BTC.D - Huge Supports. ALT's SEASON INCOMING ?!
Updated
Chart Legend:
Bitcoin Dominance is showing weakness over Black Fibbonaci Retracement Golden Zone, Fibb' is taken from the swing low of first Dotted Green Trendline to the Swing High has done so far and was rejected back down there.
In case BTC.D does not recover into the Golden Zone to Create Support there, than the Gann Faan level may be a bouncing turn.
And if that Gan Fnn' support doesn't hold including the dotted light-orange trendline coming below, than the Most Important support to Watch in order so BTC.D may recover, is the aquamarine-light blue Key Leverl which goes way back as a strong Support-Resistance line.
In top of that, there is also the Red Bolded Fibb' Circle which may act as a huge support, since candle's movement has been respecting that circle on the larger time-frame.
How-ever, Alt's Season Seems Likely to be taking place in the short-term... so be ready to Take Profits and add more precious SATS from your alts until Bitcoin put's a NEW ATH.
If you found this charting helpful so it can guide you better on your trades , We are happy to accept any Donation given only in SATS.
1PEcfn2PGoJTqhRNb9xchaCwJZGWw72hSj
Every SATS counts regardless it's amount
100.000.000 SATS would be life changing and dancing from the happiness in such an adrenaline rush, compared as getting out of an cold shower in a winter day.
Bitcoin Dominance is showing weakness over Black Fibbonaci Retracement Golden Zone, Fibb' is taken from the swing low of first Dotted Green Trendline to the Swing High has done so far and was rejected back down there.
In case BTC.D does not recover into the Golden Zone to Create Support there, than the Gann Faan level may be a bouncing turn.
And if that Gan Fnn' support doesn't hold including the dotted light-orange trendline coming below, than the Most Important support to Watch in order so BTC.D may recover, is the aquamarine-light blue Key Leverl which goes way back as a strong Support-Resistance line.
In top of that, there is also the Red Bolded Fibb' Circle which may act as a huge support, since candle's movement has been respecting that circle on the larger time-frame.
How-ever, Alt's Season Seems Likely to be taking place in the short-term... so be ready to Take Profits and add more precious SATS from your alts until Bitcoin put's a NEW ATH.
If you found this charting helpful so it can guide you better on your trades , We are happy to accept any Donation given only in SATS.
1PEcfn2PGoJTqhRNb9xchaCwJZGWw72hSj
Every SATS counts regardless it's amount
100.000.000 SATS would be life changing and dancing from the happiness in such an adrenaline rush, compared as getting out of an cold shower in a winter day.
Note
The Hourly Candle on which this idea was published closed below the Golden Pockets, and right now the next candle is testing the lowest gan faan, the dotted orange trendline and the fibb' level.Take your trades to a whole other level.
Stay SHARP!
Note
BTC.D tested the golden pockets after falling from it and breaking support, but it got merely rejected hard after reaching there from it's downside only to find it as a strong resistanfe area,pushing the candle's movement down.Take note that BTC.D respected the Gan Faan support, and also the Dotted orange Trendline, as mentioned in the beginning of 'Chart Legend'.
ALT Season is at the Door ... huge gains Incoming.
Note
61.16 BTC.D is a Huge support zone, expect a bounce there and if not, know that the Aquamarine is a KEY-LEVEL.. it these last two Support do not Hold, expect more downside. Until than when chart needs to be updated, follow the Cycle of BTC's price action to certanily know if the Alt Season has already started.Crypto is the best opportunity for today to make millionaires.
Although we are late into anticipating Bitcoin's Inception Era, we still have a good probability to make good fortune from Crypto.
Getting there needs patience, knowledge, and Discipline.
And when we get there, we'll have the best investment to be made for our life-time.. Real Estate, Physical Gold and Silver + Bitcoin..
Go against FIAT and Game will Reward YOU.
