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Bitcoindominance

💥Bitcoin last dive to $20,000#Bitcoin (Update) Here is a daily timeframe analysis with price in a rising wedge. As shown here, price is at the tip of the wedge. A breakout which can be an upward or downward breakout is needed. I expect Bitcoin to break downward for the last dive to $20,000 before the move upward to $37,000. Aside this post, Bitcoin is overall bullish. 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💰🥳🤗
Short
by PetrockFxTrading
1
Bitcoin Dominance may see massive recovery soonWe never quite made it to the 1.5x target from our double top back in Jan 2021. That's not to say it's still possible we see it and even reach the 2X target making new ATLs. However, I can see the possibility of a weaker low made near the top of the green support area, and that occurs and we turn back up from there, dominance may for a triple bottom (or an inverted head & shoulders). Should that occur, we will never see a new ATL and instead a very fast and hard recovery of Bitcoin's market dominance. This could mean two things: 1.) Bitcoin is about to destroy the altcoin market, and itself. 2.) Bitcoin is about to destroy the altcoin market and go on a tear. If we break below the green support, then expect the opposite to occur: 1.) Bitcoin may continue to correct upwards slowly, and altcoins may go on a tear 2.) Or, some of the most promising altcoins start to take away from bitcoin's dominance, and we end up with a new type of market. This particular idea is in support of the former, where bitcoin dominance goes up and fast, if dominance were actually a trade-able instrument, this would suggest "going long" after stopping somewhere near support (green box). Alternative idea linked under related ideas below, supporting either movement in either direction. Here's a zoomed out view of line chart, showing our Jan 2021 double-top, and our previous low (ATL), which is still lower than the 1.5X target for the double-top:
CRYPTOCAP:BTC.DLong
by dudebruhwhoa
2
Most Likely Bull-Run!Bitcoin Dominance chart approaching Key support and a Grand Test of the 40% Level, which is now support. Just below it is our POTENTIAL Bull Run Entry. Yes fellows, when this price drops ALTS rise. Don't get too excited too early, that's never good. We are close to support and we need to see how the price reacts then. What happens at the Blue 'Bull Run Entry' level? I'm buying more smaller-Cap crypto and going for holidays for a month.. that's what's happening. One Love, The FXPROFESSOR PS. Ethereum is the number ONE Altcoin contributing on this chart. Eyes on Ethereum as explained on my last posts
CRYPTOCAP:BTC.D
by FX_Professor
3
BTC.D - The Alt Season just started! + Elliott Wave The 14-month consolidation period has ended; it was truly an endless period of price action, but nothing lasts forever! ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend. According to my Elliott Wave analysis, we are now in the 3rd wave and this could be huge! Bitcoin Lightning network is still not supported by major exchanges because it is not in their business plan, and this is definitely a positive sign for altcoins. What to do during the alt season? It's good to pick promising altcoins, which is not an easy task, but even very bad coins can easily pump. Look at my ideas about interesting altcoins in the related section down below. For more ideas, please hit "Like" and "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
52
Dominance BTC.D - ALT SEASON STARTING! + ABCDE Completed The 14-month long consolidation is over, it was truly an endless price action, but nothing last forever. ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend. According to my analysis of Elliott waves, we are now in the 3rd wave and this can be huge! Bitcoin Lightning network is still not supported by major exchanges, because it is not in their business plan and this is definitely a positive sign for altcoins. What to do during the alt season? It's good to pick promising altcoins, which is not an easy task, but even very bad coins can easily pump. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
CRYPTOCAP:BTC.DLong
by UnknownUnicorn2537518
18
Bitcoin Dominance Ascending ChannelThe Bitcoin Dominance Index (BTC.D) chart is trading within an ascending channel. It feels strange, this chart. Putting together all the data we've been collecting in the past few months, I can't make anypredictions here but, we can focus on reading the chart. > The ascending channel is bullish. > The fact that BTC.D is trading above MA200 is also bullish. > We have higher highs since January 2022. Bitcoin Dominance can easily grow here based on the chart technicals. Namaste.
CRYPTOCAP:BTC.DLong
by AlanSantana
3
BTC.D Dominance - When Alt season? + Elliott Wave + Sym.Triangle- As per my Elliott wave technical analysis on the weekly chart - we can expect a retracement (ABC) in the immidiate short term. - But in the long term bitcoin dominance should go down and make a new lows. - We have a descending triangle , which is a bearish pattern (on the weekly chart). - If you are an Elliott wave trader, please submit your analysis below, so i can check! - Look at my ideas about Bitcoin, Ethereum and TOTAL crypto cap in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
3
BITCOIN DOMINANCE giving us the right rally signalThis is an offer overlooked metric. The symbol BTC.D which represents the percentage of Market Cap BTC Dominance can be a reliable indicator for Bitcoin's (BTCUSD) long-term moves on a Cycle scale. As this chart on the 1D time-frame shows, during the previous Bitcoin Cycle (pane below displayed in orange), the rally coincided with the BTC.D breaking above its 1W MA100 (red trend-line). On June 12 BTC.D approached it but fell sharply again below the 1D MA50 (blue trend-line), finding Support on the 1D MA200 (orange trend-line). Right now the price is attempting another rebound, compared to late 2018 we can be anywhere within October - early December 2018, meaning that such volatility may be indicative of one last bottom before entering the new Bull Cycle. Regardless of that, crypto investors with patience in their mind can wait for the right opportunity to buy when the Bitcoin Dominance closes a week above the 1W MA100. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
CRYPTOCAP:BTC.D
by TradingShot
4
BTC.D - Market Update 29.06Hello Traders! Since last May, bitcoin dominance has been moving within a wide range of sideways movement between 39.30-48.00%. In the May-June sell-off wave, the dominance value tested the 48.00% level, followed by an impulse correction. Most of the altcoins showed growth from their local minimums within 40-50%. If the selling pressure on the market continues, we can expect another wave of growth on the dominance chart to the 50-52% zone, which will allow buying altcoins with a significant discount. Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
CRYPTOCAP:BTC.DShort
by UnknownUnicorn10064030
TRIAS NEEDS TO BREAK OUT elliott wave these are the two possible short term scenarios we have for TRIAS, 1. We have completed the correction, the bottom is in and it is time for a reversal, these would mean we break out of the channel and start a 5 wave impulse up, the first levels at around $4. 2. If we do not breakout from this channel right now and start to see more downside, then we MUST put in a 5 wave impulse to the downside, I would suspect we see a reversal right after that. (first wave up to 3.8) PLEASE NOTE : trias follows bitcoin heavily and depending on what happens with btc.d (view linked idea), we may have fake outs but the overall idea would be the same to simplify what this idea means, we either break out heavy to the upside now or we must put in another 5 wave impulse to the downside before a reversal
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by joshwashington
3