Btcd
BTC Dominance Can Move Higher | Altcoins Can Grow As WellThe BTC Dominance (BTC.D) chart is looking bullish now after breaking above EMA10.
We can see that Bitcoin is trying to move higher on a bounce, so it is easy to see why this chart is also bullish.
The TOP altcoins (ETH, ADA, BCH, LTC, etc.) are looking bearish against Bitcoin, but the remain altcoins (the alts/smaller cap.) are looking bullish vs Bitcoin... So we are likely to see Bitcoin and the Altcoins growing at the same time.
Thanks a lot for reading.
Namaste.
Another Wave for ALTsBitcoin Dominance is about to start yet another wave down. This time it should reach 67.66% level which would provide further clues on the BTC.D direction. Break below would confirm a strong downtrend, while rejection of this level should lead to a consolidational period. Get more Alts while its not too late.
Bitcoin Dominance - Technical saying down...Look's like Alt-Season after all. Well, let's not get ahead of ourselves but let us be realistic. And if we can being realistic is the best thing we can do. BTC dominance coming down is good for the alt-coins to bring back some of those satoshi's and some great trading opportunities.
I'd wait...
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.
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.
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.