DOMINANCE targeting correctionWe are facing a possible correction on DOMINANCE targeting 64% - 58% soon. This is not a trading advice or a call. Use and consider your trade system rules.
Dominancebtc
UPDATE: Bitcoin Dominance traject for the coming period! UPDATE: Bitcoin Dominance traject for the coming period!
Still continuous.
Dom Bounce Short term bounce before the dump at the end of tomorrow. The tragectory is indicated on the chart. Alts to suffer in the coming hours from this bounce. Im going to try to short the dominance chart with alts sometime tomorrow after this bounce to get in lower. Im not going long but I am going to hold out to get in at roughly the top of this channel with a snall position open the XRPBTC long just in case it just hovers sideways untill the eventual drop. Stay safe out there kids... and God speed.
Mr. Manbearpig
BTC Dominance today analysis, 190921. Start to fall.Hello my friends. It's Crypto Ranger K.
I cannot post until day after tomorrow. So I leave an analysis article at dawn.
I don't think BTC dominance will rise for quite a while. The above chart is a 3 week BTC Dominance chart. If you look at the MACD histogram first, you can see that it forms two arches, both falling and rising. Especially during the period when the MACD histogram is forming a second arch, we often see the price drop once again or rise higher. Again, the MACD histogram has formed two arches, and if the trend continues to decline as it is now between September 16 and October 7, we expect to see a fairly long decline. The trading volume graph is also decreasing, so I have to weigh the decline in BTC dominance. I expect the bottom of this drop to be 57%. And the recent charts of Alts show that the decline in BTC dominance leads to the rise of Alts, so I think it's better to focus on Alts than BTC in the future.
DOM COLLAPSEIts gonna get ugly for BTC and its Dominance here REALLY soon. Im not certain how far it will go but it will take a fat dump over the next couple hours and day... day and a half perhaps.
God Speed
Mr. Manbearpig
Dominance Sky-Rocketed now it's time for SKYFALL!!! will be waiting on weekly candle close, however, looking at some of top 10 alts on thee coin market cap it's time for them to bounce again meaning BTC dominance shall start tumbling down soon
Bitcoin dominance looking weak. Altcoin party on the way..The Bitcoin dominance chart is looking very weak.
- We had a longterm BIG bearish divergence on the daily building on the recent move up.
- Higher timeframes (2D+) looking like a rising wedge.
- The divergence is close to playing out in a downward move.
- We see a kumo breakdown on the 4H (pssst, my body is ready.)
This could be THE spot where crypto markets get very volatile. The big question is: What does this comming breakdown on BTC Dominance mean for the crypto market as a whole?
It could mean:
- BTC breaks down from its meme descending triangle, which will cause dominance to drop. This would mean total BTC cap drops relatively faster than the altcoin cap.
- BTC breaks down from its meme descending triangle and the total altcoin market will pump > This means dominance will break down faster than in my first example.
- BTC goes sideways or pumps AND total altcoin market will pump / pump harder than BTC.
If we look at the Altcoin market cap/BTC chart (not included) we see that MAJOR support is upcomming in the form of a diagonal and horizontal support that cross eachothers paths.
My guess is, that this support OR the 61.8% fib level (another 18% drop on total altcap) on that chart will mark the reversal in the trend of the total altcoin market.
Conclusion: Matching the altcoin market cap with the bitcoin dominance chart suggests that a big altcoin market move is comming up: Short the corn, Long the bluechip alts like ETH, LTC, XRP, EOS and ADA.
Good luck!
Market Cap BTC Dominance - Including BTCIt seems that the BTC dominance just hit a crazy number and in my opinion it's about to go down!
BTC dominance hits MA 200. Altseason at stake here.BTC dominance has now reached the descending MA 200. This could act as a strong resistance as according to TA it is likely to bounce - which would cause an altseason. Or we may break through the MA 200 and then we'd likely have an altcoin capitulation.
Time will tell.
BTC Dominance %We can see up trend
Last two month we moving in up trend channel, we already touched resistance line of this channel and now forming symmetrical triangle. Altcoins start moving and BTC dominance can go to first support line. After that we will observe whether we break the support line or not. But we must always remember the blue magnetic support line. Even if we touch this line, we will be still in an up trend
