Btcd
Marketcap BTC Dominance 1W;POSSIBLE RETRACMENTThe bitcoin ownership percentage chart has reached the specified resistance range according to the analysis, and is likely to have a few weeks of correction in the current range.
A POSSIBLE CHANCE FOR RISE ALTCOINS :As long as the chart is uptrend, bitcoin ownership will be higher than the market, and as a result the volume and trading of penalties will decrease, and if the chart is down, there may be a reason for penalties to rise.
Weekly Bitcoin dominance analysis Btc.DBitcoin domination has not increased. But before domination rose, prices increased. The money is still floating in altcoins.
Need to trade carefully. Buying bitcoins from this point can be dangerous. I think it is necessary to wait for domination to rise.
This is an amateur work. It is not investment advice. Good luck to everyone.
BTC.D P-Modeling Pt 3. The Black Swans of Cajun Welcome Hyperspace Travelers..
Hope everyone is doing well.
Technical Stuffs from the last idea.. Please see the first Model failure on BTC.D.
Double Nestled Cup and Handle Formation with Orthogonal Phase States.
Timeframe 2015-2021
Linear Root w/ Wave Satisfies 0-A-B-C -IN-
Linear Root w/ Wave Satisfies C-B-A-0 -OUT-
w/Junction at Dominance Low.
Nestled Cups has Cypher Validation X-A-B-C-D
D- of Cypher Ends Nestled Cup.
End of Nestled Cup results in upward movement as expected with a cup/handle formation.
Root Vector Defined by Yellow Focal
Cup Handle Baseline is 94% Dominance by BTC . Equalization is achieved by Dominance Reset.
Multi-Harmonic Validated Handle
Root Potential Absorption: 87% towards root MAX. Scam wick central. validated by focal point, (Angular Window)
I am most probably wrong though.. But .. What if..
Focal mirror of Complex #1.
________________________________________________
Trial #3
Fail or Success?
Failure is a necessary component of success.
Come for the laughs, stay for the Art.
___________________
Think in Loops.
Think in Strings.
Begin to connect them.
You see weird things...
Oof. Tis so Pretty.. But is it functional?... That is the question of the day.
Bet your ass, I am shorting this again into the ground. Despite my previous failure.
This is a Time-Series Analysis.
Now for some deep thinking. Cheers.
Thanks for Pondering the Unknown with Me,
Glitch420
*Disclaimer: If you seizure prone, turn the brightness all the way up for extra eye bleed. This is financial advice.
July 26-27 Btc Usd Pump review and Bitcoin DominanceThere is a big divergence between prices and Btc dominance. I think these prices will be withdrawn (maybe after eating some more pump). There may be 9700 to 9500 resistors. Dominance is around 62.7. It doesn't look like a steady rise. There is a down trend line for BTC.D and it does not give a clue that this rise will be permanent.
If we come to price analysis with Rsi; do not want to end it creates the image. There is a negative mismatch. I think these prices cannot exceed the 1st and 2nd weeks of August. Maybe even earlier ...
It may seem like Bullish, but I commented as a bear trap.
Friends this is definitely an amateur work. It is not an investment recommendation. I wish goodluck for everyones.
BTC DOMINANCE UPDATE BTC D will retrace a little from here before further drop till maximum 64% according to Reveres cup & Handle it will be Great Opportunity for accumulate more #ALTS in dip For upcoming Bull Run.
62% Is Strong Support for Dominance (Nack Line Become Strong Support ) According to me Incoming Day's It will broken & Alts Rally Will be Start aging.. 😊
#BTC Dominance breaks! Altseason continues until this happens!Welcome to this quick update.
Thanks for the unmatchable support you've shown so far. Keep supporting if you find my work deserving.
1. Dominance broke down an important support level which held for the last 122 days.
2. As per fractals it should fall for approximately -5.88 % to the lower green support level from here which will result in anther alt rally for the next 4 to 6 weeks.
INVALIDATION POINT:
1. If it breaks above the 50D MA (Red line) and closes above it.
2. A positive daily close above the support line (Red Line).
This breakdown will result in 200 to 300% profit in the next 4 to 6 weeks in many altcoins. Follow me to know the TOP 10 altcoins to trade this season.
THE BEST THING ABOUT TRADINGVIEW IS YOUR CHARTS DOES THE TALKING, So go through my previous altcoin updates to know about my accuracy. If you find it deserving please like and shoot a follow for more future updates.
Thanks for reading
Stay safe
#PEACE
$BTC.D Alt Season?
Is this the start of Altcoin season or just another fake out and continued Bitcoin dominance?
I'm not saying that Bitcoin is going to tank in price, I think we will see a mini altcoin season like we did at the start of 2017, then Bitcoin will start to spike up in price and during that time there will be a lot of hype and another altcoin season. So i'm thinking two, one mini and one huge one just like 2017.
If you were back here trading in 2017 and before you understand that the markets and the sentiment are starting to rhyme, with 1000% coins like THETA and VET & ADA on the move like crazy this past week, its starting to sound like alt season.
Just be patient and have confidence in your trades
#BTC Dominance! Fractals! Alt season is not over YET?Welcome to this quick update guys.
Like my previous Dominance update I shared both the bull and the bear scenario.
In this chart I would like to share with you some reasons why I think Alt season may continue for more 7 weeks.
Please observe the chart with me:
The Fractals, you cn see the black poly line waves have been moving like a rhyme .
50D MA: Whenever Dominance breaks below 50D MA we have seen extended rallies for altcoins.
Potential Bearish Pennant in formation which generally breaks to the downside.
And most importantly the altcoin Hypes isn’t over yet. There are still mainnets to be launched, rebranding to be done, testnet to be released, Big announcements to be done.
