Welcome to this quick update, everyone. I know you've been waiting for this chart! Bitcoin Dominance has broken down the important level of 40. As per the pattern the index is likely to hit the 30% level. It's also moving below all important EMAs. Showing signs of weakness. Meanwhile traders will shift to Altcoins against BTC. This could be a very good...
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...
Taking a look at our bitcoin dominance and we have just recently broken right through that crucial 40% mark and that is a huge deal for the altcoins, realistically we should start seeing some explosive price movements going forward across the board. We definitely want to see our daily candle close below the 40% line as it would be very bearish and with that...
Hello friends, today you can review the technical analysis on a 1W linear scale line chart for the Bitcoin Dominance. I generally look at candlestick charts, but for presentation purposes, a line chart is used. 1) The BTC Dominance has been respecting a Parallel Channel since the May 2021 crypto market correction. 2) Also there is a Bear Flag Pattern that has...
1,2,3 down Mostly all contained within the downward channel If this is the scenario that plays out, alt coins will be massive ! Below is an idea "super alt season" check it out, very similar to this one
A retest of this level, previously seen as a strong resistance, provides a nice support if BTCDOM were to turn in favor of altcoins I have tried to demonstrate this with 1-2-3-4 pattern BTCDOMINANCE is slowly turning around, very slowly The above chart contradicts this chart, suggesting the recovery will occur sooner
BTC dominance is showing positives. Stoch RSI is ready for a move up as well as RSI. Let's see if it plays out for a move up. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do...
BTC Dominance Chart on a monthly basis. RSI has created a double bottom so expect a good sign of upward movement soon. Possible bad sign for altcoins for a period of time as BTC dominance goes up. Let's hope Ethereum and other Alts can have their happy day before dominance moves up too fast. Disclosure: This is just my opinion and not any type of financial...
Hello folks, Welcome to this another important update on BTC Dominance in 3 days timeframe. First of all, thank you everyone for being so supportive. I feel honored to help you guys with my charts and quality content. In this Tradingview platform, I provide 100% original and thoroughly analyzed content. I like to keep things easy and simple for my viewers. Now,...
Btc.D needs to get rejected otherwise ALTs will keep bleeding but This means that every alt dip, for now, is an opportunity to load our bags for what’s about to come. We are now less than 7% to retest our minor resistance that has been rejecting the Dominance for The past 145days. -------------------------------------------- Best Regards, iSmashProfit™
Bitcoins dominance has risen up along with bitcoins price and hurt the altcoins almost all around the board, but things are looking up for altcoins as bitcoin dominance looks like its about to tumble down. As dominance falls altcoins will start to rise and the more it falls the more Alts will pump, keep in mind bitcoin can initially drag down the market if we see...
Bitcoin Dominance approaching key resistance area, let's see the reaction and I am hoping it to get rejected on this area and ALT might get some bounce!
#BTC.D massively pushed to the upside enters its major resistance area of 44.01% - 44.37%. #alts should dump hard but #BTC move compensated that. We have a good chance that #Dominance will fall from here which tends to rise in alts, if #BTC stables above $50,000 -------------------------------------------- Best Regards, Reda Souhail™
Taking a look back at our Bitcoin dominance hidden bearish divergence things are starting to play out just like we would want, this strong pattern indicates a continuation in trend and we are clearly in a strong downtrend, this is very positive for altcoins especially as dominance falls Bitcoin will have less of a grip on the market and this can and usually...
Bitcoins dominance has been running the opposite of the market while we see a rise here we have been seeing some very red days for the overall crypto market, that might be ending pretty soon, Bitcoins dominance is currently facing very heavy resistance at the S1 level after falling underneath, we have many many wicks from even years ago on this level and its been...
Bitcoins dominance is really showing struggle with its continued fall and i think we could be looking at a bigger push down coming soon, we have held up on the 40.5% level but we wicked down to another support level at 40% the previous altseason in 2018 saw a BTC fall to just below 35% for the peak of the alt cycle and i personally believe we could see a bigger...
Bitcoins dominance level has fallen below key support at 43.32% and we are now looking for a drop to the 41% level! This would be very positive for the whole market especially the altcoins, there could be a initial drop from dominance crashing but afterwards we will see the market start to breakout! First off on the MACD we are seeing a bearish cross with the...
Kinda bit late posting this. but since the bearflag broke already. so i think we're entering mini altcoin season till 42.83 zone *not financial advice