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Bitcoin dom shows which direction the money in the market is going. Investors can understand how to evaluate their investments by looking at the Bitcoin dom and can take positions accordingly.

Bitcoin dominance continues to rise incessantly.. Breaking the Dom 70 hurdle is set to quickly test the support of the uptrend from 2018 to 2020. If it tests this level in the next 3 days, it will be around 75.5.. If it exceeds this level, the last stop is 79.43!

What is Bitcoin dominance (DOM)?

Bitcoin Dom is short for the English word dominance. Bitcoin Dom is a metric that investors can use to quickly understand the value of Bitcoin in the overall crypto market.. The price of any asset is a result of supply and demand.. Therefore, this index effectively measures Bitcoin demand relative to altcoin demand..

Altcoin future depends on this closure

Bitcoin fell rapidly on December 21, there is uncertainty in the market; but there is a forgotten truth. Bitcoin is well above its old ATH, which seems like a dream.. Well then wouldn’t the altseason have already started?

BTC Dominance is a unit that scales all other cryptocurrencies against Bitcoin. Ethereum, XRP and all other altcoins focused on Bitcoin Dom’s December close.

Is altcoin season coming?

Bitcoin is strong and BTC Dom continues to rise while altcoins are having trouble rising. Owns 72% of the market cap of the entire cryptocurrency market.

3 Technical indicator says BTC Dom will rise

MACD indicator seen in the chart above shows that Bitcoin may rise. A short-lived DeFi trend caused reds on the chart, but December was again green for Bitcoin and red for bottoms.

The MACD values ​​shown with the bullish trend are both bullish.. Dom reached from 40% to 70% in the last bull crossing. We are now in another transition period but monthly closing required for confirmation. So there is still some time for altcoins as a last hope..

The second indicator, Bolinger Bands. Bolinger shows how altcoins are running out on a monthly basis. At the close of the month, a buy-sell decision can be made when the moving average is above or below the middle line..

NOTE: You can take a look at our previous analysis.

If the range close is above the midline, Dominance will rise above 70%. can crush the bottom. If it goes below the middle line, it can bring the subseason..

However, if Bitcoin Dom closes December outside of the Ichimoku Cloud, it could mean bad news for altcoins. Normally, assets trading on Tenkan-Sen (blue line) are considered bullish.. The lines with the blue and red arrows on the chart indicate the continuation of the uptrend..

The Ichimoku cloud or close above “Kumo” on the BTC Dom chart could bring a doomsday scenario for altcoins.

Kumo sheds light on future price movements. In this case, the red cloud signals that BTC Dom could potentially be bearish..

Altcoins could melt against BTC if Bitcoin Dom’s December close breaks above one of the key levels. If things turn upside down and the closure is below one of the key regions, it could be said that the subseason is finally here.

Source

Bitcoin dominance technical analysis 20 December

Bitcoin dominance formed a doji candle at the end of the previous day. Doji candles signify trend reversal. It was a development that all market participants were looking forward to waiting for in altcoins.. However, DOM broke our expectation by closing the end of the day above the doji candle yesterday..

As of the time of analysis, DOM is in log support. In order for altcoin investors to continue their expectations, the priority should close the end of the day below 66.55.. Let’s first look at the Bitcoin graph for the possibility of this happening.

Bitcoin has entered the area we marked with the box again.. This is our bull scenario for Altcoins. If Bitcoin starts consolidating at $1100 volatility, capital will exit BTC and move to the bottoms.. This means that the altcoin investor will receive what he has been waiting for a long time in 1 month.. Click on our Bitcoin technical analysis article for more detailed information..

When is the altcoin bull run?

Whenever the 21-day moving average crosses the 50-day moving average, Bitcoin takes capital from the altcoin. Whenever the 21-day moving average crosses the 50-day moving average, this time altcoins capitalize on bitcoin and the long-running altcoin bull run begins..

Bitcoin after the recent rapid price increase New analyzes about the price have started. Thomas Lee, co-founder of Fundstrat Global Consulting, said that Bitcoin “still has great risk and reward.” In his speech, Lee also stated that they thought that Bitcoin could rise to the level of 25 thousand dollars. And we think that there is a reward and that the value of Bitcoin can reach the levels of 25 thousand dollars by the end of the year. He emphasized that they want to profit from their taxes. Lee also supported the expected increase in the market, especially Bitcoin, with the Bitcoin Misery Index (BMI) data created by Fundstrat, and underlined that the current situation in Bitcoin reminds the bear market of the end of 2014.

