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Btcdominance

Creating a platform for an uptrend turnaround on the 1M chartHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D 1W chart) (USDT.D 1D chart) USDT is trending higher, while USDC is trending lower. When USDT rises, the coin market is likely to rise. However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline. BTC dominance is expected to continue to rise. Therefore, when BTC dominance rises to around 50.49, you should check the position of BTC. Currently, it is showing resistance around 47.64-48.80. The reason why BTC dominance should rise could be the BTC halving next year. Also, this is because the rise in BTC dominance will be an opportunity to revitalize the coin market. The rise in BTC dominance can only tell you the degree to which funds are concentrated towards BTC or altcoins, but cannot be used to predict price movements. Therefore, to see the price volatility of the coin market, you need to check the USDT dominance. It can be interpreted that a drop in USDT dominance is highly likely to lead to an increase in the coin market. The volatility period runs through March 31st. --------------------------------------- (BTCUSDT chart) (1M chart) We need to see if we can move above 28923.63 and keep the price above the MS-Signal indicator. Keeping the price above the MS-Signal indicator is important because from a trend perspective, it is expected to continue the uptrend. What is important to look at on the 1M chart is when the HA-High indicator will decline. To do so, the RSI indicator (Closing price of Heikin Ashi) must enter the overbought zone. Due to the rise in March, we need to see what happens to the value of the RSI indicator in April. The current position of the HA-High indicator is 43823.59. Therefore, it may rise as it is and rise to around 43823.59, but since I think that is unlikely, the HA-High indicator is expected to show a decline. When the price rises above the HA-High indicator on the 1M chart and maintains the price, it is expected that the full-fledged upward trend for next year's upward growth will begin. In this full-fledged uptrend, it is expected that altcoins will gradually fail to follow the rise of BTC and either sideways or decline. Therefore, you should pay attention to the change in slope. This move is likely to continue around 43K, so you should take advantage of it when trading altcoins. (1W chart) You need to check the shape of the candle. The current shape of the candle is the shape of a doji candle. Accordingly, it becomes important whether it is supported around 26574.53. If it falls below 26574.53, there is a possibility of falling to the vicinity of the HA-High indicator. (1D chart) If it finds support around 27662.82, it is likely to continue its uptrend. So, the question is whether it can hold the price above 27662.82 and rise above 28923.63. If not, You need to make sure it is supported around 26574.53 (26013.28-27079.41). Section 28923.63-30105.25 corresponds to Section C. If it rises to this section C, it can be interpreted that it is completely out of the bottom section. However, it is necessary to confirm whether the price will be maintained above section C. If you ascend to section C, you can see that the bottom section was made over a period of about a year. If you fail to ascend, there is a possibility of falling to the vicinity of section B, so you should think about countermeasures against this. ------------------------------------------ (BTCKRW chart) The question is whether the price can sustain its rise above 37585000. If not, you need to check if the price stays around 36412000. if it goes down, 1st: 35539000 2nd : 31024000-32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next volatility period has been moved to around April 2nd. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
BTC Dominance ready for a strong bounceBTC Dominance is currently sitting on the strong support and seems to be ready for a strong bounce. RSI currently oversold on daily timeframe. It would make a lot of sense as we still expect alts to drop 50 % which most likely will happen if BTC dominance bounce from this key support. From another hand, if BTC.D breaks down, we may see an alt season and some really nice gain. However, this scenario in our opinion is less likely . We also expect that ETH merge will be a sell event which may trigger the drop in value for other alts too. Be ready for a bloodbath. If BTC.D bounces from the key support , we expect it to reach the upper boundary of the range and BTC.D would be at approx. 48 %
