GRIM FORECAST FOR ALTS - APEX CRYPTO LEAVES NO ROOM FOR ALTSAs much as we all appreciate the fresh innovation from alts (be it smart contracts or NFTs), the BTC Dominance chart says it all.
The ALT/BTC value will begin to depreciate until it becomes too insignificant to matter. One question remains though...
Will there be a "flippening" from the "underdog" Bitcoin Cash (BCH) before all this ends?
Let us know your thoughts in the comments.
Btcd
It doesn't seem like it wants to fallAs long as the green support zone continues to operate ; target will continue to be 50 .
When the black resistance is overcome, the double bottom target will come to the fore ; corresponding to 60
What I'm talking about is medium term, not short term.
please review the drawings before asking questions
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King BTC for the next monthsBTC Dominance is in a long term range between 70 and 30 and i believe this range will not break higher or lower for a long time ahead.
MACD in Daily and Weekly is bullish on the charts and i don't see it reversing that fast, hence prices would go higher into 60s area in the coming weeks, if we get there we should start looking at reversal options.
This mean Alts value in USD would probably benefit from BTC higher prices but we wouldn't see an overall "ALT Season" where ALTs are overperforming BTC.
Of course this would need to be followed as we cannot predict the market
BTC Dominance PredictionThis is just an idea I charted back in early October. Putting it here to see others' thoughts. I have 3 theories on how this market cycle is going to end. This is 1 of them which is quite bullish and is reflected by this chart:
Early Jan will be the peak of the altcoin season hence we drop below the 2017 BTC.D but then instantly pump back up. The whole market dumps early January based on this idea as per 2018 January. February we then get a cat bounce as ETH2.0 is announced and/or is anticipated. But this bounce will prove the bear market is upon us as a week or 2 before the ETH2.0 launch (I expect around late Feb or early March) will be the mother of all dumps. At this point, if you HODL'ed during the dump from early Jan, it's probably best to sell on this bounce and perhaps leave a small amount for speculation.
Again, this is just an idea.
BTC.D and Next Altseason | #Bitcoin to New ATHThere are two possibilities that can happen in this current situation.
If BTC.D breaks 48-50% level, we can see a huge red river.
else if BTC.D unable to break the 48-50% level, so we can see huge pumps, new ATHs in the next couple of weeks.
be ready for each and every senario.
Let's see how it goes.
cheers,
May the force be with you.
crv short for short time , here is why crv is a good project , but the situation for alt coins is not good . we can see btc dominance is going up and cry have a diamond pattern which is bearish . we are following chart and indicators , macd is having a bend and death cross .use stoploss according to your fund management. use can see the target .
happy trading
Bitcoin Dominance (BTC.D) - above 1st resistance RSI double topDaily candle close triggered a TV alert for me on the BTC .D with daily closing above the first marked area of resistance on the BTC dominance chart. Noting also the double top on RSI , perhaps time to see a bit of a slow down of BTC for a moment of consolidation, hoping we resist any significant pull back and hold above both this resistance and the 60k. Watching for possible signs of bull trap from here, and show of strength from the bears. Bias towards further bullish strength in the coming days and weeks. Does wisdom dictate that Alts get a run now? Watching with caution, trade safely
BTC.D possible short-term recovery for alts?BTC .D reached 46.0 level which was a strong resistance in the near past. Let's see how it plays out this time- look for some possible double tops on lower timeframes.
Note: BTC .D falling on its own does not equal alts pump. For that to happen Bitcoin needs to be pumping or moving sideways at that time.
The beginning of alt season?Two things to watch for when we are in a bull cycle waiting for an alt season to begin, are:
- BTC dominance weakening/consolidating after a sharp rise
- ETH/BTC becoming stronger. When ETH starts outpacing Bitcoin, this is generally a sign that we are on the brink of an alt-cycle.
As ETH is currently flirting with the 200 MA and the green support area, this is a pair I'll be closely watching for the coming days.
Bitcoin Dominance Chart AnalysisPeople ask a lot about this chart, Bitcoin Dominance (BTC.D).
Currently, we have some bearish action developing even though it is early on.
We are used to reading early signals and this is pointing like a correction is about to show up.
Check my latest BTCUSD for more details.
Now, how far down can this one go?
