Bitcoin Dominance Testing Key Support Right Now!If you zoom out on the bitcoin dominance chart (BTC.D) you'll see the importance of this searing hot white trendline — and the markets are battling once again for direction. There is a possible double top (indicated by the hammers) and price is resting above cloud on the 6 hour chart. A push below the trendline and into the cloud signals a drop in bitcoin dominance. Which means an alt coin rally could be soon.
Altcoinsvsbtc
Altcoins performed better after the last Halving than BTC/USDDuring the next days after the last halving the Alts market cap more than doubled and BItcoin's dominance dropped quite a bit. It will be interesting to see what happens this year though it seems that the interaction has changed with altcoins and Bitcoin been more correlated perhaps due to the larger FIAT pools with stable coins. In 2016 most altcoins had to be adquired via Bitcoin (ETH/BTC, XRP/BTC, LTC/BTC, etc) and this year this is not the case anymore since there are many altcoins paired with stablecoins.
Digibyte/Bitcoin Slaying the Chart! DGB/BTCAddressing the potential for an extended 5th wave and further upside from the DGB/BTC pairing. Here is a quick Elliott Wave count and invalidation point as to when we will fail to see further upside by dropping under 218 satoshi's. The argument for the extended 5th wave is that it appears to be a 1,2,1,2 scenario in the macro wave 5 and also the wave 3 if it's not extended just measures 1:1 ratio as wave 1 which gives a strong argument that its the shortest wave or too short to be a 3rd wave.
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Best of luck!
ETHBased off my strong USD DXY chart I feel that Bitcoin & altcoins r due for a larger correction & that this will be the end of these wild moves in eth from pumping to $200 then back below $100
for now, and that $ETH and cryptocurrencies should all kinda slow grind back up into EOY and we start another multi year bull market.
I am going to buy this dip around $90 for long term hold this coin.
#ALGOBTC.. IF IT IS NOT NOW, WHEN? I think there is no need to say much for #ALGOBTC, ALGO should act against Bitcoin soon..
Although there is no signal about returning from the bottom up yet, I think Bitcoin will bind to bed for a while and there may be opportunities in some altcoins, we will wait and see .. You can find important levels in the chart ..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
SOLANA - "ETHEREUM KILLER"Binance has just added SOLANA (SOL) .
Share your thought in the comments below and let's see how far it can go.
40% Upward potential, Long $NLGSlowly reaching higher sats range as answer to my question in my earlier post. All indicators showing an rising trend. RSI, MACD & MA-cross are indicator for a further rise of the coins sat value.
200 sats first resistance to test
240 sats second layer of resistance
If breach through this, possibility of reaching 400-500 sats in midterm.