CRYPTOCAP:BTC.DLong
by vf_investment
March's last period of volatility has begunHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D chart) (USDT.D chart) In order for the coin market to maintain an upward trend, USDT dominance must decline. A rise in BTC dominance is likely to lead to a fall in altcoins as funds are concentrated towards BTC. Therefore, an increase in BTC dominance and USDT dominance may result in a decline in the entire coin market. In particular, if BTC dominance maintains an upward trend, altcoins are likely to gradually move sideways or show a downward trend, so countermeasures are needed. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. --------------------------------------- (BTCUSDTPERP chart) (1D chart) You need to make sure you can get support around 27102.7 and rise above 27656.1. If the price holds above 27656.1, we expect a rise above 28951.7. If not, 1st: 25882.9 2nd: 24294.1 3rd: 22421.2 You need to make sure it is supported in the vicinity of the 1st-3rd order. The third period of volatility is March 28-31. In this volatility period, we need to see if there is a movement out of the 25882.9-28951.7 area. If not, you should check whether it is supported or resisted around 27656.1. If resistance is seen around 27656.1, it is likely that it will eventually decline. I think the 32275.6-37243.4 section is the last gateway to a full-fledged uptrend. Therefore, if it does not rise to this range and falls below 28951.7, it is highly likely that it will turn into a downtrend, so it is necessary to think about countermeasures. I think BTC below 29K is a buying section for next year's bull market. Therefore, I think you should focus on BTC or ETH and how to proceed with the purchase. When an altcoin is below BTC 29K, it is recommended to finish the 1st purchase. (1h chart) The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. - 'LONG' position that requires quick response entered near 'L2', 27656.1 (marked in red letters) 1st: Around 27102.7 2nd : 28951.7-30000.5 Trade close: around 32275.6 - Possible to enter 'SHORT' position, which requires quick response when falling after receiving resistance around 'S2', 26907.0-27102.7 1st: Around 25882.9 End of transaction: Around 24294.1 However, if you touch M-Signal, it is recommended to sell some or close the transaction to confirm profits. The trading strategy for entering a full-fledged position will be explained again when you touch the M-Signal indicator on the 1D chart. What is shown in the current chart is the previous one, and it is displayed for those who are holding existing positions. ------------------------------------------- (BTCKRW chart) The question is whether the price can sustain its rise above 37585000. If not, you need to check if the price stays around 36412000. if it goes down, 1st: 35539000 2nd: 31024000-32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next volatility period has been moved to around April 2nd. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
Bitcoin Dominance and ATH datesIt is worth noting the action of BTC.D at the times leading up to Bitcoin ATH. It is NOT as one would expect, where the Dominance would be Topping out as an ATH is reached. It is the opposite. The PA of BTC.D Drops sharply And as more "Alts" coins come into the space, the dominance of Bitcoin WILL drop, as can be seen on the chart also. The Green box Bitcoin has been in for a long time now, is the result of 1000's of Alts coming in and taking their share of the market. This is not a bad thing but people may need to realise whast really going on. And as we stand now, BTC, fter weeks of being a front Runner, is nearing the ceiling of that Green Box and likely to meet strong resistance. IF PA breaks out, then we are on a Roll and grabbingh bitcoin would be a very good thing, mostly once PA comes back to retest the old line as support. But this al depends on it breaking out. Bitcoin itself is reaching overbought and is increasingly likely to pull back for a bit, which would be a Good thing....However, this is Bitcoin.....Could do anything.
