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 😊
Btcd
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.
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.
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.
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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.
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- 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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BTC dominance dropping, ALT season?BTC dominance is dropping, which is surprising considering how bullish BTC is currently. Just shows how much money is flowing in to ALTS at the moment. 62.31 acted as resistance on the daily which later flipped to support. A closure under this level, which some consolidation on the BTC/USD pair, and we may see a huge rally for ALTS.
BTCD ANALYSIS / PREDICTION - RALLY vs ALT SZNImportant to keep an eye on Bitcoin Dominance. Alts have been doing great while it's trended lower, but now it's reached the bottom of a macro ascending triangle and looking for support.
I've outlined 2 possible scenarios.
One - BTCD rallies and continues to range in the pattern. Bullish for BTC, Bearish for Alts.
2. BTCD rolls over, and Altcoin season ensues.
Indicators on the 1D TF seem pretty bullish for BTC, at least in the short term, but we'll have to wait and see how it all plays out.
I don't think this bull run is over, but you have to shift focus from BTC to alts and vis-versa and keep an eye on BTCD and TOTAL2 market indices so you don't buy or sell at the wrong time.
happy trades
CD
BTC.D Dominance IndecisionBTC.D has been in a decision phase for long time and between 17-22 Feb BTC .D Dominance will decide what to do next, because right now BTC .D is between the descending triangle and it's support, it has been squeezed between there lately, so the decision will be between 17-22 Feb. If Dominance starts to rise and breakout the descending triangle , we will see BTC making new highs and ATH levels (only one condition, market should not go into deep correction). If dominance decides to fall under 60 percent, then we will have the real beginning of an altseason which Ethereum leads. The only condition is that market should not go into deep correction, and money should stay and flow within the market. So the TOTAL and TOTAL2 graphs should have been also considered between 17-22 Feb.
Bitcoin Dominance at Deciding ZoneBitcoin dominance is at deciding zone and there is a possibility of a Head & Shoulder pattern (H&S). The major support, for now, is 60% and if break below it we see massive altseason. A correction is needed in alts and also in Bitcoin dominance. So be careful in your trades and must use a stop loss.
BTC.D - Bitcoin Dominance returning to previous bottomBitcoin dominance is nearly at a free-fall. Meanwhile TOTAL 2 Marketcap (the total altcoin marketcap without btc) is at its previous all-time high. We may see a very nice rise in altcoins here for some time, especially should BTC Dominance confirm the expected head and shoulders pattern. I think this is likely having exited its channel strongly with a poor attempt at re-testing a re-entry near the bottom of that channel. Though a 2nd re-test is possible.
On the other hand, this may also mean we that are nearing the end of our bull run (within months).