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Kyer

Bitcoin Dominance (BTC.D) - Alt Season?The Dominance gained on the BTC.D Ratio Index throughout Sept-Nov. after the summer from 58% to 66% just closed out a futures gap needed to fill around 65% and spiked right back down this week, even below this longterm trend that held the price in the fall like I just mentioned. With coins like XRP taking off 35-40% in a day and across the board all these altcoins are starting to fly, such as XLM soaring to 0.15 last night. Bitcoin is approaching its all time high and should be hours before it hits, while all these altcoins are slightly to majorly outperforming BTC making Bitcoin lose its dominance. From here, I can’t really see this dominance holding around 62% and reversing back up to touch 70% this dip down was pretty aggressive and I think it will continue pushing downwards. Take a look at the TOTAL2 crypto market cap, it is gaining a lot and about to take off even more. Stop teasing me BTC.D , and just let the altcoin season happen already i’ve been waiting almost 3 years now. Let's see this altcoin season happen
CRYPTOCAP:BTC.D
by kyer
5
ETH 2.0 Launching Dec. 1st, What does this mean for Ethereum?Ethereum has been a top performer in the crypto market this year, up 410% YTD even with the corona crash. I don’t expect this upwards momentum to stop anytime soon, there are a lot of factors coming into play that could continue this momentum such as ETH 2.0 Beacon chain launching Dec. 1st. That is huge news for the Ethereum network, possibly the biggest news since the inception of the coin. The network is switching from the PoW to a PoS where users can stake their 32 ETH to secure the network as well as make some nice yearly residuals doing so. The 524,188 ETH required to stake the coin hit the threshold late last night, and this morning it has a little over 700,000 ETH staked in the 2.0 contract. The best is yet to come with the price, we think we’ve seen it all… I say the party hasn’t even gotten started. Think about all the FOMO that is about to happen. It’s only hours away from Bitcoin hitting ATH price and from there hitting 20,000 and beyond should be a breeze. BTC should go back down a bit to maybe even $18750 before continuing its move upwards. All time high is coming and it is coming very soon and should reflect across the board in the rest of the crypto market. Dow Jones Index also just hit 30k today for the 1st time in history. TP1 🎯 $617 TP2 🎯 $687 As always please do your own research, I am not a financial advisor. Easy Loot
KRAKEN:ETHUSDLong
by kyer
7
Bitcoin $20000 IncomingBitcoin has been constantly moving up since 10k with some skeptics still calling for a short. BTC created this upwards channel from the start of the move upwards starting from $16124 - $16599 weekly support range. From there, Bitcoin 1st touched rejected off of the $18953 monthly resistance level (basically previous-ATH) and dropped back down only to find the upwards channel acting as a level of support. BTC yesterday regained $18383 as support and found the $18953 monthly level resistance turned support. From here, I expect BTC to dance around with this $18953 monthly level a bit going up and down around it until eventually hitting the ATH on BitStamp at a devilish price of $19666. I don’t like that number but I don’t make up these levels, you should bring that up with the market makers. It’s only hours away from Bitcoin hitting ATH price and from there hitting 20,000 and beyond should be a breeze. BTC should go back down a bit to maybe even $18750 before continuing its move upwards. All time high is coming and it is coming very soon TP1 🎯 $19666 (Previous ATH) From here on out, the support & resistance levels marked out on my chart don't carry any meaning anymore, we need to find new levels but that will only come with time. It'll be hard but fun doing technical analysis with never before seen prices on Bitcoin, i'm very excited for whats to come. The best is yet to come
BITSTAMP:BTCUSDLong
by kyer
9
Strange Correlation Between USD and African RandThe correlation between the African Rand and USD ( FX:USDZAR ) is super strange. During both the 2008 and 2016 crisis, we saw the African Rand pump an average of about 50%. Coming into 2020 we see the rand up about 35% with an expected 15-20% move up inbound. Do not trade this, this is my personal take on this and well... I definitely wouldn't take a 19 year old serious if I were you. Drop a comment and share your thoughts! Thanks DotcomJack
Long
by DotcomJack
1