BTC.D / Cross vs TD 13BTC dominance gaining from this cross seems logical but hell, why not call a rejection and an alt rally next week based on the weekly td 13 countdown. Can this be a fifty/fifty with the halving in sight but a low btc hashrate?
Bitcoindominance
Alt season? - BTC Dominance getting rejected at 0.5 Fibonacci Hi guys,
Pretty self explanatory. It could really go either way, but its hard for me to imagine that we don't get an alt season soon. Alts have been bleeding for a long time now.
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?)
Thanks a lot for your continued support.
Namaste.
BTC.D Altcoin purgeThe macd indicator has produced a hidden bullish divergence, producing lower lows while price produces higher lows. This could lead to an 'altcoin purge' if this hidden divergence holds and dominance is pushed high enough. Do your research!
LONG BTCUSDAll justifications have been given on the most recent trade suggestions. Its time to move from here. Dominance is looking particularly weak. This could have been a move to get all the weak hands out of the market before the next move up.
God Speed.
BTC.DIf you follow me you can see I been tweeting and publishing this chart since January 2020 and it is playing out exactly as planned. The next move will be up and very quickly once 200 ema on D1 is reclaimed as support.
BTC DOM - another angle - alt season :)Currently hanging under 50MA on the weekly chart even though a bullflag has formed on a shorter timeframe i believe the larger timeframe will prevail, this is supported by the bearish alligator which is currently 'eating'.
Regular divergence of price and Stochastic RSI for BTC dominanceConfirmed also by the price having crossed the 200EMA, and the confluence of both resistance levels (200EMA & blue diagonal).
Feedback and comments are appreciated.
Bitcoin DOM BullflagA bullflag has formed on bitcoin dominance it has formed between an EMA level and a MA level, which looks quite satisfying. A breakout of this flag would push dominance up to roughly ~68% at the purply grey EMA level. Personally i think bitcoin dominance will eventually < over time, as alt coin projects gain public attention and get off the ground.
update BTC.Dthis implies small pump followed by a decent pull back probably 9100 then finally $11,000 BTC which has been my TP this entire move
$BTC $BTC.D Altcoin analysis$BTC & $BTC.D #altcoins update. Dom must break above 64.45% then break out of the top channel line around 64.9% to assume it will then be making a run to the 200 mea on H4 or 64.6% to show that we r in fact in for a deep correction. For now we r still in LH LL & of the channel
Bitcoin Dominance with Bitcoin Price Area ChartBitcoin dominance uncovers three 'holds states' for our altcoin portfolios as I see it.
In 'state number one', we should be holding Bitcoin
in 'state number two', we should be holding altcoins
and in 'state number three', we should be holding fiat or stable coin
yes the unthinkable in state number three we should be out of altcoins and crypto currencies altogether.
1) state number one Bitcoin prices are going up and Bitcoin dominance is rising we should be holding Bitcoin
2) state number two Bitcoin prices are going up or they are ranging sideways and Bitcoin dominance is dropping we should be holding altcoins
3) state number three Bitcoin prices are dropping and dominance is rising we should be holding fiat or stablecoin.
Crypto EMA 60/20 used on the Bitcoin Dominance Data is intended for verifying 1-2-3 top and bottom patterns on the 12 hour bars.
Bitcoin Dominance heading towards 60Hey guys welcome for a fresh crypto update, please like and follow to support us
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now that's a really great news for altcoin MCap as Bitcoin dominance has fallen rapidly in past few days and we've seen enormous growth in top alts
a very positive sign for 2020s altseason
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you see the support zone coming all the way from jan 2018 has broken now and major moving averages like 200DMA, 51EMA and 21 EMA has now turned to be bearish
also the key level 67% has also broken earlier this jan
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meanwhile a short term of pullback we can see due to recent drop in Bitcoin which will cause a lil more bleed in alts but allover dominance is falling and targeting 60% level, so most likely this feb or march could be a great month for alts
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2 Scenarios For BTC Dominance Alt Season Over?
Or just a short-term pullback coming?
Or maybe none of those and it just keeps on dropping?
