Alcoinomania and Bitcoin Dominance

26 Ara 2020

The Bitcoin dominance, until then close to 100%, took off the road in 2017 with real Tulipomania, sorry, I meant: Altcoinomania.

I don't invent this burlesque qualifier of Alcoinomania by chance!

It was indeed a very intense and short-lived speculative bubble ...

... like Tulipomania, the first crash in history (1636-1637).

From the ATH of altcoins dominance in late January / early February 2018, the bubble burst.

2018 ... 2019 ... 2020 ... this gradual bursting, punctuated by "dead cat bounces" on the altcoins market share, has thus gradually made Bitcoin take the ascendancy back, by true safe haven.

26 Ara 2020

Not

This results in the Bitcoin dominance by an Ascending Bullish Triangle, as I represented it to you on the "BTC.D" graph.

Today, we are very, very close to the bullish breakout of this Ascending Triangle, direction > 90% dominance by Bitcoin.

This target can be deduced by transferring the amplitude of this triangle above its historical resistance ...

... and by simply following the common sense of fundamental analysis :

altcoins are just empty shells as I have repeatedly told you loud and clear in my previous posts.

Even a top 5 like Ethereum will you tell me? Its name comes from the pseudo-scientific concept "Ether", an invisible substance, of which Albert Einstein had in his time supported its non-existence, and since mainly rejected by science.

How IRONIC to have used this term "Ether" for a crypto with no other existence than that of being a shitcoins factory (the famous ERC-20 tokens in particular).

And to quote another "Top 5", what about the SEC's lawsuit against Ripple for its XRP token?
This is only the tip of the iceberg. The SEC has “its work cut out for it” with altcoins.

26 Ara 2020

Not

However, of course I would not dare to speak of a return to 100% Bitcoin dominance !

Still in terms of fundamental analysis, there is every reason to think that Bitcoin will leave some share of the crypto market to a few chosen few.

Subject of one or two of my previous publications, I will not be surprised that Decred (DCR) is one of those lucky ones.
This "Bitcoin Suite", as it was originally called, has in any case in my opinion all the characteristics, see my old publications for a detailed fundamental analysis.

Regarding Bitcoin, do not hesitate to (re-)consult my other publications, they have never been so relevant! I enclose some of them below ;)

26 Ara 2020

Not

"Photograph" of this publication:

21 Oca 2021

Not

"It is to be wrong to be right too soon" (Marguerite Yourcenar, French writer)

Ascending triangle of Bitcoin dominance, still under construction :
bounce no lower than 60 to watch

4 Şub 2021

Not

Decred (DCR) mentioned in this analysis as one of the few potential elected officials alongside Bitcoin, it was December 26.

A good month has passed since then, and Decred has doubled its value again.

Store of value investors are not mistaken.

9 Şub 2021

Not

Information from January 21 "bounce no lower than 60%" successful,
the line of the Ascending Triangle is still perfect.

The 72% to 60% dump = short alt-season during Bitcoin consolidation.

Now, Bitcoin's dominance on this rebound has increased to 60% = danger on altcoins!

11 Mar

İşlem aktif

Too early at the time, but this scenario is still relevant regarding the fundamentals.

The only aLTCoin that seems undervalued to me is LTC - Litecoin, which is expected to perform alongside BTC.

The rest have only one possible destiny: the abyss.