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Dominancebtc

Bitcoin vs AltcoinsHello, Traders! Monfex is at your service and today we overview BTC Dominance. Turning point? We are located near the resistance line. Will it hold on? Very likely. The market firmly pushed off the resistance line! Target zone ~ 66,50 %, it's our support line, good trading volume support zone. By RSI we have a strong bearish divergence with price. Indicator Alligator looks like soon it will go down, give us short signal. Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
CRYPTOCAP:BTC.DShort
by Monfex_UK
SKY vs BTC.DSkycoin is consistently ranked as one of the most actively developed projects. After a few rough months, it seems that a new trend is trying to start. As BTC dominance fell from the 72-35 range back into the high 60s, Skycoin price seems to have stabilized in an accumulation zone. Since there was a lot of mention of development, I setup github & started watching the repos closely. Skycoin has a lot of public repos and there is a lot of information to review in there. By primarily watching the code, it became clear that throughout the process, development continued. It may have sped up as the reorg was focused on creating organizational efficiencies. Highlighted in the grey boxes are times when Sky pumped when dominance was falling. Green lines shows the next few levels of resistance on the way up if the project gets traction it seems to be getting. Purple line is the potential trend reversal for BTC.D in conjunction with the stabilization of skycoin price level.
SLong
by patternrcg
1
BTC Dominance Update - Bitcoin Topped OutAn update from my last Bitcoin dominance idea, where I called out the dominance would top out in September then start to gradually fall before alt season. I say this with confidence, I don't see bitcoin going any higher than 74% dominance. In September it topped a little over 73% and has failed over and over again to break that. A lot of people are calling 90% dominance, and I just gotta say you're delusional. The daily hold at 69.92% was the absolute top before the 2017 'Altcoin season'. For those of you that look at other charts besides Bitcoin, this chart looks exactly like the DOW and the S&P, both failing to trend higher and are at a calm before they hit the fan. Just look at the chart, it could barely hold its own above the daily, and now it broke it's longterm uptrend stending from the beginning of this dominance bull market. My prediction is the Dominance will continue to struggle to hold this level, and even test the bottom of the uptrend before it really starts to fall. From there, it history will repeat and there will be another altcoin season. Taking a look at all of the altcoins, they have all slowly and steadily gained satoshi value against the bitcoin in the recent month. This will continue happening and we will be in altcoin season before we know it. I'm not saying Bitcoin is going to tank in price, to be honest this month I believe price will do exceptionally well, but the altcoins will outperform it. Q4 has historically been very good to Bitcoin. Let me know your thoughts, and enjoy the Halloween themed candles. As always do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.DShort
by kyer
Dom Bounce Short term bounce before the dump at the end of tomorrow. The tragectory is indicated on the chart. Alts to suffer in the coming hours from this bounce. Im going to try to short the dominance chart with alts sometime tomorrow after this bounce to get in lower. Im not going long but I am going to hold out to get in at roughly the top of this channel with a snall position open the XRPBTC long just in case it just hovers sideways untill the eventual drop. Stay safe out there kids... and God speed. Mr. Manbearpig
CRYPTOCAP:BTC.DLong
by MrLucifer7
BTC Dominance today analysis, 190921. Start to fall.Hello my friends. It's Crypto Ranger K. I cannot post until day after tomorrow. So I leave an analysis article at dawn. I don't think BTC dominance will rise for quite a while. The above chart is a 3 week BTC Dominance chart. If you look at the MACD histogram first, you can see that it forms two arches, both falling and rising. Especially during the period when the MACD histogram is forming a second arch, we often see the price drop once again or rise higher. Again, the MACD histogram has formed two arches, and if the trend continues to decline as it is now between September 16 and October 7, we expect to see a fairly long decline. The trading volume graph is also decreasing, so I have to weigh the decline in BTC dominance. I expect the bottom of this drop to be 57%. And the recent charts of Alts show that the decline in BTC dominance leads to the rise of Alts, so I think it's better to focus on Alts than BTC in the future.
CRYPTOCAP:BTC.DShort
by Crypto_Ranger_K
Bitcoin dominance looking weak. Altcoin party on the way..The Bitcoin dominance chart is looking very weak. - We had a longterm BIG bearish divergence on the daily building on the recent move up. - Higher timeframes (2D+) looking like a rising wedge. - The divergence is close to playing out in a downward move. - We see a kumo breakdown on the 4H (pssst, my body is ready.) This could be THE spot where crypto markets get very volatile. The big question is: What does this comming breakdown on BTC Dominance mean for the crypto market as a whole? It could mean: - BTC breaks down from its meme descending triangle, which will cause dominance to drop. This would mean total BTC cap drops relatively faster than the altcoin cap. - BTC breaks down from its meme descending triangle and the total altcoin market will pump > This means dominance will break down faster than in my first example. - BTC goes sideways or pumps AND total altcoin market will pump / pump harder than BTC. If we look at the Altcoin market cap/BTC chart (not included) we see that MAJOR support is upcomming in the form of a diagonal and horizontal support that cross eachothers paths. My guess is, that this support OR the 61.8% fib level (another 18% drop on total altcap) on that chart will mark the reversal in the trend of the total altcoin market. Conclusion: Matching the altcoin market cap with the bitcoin dominance chart suggests that a big altcoin market move is comming up: Short the corn, Long the bluechip alts like ETH, LTC, XRP, EOS and ADA. Good luck!
CRYPTOCAP:BTC.D
by Pumpcat
3