BTC DOMINANCE UPDATEBTC DOMINANCE UPDATE
The relationship between BTC dominance & Altcoins growth is Inverse relationship
Good time to accumulate altcoins when dominance of BTC is about to drop/ breakdown
Here in chart we can see 2 potential scenarios :
Scenario 1: start to drop near current level
Scenario 2: sharp rise to 59% - 62% before dropping ..
The real altseason will start when we drop
So Keep an eye on this chart …
Btc_dominance
BTC.D probabilityhi everybody
dominance in daily time frame is still ranging in that yellow static channel I drew before . after a fake break out from static channel it just hit the green bullish channel top and bounce down.
I have indicated everything that happens before in my previous ideas you can check them all.
now it's struggling with static channel ( yellow ) midline.
if candles could handle to break it down: the next target would be the bottom of the green channel
if candles could break fork midline to up: the next target could be about the top of the green channel or next level ( green line ) of the fork.
time will show us every thing
the important thing is whether it goes up or down almost all the altcoins will affect in extra times . so be careful and save some of your profits
be happy
💣BTC.D % will reject again from top of Rectangle pattern💣!!!Today let's take a look at the Bitcoin Dominance Index(BTC.D) and see if Altcoins are the right place to invest again if the cryptocurrency market is bullish or Bitcoin.
Conversely, if the cryptocurrency market is bearish, can altcoins counter the fall or not❓
To answer the above ambiguities, we should first familiarize ourselves with the definition of the Bitcoin Dominance index(BTC.D%):
What is Bitcoin Dominance Index ( BTC.D%) ❗️❓
Bitcoin Dominance Index(BTC.D%) is a measure of how much of the total market cap of crypto is comprised of Bitcoin. It can help you understand the trend of BTC and Altcoins.
BTC.D has been caught between two zones of heavy resistance and support for about two years and has formed a rectangle pattern.
It is interesting to know that measuring the strength of BTC.D's upward or downward trend can be achieved by measuring the time each upward or downward movement reaches one of the two upper or lower lines of the rectangle pattern.
If you look at the chart, every time BTC.D moves from the bottom line to the first line of the rectangle pattern, it takes time, and this shows that the upward trend of BTC.D in the rectangle pattern is decreasing.
I expect BTC.D to retrace from the upper line to the lower line of the rectangle pattern and this move will probably last 12-18 weeks.
❗️ Note ❗️: We have to compound BTC.D analysis with some other items such as Total Crypto Total Market Cap $ Index and etc.
Bitcoin Analyze (Dominance Index ( BTC .D%)) Weekly Time frame⏰
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
BTC - BTC.D, DXY, M2, 2013 fractalI created this combo chart to get more overall view on how BTC is ready to continue bull run to the market top.
1) 2013 fractal had 50% dip (Nov 2013) just before the last leg up. Fractal matches this dip.
2) Bitcoin Dominance completing triangle. So now it should drop for the final BTC capitulation to altcoins.
BTC will rise in price as well.
3) Dollar Index peaked above trend line. I suspect fakeout. DXY drops, good for BTC.
4) Bitcoin adjusted for M2 money supply came back and tested the top. Classic pattern.
BTC 1H - Head and shoulder?As it can be seen, BTC broke the downtrend line, it waits for what? I think it starts to make a right shoulder as a pullback to a broken trend line. we look forward to breaking the neckline. if it will fail, we are waiting for 20K.
Hey guys, care about BTC dominance too, I think it will be supported on the 43% level.
what will be happened if BTC will be upward and BTC.D too?
BTC.D lookup, bigger pictureThis is how I see possible next altcoin season in the wider picture.
So far BTC Dominance trades inside a bearish triangle and printed a good bearish engulfing on the Monthly time frame. Notice that a bullish one was printed at 2018 and worked pretty well.
I Expect some tests on diagonal resistance, even with wicks, before we start raly down. That diagonal resistance needs to be broken, such as 2020 ATL in order for us to see altcoins flying like January and half February.
Lower time frame, 1D is printing a great bearish head & shoulders (), but there is still enough room to fill in the right shoulder and BTC isn't giving a break to anyone at the moment.
Trade the dips on altcoins and scalp. Don't overextend.
A quick look on BTC's dominance Hello my friends
It's been about three weeks since Bitcoin dominance declined, and as you can see in the chart above; After reacting to the Fibonacci level of 63.8, during 3 bearish candlesticks, the Fibonacci broke fibo of 50% and approached the Fibonacci level of 38.2.
Given the recent growth of bitcoin with a decrease in dominance, expect a further decline, of course, I think bitcoin has at least another upward wave and then see it fall
In other words, it can be concluded that with the decrease of dominance, the season of altcoins has arrived and bitcoin fluctuates in this range for a limited time and in the same time we can see the growth of altcoins.
------------------------------------------------------------------------------------------------------------------------------
👉this Analysis is my personal opinion and you are responsible for your own trades or investment.
❤️with Best Regards and successful trades.
BTC .D is Bearish-1WBTC .D is Bearish in Long Term and also in short term and i think it can't break the 73.1 resistance .
Also in 4h timeframe you see Head & Shoulder (Not Complete).
RSI say overbought.
MACD is on top....
So this candles must be Red in next days and weeks.
Alt season is coming ...
This is not an investment advice .
i know in next 5 years we will see change the world; Crypto will replace with FIAT
Future of the word is : Quantum Computer - AI - Blockchain