Bitcoin Dominance - Inverted scaleResistances are found tangentially and horizontally. Depending on the speed of BTC's movement, the curve may touch the resistance.
Bitcoin-dominance
BITCOIN DOMINANCE to the moon? What's the effect?if BTC.D or the bitcoin dominance shows another bullish pattern after a not so perfect inverted head & shoulders. we'll expect bitcoin (BTCUSDT) to go dip and expect a major dip around 30K down to 20k which will also affect other altcoins. This is not to create FUD, but to inform everyone to save some buying power and buy the next dip. :)
let's wait for another confirmation. A positive catalyst can change the analysis.
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BTCDOM Familiar Bottoms Demonstrating the two peaks of altcoins, each touching 2.618
This slow recovery may give Ether the needed Push to adjust to its new place (higher place)
I make this assumption as BTC seems to be topping on a weekly chart (BLX), while ETH wants new highs
Probably due to the NFT madness
Price floor and ceilingTrading in 4-hour timeframes and buying floor and ceiling prices in the descending channel
The Bull Case for Bitcion - BITCOIN DOMINANCE Cup and HandleHere is what I am looking at for the potential bull case for Bitcoin in this volatile market. There is a Cup and Handle Pattern developing on ticker BTC.D aka Bitcoin Dominance. This tracks how strong Bitcoin is against all alt coins. If this breaks to the upside past the neckline, we could see a 13% pump to the upside against altcoins. This in turn could also pump Bitcoin ticker BTC to be clear, up 13% also. The price target for this potential long trade would be $49,000 - $50,000.
If you are Trading any breakouts, always watch the volume. In a perfect world you will want to see a volume spike to confirm the breakout. Next issue is Throwbacks and the fact that a Tweet can influence the market.
The narrative going around right now is that Bitcoin will start recovering after all the coordinated FUD is over with. A good indication that the narrative is changing is you will start to see some hype about Bitcoin and it should start winning some of those arguments. Especially, the electricity narrative and how much Bitcoin is actually mined using clean energy and how that will improve over time.
If you like these updates give me a follow and a like and I'll keep calling it like I see it.
And if you are wondering what the big read diamond is and yellow x's, I use Market Cipher. If you haven't seen anything about the creator of the indicator, go check out @CryptoFace on YouTube he is a legit trader using only this system to crush it. Good community too.
- Flava
Bitcoin Dominance - 2017 Fractal - you have 1 month !!!Hope everyone is doing great after yesterday's crash :)
If you still in alt-coins, I would consider closing them in the coming weeks.
The fractal of 2017 is perfectly goes with the current situation: BTC will consolidate for some time before the next move. Use this time to fix to stables, don't be greedy
Good luck guys!
BTC dominance hit resistanceThe Bitcoin dominance has hit its resistance (Daily moving average). Has trouble climbing back up and taking more market dominance.
That's another indicator that altcoins will continue to boom in the coming months.
BTC.D correction for the next leg downThe movement has already been completed for this leg and I think around this area we will slowly go up for a pullback to the last resistance and then we can break this area for the next leg down.
BTCUSDT - Way Down We Go (Bitcoin)I really loved that song. it's by KALEO, you should listen to it!
Alright back to Bitcoin: As you can see in my previous idea, that was no noise and now we're officially out of the regression channel.
BTC dominance is around 52. so it's all bearish right now.
Some people say it's a "dip"... but there are no bulls buying this dip right now! They're still holding tho... but they're no buying at any price.
The bull run is over for now, so Altcoins are going to recover while the market starts being stable.
I've shown the support areas for you on the chart.
Don't buy, Don't sell if you're holding! Just watch the market fall apart for now.
And don't forget the song!
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
BTC dominance analysisBTC Dominance
the dominance is setting at strong Support since 2017
Be careful because there is high probability it can rise from here to re-test resistance zone first (between 58-60) before further drop ...the result will be correction in altcoins
The 2nd scenario :
which is a drop from here directly toward 40% area if that happens we can expect potenial altcoins to do more x10 - x20
This week is very important for BTC and whole market
Risk management is the key to survive in trading
Good luck
BTC: Prospects for a bounceWhile I think BTC may be starting now a major correction akin to those in January and February, we should bear in mind two other things:
1) On the BTC Dominance chart, this last drop coincides with a historical support level that was important twice in the past: 03 April 2019, and 23 September 2018. The next major support level down dates to 29 March 2018.
