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ETH.BTC vs BTC dominance TA. Backed by facts version2Hi All, This is a continuation of the previous post, so far accurately mapped. Link below We are now at a pivot point and it might give the ALTS a chance to rally however I am not confident how to play this because if BTC break this level of resistance, we will see volatility which will give BTC the advantage in the short term. So I see BTC domnance still go more higher and the chart shows that we have something of the nature of an inverse H and S structure. Looking at BTC, if its to pullback, I'm looking towards range of 23.5 K to 24.5K pullback somewhere in January. All the best, S.SAri BTC DOMINANCE: NOTE THE WICKS PREVIOUS POST
CRYPTOCAP:BTC.D
by ssari
5
BTC DOMINANCEBTC Dominance Weekly chart analysis Pure C&H pattern (rocket bullish pattern) Now btc dominance faces multiple resistances : c&h neckline resistance Horizontal resistance Trendline resistance 200 EMA dynamic resistance If btc managed to break this point Btc will rocket moon more than any one will expect Alts will bleeding more specially satoshi coins That's why in last days i share only tether coins signals I hope dominance not breakout up more In hope alts can have breath to grow 🚨 Please take care of your active trades And be ready for everything at this senstive area Good luck 🤞
CRYPTOCAP:BTC.DLong
by Babenski
7
IMPORTANT UPDATE on BTC.DThere are times you need to update your hypothesis and think about different scenarios , this is one of them. As previously mentioned, I was expecting BTC dominance to move in a downward megaphone, but it seems and feels like another potential scenario could be that BTC Dominance is targeting 76-77 rang at the top of an ascending wedge. This will also allow BTC dominance to close the gap at 74 Level. This might also point to a higher BTC price before alt season starts.
CRYPTOCAP:BTC.D
by Baris_Sozen
BTC dominance (Y20.P5.E3).MACRO. Upward pressureHi All, The timing is interesting about BTC dominance when its reaching the ATH for this year. The pressure is upwards and it can only be attributed to 2 things, a breakout of a new high or a strong rejection. I'm worried about the double top scenario however the macd and rsi gives the impression in the short time period, that there is more room to the upside. With the initial upwards trajectory of BTC dominance, I still see more sideway ranging at this level between support and resistance 12 HRLY chart, note the macd, to me, all seems strong to the upside My green box has a number of confluences of resistance so its hard to know. Lets hope it can hold this level for a day at least. All the best, S.SAri 2Day chart, note how each fib level played support.
CRYPTOCAP:BTC.D
by ssari
BTC dominance (Y20.P5.E2).Big move comingHi All, We are coming to an area with many reasons for a bounce, if not a reversal (not yet as downward pressure on the daily is still there). I see many posting that suggest that this formation is bearish, but I see it a big continuation pattern based on corrective waves. I have the ABCDE count and E being in the range between 0.382 to 0.618 fib level (orange box area). If it is to go below this, then I got my count incorrect. Here is the 2 scenarios: 1) Alts keep rising and hit their target, whereby BTC drops hard towards $14 to $16K. 2) Alts keep rising and hit their target, whereby BTC breaks the $18740 resistance and makes another big pump. The last time the ALTS hit their peak and target, BTC was in a ranging price where it eventually dropped nearly $2K, from $12.5K to $9800. My guess, the funds were taken away from BTC and into the ALTs. Which scenario would you favour based on what you see? If BTC remains above 18740 for over 4 to 8 hrs, then I would lean towards an upward break. A daily candle closing above this price will seal it I think. If BTC drops below 18250, it opens the door to the downward trajectory. I would be cautious at these times. NOTE: When bitcoin found its bottom and started moving up, LINK and many of the alts kept dropping. All the best, Regards, S.Sari Look at the daily MACD Left Link, Right BTC: NOTE: When bitcoin found its bottom and started moving up, LINK and many of the alts kept dropping.
