Oct 05, · Bitcoin Dominance Graph, Chart & Trends. Take a look at this chart: This shows the trend of BTC dominance from to the present in relation to other altcoins. The graph is pretty easy to read: Bitcoin was dominating the market at about 90% of the total market cap up until , then sharply declined to this day. Dec 16, · The 4-hour chart shows the Bitcoin dominance index holding above all the three moving averages; the 50 Simple Moving Average, the SMA, and the SMA. In . BTC dominance has been breaking all resistance even when BTC broke ATH altcoins are still struggling. traditional investors joined the Crypto Market and since then they are controlling the Bitcoin price which resulted in huge depreciation to ALTs Price and Market Cap. some good project did have some nice runs but 80% ALTs are still underwater.
Bitcoin market dominance chartBitcoin (BTC) Dominance Explained
If or when Ethereum moves to a proof-of-stake consensus algorithm, it may be removed from the index entirely. Bitcoin Dominance. Buy bitcoin.
At this point, it could be the bottom for Alts, but it is hard to hold on to almost anything but BTC knowing that your investment performance is being slowly eaten away.
This is partly to do with Hello, traders! Bitcoin's dominance has tested the Bitcoin absorbed all the liquidity of the market during its rally. Christmas holidays are coming and traders in the stock market prefer to fix their positions. In case if big players are fixing positions on BTC, the nearest support level is at the price values of Bitcoin dominance touched On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on.
The B wave is completed with a Some Elliott Wave for you. I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for Finger Crossed. Anyone that bought the dip on Alts, very ballsy! Hat's off to you if it work out. As bitcoin dominance is going up for past few weeks , now looks its a time for a big pull back and give alts to grow again.