Bitcoin Balanced Above $8,000 output. Bitcoin is trading at $ 8,283 at the time of writing;

Bitcoin price reached an all-time high on December 17, 2017 in its 9-year adventure. Immediately after breaking the highest record by exceeding the level of 20 thousand dollars, the decrease in the Bitcoin price reached 7 thousand dollars in 5 days.

The date of December 17, 2017 undoubtedly showed a picture that even Bitcoin investors were surprised. Perhaps no one could have predicted that BTC, which closed November at the level of $ 9,500, could see 20 thousand in just 2 weeks.

This sudden rise caused the whole world to focus on Bitcoin and the crypto money sector.. The news that the futures exchange CBOE will add Bitcoin to its lists on November 10, and the news that CME will list Bitcoin on November 18 were the reasons for the sudden increase in Bitcoin price.

The reasons for the decrease in Bitcoin price

After the last record on December 17, the decrease in Bitcoin price reached 7 thousand dollars in 5 days. Recorded all-time high of $20,042. Continuing its steady decline for 5 days, Bitcoin has fallen to the levels of 12,800 dollars in the last 24 hours.. Thus, a decrease of more than 7 thousand dollars was achieved in only 5 days.

It is not possible to specify a single factor as the reason for the decrease in Bitcoin price, but several reasons can be said that trigger each other.. The first of these is the Bitcoin.com CTO’s statement “I have switched to Bitcoin Cash”. With this statement, as investors who hold their assets in Bitcoin switched to Bitcoin Cash, the price of Bitcoin began to decrease and Bitcoin Cash to rise.. With this statement, BCH, which was traded only at $ 1800, reached a new record by rising to $ 4,355.

The second reason is the rise in transfer fees, which increase in proportion to the price of Bitcoin.. A stock market that charges only 5 TL transaction fee in a period when the Bitcoin price is 10 thousand TL, while the BTC price is at the level of 70 thousand TL, it charges a transaction fee of 35 TL.. Unfortunately, the decrease in transfer fees, which is one of the aims of Segwit2x initiatives, has not yet been realized.. Therefore, unless this problem is solved, Bitcoin will never be a digital currency that can be used for daily shopping.

Another reason is that, in the opinion of many experts, a correction was highly anticipated after such an unexpected rise in Bitcoin price.. The number of experts who think that this is the main reason for the decrease in Bitcoin price today is quite high.

An opinion that is completely different from the others is that Bitcoin is preparing for a new rise.. According to this view, which has the logic of “behind every decline, there is a rise”, the Bitcoin price is preparing to exceed the $20,000 band.

Bitcoin is trading just below the $13,000 level at the time the news was written.. Total market value is 215.7 billion dollars and 24-hour trading volume is over 18 billion dollars.

The information in the text is purely for informational purposes.. It does not constitute any investment advice.. The author and hostagons.com/ are not responsible for your profit or loss arising from the investments you make.. Investment is ultimately based on many foundations such as knowledge, experience, research and personal decisions.

As a leading global financial services provider and one of the largest banking institutions in the United States, J.P. A lawsuit has been filed against Morgan Chase & Co company, according to the news published by Reuters on April 11, for displaying this payment as a cash advance for purchases of cryptocurrencies by credit card and charging customers without declaring it.

Tuesday A lawsuit was filed on behalf of all aggrieved people in a federal court in Manhattan on Monday for over-charged, extremely high interest rates on cash advances, and refusing to refund complaining customers.

Plaintiff Brady Tucker claimed that the bank charged him a $143.20 commission and $20.61 interest rate on cryptocurrency transactions he made in January and February. Tucker tried to discuss the matter on Chase’s customer service line, but the bank refused.

The lawsuit alleges J.P. Morgan Chase & Co violated The Truth in Lending Act for failing to notify customers of policy changes in writing. According to the complaint filed with the court, the lawsuit resulted in a total of $1 million in actual financial losses for Tucker and other victims. It is demanding reimbursement of legal damages and attorney’s fees and costs.

On February 3, Chase, like other banks, decided to ban the purchase of cryptocurrencies by credit card. payment processing and other services are at risk of disruption due to technologies such as cryptocurrencies.” said they could continue to buy cryptocurrencies.

