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Bitcoindominance

ETH/USD - correction wave - market updateHello, Traders! After the rapid growth, the market went into a correction. The price drop interrupted the buyer's liquidity buffer in the range of $480-520. On the weekly chart, we clearly see a bullish correction of the entire upward movement from September. The price has tested the lower bound of the trading range 488-626$. To continue the ETH altcoin rally, it is necessary to form a support level and gain strength to exit the range 488-626 $ to the next level 828 $. Bitcoin Dominance We can see a bounce back to the 64.24 level on the chart of bitcoin dominance, which is a quite normal correction. If the level 64.24 becomes a local resistance, it will give an impetus to the continuation of the decline in the Bitcoin domination to the level of 59.83 and the continuation of the growth of altcoins. Watch out for the market and leave your feedback in the comments below!
COINBASE:ETHUSD
by UnknownUnicorn10064030
1
BTC.D pattern analysis (Rising & Descending broadening wedges)Hello everyone, Today I´ve prepared for you Bitcoin dominance (BTC.D) analysis based on patterns. The 1st one is: BEARISH rising wedge The rising wedge can be one of the most difficult chart patterns to accurately recognize and trade. While it is a consolidation formation, the loss of upside momentum on each successive high gives the pattern its bearish bias. However, the series of higher highs and higher lows keeps the trend inherently bullish. The final break of support indicates that the forces of supply have finally won out and lower prices are likely. There are no 100% measuring techniques to estimate the decline – other aspects of technical analysis should be employed to forecast price targets but I tried to draw it for you for easier recognition in the left top corner. The 2nd one is: BULLISH descending broadening wedge after a peak A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is usually formed by two diverging bullish lines. There are no 100% measuring techniques to estimate the decline – other aspects of technical analysis should be employed to forecast price targets but I tried to draw it for you for easier recognition in the right bottom corner. The price objective is given by plotting the wedge’s maximum height onto the breaking point A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line. Each of these lines must have been touched at least twice to validate the pattern. NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times. This implies that the descending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times). Statistics of the descending broadening wedge after a peak - In 79% of cases, the exit is bullish. - In 23% of cases, a descending broadening wedge occurs in a consolidation movement. - In 81% of cases, the pattern's price objective is achieved when the resistance line is broken. - In 40% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line. I personally think that we had in previous days Bitcoin dominance fake out which seems to be turning into alt ralief/btc catch up run till the end of December/ January which could drag BTC.D down to approx. 53% again. Rest is showin in the chart. I previously called the top of it and expected the approx. path here This is where we are now at So I´ve decided to make a update with new prediction call and that bringed us to current TA Hope you like this technical analysis and I wouldn´t mind if you please leave a like & comment to me as a feedback is very importan for me. Thanks ! ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only. KEYWORDS bitcoindominance, btc.d, BTC.dominance, dominance, Market CAP BTC Dominance, %, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
CRYPTOCAP:BTC.D
by Anoinvest
5
LINK Looking A Little Bearish (Short Term)My Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ---------------------------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: It seems that LINK Marines and their longs are hitting a relatively strong resistance level , in which LINK has failed to penetrate through this level. Moreover, w/ the market sentiment signaling greed, it would not surprise me if we see LINK re-test lower supports as a momentum builder to go on and make higher highs. However, w/ BTC maintaining dominance w/in the market, Atls remain second fiddle. This narrative of BTC holding on to dominance for a while longer is supported by BTC's money velocity chart showing lower lows, signaling people are holding BTC vs's trading. Thus w/ major institutional players buying up BTC induces these aggressive BTC moves to the upside.
BITFINEX:LINKUSDLONGS
by AB_Trading-Intelligence
Bitcoin Dominance Answers: Altcoin SZN, or another DEAD SZNHey! This is price action analysis for BTC.D (bitcoin dominance over altcoins). During next couple of month there is an opportunity for short-term alt season, but we need to see all options. So importance level are at 66.66% dominance, if price going to break one we going to see huge dump of alts, I can say -50% from current prices over couple of months. Another hand is more likely we will get an short alt season if btc.d% break down from 65% towards 62.20% this will make alts huge pump. Speaking from my experience it might be over 2x-5x on certain coins/tokens Check the chart and if you like the visuals, let me know by pressing like. Stay tuned! BR, Artem Shevelev
CRYPTOCAP:BTC.D
by ArShevelev
11
AAVE Will Make Many of us Millionaires!!!!!!My Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ---------------------------------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: AAVE has final release V2 on the KOVAN Test-net in which takes DeFi to the next level, with debt tokenization, LOWER gas fees, and predictably rates for liquidity providers, and so on. As BTC is dominance is hitting resistance DeFi, along with Alts, should enter a new bullish cycle. However, AAVE needs to set its footing by creating solid support levels, as it continues to make new highs. Therefore, 9EMA is looking to cross the 20EMA to the downside, but maybe a fake-out, in which we get a bounce of the 20EMA and re-test $63 region. And then off to a final leg down for further support confirmation @ $55 and $45 region. Pack your bags and BTFD!!!!!!!!! AAVE to The MOOM!
