Btcdom
BTC Dominance (Prj.Y19.P2.E16).To drop furtherAs per Chart (3D), the bearish formation is taking place and it reciprocates the bearish tone of BTC.
For now, I see the 1st target in the 66% range, as per chart.
This could represent the next level of BTC in the 6K's.
The RSI also supports the Bearish tone in the BTC Dom.
SHORT BTC DOMIts weakening on the 4hr chart and momentum is beginning to shift at this time. Close out all hedges secondary to decreased probability for a long out come and an evolved market structure. Maybe it will be a marry Christmas. One never knows but Short term it is looking rather weak.
God Speed Gents,
Mr. Manbearpig
BTC Dominance (Prj.Y19.P2.E13).Momentum for going upIt seems BTC oversold conditions on the daily RSI has given the market for now a push to the upside.
This can also mean that the ALTs have completed their run as you can observe on many ALTs that they have hit a key resistance level.
I'm expect BTC to gain more ground in the (short) term.
Please give a thumbs up or a like if you agree or appreciate the chart and commentary.
Regards,
S.Sari /CryptoProspa
Weekly Bitcoin Dominance (Oct 27) Big Crash is coming ? Careful!#BTC $BTC #XBT $XBT #DOM $DOM #BEAR #BEARISH
Once again, we have a coincidence of timing in the price charts. It seems that we are really about to enter a really BIG BEARISH phase when :
- BTC is likely to drop to 6000$ in Jan-01 2020
- BTC Dominance is also analyzed to peak 77% on Jan-01 2020
My analysis will be broken if BTC rises above 12500$ and BTC Dominance falls to 66%. We will have a completely different analysis
However, when everything is about the same time, it's time for us to really worry
Translate : tinyurl.com
LONG BTCDOMTook long enough to get to this point but it makes sense because the beginning of the week needs to start weak to it may end strong thus making it easier for market makers to hold the candles where they need them to be to manufacture price action of ALTBTC pairs.
God Speed Gents,
Mr. Manbearpig
Just in Case Strategy Ill add to my position at the top of the channel. Lets see what happens.. going to bed and placing my stop as indicated not risking more than 35$ to see if that plays out well. All the edges are there just need to watch the dominance chart start weak to it can end nice and strong or just keep pushing forward with all the momentum it has been having.
With this strategy its not quite a martingale strategy because I already know at what point Im going to throw in the towel on this trade instead of endlessly adding to a losing position. After a certain point things become unclear which is what our stop loss is for. Granted this bounce will add more risk to the overall trade but with careful maneuvering it can be pulled off with a higher profit than previously suggested... Im willing to risk 35$ USD to find out.
God Speed Self,
Mr. Manbearpig
BTC Dominance (Prj.Y19.P2.E1).Ever so close to a reversalWe can observe the following:
a) Falling Wedge
b) On the DAILY, a BULLISH DIV. (indicated on the RSI with the black line)
c) On the 4 HRLY, a BULLISH DIV. (indicated on the RSI with the black line)
d) Support line indicated by the RED Section.
Thoughts:
BTC might do a move on the upside and hence people are flipping back to BTC as you can note many ALTs have recently done a good increase against BTC, some reaching or going beyond a known resistance.
DAILY Chart
Previous post
SHORT DOM LONG ALTS USDBearish Continuation Dominance has been confirmed which means that ALTS will move up against BTC however at the same time BTC is showing strength at these levels and we may not see the dump to 7300 manifest secondary to alot of hype that is being pumped everywhere. Ive also seen alot of crazy price action which suggests that there might be some whales either defending the 8000-7900 mark or accumulating. It is for this reason that I am going to start looking for ALTUSD pairs to go long with. Not a bad week so far.. Lets keep this gravy train moving. And remember, when markets conditions change so too much you.
God Speed,
Mr. Manbearpig
A CASE FOR LONG BTCDOMThe more I look at how slow this dump was the more I am beginning to think that we may actually see 80%. This is only a posibility IF there is no SHARP dump soon and QUICK. Which is unlikely because the 4hr and dailey charts are already over extended and are starting to hit slightly below strong areas of confluence. I speculate that the dump below the 535EMA may have been a fakeout breakout. It is possible that we are going to see MUCH MUCH MUCH higher prices in the coming months for Bitcoin however if the dominance does visit 80% then the alts which remain somewhat flat relative to dollar terms. All this being said I still believe that Bitcoin and ALTBTC pairs will dump in tandem with one another. I expect there to be a fast flash almost to 7300 is area if not a resettling around that area while it makes proper market structure. This is why it will pay off in the short term to short ALTUSD pairs for the next day or so. I will be looking for strength in BTCUSD along the way and will switch to holding BTC then use that as margin to short the BTCALT pairs. Anyway... watch for the ICO investors to start shitting themselves.lol
God Speed Gents,
Mr. Manbearpig
The Market Cap BTC Dominance has hit the strong resistanceThe Market Cap BTC Dominance has hit the resistance at 72.83 which is not broken since July 2017 and likely to fail in breaking out.
Volume profile since july 2017 upto now is showing less interest of traders at resistance level.
The RSI is overbought.
Stochastic has given bear cross from overbought zone.
MACD turned strong bearish.
Lagging span of ichimoku cloud is also moving down and we have a cloud support almost at 61.35.
And we have a strong price level support at 53.17 which is not broken since Sep 2018.
Volume profile since july 2017 upto now is showing less interest of traders below this support level.
If the price action may fails to breakdown the cloud support then we might have a sideways trend and during this we may enjoy the altcoins season but the real altcoin season depends on breaking down this ichimoku bullish could support and then 53.17 level support.
So Now the fear factor in trading altcoins should be decreased if you are trading altcoins with right strategy then Bitcoin cannot ruin your party it does't matter BTC price moves up or down unless the BTC.D does not take bounce form the support or the indicators again turn bullish.
This is the right time to trade the alts without fear.
Regards,
Atif Akbar (moon333)
DOM SHORTLooks like there is a clear rejection off of the 535EMA which also has confluence with other resistance that took several days to break on the way down. I think this little bounce in the dominance chart is jist about done. I closed out my EOS short with a 3% profit. Now its time to look for some long set ups.
BTC Dominance (June 19) #BTC $BTCBTC Dominance is on a downtrend to 57.34%, down nearly 4%, expected to hit the bottom on 27 JUne, which is almost 10 days from now
With this reduction, this is a great opportunity for Altcoin to increase strongly to 30-50%. Quickly buy Altcoins according to my signals so as not to miss this opportunity
However, everything is possible, if BTC Dom returns to its recent peak at 60.19%, this will again be a new Dom increase for BTC. And of course, this will be a nightmare for Altcoins