BTC.D (BTC Dominance)
Updated
If you have been following the two posts I have made so far on BTC dominance, you would know that we are in an Alt Season. See one of the posts here (tradingview.com/chart/BTC.D/BcuGfgKi-BTC-D/)
There is a significant low indicated by the blue line on the chart and once that is taken, I expect a short term resurgence in the index after which we may see further down side to lower levels. A peek at the weekly TF also shows how low BTC.D may get if it continues to trend downwards.
Another way to gauge the Alt season or lack of it, is to follow the data at blockchaincenter.net. it also clearly shows that Alt season is under way.
In alt season we expect to upwards movement on most good projects and even parabolic movements on some with sporadic pumps across the popular niches like Defi, NFts and the likes. Some of the smaller cap coins will sporadically keep spiking between 20% and up to 55% with coins such as THETA, TFUEL, ADA, ZIL, DGB being very strong coins longer term. Most to all ALT coins will go upwards into April.
Keep following me to see some personal trade ideas.
**If you want to learn how to trade the Cypto markets chat me up and lest talk**
There is a significant low indicated by the blue line on the chart and once that is taken, I expect a short term resurgence in the index after which we may see further down side to lower levels. A peek at the weekly TF also shows how low BTC.D may get if it continues to trend downwards.
Another way to gauge the Alt season or lack of it, is to follow the data at blockchaincenter.net. it also clearly shows that Alt season is under way.
In alt season we expect to upwards movement on most good projects and even parabolic movements on some with sporadic pumps across the popular niches like Defi, NFts and the likes. Some of the smaller cap coins will sporadically keep spiking between 20% and up to 55% with coins such as THETA, TFUEL, ADA, ZIL, DGB being very strong coins longer term. Most to all ALT coins will go upwards into April.
Keep following me to see some personal trade ideas.
**If you want to learn how to trade the Cypto markets chat me up and lest talk**
Note
BTC.D has breached 2 critical points we outlined (the blue thick lines). Its no wonder ew see some pull back in the markets. The rules are simple: take out liquidity at some major S&R and then take some profits. If the Alt season is to continue, then BTC.D must break below the current support and push even lower. That's pure supply and demand at work
Note
Once BTC.D closes the gap as shown here, we would expect some pullback on ALT coins and a resurgence of BTC to break ATH.
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