ETHUSDT H4 :SHORT SETUP Hi Guys. Hope you well
If we look at the classical point of view, the head and shoulders are formed in the ceiling and I expect to fall as much as the neck line to the box area. From the point of view of smart Money, there is liquidity above the two ceilings that have been specified, and also the good supply area of the market can hunt the red box and then we can see a fall to the FVG area.
SecondChanceCrypto
⏰13/JULY/23
⛔️DYOR
Always do your research .
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Btc-dominance
USD vs CRYPTO : macro look, usdt.d in the mix, alt comparisonUSD vs CRYPTO : macro look, usdt.d in the mix, alt comparison
wow lot here but some clear ish macro trends.
seems either 1 of 2 spots, once again. see the flags.
1. dxy aint done. usd pumps to astronomical levels while btc does a big fake pump into huge dump as dxy blows off.
2. dxy is done, loses this key support and rolls over giving risk on assets like btc a huge pump. in this case a % comparison for ADA (i think a good example of 'ave top alt performance') against btc is shown from that bottom. choose your alt wisely, hodl, and ye shall be rewarded.
looking like 2. to me tbh but iam obviously biased.
would love to also see what macro patterns you see here? seeing something different?
gl
BTC dominance and altseasonAll logic is clearly displayed on the chart. I have been using BTC dominance over altcoins (the entire market) in my work since 2017.
Note that a "double bottom" is forming on the chart. But, at the moment, the season of games has opened under the title: "not environmentally friendly", while it is going on, such a construction is unlikely to come true. Use this period. Then, most likely, everything will change. Bad - good - bad - good - bad
This type of analysis works with both local market movements (which I mainly use) and the large-scale segments shown in this chart.
Please note that the "altcoin mass pumping season" is always very short for obvious reasons, use it and do not be greedy.
Your greed is your death in the marketplace.
MUH ALTS, They Bleeeding, here is why
As you can see in the chart BTC Dominance above the important Resistance Zone that we have been talking about.
This is why your precious Altcoins are bleeding. BTC and ETH are still doing relatively well in the grand scheme of things.
Remember, when BTC dominance is high you buy alts, what comes up must come down. Before every major alt season BTC dominance had a pump, only to dump while Alt season was unfolding.
BTC and ETH dominance both might be breaking out to test 52-57% and 22-25% respectively. Personally i dont think BTC dominance will rise much higher than 52% unlike ETH that might reach 25% considering the BTC/ETH pair chart is looking good and the hype around ETH and layer 2 solutions still unfolding.
ETH Dominance one to look at. 25% coming?As mentioned in the related idea:
BTC Dominance broke out and this is the main reason your alts are bleeding.
Buy alts when dominance is high and sell them when dominance is low.
BTC and ETH dominance both might be breaking out to test 52-57% and 22-25% respectively. Personally i dont think BTC dominance will rise much higher than 52% unlike ETH that might reach 25% considering the BTC/ETH pair chart is looking good and the hype around ETH and layer 2 solutions still unfolding.
BTC.DThere are two scenarios:
Currently, there is a notable shift occurring in the cryptocurrency market, indicating that Bitcoin's dominance is expanding beyond its usual range. This trend is typically observed during bear markets or times of fear, and it is evident from the significant sell-off in alternative cryptocurrencies (alts) today. Consequently, this breakout in dominance can be attributed to market participants' fear-driven actions.
In my perspective, this development suggests that Bitcoin's dominance will likely continue to increase. As a result, alts, on average, are expected to lose value against Bitcoin in both upward and downward market trends.
However, there is a positive aspect to this situation as well. The growing dominance of Bitcoin provides alts with more space to flourish when the "true" altseason commences, which is anticipated to occur sometime in 2024.
🔥 Bitcoin Marketcap Breaking Out: Highest Level Since 2021!The last time that I took a look at the Bitcoin Dominance (BTC.D) was back in April when we first the hit top resistance area. Back then I argued that it was likely that the dominance would reverse back down since that was the case for the last 3 times.
As it seems now, this time is different and the dominance is breaking out of the horizontal channel area.
This means that Bitcoin is getting a larger share of the market, which is classically the case in bear markets and during periods of fear. Seeing the massive sell-off in alts today, this is a dominance break out based on fear.
In my view, the genie is out of the bottle and Bitcoin Dominance will likely continue to go up. This means that alts will (on average) lose value against BTC in both uptrends and downtrends.
On the other hand, this is positive because it will give alts more room to grow when the "real" altseason will begin somewhere in 2024.