2) On the BTC money flow index, the trendline marked has until now provided a bounce to the upside. We have broken down through this line at present. Nonetheless, there is strong upside pressure below it. An indicator to watch in the days ahead.
Feel free to comment.
Bitcoin Dominance Down - ALT COINS GET READYBitcoin dominance is about to close its second consecutive weekly candle below long term support. I expect it to fall even further and for alt coins to make an epic run here.
NOT financial advice
Alt Coin Market Cap ChartIs anyone else watching this, if Bitcoin dominance continues to decline while alts take more market share , then we're entering a new altcoin phase imo.
For instance, the alt coin dominance may be in the process of S/R flipping a huge resistance. Blue sky break out? Moon targets?
BTC Dominance Idea UpdateMy previous idea has played out as expected although even more bearish
I am expecting Ethereum to surge due to its own TA since it is breaking out. The bullishness of shitcoins also adds weight to BTC.D continuing to fall.
This is a pretty simple one so not much to explain. Feel free to ask questions. Buy shitcoins and Ethereum (not financial advice).
BTC Bitcoin Dominance Failing. Head and Shoulders Pattern Now OnGreetings Traders,
I have patiently been waiting for this pattern to play out. It has now been confirmed.
THE REAL ALTCOIN SEASON HAD BEGUN!
One word of warning though, don't be greedy. I do believe that this altcoin season will be quick, maybe less than 2 weeks? I expect most coins to pump and 2x their price from current levels. So, after your coin of choice has pumped, be quick to take your profits. Don't hold on this pump unless you are a HODLer and not a trader.
Best of luck traders!
ALTSEASON HAS STARTED. ARE YOU POSITIONED WITH SHITCOINS???MONEY IS GOING TO BE RAINING DOWN FROM THE HEAVENS THE NEXT FEW MONTHS. REMEMBER TO CASH OUT ALONG THE WAY INTO BTC OR USDT/C
BTC Dominance // What happens at the top?BTC dominance // top or continue the uptrend? Lets wait and see... See chart for crucial levels and scenarios.
This is not financial advice, just my opinion.
BTC Market Cap Dominance - Wycoff Acc. Entering Phase D?Hey all, take a look, let me know what you think. In my opinion, it looks like like were heading for ATH and beyond in the near future, as most of us do. This i think confirms it for me.
We're just coming off being oversold for quite some time and it seems like a Wycoff Accumulation is coming out of Phase C and into Phase D where price can get explosive. Might play out over some time as we build this last point of support and then show our sign of strength back up.
I think a strong confirmation of this trend would be the money flow going positive (green) and a close on the daily above SC and then again above the Automatic Rally (AR) . Definitely a longer term trend but I think those are most reliable.
Another Wycoff post but i feel thats all I see right now, heh.
Appreciate the feedback from my last post!
Please share your thoughts and provide as much feedback for me to learn from as possible. I greatly appreciate it!
BIG
Bitcoin dominance Bullish TriangleWill this come true? Do you all think this Triangle is drawn correctly? Anyone want to point out flaws in this drawing?
This is a Critical Point For BTC DominaceThis is a Critical Point For BTC Dominace. We will see a big movement this week
Possible Paths for BTC DominanceThe future of crypto will be interesting to see. I think BTC will keep losing dominance, but the institutional money is definitely flowing hard in to BTC.
Whatever happens around this current price area will be pretty pivotal.
Looking at this as a Wyckoff accumulation pattern is similarly uncertain. The huge volume now could either be selling (due to how high in the range it is) or absorption (due to the tightness of the candles).
However it has also fallen through multiple major S/R lines, meaning it would likely take a long time to regain them as support.
Only time will tell!
Super Speculation Mode: If this move plays out, it could form a massive multi-year ascending triangle. And as the crypto space matures, Bitcoin dominance will surge as all the billions of shitcoins die off and mostly only the real projects remain.
