Alt season continues...This is the time to buy alts for the medium term, Potentially alts should increase 50% on average across the board. Of course, some will rise, even more, some less.
Btcd
#BTC.D 2H Chart update
No major movements from BTC.D. it is still ranging between the support at 43.5% and the resistance at 44.3%. I am still waiting for it to breakout most probably from the resistance area aiming for 45.5% for now.
BTC.D Dominance of Btcits technical ............................. almost here is dip for those alts that not pumped yet ..................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
BTC.DAfter seeing mini alt season we can see bleeding in alts now. I am out of the alts as btc dominance tested the lower support panel and got bounce from there now we might see BTC.D at 50%
BTCD Macro Analysis: Support = BTC SZN?? Bitcoin Dominance has bounced twice off of its historic ATL support level. If we see a reversal, it will lend credibility to idea of an epic Bitcoin run up many are anticipating and BTC will outperform most (especially large cap) altcoins.
happy trades,
CD
BTC Dominance - What Party Time is it?Bitcoin dominance has violated a supporting trendline in the one day chart. In an ideal scenario this could send BTC dom further down - giving alts momentum and strength for a short period of time before inevitably bouncing back up. Another scenario shows a sideways movement of BTC dominance which would indicate the market remains choppy and undecided. A last scenario shows BTC breaking back above the trendline and taking away strength from alts. Neutral, until confirmation of breakdown or up.
BTC.D rejected from weekly ascending resistance#BTCD
Bitcoin Dominance rejected from descending resistance zone. in bearish scenario there is a strong support zone that if success to break it down it will head down toward 31.6 and 23.88.
but in bullish way it is possible that support zone reject the dominance and lead it upward to touch resistance zone.
RSI and MACD seems are more bullish.
BTC Dominance - when will altcoin fever start ❓😱Bitcoin dominance is slowly moving downwards.
This is good for altcoins, as you may have noticed all altcoins are moving up little by little. Some coins have already made more than 200% growth.
If Bitcoin dominance breaks through the resistance zone, it is very likely that altcoin fever will start in the market.
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.D - About to reach major support. Possible shakoutAfter breaking the baseline of previously formed Head & Shoulders the value is now about to reach an important level (~42.8) which was set by me as a potential target, although there's more potential for this drop (41.46). Nevertheless we can still expect a small shakeout on alts very soon, once the "more conservative" target is hit.
The best case scenario for all altcoin holders of course would be to break through this level with no stops whatsoever, but we'll see what happens!
Please check out my other publication from today as I think it helps getting a better narrative (USDT.D- see related ideas)
Best of luck 🤗
BTC.D: Heading downAs much as i don’t like to analyze this chart, I acknowledge is pretty important. Bitcoin dominance broke the trend line, retested it on lower time frames and is currently heading down again.
Conclusion: i’d say is pretty safe to sit on altcoins for the next few days.
alt season ? look on btc dominance well , as you can see if the btc dominance goes down the red support then it will trigger alt season for some coin which didnt hade any major pump due to btc bull market . so watch these coin which is not pumped after btc pump .
btc price should be 43 - 49 k on these days .
1W BTCD: Likely downAs above.
BTC.D likely continued drop. Possible bottom target with bounce @ 39ish.
Will follow.
Good luck traders.
Bitcoin Dominance AnalysisAfter the formation of the weekly pivot, we expect a return to the FTC of this pivot in the range of 46.73 - 47.26. Then move to the weekly FTC Pivot area in the range of 41.50 - 40.98. The season of altcoins seems to start with the downward movement of bitcoin dominance. This is just a possibility!
Bitcoin Dominance - Rising Wedge: FallingHello,
Check the Bitcoin dominance, it formed a rising wedge right at the bottom of the cart, we can see a big volume moving in stable and altcoins market.
We already see some moving in altcoins market.
Take care,
This is not a trading advice.
St.Gex
Update on the #altcoin market!Some great action from the smaller coins
setting great patterns,
what are you guys playing for this run (leave a comment)
Altcoins SEASON INCOMING 🚀🚀BTC Dominance is one of the major signs of ALT Season return or arrival.
The lower the Score on the BTC.D card, the better for rally of Altcoins . On the other hand the higher the Score , the bad for altcoins .
Technically, we are in a descending channel , setting up nicely along with it. See where I marked Flat Top sent it downwards previously, which is responsible for current Alts moves, but that's just tip of the iceberg.
It failed to make Higher High but did Lower High instead ( Red Flag )
At the moment, it is moving within GP ( golden pocket ), though it already punched through it once . If it cannot make it out of GP, that means drop is imminent
Various levels of Resistance on the chart where I expect near rejections . To take it down towards mid-channel, then bottom of channel.
With all these on the charts it is obvious ALT SEASON may just be around the corner . Where all tokens will go parabolic, even meme coins will follow. 🤑🤑
Keep watch and fingers crossed on this one.
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Altcoin market about to explodeAltcoin market is on the resistance for the 3rd time. Probably a bit of a retracement short term, but inevitably it will break and FLY.
ETH follows BTC with the highest weekly closure ever ETH follows BTC with the highest weekly closure ever + BTC dominance bearish chart = Altcoin market booming
BTC.D inside descending resistance zone#BTCD
Bitcoin Dominance still hold the descending resistance zone and dropped to daily support zone, if dominance hold above this support and head up again it will go up to touch strong resistance zone, as we can see RSI and MACD support the idea of more uptrend.
if #dominance hold the descending resistance it is possible to show more fall to long term support zone.
GRIM FORECAST FOR ALTS - APEX CRYPTO LEAVES NO ROOM FOR ALTSAs much as we all appreciate the fresh innovation from alts (be it smart contracts or NFTs), the BTC Dominance chart says it all.
The ALT/BTC value will begin to depreciate until it becomes too insignificant to matter. One question remains though...
Will there be a "flippening" from the "underdog" Bitcoin Cash (BCH) before all this ends?
Let us know your thoughts in the comments.
It doesn't seem like it wants to fallAs long as the green support zone continues to operate ; target will continue to be 50 .
When the black resistance is overcome, the double bottom target will come to the fore ; corresponding to 60
What I'm talking about is medium term, not short term.
please review the drawings before asking questions
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King BTC for the next monthsBTC Dominance is in a long term range between 70 and 30 and i believe this range will not break higher or lower for a long time ahead.
MACD in Daily and Weekly is bullish on the charts and i don't see it reversing that fast, hence prices would go higher into 60s area in the coming weeks, if we get there we should start looking at reversal options.
This mean Alts value in USD would probably benefit from BTC higher prices but we wouldn't see an overall "ALT Season" where ALTs are overperforming BTC.
Of course this would need to be followed as we cannot predict the market
BTC Dominance PredictionThis is just an idea I charted back in early October. Putting it here to see others' thoughts. I have 3 theories on how this market cycle is going to end. This is 1 of them which is quite bullish and is reflected by this chart:
Early Jan will be the peak of the altcoin season hence we drop below the 2017 BTC.D but then instantly pump back up. The whole market dumps early January based on this idea as per 2018 January. February we then get a cat bounce as ETH2.0 is announced and/or is anticipated. But this bounce will prove the bear market is upon us as a week or 2 before the ETH2.0 launch (I expect around late Feb or early March) will be the mother of all dumps. At this point, if you HODL'ed during the dump from early Jan, it's probably best to sell on this bounce and perhaps leave a small amount for speculation.
Again, this is just an idea.
