BTC Dominance Trends

2019年3月9日

For the last 200 days a descending triangle is consolidating and a breakout is quite imminent (we entered in the last 25% of this formation).

Breaking this formation on the downside should trigger another Alts season, breaking on the upside may trigger further lower lows for alts and probably also BTC.

Total Market Cap Patterns:

https://cryptok.eu

2019年3月17日

ノート

BTC Dominance descending triangle is breaking out but we still need confirmations, the sooner better.

2019年3月23日

ノート

We keep testing this break with some volatility but probably not for much longer. We most likely have a decision in the next week or two. Btw, in my opinion, BTC Dominance is just slowly confirming the break.

We also have many breakouts just “around the corner”, everything seems ready for a nice Bull Run (pushing BTC between 4.7k/5.4k) followed by a stronger pullback (maybe to 3.5k again) because many will jump in late and panic sell again. Always the same making the same mistake over and over but who knows… let’s keep watching this resistances…

2019年3月30日

ノート

We keep slowly moving down but at least this steady move is confirming our Alts Season. However don’t be surprised if we have an acceleration eventually in sync with a BTC breakout from the Major Resistance.

2019年3月30日

ノート

We can also confirm this Alts Season if we use the Market Cap Others Dominance. In this chart we can see how well some alts performed (not all obviously).

2019年4月16日

ノート

We should consider some adjustments or a false breakout. I will update this in the next weeks but for now I can’t say much without more price action.

2019年5月11日

ノート

BTC Dominance pump is now stronger than I would initially guess but this descending triangle and the descending channel make sense...