CRYPTO TOTAL MARKET CAP DALILY HI Guys Hope you well,
On a daily basis, we are seeing a demand zone, but I am waiting to test the Green support level for the third time as well. And then we can see a rapid upward movement.
SecondChanceCrypto
⏰23/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment.
BTC.D Possibility of Symmetric TriangleI am on the side where reversal of the dominance will happen at the yellow dashed line or already happening.
BUT,
If we could break out from the yellow dashed line there is possibility of triangle of cyclic degree.
Then we could reach the resistance with the red dashed line without break out.
I've built supposed triangle line with supposed calculation of the dat, but it's just a possibility.
Let's see and keep intouch.
Total Crypto Market Cap Chart Analysis: Key Levels to Watch Total Crypto Market Cap Chart Analysis: Key Levels to Watch and Future Price Predictions
Cryptocurrency has been on a rollercoaster ride in recent years, with market volatility being a common occurrence. In this article, we will analyze the total crypto market cap chart and identify key levels to watch, as well as provide future price predictions based on current trends.
Key Levels to Watch:
The total crypto market is currently trading within a parallel channel and has been rejected from a strong resistance level at $1.25T. The next support levels to watch are $1T and $960B, which could be potential retest levels.
If the market breaks the $1.50T level, it could hit a new all-time high, potentially reaching resistance levels at $2T and $3T.
Future Price Predictions:
Based on the current trends and market analysis, we can expect the total crypto market to continue its upward trend in the long term. The next bull market could see the total crypto market cap reaching around $10T, presenting a massive growth opportunity for long-term investors.
Conclusion:
As the crypto market continues to evolve, it is important to stay up-to-date on the latest market trends and key levels to watch. While volatility can be expected, investors who take a long-term view may find opportunities to capitalize on the market's growth potential. Keep an eye on the support and resistance levels mentioned in this article to stay informed and make informed investment decisions.
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Bitcoin Dominance Chart ( Altcoins Bloodbath Coming ? )Bitcoin Dominance Chart Analysis: Potential Impact on Altcoins and Key Levels to Watch
Bitcoin dominance, which represents the market capitalization of Bitcoin as a percentage of the total cryptocurrency market capitalization, is currently trading at 48.31%. The dominance chart is showing signs of a potential breakout at a big resistance level. In this article, we will analyze the implications of a breakout and key levels to watch.
Headings:
What is Bitcoin Dominance?
Current Status of Bitcoin Dominance
Implications of a Breakout in Bitcoin Dominance
Key Levels to Watch
Best Altcoins Entry in Near Future
Conclusion
What is Bitcoin Dominance?
Bitcoin Dominance is a metric that shows the percentage of Bitcoin's market capitalization relative to the total cryptocurrency market capitalization. It is an important indicator of the market sentiment towards Bitcoin as compared to other cryptocurrencies.
Current Status of Bitcoin Dominance:
Bitcoin Dominance is currently trading at 48.31%. The dominance chart is showing signs of a potential breakout at a big resistance level.
Implications of a Breakout in Bitcoin Dominance:
If Bitcoin Dominance breaks out of the 48% resistance level, it could lead to a bloodbath in altcoins trading in BTC pairs. It may also affect the altcoins trading in USD pairs if Bitcoin remains stable or dumps. However, if the breakout occurs, the 48% resistance level will convert into a strong support level.
Key Levels to Watch:
The key levels to watch for Bitcoin Dominance are the support level of 45% and resistance levels of 48% and 62%. In case of a failed breakout, Bitcoin Dominance may test the support level of 45% before pumping.
Best Altcoins Entry in Near Future:
If Bitcoin Dominance breaks out, the next stop would be at the 62% level, which could be a good entry point for altcoins. We will update the best altcoins entry at that time.
Takeaways:
Bitcoin Dominance represents the market capitalization of Bitcoin as a percentage of the total cryptocurrency market capitalization.
Bitcoin Dominance is currently trading at 48.31% and is showing signs of a potential breakout at a big resistance level.
A breakout in Bitcoin Dominance could lead to a bloodbath in altcoins trading in BTC pairs.
The key levels to watch are the support level of 45% and resistance levels of 48% and 62%.
If Bitcoin Dominance breaks out, the next stop would be at the 62% level, which could be a good entry point for altcoins.
Conclusion:
The Bitcoin Dominance chart is currently showing signs of a potential breakout at a big resistance level. If the breakout occurs, it could have significant implications for the altcoins trading in BTC pairs. It is important to keep an eye on the key levels and stay updated on the best altcoins entry points.
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BTC.D invertedSometimes it helps to see things from another perspective.
Long term bullish.