CRYPTOCAP:BTC.D
by Orriginal
Third period of volatility: March 29-31Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D 1W chart) (USDT.D 1D chart) While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down. When USDT rises, the coin market is likely to rise. However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. --------------------------------------- (BTCUSDT chart) ---------------------------------------- (BTCUSDT 1W chart) The question is whether the price can stay above the M-Signal on the 1M chart and rise to around 32259.90. If not, you should check if it is supported near the HA-High indicator. (1D chart) The key is whether it can get support around 27662.82 and rise above 28923.63. If not, you should check if it is supported around 26013.28-26574.53. If it falls below 26013.28, there is a possibility that it will fall to around 23141.57, so a countermeasure is needed. The important interval for the long-term trend is the 32259.90-37253.81 area. If the price continues to rise above this range, a full-fledged uptrend is expected to begin. This full-blown uptrend is expected to set the uptrend for next year's bull market. However, if it rises above 32259.90 and fails to maintain the price and falls below 28923.63, it is highly likely to create a downtrend again, so you need to think about countermeasures. Therefore, the 28923.63 point in the long-term trend is an important point. The third volatility period was moved around March 30 (March 29-31) due to price volatility. The next period of volatility on this chart, i.e. the BTCUSDT chart, is around April 7th. When BTC is positioned below 29K (28923.63), you should focus on buying BTC or ETH. It is recommended to proceed with the first purchase of altcoins that will be held until next year's bull market. The reason for this is that when BTC continues its full-fledged uptrend, altcoins are likely to move sideways or show a downtrend. Therefore, when BTC is below 29K, it is a good idea to end most of your BTC or ETH purchases. However, as the current price has risen to around 29K, you need to be cautious about buying. This is because around 29K can act as a resistor. ------------------------------------------ (BTCKRW chart) The question is whether the price can sustain its rise above 37585000. If not, you need to check if the price stays around 36412000. if it goes down, 1st: 35539000 2nd: 31024000-32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next volatility period has been moved to around April 2nd. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
4
BTC Dominance, Altcoin party is coming or not?. BTC.DHello guys, Consider Bitcoin market cap to help identify market movement and the Altcoin season. You can monitor these two points which will cause the market to turn towards altcoins as dominance declines. Good luck. If its useful please like it as a support and follow me for next analysis :) . Salam doostan aziz, chart arzesh bazar bitcoin hast ke be zire moghavemat khod reside. in chart ro baraye tashkhise harkat bazar va alt season dar nazar begirid. ba nozooli va renj moondan in ravand, baese enteghal poole be altcoin ha mishe va roshd haye ziyad. moafagh bashid. like va follow faramoosh nashe :)
CRYPTOCAP:BTC.DShort
by ArashBanakar
1
BTC.D - Altcoin Season Getting Closer ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 BTC.D has been stuck inside a weekly range for for almost two years. After rejecting the lower bound of the range, BTC.D has been overall bullish trading inside the rising broadening wedge pattern in green. 📉 However, BTC.D is currently approaching the upper bound of the range, and upper green trendline acting as a non-horizontal resistance. That's why we are speculating Altcoins to gain strength after a couple of days / weeks. For now, as long as BTC.D is trading higher , BTC would be dominant and outperforming almost all altcoins. What do you think? Will BTC.D reject the red resistance or break it upward? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
CRYPTOCAP:BTC.D
by TheSignalyst
12
The second period of volatility is underway...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D chart) (USDT.D chart) Same as before. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. A second period of volatility (up to March 19-25) is currently underway. --------------------------------------- (BTCUSDTPERP chart) (1D chart) It is showing support and rising around 27102.7. We need to see if it can rise above 28951.7 during this volatility period. If not, we need to see if there is a drop around 25882.9. If it rises above the 32275.6-37243.4 section, it is likely to show a full-fledged uptrend. Therefore, the 32275.6-37243.4 zone is an important support and resistance zone. The S/L point of this important section is the 28951.7 point. Therefore, if it rises above 32275.6 and then declines, it is expected that it will continue its upward trend only after receiving support around 28951.7 and rising. If it holds the price above 28951.7, I would expect it to lead to an attempt to rise above 32275.6. We are currently entering the second period of volatility. Therefore, it is necessary to keep a close eye on the movement of the BTCUSDTPERP chart up to around March 24th (March 23-25). (1h chart) The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. - 'LONG' position that requires quick response entered near 'L2', 27293.3 (marked in red letters) (The price has gone up and the HA-High indicator on the 1D chart is about to be created.) 