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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Btcd
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.
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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.
BTC.D and Next Altseason | #Bitcoin to New ATHThere are two possibilities that can happen in this current situation.
If BTC.D breaks 48-50% level, we can see a huge red river.
else if BTC.D unable to break the 48-50% level, so we can see huge pumps, new ATHs in the next couple of weeks.
be ready for each and every senario.
Let's see how it goes.
cheers,
May the force be with you.
crv short for short time , here is why crv is a good project , but the situation for alt coins is not good . we can see btc dominance is going up and cry have a diamond pattern which is bearish . we are following chart and indicators , macd is having a bend and death cross .use stoploss according to your fund management. use can see the target .
happy trading
Bitcoin Dominance (BTC.D) - above 1st resistance RSI double topDaily candle close triggered a TV alert for me on the BTC .D with daily closing above the first marked area of resistance on the BTC dominance chart. Noting also the double top on RSI , perhaps time to see a bit of a slow down of BTC for a moment of consolidation, hoping we resist any significant pull back and hold above both this resistance and the 60k. Watching for possible signs of bull trap from here, and show of strength from the bears. Bias towards further bullish strength in the coming days and weeks. Does wisdom dictate that Alts get a run now? Watching with caution, trade safely
BTC.D possible short-term recovery for alts?BTC .D reached 46.0 level which was a strong resistance in the near past. Let's see how it plays out this time- look for some possible double tops on lower timeframes.
Note: BTC .D falling on its own does not equal alts pump. For that to happen Bitcoin needs to be pumping or moving sideways at that time.
The beginning of alt season?Two things to watch for when we are in a bull cycle waiting for an alt season to begin, are:
- BTC dominance weakening/consolidating after a sharp rise
- ETH/BTC becoming stronger. When ETH starts outpacing Bitcoin, this is generally a sign that we are on the brink of an alt-cycle.
As ETH is currently flirting with the 200 MA and the green support area, this is a pair I'll be closely watching for the coming days.
Bitcoin Dominance Chart AnalysisPeople ask a lot about this chart, Bitcoin Dominance (BTC.D).
Currently, we have some bearish action developing even though it is early on.
We are used to reading early signals and this is pointing like a correction is about to show up.
Check my latest BTCUSD for more details.
Now, how far down can this one go?
We are looking at a correction but not a bear wave/market, with this in mind we aim at a higher low.
The 0.5/0.618 Fib. retracement level looks like a good support.
This is also close to EMA50 which also tends to works as strong support.
The RSI is already trending down after a lower high.
Same with the MACD.
This is all expected and we are not surprised.
We need one final strong correction before Nov./Dec. If we really one to see $100K or beyond.
This is what I see coming from this chart mixed with all the data that I have from reading Bitcoin for the past 8-12 months.
If you agree or have a different opinion, share it in the comments section with us.
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
btc dominance are showing reversal movement (double bottom) butas you can see btc dominance has been going strong last week and doesnt showing any bearish movement but btcd gonna test the resistent key
this area could be supply for shorters since btcd has been going so downtrend this year stay watch
Bitcoin Dominance - when to buy altcoins 🤔❓Many guys ask what to do with altcoins, when is the best time to buy them? In this idea, I will show you the best place to buy altcoins!
Bitcoin dominance is a very important indicator that can tell us when is the best time to buy or sell altcoins.
Right now on the chart, you can see that bitcoin dominance is in a trading range between the 50 and 40 levels. The dominance is now rapidly moving upwards, which is not good for altcoin growth, so all altcoins are now either falling or in consolidation.
There is a marked resistance area at the top of the chart, which could stop bitcoin dominance and would be a good opportunity to buy altcoins.
But another scenario should be noted, if bitcoin dominance continues to squeeze near this area, it would signal a breakout and a continuation of the altcoin decline.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.