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BTC (Y20.P3.E25).Micro Level.BTC dominance Hi All, Using the CPR tool, sometimes give you another perspective. We have the yellow area for strong support and the RED for monthly resistance while GREEN is monthly support > Note: BTC dominance is on the rise and the question is how much? The ALTS seems to have hit a major resistance level, meanwhile BTC is ralling up to another resistance level while the ALTs even dropped, which is an observation but doesn't make sense. Another piece of the puzzle, GOLD has made a key break and rallied strong today which could also contribute to BTC bullishness. **** A thought, if GOLD is doing strong and continues to go strong , which is likley, then why not BTC **** Below is a BTC Dominance chart with a bullish divergence playing out: Both indicators show its the case Chart below is ETH.BTC pairing. If ETH is to drop so much, this could either mean BTC is going to make a strong rally or ETH is about to dump. Cheers, S.Sari
Long
by ssari
BTC dominance (Y20.P3.E23).MACRO.Bearish trendHi, On the Daily and larger time frame, BTC dominance still has downward pressure, based on the Phoeix\RSI\WT indicators, as well as the structure that I have outline in this chart. There seems to be a bullish div. trying take place but its not that evident on the larger time frames (TF), only on the lower TF. Here is the 2 Day chart, Note RSI is very low and will have a bounce soon. 12 chart, looking for the WT to cross over to see if the bullish divergence kicks in. Note: WT is much more responsive than the MACD. How to trade this? Look for those ALTs that have great upward trend > safer trading method. Those who have just broken a major resistance or lead in trend line and retesting it. Don't be complacent with jumping in on many for I'm sure some of you, including me, are spread out on too many alts. Cheers, Please give me a like or tick for this post. Regards, S.Sari Here is the previous BTC dominance chart post.
CRYPTOCAP:BTC.D
by ssari
1
BTC dominance (Y20.P3.E19).More to the downsideHi All, As we have seen lately with the ALTs making moves, one should also be ready for opportunities when BTC has its turn. Looking in the long term, I see BTC dominance dropping however I don't envision it going in the straight line. So be cautious as to when you flip from Alts to BTC to Alts. At this point, I'm looking for a few daily candles to hold up BTC before a small bounce but its not there yet. Note: 73% dominance was the top. Cheers, S.Sari
CRYPTOCAP:BTC.D
by ssari
2
#BTC Dominance at decisive point. Will alt season continue?Guys first of all please hit that like button to support my work. It takes time keep you all updated with the market. Follow me for more future updates. Let's get back. to this quick update: BTC Dominance followed our previous charts correctly with a 100% accuracy, you can check it by. yourself (I'll post the links in this update). You can observe in the chart itself how the fractals have played out in the chart. Currently it is trading under a channel just like before. Not to ignore that that the current red channel is a rising wedge too which is bearish and we can also see a breakdown which will result in the continuation in this alt season. How do I know when to exit the altcoins if required? Well this is pretty simple if you can observe the chart. If this support holds within 16 june which means if any Daily candle closes in Green making a higher highs, we will exit alts (Not a financial advice). This will confirm the reversal in the trend. And If any daily candle close below the support line alts will continue to rally. I will be posting more updates on BTC altcoins stay tuned and please follow me for more future updates. Stay safe #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
24
#BTC Dominance needs to break this Level for Alt season!Hello everyone welcome to this new update. I would like to keep this update very simply and short. The level is 200D MA which is acting as a support now. On my last update I said Dominance could break below the 68 level and seems like it did but eventually holding the 67 level strongly. If it breaks we can see it reaching to the 65 level. Once we break this 67 level along with the 200D MA I am pretty sure we will reach our target and alts could perform well while btc goes for some retracements. Please hit the like button if you like this idea. Your views are welcome.
CRYPTOCAP:BTC.DShort
by Cryptorphic
BTC.D - continuation of the altseason!!!Good afternoon colleagues! I look forward to continuing the altseason and working out my goals with altcoins. The latest corrective movement in the market frightened many coin holders and forced them to sell. Therefore, it will now be easier to go up, as all who believe in the completion of growth will jump along the path so as not to lose profits. According to BTC dominance analytics, the range for altcoins growth is up to the lower border of the channel + - 57% depending on when it arrives. On the diary, the indicators are still overheated, so I do not exclude being in the flat for a while, which will allow them to unload. In general, we stock up on patience and look forward to growth. We will do our time! Thanks to all my subscribers and readers for your attention! 🙏 Success and profit! Do not leave, without like, and if you liked my analytics sign up, and you definitely will not miss anything! And if you want to learn to understand the market, make money without nerves, write me a PM!
CRYPTOCAP:BTC.D
by CryptoYanina
2