ETHBTC Breakout on the Weekly Chart ImminentKeep an eye on the big picture market dominance as the weekly candle for ETHBTC is now inside the cloud, and price is near to testing the long-term trendline. A beak above indicates bitcoin losing a lot of it's market dominance, making way for another alt coin bull run.
Bitcoindominance
Bitcoin DominanceSymbol: BTC.D
The start of something beautiful. Monthly looking scary. Remember this chart gives you major clues about the altcoin market. Accumulate the alt coins for long term results. Start hunting.
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BTC.DNot much has changed these are just the daily moves as Dominance fights to reclaim the daily 200 EMA then BTC will get a bid towards $8,300 and the weekly 200 EMA on BTC.D will be tested ultimately leading to $9,600. People in our free group r short but they are using tight SL and day trading. I am swing trading the 1/2ing event.
BTC.DCleaned up the BTC.D chart, as I feel now that bitcoin dominance is in a consolidation phase along side BTC price action. The D1 BTC.D chart has a falling wedge that is right below the 200 ema.
I am almost 99% certain it will break up leading to another pump in dom & price of bitcoin.
68% will most likely take a few attempts B4 finally failing as BTC breaks up along with dom & heading towards the 200 ema weekly chart.
There is some room for downside here to $5,500 level but thats really all I see and will probably be a great buy for a TP of $9600 next major area of resistance.
BTC.D / Doji Candle into TD 13BTC Dominance about to go down significantly if we believe the TD and this weekly close.
Note that the daily stochastic rsi on ALL crypto/usd pairs point to a global pullback. This next move down should tell us what alts to position in. Get your stable coins ready, guys and gals!! Look for value and don’t overdo it. But my instincts tell me the next TD 9 will be one to remember.
BTC.D / TD 1 to 4 correctionLets zoom in and notice the 9 printed on the daily sequential a couple of days ago, hitting setup resistance but finding support on the 200 wma. Will we see a 1 to 4 correction going over the weekend into the 13 TD weekly countdown next week pushing back below an upcoming cross of the 50 and 200 wma?
This could start an alt push, probably led by ETH. Short btc.d in halving time???!!!
BTC.DHere's is my bitcoin dominance chart that I've been using since late Dec 2019 and its all going to plan Fam. Once BTC dom dumps back to the 200 ema D1 then it should reclaim that moving average as support and begin the next level of pumping toward $17k. Stay bullish don't let the wrecked underwater short callers sway your bias and make you loose those precious SATS.
Bitcoin on good way to recovery back! Hotbit exchange still great with whale effect. MTX/100 high level.
As said before , its just about time, and we can break the area 6K.
# bitcoin main goal is made for Financial crisis and not dependent on banks, so that people can use bitcoin in bad times.
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The Low Is In? Bitcoin Dominance Says BTC Goes Up!The BTC Dominance (BTC.D) chart is showing multiple bullish signals... Is Bitcoin about to go up?
First we notice the ascending triangle, which is a bullish pattern.
Prices are now trading above EMA10 while challenging EMA50 and EMA300.
We have a reversal candle on the 13 March.
Both the MACD and RSI are bullish and strong.
All these signals are pointing up.
Conditions for change
If prices move and close below 64.17, the above signals become invalid. The red arrows enters play.
NOTE: BTC.D moving higher not necessarily means that Bitcoin (BTCUSD) will go higher.
Do you believe that Bitcoin will move lower or will it start to reverse and go up?
Share in the comments section below...
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Previous analysis (Bitcoin Bouncing Now?) :
Bitcoin Drops To $3K Before $32K? New EMAs + Daily RSI Analyzed
Bitcoin Weekly Update (MA200 Breaks / Bearish, Low $3ks Next?)
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