We are looking at a correction but not a bear wave/market, with this in mind we aim at a higher low.
The 0.5/0.618 Fib. retracement level looks like a good support.
This is also close to EMA50 which also tends to works as strong support.
The RSI is already trending down after a lower high.
Same with the MACD.
This is all expected and we are not surprised.
We need one final strong correction before Nov./Dec. If we really one to see $100K or beyond.
This is what I see coming from this chart mixed with all the data that I have from reading Bitcoin for the past 8-12 months.
If you agree or have a different opinion, share it in the comments section with us.
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
btc dominance are showing reversal movement (double bottom) butas you can see btc dominance has been going strong last week and doesnt showing any bearish movement but btcd gonna test the resistent key
this area could be supply for shorters since btcd has been going so downtrend this year stay watch
Bitcoin Dominance - when to buy altcoins 🤔❓Many guys ask what to do with altcoins, when is the best time to buy them? In this idea, I will show you the best place to buy altcoins!
Bitcoin dominance is a very important indicator that can tell us when is the best time to buy or sell altcoins.
Right now on the chart, you can see that bitcoin dominance is in a trading range between the 50 and 40 levels. The dominance is now rapidly moving upwards, which is not good for altcoin growth, so all altcoins are now either falling or in consolidation.
There is a marked resistance area at the top of the chart, which could stop bitcoin dominance and would be a good opportunity to buy altcoins.
But another scenario should be noted, if bitcoin dominance continues to squeeze near this area, it would signal a breakout and a continuation of the altcoin decline.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
BTC.D : A quick note on bitcoin dominance and altsCRYPTOCAP:BTC.D
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
It is inevitable that at some points in the cycle, Bitcoin will outperform almost everything. With a few outliers of course. However, it's important that this doesn't change your game plan.
Your game plan should already be set in motion. If you track your portfolio daily, both in USD and BTC, there are always fluctuations if you are holding a mixture of BTC, Alts and USD.
It would be near impossible to maintain your portfolio's equivalent BTC value round the clock, unless of course you were all in BTC.
I personally hold BTC as my base asset during bull runs (switching to USD at local tops or as near as I can) as well as moving to ETH as my base asset when ETHBTC looks set to out perform.
However, it is inevitable that my alt coin holdings (spot) that I have accumulated will take a hit during a strong BTC run - so you may see your 'BTC worth' drop at times; However, I think of alt holdings like a coiled spring. When under pressure BTC, they bleed - and are suppressed.
If you've accumulated at support, you need not to worry about the temporary drawdown in BTC, because in general alt coins out perform BTC in the right conditions, and so when bitcoin puts in a local top, altcoins regain their dominance and begin out performing.
HOWEVER
It is important not to be 'alt heavy' at times when the BTC dominance is at support.
It is important to rotate the ratio of BTC:ALT:USD holdings to lessen the impact of alts bleeding at certain times in the market.
For example, in January of this year, it was an amazing time to load up on altcoins given that BTC dominance was at resistance. We then saw astronomical gains in alts across Feb/March when BTC.D dropped like a rock. Then, in May when BTC.D hit support, the whole market tanked but alt coins got hit the hardest. Alts will lose value when BTC is volatile, in either direction. So it's important to balance the ratio of your holdings across BTC, alts and stables at certain times in the market.
I pay attention to Bitcoin dominance more so for my spot holdings. For my trading account, every asset is simply a method of making a profit on percentage gains.
So whether I'm trading BTC, ETH or alts - it doesn't matter as much.
But for spot holdings, I generally want to cycle my ALT:BTC or ALT:USD holdings.
When BTC.D is at support, I want to hold less alts.
When BTC.D is at resistance, I want to load up on alts.
temporary dominance consolidationfirst ew chart. expecting btc dominance consolidation while speculators partially moving funds to alts as a part of the manipulation. once the btc market is ready and expecting it to be somewhere in august or mid september, smart money is about to get back into btc and fuel it to new aths. additionaly ltc could make some gains due to it's price lows, low transaction fees (unlike btc at the moment) and MW related hype. MW is not a huge thing, realising that and functions that xmr does better - it is possible that a transfer of funds from ltc to xmr might happen at some time this year. btc comeback will be fast and unexpected leaving speculators locked in alts. ride safe.