So on the basis of all these technical and fundamental reason I think we can see an extended alt season is not OVER YET for the next 6 weeks.
If you like this idea please hit the like button to support my work.
Do not forget to follow me for more future updates on altcoins and bitcoins.
STAY SAFE
#Peace
Bitcoin Dominance with TOP10/20 Altcoins | ExplainedThe Bitcoin Dominance (BTC.D) chart isn't as straight forward as it looks... It being bullish or bearish doesn't necessarily mean that Bitcoin will go either up or down... Let me explain.
Most of the cryptocurrency market cap. is spread throughout the TOP10/20 cryptos, and these will determine how this chart will look.
If Bitcoin remains stable while the TOP10 altcoins drop, we can see BTC.D rising while BTCUSD remains the same.
There is also the scenario where you can see Bitcoin dropping but the TOP altcoins dropping faster than BTC, this would also lead BTC.D to increase.
At the present time, Bitcoin Dominance is likely to drop.
We have a bearish Bitcoin and many of the altcoins are starting to grow.
BTC.D Chart Signals
On this chart, we have mixed signals with the bears/red having the upper hand.
Prices are trading below EMA50 and EMA10.
The trading volume is also lower than before.
The RSI is below 50 (leaning bearish) while the MACD is trading below the neutral zone.
---
Bitcoin tends to move together with the TOP altcoins when it drops... But when Bitcoin is going sideways, these same altcoins instead can jump.
So it is possible to see the Bitcoin Dominance dropping and the altcoins producing higher lows and more growth.
Namaste.
#BTC Dominance at decisive point. Will alt season continue?Guys first of all please hit that like button to support my work. It takes time keep you all updated with the market.
Follow me for more future updates.
Let's get back. to this quick update:
BTC Dominance followed our previous charts correctly with a 100% accuracy, you can check it by. yourself (I'll post the links in this update).
You can observe in the chart itself how the fractals have played out in the chart. Currently it is trading under a channel just like before. Not to ignore that that the current red channel is a rising wedge too which is bearish and we can also see a breakdown which will result in the continuation in this alt season.
How do I know when to exit the altcoins if required?
Well this is pretty simple if you can observe the chart. If this support holds within 16 june which means if any Daily candle closes in Green making a higher highs, we will exit alts (Not a financial advice). This will confirm the reversal in the trend.
And If any daily candle close below the support line alts will continue to rally.
I will be posting more updates on BTC altcoins stay tuned and please follow me for more future updates.
Stay safe
#PEACE
Bitcoin Dominance In Long Distribution, Breakout Soon?!Dear readers I would like to point out that Bitcoin Dominance (BTC.D) has made both complete wave-count on relative price as on the normal price and with this long sideways distribution we should see a big move in near future.
This move could send the momentum for a further trend as the dominance went sideways for a really long time and is now finally able to find the least resistance route.
Primary support would be the lower trendline at 61-60%, below that 52-54% of the market capitalization. This means altcoins should regain a good amount of market share proportionally to bitcoin. One could argue that this is a bullish hindsight signal, often a bullish altcoin market cap goes along with a positive sentiment and new money flowing into the whole market cap as investors are willing to take more risk. It would make sense for the other projects that have been developing over the years to finally get a competitive ground against bitcoin as they catch up with their own unique ideas, that try to cover shortcomings of bitcoin or explore a completely new field of interest.
What do you think? Could a trend to lower bitcoin dominance lead to a more bullish market? I would love to hear your opinions or theories, please like and leave a comment!
$BTC.D UPDATE - Altcoin Season Coming
An update from my last Bitcoin Dominance idea, where I called out the dominance would top out in September then start to gradually fall before alt season.
A lot of people are still calling for higher highs on the dominance, which just tells me they don't understand how to trade
This has been a long time coming , alt season , dominance slowly falling and falling little % by %.
There's going to be a period of about a month where the dominance just falls to around 35% like before in the end of 2017.
History doesn't repeat itself but it often rhymes
I'm not saying Bitcoin is going to tank in price, to be honest I think with the whole beer virus scam it's going to wake people up and start hedging their money. Whether it be Gold or a shitcoin like Cardano .
I think we will see a mini altcoin season like we did at the start of 2017, then Bitcoin will start to spike up in price and during that time there will be a lot of hype and another altcoin season. So i'm thinking two, one mini and one huge just like 2017.
If you were here back in 2017, it's already starting to rhyme. Just be patient and have confidence in your investments.
As always please do your own research, I am not a financial advisor.
Bitcoin Dominance: A Slow and Steady Rise 1D (Jun. 1)X Force Global Analysis:
In this analysis, we explore the Bitcoin dominance chart in order to determine the probable cases of Bitcoin and altcoins that have been on a bullish rally.
Analysis
- Bitcoin dominance is trading within an ascending parallel channel, forming higher lows and higher highs
- Within the ascending channel, we are consolidating in a smaller descending channel
- This is a textbook bullish flag pattern, and it is expected that we see a potential breakout
- Dominance is reaching close to the ascending trend line support and the 0.382 Fibonacci retracement support
- The Relative Strength Index (RSI) is at neutral levels, having formed higher lows and higher highs as a sign of strength
- The Moving Average Convergence Divergence (MACD) also shows decreasing bearish histograms, and a potentiality for a golden cross
What We Believe
Essentially, this indicates that capital that has flown from Bitcoin to certain promising altcoins, may flow back into bitcoin, leading altcoins to a bearish trend. A breakdown from the ascending parallel channel would negate this theory.
Trade Safe.
BTC.D - Alt SeasonBitcoin's dominance is dropping.
We've now stopped at an average moving 66%.
On 1d timeframe shows a downtrend.
Alt season is already happening.
I laid out a lot of posts with altcoin.
if we go back to 70, I would be surprised)
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!