BTC.D, which will it be 94.9 or 60.64?Either BTC drains alts or stomps alts to death. Which will it be?
Bitcoindominance
Time for alt season? Rising Wedge Continuation Pattern
The rising wedge pattern just broke down on the BTC.D chart. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend.
Trade opening should be upon once the support (blue) is broken and retested as resistance .
Target a.k.a. Take Profit (purple) should be the vertical distance between resistance (yellow) and support (blue) at the starting point of the wedge.
Stop-Loss (red) should be placed slightly above the resistance of the wedge (blue).
Win to lose ratio : approximately 3:1
Last but not least, the above scenario perfectly coincides with the #divergence (orange) on the RSI.
ADA is about to gain momentum against BTCFalling Wedge Continuation Pattern
There is an easy to distinguish descending wedge pattern on the ADABTC chart that has been forming for over a month. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend.
Trade opening should be upon once the resistance(blue) and previous lower high(green) are broken.
Target a.k.a. Take Profit (purple) should be the vertical distance between support(yellow) and resistance(blue) at the starting point of the wedge.
Stop-Loss ( should be placed below the lowest traded price(red). Moreover, the same level has acted first as resistance and lately as support for the past six months(green-purple channel).
Win to lose ratio : approximately 3:1
However, ideally, we would have another signal to back up this theory, such as divergence on RSI. Unfortunately, that's not the case as of now.
Last but not least, the above scenario perfectly coincides with the rising wedge pattern on the Bitcoin dominance chart BTC.D and the expected effect of the upcoming release of the smart contract on the Cardano ADA blockchain , which should happen towards the end of August/start to mid-September. However, the concrete date is yet to be set.
Ethereum Dominance - Could Reach 33+%ETH.D could reach 33+ % if we can break above the neckline here @ 20-21%. Failure to do so could see a massive drop in the opposite direction.
$BTCDOM/USDT 2h (Binance Futures) Ascending triangle breakoutBitcoin Dominance just broke-out bullish and is likely to continue short-term after 50MA retest.
Current Price= 1080.1
Buy Entry = 1080.4 - 1072.5
Take Profit= 1104.2 | 1125.6 | 1156.7
Stop Loss= 1052.3
Risk/Reward= 1:1.15 | 1:2.04 | 1:3.33
Expected Profit= +20.64% | +36.56% | +59.68%
Possible Loss= -17.92%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 8x
Estimated Gain-time= 5 days
BTC Dom DroppingI foresee that btc is will rise to retest the trend line and resistance but will ultimately retest the lower low.
Expect altcoins to make a nice run if BTC does in fact fall after the retest.
Which way will it break?!Personally I think it's too soon to expect an alt season, the reasonable time for money to flow in those coins is after a BTC ATH, and if Bitcoin moves towards the new ATH, BTC.D will only have one way to go!
Looking forward to hear your thoughts.
Could Bitcoin start to overperform again ?Bitcoin has been underperforming recently (in relation to altcoins) and crashed from 72 to 40% dominance.
It was recently very much oversold.
Could it be at the start of overperformance agein ?
Too soon to say ... but important to keep an eye on !!
BTC.D 🚀Hi everyone,
wish y'all have a profitable life 🍀
📍 I can see some raise in Bitcoin's dominance in parallel with the Bitcoin price growth.
⚠️ BUT, I still am not completely sure if this growth is smart money or a possible bull-trap, however I trade EXTREMELY carefully nowadays, plus I need to see the 44k zone to be broken and watch the volume indicator CAREFULLY.
📌 I personally think that the 50% zone needs to be tested!
⚠️ This growth is not a good NEWS for the Alt-coins.
THIS IS NOT A FINANCIAL ADVICE
PEACE 🍀🕊
BTC DOMINANCE PASSING A CRUCIAL LEVEL!!Bitcoins dominance level is on the fall once again after i thought we would see it happen a bit earlier but none the less this is positive for the market overall! We have actually passed a very crucial level here that could bring us an overall trend reversal, we have crossed the pivot point and if we can secure a daily close here we have a very good chance of turning to a downtrend which in turn could drag down the market initially but afterwards as dominance gets lower and lower altcoins will start to make some explosive moves. Also looking at the bollinger bands we are headed towards the bottom band which whenever that happens we could see a bigger fall if price action starts to ride the bottom band, very important is if we keep trailing downwards getting that midline on the BB below that pivot point will give us an extra layer of resistance so hopefully we can stay below the pivot point keeping the BTC dominance downtrend going! Now the RSI looking pretty bearish which in BTC dominance terms i see as good, we have crossed through the midline at the 50. point and if we can keep pushing downwards and hold below this line we will be looking at a confirmed downtrend, we have been in an uptrend for a months time now and i feel like we got a good chance of reversing that here and getting back to the bull cycle / altseason! not financial advice just my opinion!
BTC.D (Good Sign for Altcoin?)BTC.D
Bitcoin Dominance starting to break its trendline support
If the strength bounces up and finds rejection on previous trendline
Expect a bearish move down to 44 Dominance level
Altcoins may perform strongly during the downward action
BTC.D Rising Wedge TargetRight now we see Bitcoin's Dominance ratio form a bearish rising wedge pattern that sees a target of the original swing low around 41.20.
