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Btc-dominance

Luna testing 0.5 Fib. Would wait for BTC to make a move!The double Top forming on Luna was a pretty good sign for it to drop. I closed my longs at @45 and waiting patiently for a new entry. As you can see I love trading with Fib levels and Luna is going to test the 0.5 Fib (golden pocket) OR the 0.38 Fib if BTC shows new signals. Those 2 points are marked for further decision making. If that holds and we get a nice volume, this would be my entry. Long bullish on Luna. Would wait for BTC to make a move AND starting losing dominance after that. Sometimes not trading might be the best trade. Good luck! ❤🧡💛💚💙💜🤎🖤
by ThisIsMe21
📈BTC SHORT OR LONG, USDT DOMINANACE!!!Hi guys Given that the market is currently in a very ambiguous situation, it is good to take a look at the USDT dominance chart. Given the rising USDT dominance, it indicates that traders are withdrawing their capital from crypto, and this will lead to further declines in bitcoin and cryptocurrency. But since the crypto transfers that took place in these few days, and I will give a few examples below this post, it shows that some whales think that the price has stabilized on these points and is likely to grow. They give the crypto market, which in my opinion if the USDT dominance breaks the support of 3.58, our next support is at 3.48 and we will see good growth in crypto during this period. 🔴Some important whale transfers: 🚨2,500 #BTC (103,259,821 USD) transferred from #Coinbase to unknown wallet Details 🚨 1,000 #BTC (42,234,102 USD) transferred from #Coinbase to unknown wallet
CRYPTOCAP:USDT.D
by seyed_mehdi
BTC DOMINANCE is bouncing, Bad news for Altcoins!Hi there, Bitcoin Dominance is bouncing and this is not good for Altcoins at all. BTC.D was moving in a downtrend channel for about 50 days and I expect to see a breakout of that. What will happen? In the best case when BTC.D is going up if Bitcoin goes up too, Altcoins will fall with a low slope. In the worst case when BTC.D is going up if Bitcoin goes down, Altcoins will fall rapidly. So In my idea this is a bad time to be with Altcoins, Also Altcoins growth a lot in the past 50 days and these prices are not proper to buy for next leg up. Be carful with your trading and investing. Your Likes and comments are the best Thank you.
CRYPTOCAP:BTC.DLong
by TahaZargar
5
🔥 Bitcoin Dominance Rising: The King Is Back?This week, Bitcoin Dominance (the percentage of total market cap in BTC) saw a sharp bounce from the same area which indicated the 2021 top last May, around 40%. 40% is a key area because this is the same area where Dominance bottomed during the 2018 bull-run top. Since my long-term outlook is still bullish on crypto, I think that Dominance rising from this area might be a good thing. The same thing happened in September 2020 where Bitcoin saw several months of huge gains, followed up by crazy altcoin gains during the fall of Dominance in Q1'21. On the other hand, Dominance rising is also an indication of investors becoming more risk averse and searching the safe haven of Bitcoin, see the 2018-2029 bear market. In case Dominance will continue rising, you can expect overall less returns on alts, no matter which direction the market goes. Happy trading!
CRYPTOCAP:BTC.DLong
by FieryTrading
13
does btc is following wyckoff Price Cycle ???/ As a trader, you should be familiar with some of the leading theories concerning market structure and cycles. Some of the more popular ones include the Elliott Wave Principle and the Dow Theory. Nevertheless, today we will add one more important type of market analysis to your trading arsenal. We will be taking a deep dive into the price action based methodology known as the Wyckoff trading method. The first rule of Richard Wyckoff states that the market never behaves the same way. Price action will never create a move in exactly the same way that it did in the past. The market is truly unique. The second Richard Wyckoff rule is related to the first one. It states that since every price move is unique, its analytical importance comes when compared to previous price behavior.
BINANCE:BTCUSD
by humzoshaiikh
Bitcoin Dominance has Fallen! (Altcoin Season) The Bitcoin dominance has been dropping and dropping, the only question is "Where is the Bottom?" Base on the chart, Bitcoin dominance has came back to its origin. This is why most Altcoins are pumping due to the fact that the dominance has been dropping. Is this the indicator that a big dump is coming? If Bitcoin dominance continues lower and lower, Altcoin season will continue to go and go, but when Bitcoin dominance bounces from here, Most alts will take a very nasty dump of at least 10-20%. This is speculation!
CRYPTOCAP:BTC.D
by OmaOne
BTC.D vs SHORTS vs TOTAL3 correlation chartthis chart has been very helpful for me and wanted to share it. If you haven't, I suggest u consider looking at correlations in between sectors or typically inverse pairings such as gold vs USD. These relationships can be very helpful to see rotations or divergences, which can coincide with reversals. Also helps to see which asset will take the leadership role We see in this chart that as the btc shorts kept falling alts kept up the rally which is def supported with BTC.D falling as well. It can also explain why BTC isn't going higher yet as this shows $$ is flowing into alts as BTC.d continues to fall even though shorts backed off BTC awhile ago
CRYPTOCAP:TOTAL3
by Haloolah11