1st: Around 27102.7 2nd : 28951.7-30000.5 Trade close: around 32275.6 However, if you touch 5EMA on the 1D chart, it is recommended to sell some or close the trade to preserve profits. The trading strategy for entering a full-fledged position will be explained again when you touch the M-Signal indicator on the 1D chart. What is shown in the current chart is the previous one, and it is displayed for those who are holding existing positions. ------------------------------------------- (BTCKRW chart) We need to see if we can find support at 35539000 and hold the price above 37585000. The HA-High indicator on the 1D chart is rising and is about to be created at the 36412000 point. So, if the price stays above 36412000, it is expected to continue its upward trend. if it goes down, 1st: 31024000-32042000 2nd: 28950000-29639000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next period of volatility is around March 29th. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
5
Do not create trading strategies during periods of volatilityHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D 1W chart) (USDT.D 1D chart) While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down. When USDT rises, the coin market is likely to rise. However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline. In order for the coin market to rise as a whole, a decline in USDT dominance must be made by default. When USDT dominance is in a downtrend, 1. Rise of BTC dominance: BTC leads the market, leading to the rise of the coin market. However, if BTC dominance continues to rise, altcoins will gradually start to move sideways or decline. 2. BTC dominance decline: Altcoins lead the market, leading to the rise of the coin market. However, if BTC dominance continues to decline, the volatility of BTC will increase, causing frequent whipsaws, which may limit the rise of the coin market. If USDT dominance maintains an upward trend, the coin market is likely to show a downward trend regardless of the movement of BTC dominance. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. A second period of volatility (up to March 19-25) is currently underway. --------------------------------------- (BTCUSDT chart) ---------------------------------------- (BTCUSDT 1W chart) The key is whether the price can be maintained above the M-Signal on the 1M chart. If not, you should check if it is supported near the HA-High indicator. (1D chart) Looking at the screenshot above, the 'Strength' indicators on the left and right are different. Therefore, the trend is expected to be determined by whether there is support or resistance in the current zone, i.e. around 26560.0. What you need to check as an auxiliary indicator is good to use to determine how important the current trend or support and resistance points are. Creating a trading strategy with technical indicators is risky and should be done with caution. Therefore, the key is whether you can climb with support in the 26013.28-27079.41 section. If it falls below 26013.28, 1st: 24376.02 2nd: 22426.60 You need to make sure that it is supported in the vicinity of the 1st and 2nd order. The trend on the 1D and 1W charts remains in an uptrend. However, the 1M chart cannot be considered to be maintaining an upward trend yet. Therefore, shake it up and down to make the HA-High indicator on the 1M chart fall or rise to the point where the HA-High indicator is currently located. However, since the current HA-High indicator point is located at 43823.59, I think it is more likely to cause the HA-High indicator to fall by shaking it up and down. I think the point where we expect to see a full-fledged uptrend is when it rises above 29K and maintains the price. Therefore, the closer you get to 29K, the more you feel that if you don't buy right now, you won't be able to buy it again. This is a natural instinct and is likely a high signal. So, what makes you overcome this is your trading strategy. If you do not plan in advance how you will trade, be careful because you will buy when the price rises and that buying point can become a peak. The basic buying method to overcome this is (based on 1D chart) 1. Buy when the bearish candlestick is about to close when it is above the MS-Signal indicator. 2. Buy when the bullish candlestick is about to close when it is below the MS-Signal indicator. You can purchase using methods 1 and 2 above. However, all transactions must be conducted in split transactions. This is because the above method is a way to buy regardless of support and resistance points or trends on the chart. ------------------------------------------ (BTCKRW 1D chart) The movements of the 'Strengh' indicator on the left and right charts are different. Therefore, it can be seen that it is important whether it is supported or resisted at the 35539000 point. if it goes down, 1st: 31024000-32042000 2nd: 28950000-29639000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next period of volatility is around March 29th. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
9
BTCUSDT needs correctionIts been 8 day of the range of BTC. I like that 100 ema and 200 ema finally crossed on D TF. Usually its a good bullish sign. Now, lets hope that the price will not go below 200 ema. RSI already crossed and shows us that BTC may go to correction, how deep it will go i dont know. So far if you want to long BTC , only when it will break 28900 short if it goes below 26600 So far you can focus on ALTS , some of them may pump and some go to good correction since BTC.D and BTC are not active right now
by vazitrades
