Btcd
BTC.d, Defi and the future.Posting it here just in case so if that happens I can say "I told you so".
Don't get deceived by Defi, it's making its first experimental growth, there will be blood when everything gets unlocked.
Defi is a tool for a bubble creation, MONEY MAKES MONEY OUT OF THIN AIR ==== CRYPTO MAKES CRYPTO via DEFI PASSIVE REWARDS.
Timing can be wrong of course, but you get the idea of what's coming. Enjoy.
BTC.D 2hrsThe number of currencies has increased a lot compared to 2017, and bitcoin dominance cannot increase much in the new year
I expect price suffering!
ETH / BTC Long: BTC Dominance Weekly Flipped = ETH / BTC WeeklyWhatever Bitcoin Dominance does, Ethereum will do the exact opposite, proven over time. At the top is Bitcoin Dominance weekly chart, flipped upside down. Below is ETH / BTC weekly chart, normal.
Should BTC Dominance break down here and complete its head and shoulders pattern, Ethereum / Bitcoin pair will complete its HSi and move up dramatically in the same way BTC.D moves down.
I'm bullish on ETH vs BTC, I think we'll reach at least a ratio of 0.05-0.06 BTC per ETH, with a possibility to re-visit our previous all-time high and potentially break through to 0.2.
Bitcoin dominance 1W analysisThe Bitcoin dominance is at a crucial point.
Looking at the channel construction it could break out to the downside in the upcoming weeks, which would result in an alt season.
But, there is also a chance that the dominance will create first a lower high compared to the run in December.
This would require a short upwards movement of the dominance, which would be bad for altcoins.
If we disregard the outlier in December last year, we can see a clear lower high construction since September 2019.
I think that the channel will be broken which would lead to the fall of the Bitcoin dominance. The only question is when this would happen.
Looking at other points in history, such as the time between high & low of the channel and last years alt season, a new season could occur somewhere in May.
Curious what you guys think!
BTC.D (Update)Levels has been updated
Levels has optimized with supply and demand zones. Levels could improve by como cloud benchmark levels.
Mildly bullish on Crypto Market CapThe crypto market has rebounded over the past few days. Weekly indicators from Hybrid Intelligence should help with identifying the trend.
Here is the usual weekly question:
“The cryptocurrency Market Capitalization settled at 1545B USD at 02:00 PM UTC on Wednesday, March 3. Will the Market cap climb above 1660.9B USD (+7.5%) earlier than drop below 1429.1B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 61%
This is a mildly bullish indicator. Hybrid Intelligence believes it’s more likely the crypto market will go higher.
To check if the growth will be across both Bitcoin and the rest of the market, we’ve asked the following question:
“Bitcoin crypto market share settled at 62.22% at 02:00 PM UTC on Wednesday, March 3. Will Bitcoin's market share climb above 63.46% (+2%) earlier than drop below 60.98% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 29%
This suggests that Hybrid Intelligence does not expect BTC dominance to rise higher. Throughout February BTC dominance stayed mostly under 63% and this resistance is unlikely to be broken now.
Together these two indicators suggest that Hybrid Intelligence is now favouring altcoins.
Are Alts about to get a boost?We have few scenarios here, BTC is currently trading below its Support level as per Volume Profile, and same goes for ETH. BTC.D is also about to fall, indicating slight rise in either Dollar Index or OTHERS.D.
If the charts are right, and everything is following its Fibonacci range, we at ChainAssets.Capital are expecting BTC to fall even more and see a new Movement in Alts.
I wouldn't be too sure about major ALTS as they have already had their Fun, though it is highly possible that some of the major alts might be the reason for this further Push, I'd rather have my focus fixed on Shit Coins (Value less that $5).
For now, Looks like re entry in Alts is a favorable condition and we at chainassets.capital would recommend that you do not think much about investing in BTC and be prepared with Shorts on BTC.
NOTE: If BTC takes support from its current level, it will certainly be a good news for BTC holders and later comers, as we will again see some major movement in BTC and ETH.
If you have some positions in Market at Recent Highs, First suggestion would be of averaging out positions as much as possible. Secondly, if averaging out is not possible, then plan on holding your investments for a longer duration of time.
we at chainassets.capital wish you happy trading with this little insight. Feel free to comment your suggestions down below, and let's see if we can come on to a conclusion over market as a community!
Cheers!!!!
