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Bitcoindominance

📈 Bitcoin Dominance To Hit Its Highest Level In 2 YearsBitcoin Dominance has been trading above EMA10 since December on the weekly timeframe and is now gearing up to move to its highest level in two years. All the technicals are really good/strong/bullish and the stage is set for Bitcoin to shine. The initial jump will push BTC.D to 47%. This will be followed by an even bigger rise to 52-55% dominance and finally 60%. Long, long-term it can go even higher based on what I am seeing coming from this chart. Namaste.
CRYPTOCAP:BTC.DLong
by AlanSantana
9
Bitcoin Intraday Technicals: Consolidation Continues BTCUSD declined from $16,929 level since yesterday and now is trading in-between CRYPTOLEAN lines. Above $16,929, BTCUSD will move towards $17,688. Below it, we will see more downside pressure towards $15,678, but the price action will remain choppy. We will monitor the following scenarios. Scenario 1. A strong closure above $17,688 will make Bitcoin more bullish, but it will remain choppy towards $18,981. Scenario 2. A re-test and rejection of $17,688 will push Bitcoin down towards $13,447-14,403 and, possibly, lower. Scenario 3. A strong closure below $15,678 will push Bitcoin down towards $13,447-14,403 and, possibly, lower. Scenario 4. A rejection of $13,447-14,403 with a strong price action will push Bitcoin up towards $17,688 and higher.
BINANCE:BTCUSDShort
by Trade-Lean
Bitcoin Dominance UpdateIt looks like Dominance has broken all the hearts that believed in a huge alts rally! Bitcoin Dominance (Tradingview) bounced from near the 40% area and it is expected to continue with bullishness, that too with Inflation data release waiting up tomorrow.! Entry : 1326 Target : 1473 (0.5 of Fibo) Stop : 1243 (Current day candle low) Total no. of Analysis : 18 Successful trades : 12 NPNL : 3 Stop Hit : 2 Lost : 0 In Progress : 1 Bonus target is 0.618 of fibo ( 1557 ) in a worst case scenario. Safe trading!! Cheers!!
Long
by kjrthi
USDTNGN - To drop to 630/$ then rise to 800, 900 & 950/$#Nigerian Naira Rate (Update) Day after day, the Nigerian currency is losing it’s value. Here is a weekly timeframe analysis. Based on technical analysis, Naira broke it’s major resistance at 630/$ to $710 and pullback is needed to gain momentum for the next run up. Therefore I expect a fall to 630/dollar before a rise to new price target at 800, 850, 900, 950 per dollar. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
UShort
by PetrockFxTrading
9
BITCOIN DOMINANCE: A RALLY EXPECTED!Shalom traders! I hope your weekend went well. Another week we ended up with some good profits and BTC still holds the support level. Today, we will analyze the BTC dominance chart and what this could mean for the market. Timeframe: 3 days. Update: BTC dominance has been a helping hand for the traders to analyze the upcoming move on BTC. As we can see in the chart that the BTC.D is under a trendline and it has been beautifully following it. According to the chart, we can expect a rally on BTC.D in the upcoming days which means BTC and altcoins in the BTC pair may possibly rally. The invalidation point will be the lower supporting trendline at 38.8%. That's it from my end. Thank you.
CRYPTOCAP:BTC.DLong
by Dexter_The_Trader
7
BTC.D - The Alt Season is around the corner! Don't miss it. The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen.  The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.  It's really important to pick the right altcoins because we are not in 2017 when even scam coins pump.  We have been moving sideways on this chart for a long time, but nothing lasts forever. I expect a breakdown of this bearish rectangle pattern very soon!  As per my Elliott Wave analysis, this structure is very bearish and we should continue down with another impulse wave. From an EW standpoint, an ABC correction has been completed, so there is probably nothing that can stop this downtrend.  ALT SEASON usually happens when the BTC.D goes down. It's usually during bull markets. When we are in a bear market, everyone is selling their altcoins and buying bitcoin instead.  The 0.618 FIB extension from wave (1) to wave (2) is the next target, but I think we can go even lower later.  Make sure to pick the right altcoins. I expect tremendous gains for selected altcoins. You can find them in the related section down below.  For more analysis, hit "Like" and "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
64
BTC.D is on the rise. Altcoins bloodbath is coming?4th, October 2022. At the time of writing, Bitcoin is still ranging from $18k to $25k level since early June. 4 months of ranging in a low level zone. In that 4 months, Altcoins also having some really nice gains, with Ethereum and The Merge is the most hyped event. Money flew to $ETH, making BTC .D hit the support. The question now is, can Altcoins keep the momentum? The answer from Chainslab Analytics, is highly unlikely. From the Technical view, majority of Altcoins backtested the criticals ex-support in August (For example, ETH @$2000, $BNB @$33x...) Now they might hit it again if BTC have another rally, but the strength and momentum in Altcoins/ BTC pairs faded away. From the Fundamental view, last quarter has never been a good time for altcoins rallies. VCs, MMs and other entities that need liquidity for EoY Financial Reports must grab on to liquid and profits. The macro view also bad for tech startup across the globe, making it harder for altcoins to held another big rally. Of course, there are still some altcoins that have good gains, or a 5-10% price rally. But BTC .D is set to get to 48% level, and $BTC likely will remind the whole market that who is the king in this space. Maybe it will start with ETH/BTC back to 0.055x again. Whatever you do, at this sensitive market condition, please keep some cash and some Bitcoin . Comment below on which pair/altcoins that you want to get analysis of, and we will be happy to help!
CRYPTOCAP:BTC.DLong
by Chainslab_Analytics
5
A potential double bottom may be forming for btc dominanceWe are seeing a big green candle on the 1 day chart (not shown here) right now on btc dominance. It is suggesting that perhaps the bottom is in for btc dominance. We also happen to have bullish confluence for this scenario because even though the current bottom is slightly lower than the previous which create a slight downward slant to the double bottom pattern….when we take that downward slanted trendline, clone it and then move it up to where the neckline of the double bottom would be, it creates a perfect parallel channel which only adds credence to this begin a valid double bottom -and- a valid channel at the same time. Of course you can’t assume a double bottom is going to play out until a breakout is confirmed, and with price action still near the bottom of the pattern and nowhere near retesting its neckline yet there’s no guarantee this pattern will play out. Worth keeping an eye on for sure though which is why I am posting this idea. I chose to post the weekly version of the chart instead of the daily because it seems more valid as a weekly pattern and there is also less noise making it easier to see the pattern. *not financial advice*
CRYPTOCAP:BTC.D
by DrDovetail
1