CRYPTOCAP:BTC.D
by ssari
6
BTC dominance (Y20.P4.E6).MACRO.Resistance Reached?Hi All, It feels like the perfect storm is brewing for the ALTs and most likely the DeFi derivatives to take off soon. Looking at the chart and its indicators, is not the best to read with that big wick south. Having said that, here are my thoughts. a) BTC dominance has hit a key fib level which also happens to be the previous support along with confluence with the macro structure, top trend line; b) We have the indicators reaching their max on the daily and more charts and crossing over the signals, pointing down; c) We can observe on a number of ALTS, eg ADA and LINK that they are holding a key level or position with a bullish candle in the making. Refer to the 2 samples below; d) We also will likely have BTC finding resistance at this top level and likely to go sideways for some time, week or weeks before making the next move; BTC is still remaining bullish but it needs time to tell us if its going to cool down after a big move of lately (which I suspect); e) While BTC ranges sideways, its likely that the ALTs start making their move; f) Its probably likely that the ALTs start making new highs before BTC makes its next big move now; ADA chart LINK chart BTC - bearish divergence on the daily BTC dominance weekly chart, indicators pointing down Please give me a like or tick for this post. Regards, S.SAri
CRYPTOCAP:BTC.D
by ssari
7
Why is BTC dominance important and how it affects altcoins?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
CRYPTOCAP:BTC.D
by CryptoRush_
Possible bearish retest for BTC.D looking good for Altcoins?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
CRYPTOCAP:BTC.DShort
by CryptoRush_
2
BTC dominance (Y20.P4.E5).MACRO.Big move comingHi All, BTC dominance is coming to a level for a big move, likely this weekend. SImilarly the BTC price action is pending another big move. I believe the BTC dominance is going to break to the upside, based on the indicators, showing upward pressure but this doesn't help in terms knowing which way BTC price is going to move. But playing it safe, have more BTC in your wallet. What do you think, price is going up or down? The odd thing again is SP500 is going up. It too has hit a juncture to go up or down. Do you think its an inverse head and shoulders? The only strategy here is play it safe, have more BTC or USD\T. Lets see how the next few days go. It could be a good time to short BTC. Cheers, S.SAri
CRYPTOCAP:BTC.D
by ssari
2
BTC.D - dominance analytics. Ready for an uptrend?Greetings to all cryptomaniacs! Let's analyze the movement of BTC dominance and analyze further expectations from the cryptocurrency market! We saw a downward movement in the dominance of BTC with reaching the level of 57, 35, after which the dominance showed a local upward movement. What can be expected in the future? Now a pattern has been formed on the chart - an inverted "Head and Shoulders" and upon breakdown and consolidation above the level of 60, 31, the dominance will continue its upward movement to the levels of 61.66 and 63.07. It is necessary to observe how dominance will pass level 61, 66. Since this level coincides with the middle border of the channel, and also the moving average approaches it, which will act as additional resistance in the upward movement of dominance. What does this mean for the cryptocurrency market? An upward movement of dominance can mean the same as a downward movement in the cryptocurrency market: BTC and altcoins. The fall of altcoins is faster as a percentage of BTC. So dominance can grow. Or an upward movement in the cryptocurrency market. The upward movement of BTC in a certain period of time will be faster as a percentage of altcoins. Thus, the upward movement will show dominance. My expectations from the cryptocurrency market according to the BTC timeframe, which I will talk about in my next upward movement idea!!! All successful trades and investments! Thanks to all subscribers and readers for your attention! Subscribe to the channel and you will definitely not miss anything. Good luck and profit! Don't leave without alike, and if you liked my analytics, subscribe, and you definitely won't miss anything! Disclaimer! I do not give entry and exit points. I share with you my opinions and ideas, which may differ from yours.
