4 years percisely from the last peak of BTC dominance
May 2020 - halving 2020
2nd leg of decline could be just across the corner
Bullish Shark for BTC.DReaching our C target of 70.76
BTC.D is looking overextended and broke downwards out of the rising wedge and 70.76 can be treated as a retest.
There looks like a bull flag was formed from legs XAB, but I am not confident in it because of the rising wedge.
When BTC Dominance DownHere is a patter that should confirm the correction. Prior to that the uptrend trendline (the mean) has to be broken, which could be the very start of correction.
Long Term View on Bitcoin DominanceYet its unclear whether BTC will take over most coins and go back to 80% or higher dominance. But fundamentally it just seems pretty unlikely. This week/month closing price should play very important role in further price development. And I'd expect some nice spice to be produced, before/if reversing to the downside.
