Short-term bearish for altcoin, BTC dominance analysis.

BTC.D
BTCUSD

As mentioned on previous post, BTC dominance (BTC.D) has strong influence to altcoin health. Prediction of BTC.D movement helps us better timing for next alt season. BTCUSD chart is attached to the chart for reference.

ADX and DI indicator tells us that BTC.D is in a modest uptrend, confirmed by RSI indicator. Due to strong mometum of this rally, BTC.D may rise to (58 - 58.5%) before making correction to around 56.5% after hitting strong resistance area (red box). BTC price has a similar pump to near $6000 (a superb strong resistance) along with BTC.D rally.

When both of BTC.D and BTC price meet strong resistance (estimation on the end of april 2019), whole crypto market will enter a short-term bearish period. On the bearish time, BTC price will continuously decrease (as warning by this analysis www.tradingview.com/...iott-waves-analysis/). In the earlier downtrend time, BTC.D will have another rally to meet last top high (established 12 sep. 2018) then a bearish divergence will confirm the reversal (estimation on mid may 2019). BTC.D will decrease due to capital flow to alt market (for better profit there) and new al season may take place on the later may and june 2019.

İşlem aktif:

BTC dominance reaches resistance area.