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Bitcoindominance

The Crypto Cycle: What Whales Don't Want You to Know (Jul.30)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we dissect the cryptocurrency cycle. Understanding where capital flows will help traders capitalize on every opportunity they spot. In our previous analysis, we have explained the relationship between Bitcoin and Bitcoin dominance, in order to explain the idea of relative market capitalization and capital flow. We dissect this further into classifying altcoins by the size of their market cap. The examples of altcoins stated above are merely for reference purposes, and are not financial advice. Analysis - Starting with Fiat (or Tether), money flows into Bitcoin. - As Bitcoin rallies on its own, it marks the beginning of a small cycle. - Whales drive the fiat value of Bitcoin up to a certain level, where Bitcoin then rallies sideways while Bitcoin dominance starts dropping - This signals the inflow of capital from Bitcoin to Large Cap Altcoins - The goal of whales driving this cycle is to accumulate as much satoshi profits as possible. - In other words, it's important that they accumulate more Bitcoin as the end goal, by driving Altcoin prices up, relative to Bitcoin - Once the Large Cap Altcoins rally to a certain point, capital flows again down to Mid Cap Altcoins - The same process is repeated until every last satoshi is squeezed out of the Small Cap Alts, which can easily drive tenfold gains within days. - All satoshi profits generated from this cycle is then converted back to fiat or kept in Bitcoin, depending on market conditions. What We Believe Understanding where money flows within the cryptocurrency ecosystem is an absolute necessity. It's important that traders understand not only the market cycle but also how whales think, in order to capitalize on every opportunity they have. Let us know what you think in the comment section below Trade Safe.
BITSTAMP:BTCUSDLong
by XForceGlobal
12
BTC Dominance at MONTHLY RESISTANCE Sorry, Guys! I was busy, that is why I was unable to post any analysis. Okay, Today's Analysis are very very very IMPORTANT, as it dictates the crypto market. Bitcoin is the mother of all cryptos, if it moves, let's move accordingly. First, let me give you the concept: CONCEPT: When the dominance of Bitcoin increases, the dominance of Altcoins decreases having mid to low cap. More bitcoin dominance means more people are investing in bitcoin. This means that market is investing in bitcoin and withdrawing their assets from altcoins which causes the altcoins to drop. Let's understand the supply and demand concept. For Bitcoin: Supply = No. of bitcoins Demand = No. of buyers Now, currently is a demand for bitcoin has increased means more buyers are there in the market which directly pushes the dominance of bitcoin and ultimately leads to an increase in its price, and supply is becoming less. For Alts: Supply = No. of Altcoins with there supply ( More than 1000 alt cryptos with billions of supply ) Demand= Again the buyers Now, as the Supply is immensely huge in altcoins but the buyers have shifted from altcoins to bitcoin causing a decrease in demand of altcoins, which lead to increase supply, and that caused the price to the dropdown. That's why the price of ALTS has gone down. Big Alts Like ETH, XRP having large Market Cap follow Bitcoins, but Mid to Low cap coins have a reverse effect of bitcoin dominance. I have tried to educate you guys, I think you have got the idea of how Crypto Market works. Chart Analysis: Right now, Bitcoin dominance is between the Weekly Zone 61.98 and Monthly Zone 64.40. From 13 July, three candles have been into this zone and have been rejected by the support at 61.98. Also, see how the Trend lines T1, T2, T3 are being respected. We might see some retrace back to 61.98, in that case, Alts are gonna PUMP BACK, if anyone holding the alts can exit during the retrace of bitcoin dominance. Those holding Alts, don't panic, wait for the btc dominance to retrace back a bit. BTC dominance is converging, so right now it's not stable. Let it find the support and resistance and be stabilized, then the alts will be back. If next week the btc dominance candle breaks the monthly level 64.40 and a new candle is formed above this level, then BTC gonna pump more and Alts are gonna DUMP more. If Btc retraces back from this level, we gonna see the pump of Altcoins. Thanks guys, I hope you have got the idea of how Bitcoin and let's work in this crypto market.
