I hadn't quite looked at it that way... Thanks for a new perspective. I think my problem is I use an entirely different Moving Average system (7, 77, 341, on a 6 hour chart), so I often forget to check out the 50, 100, 200.
As for whether BTC is losing ground... It's a question I ( and we all!) have been asking myself for a long time. When I started trading in early December last year, I vowed to keep at least 40% of my holdings in BTC ... That percentage got less and less over time and at this minute, I have nothing in BTC, lol. Probably not wise, but I just had to buy more EOS.
So this makes me think I've slowly been subconsciously losing a bit of faith in BTC... But still, it is the first mover and where all the new money first flows to when anyone gets into crypto... And also probably where all the Big Money is going to... So I think it would take alot to overthrow the giant. Gods know Roger Ver is trying his best, the sneaky bastard.
You've gained a follower =) I'm an artist using fractals to create motifs and fine art, if you'd like to check me out. Bye for now.
Slowly losing faith in BTC? Or, slowly gaining faith in other more promising projects? 😉
Indeed ;) ... EOS and ADA are my two top faves... ADA on top if it succeeds in its very ambitious plans. XLM and NANO are also high on my list.