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Attachments: ETH/BTC, BCH/BTC - Swing Trading BTC Dominance
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ETH/BTC, BCH/BTC - Swing Trading BTC Dominance

  • Post #1
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  • First Post: Edited at 6:08pm Aug 5, 2019 5:48pm | Edited at 6:08pm
I'm going to track and predict movement in crypto pairs that cross with BTC.

I have a feeling that there is an opportunity to make money here but need to experiment a bit with the different characteristics of crosses. For example, June 12th would have been a good day to short ETH/BTC:
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AND

You should pretty much always be short BCH/BTC but there seems to have been an interesting divergence that formed on April 15th.
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Lately, market sentiment has been favoring stronger BTC dominance (currently 67.7%). I expect this trend to continue, at least until we hit 70%.
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If you like my post :P throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
I shorted BCH/BTC today at 0.02874. So far I'm up a bit on the trade - we are at 0.02845 now..
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Quoting g-force
I shorted BCH/BTC today at 0.02874. So far I'm up a bit on the trade - we are at 0.02845 now..
0.01852.. maybe it's about time to close this trade out...
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Quoting g-force
{quote} 0.01852.. maybe it's about time to close this trade out...
I ended up closing this trade yesterday at 0.01735. I'm pretty happy about how it turned out but I also think it'll continue to run lower awhile longer.

Based on my experience when BTC falls most altcoins fall more and I think BTC will continue down awhile longer.
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Quoting g-force
{quote}Based on my experience when BTC falls most altcoins fall more and I think BTC will continue down awhile longer.
That is my observation as well. BTC did capture 70% market dominance last week.
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  • Post #7
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  • Last Post: Sep 13, 2019 1:03am Sep 13, 2019 1:03am
Quoting Blockhead
{quote} That is my observation as well. BTC did capture 70% market dominance last week. {image}
70% is tough to beat. Crypto was widely discovered in 2017 and BTC has not been as dominant since.

Now might be the time to go long on the /BTC pairs.
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