Cointelegraph

It was claimed that

n11.com will announce Garaj11, the classified advertisement site project after the traditional 11.11 campaign. While it was stated that the prices would be kept at a reasonable level compared to its competitors in the sector, it was learned that Doğuş Holding wanted extra sensitivity for this project

Garaj11 may be the most important player in the market

Sirketdedikodulari.com According to the special report of Göktuğ Efil from .. It has been claimed that the silent but profound project has reached its final stage following the “Confidentiality” instruction sent to the operation center by Doğuş Holding.. It is said that Garaj11, which is planned to be on the field altogether with its website, mobile applications and social media accounts, will become one of the most important players in the market.

I wonder what kind of path sahibinden.com will follow after Garaj11, which has grown by over 2000% since its establishment and dominates its competitors in the industry such as Hürriyet Emlak, Milliyet Emlak, Arabam.com and Emlakjet. became the subject.

Supply brought demand in the industry

Despite its many competitors, sahibinden.com, which has stood alone in the industry, has gained popularity in recent years. He received reactions with the raises he made for corporate members.. There are prices that vary according to the features on the advertisement site where different packages are available.. These figures can vary from 2250 liras to 20 thousand liras.. As such, there is a tendency for corporate members to turn to different advertisement sites.. However, in the current situation, it is not possible to fully meet the needs.. For this reason, Garaj11, which n11.com is working on, can attract many corporate members from sahibinden to its platform.

On the other hand, sahibinden.com, which has been at the center of criticism due to the increase in the second-hand vehicle market in recent years, was given an “abuse of dominant position” penalty by the Competition Authority.

Trendyol may come as a surprise

Online market application “Fast Market”, followed by Trendyol Yemek Saying hello to different sectors with Trendyol, it can also enter the advertisement site business within the next 5-year plan.. Trendyol, which has been involved in many sectors especially after the investment from AliBaba Group, continues to make moves to become the sole ruler of the internet world in the coming days.. Trendyol, which has intimidated its competitors by adding many software developers and hardware developers to its structure in the past months, can also push sahibinden.com with its advertisement site.. As it is known, Trendyol had become one of the biggest competitors of Yemeksepeti in the sector by launching the Yemeksepeti feature.

Bayramefendi Osmanlı Kahvecisi, which is the most important representative of Turkey’s coffee culture and serves more than a million people with its 175 branches today, welcomes its customers with its new concept. Founded in 2011 and reaching 175 branches to date, Bayramefendi Osmanlı Kahvecisi started to open express branches. Due to the coronavirus that affected the whole world and changed daily habits, Bayramefendi decided to change the concept.

Total cost varies between 300 thousand and 500 thousand liras

According to the news of Burcu Tuvay from Economist, Bayramefendi Osmanlı Kahvecisi, which came out with a take away concept, aims to have 25 express branches by the end of next year. The company, which has reached 4 branches in total, gives franchising for new express branches. While the franchise entry fee is determined as 50 thousand TL + VAT, the total cost of a store is between 350 thousand and 500 thousand liras. Bayramefendi, whose monthly turnover is between 75 thousand and 150 thousand liras, started to open in crowded areas such as shopping malls, crowded streets and university campuses.

More and more wallets continue to support Bitcoin Cash. Blockchain.info is the latest to take steps in this regard.. It’s unclear what’s delaying the company so far, but what really matters is the result.. Users can now effectively store their BCH balances in wallets. Moreover, outstanding balances are credited. This development has been a welcome addition as BCH strives to spread and popularize.

Blockchain.info has always been one of the largest wallet providers for cryptocurrencies.. Bitcoin Cash Integration ends after an eight-week wait. Considering that users have waited so long for their money, it was time for that to happen.

BCH Integration for Blockchain.info Finally Completed

Although Blockchain.info has repeatedly stated that it could take weeks to complete the BCH Integration , the public had waited for a quicker solution. After all, it’s better to take your time and do things properly.. The company did exactly that in this case.. In a way, the latency is a bit of a problem, but for users, they get over it effectively.. As a result, users will now be able to see their BCH balances in their Blockchain.info wallets.. In addition, the wallet now supports the use and transfer of this alternative cryptocurrency.

This means that there is now another major wallet that supports Bitcoin Casch. All looks good for Bitcoin fork as this number keeps growing. It is quite doubtful whether SegWit2x will give such support in this regard.. After all, nothing has been changed yet, as many things continue to change.. Things are getting better for Bitcoin Cash, although its price has yet to reflect that.. It will be interesting to see how things change with the fork coming in the coming weeks.

