Cryptocurrency Relative Strength Analysis Report For Week Starting 6/21/20 by rollandthomas

hive-167922 · @rollandthomas · Jun 21 '20

$1.57

Cryptocurrency Relative Strength Analysis Report For Week Starting 6/21/20

<center>![](https://cdn.steemitimages.com/DQmbViNc94z2MdhBzKUSo6BkEyZWuWYdJZd6wF6DomCSphn/image.png)</center>

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin.  Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

![](https://cdn.steemitimages.com/DQmT8xy5s3xEFRuQGQZwH65espZWpNAFyq8VifdA1cmP7zd/image.png)

<center><a href="https://medium.com/@MC_Ross1001/why-increasing-bitcoin-dominance-is-no-good-thing-7a21a6f9110e">Source Image</a></center>

Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy to determine the relative strength of Bitcoin at any point. Not the case for the altcoins…until now. I have taken the more popular altcoins and determined their relative strength, relative to Bitcoin using just moving average.

Binance


![](https://images.hive.blog/DQmdCgN1vfWhTrKKJKNuVvaVDnUG4nhPbBXKrvZ2mR4Syny/image.png)


EOS


![](https://images.hive.blog/DQmUytgc47qkb1HURYnk79gnKYGMcdRYkExgVRvMNtJeimp/image.png)

Ethereum


![](https://images.hive.blog/DQmfRrZby7mGWwZk4tPP443BABVwCtnkAdbFnfCH6nLwo3D/image.png)

Litecoin


![](https://images.hive.blog/DQmUSLgJa977hm4mqrHry2FbPKRx9S3f4dZ1X9v5pdfa14J/image.png)

Neo


![](https://images.hive.blog/DQmR237ZRx9PwcekTx9Xrorx2vjtstTDj91gjqpWQD6Jhhe/image.png)


Steem


![](https://images.hive.blog/DQmWQ3gmsM3DqECQkEhAL9DSQgpp6eLdApqQafXjrh3PDE3/image.png)


Tron


![](https://images.hive.blog/DQmZSpLYPoxakWH2ndeVYoTBxE9RA2Mtv2aJoDCmEGvRsx4/image.png)


Zcash

![](https://images.hive.blog/DQmYrSRNhzH3kGNCVkhHagZTZi75BfnscgVFvYfgFox91hD/image.png)

Based on the moving averages and the last daily closing price, relative to the moving averages,

![](https://cdn.steemitimages.com/DQmYBN1PN8CsxDF91MZTHMeUbMfLt9ZowyWsQruynTKbzjM/image.png)

the altcoins relative strength, relative to Bitcoin are the following:

![](https://images.hive.blog/DQmdNs1iWHd37thv4vUjVtpRJfqui2MEwKhbXHtDfyP7KQp/image.png)

Two Weeks Ago

![](https://images.hive.blog/DQmTz1RTusBVRKefSFxkDCJ7hYqiSCT1n1YPa76RVYURMhi/image.png)




This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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vote details (98)

voter	rshares	pct
mangou007	11,469,861,711	7.34%
shanghaipreneur	19,128,902,854	25%
scaredycatguide	20,179,609,517	50%
bert0	34,418,530,892	7.34%
mitchelljaworski	12,343,900,917	100%
spg	38,871,901,174	5%
sam99	5,218,635,207	100%
xyzashu	802,711,244	50%
forexbrokr	731,050,389,865	100%
edkarnie	190,998,605,599	100%
pixelfan	12,067,203,745	2%
davedickeyyall	219,669,682,063	50%
schubes	4,696,454,537	95%
nortjenn	652,412,636	85.5%
costanza	18,853,291,665	10%
sebas04	627,054,711	100%
flamingirl	1,871,574,322	7.34%
coyotelation	11,360,581,298	50%
fun2learn	5,191,594,443	2%
newageinv	7,631,902,340	10%
investprosper	13,258,774,518	7.5%
fantasycrypto	148,317,065,792	100%
moeenali	1,888,858,954	1%
anthrovegan	3,393,902,568	50%
idkpdx	295,282,234	2.5%
teutonium	10,761,373,137	50%
josevas217	6,329,171,167	6.6%
neopch	4,828,439,426	25%
stmdev	397,697,580	10%
paragism	645,653,411	3%
yameen	712,276,463	2%
gadrian	6,108,508,950	3.75%
tresor	20,772,766,945	7.34%
moserich	13,189,130,895	100%
break-out-trader	24,299,804,962	100%
trumpman2	2,421,463,825	30%
superlao	26,773,500,494	100%
liable	1,662,280,155	40%
digital.mine	212,321,695,371	1%
shortsegments	666,933,259,620	90%
investorsclub	21,169,624,753	100%
georgeknowsall	34,636,864,476	100%
dalz	93,808,633,256	30%
steemmedia.org	776,184,669	50%
jk6276	0	1%
coiotes	1,138,825,749	50%
laissez-faire	83,681,769	100%
kuhle	10,092,214,233	50%
thejollyroger	18,982,358,654	75%
memeteca	920,260,129	7.34%
steempope	428,862,093	70%
apofis	790,178,490	100%
xxxxxxxxxx	662,784,617,327	5%
muntaharaceh	1,332,119,671	100%
limka	47,032,041	100%
steemstreems	2,200,291,781	10%
dknkyz	5,678,344,720	30%
coredump	66,167,954	10%
megavest	2,804,394,686	15%
gadrian-sp	653,416,970	3.75%
dtrade	646,923,886	25%
haxxdump	29,795,380	10%
dalz1	1,330,704,937	100%
plook	3,938,082,751	100%
leovoter	759,999,312	50%
partitura.leo	115,067,927	50%
leo.voter	936,738,349,459	15%
onealfa.leo	577,727,104,326	100%
empoderat	61,066,178,084	100%
chrono.leo	0	100%
vxc.leo	44,878,020	100%
scaredycatcurate	5,140,591,290	100%
bearjohn	656,038,745	50%
flipstar.sports	365,374,915,027	100%
babytarazkp	5,600,258,515	85%
abh12345.neox	5,844,450	8.1%
revise.leo	671,425,084	50%
coiotes.curator	857,576,133	50%
coiotes.curador	910,368,637	50%
deflacion	622,341,632	9.69%
bruleo	642,275,198	100%
spinvest-leo	7,660,284,447	20%
enison1	3,064,632,761	50%
saeidaffran	586,652,685	100%
felander.leo	810,762,582	100%
snoochieboochies	4,119,180,110	30%
autowin	566,884,909	50%
empoderat.leo	308,683,769	100%
leomaniacsgr	1,435,397,365	75%
joemark	585,541,843	31.92%
ldelegations	1,273,851,896	100%
platino94	2,211,302,994	100%
achim03.leo	736,604,339	100%
phython	3,218,636,873	100%
maranan	100,973,178	10%
rehan-leo	1,133,421,890	100%
bnk	8,686,887,444	7.34%
beehivetrader	124,383,276,306	100%