Cryptoindex
Bitcoin Dominance - Technical saying down...Look's like Alt-Season after all. Well, let's not get ahead of ourselves but let us be realistic. And if we can being realistic is the best thing we can do. BTC dominance coming down is good for the alt-coins to bring back some of those satoshi's and some great trading opportunities.
I'd wait...
NASDAQ and CryptoindexAs you can see on the comparison chart of Cryptoindex and the NASDAQ. The cryptocurrency market is practically no different from the market of traditional classical instruments.
On the chart, one can see the moment when Bitcoin did not meet expectations of growth and went down. This can also be seen on the chart.
We will follow the charts of traditional classical instruments and again wait for a general correction.
Cryptoindex correction?Hello, our dear community!
The trend that follows the last days tells us that in the near future it will be a quite possible price correlation.
The CryptoIndex also tell us the same on the 30 day period run.
Now the Bitcoin rate is fixed at $9200 and stably stays at this level. It is not yet possible to overcome the threshold of $10,000 if whales do not raise the price on any exchange.
The hottest news from Libra and launching of TON will also help direct growth upwards, which may appear on the index chart.
Simple index chart: Interesting way to look at crypto chartsI was looking at different index charts we can construct thanks to Tradingview, since a few days ago a client shared a few of these charts, and I liked how plotting LTC, ETH, BTC and DASH looked (multiplied by the supply, to get the market cap values). We have a clear bottom at support in this chart, and we can see that the market caps of all these coins can go up from here onwards, reaching the target on chart, as crazy as it may seem.
Best of luck!
Cheers,
Ivan Labrie.