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Hopium for the Holidays: Is Altseason Upon Us?A little hopium for the holidays at the end of a really bad year. I just noticed this from an earlier chart I published today (technically yesterday... I just haven't slept yet), re-publishing w/ an update. So, is altseason upon us? Like a wonderful gift just in time for the holidays? If this happens, heck yeah!!! We shall see, nevertheless, a very happy holidays (and HODLdays) to everyone on here. Much love dude, bruh, whoa! -dudebruhwhoa
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
4
Bitcoin Dominance - 2nd Re-test @ Bottom of Parallel ChannelAgain, we're re-testing the bottom of the parallel channel we broke out of back in July. For alts to make good gains, we need to stay below the two trendlines drawn (bottom line is drawn from line chart, top trendline is from candlesticks). To reiterate what was said on the chart from Nov 12, the same scenario is re-occuring and may or may not lead to another mini-alt run (or even the big one, but I'm not sure BTC is done yet). I'm expecting a drop in dominance from here, providing some short term pumps to alts, but the opposite could still occur. For this to play out, make sure we stay below the two trendlines. If we break above and stay there, returning to our channel, this could be bad for alts vs. their BTC value. Nov 12 (see link to related idea below): -Back in July, we broke down out of the channel shown here. After a mini-alt-season, we've returned to re-test the bottom of the channel. -There is a chance here that our re-test fails, and if so, we can expect alts to start moving again soon. -If we re-enter and stay in the channel, this is bad for alts.
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
BTC.D still showing signs of strengthHello my friends, I wanted to bring you another update for BTC.D On my last update, it had printed a daily bear flag, but it broke up, and just like a rising wedge can go parabolic if it breaks up, IMO so does a bear flag. Which it did, since my last update it went from 63% to 67%. Also, I would like to mention that I am dying to make a video publication using these new indicators, but in all honesty, my computer cant handle that lol so hopefully Santa brings me a new one for Xmas!! But I have to practice using these, so I won't wait until I can make videos. Anyway, lets get started... All the way to the right on the 4D you can easily see the green making contact with the blue LSMA indicating the expansion of the BBs, also it is higher than the white energy indicating bullish sentiment. If this was a coin, I'd wanna be on it! Note that the red RSI is above 56 in all time frames. It is currently making contact with the green while the green is going down on the 1D, however, it has not closed yet. If you look at short time frames such as the 3h, you will see its printing a bull pennant, and its right at resistance, which makes me think that it could keep pushing from here. But regardless, I do expect BTC.D to keep pushing higher at least one more 4D candle. Unfortunately our alt coins wont take off until this begins to trend lower on the higher tf. Thats it for now, I'll talk to yall later. Trade thirsty, my friends!
CRYPTOCAP:BTC.D
by mr_willmedina
4
2020 Dominance Channel BTC.D #btcdominance #bitcoin $BTC #cryptoHere we see our Btc Dominance chart . As you can see we have been in the same regression channel for all of 2020 . That pink and blue box on the chart is a regression channel indicator. We are also about to hit a TD Sequential 9 in green ( that's those numbers you see on top of the candles . ) When we hit a number 9 in green on November 20th we then saw steep downward dumping happen and I expect the same will happen again . If this channel seems like it will be continuing into 2021 then we could see an altseason on the way when Bitcoin Dominance starts to go down .Also notice that rsi is about to wick up to that red line - again there should be a turnaround there soon too.
CRYPTOCAP:BTC.D
by shimmeringpath
7
BTCD - Well, well, well - is this it? BTC season confirmed?Looks like BTC has decided where we are headed and it's called BTC season! Once the week closes above the pennant, we will have confirmation and likely retest the breakout and push higher towards 70%. What does this mean? The bull market rally in 2021 will be led by no other than the king of crypto - BTC. How will alts behave? They will struggle to keep up as long as the dominance of BTC increases, however, as soon as BTC reaches a top, most probably around 80%, then alts will shine. That does not mean alts wont pump, they will, but in this scenario, you want to have most of your exposure in BTC. Like and subscribe to stay updated.
CRYPTOCAP:BTC.DLong
by DU09
Bitcoin Dominance Downtrend, Big Altseason ComingBitcoin dominance is in a downtrend in the weekly chart. We have not seen such a downtrend after the epic bull run of 2017. The next 2 weeks are the deciding weeks and we see a good rise in altcoins. Bitcoin is also trading in a range of $18,000-$19500 from the past few days. That will give some air to alts to rise. Bitcoin dominance should break the 60% level after that we see a huge rally in alts. Hold your alts tightly, A big wave is coming.
CRYPTOCAP:BTC.DShort
by Bitcoinik
4
BTC.D & How it Drives the ALT Market BTC.D negatively correlated with ALTS Wave 5-A dump of BTC.D happened when XRP pumped up almost 200% on Nov19 (Check for yourself) BTC.D in a large 1,2,3,4,5 ABC Elliot Wave Formation Now we see BTC.D being rejected at the 50 Fib level of wave A According to Elliot wave theory the size of wave B is either the 50 or 61.8 fib level of wave A Therefore potential for BTC.D to rise once more to 61.8 fib level which will cause ALTS to go down some more OR , BTC.D will go into wave C now which will lead to major rise in ALTS Alts dump related with BTC.D A-B wave The size of wave C is very big and the movement of BTC.D is about 4X the movement compared to major ALTs - XRP, XLM, OMG, DASH, Eg, 1% movement of BTC.D is approx 4% move for XRP Wait for Wave B to finish with clear red candles down towards C area, by that time you will see ALTS start to rise dramatically, thats when you get ready to long. For now you could put in some small orders on ALTS but dont go in too much yet because ALTS could fall down once more before the breakout... GET READY TO LONG ALTS! Out- WineTrader888
CRYPTOCAP:BTC.D
by WineTrader888
1