Dominancebtc
Altcoins Now Entered In Bearish zone because Dominance Broke out#BTC Dominance Chart Update:-
#Bitcoin Dominance broke the resistance.
And trading above 42% which is Bad sign for Altcoins.
Now..?
Above 42% is not good for Altcoins.
We can see Altcoins drop.
And next resistance is 44.55%
Again if Dominance go below 42% then good otherwise Altcoins will be bearish.
Good entry in Altcoins will be when Dominance hit 44.50%
Support:- 42%
Resistance:- 44.50%
BTC DOMINANCE is bouncing, Bad news for Altcoins!Hi there,
Bitcoin Dominance is bouncing and this is not good for Altcoins at all.
BTC.D was moving in a downtrend channel for about 50 days and I expect to see a breakout of that.
What will happen?
In the best case when BTC.D is going up if Bitcoin goes up too, Altcoins will fall with a low slope.
In the worst case when BTC.D is going up if Bitcoin goes down, Altcoins will fall rapidly.
So In my idea this is a bad time to be with Altcoins, Also Altcoins growth a lot in the past 50 days and these prices are not proper to buy for next leg up.
Be carful with your trading and investing.
Your Likes and comments are the best Thank you.
ALTSEASON CONTINUE OR NOT? BITCOIN DOMINANCE UPDATECurrently, Bitcoin dominance is at the decisive point. It is trading in a falling wedge pattern and hovering above 41%. The strong support for dominance is 40% level. If bitcoin dominance breaks the 40% level then we will see a great alt season of all time. There is resistance around 42 levels if it breaks the 42% level then Alts bleed in BTC pair and show the big correction. IMO we should break this 40% level and witness a great alt season in Q4.
Support:- 40%
Resistance:- 42%, 45% and 49%
Let's see dominance breaks the 40% level or not. Keep an eye on 40% and 42% levels.
If you like this idea then do like and comment. Also, follow me for more updates.
You can also follow me on Twitter:- @core_crypto1
BTC dominance critical levelBTC DOMINANCE UPDATE
as always we react and trade according to chart
The whole altseason was expected and dominance now reached major support
On chart we can see bitcoin dominance is inside descending channel and face upper resistance line (42% level)
If rejected from the upper line of channel then we see a retest of 40-39% support again and a small rally in altcoins
If Dominance break the resistance line then we see a 44% and even higher levels and altcoins can drop hard in short term
Keep your stoplose tight !
Altcoins Session is Over or One more Last Altsession is ready..?#BTC Dominance Chart Update:-
Altcoins Sessions over or Not…?
Currently Dominance is trading at 41.45% Level.
What Chart say..?
As per chart if Dominance Break upward 42% level then Altcoins will be bearish in BTC Pairs.
But If Not break 42% level and Trading below 42% then This will cery good for Altcoins sessions.
40% Is strong support for Dominance chart.
If break down 40% level then we cam see next and Last support will be 35%
And This will be end of Altcoin sessions.
So be careful about this Scenarios.
Support:- 40% / 35%
Resistance:- 42% / 45% /50%
Please click like button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
BTC.D : important levelhi all
,Bitcoin Dominance is now at the support of 40% area. There is also a downtrend line which is working as a resistance on daily time frame.
Now there are two possible cases:
The first case is Bitcoin dominance break 40% support level and go down. In this case we will see good rally in altcoins.
The second case is Bitcoin dominance bounce from 40% support and form a double bottom pattern. Dominance will then head towards 50% resistance area. In this case we will see sideways movement or downward movement in altcoins.
Use stop loss in all your altcoin position and keep an eye on dominance.
BTC Dominance appears to found support in 40 zoneMade this graph on July where the blue vertical line is marked, as you can see dominance appear to found support, and we had a small Alt Season Recently.
BTC currently trading in 52500.
Alts are going crazy right now.
At this point a BTC rise with the dominance is logical, if this happens we may have alts bleeding.
Be Carefurl on your alts trading.
Regards.
Eng. Alexa.
Bitcoin vs Altcoins Dominance - Huge Up Highly Possible!Altcoins dominance already crossed its ATH this year however Bitcoin dominance ATL is still untouched. Yet its crossing is very close and may happen pretty soon, in weeks, even days from now.
Watch closesly what happened last time we had anological situation:
Check CMC on for example web archive website what price progress altcoins made from march 2017 in few months.