The Bitcoin Dominance Chart sure looks like it is getting ready to roll over...
After hitting a 2 year high of roughly 72%, the Bitcoin Dominance Chart is looking like it might be ready to start rolling over...
Check it out:
https://twitter.com/altrich/status/1172475074865172486
The last time Bitcoin was at or above these levels was March of 2017.
That was as the Bitcoin Dominance Index was just starting its plunge down to the lows of around 33%, which happened in January of 2018.
Altcoins are at a very important point on the chart
Altcoins are teetering on a very important trendline.
If this can hold, I would expect prices to shoot higher over the coming months:
(Source: https://cointelegraph.com/news/bitcoin-price-charts-aligning-with-bakkt-launch-points-to-a-big-move)
If the altcoin market were to lose that trendline, we could see a quick drop in prices as there isn't much support until about 20% below that trendline.
Here's to hoping it holds!
We should see some fireworks either way in the next few weeks.
Stay informed my friends.
-Doc
Till now the summer for Alt is still not back
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well @jrcornel I hope you are right!
Posted using Partiko iOS
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Probably. I sold all my altcoins for Bitcoin last week. That is a sure sign. I always buy High and Sell Low.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Haha, I know the feeling!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah...l.I held for 2 years.... after several of my crappy alt coins were delisted and made worthless on Bittrex I decided it was time to get rid of everything except Bitcoin and Steem.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have never held many altcoins, but I have rode my share of investments down into the ground, only to offload them right about the time they turned around.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Smart.
I think Steem will make a much better ROI then Bitcoin.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
At this point another 20% drop is just that: a drop in the bucket.
We'll all look back at these days and laugh as the market goes x100 over the next 2 years.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yep, I think that kind of attitude shows we are near a bottom. People already figure it as mostly lost at this point and are no longer willing to sell at these prices. They have thrown in the towel so to speak.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Keep us updated @jrcornel, those charts surely looks interesting :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That altcoin chart is especially interesting... I will be watching closely.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I hope you are right.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Me too.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I see TRX at no14 and im happy.
I see Steem at no80 i say fuck it, TRX is going down the shitter and im happy.
Lets keep the btc domination a bit more.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I THINK BITCOIN IS DROPING BUT AT SOME POINT PROBABLY OCTOBER-NOVEMBER
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit