Altcoin Dominance Bouncing From 0.382 Fib, Small Cap Speculation Coming Soon...

[dragononcrypto]

Altcoin Dominance Bouncing From 0.382 Fib Retracement (18/09)



Source" Trading View, September 18th 2019. Screenshot: October 8th 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 50 MA to the 20 Month MA (*).

(*) Correction included

Altcoin Speculation Coming Soon... (04/10)



Source: Trading View, October 4th 2019

Smaller cap altcoin dominance is leaving the RSI oversold conditions (of less than 30) this week and is currently reading 31.73. This comes after nearly three months of being oversold after dominance fell below the 200 Week MA. The last time "Other altcoins" dominance spent this long in oversold conditions was at the end of 2015, for two months, before rising from less than a 1% to it's ATH above 15%. Altcoin speculation is coming...

Bullish arguments:

• RSI leaving oversold conditions
• MACD bullish crossover
• CMF bullish divergence
• Rising volume , 2x from Jan 18

Own work: dragononcrypto, reproduced elsewhere