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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.
CRYPTOCAP:TOTAL2Long
by AlanSantana
20
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... Bitcoin (XBTUSD) Full Short Trade | 70% on 8X Lev EOS Long-term | 530%+ Profits Potential to ATH Ripple (XRPU19) Full Long Trade | 230% ROE on 7X Thanks a lot for reading. Namaste.
CRYPTOCAP:BTC.DShort
by AlanSantana
10
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
Bitcoin Dominance Back to 50% is ImminentMost are now are all in Bitcoin, especially considering BTC.D growth. This is market panic, which does result in a lot of money being moved from alts to Bitcoin. But this is exactly when smart money goes in. The market pshycology tells me, that this is perfect time for BTC.D to start reversing. Nevertheless, the it could be too early for the Alt Season to start. I'd expect it to BEGIN at the end of this year.... or, to END by the end of this year. Soon we'll find out, but I am holding my alts long term. Now you might ask why BTC will lose so much dominance. Well, BTC is a store of value, a long term "GOLD" investment. But, blockchain continues to develop with mass adoption on its' way. This will stimulate the growth of other chains and capital will be slowly distributed. People don't like to keep all eggs in one basket, even if this is a basket of Gold. They will buy Silver, Diamonds, Property etc simply to diversify.
CRYPTOCAP:BTC.DShort
by CryptoPAMM
19