CRYPTOCAP:BTC.D
by SmartMaxi
2
BTC & BTC.D: The Secret to 'Alt Season' 1D (Jul. 28)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore the relationship between Bitcoin's BTC/USD daily chart and the Bitcoin Dominance chart (BTC.D), which demonstrates bitcoin's relative market capitalization compared to the entire cryptocurrency market capitalization. Analysis - Bitcoin has recently shown extremely bullish impulse moves, breaking through strong resistance at 10.5k - This was a measured move that followed after a long phase of consolidation between 8-10k. - Throughout history, Bitcoin and the Bitcoin dominance chart has shown a relative movement as follows: - Every time Bitcoin shows sideways movement, trading within a box, Bitcoin dominance shows a downtrend - When Bitcoin breaks out of the sideways movement, Bitcoin dominance also shows an uptrend - As Bitcoin reaches local top regions, it shows a sideways movement once again, trading within a box - Reacting to this move, Bitcoin dominance shows a downtrend once again. What We Believe As such, taking into consideration the relationship between Bitcoin's measured moves and Bitcoin Dominance, it would be reasonable to expect an "alt season" as Bitcoin tops out at local resistance, showing sideways movement within a box range. Let us know what you think in the comment section below Trade Safe.
BITSTAMP:BTCUSDLong
by XForceGlobal
12
Long term Bitcoin AnalysisBitcoin has been bullish in the past week, and the price is showing rejection in the weekly long term trend. The rejection will only be confirmed on Sunday. My prediction is that BTC has hit a resistance level at 11,500 and will rest and sell off to between 9000-6000 and form a third relative low and then we will enter a bull market again. This may take time, make sure you are liquid enough for when its time to moon Would love to see your comments on this one. This is a bold call
BITSTAMP:BTCUSDLong
by TradingWithTheTrend
July 26-27 Btc Usd Pump review and Bitcoin DominanceThere is a big divergence between prices and Btc dominance. I think these prices will be withdrawn (maybe after eating some more pump). There may be 9700 to 9500 resistors. Dominance is around 62.7. It doesn't look like a steady rise. There is a down trend line for BTC.D and it does not give a clue that this rise will be permanent. If we come to price analysis with Rsi; do not want to end it creates the image. There is a negative mismatch. I think these prices cannot exceed the 1st and 2nd weeks of August. Maybe even earlier ... It may seem like Bullish, but I commented as a bear trap. Friends this is definitely an amateur work. It is not an investment recommendation. I wish goodluck for everyones.
CRYPTOCAP:BTC.DShort
by ruble
OCC “Legitimizes” Crypto and a Fundamental Market Analysis Happy Thursday. In the event you missed the news which appears to have been the catalyst for the large moves in the market yesterday, Coindesk reports the Office of the Comptroller of the Currency released guidance yesterday affirming the authority of Chartered National Banks in the United States to provide Cryptocurrency Custody Services for their customers in both a fiduciary and non-fiduciary manner. Banks in US Can Now Offer Crypto Custody Services, Regulator Says Wednesday’s letter also “reaffirms the OCC’s position that national banks may provide permissible banking services to any lawful business they choose, including cryptocurrency businesses, so long as they effectively manage the risks and comply with applicable law.” The Ripple Foundation have long sought to replace the current SWIFT system with the Ripple Protocol and Ripple Cryptocurrency (XRP) to settle inter-bank transactions, and this move by the Office of the Comptroller of the Currency may have provided a key win to that effort. Neo & Bee the First Attempt at Bank-Like Cryptocurrency Services Seems the space has come a long way since the failed attempt in 2014 of Neo & Bee in Cyprus – a brick and mortar Bitcoin business with bank-like services. Bank-like Bitcoin Portal Neo Opens First Branch in Cyprus Neo & Bee had intended to raise 24,600 BTC for its operations at a time when the currency was worth roughly $120. Shares then were publicly traded via Panama-based Havelock Investments, a platform for the trading of bitcoin-denominated shares in companies before being halted amid company turmoil. According to Coindesk, the CEO Danny Brewster fled the Cyprus and a warrant for his arrest was issued by the Criminal Investigation Department of the Cypriot Police amid allegations of fraud by early Neo & Bee investors. Seems the Bitcoin/Cryptocurrency bank experiment moves into a new phase in the United States, with nationally chartered banks offering custody services. I’m curious to see if and when crypto accounts become available to depositors at banks and credit unions. Perhaps crypto has finally reached the stage of acceptance. Total Cryptocurrency Market Capitalization Breaks Trendline Resistance The Total Market Capitalization for the entirety of the crypto marketplace (as calculated by Tradingview) has steadily declined 42.94 percent from a high of $459.12 Billion as of February 18, 2018, to $261.959 Billion as of July 5, 2020. However, on July 20 things changed significantly with a Market Cap spiking $7 Billion over a two-day period. The $7 Billion USD value of the spike is not in and of itself significant. However, the spike decisively broke declining trend line resistance which was established in February 2018, and that is very significant. Within 24 hours after the decisive break of the MCap trend line, news from the Office of the Comptroller of the Currency broke and PA spiked hard. However, in my opinion, the PA remains subdued given a 5.2% increase in Total Market Capitalization within a 48-hour period poured into the market. Currently MCap remains flat, but it absolutely deserves a close eye over the coming days and weeks given nationally chartered banks and their depositors now have the potential to enter the cryptocurrency marketplace. Declining Bitcoin Dominance Bitcoin Dominance as a percent of Total Market Capitalization has declined from a high of 72.79 percent as of September 5, 2019 to 65.43 percent as of July 5, 2020. Since that time Bitcoin Dominance has largely been trending down and currently rests at 62.97 percent. During the ICO heyday on 2017, Bitcoin Dominance fell from 95.79 percent on January 1, 2017 to a low of 36.62 percent on January 13, 2018 – just over one full year. These facts would seem to suggest a couple of things: The increase of MCap combined with material decline in Bitcoin Dominance suggests new capital is choosing Altcoins over Bitcoins. Based upon comments by Jeremy Allaire of Circle earlier this year regarding the explosive growth in stablecoins , I suspect a vast majority of this capital is parked in USD pegged stablecoins (such as USDC and USDT). His comments suggest those stablecoin investors are not focused on deploying that capital into Bitcoin and other cryptocurrencies. Rather, they seek to use stablecoins as a solution to dollar shortages worldwide and provide alternative payment methods to SWIFT and credit cards. This could potentially signal static and/or lower Bitcoin prices over the near term as Altcoin season peaks, should stablecoins dominate the MCap of the Altcoin Market. The prior trend during 2017 suggests “Altcoin Season” (represented as a material decline of Bitcoin Dominance) peaks approximately one year before reversing. The current material decline started September 5, 2019, which would suggest “Altcoin Season” should peak in September 2020 if the prior trend from 2017 is a viable reference. The prior material decline of Bitcoin Dominance during the 2017 Altcoin Season reversed at 36.62 percent of Total Cryptocurrency MCap, which would imply Bitcoin could see a potential MCap decrease of 20 percent before the current trend reverses. Unless material capital inflows enter the market and significantly boost Total Cryptocurrency MCap, it would suggest BTC price should decline lockstep over the near term as capital flows out from Bitcoin into Altcoins over the near term. The guidance issued by the Office of the Comptroller of the Currency has legitimized cryptocurrency in a fundamental way crypto advocates have long dreamed and hoped for - even if traditional banking institutions do not rapidly embrace development of products and services for retail depositors. More importantly, this signals a fundamental change in banking is potentially on the horizon, providing an opportunity for a more mainstream adoption crypto advocates have long dreamt about. Where that potential future capital flows in the Crypto Marketplace will say much about what the future of cryptocurrency will be. Always remember this is not trading advice. Outside of that, Happy Trading.
CRYPTOCAP:TOTAL
by FOFAgent1
BTC Dominance; struggle to survive in long-termBTC dominance rejected from a key zone. Continuation signs of this bearish trend in price action promise some deep targets. Could be very interesting for the Alts market. But beside that, this is a big deal for the future of cryptos. It’s like other big and revolutionary technological progress that we had in the past. For instance, compare market share of Nokia now and past decades. When you see some progress and inventions in short-terms, that means in long-term there would be important changes in businesses and those who are dominant in them. And changes in crypto business are very fast and significant. I’ll post my own price action algorithmic analysis of this chart in the updates soon. That’s among the best predictor of the future moves I’ve ever seen.
