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Altcoinboom

29b$ since my idea!(the reason i shared BTCUSD chart is that people look at these idea rather than TOTAL2 or BTC.D, sorry for that!) in my idea : i pointed out a time resistance that may be mark the beginning of trend reversal. these time resistances proofed to be right if you put them in a right way. ok now alts are booming and it's sitting at 87b$ and up almost 29b$ (Wow!!) from where i pointed out a reversal. people just dont pay attention i called the bottom on bitcoin in this analysis: i predicted the bottom with 100$ tolerance. i said it would be in 3320$ but it bottomed at 3215$. so far so good, people should see these things. i'm helping you people with nothing in return! ok go back to analysis: as you can see here in this picture : we are almost above 38.2% fib level since last top to last bottom it is a positive sign. is think it means we are headed to test 61.8% which is a psychological and even number, 100B $ it would be the first stop for altcoins(i think). looking at BTC.D : it seems we are breaking down at bitcoin dominance. so what now? in a simple word if bitcoin dominance continues to dump and if TOTAL2 continues to rise i think buying altcoin even at this point would be a good idea to look at alt market i would like to look at majors and take a look at bitcoin comparative charts. here we have ETHBTC chart: ETHBTC still bearish as it is below 0.02309902 so above that level it is reasonable to change bitcoin to ethereum. but i thing the bottom is in for ETH and we will see price appretiation. in this chart : XRP need to break 3770 satoshi level to be bullish on so wait for that to happen even if you trade USD pair. i think btc pair is important to be bullish. Litecoin:
BITSTAMP:BTCUSD
by farzinsabbagh
Buy Altcoinsbitcoin dominance finally completed 5 wave up. Rsi broke its trend line and wave five of primary degree ended at 78.6% size wave 1 to the end of wave 3 and it is almost equal to wave 3 size. bitcoin dominance is a great indicator for altcoins. regardless of what bitcoin will do altcoins will go up, it may be coincides with a bullish move in btc or a bearish move, because bitcoin price and bitcoin dominance some times have positive relation to each other and sometimes have negative relation.
CRYPTOCAP:BTC.DLong
by farzinsabbagh
Buy Altcoins here at 73.87%as i have discussed before i'm doing a elliott wave analysis on bitcoin dominance. right now actually bitcoin dominance is really high. according to my analysis we are in wave 5 of primary degree and actually in the last stages of this move. now we are forming a forth wave and because of that altcoin markets are in a big confusion. i suggest you to buy some altcoins right now and buy more if/when dominance hits 73.87% of all crypto market. i suggest to buy a basket of altcoins rather than one altcoin. i would buy top 20 alts not low cap ones. have fun leave a like stay tuned
CRYPTOCAP:BTC.D
by farzinsabbagh
2
Bitcoin dominance elliott wave analysisAs you can see in bitcoin dominance chart we are in a potential wave five. Proof: -Wave 2 corrects major area of wave one but it didn't break it's low. -Wave 3 is longer than wave one so it cant be the smallest wave then if wave 5 wants to be larger than wave 3 this interpretation is still a valid one. -wave 4 corrects pretty much exactly to fib 38.2 percent level which is a fib confirmation -wave 2 is a sharp correction and wave 4 is a complex and side way correction which is a characteristic of impulse wave I did a fib extension from beginning of wave 1 to end of wave 3 and i started it from end of wave 4, we are in the exact level of golden ratio if dominance surpasses this level we should see more decline on altcoins and it can easily go up to 100 percent of extension. I'm looking forward to a big correction in dominance and it means altcoins are coming back.
CRYPTOCAP:BTC.D
by farzinsabbagh
1