Btc-dominance
BTC Dominance Long TermBTC May turn around and continue higher but BTC Dominance should go down like 2017. This first red candle that is creating a bearish engulfing is great to put a year long downtrend like 2017. To build wealth in 2021 you need to be owners of ALT Coins.
BTC dominance reached support zoneBTC DOMINANCE
Reached support zone 63-62%
From here more likely is dominance to move up
Which mean bleeding and correction for alts
If dominance breakdown this Support can lead to alts season but this is less likely here
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Next week is very important for all the market
Take care because big move soon and dont overtrading
BTC.D - ALTSEASON while we are in the blue rectangle. Alt season continues.
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Bitcoin Dominance Drop!!! Possibles targets!!!The Bitcoin dominance it's crash today and we see that the price it's goes down toward the 64%. So, we were into this bullish rising wedge, but unfortunately Bitcoin dominance was down and we can to see a little altseason movement.
Now, in weekly timeframe, we see that BItcoin it's leading down toward the 64%, another possibility it's that Bitcoin it's formed a possible shoulder head shoulder in formation for the next weeks.
If this will be valid, we can see a possible continuation of the bull rally in Bitcoin.
Now, another function it's that Bitcoin it's formed an accumulatio zone to continue up!!!
This it's amazing!!!
BTC Dom is decreasing. Alts season?BTC Dominiance is following Head and Shoulders pattern. If it breaks red zone, there will be good signs for altcoins. Keep your eyes on BTC.D
Besides, Many top altcoins are following reversal H&S pattern or 3 bottoms pattern. I suppose that alts season is coming. Load the truck and hodl it tight.
BTC trend line at its max, will BTC break it?With BTC dominating the market and all Alts waiting on a correction it will be hard to break that trend channel in the short term.
Since when BTC broke the triangle from 20k, it create a very stable Trend channel, and looks like it will respect it for now.
Mayer multiples are over 2
RSI (not very accountable) is also very high.
We are definitely over the on the Stock to flow model.
Alts are just waiting for a drop in BTC dominanceMany Alts did not move like BTC yet and are waiting for a drop in BTC dominance to have that liquidity falling on them.
This month is crucial for the next move on the Alts market.
BTC.Dominance - ALT SEASON IS COMING.ALT SEASON IS COMING.
Many altcoins are looking to go grown.
Bitcoin dominance shows that growth is possible.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
BTC dominance outlook - first 6 months of 2021As we've hit a long-term resistance in BTC dominance, as well as a well-extended price, the narrative for an ALT-season seems strong, once BTC settles into a holding pattern.
Once BTC dominance has retraced to the 100-day MA in early summer, it would likely restart BTC's bull run again.
#btc.d #weeklyhui guys.73.49% is very imortant level. if break out ,We do not recommend that you enter the alt!
Touble top incoming !!!Things are starting to align, January is approaching and Alt season will be explosive! The BTC Dominance chart is showing the foramtion of a possible double top.
Hopefully this will fulfill once the indicated horizontal level is reached.
Once BTC D reaches that level the domino effect will start, and more money will stream in alts, it seems like 25 k MIGHT be the top for now.
Ideally we see a consolidation in the current are 24.5k to 25k and the BTC D go down swiftly
I would not be suprised if the dominance chart fully ignores the double top and breaks out further to 73ish %.
Fingers crossed for ALT season yall.
Happy holidays.
Leave alike if you agree or hope for the same playout.
Cheers
Money is about to flow into the altsWe had our BTC pump; we can see the dominance growth is decreasing with each successive week. Next the money flows into the large cap alts. Expecting Q1 of 2021 to bring lots of profits.
💎BTC Dominance Must get Rejected Frm here, Fr Altseason!Hello Dear Traders,
In last 2 days alts dumped heavily , One reason for this dump was rapidly increasing BTC dominance and News of XRP ,
this 2 things dragged down every other alts except ZIL and theta. BTC dominance is at supply zone, previously many times it rejected frm same zone.
i m expecting same frm here again. if dominance starts declining then we will see massive alt-season.
also one more thing to notice is most of the altcoins touched its daily and weekly demand zone, and giving very nice spike.
in next post i will post ideas of btc and some good looking alts.
keep in mind btc dominance is at supply zone and if it starts declining then start buying alts.
Similarity's between BTC dominance and Eth on MonthlyIts a striking similarity that catched my eye ... so its time for eth to moon....
