Altcoinsvsbtc
BTC.D50 & 100 EMA have crossed the 200 ema bearish RSI has more room to push maybe 8900 BTC B4 the next pump and alts boom
Bitcoin Dominance & Altcoins UpdateI was looking at bitcoin dominance today with respect to the altcoins. As cryptocurrency traders, we trade with respect to bitcoin not USD, what we want in the end is more and more Sats. So, here i see few bearish signals which is showing us to move into altcoins on bigger timeframe, as it is time to gain more sats than usd:
1. If we count the wave structure, it is showing that the correction wave is completed so we can start looking for other impulse to the downside.
2. Rising wedge which is a bearish pattern in between the green and red lines, and it is exiting from that wedge pattern to the downside.
3. The blue trend line which is acting as new resistance now.
4. The mirror zone at 67.4 on the chart and currently it is below that, mirror zone can act as trend changing zones.
We remain bearish in BTC.D for now and bullish on alts, but we always remain active to be wrong anytime and to correct ourselves with the market. If any of the above signs or few of them starts to change we will change our decision and move into the bitcoin to maintain our sats.
Happy Trading.
BTC.DDominance looks ready to dump which should lift Altcoins and help my EOS trade. I lowered my TP on EOS to $3.40. This move looks like it will be quick, so I want to trap in the profits
#VITE/BTC looks promising 28% potential ProfitHello guys VITE Brokeout of the resistance trendline with double bottom and H&S patterns.
Started making higher highs which means it shows the reversal in Trend.
ALTS with strong fundamentals do good because of HYPE.
Mainnet has been announced on MAY 27 we can look for 28% potential profit within the next 1 week
ENTRY: 127 to 133
TARGETS:
139
148
154
163
STOP LOSS: 121.
Risk reward: 1:4
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Bitcoin Dominance Testing Key Support Right Now!If you zoom out on the bitcoin dominance chart (BTC.D) you'll see the importance of this searing hot white trendline — and the markets are battling once again for direction. There is a possible double top (indicated by the hammers) and price is resting above cloud on the 6 hour chart. A push below the trendline and into the cloud signals a drop in bitcoin dominance. Which means an alt coin rally could be soon.
Altcoins performed better after the last Halving than BTC/USDDuring the next days after the last halving the Alts market cap more than doubled and BItcoin's dominance dropped quite a bit. It will be interesting to see what happens this year though it seems that the interaction has changed with altcoins and Bitcoin been more correlated perhaps due to the larger FIAT pools with stable coins. In 2016 most altcoins had to be adquired via Bitcoin (ETH/BTC, XRP/BTC, LTC/BTC, etc) and this year this is not the case anymore since there are many altcoins paired with stablecoins.
Bitcoin Still Stronger Than AltsSince January 22018 Bitcoin has outperformed altcoins, it doesn't look like it wants to stop, target 73% dominance
Digibyte/Bitcoin Slaying the Chart! DGB/BTCAddressing the potential for an extended 5th wave and further upside from the DGB/BTC pairing. Here is a quick Elliott Wave count and invalidation point as to when we will fail to see further upside by dropping under 218 satoshi's. The argument for the extended 5th wave is that it appears to be a 1,2,1,2 scenario in the macro wave 5 and also the wave 3 if it's not extended just measures 1:1 ratio as wave 1 which gives a strong argument that its the shortest wave or too short to be a 3rd wave.
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Best of luck!
ETHBased off my strong USD DXY chart I feel that Bitcoin & altcoins r due for a larger correction & that this will be the end of these wild moves in eth from pumping to $200 then back below $100
for now, and that $ETH and cryptocurrencies should all kinda slow grind back up into EOY and we start another multi year bull market.
I am going to buy this dip around $90 for long term hold this coin.
#ALGOBTC.. IF IT IS NOT NOW, WHEN? I think there is no need to say much for #ALGOBTC, ALGO should act against Bitcoin soon..
Although there is no signal about returning from the bottom up yet, I think Bitcoin will bind to bed for a while and there may be opportunities in some altcoins, we will wait and see .. You can find important levels in the chart ..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
XRPGood morning Fam, took a swing long on $XRP here guys, looking for .285c entered at .208c yesterday. Should get there this week
ETHETH bulls out in full force on my CT feed since $ETH broke out of the 4H triangle I had posted couple days ago. But I think there is much more pain ahead B4 ETH can get some real bullish momentum.
SOLANA - "ETHEREUM KILLER"Binance has just added SOLANA (SOL) .
Share your thought in the comments below and let's see how far it can go.
HEDERA ACCUMULATINGHeavy accumulation. Let's see where we go this time.
Personally looking for a long-term investment here.