Long
by AB_Trading-Intelligence
2
DOT Reclaims $5.50 ?My Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ---------------------------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: DOT has been stuck w/in this region of $4.90 - $3.74 for roughly over 2 months now, which means DOT is extremely undervalued at these levels. Therefore, we should see DOT have one more re-test of the $4.07 - $3.84 support region before the climb back up to re-test the $5.50 resistance. This is supported by the RSI reading overbought on 11/07, in conjunction with the 9EMA looking to cross both the 20EMA and the 50EMA. Moreover, with BTC hitting some resistance on the dominance chart, we should see another cycle of bullishness for Alts.
by AB_Trading-Intelligence
Altcoins | Reversal Pattern? Altcoin market TA looking pretty good. As Bitcoin's price exploded this week, a retrace can be expected, while altcoins can regain some of its momentum the coming period. The Bitcoin Dominance chart (BTC.D) shows us a retrace in price, while the whole Altcoin market chart (TOTAL2) just broke a key resistance level. This means that money from Bitcoin is moving back into Altcoins (Bitcoin dominance falls > Altcoins regain and vice versa). However, the 200 Moving Average of Bitcoin just made a new all-time high, what is very, very bullish (+ People Fear Of Missing Out). Will we see a higher high for Bitcoin, or is this the perfect time to buy altcoins again?
CRYPTOCAP:TOTAL2
by djaanos
4
Market Cycles: How to Overcome the Fear of Missing Out (FOMO)In this post, I'll be providing an educational post on the cryptocurrency's market cycle, and how to overcome the fear of missing out, also known as fomo. It's important to understand that the cryptocurrency market has very clear market cycles. In order to profit in the cryptocurrency market, it's important to think like a whale . 1. To begin with, whales keep their assets in the form of fiat, or tether (USDT) before the beginning of a market cycle 2. Whales buy Bitcoin with their cash at hand, and this is when we see Bitcoin rally alone 3. Since Bitcoin is the only cryptocurrency to rally, Bitcoin dominance soars up along with Bitcoin's price 4. However, the market trend soon changes as the whales, who have profited from Bitcoin, move onto large cap altcoins 5. These are our typical altcoins at the top 20 in terms of market cap 6. After these coins rally, capital then flows into the undervalued coins with a much smaller market cap 7. Because there isn't enough liquidity, these less popular coins tend to break out the hardest, and demonstrate immense risk 8. After whales profit from small cap alts, it's time to convert their assets back to Bitcoin 9. This process is repeated during a bull run, and ultimately converted to fiat in a bear trend. So, what are we currently seeing in the market today? Bitcoin - For Bitcoin, we are seeing a textbook bearish divergence - In my previous analysis, I have provided consistent updates, in which the divergences I have spotted, both bullish and bearish, have played out perfectly. - You can check the previous analysis above. - As such, it's reasonable to expect this divergence on the longer time frame to play out as well - The higher highs on the price, and lower highs on the Relative Strength Index (RSI) is extremely concerning - The Moving Average Convergence Divergence (MACD) also demonstrates decreasing bullish histograms, with a potential death cross in play Does that mean we have missed the train? While Bitcoin may be done for the short term (since the uptrend is still intact, and we are seeing higher lows and higher highs on the longer time frames), but there are opportunities to be spotted in the cryptocurrency market. Ethereum - Ethereum has been consolidating for a while on the weekly, and has been inactive on the daily - The Ethereum 2.0 Countdown just recently began, providing bullish stimulus for prices - Based on the market cycle theory explained above, Bitcoin's short term bearish signals suggests an opportunity for Ethereum to break out - Considering that Bitcoin dominance is trading within a downtrend over the long term, we could expect price action from Ethereum in the coming days - For my analysis on ETH's long term price action, check my previous analysis below: Conclusion In summary, seeing everyone else make money while you sit on a pile of cash, might be frustrating mentally. But as I always emphasize, trading is a psychological game. Successful traders have a good understanding of the market psychology and cycles. As such, capitalizing on trading opportunities require a combination of proper knowledge and patience. There will always be opportunities, regardless of the market situation, as beauty is in the eye of the beholder.
BITSTAMP:BTCUSDEducation
by Michael_Wang_Official
35
Post Election DOTMy Fellow Crypto Traders, Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share. Cheers & Happy Trading! ------------------------------------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: As BTC runs into resistance at 64.9, we could see Alts enter another bullish cycle. With that said, DOT may re-test the lower $3.82 support post-election, and bounce to make higher highs and higher lows. Thus completing a W formation.
Long
by AB_Trading-Intelligence
Why is BTC dominance important and how it affects altcoins?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
CRYPTOCAP:BTC.D
by CryptoRush_
Break Through ? BTC.D #btcd #Bitcoin $BTC #cryptoHere we see our Bitcoin Dominance chart that finally broke out of that downtrend channel ! And right now we are sitting inside that 1 day Ichimoku Cloud . I don't think we will drop out of it after spending so much time to get inside of it ! So surely we are either going to the top of the cloud or actually we will break through it . If you see where the red arrow is pointing near the end of October ? That looks like a very probable area to break up through the cloud and continue this Dominance rise . Of course Bitcoin broke up to 11100 last night so we are seriously expecting 13k ( some are calling 15k also but we have to wait and see on that . ) Also can you see the Blue gift on the chart ? That marks November 3rd which is the US election and I wouldn't be surprised if we see some fireworks then !
CRYPTOCAP:BTC.D
by shimmeringpath
3