Btcd
BTC.Dominance Short - ALTS LONG
BTC.Dominance now printed a nice head and shoulders bearish pattern. At MACD we have bearish cross which means the bearish movement in 12hour timeframe is confirmed. A breakdown from here BTC.Dominance will go to 65.88% for Head and shoulders target.
Tonight the weekly candle will close,there is a nice rejection. Altcoins will going up in sats value.Good luck
Update - BTC still going to 7200 (or lower)If you've found this helpful, please leave a like and subscribe.
Do you agree or disagree? I would love to hear your thoughts in the comments!
We've broken two trend lines and the price currently finds support at .382
7200 represents the .618 retrace line and hence, the basis for my target.
BTC.D (Bitcoin Dominance) is waning and alt coins are seeing those 20-40% daily gains.
This seems likely to continue to (or around) August 6th, where BTC could bounce or see selling accelerated.
Will ALTCOINS Die Now? The MOST Interesting Chart - Must SeeI want to share this chart with you. Nobody is really paying attention to this, but I will! This chart is revealing a truth nobody is talking about.
This is the Bitcoin Dominance Chart. BTC Dominance is telling us, how big a share Bitcoin represents of the Total Global Market Cap. I follow this every day, and update My Family about this, to spot any changes in these Macro Trends, so we know where our focus should be at.
In the beginning of this year our Family focus was on Altcoins, because I saw that altcoins were doing better than Bitcoin. So we made a lot of money on that in January and February.
But since April Bitcoin has just fared better. And right now it seems like it will not stop. We are in ascending triangle, that most likely will take us to almost 90%(!!). Yes, 87.27% on this chart to be precise!
Consequences
This will mean, that Ethereum, which is 2nd largest coin, measurred on Marketcap, will take a massive hit. ETH right now represents around 10% and will drop hard. Ripple with 5% right now, will feel it, and the same with Bitcoin Cash, Litecoin, EOS, Bincance Coin, Tron, BSV etc.
What I have shown you here is just pure facts based on data. That is what this chart is telling us. This chart is also asking a lot of questions, like: Will there be no Altcoin season anymore, and will we only see a few altcoins survive this massacre?!
Please remember to give a LIKE, and I also want to hear you guys, what you think will happen in the future with Altcoins. Lets get a healthy debate going.
D4 Loves You <3
BTC.D - Next wave of Altcoin season at fight or flightBitcoin's market dominance appears to be at a the precipice of reversal, which would trigger the next wave of Altcoin season.
BTC breaking out, above the triangle invalidates this idea.
I think we will see an immediate drop in BTC dominance down to at least 59.
Some alts will pump in this period while speculating traders take their bet.
Upon reaching 59, the market will have a choice to make. Dipping below say 58.5 will break the triangle and we'll see a bloom in alt coins.
If Bitcoin dominance breaks below 57 and especially below 56 we'll see alt coins bloom A LOT. ;)
Good luck!
Bitcoin Dominance | Continuation and Altcoin Risk-off?Bitcoin dominance looks like its getting ready to resume the trend upward. Its not quite following our previous projection, but the break out from the descending wedge pattern will keep the chart bright until we see some major breakdown or weakness.
1) We see lots of upside due to the size of the descending wedge.
2) RSI forming falling wedge reversal
3) Candles consolidating above support.
PS. Visit this idea for info on how to trade this data:
BITCOIN DOMINANCE PROBABLY BACK TO 85%, 2016 levelsLooking at BTC dominance, there is a HUGE upside down Head and Shoulders that in case of break up it will bring BITCOIN dominance back to 2016 levels or about 85%-90%.
In a way it makes sense since every time BTC drops a little ALTS drops a lot, and it seems that at the moment BTC is due to a correction.
Only for entertaining purposes
Let me know what you think, don't forget to LIKE this post
Bitcoin i think bull run is done, we need correction to5800-6000I think bitcoin bull run is done.
We need correction to $5800-$6100.
Will there be another update of the maximum price. I do not know. But growth was very strong and a correction to the support zone is needed.
+
We have big gap on the Bitcoin Futures (CME)
BTC Dominance is down (Big correction) GOOD time for ALT Coins!There is the first powerful signal for the return of Bitcoin dominance to the launch site.
Bitcoin is losing its growth power!
Now the best time for buy Alt coins!
My Favorite Alt coins for Buy:
What Alt coins i want buy now?
1) NEO (Neo)
- NEOUSD
- NEOBTC
2) ONT (Ontology)
- ONTUSD
- ONTBTC
3) ETH (Ethereum)
- ETHUSD
- ETHBTC
4) TRX (Tron)
- TRXUSD
- TRXBTC
5) EOS (EOS)
- EOSUSD
- EOSBTC
6) XLM (Stellar)
- XLMUSD
- XLMBTC
7) ADA (Cardano)
- ADAUSD
- ADABTC
I am now doing an analysis on these coins and am already entering them.
You can see tomorrow on my channel in Telegram.
Now I produce technical analysis and look at fundamental analysis.
Altcoin Going 5x Cummings Soon You can see the Chart of Btc Dominance on Daily Timeframe .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
A trading opportunity to buy in BTCDBTCTechnical analysis:
. BITCOINDARK/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00736080 to 0.00559310). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00736080)
Ending of entry zone (0.00559310)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01109300
TP2= @ 0.01310700
TP3= @ 0.01473000
TP4= @ 0.01662300
TP5= @ 0.02108900
TP6= @ 0.02556000
TP7= @ 0.03191500
TP8= @ 0.04001800
TP9= Free
A trading opportunity to buy in BTCDBTCTechnical analysis:
. BITCOINDARK/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00736080 to 0.00559310). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00736080)
Ending of entry zone (0.00559310)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01109300
TP2= @ 0.01310700
TP3= @ 0.01473000
TP4= @ 0.01662300
TP5= @ 0.02108900
TP6= @ 0.02556000
TP7= @ 0.03191500
TP8= @ 0.04001800
TP9= Free