Relevant trading-focused information authored by key players in the futures, options and forex industries

Hello traders, today we will talk about overall Crypto market and its Dominance.

BITCOIN and most of the ALTcoins have seen a deeper decline in the last couple of months, mainly because BTC have been losing its dominance. But, after that strong BTCUSD bounce, seems like BTC Dominance is back, especially if we take a look in the BTC.D chart in which we see a corrective decline from the highs. So, we believe that BTC Dominance might be back in the game and BTCUSD may outperfom ALTcoins again which can be clearly seen in the ETHBTC chart. As you can see, we are still tracking a corrective wave iv here that can send the price back to the lows for wave v of 5 towards 0.014 area.

If we are on the right path, then BTC Dominance could be leading for a while, but once BTC.D comes into new highs and ETHBTC into new lows, then we can expect a bounce and reversals, maybe even ALT season.

We have a HALLOWEEN Special offer –> 50% OFF on Monthly or 3 Month packages for Forex od Crypto market. Check it HERE

BTCUSD Dominace, Daily

ETHUSD vs BTCUSD, daily

ethusd vs btcusd, daily

Name Price
Bitcoin
(BTC)
$9,047.65
Ethereum
(ETH)
$190.31
Bitcoin Cash
(BCH)
$295.22
XRP
(XRP)
$0.282110
Litecoin
(LTC)
$64.41
Cardano
(ADA)
$0.043615
IOTA
(MIOTA)
$0.268448
Dash
(DASH)
$70.50
NEM
(XEM)
$0.040685
Monero
(XMR)
$64.10
EOS
(EOS)
$3.60
TRON
(TRX)
$0.019486
NEO
(NEO)
$11.14