CRYPTOCAP:BTC.DShort
by DarkWaveHunter
5
#BTC Dominance breaks! Altseason continues until this happens!Welcome to this quick update. Thanks for the unmatchable support you've shown so far. Keep supporting if you find my work deserving. 1. Dominance broke down an important support level which held for the last 122 days. 2. As per fractals it should fall for approximately -5.88 % to the lower green support level from here which will result in anther alt rally for the next 4 to 6 weeks. INVALIDATION POINT: 1. If it breaks above the 50D MA (Red line) and closes above it. 2. A positive daily close above the support line (Red Line). This breakdown will result in 200 to 300% profit in the next 4 to 6 weeks in many altcoins. Follow me to know the TOP 10 altcoins to trade this season. THE BEST THING ABOUT TRADINGVIEW IS YOUR CHARTS DOES THE TALKING, So go through my previous altcoin updates to know about my accuracy. If you find it deserving please like and shoot a follow for more future updates. Thanks for reading Stay safe #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
47
Material Decline Bitcoin Dominance Suggests “Alt Season”Happy Wednesday. Sometimes it’s good to take a few days away from things for a minute. I hope everyone in Canada and the US had a good summer holiday season. Thankfully, Rocky Mountain National Park is close by. The recent moves by Bitcoin and the failure to fully exhaust cause on moves in either direction (accumulative or distributive) has been confusing to watch as of late, so I decided to take a step back and get a more macro look at the market to get a sense of the bigger picture and refine my investing/trading thesis a bit. Declining Bitcoin Dominance Bitcoin Dominance as a percent of Total Market Capitalization has declined from a high of 72.79 percent as of September 5, 2019 to 65.43 percent as of July 5, 2020. Yet since May 7, 2020, Bitcoin Dominance has shed 3.49 percent from 69.82 percent as of May 7, 2020 to 65.43 percent as of July 5, 2020. The declining Bitcoin Dominance and recent market activity would suggest “Altcoin Season” is currently in play. During the ICO heyday on 2017, Bitcoin Dominance fell from 95.79 percent on January 1, 2017 to a low of 36.62 percent on January 13, 2018 – just over one full year. The current trend suggests “Altcoin Season” started September 2019 and, if the prior trend is any indicator, should peak around September 2020, and Bitcoin Dominance should appreciate. Declining Total Cryptocurrency Market Capitalization The Total Market Capitalization for the entirety of the crypto marketplace (as calculated by Tradingview) has steadily declined 42.94 percent from a high of $459.12 Billion as of February 18, 2018, to $261.959 Billion as of July 5, 2020. Yet since April 2020, volume across the marketplace has exploded to new all-time highs. Within just the past 38 days, total Market Capitalization for the entirety of the crypto marketplace has declined 6.8 percent from a $280.392 Billion on June 1, 2020 to $261.959 Billion as of July 5, 2020 and volume has steadily pulled back from the recent record highs, before Market Capitalization started to revert back to the downward trend line. Since January 1, 2018, the crypto marketplace had approximately 1,588 Initial Coin Offerings (ICOs) which have either completed or are currently underway according to ICOdata.io and ICOmarks. This is effectively flooding the crypto marketplace with: material quantities of pre-mined tokens from these new ICOs, material quantities of new tokens from ongoing mining activity associated with new blockchain projects, and material quantities of new tokens from ongoing mining activity associated with existing blockchain projects (including Bitcoin). Logically, one would expect Market Capitalization to increase if the volume spike came from fresh sources of capital entering the cryptocurrency marketplace to purchase utility tokens and digital currencies. More fiat entering the market (materially higher than is exiting), chasing the circulating supply of tokens should translate into Higher perceived value/higher prices, and by extension, higher Market Capitalization values. However, the long-term trend since September 2019 does not reflect this conclusion. Moreover, the Average Transaction Ratio (14 Day) shows Market Capitalization volatility has declined from $66.762 Billion as of February 18, 2018 to $10.096 Billion as of July 5, 2020, and within the past 35 days, from $16.77 Billion to $10.096 Billion. It seems to suggest market volatility is trending downward at a fairly sharp rate, and average transaction value is dropping as well. The 30 Day Average Estimated Transaction Value in USD (All Time) on Blockchain.com appears to confirm this hypothesis, showing transaction value peaked in 2018 at $3.855 Billion January 7, 2018, and has been compressing as it oscillates between a network high of $1.72 Billion and a network low of $897.85 Million. Summary/My Trade Plan The trend with Bitcoin Dominance suggests at a macro level the Market Capitalization is flowing away from Bitcoin into Altcoins at an accelerating rate towards a peak. It appears that “Altcoin Season” peak should hit somewhere in September of the current year, so trading bias should shift towards Altcoins and away from Bitcoin and Ethereum. The current trend with Total Market Capitalization is something of noteworthy concern. I will be watching this trend quite closely to see if a material break above the trendline occurs, which would suggest inflow of fresh capital in the marketplace, which should cause both price and Market Capitalization increase. Declining Market Cap and declining Bitcoin Dominance seem to suggest a bearish bias should exist for Bitcoin over the near term (at a macro level) – possibly through the summer (September 2020). Should Market Capitalization materially break above the current trendline, it would suggest a bullish bias towards both Bitcoin and Ethereum, as both are the primary gateways for capital to enter the marketplace. Should Market Capitalization continue to decline along or beneath the established trendline, I would anticipate market cap to flee away from Altcoins and consolidate within Bitcoin and Ethereum or flee from the market. Always remember this is not trading advice. Outside of that, Happy Trading.
