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Btc-dominance

Bitcoin is healing from the over speculation of Alts-Market recently over speculated on alts by greed and lack of understanding the nature of what a cryptocurrency is (2017) -It damaged Bitcoin and severely lowered its market dominance -Market seems to be readjusting the natural Bitcoin dominance -Alts could have plenty more downside remaining, Bitcoin probably has a lot of juice remaining -Punishment of the over greed and over speculative nature of alts, that attracted throngs of average joes -If you think useless shitcoins having a hundred Million $ marketcap is normal, you will be trapped again -Reverse = Alts/Btc bubble bursting -Bear in mind that some alts are more resistant/stronger than some others, please do your own research -Bitcoin is a strong nascent asset that punishes over bearish behaviour since 2010: wether people short it heavily, wether people over buy alts hoping to make money VS Bitcoin or even Usd, are punished. Ciao!
CRYPTOCAP:BTC.D
by Giovi6969
4
Bitcoin Dominance Back to 50% is ImminentMost are now are all in Bitcoin, especially considering BTC.D growth. This is market panic, which does result in a lot of money being moved from alts to Bitcoin. But this is exactly when smart money goes in. The market pshycology tells me, that this is perfect time for BTC.D to start reversing. Nevertheless, the it could be too early for the Alt Season to start. I'd expect it to BEGIN at the end of this year.... or, to END by the end of this year. Soon we'll find out, but I am holding my alts long term. Now you might ask why BTC will lose so much dominance. Well, BTC is a store of value, a long term "GOLD" investment. But, blockchain continues to develop with mass adoption on its' way. This will stimulate the growth of other chains and capital will be slowly distributed. People don't like to keep all eggs in one basket, even if this is a basket of Gold. They will buy Silver, Diamonds, Property etc simply to diversify.
CRYPTOCAP:BTC.DShort
by CryptoPAMM
19
Bitcoin Dominance Bullish. Alt season or Altpocolypse?I keep trying to warn people and have said since April there is no alt season yet. This is the only chart you need to watch. It is the playbook for alt season. Right now do not fight the trend. Alts can drop another 50%+. Btc dominance made the 67 level resistance into support, which is very bullish. It may not be a straight line, but I see no reason why dominance cannot run to 75-80. Imagine what this will do to alts. Imagine btc hitting new all time highs and most being stuck with worthless bags of alts. The trend is your friend. Until we see this chart reverse, anyone playing in the majority or alts is just gambling. Btc is flexing its muscle and only when btc is done its run and cooling off, will money start to flow back into some of the alts that do not die. Don't get rekt and try and catch a falling knife. Watch this chart for reversal pattern. Until then stick to the king bitcoin.
CRYPTOCAP:BTC.DLong
by CoinsightGhost
Bitcoin Dominance Chart Where We'll Go Next (BTC/DOMINANCE)Hello Everyone, Ye Bitcoin dominance ka chart hai hai parallel channel aapko dikhayi dega jo ki uptrend me hai kafi time se and resistance line ko strongly break bhi kiya tha but 12 hour chart me agar aap dekhe to reversal candle aapko dikhayi degi, It means correction aane wali hai Btc dominance chart me and agar aap RSI indicator use karenge to hame yaha par bearish divergence bhi show hoga jo indication de raha hai Btc dominance decrease hone ka, Agar yaha se price decrease hota hai to jaldi hi hum Altcoins ke price me ek achha move dekhenge so wait and watch. Our success previous analysis:
CRYPTOCAP:BTC.D
by globalrashid
BTC Dominance to 70%?If not 70%, watch out for 67.42% Time frame July 11-14 BTC.D seems to be marching towards the 70 to 71% threshold. That's higher than I expected and the next fib lines are 80 to 82% BTC.D (but this could be a 5th wave target?) This current next wave in BTC.D is driven by, what else, trade war tensions. Most recently Washington approved the sale of $2B in weapons to Taiwan and that's really pissed off the Chinese Communist. (For those unaware, Taiwan is essentially the pre communist Chinese government. in exile. These are the people who were defeated and fled the mainland when the communist took China by force. The Chinese Communist Party is very adamant other nations, especially the US, adhere to the "one china" policy, which essentially means nobody acknowledges the Taiwan nation state. They sort of have a pesky claim to the Chinese "throne") Anyhow... Using Fibonacci, we can come up with a target dominance of approximately 70% The advancement is measured by taking the bottom and the top. The bottom is measured at the lowest wick down. See April 5th. From there place your "1" line to the peak of that first mini wave on April 11th and notice how this predicted future local caps. Place your other "1" at the top of the completed wave 1 on May 14th for the larger wave pattern. 70% BTC.D corresponds with the 1.618 advancement of the full wave and the 5.618 advancement of the initial mini wave. As mentioned above, the next Fib target is 80 to 82%. The people who say 90%, I would ask what their basis for that is. Not a fun time to be holding alt coins either way.
CRYPTOCAP:BTC.D
by jdharward