Btcdom
BTC DOM ; update ; macro repeat ideaBTC DOM ; update ; macro repeat idea
this is an update of the squiggle fest of an idea last time. which seems to be playing out well so far.
we had a big dom dump recently where CERTAIN alts pumped like crazy ie. ftm, avax, sol etc
IF this idea is sound AND ive got the positioning right, and we are indeed straight up repeating (pretty big ifs) THEN you should be all in BTC and it should continue running up for another week or two. At which point you will want to swap to stable coin, let BTC do a decent dump which will take the rest of the market down with it for 2-3 weeks...
THEN buy your fav ALTCOIN. sit back and let the final blow off happen where everything sky rockets. that should be about 3 weeks or so ending later DEC. obviously that is the point to abandon all ships and just turn it all off. maybe put a low lev large size short with stops on. :) THIS last bit, really is the hard part.
That would put BITCOIN at around the same price point as the 10th of OCT 2017 nowish on 12th OCT 2021 lol
to note;
- i see a lot of people saying wait till btc top tops then buy alts. historically that was incorrect, it was the drop at the launch pad of the final pump that you wanted to swap to alts. the major returns were found for those 3 weeks or so after that drop towards final top on btc.
- shit is gonna go down fast when it does so have a plan of some kind. if the bull is still here and this happens potential returns can be life changing with some alts. dont forget to pay yourself with something other than magic beans.
glhf
BTC Dominance - A Nasty Retest? A retest of this level, previously seen as a strong resistance, provides a nice support if BTCDOM were to turn in favor of altcoins
I have tried to demonstrate this with 1-2-3-4 pattern
BTCDOMINANCE is slowly turning around, very slowly
The above chart contradicts this chart, suggesting the recovery will occur sooner
$BTCDOM/USDT 3h (Binance Futures) Falling wedge break and retestBitcoin Dominance index seems to be reversing while Bitcoin is trying to make new All Time High.
Current Price= 1072.4
Buy Entry = 1066.0 - 1049.2
Take Profit= 1111.9 | 1170.6 | 1240.1
Stop Loss= 1012.2
Risk/Reward= 1:1.2 | 1:2.49 | 1:4.02
Expected Profit= +20.52% | +42.72% | +69.04%
Possible Loss= -17.16%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 4x
Estimated Gain-time= 3 weeks
Altcoins SEASON INCOMING 🚀🚀BTC Dominance is one of the major signs of ALT Season return or arrival.
The lower the Score on the BTC.D card, the better for rally of Altcoins . On the other hand the higher the Score , the bad for altcoins .
Technically, we are in a descending channel , setting up nicely along with it. See where I marked Flat Top sent it downwards previously, which is responsible for current Alts moves, but that's just tip of the iceberg.
It failed to make Higher High but did Lower High instead ( Red Flag )
At the moment, it is moving within GP ( golden pocket ), though it already punched through it once . If it cannot make it out of GP, that means drop is imminent
Various levels of Resistance on the chart where I expect near rejections . To take it down towards mid-channel, then bottom of channel.
With all these on the charts it is obvious ALT SEASON may just be around the corner . Where all tokens will go parabolic, even meme coins will follow. 🤑🤑
Keep watch and fingers crossed on this one.
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BTC DominanceDescent pull back with the dominance over the last few days with Bitcoin falling just short of 48% dominance.
Surprised to see ALT's hold there value on that last push which tells me the money isnt ready to flow yet or maybe its about position more money into a liquidity pool to shake them out.
Either way I see BTC making a big come back very shortly after this consolidation and seeing the sat price rip once again until we get over 50%
BTC DOMINANCE INDEX AREAS, S&R LEVELSBitcoin dominance is the measure of Bitcoin's market cap relative to the market cap of the rest of the crypto industry. When BTC Dominance increases, alts, on the whole, lose value against BTC. When BTC Dominance decreases, alts on the whole, gain value against BTC. Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets. It is just a measurement based on the circulating supply and current market price.
Binance BTC.D Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin. The BTC.D Index is a metric that traders can use to quickly get a sense of Bitcoin's value relative to that of the broader cryptocurrency market.
- Resistance & Supports Levels are given in this idea. (Short term)
Good Luck!
Trade Accordingly.
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Get ready for ALT SEASON 🛸🛸Hi guys
Given the growth we have seen in bitcoin, we see that altcoins have not grown much, and this is because bitcoin's dominance is increasing, which means that the money that enters the market is spent on purchases. They become bitcoins and not altcoins, but in the next few days we will see a drop in bitcoin dominance and a severe pumping of altcoins, be prepared.
USDT.D Chart update#USDT.D 4H Chart update
USDT.D has been moving in a downtrend on both HTF and LTF.
However, it currently broke out from the descending channel on LTF where it could be reaching 3.01% before moving down again. However, if it breaks through that level, we would be expecting a rejection from the 4h breaker else it would be breaking previous highs on HTF that could result in bullish moves which is not expected.
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Best Regards, Reda Souhail™
BTC.D currently at critical levelBitcoin Dominance has been consolidating around 0.5 fib. We are just about to test the trendline resistance. If the trendline is broken, we can see a 50% - 61.8% correction of the recent downward movement followed by downward trend continuation. Though there is also a possibility of retesting the previous support of galling wedge.
Depending upon how this plays out, I will be looking forward to pick some altcoins accordingly.
#BTC Dominance broke down, ALT SEASON Incoming?Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Do not forget to read the other analysis I've recently posted.
Links are given just below this update.
let's get to the chart.
the dominance followed my previous analysis perfectly and broke down below the triangle.
We can already see the effect in the market with all those green altcoins in both USDT and BTC Pairs!
however, it's important for us to analyze from every aspect of a chart.
We need the dominance to break and close below this 100D MA.
It's an important factor to trigger the Altseason.
keep an eye on it. After the possible breakdown, we will have a retest, that will be the right time to enter altcoins in BTC pairs especially in Red!
The breakdown target happens to be somewhere around 39.xx levels.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
$BTCDOM/USDT 2h (Binance Futures) Ascending triangle breakoutBitcoin Dominance just broke-out bullish and is likely to continue short-term after 50MA retest.
Current Price= 1080.1
Buy Entry = 1080.4 - 1072.5
Take Profit= 1104.2 | 1125.6 | 1156.7
Stop Loss= 1052.3
Risk/Reward= 1:1.15 | 1:2.04 | 1:3.33
Expected Profit= +20.64% | +36.56% | +59.68%
Possible Loss= -17.92%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 8x
Estimated Gain-time= 5 days
October 2020 Deja VuBitcoin’s price chart shows a fractal pattern that is similar to the price-performance in October 2020, just before BTC’s price began its run to a new all-time high. If a similar pattern plays out in the current market, Bitcoin’s price will see a continuation of the uptrend while alts suffer for at least 1 month.