CRYPTOCAP:BTC.D
by FOFAgent1
Bitcoin Dominance Bottoms Out ! Turnaround 4hr ? #btc #bitcoin Bitcoin dominance has absolutely bottomed out on the 4hr chart and looks to be doing same on 1 day chart too . Surely the turnaround will happen soon - and we'll see Bitcoin dominance and Btc price start to rise - perhaps through towards August . As you can see we hit a TD Sequential 9 in red and there's hard divergence down with all MAs pointing down as well. Rsi is bottomong out at 6 ! This is gonna turn soon in my opinion and head back up . I wouldn't be surprised if people are coming out of their alt postions soon ( or already . )
CRYPTOCAP:BTC.D
by shimmeringpath
Altcoins just entered Moon Phase 2.0We're already in a risk on window and just confirmed bearish market structure AGAIN! Last time this happened was Feb. 2nd 2020, right before altcoins pumped into our spring rally. Using the Bitcoin dominance chart as a guide for when to take risks on alts (risk on) and when to protect your sats (risk off) allows a trader to maximize opportunity and minimize risk when stacking sats via trading. BTC dominance climbed steadily through the 2018-2019 bear market as altcoins washed out across the board and left holders heavily underwater. As ETHBTC emerges from its current consolidation and Bitcoin continues to range. Expect to see altcoins perform very well vs. Bitcoin. Watching this chart for signs of bullish divergence and/or bullish market structure will give a trader an idea of when this "risk on" trend is drawing to a close and allow them to hold onto the BTC gains they made during the altcoin rally, instead of giving it all back in hopes of catching another wave. Even when trading alts vs. BTC in this risk on window. We never take more than 5% risk on any trade and because we know that altcoins are correlated, we understand the implications of taking multiple 1-2% risk positions, in the event that BTC volatility picks up (which seems more likely with each passing week). Stacking up that risk can have catastrophic effects on a trade account, so we always proceed from a "manage risk first" perspective. With that said. There are a ton of juicy looking altcoin charts out there and we'll be publishing some of the charts that were discussed on "Hxro Labs LIVE" this morning. Always play from a position of strength!
CRYPTOCAP:BTC.D
by Randomtask555
2
XRP/BTC early signs of a Reversal on the 4H! Daily not so sure!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). XRP has been making lower lows for an extended period of time. It tried to break the cloud on the 4H a couple of times before ( purple squares ) but got rejected. Third time is a charm I guess since now it did manage to break through the cloud and R1 on the 4Hour chart. This could be an early indication of a trend reversal, but we have to be careful since the Daily chart is telling a different story. It has only broken the Tenkan ( yellow line ) up and is still trading under the Kijun ( Dark Blue line ), the only indication we have for a possible reversal on the Daily chart is that it bounced off the S1.
