Bitcoing dominance at a critical level now. If BTC.D break upper line with weekly candle, BTC will pump more and BTC will make a new ATH in 2024. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The...
Correction from 54.40% to 52.8% looks like it has completed completed with a mini divergence in price and volume, Based on the chart, you can see a 3 wave correction cycle which is WXY has completed, and from here Bull continuation cycle is expected to the new ATHs. Expect Bitcoin and other tokens or crypto currencies to continue rising.
The statement is made to stablish what I believe is obvious, but considering what I've been learning from all on CT, this is my opinion of course, not financial advice. BTC market share around 10T Total Market Cap would reach maybe 3.3 on present cycle, where ETH may reach 1.1 with SOL.D above it by small % maybe reaching 14% on a very tiny window. All behaviour...
Currently bitcoin dominance is heading towards the support area of 52%, It might stay sideways due to weekend (low volume) for some time before big move. 1st scenario :- If it breaks the 52% support level we might see a bull rally in altcoins. 2nd scenario :- If it bounce back from 52% support level altcoins will dump. IMPORTANT :- Due to ETF which has been...
Traders, Previously, you'll remember I noted where I thought we arrive on the BTC.D chart. What I did not expect is a break back above 53% resistance. Now, with Bitcoin breaking all kinds of levels, prices, and expectations, market focus is zoned in at Bitcoin. At some point though, I do expect that focus to shift back into the altcoin space and more altcoin...
CRYPTOCAP:BTC.D Possible Targets and explanation idea ➡️Marked 2 main targets for Bitcoin Dominance ➡️Based on Take Profit indicator on weekly we can see test of "Take profit" line ➡️Marked green box zone where you can step by step sell and fix profit in altcoins Hope you enjoyed the content I created, You can support with your likes and comments this...
The last time OBV on the monthly hit this resistance line was November 2015, Sept 2019 and Jan 2021. We have OBV resistance and also trendline resistance here.
CRYPTOCAP:BTC.D Hello traders, I hope you have had a profitable week.✋ First, pay attention to the previous analysis of the Bitcoin Dominance Index.👌 The Bitcoin Dominance Index is approaching the important level of 48.48. Despite the possibility of being rejected below this level, if the price of Bitcoin stays at a certain level or grows, the altcoins in the...
BTC Dominance is currently sitting on the strong support and seems to be ready for a strong bounce. RSI currently oversold on daily timeframe. It would make a lot of sense as we still expect alts to drop 50 % which most likely will happen if BTC dominance bounce from this key support. From another hand, if BTC.D breaks down, we may see an alt season and some...
Shalom traders! I hope your weekend went well. Another week we ended up with some good profits and BTC still holds the support level. Today, we will analyze the BTC dominance chart and what this could mean for the market. Timeframe: 3 days. Update: BTC dominance has been a helping hand for the traders to analyze the upcoming move on BTC. As we can see in the...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC DOMINANCE update. Bitcoin Dominance is trading inside a channel in the weekly time frame. Currently, it is rejecting from the upper trendline of the channel. If we get a rejection from here then we will see a relief rally in Altcoins. If Bitcoin dominance...
Bitcoin Dominance has formed a rounding bottom formation which is a bullish pattern how ever there are two things which needs to be consider here, 1. If this shoots up then alts and Bitcoin will fall. 2. We can see a relief rally if it goes down a bit and in this case we can see a pattern formation called CUP n handle which is also a bullish pattern. So only...
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Welcome to this extensive analysis of Bitcoin Dominance. If you are reading my updates for the first time, make sure you follow me if you want the most complex charts Explained in the most simplified manner. I also post margin and futures trade setups. Now, let’s get to the chart. BTC Dominance is currently holding the 42.4 level. As long as it holds this level...
Welcome to this new update on BTC dominance in 2 days timeframe. On 17th Jan 2022, BTC dominance bounced back from the lower trendline and so far it is halfway through to reaching the upper trendline. If BTC.D manages to hold the 21 MA support then we can expect a bounce from here and 45% could be possible. A breakdown will drop the dominance back to 39%. The...
Btc dominance clear two scenarios shown here. The results are that if dominance pumps that means first the king will pump and then after alts and in second scenario if we go down directly down from here that means king and alts will pump together.
Welcome to this quick update folks. BTC dominance is currently retesting the Blue MA on this 2day chart after breaking down. If we consider the wicks the scenario changes completely opposite of what we see here. Considering the current chart, It's highly likely we will see a dump in this index in the next few weeks given the condition it stays below this Blue...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D). The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta...