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Dominancebitcoin

Bitcoin Dominance UpdateIt looks like Dominance has broken all the hearts that believed in a huge alts rally! Bitcoin Dominance (Tradingview) bounced from near the 40% area and it is expected to continue with bullishness, that too with Inflation data release waiting up tomorrow.! Entry : 1326 Target : 1473 (0.5 of Fibo) Stop : 1243 (Current day candle low) Total no. of Analysis : 18 Successful trades : 12 NPNL : 3 Stop Hit : 2 Lost : 0 In Progress : 1 Bonus target is 0.618 of fibo ( 1557 ) in a worst case scenario. Safe trading!! Cheers!!
Long
by kjrthi
BTC.d -Bitcoin dominance -Do we sell Alts positions? or we hold?Based on my analysis, i think that it is better to be super attentive on Altcoins. 1- Dominance is in a very sensitive zone, 39.8% is a strong support 2- If it bounces above this support, the Alts will bleed 3- If it bounces below it, the Alts will continue to rise. BUT, The dominance had been decreasing for more than 40 days , and most of the Alts went crazy. SO, I think that most traders made a lot of profit with Alts, & in my opinion, it is better to secure your profit, and sell your Alts positions ( except the one you are holding for a longterm), and hold a big bag of USD. The probability for the dominance to go below the support is low, so i believe that it will bounce back, and the Alts will go down, and we will have the chance to buy more Alts for a discounted price. ALWAYS DYOR - NFA
CRYPTOCAP:BTC.D
by MichelNakhle