Is BTC's Dominance about to give up gains to Alt-coins

By Conortrades1 | conortrades | 3 weeks ago

$0.94 tipped


Hello traders and crypto Family;

 

                  From the overall Crypto market excluding BTC you can see that the Altcoin Dominance it is clearing increasing slowly but it is increasing none the less. Alt- season will start i think by the End of November. We will have a clear Direction for BTC and Altcoins by the End of November 2019.

 

Not forgetting that we are about to come into a Economic Mind field which is about to explode anytime soon with Deutche Bank leading the way.

But for now i will concentrate on BTC and Alt-coin Season. And then give a small TA on XRp at the End of this Document.

 

 

Btc's Dominance on the 9th of September was 69.9% and a Market cap of 240 bill.

 

The BTC dominance has falling from 69.9% by 3,6% to 66.3% since the 9th September 2019.351665157-13e18a2cf909bd75e37ff2c88ce09b4ca029e40dbadece37cb730ff62607f559.png

 

The BTC dominance has falling from 69.9% by 3,6% to 66.3%  9th September 2019

351665157-ac1209598205763860d704818ce15deba15e0633dd88f6875c36b45d64821db7.png

 

 

The BTC dominance has falling from 69.9% by 3,6% to 66.3%    9th September 2019

351665157-802ecd088ec2b928409436ee32b6fff42df3916a9db1e7fbf894399507920f72.png

The BTC Dominance Chart has put in a Double Top Trend Reversal pattern and is beginning its fall from Grace. It’s about time, I think. But is it going to continue? We will Know by the End of November which way the trend is going to go. Are we going to continue our down trend in the Alts or is Alt-season going to Change its direction? Can the Bulls knock the bears off their pearch? As seen on my previous charts I have written about the Altcoins chart excluding BTC look it up and read it Also. It will explain the rest more clearly.

The BTC dominance has falling from 69.9% by 3,6% to 66.3% since the 9th September 2019.

 

Alt-Season is it coming? See my other article on AtlCoins Excluding BTC chart Ananlysis i did a few weeks ago on Publih0x

see precious articles.

 

XRP?BTC is coming right now to a very strong and major major Support/Resistance line in its History.

If we bounce of this line it will be hard and we will change trend direction very quickly in coming weeks to months.

But if this line does not hold we will fall threw it also hard to new All year lows.

My Educational guess would be by the end of November we will Know the BTC and Altcoins direction.

351665157-06d773689fab2259000f43b4628f1a7b5d6b605b396d224ce820365f825f6b43.gif

 

 

351665157-5e684ff41cf2fa8d2f3bd182a8fe03dcb0d1f9694725301e4c8df1964e11debc.gif

On the XRP/Eur chart it has been consolidating nicely inside a tight range for more than two weeks and is Ready for a break out.

Highest probability for me is a Breakout to the upside in coming weeks.

But if this line does not hold we have further down side before this trend has finshed.

 

Conclusion

351665157-2abf7f81032c8ba055ba655792c8fa15eeea311a61ee7229ecdf212e97f68a6d.gif


Conortrades1
Conortrades1

I have been in the Telecoms and digital securities industry for more than 15 years and i have been trading in Stocks, and forex for 24 year plus and crypto the last 3 years. I have tool box of trading skills and my goal is to make trading simple for all


conortrades
conortrades

I have been an Engineer in the Telecoms and digital securities idustries for more than 15 years and i have been trading stocks and forex for over 20 years and trading Digital assets for more than 3 years.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.