Bitcoin Dominance

Altcoin Dominance by CoinTrader.Pro. A look at Bitcoin’s dominance chart suggests that such a bullish scenario for altcoins is more likely. Bitcoin dominance has been contained within an ascending parallel channel since the beginning of 2018. Since then, every time it hits the top of the channel, it retraces to the middle or the bottom.

Altcoin Dominance by CoinTrader.Pro. A look at Bitcoin’s dominance chart suggests that such a bullish scenario for altcoins is more likely. Bitcoin dominance has been contained within an ascending parallel channel since the beginning of 2018. Since then, every time it hits the top of the channel, it retraces to the middle or the bottom.

The Bitcoin dominance rate (BTCD) is trading at a long-term ascending support line that has been in place since the beginning of February. Technical indicators suggest that the BTCD will break down from this line. Ascending Bitcoin Support Line The Bitcoin dominance rate has been following an ascending support line since Feb 14. At the time of press, it was trading on top of his support.

Bitcoin Dominance Chart Courtesy of Trading View. Bitcoin dominance has become much less volatile, especially in the past year and a half. Since July 2019, dominance has basically fluctuated between 63% and 71%. Bitcoin’s recent block reward halving is likely playing a big role in pumping up the dominance and price. If the trend continues.

The Bitcoin dominance rate (BTCD) has steadily decreased alongside a descending resistance line from May 14. The price is showing short-term reversal signs, but the trend remains bearish as long as BTCD is below this line. Well-known Elliott Wave trader @TheEWguy explains that he is moving out of altcoins, because the BTC dominance rate looks likely to move upwards, at least in the short.

19.06.2020  · Bitcoin Dominance Forms Bear Flag, Hanging By A Thread On Channel Support. BTC dominance is a metric that weighs Bitcoin’s market cap against the rest of the cryptocurrency space. It not only can act as an indicator as to the health of Bitcoin and altcoins separately, but it also can be used to predict when any deviations between the two types of crypto assets are occurring. The two types of.

Bitcoin Dominance Up 10% in 2018. Bitcoin dominance measures Bitcoin’s percentage of the total cryptocurrency market share by market capitalization. The controversial index has been trending upward for most of the year and is up over 10 percent since January 2018. Bitcoin dominance has surged over the past two weeks, in particular.

Altcoin Dominance by CoinTrader.Pro. A look at Bitcoin’s dominance chart suggests that such a bullish scenario for altcoins is more likely. Bitcoin dominance has been contained within an ascending parallel channel since the beginning of 2018. Since then, every time it hits the top of the channel, it retraces to the middle or the bottom.

Bitcoin Dominance Is Making Investors Rich, Thanks to Crypto Hedge Funds May 11, 2020 at 00:01 UTC Updated May 11, 2020 at 17:57 UTC Credit: Hans Eiskonen on Unsplash

BTC dominance – a metric that weighs the entire Bitcoin market cap against other crypto assets – has been falling in recent weeks, giving many small-cap altcoins a chance in the limelight. The short-lived altcoin season could come to an abrupt end, however, according to a highly reliable indicator.

Altcoin Dominance by CoinTrader.Pro. A look at Bitcoin’s dominance chart suggests that such a bullish scenario for altcoins is more likely. Bitcoin dominance has been contained within an ascending parallel channel since the beginning of 2018. Since then, every time it hits the top of the channel, it retraces to the middle or the bottom.

Bitcoin Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin. It can help you understand the trend of BTC and alts. The most important thing about Bitcoin Dominance is that it can help you understand if altcoins are in a downtrend or uptrend against BTC.

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Bitcoin market dominance or BTC’s percentage of the total market cap may not be the best way to get an accurate picture of the market, according to new research. Market Share vs Market Dominance There are certain Bitcoin metrics that we all understand; the price, the circulating supply, the market cap.

The Bitcoin dominance rate (BTCD) is trading at a long-term ascending support line that has been in place since the beginning of February. Technical indicators suggest that the BTCD will break down from this line. Ascending Bitcoin Support Line The Bitcoin dominance rate has been following an ascending support line since Feb 14. At the time of press, it was trading on top of his support.

Fading Bitcoin Dominance Could Provide an Environment for Altcoins to Thrive. Although Bitcoin’s dominance at 67% is still relatively high, the market capitalization of altcoins seems to be steady at $82.79 Billion. In an earlier analysis of Bitcoin, popular twitter crypto trader, CryptoDude, postulated that the fading Bitcoin dominance could provide one scenario where altcoins would thrive.

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Bitcoin’s Dominance Remains Stable Around 65%; Here’s Why That May Soon Change At the time of writing, Bitcoin’s dominance over the aggregated cryptocurrency market sits at around 65%. This marks a sharp climb from yearly lows of under 60%, but a decline from highs of 68% that were set at the start of the year. The benchmark cryptocurrency’s dominance provides significant insights into.

19.06.2020  · Bitcoin Dominance Forms Bear Flag, Hanging By A Thread On Channel Support. BTC dominance is a metric that weighs Bitcoin’s market cap against the rest of the cryptocurrency space. It not only can act as an indicator as to the health of Bitcoin and altcoins separately, but it also can be used to predict when any deviations between the two types of crypto assets are occurring. The two types of.

Bitcoin (BTC) on hand to cross the 70% dominance mark before 2020 as the price stabilizes above $7,000 USD. Technical indicators signal a push to $8,000 USD as altcoins keep losing against the top cryptocurrency. Bitcoin (BTC) has had a rocky week or so, as the price dropped to $6,400 USD before unexpectedly shooting back