Altcoin Dominance Bouncing From 0.382 Fib Retracement

18 sept 2019

Bouncing from 0.382 fib retracement, altcoin dominance has broken above the 200 Week MA (29.65%), RSI now left oversold conditions and MACD about to bull cross. "ALT.D" (1-BTC.D+99) needs to close the weekly above the 200 MA to remain bullish, but otherwise the risk/reward is there for a trade to the 0.5 fib retracement (49.95%) and resistance level. This would be a trade on the monthly scale on the left with the price bouncing back from the 20 MA to the 50 Month MA.

Related altcoin dominance/market analysis...

Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming?

Altcoins Bouncing From 200 Week MA after TD Sequential 9

21 oct 2019

Nota

Watch out for the 50&200 Week MA bear cross...

21 oct 2019

Nota

Ignore last comment, wrong chart!

Closing above the 200 Week MA for the third consecutive week = bullish.
Not much else to say, long with altcoins.

24 oct 2019

Nota

With the death cross (between the 50 & 200 Week MA) appearing on small cap altcoin dominance this week, confirming a long-term bear trend, it's worth tightening any stop losses on any small cap trades due to the possibility of a continued sell of. While the bear cross is a lagging indicator to confirm long-term trends, and the "price" could rally towards it (has often happens in Bitcoin) it's also bearish by default, similar to the flattening of the CMF.

24 oct 2019

Nota

IGNORE ABOVE! Wrong chart analysis, don't panic ;-)
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The total altcoin market dominance looks healthier which each week that passes, continuing to find support above the 200 Week MA (30.4%) and currently moving above the 21 Week MA at 31.8%. RSI is now leaving the bearish territory (40) while the CMF has nearly made it out the red, continuing to show bullish divergence.