Long
by VrotteOtter
3
Altseason Near: What cryptoinvestor doesn't tell youHello guys, in this technical analysis and it's for education ideas, I will want to make there in monthly and weekly if you're a cryptoinvestor, Ethereum Fan, Ripple Fan or whatever. So, today when I was looking for crypto youtubers as channel The Moon, Crypto Zombie, Chico Crypto, etc... They mentioned that Altseason is so near in our invisible eyes. Guys, let's me see that it's a great opportunity to invest in cryptocurrencies. Now, in weekly we are in the bearish channel, and that is a clear distribution zone that many investor are buying altcoin except Bitcoin to buy altcoin. Now, these are an indicator that you're favorite altcoin it's can be to multiply 5x, 10x, 50x, 100x or include 1000x, and why we don't imagine that you're altcoin is multiply until 10,000x. Well, that is my thing, but, look, this is a great opportunity for altseason. You can make this: Make trading with your any altcoin in mind and trade in long, always and when using the price action and operate for Daily or Weekly for mid-term and long-term, but altseason is so near of our invisible eyes, guys, it's the moment to invest, because I'm a Bitcoin investor and some altcoin investor when I pass my all Bitcoin to altcoins. Also, we found out a ABCD bearish pattern, and that mean that there are a possible drop of 50% of crash of the Bitcoin Dominance until the half the the ABCD and could reach a Bitcoin Dominance to 52%, today the dominance is 65%, guys, I believe that it's a good moment to leaved Bitcoin and pass Bitcoin to altcoins, that can to multiply your income. So, my friend that is all for you Now, I have my list of my favorite altcoins and I want to share you: 1. Ethereum 2. Ripple 3. Bitcoin Cash 4. Bitcoin SV 5. Litecoin 6. Cardano 7. Crypto.com Coin 8. Texos 9. Chainlink 10. Dash That is my favorite altcoins, but also, I reccomend to take this list that support you,if you have another altcoin that doesn't are in the list and you consider a good investment, well, is your election. But, my favorite altcoin that I can to multiply for lot is Crypto.com Coin, why there. Because Crypto.com Coin is a crypto-altcoins of Crypto.com of all service of transfer money, and also that most that distinguish this crypto is to make staking of crypto.com and why, people are selected this currency to earn money with staking to fix and protect the Blockchain and network of this cryptocurrency, and that crypto it's one of that growup of user numbers, and coinarket cap put a list that this cryptocurrency has in the top 11, that mean a grant future for this currency. Also, this is not only my favorite altcoin, Cardano and Chainlink is one of my favorites that follow, and that currency are undervalued that imagine a Cardano to multiply for 10,000x, I imagine that, Cardano is also one of the best currency to invest. One of my strategies is when I make trading, I will going to leave 10% of my wallet of trading to invest in cyptocurrency for the time. Also, I interesting to make a technical analysis soon as episode that you can't to missing it, because it's important to know crytpto proyects and writing what is about each crypto proyect that I interesting to know.
CRYPTOCAP:BTC.DEducation
by harisonhbn9718
7
TOMO/BTC Looking bullish on the 4H! Ichimoku Analysis.If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). TOMO has been consolidating since the last move up, yesterday some bullish continuation signs popped up and with volatility going down it could make a bigger move soon. In the two red circles, you can see the Lagging span (Purple line) bounced of the Kijun (Dark Blue Line) and the Tenkan (Yellow line) as well and is trading above the Kijun now. These are very bullish signs and with the Lagging span trading above prices and Kijun the only resistance left is the historical resistance. Just below the Kijun you have the additional support of the cloud SSB and the Pivot. The most important thing to keep in mind if you want to trade this setup would be the historical resistance marked on the chart which also aligns with R1 and if price pushed up you should look and see how it reacts to that level. It could be a place to take profit if you want to play it safe. And when you place your stop it should be at least under the cloud but if you look at the previous wicks it would be wise to leave enough room and adjust your position size accordingly.
TLong
by VrotteOtter
Bitcoin Dominance Quarterly ReviewUsing a Heiken Ashi chart type we can see a typical topping out pattern for BTC dominance. This suggests a decline in dominance ready to begin, although playing devil's advocate perhaps it's just a consolidation pattern against the downtrend waiting to be broken to the upside. SparksterSignals team is betting on the altcoin market continuing to perform admirably over the course of the summer and beyond so we do expect money to flood into the altcoins as innovative projects gain partnerships outside of the crypto industry and utility builds towards the digital economy. That is to say, we think bitcoin dominance will head down over the next few months. Check out the short-term moving averages (light yellow and blue) which has just crossed over to the downside. We also see the monthly Heiken Ashi candle as of today, 1st July, is painting red.
CRYPTOCAP:BTC.DShort
by Sparkster
2