BTC.D Retracement Completing 1st Wave - Rally for AltsBTC.D Retracement Completing 1st Wave - Rally for Alts - While Completing 2nd Wave
Btc-dominance
BTC'D OutlookI still believe that BTC dominance will be strongly rejected from this 47% area as it did already a few times before, especially that Others.D paved its future floor at around 11.50% which is very critical for it and is the top of recent growths. BTC dominance target is the star at around 40%.
Altcoins gearing up for a possible run 2022BTC dominance is reaching a high according to previous highs. Once BTC dominance reverses Alts will do the opposite!
bitcoin dominance and tether us about to surgethis index market cap for crypto is an enormous signal for the underlying networks and exchanges that coin resides in. eliminating the picture for two possibilities, btc.d and btcusdt are set to rise together, meaning bitcoin will gain on alts as the price of btcusd goes up, or alts will lose as the enitre crypto space looses. this could be bullish for btcusd because it challenges availablle currency; liquidity.
#BTC.DOMINANCE 1Hour CHART UPDATE !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
I have tried my best to get the best possible results in this chart.
Hello, dear traders welcome to this BTC.DOMINANCE 1Hr chart analysis.
Now Rejected from resistance and Holding 47.11% support.
We can see more Blood baths in #Altcoins
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
BTc.dcurrently getting rejected at the .236
i think alt releif in the last week of may
myby 1 last push but then nuke it
BTC Dominance It's Trading Between A Zone (39.41% - 49.19%) Or Can Say SideWays Trading
If BreakOut Happened Then Next Resistance Will Be Around 59.76%
Wait And Watch For It's Next Movement 👀
BTC.D D2: Dominance will MAX OUT at 50% (SL/TP)(NEW)Why get subbed to me on Tradingview?
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BTC.D D2: Dominance will MAX OUT at 50% (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BTC .D daily chart review
::: noteworthy compression / broke down
::: expect BTC.D to re-test 50% level
::: do your own due dill / always
::: until then ALT COINS will BLEED
::: until July/August 2022
::: not a great setup for ALT COIN TRADERS
::: BTC should trade sideways / stay in range
::: expect ETH and other ALTS to BLEED
::: until we re-test 50% dominance level
::: BTC .D set to flip flop between 50%-40% dominance range
::: be on the lookout for the breakout later end of summer
::: until then most likely: SHORT SELL in May and go away
::: I don't see any scope for a BULL RUN in CRYPTO SPACE
::: based on dominance chart
::: BTC BULLS should stay out / wait for the bottom
::: BEARS can short sell rallies/rips in BTC
::: bull run is over for now / consolidation
::: 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: RANGE/BEARS/CORRECTION
::: Sentiment short-term: DEAD CAT BOUNCE / 50%
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
When Altcoins Season ?!Hello friends,,
One of the simplest indicators for Alts is Bitcoin Dominance.
In general:
📈 BTC Dominance and MarketCap Relation📉:
- Increasing BTC dominance & decreasing Marketcap --> Alts heavy dump, BTC down.
- Increasing BTC dominance & increasing Marketcap --> BTC faster growth, Alts 5-10% Changes.
- Decreasing BTC dominance and decreasing Marketcap --> BTC dump & Alts 5-10% change.
- Decreasing BTC dominance and increasing Marketcap --> BTC uptrend and Alts pumps (Alts Party).
So in the current situation, we can not determine what will happen when BTC Dominance hit the range of 50%,
There are slightly Alts drops and some fighting at the same fiat level,
Most Alts are -60% to -80% from their ATH, So Let's hope BTC .D will resist 50% levels...
Cardano - The Road to .18 and Beyond - Updated ChartingCOINBASE:ADAUSD Fighting the good fight with CRYPTOCAP:BTC.D Let's face it, it's MAXI SEASON and as if the headwinds of the macro backdrop wasn't enough, BTC.D continues to gain precious real estate. TVC:DXY continues strengthening
Adjusted wave 2 accordingly with the most recent dead cat bounce.
Pay close attention to these events this week as they have a significant impact:
June 6th: Bank Holiday in some parts of Europe, such as Switzerland, Germany, and France
June 6th: USA Trade Balance (Difference in value between imported and exported goods and services during the reported month, a positive number indicates that more goods and services were exported than imported, the forecast is negative -$89.3B)
June 9th: Europe Main Refinancing Rate decision, monetary policy statement and European Central Bank Press Conference
June 9th: USA Unemployment Claims, which is the earliest economic data that is released in the US in a month
June 10th: USA CPI Data, which is the change in the price of goods and services purchased by consumers, the Consumer Price Index.
June 10th: Russia Rate Decision. Currently 11%
The start of the week seems quiet but the 9th and 10th could be characterized by some volatility due to the ECB rate decision, unemployment claims, and the CPI Data.
the crypto KING. BTC.D perspectiveLooks like BTC.D is heading higher this week to somewhere around 47.72%.