Fib channels are going to expand soon, and we will see a decent amount of Bitcoin acceptance to the ever changing conditions that is, our present day. Acceptance of our deteriorating economic conditions globally, is a result from deteriorating wisdom and management of global leaders.
The incapable manage the capable, and that is why we have Bitcoin in the first place. We are mercifully capable of systematic improvement upon imperfect perfection. In other words, we know what wrong is, and we can improve upon wrong to make success from loss or failure. We CAN improve upon the past, without having to repeat it again. We CAN fix problems, and not stay stuck forever in them.
Failure to improve upon the wrong is immature, childish, and when chosen- it's evil. The opposite of good. That is what global leadership seeks to force, to ensure chaotic enslavement reigns permanently (especially with their soon to be mandatory CBDC's- aka...the perfection of control over you).
Bitcoin is a vessel to fix money and problems that have been broken since the beginning. It is financial protection from the state enslaving you further.
All for one, one for all.
Money as we have known it is already dead. We are in the period of transition negotiation for how it will look for the long term future. Learning more equips your voice with wisdom, never stop being a student or observer of the world you live in too.
BTC Dominance ready for a strong bounceBTC 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 really nice gain. However, this scenario in our opinion is less likely . We also expect that ETH merge will be a sell event which may trigger the drop in value for other alts too. Be ready for a bloodbath.
If BTC.D bounces from the key support , we expect it to reach the upper boundary of the range and BTC.D would be at approx. 48 %
Bitcoin Dominance - a closer lookBitcoin Dominance (BTCD) is a ratio that measures the market capitalization of bitcoin (the largest digital asset by market cap) against that of all other cryptocurrencies, or altcoins. It's a ratio calculated by taking the market cap of BTC and dividing it by the market cap of all other altcoins.
And as More Altcoins are added to the "Space", so the Bitcoin Dominance Drops. As of Feb 2022, there were over 17,000 Altcoins ( Data from CoinMarketCap) and since then, an estimated 9000 more have entered, each time, BTC/d will Drop.
Also, Note that near BTC ATH, This Dominance Drops as money leaves BTC and enters the ALT coins Space. The declining drops show us that "ALT SEASON"s, post BTC ATH, have been Dropping in Volume. This is most likely to the simple fact that there are now a lot of HODL in Alt's
Is BTC'd Still a valid metric to use ? YES but only in a relative manner. Its % of market share will continue to drop as more ALTS enter the space ( And conversely, as Bad ALTS collapse, BTC will take it back maybe )
What Is still important to look at with BTC/D is the rise and Fall on the longer term time scales. This Will Show a longer term Trend and so hints towards new Bull runs etc
Shorter term time frames can pose problems when confused with moves associated with simply being oversold / overbought
However, if you look at MACD, RSI And BTC/D and see the associations between them, it is possible to pick up early signs of larger moves as Money Flows into Bitcoin from other sources.
For instance, It can be very interesting to view BTC'D alongside ETH.D and OTHERS.D and see the Flow of money
bitcoin dominance is about to retraceHi
if you look at btc dominance in 4H TF you will find it broken the bull trend dynamic support line and is testing to break the HL support line. if this happens we can expect to see dump in market especially in bitcoin OR altcoin's dominance vs bitcoin in the next days
good luck
reza
Altcoins To Correct Hard Against Bitcoin According To DominanceI suspect altcoins get brutalized during the next correction for whatever reason, but BTC stands stronger - hence what I see in the BTC dominance chart. Alts are about to face a C-wave against BTC. The bottom of wave II in BTC.D happened when Bitcoin broke above its former ATH of $20K the first time in December 2020. In January 2021, it immediately turned back toward altcoins.
But when the correction ends, you want to move some BTC into altcoins because wave 5 in dominance is going to be bonkers.
BTC.D D2: ALTS WILL BLEED Dominance will rise to 47.5% (OUTLOOK)Why get subbed to me on Tradingview?
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BTC.D D2: ALTS WILL BLEED Dominance will rise to 47.5% (OUTLOOK)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BTC .D 2daily chart review
::: chart looks good /strong
::: ACCUMULATION PROGRESS
::: do your own due dill / always
::: setup still valid as of right now
::: expecting dominance to rise to 47.5%
::: well defined range / accumulation
::: BTC looks strong mid-term
::: alt coins probably will BLEED
::: 20-30% correction due to rising dominance
::: BTC solid support near 20 000 USD
::: last week was profit taking in BTC
::: expecting new PUMPS in bitcoin
::: next few weeks
::: based on dominance chart
::: BTC BULLS should focus
::: on buying dips short-term
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BULLS
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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
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