Not sure about you, but this sure looks like a chart ready to roll over...
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
Well @jrcornel I hope you are right!
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Probably. I sold all my altcoins for Bitcoin last week. That is a sure sign. I always buy High and Sell Low.
Haha, I know the feeling!
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.
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.
Smart.
I think Steem will make a much better ROI then Bitcoin.
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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.
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.
Keep us updated @jrcornel, those charts surely looks interesting :)
That altcoin chart is especially interesting... I will be watching closely.
I hope you are right.
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Me too.
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.
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I THINK BITCOIN IS DROPING BUT AT SOME POINT PROBABLY OCTOBER-NOVEMBER
I sold it very cheap