This could see a good push for prices in alt coins and a stall of BTCs price action.
BTC dominance - signalling AltSeason to resume ??It seems to me that the BITCOIN DOMINANCE is signalling that the AltSeason could soon resume !!
After having broken down at the 72 level it rapidely collapsed until the 40 level.
In my previous post (2 months ago) on BTC DOMINANCE I stated that "it could start overperforming" again (with the 50 level in mind).
Now that it has recently reached the 49.22 level it got rejected at the top of the bearish wedge. I think we are done !
If it breaks 47 we could see the Altcoin market resuming again !
We could indeed see Bitcoin making new ATH, but I feel like the Altcoin Market will soon outperform Bitcoin again !!
Let's follow BTC dominance closely...
BTC.D Bitcoin Dominance - Elliott Wave + Alt Season!- Update for BTC.D chart on the weekly timeframe.
- The chart is showing us that bulls are forming an ascending triangle.
- Which is something we do not want to see, if we want ALT SEASON!
- However, i bealive the index will continue to drop down after the triangle plays out.
- The triangle can also morph into a bear flag, which is something we want to see on the other side.
- This is my Elliott Wave count, if you have something better, please let me know in the comment section down below.
- 200 moving average is a strong resistance, so keep that in mind!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
Bitcoin\EthereumEthereum looks bullish against bitcoin in BtcEth pair
Macro targets in the chart if the bull pennant breaks out as the plan.
Take under control Bitcoin and Ether dominance to have more accuration if you trade Btc\Eth
Ethereum can overperformance bitcoin in long term
You dont need sell ethereum in usdt, just swap it in bitcoin for higher gain
#Bitcoin Dominance Pump Incoming? Alts in Danger!Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
Let's get straight to the chart.
It's been a while since I posted this chart on BTC.D,
BITCOIN Dominance is currently facing the triangular resistance.
The rejection would lead to some rally in BTC pairs.
Unless we see a confirmed breakout or a breakdown it's better to wait for now.
IMHO Bitcoin looks prime at this point so if the current money in the market flows in BTC we won't see much change in ALTS/USDT pairs. Instead, we will see a dump in BTC pairs because of an increase in BTC dominance.
What's your thought on this? Do share in the comments section.
Stay tuned
More updates coming up.
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
BTC.D near strong resistance#BTCDominance
BTC.D is now facing a strong resistance zone, also RSI is above 70 that shows it will reject from this zone, that might be another chance for #ALTs .
What to do with Altcoins? 🤔🤔Many people ask for an analysis of altcoins.
What to do?
When to buy?
When to sell?
I get questions like this in my personal messages every day!
Let's figure out what to do.
The bitcoin dominance chart clearly shows that the price has broken away from the significant 40 mark. After that, it has been moving in an uptrend for a month, which is not good for altcoins.
The price has now entered a zone where the fate of all altcoins will be decided.
Bitcoin dominance - 2 scenarios:
a)If bitcoin dominance breaks the upper resistance level, then all altcoins will start to decline further and the best solution is to sell.
b) If bitcoin dominance breaks the lower support level, it will be a good buying opportunity and the altcoins will rise well.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Super Alt-Season - BTC.DFalling in stages 1 then 2
It can be observed that this was the case in the first alt season
A larger alt season is yet to be uncovered
The Super Alt-Season
Bitcoin Dominance - Alt Season LevelsIf we are going to see further downsides on Bitcoin dominance, these are the likely points of descent price will reach
Yellow - Extra Alt Season
Red - Super Alt Season
Bull Cycle coming back soon!??Bitcoin dominance is coming up on a very important level which is the pivot point where if we cross and breakthrough here we could see a nice reversal to the downside which means that at first BTC and crypto will most likely fall but after that when BTC dominance is lower markets will start to thrive, especially altcoins! The RSI is also coming up quick on the midline, if we can get a break here and a confirmed retest to the downside we could find ourselves in a confirmed downtrend, this would be very positive for btc and altcoins as we get lower and lower dominance alt coins especially will start to really boom. Looking at the bollinger bands we are sitting right on the midline of the bands and its definitely possible we get a bounce here to the upside, but at some point soon i think we are going to get a break below here where we will then get some more downside momentum.
BTC WARNING! POTENTIAL HUGE DROP INCOMING Bitcoins dominance is looking very stubborn after refusing multiple times to break below the 45% level and now rebounding once again back upwards. I think theres a chance we see a pump in BTC dominance and that usually brings a big hit to the actual crypto markets, i think we could see a 'top' around 48% dominance before then falling back down and ultimately then resume our bull cycle. We are in a pretty "dangerous" position right now with our candles starting to ride up the top bollinger band and in most cases when that occurs we then have a big spike upwards. Our pivot point to the downside is around 46%, and by how things are looking we will have to have a top before we come back down to this level. Now looking at the RSI we are well above the midpoint in now a confirmed uptrend but we are going to be soon approaching the overbought area where then i think we could see a fall back downwards. So overall like i was saying yesterday i dont think this pullback is over for BTC and the market and that we could see some more downside in price or upside in dominance before then resuming our bullrun. I dont think we are too far off here i would say maybe the beginning of august or so is the timeline i would guess that we could atleast start to see some metrics and indicators start the process of flipping back bullish! Not financial advice just my opinion!
