ETH/BTC, BCH/BTC - Swing Trading BTC Dominance | Crypto Craft

Options

Permalinks
Print Thread

Similar Threads

Swing Trading only - All Markets 473 replies

ETH/USD 0 replies

Analysis focused on BTC, ETH, XRP, LTC 46 replies

Need a simple EA for bitcoin trading (BTC/USD) 5 replies

Swing-trading/long term journal 5 replies

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

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

  • #1
  • First Post: Edited 5:08pm Aug 5, 2019 4:48pm | Edited 5:08pm
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:
Attached Image (click to enlarge)
Click to Enlarge Name: capture.png Size: 67 KB


AND

You should pretty much always be short BCH/BTC but there seems to have been an interesting divergence that formed on April 15th.
Attached Image (click to enlarge)
Click to Enlarge Name: bch.png Size: 77 KB
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #2
  • Aug 5, 2019 5:12pm Aug 5, 2019 5:12pm
Lately, market sentiment has been favoring stronger BTC dominance (currently 67.7%). I expect this trend to continue, at least until we hit 70%.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: capture.png Size: 177 KB
Click to Enlarge Name: dom2.png Size: 154 KB
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #3
  • Aug 7, 2019 4:34pm Aug 7, 2019 4:34pm
I shorted BCH/BTC today at 0.02874. So far I'm up a bit on the trade - we are at 0.02845 now..
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #4
  • Aug 23, 2019 4:19pm Aug 23, 2019 4:19pm
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...
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #5
  • Aug 29, 2019 6:28pm Aug 29, 2019 6:28pm
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.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #6
  • Sep 10, 2019 4:27am Sep 10, 2019 4:27am
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.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 137 KB
  • #7
  • Last Post: Sep 13, 2019 12:03am Sep 13, 2019 12:03am
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.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
0 traders viewing now