BTC Dominance today analysis, 190921. Start to fall.
Hello my friends. It's Crypto Ranger K.
I cannot post until day after tomorrow. So I leave an analysis article at dawn.
I don't think BTC dominance will rise for quite a while. The above chart is a 3 week BTC Dominance chart. If you look at the MACD histogram first, you can see that it forms two arches, both falling and rising. Especially during the period when the MACD histogram is forming a second arch, we often see the price drop once again or rise higher. Again, the MACD histogram has formed two arches, and if the trend continues to decline as it is now between September 16 and October 7, we expect to see a fairly long decline. The trading volume graph is also decreasing, so I have to weigh the decline in BTC dominance. I expect the bottom of this drop to be 57%. And the recent charts of Alts show that the decline in BTC dominance leads to the rise of Alts, so I think it's better to focus on Alts than BTC in the future.
I cannot post until day after tomorrow. So I leave an analysis article at dawn.
I don't think BTC dominance will rise for quite a while. The above chart is a 3 week BTC Dominance chart. If you look at the MACD histogram first, you can see that it forms two arches, both falling and rising. Especially during the period when the MACD histogram is forming a second arch, we often see the price drop once again or rise higher. Again, the MACD histogram has formed two arches, and if the trend continues to decline as it is now between September 16 and October 7, we expect to see a fairly long decline. The trading volume graph is also decreasing, so I have to weigh the decline in BTC dominance. I expect the bottom of this drop to be 57%. And the recent charts of Alts show that the decline in BTC dominance leads to the rise of Alts, so I think it's better to focus on Alts than BTC in the future.
Kommentera:
Kommentera:
This is the analysis based on the 3 week chart. In the 1-week chart, the dominance rebounds for a while. But I think this is a reaction by a sharp decline in the last few days. I expected Altcoins to be somewhat down in this rebound, and I thought the end of the drop would be near $190 for ETH. For this reason, I have sold all of my ETH.
Today I will end my analysis here.
I can't post my analysis until next Monday. However, if you see a big change in the next Monday from now on, I will post the analysis again at dawn.
I hope you all have a great weekend and continue to make big profits.
Today I will end my analysis here.
I can't post my analysis until next Monday. However, if you see a big change in the next Monday from now on, I will post the analysis again at dawn.
I hope you all have a great weekend and continue to make big profits.