Tokenize is a digital trading platform that aspires to build the next generation currency exchange that supports established and emerging digital currencies. Ethereum - Bitcoin Chart (ETH/BTC) Conversion rate for Ethereum to BTC for today is ₿ It has a current circulating supply of Million coins and a total volume exchanged of BTC, 1h. BTC dominance has been breaking all resistance even when BTC broke ATH altcoins are still struggling. traditional investors joined the Crypto Market and since then they are controlling the Bitcoin price which resulted in huge depreciation to ALTs Price and Market Cap. some good project did have some nice runs but 80% ALTs are still underwater.
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Not even going to do any analysis, the result is already in. At this point, it could be the bottom for Alts, but it is hard to hold on to almost anything but BTC knowing that your investment performance is being slowly eaten away. This is partly to do with Hello, traders!
Bitcoin's dominance has tested the Bitcoin absorbed all the liquidity of the market during its rally. Christmas holidays are coming and traders in the stock market prefer to fix their positions. In case if big players are fixing positions on BTC, the nearest support level is at the price values of Bitcoin dominance touched On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on.
The B wave is completed with a Some Elliott Wave for you. I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for Finger Crossed. Anyone that bought the dip on Alts, very ballsy! Hat's off to you if it work out.
Submit ICO Review. Editor's Pick. The most important factor now is institutional investors. There's no reason to punt a short now. What am I missing? Share on Facebook. Share on Twitter. Share on Linkedin. Share on Telegram. Author: Bhushan Akolkar. Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets.
His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.