BTC.D trade ideas
BTC dominance at trend supportBTC dominance at trend support , Breaking this will push Alts up and an Alt season can be expected...
BTC Dominance on 16-07-2019Here is the BTC dominance graph.
Currently its at 69.31%.
Todays highest dominance was 69.78%
The highest on 6th Dec 2017 was 69.99% and from there it dumped for almost 50%.
But this time,case is different.
BTC seems to be breaking the level of 70%. If we break that level and if we close above 70%,then we will be moving towards 75% dominance which means there will be more blood on the streets.
Unless BTC dominance comes down,its better to stay out of alts.
Stay safe.
Cheers!!!
How to ride BTC rally? When to move money from BTC to ALTS?MICRO TRENTS:
BTC.D is currently forming an ascending triangle.One thing most of the people didn't realize is that during the ascending triangle(this week) $BTC.D tested previous strong resistance. And now it is ready to be launched. My prediction is that It's going to break the ascending triangle and move towards first resistance line. Around $16,500, and then it might retest BTC trend line around $11500 (market will be very volatile at this point)
Will add more after fulfilling given targets..
MACRO TRENDS:
Blue lines are the resistance lines/rays, derived from 2017 bull run - Can be seen as the starting points.
Watch out for these lines, will create a good shorting opportunity.
- First line is at 69.90% Dominance
- Second line is at 77.43% Dominance
Future prediction on when to get the money out of ALTS:
When $BTC dominance hits yellow line or breaks yellow line then it means that the ALT season is over. Time to covert investment back to $btc (with stop-loss) or $USDT to be safe