CRYPTOCAP:BTC.D
by aiBAY
1
Altcoin season should restart soon if THIS pattern plays outThe current situation: 1. A head and shoulders pattern is apparent on the 12HR chart, while the price action is right underneath the 12HR 200MA. The neckline is at about 59.4% with a measured target of about 57.7% The bullish case for altcoin: if BTC.D gets rejected at the 12HR 200MA and breaks below the neckline. This will signal lower BTC.D and it will look good for most altcoins. The bearish case for altcoins: if BTC.D gets a SOLID close above the 200MA, which may a signal for lower price action for most altcoins. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
CRYPTOCAP:BTC.DShort
by CryptoRush_
1
BTC dominance (Y20.P4.E4).MACRO.Bearish trend to continueHi All, Looking at the daily, it seems the strong resistance (red line) is causing a hidden bearish divergence and hence forcing BTC dominance to decline. It seems its in sync as the ALTs as many seem to have hit a bottom reversal pattern and as today, the Alts are on the rise. Note how the EMA's acting as resistance layer. This gives good weight to thinking BTC going slowly into a squeezing pattern before it breaks to the upside. Holding this level just under resistance. Looking at the BTC chart below: > Since price is not dropping below 10700 and its now past that wedge like pattern, I'm ruling this bearish tone out. > The PHOEIX, both Red and Green RSI have pasted the 50% level, indicating upward pressure. > Hence I am thinking that I was wrong at looking to buy at a potential drop to the 10200 level, and also now thinking the 9200 to 9800 is a no go and even the 10300 is unlikely at this point. So no CME gap fill in the coming week\s at this point. Bigger picture. Please give me a like or tick for this post, Regards, S.SAri. (ref. D.charts) Since price is not dropping below 10700 and its now past that wedge like pattern, I'm ruling this bearish tone out. The PHOEIX, both Red and Green RSI have pasted the 50% level, indicating upward pressure. PREVIOUS POST BTC dominance chart ================================================================
CRYPTOCAP:BTC.DLong
by ssari
5
BTC dominance (Y20.P4.E4).Upward pressure*** A continuation of the previous BTC dominance chart, link provided below *** The formation and the indicators show upward pressure on the daily. Its my opinion in conjunction with what BTC is doing, that we will likely have BTC drop towards 10200 again and further more towards 9200 to 9500 to complete the ABC correction wave. I find it highly likely at this stage. Its also observable that a few of my posts on ALT coins, I have them going lower at the macro level and we can see weakness in the market, more so with the SP500. Gold and Silver also not looking great. What do you think? Please give me a like or tick for this post. Regards, S.SAri BTC chart, note the fractural with the 12400 top and this micro structure. DXY, US Dollar index also looking more of a reversal especially with the bullish div on the daily + more SP500 chart, looking like general stock markets are doing the correction, lets hope its not a deep correction. PREVIOUS BTC DOM chart
CRYPTOCAP:BTC.D
by ssari
8
BTC dominance (Y20.P4.E3).Double bottom.Bullish divHi, For the short term, get ready for another bounce of BTC dom. and hence flipping from ALTs to BTC. NOTE: I'm thinking of doing a video post on this showing historical data to support this strategy, its very useful. As for the chart, we see the regular bullish potential to play out again based on the double bottom and having the RSI giving divergence as per past action. Hence looking for these 2 indicators to cross over (whereas the MACD is delayed some more). As a reminder, BTC dominance usually goes up in 2 scenarios, a significant drop in price or a spike in price. Seeing a potential BTC dominance bounce I'm more inclined here to be biased towards BTC price going up to 10700 to 10800 resistance range. Cheers, S.SAri. Bigger picture, wedge formation PREVIOUS POST/S
CRYPTOCAP:BTC.D
by ssari
11
BTC dominance (Y20.P4.E2).MACRO.BTC bearish div.Hi All, It just goes to show you having a sizable BTC component of your wallet is important especially in the panic dump. We had a bullish divergence coming to a key fib level. So we had the warning for a number of days that a big move was coming... I was leaning more the bullish div. playing out with BTC breaking the 12k, but not so. If you look at BTC in the lower time frames, there was a bearish divergence starting as it got to 12k and kept dropping. The volume also gave the clue, but I didn''t pay much attention to it. However I played it safe and moved a large % of my holdings to BTC from the alts as a safety measure....but I wished I did all of them now. I did not expect this much of a dumb, especially ETH. We can only learn from this and hopefully prepare for it next time round. Many of my stops were triggered and its like all the past weeks effort of accumulation is massively reduced because BTC dropped in value. Gaining more BTC is not good if BTC drops like this. I'm thinking the 12 K was it for this impulse and the correction that is due /many expect might be from this as a trigger. I will have to see what SP500 and Gold is doing next. For the record, BTC had a bearish div also SP500 didn't drop but has this large bearish div. hanging over it as well. GOLD is doing ok also with a bearish div. above it What do you think? Cheers, S.Sari PREVIOUS POST
CRYPTOCAP:BTC.DLong
by ssari
1
BTC dominance (Y20.P4.E01.v2).Micro.Bullish DivHi All, Many of the ALTs are dropping because we have a bullish div. playing out as per the chart. Its a bit puzzling as to why they nearly all do it but here are my thoughts. > 1) BTC decent from 11400 to 11300 range makes the ALTs decend more rapidly as BTC is king; > 2) The ALTS like LINK, KAVA, ADA, etc and many more have not completed their ABC correction; > 3) We have a key level of resistance level on the chart, which could mean that 11200 is a strong support; Either way, there is not much you can do at this point, if you haven't planned your strategy out. Where from here? That is the question. Cheers, S.Sari
CRYPTOCAP:BTC.DLong
by ssari
5