Still watching this very important chart. It has now hit the 62 level I previously mentioned. Could have a breather here. Next potential resistance area above is 66. A break below 57-58 would be a more significant sign of a trend change and could be the signal that alt season is upon us. Until this chart reverses trend, playing in alts and trying to catch the...
We have all watched Bitcoin rocket and Alts deteriorate.
Alts have been dropping not just against BTC but USD also.
Many have hit new All Time Lows, with very little bounce.
We all know that there are way too many "me-too" coins.
Sure some of them are great Concepts with good Teams.
But are there really 1000's of ways to use the Blockchain?
We also know the...
BTC has over 60% of the market cap of all crypto currenicies combined.
That's a huge predictor of the incoming alt season.
Since positions on coinmaketcap are still being established, it's hard to predict in which currenices the flow btc will go.
There are numerous interesting projects.
Probably this time as well, the projects with the best marketing will get...
I expect altcoins to grow in the coming weeks, because if the total market cap keeps the same, more money will flow into altcoins.
The bitcoin dominance has no pattern to fulfill anymore, so it is very likely it goes into an correction.
So far in weekly chart it's looking very bullish.. price action above Parabolic Sar dot indicate a bullish trend is in progress
if it's break 62%
expect a 68% become a next resistance.
On Daily Chart it's looking bullish though the parabolic sar dot is closing in the candle in a tight range + it's in a resistance area 62 %.
a huge risk to trend shifting...
AS you it is is btc dominance and it is not have any resistance till 68% so we will see more upside in btc and more downside in alts. but as soon as it touch fib. levels then the alts starting to move and this time alts going crazy.
guys fill your beg with alts and set a bid of -10% of current price for buying
$ALT Season in the making? - Just watch Bitcoin dominance
Bitcoin dominance dropped 10% to 14% during the monster altcoin runs in 2018
My strategy for buying altcoins is to watch the charts for BTC dominance % to pullback
An alt rally could push BTC % back down near 50%+/-
CRYPTOCAP:BTC.D turns bullish the first time. Why does it matter?
One thing everyone should be aware of is the fact, that during the last bull market, the Bitcoin market share dropped from 95% to 30% and now for the first time the time series analysis shows bullish signals in the long term trend. Does this go against the masses? I bet it does.
Opinions might...
further upside indicated inverse head and shoulders on the weekly could top out at 68%! BTC pairs will get rekt, however it will be hell of an altseason soon!