Bitcoin Dominance looks bullish, Altseason about to end?Bitcoin Dominance is at the resistance line and if breaks upwards not good for alts. Dominance is in an uptrend on the lower time frames and looks like the altseason about to end. Don't take big positions in alts at current prices. We will wait till the weekend for confirmation and only give signals that are at support or breakout. Keep Learning, Keep Earning 😊
Bitcoin Dominance on the EdgeBitcoin dominance almost formed a head and shoulders pattern. In case it breaks down below %59 the neckline and an important support would be broken and a massive alt-season will happen. On the other hand, if it bounces at the support it can go back above %70 which is absolutely not good for altcoins
BTC.D Critical TerritoryThe Bitcoin Dominance hit the weekly support from the rising uptrend.
For the 1st scenario a reversal is going on right now. (higher probability)
For the 2nd scenario , a break to the downside will led to a massive Alt-season. (Lower probability)
P.S. I would like to hear your toughs in the comments below, Thanks.
Bitcoin UpdateBitcoin broke its previous downtrend line. It seems to be on an uptrend, but there is a green resistance against it, which allows the re-downtrend to move up to $ 47,000.
If Bitcoin breaks the upward resistance, we can expect it to climb to the $ 55,000 range.
BTC Dominance and potential double-top reversal scenarioBTC.D looking top heavy and currently consolidating just above support level (~60%).
We are also looking at a potential double-top setup (with neckline at 57.2%), the completion of which takes us to the low 40s.
Needs to break that neckline first but are altcoins about to go berserker mode on us?
A bit of a waiting game but we'll get the answers soon enough.
BTC Dominance short term analysisBTC Dominance is in a bullish channel which can get to top of the channel in short term.
Bitcoin Dominance, Right shoulder before the AltsznHead & Shoulder pattern can be clearly seen at 1D TF if the right shoulder will fully develop it might trigger the real Altszn...
making the upside of right shoulder might be a correction for $BTC and some Alts...
will only happen if BTC.D moves like my chart idea....
Trade at your own risk...
When will ALTSeason end? (is it over already)Short answer is no. I've seen BTC.D charts that show bitcoin dominance regaining, and that we are hitting a support line where altcoins will fall. I took some time to look myself and I think we're not there yet. As you can see in the chart we still have a short drop to the hard support line on the btc.d chart, we've also got this huge red ichimoko cloud opening up which in my analysis signals further down drop and should provide a ceiling over the next few (weeks/months?) to stop altcoincs from falling.
This could be the last hurrah for the time being, we've seen some serious consolidation / accumulation over the last week or so, and I believe with the volume dropping off, this is the time when prices can spike hard and fast. Thinking back to previous 2017 bull run, we're at the base of the cliff, just before the 2 week parabolic candles. Some coins have already done this (small cap alt coins) but some of the big names need to come out yet.
I'm talking Litecoin, Stellar, even plenty of room to grow still. I'll be watching ADA as well and Tezos. Tezos in particular seems primed for gigantic growth as it really hasn't popped off just yet.
This is not financial advice, do your own research.
If you like my analysis please hit follow and like.
Bitcoin Dominance back to 50% - Starting from today!Well, time for the new wave of the altcoin season has arrived as it seems. BTC.D is highly likely to test the 50% dominance in the months to come.
The situation BTC.DAlthough some Altcoins have grown well, it is still too early to start the season. The dominance should test the channel ceiling again. It is almost at MA 50 that this growth can be accompanied by a slight decline for the currencies that have been growing for this period.
To start the Alt Season, Bitcoin must remain in the side range (range) and lose the daily support 57.10% support, then it can be said that the Alt Season has started. And remember, even with a drop in dominance and a drop in bitcoin, there is no tool
CRV TO INFINITY AND BEYOND!I Believe crv is in a cup and handle pattern. And has just seen a strong rejection from a key sr. Also on 11th and 5th of feb price tried to pass over the 0.618 fib level at around 3.64 however i believe in the coming days CRV will brake through this level!
however please keep an eye on BTC and BTC.D( bitcoin market cap dominance) as they will have a huge impact on price.
Bitcoin Dominance BTC.D - ALT SEASON STARTING!- We can clearly see 2 bearish patterns on the BTC.D chart
- Head and Shoulders with target around 66
- Bearish descending triangle with target around 63
- Wait for breakout below 68 to confirm both of these patterns
- If these 2 patterns breakdown = ALT SEASON!
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BTC.D Bitcoin Dominance - Elliott Wave + Parallel channel- BTC.D chart broke out of the main broadening wedge pattern.
- The price is currently below 0.618 fib, which is extremely bearish for bitcoin dominance chart!
- 0.618 fib switched from a support to a strong resistance.
- For more information, please check my signature below. ↓
- I am expecting one more wave to the downside (5 blue) and here we will likely create a double bottom reversal pattern.
- We do not know the retracement of the 4th wave.
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