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Btcdominanceanalysis

Massive BTC dominance drop in the coming days?1Bitcoins dominance has been falling for weeks now and is approaching a critical support level at 50%, we have tested and bounced off once already and i believe in the coming days or week we could see a breakthrough and ultimately continue falling! When we do breakthrough this level itll be turned into heavy resistance and i think we will see another gradual fall all the way to 40%, depending if BTC dumps with its dominance we could see a big market pulldown and then Altcoins will start to boom like crazy. Remember the peak of the 2018 altseason BTCs dominance touched aprx. 35% before heading back up for a recovery. Definitely keep an eye on the bollinger bands, as you can see we have been riding the bottom band which is super bearish and ill be looking to see if that continues. Aswell as watching the bollinger bands on BTCUSD we are getting very close to the bottom band and if we start riding it a fall will be imminent, NFA just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC DOMINANCE GOING EVEN LOWER!?Bitcoins dominance has been on a continuous fall and we are now approaching the 50% dominance level! I think we could see a bit of a hold or bounce here in the short term but i think the continued fall is inevitable, we could see a fall to the 40% and then finally the 35% level. The 35% level was the absolute peak of the 2018 altseason and IMO i think this years going to be a even bigger and better altseason that we are just getting started. It is very impressive to see for the most part bitcoins price has been going opposite to the dominance! We are getting very heavy pushdown from both the EMA ribbons and the ichimoku cloud, the ribbons look like they are starting to open up even more creating more bearish pressure. We are seeing a very bearish cross on the Zero Lag MACD, Our orange has just crossed the blue and the Red MA is starting to come down fast. The histogram has printed a bearish bar and IMO i think we could see this continue for the next several days! My personal opinion for timeline for altseason and aprx from today is 2-3 months. NFA!
CRYPTOCAP:BTC.DShort
by JacobR905
4
BTC dominance fakeout or more downside?! *In relation to my last post* BTC dominance has held up below our long term 57% level which is historically one of bitcoins strongest dominance levels. I see this playing out in two different scenarios, First i think the continued fall is inevitable but we could either see a fakeout for right now and see at some point a climb back up above 57% maxing out imo at 60% Dominance and then continue to fall and once again break the 57% level and continuing down for a big altseason. Or we don't see a fakeout happen and we just continue in the downtrend we are in. We have two more strong major levels of support which i think we will see bounces off of the first time we reach them, 50% dominance and 40%. After that we have the 35% level which was the exact peak of the 2018 altseason, I think we could see BTCS dominance could reach here again by the end of the year resulting imo the most explosive altseason yet. Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
6