BTC POTENTIAL HEAD AND SHOULDERS. ALT SZN COMING SOONform that right shoulder and its an alt season the world has never seen. All alt coins will hit ATH in sats
Btcdom
BTC.D - Bitcoin Dominance returning to previous bottomBitcoin dominance is nearly at a free-fall. Meanwhile TOTAL 2 Marketcap (the total altcoin marketcap without btc) is at its previous all-time high. We may see a very nice rise in altcoins here for some time, especially should BTC Dominance confirm the expected head and shoulders pattern. I think this is likely having exited its channel strongly with a poor attempt at re-testing a re-entry near the bottom of that channel. Though a 2nd re-test is possible.
On the other hand, this may also mean we that are nearing the end of our bull run (within months).
Bitcoin Dominance and Altcoin Team Beta : ie. altseason or what?Bitcoin Dominance and Altcoin Team Beta : ie. altseason or what?
We gonna get this altseason or what? This weird ass fractal that I took from the very start of BTC/Altcoin's relationship. Stretched it and walla.
Would be great if this plays out. Also makes some sense I thought.
Go team Beta!
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
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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 🤞
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.
Bitcoin dominance ascending wedgeBearish ascending wedge on BTC.D. This formation may lead to fresh highs for alt coins. Also included a diagram of a bearish ascending wedge for anyone learning chart patterns.
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.
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.
Bitcoin Dominance Updateif we broke the 62 level than it is really good for alt coin ..
also you can see frustration in alt coin they made good bounce and ready to bounce higher
is alt season on horizon BTC.D just tested its trend line and now its likely to move downwards.
we might see a good alt season for next 2 to 3 months so HODL your favorite alts for next run.
but exit when dominance break 66 level and start short from there.
best of luck.
Which maximalist are you ?1 Orange coin vs Altseason
Today on coinguekcko
Coins: 6019
Exchanges: 408
Market Cap: $449,813,748,595
24h Vol: $79,452,890,716
Dominance:
BTC 64.5%
ETH 10.9%
USDT 3.78%
CoinmarketCap:
Coins: 7 597
Market: 32 255
MarketCap: €374 494 098 803
Vol 24h: €164 455 142 889
Dominance BTC: 64.3%
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
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.
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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.
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
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!
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Disclaimer!
I do not give entry and exit points.
I share with you my opinions and ideas, which may differ from yours.
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.
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
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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
BTC Dominance in downtrendBitcoin dominance has hit trendline resistance, which will decrease in the coming days, and as a result, the Altcoins will continue to grow again.