If this happens, I think BTC will outperform ALTS because if we are to really see a move up, its probably and almost definitely gonna start with BTC. So things to keep in mind IF you are longing ALTS. A little advice, you might wanna get some additional confluence with BTC pair. Eg: SOL/BTC, SAND/BTC and etc.
Look at my previous idea for BTC key levels I'm watching.
[UPDATE BTC.D] 34% first in July (trap). Then 29% in Oct (final)It's happening. Look at the similarities with Tornado Cash pattern below
I believe we are gonna see a very short and fast bear trap in July for altcoins (immediately after BTC reaches an ATH). A very quick dump to retest the 40% BTC.D
I then forecast as I said since 2021 a potential final altcoin melt-up during Sept and Oct 2022 where we can reach 29-30% during a bitcoin consolidation phase
BTC.D MacroThis is my point of view in macro terms for BTC.D, crypto will head eventually to new LL.
BTC.D 25DAYHello
when we dissect any chart always check market cap and more ... then create an idea for that chart
actually, I think next month for bitcoin is a good month not the best but I think that's good
BTC.DHEY GUYS what do you think about BTC.D? It is approaching the range of 48-49 and it seems that it will cross this range. As a result, altcoins can fall more than bitcoin.
Ascending Dominance BTCAfter the price reaches the demand area and the formation of the classic uptrend pattern, we expect the price to rise again to the supply area.
XPRT Persistence Token Showing Inverse H&S Pattern FT 1.97Persistence Token XPRT is showing an inverse head and shoulders pattern on the 4hr. right now. With Bitcoin dominance BTC.D almost precisely tagging resistance at 47%, I believe the alts now have a small opening in the clouds to rise. That being said wait for this candle to close in 3+ hours on your 4hr chart for entry confirmation.
Entry = Price upon candle close on the 4hr.
Stop = Somewhere below neckline. I chose 1.53
Target = 1.97 but taking profits along the way.
Risk/Reward = 3.33
Best to you!
Stew
Here's the BTC.D chart showing resistance:
Bitcoin dominance 2022 projectionCould this be what we will see for the Bitcoin dominance going into the end of 2022? I have used a fractal from 2017 & 2022 so we can have an idea of the possible downside in dominance for btc. When we did have a serious 50% downside on the btc dominance back in 2017 it only lasted for about 37 days. I know history does not repeat but often rhymes and this is why i set it down into the 20's for btc dominance.
BTC.D - DUMP!Dear My friends,
BTC has broken out of the bear flag.
BTC.D RSI is oversold.
BTC.D price move is in the bearish flag and met with huge resistance above.
We can expect a strong recovery of the Altcoin market.
Best Regards!
Bitcoin Dominance - The 4th drop & Industrial RevolutionAccording to that chart we may experience another bitcoin dominance drop, the entire market shift to Proof of Stake mega trend and it will mark the birth of a new global decentralized economy.
BTC DOMINANCE | BITCOIN | ALTCOINS: THE RELATION.Hello guys, this is the BTC dominance update in 2 days timeframe.
Things are taking quite an interesting turn in the market. I am not completely sure yet but comparing the BTC dominance with Bitcoin and other altcoins, looks like some big move is about to come.
Let's compare the dominance and BTC chart side-by-side.
Bitcoin: In my recent BTC update, BTC is holding the $28k support level and it is trying to bounce back. The RSI is at the oversold area and most likely it's gonna rally higher.
BTC Dominance: We saw BTC.D making greens for the last couple of weeks breaking out of the upper trendline and also close to hitting the resistance level. The RSI on the other hand has crossed the 70 level which shows a clear sign of rejection.
What I am understanding from the current scenario is BTC is trying to make a bullish rally and the BTC dominance is possibly getting rejected. According to the experts, whenever the BTC.D gets down and BTC goes up, the altcoins go up quicker.
Is that possible in the current phase? Are we going to see a bullish rally or is it just a trap? Well, I am not sure enough to confirm it. Like I said many traders including me are assuming this to be a bear market but nobody knows exactly and no one can be deadly accurate at this. It is all a probability. As of now, for this chart, my invalidation point will be 47% resistance level. If the BTC.D breaks above this then all these assumptions will go to nothing.
What do you think about this? Do share your ideas and correct me if I am wrong.
I'll see you in my next update.
Thank you.
Bitcoin Daily Analysis UpdateAccording to the last Bitcoin analysis, the price does not follow any specific trend. BTC is in a frustrating trading range for 3 weeks and just doing Accumulation for the next movement. because of the weekend, there is no clear decision for buyers or sellers. I think we should wait until Monday to see powerful movement with high volume. Use stop loss in all your trades. The market is bearish clearly. Permanent support is 27000$ -29500$ and minor resistance is about 30500$ -31500 $ Area.
This analysis will be updated.
