On the% chart, bitcoin prevails in the cryptocurrency market. I followed a little over a year. All the key movements during this time I predicted. This percentage of bitcoin dominance is very much related to the transfer of altcoins.
Each minor correction and decline in dominance is accompanied by a shot on average 30-50% of altcoins. Some overt fraudulent...
We're under the 200day MA so it's not looking good for BTC dominance.
Also broken long-term trend-line
Looks like a descending triangle is forming for BTC .D. If this completes, I can see it stopping at 50 in 6 months and then reversing, and then the main BTC bull market will start.
$BTC.D update.aucune confirmation bullish sur la weekly time frame avec ichimoku. echec sur resistance donc je m'attend a la poursuite du crash pour la dominance en faveur des Alts pour les prochaines semaines.
Lower highs forming a trend line that has been bounced off quite severely, also backed up by a bounce off the 30MA. Could see a drop to 100MA which may give support as it has in the past.
Definitely overdue for a pullback
BTC is about to lose dominance in the crypto sphere which suggests a ALT coin burst
Currently hanging on by a thread. 60% first target. 50% thereafter and if no support is found at 50% looking as low as 30-20%
Bitcoin dominance chart by market capitalization. You probably noticed that over the past month, many violas went to growth by a large percentage. This can be seen in my trading ideas for some altcoins. Maybe it's not casual?
At the moment, we see that the dominance of bitcoin over other assets is still in an uptrend. % BTC dominance came very close to the...
Monfex is at your service and today we overview Bitcoin Dominance.
Bitcoin's dominance has grown slightly over the past couple of days by bullish div on RSI, but we see that Altcoins on its support levels and on the domination chart BTC has come close to the resistance:
the resistance line of the descending channel
Monfex is at your service and today we overview BTC Dominance with ETH/USD LTCUSD EOSUSD XRPUSD.
We see how altcoins grow stronger on the chart of BTC domination, but what really happens ?
Short Coin's review:
A more bullish scenario, but Ripple is approaching to the line of resistance on the daily chart ~ $ 0,28 .
Monfex is at your service and today we overview BTC Dominance.
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.
Last time on the 9th of december 2017, BTC dominance was at 70% This was followed by a sharp decline.
The following 30 days caused a rally in ETH and the alt coins as money was flowwing from bitcoin, into the alt coins.
We have also completed a 5 wave drive pattern so i expect some corrections to follow, especially because this is a very strong resistance...