This also means that almost all companies are effectively distributing BCHs to users.. Looks like the long wait in this regard is finally over. Blockchain also ensures that users will be able to maintain access to their BCH balances in the near future.. That’s a very positive sign to say bottom. No one wants to relinquish control over their own money in the long run.. It remains to be seen how this situation develops.

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Cryptocurrency market is a highly dynamic market as it goes on 24/7. A lot can change in this market in 24 hours.. To take a closer look at what has changed in ZEC/USD and ZEC/BTC parities in the last 24 hours, what kind of changes may occur in the next time frame, come to our Zcash (ZEC) technical analysis article.

Zcash (ZEC) technicalk mainDecember 17

With Bitcoin rising to $23,800, eyes are shifting to altcoins one by one. Which altcoins will the capital from Bitcoin go to? For this, we analyzed the graphs one by one and wanted to point out the opportunities in the Zcash ZEC graph for our dear readers.

Zcash tested support 3 times, twice in September and once in early November.. This formation, which is defined as the triple bottom, is an extremely strong reversal sign.

After this point, it started to rise and received an upward reaction from the so-called Golden Zone.. A chart cannot clearly state that it will go up.

According to Elliott wave theory, this structure may have triggered the first impulse movement.. In such a case, the possibility of extending to 124 dollars for the third wave and to 137 dollars for the fifth wave has emerged strongly.

The strong reaction from the green 2 turning point is the strongest sign that the price will embark on this great journey.

Note: The article does not contain investment advice.

Dec 6 Zcash (ZEC) technical analysis

In our Zcash 4-hour chart, the price has been in a triangle for a long time. We see that the formation. The target of the triangle formation is 100 dollars. This level also acts as a resistance for the cryptocurrency.. Zcash must first be able to close above this level in order to reach its next target of $180.

See: What is Zcash and how to buy it?

Indicators. First of all, the decrease in the transaction volume catches our eye.. Each entity in the consolidation process creates a similar image. In Bulltrading, however, we see that the bearish is about to end and it’s only a matter of time before the histogram turns green.. The RSI, on the other hand, tells us that the asset is in extremely good buy territory.. This region has produced signals suitable for return.. Stop support below.

Probable targets

target: $89

target: $93

target: $100

Stop loss: $64

See: How to mine Zcash?

Click to review other technical details about Zcash. ZEC/USD

This is my observation, not a trade recommendation. Also take a close look at the BTC/USD pair, as all other cryptocurrencies follow Bitcoin.

President of Belarus Alexander Lukashenko signed a decree enacting cryptocurrencies, pre-sale offers (ICOs), and smart contracts. All crypto transactions and related income, including crypto mining, will be tax-free for the next five years.

Legalized Cryptocurrency Transactions and ICOs

President Alexander Lukashenko on Friday In his statement, he said that the decree “On the Development of the Digital Economy” was signed.. He stated that the main purpose of the document is to “create the conditions under which global IT companies can come to Belarus, open their representative offices, development centers and create popular products around the world.

Cryptocurrency Tax-Exempt

Decree , cryptocurrency units, ICOs and smart contracts as well. “Belarus will legalize transactions in cryptocurrencies,” Reuters reported, “a testament to the fact that it is a tool to stimulate private sector growth and attract foreign investment by liberalizing parts of its Soviet-style economy.” The news team added:

“The decree legalizes ICOs and transactions in cryptocurrencies for Belarusian currencies, including exchanging fiat currencies. All trades will be tax-free for the next five years.”

Rusbase news agency; “People will be able to store, exchange, buy, donate, inherit and exchange tokens for cryptocurrencies,” he said.. In its detailed description, Rusbase states: “In addition, it is not necessary to declare cryptocurrency income until January 1, 2023, as they are tax-free.”

Unprecedented benefits for residents of HTP

Decree, Belarus High Technology Park (HTP) creates unprecedented conditions for residents. In the news published last month, Sputnik urged, “HTP residents, be firms that exchange and exchange cryptocurrencies.”

Belarus is for ordinary citizens, both companies and companies in this field has created unique conditions for investors to the world regulating cryptocurrencies.

Legal entities in HTP can attract investments by issuing their own ICO tokens and buying and selling them via crypto exchanges.. Detail in the news;
Research firm Belapan said earlier this month that the Ministry of Finance and the National Bank of Belarus do not support legalizing “cryptocurrencies”. “Because there may be serious risks in financial markets,” he said.. “It is not possible to audit cryptocurrencies and monitor their movements,” a government-run source said in a publication.

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