BTC.D , Classic Analyze , D1Hello everybody, I think after a break out we can choose the best, so before a break out it's better if we just keep watching that
Alt season or bit season ? that's the point !!!
Btcdom
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.
Click Follow 🚶 for daily analysis.
Click Like 👍 if you like this idea
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.
If you like my idea, please support:
Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
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.
BTC.D Approaching Key LevelsBitcoin Dominance approaching key resistance area, let's see the reaction and I am hoping it to get rejected on this area and ALT might get some bounce!
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.
--------------------------------------------
Best Regards, Reda Souhail™
Bitcoin Dominance about to get sent.Take care if you trade BTC pairs, this seems like a double bottom just like 2018.
Bitcoin Dominance Daily CandleBTC.D broke the bearish trend line.
While the market corrects, we can expect BTC.D to rebound.
The expected reversal price is the FIB 0.5 interval, the 44% - 45%.
BTC.D is on an uptrend, so beware of altcoin trading.
Alts getting Ready for a 4 Month HibernationSimilar Pattern Forming with Bitcoin Dominance like it did in 2018.
This makes sense as September is normally a bearish month in the Stock Market, so I expect speculative assets to decline, with most people translating their alt gains to Bitcoin.
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.
szp to moon use fib as stoploss . buy more from the support red support zone . if it pass the yellow resistance zone . then change the stoploss to that yellow box .
Bitcoin Dominance - Daily Chart Update: Rising Wedge Breakdown Everything on the chart, see previous related longer-term ideas linked below
#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.
BTCDOM Similar RecoveriesI believe we will see similar recovery patterns comparable to 2018 peak altszn
Price in red circles shows Fib circle strength (price tends to move along the circle)
Gear up for another Altszn at 50%BTC.D has performed its first bounce off the 2.618 Fibonacci line
This bounce will likely continue to around ~50 - ~53%
Then we prepare for another altseason as it hits a major trendline and gets rejected
Repeating double bottom pattern
$BTCDOM/USDT 30m (Binance Futures) Ascending channel breakdown#BitcoinDominance broke-down locally and is likely to retrace in the coming days.
50MA seems to be acting as resistance now, that would be a good thing for altcoins relief!
Current Price= 1113.8
Sell Entry = 1116.2 - 1128.8
Take Profit= 1073.0 | 1025.2 | 992.5
Stop Loss= 1162.2
Risk/Reward= 1:1.25 | 1:2.45 | 1:3.27
Expected Profit= +17.64% | +34.68% | +46.32%
Possible Loss= -14.16%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 5 days
Bitcoin Dominance Update - BTC.D Projections & Possible PathsWe've moved back up to the red box as expected. I still believe we'll see more correction up, either towards the top of the red box, or possibly even a re-test of the neckline. More likely the former.
Projections & potential paths towards them on the chart.
Previous BTC.D predictions from the same chart and other related ideas linked below.
BTCDOM - OverlookMany people have gained lots of profits but trading this but since you can see how this market is falling apart, I'd suggest not to play with this at least for today!
There's really not much to say for now, we should just wait and see what will happen!
#BITCOIN #DOMINACE I THINK IS DONE FOR ... I PREDICTED LOW 40's back in the 60's !!!!
thats enough falling off the cliff for now
a rotation back into BTC as profit-taking makes sense
for a couple of weeks.
BTC DOM (UPDATE) - Alt Season Is Officially Here The last major support is broken and BTC dominance is tanking at rates not seen since last bull run - highly unlikely we will go down all the way in a straight line so expect some sort of bounce, as to where that will be is hard to tell as there is basically 0 support until 35% so it will rely entirely on the natural market movements.
Getting to the lower part of the channel its been respecting for a couple of months - if we see a break it will only drop at a faster rate.
SEE PREVIOUS BTC DOM POSTS