TRADE SAFE
Note
And here it falls ... Anticipate a short term upside unless BTC.D doesn't crash (testing the 21DayMA- yellow curved line) to get rejected from there going downside.
Alt Season is here ya'all.. PACK YOUR PORTOFOLIO
-Strong buy at least for the Sunday, because we need to see DXY opening up and how it will act.
Note
URGENT UPDATE !!!BTC.D found considerable good support before even falling down below as much to test the End of Fibbonaci Extension, the Fibb Circle marked on Red and without testing the Aquamarine Key-Level which has been strong Support-Resistance Zone .
For the moment BTC.D has found support at 0.5 Fibb Zone and is Testing the Gann Fan trendline.
We'll keep U update, for now, buying Alt's is a falling knife .
Beware of your capital and Trade Safe
Note
ALT Season may be postponed for a bit. BTC.D reclaimed finding support into the 0.5 Golden Zone of Black Fibb. More confirmation is needed for the Alt Season to begin, if it will. Trade Safe and RIDE THE SWINGSNote
UPDATE:BTC.D is on a Pivotal Point, the Bolded UltraViolet Line which Represents a Fibb'Circle-Ring [press play button to load bars to the moment BTC.D is at]
Anticipate a push up from BTC.D and wait for better-lower entries on Altcoins if that happens.
In case BTC.D doesn't find support at this level [which I doubt it won't have a bounce] than Biggest ALT SEASON is INCOMING.
Be ready and most importantly TRADE SAFE!
Note
Bitcoin Dominance has PLUNGED through all this time, making Alternative Coins to blow up and have a HUGE RALLY.If U can notice there is a key level Down Below drawn when this chart was released at 50.04
That is an importent key-level on the larger time frame on where BTC.D has had confluence in the past.
If PLUNGE has come to an end, Bitcoin Dominance may be changing the trend on increasing Bitcoin's Dominance versus Alts.
In that case scenario, Bitcoin's price must be check out.
If Bitcoin bleeds against USDollar while it's Dominance increases, ALTS will take a REAL BLOW until the Dominance's Knuckles Turn Purple!
No one can time the markets and no one knows how will things will play out.
But markets overall needs some serious correction!
They have been starting since March 14th 2020, creating New All Time Highs on a Bubble Fashion while DXY has lost some serious strength against other Fiat Currencies.
If Dollar continues up from here, Markets Will Correct, and Bitcoin and cryptospace don't make any difference, since everything is tied in with the Dollar.
If this happens to be the time, take watch at BTC.D and it's 50.04 Key Level to change the DOWNTREND that began when this idea was released.
Maybe the entire Bull Market overall Markets needs to cool down before going higher since it's due for some serious correction.
Look at the Bigger Picture guys!
Always,
TRADE SAFE
Note
Welcome to my Madness <3
I'm expecting a huge run up from BTC.D in the mid-term timeframe.
Alt's havebeen having a Fun Ride these last two months due to BTC.D Plunging and breaking KEY LEVELS from it's past indication.
However, be aware of DXY Index.
In case DXY starts climbing up the hill after the correction it has had and will be aiming for 92-93, Stock Markets, Dow Jones, Gold&Silver and also Crypto might be headed in danger zone in summer {the new Quarter].
There is also US President Joe Biden that has proposed to tax the 1% with 40% capital gains, plus stimulus checks might come to an end as 'recovery' is already there with vaccination and Covid war, not to mention interest rates which may rise since Interest Rates have remained at 0% since MARCH 2020 up to date.
In this case scenarion, look for US10YT-DXY-DOWJONES-STOCKS-BTC.D and BTC.D.
A black swan event like last year might not be the case, but a 10-15% correction of Stock Markets and Dow Jones, might plunge the Price of Bitcoin into 25-30k area from here.
With BTC.D pushing up while BTC/USD corrects and falls, Alts will melt like a ice cube place into the middle of Sahara desert in mid-day.
TRADE SAFE
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