SUMMARY : Bullish for Altcoins, BTC is now in a consolidation period (see link below) . Expect some resistance at the 50% level to persist.
-- Technical --
Bitcoin share of total market (dominance) is dropping to All Time Lows ( ATL ) and at this point money will flood into the Alt coin markets driving massive positive price action - ultra bullish for Alt coins.
We have a head and shoulders pattern on the 1W time scale (powerful signal) - super bullish .
Based on previous 17/18 fractals we could see BTC dominance drop to as low as 40-45%, will be equivalent to an extra USD250 billion flowing into Alt coins - ultra bullish
1W MACD is show increase momentum to the down side - bullish for Alt coins
IMPORTANT : BTC .D is best read on a 1 week time scale to remove now
-- Fundamentals --
After the sharp correction (BTC steep 15k correction link below) a sharp sell off on Alts occurred, with drops as much as 40% for many top alt coins.
We are starting to see inflows of funds return and the TOTAL2 market cap (exc. BTC) trade back up to its ATH level.
$$$ Happy Bull Market come Alts season $$$
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
SO: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
*Not financial advice and is for educational purposes only. Always DYOR.
-- Technical --
Bitcoin share of total market (dominance) is dropping to All Time Lows ( ATL ) and at this point money will flood into the Alt coin markets driving massive positive price action - ultra bullish for Alt coins.
We have a head and shoulders pattern on the 1W time scale (powerful signal) - super bullish .
Based on previous 17/18 fractals we could see BTC dominance drop to as low as 40-45%, will be equivalent to an extra USD250 billion flowing into Alt coins - ultra bullish
1W MACD is show increase momentum to the down side - bullish for Alt coins
IMPORTANT : BTC .D is best read on a 1 week time scale to remove now
-- Fundamentals --
After the sharp correction (BTC steep 15k correction link below) a sharp sell off on Alts occurred, with drops as much as 40% for many top alt coins.
We are starting to see inflows of funds return and the TOTAL2 market cap (exc. BTC) trade back up to its ATH level.
$$$ Happy Bull Market come Alts season $$$
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
SO: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
*Not financial advice and is for educational purposes only. Always DYOR.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.