Second period of volatility : March 19-25Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D chart) (USDT.D chart) If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend. However, if the downtrend line is maintained on the USDC chart, the rise may be limited. Also, at some point, there is a possibility that it will lead to a sharp decline, so it is necessary to check whether USDC turns into an upward trend. It rose above 46.76 on the BTC.D chart. Therefore, if the upward trend is maintained, there is a possibility that altcoins may gradually move sideways or show a downward trend, so we need to think about countermeasures. We believe this move is likely to continue until BTC reaches around 45K. We need to see if it can fall to around 6.21 on the USDT.D chart. This is because the decline in USDT dominance is likely to lead to an uptrend in the coin market. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. A second period of volatility began around March 20-24 (up to March 19-25). You need to check what kind of movement will come out. --------------------------------------- The HA-High indicators on the 1D and 1W charts fell and rose above that, continuing the mid- to long-term upward trend from a trading perspective. Now, all that remains is to make the HA-High indicator on the 1M chart decline as a move to continue the long-term uptrend. We need to see where this month's candle closes and if the value of the RSI indicator (using Heikin Ashi's Close) will enter the overbought zone. This is because if the RSI indicator enters the overbought zone and then moves out of the overbought zone, there is a high possibility that the HA-High indicator on the 1M chart will fall. It is unlikely, but it may rise as it is and rise to 43K, where the HA-High indicator is currently located. ---------------------------- (BTCUSDTPERP 1D Chart) If it rises above the 32275.6-37243.4 section, it is likely to show a full-fledged uptrend. Therefore, the 32275.6-37243.4 zone is an important support and resistance zone. The S/L point of this important section is the 28951.7 point. Therefore, if it rises above 32275.6 and then declines, it is expected to continue its upward trend only after receiving support around 28951.7 and rising. If it holds the price above 28951.7, I would expect it to lead to an attempt to rise above 32275.6. We are currently entering the second period of volatility. Therefore, it is necessary to keep a close eye on the movement of the BTCUSDTPERP chart up to around March 24th (March 23-25). If you fail to rise and fall, 1st: Around 24294.1 2nd: Around 22421.2 You need to make sure that it is supported in the vicinity of the 1st and 2nd order. However, it is necessary to touch the vicinity of the rising trend line (3) and check whether it rises along the rising trend line. If it goes down further after that, 1st: 21826.1-21558.1 2nd : 19411.7-20122.5 3rd: Around 17864.7 You need to make sure it is supported in the vicinity of the 1st-3rd order. (1h chart) The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. - Full-fledged 'LONG' position entered near 'L1' Entry point: When support is confirmed near 'L1', 25882.9 1st: Around 27102.7 2nd : 28951.7-30000.5 Trade close: around 32275.6 However, if it falls below the 1st point and touches the HA-High indicator or touches the 5EMA on the 1D chart, it is recommended to sell some or close the trade to preserve profits. If you touch the 2nd point, you can end the transaction when you want. ------------------------------------------- (BTCKRW chart) You need to climb to the 37585000-40674000 section and see if you can get support. If not, 1st: around 35539000 2nd: around 32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd order. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
📈 Bitcoin Dominance (Update by request)This is a reply I gave to @cryptoninja1998 in a comment, his question was the following: " What are your thoughts on BTC dominance and the possibility of it turning back down (rejecting off 50% level), thus giving a push to the altcoins? " First, I wouldn't focus too much on the BTC Dominance chart to look for a certain type of action on the "Altcoins" side. The Altcoins is a set of Cryptocurrencies that ranges in the tens of thousands, and the "Altcoins" can grow in one way or the other while BTC Dominance does whatever it does. The Altcoins are set to grow based on the normal market behavior, that is, if Bitcoin is really strong, everything stops and Bitcoin moves forward. When Bitcoin takes a break the Altcoins move forward. The Altcoins vs Tether pairs tend to move together with Bitcoin in groups with a slight delay. Maybe the big ones move together with Bitcoin now while the others either consolidate or go into correction mode. In another occasion the mid-sized ones move with Bitcoin and in yet another occasion the smaller ones. Money enters the market through Bitcoin and from Bitcoin it flows to the Altcoins. Since the market cycle is always changing/evolving to the next phase, the next time Bitcoin goes up, how it affects the Altcoins is not the same as when it happened in January this year or for example, it is also difference then when it happened back in July/August 2022. This time when Bitcoin takes its break the Altcoins can grow really strong and recover weeks and sometimes months of correction in just a few days. Those consolidating move ahead. I would focus on each chart individually and just use the relation between the indexes and my desired pairs for the overall market view but not to know when to expect a certain move. The truth is that they are just too many Altcoins to speak in general at this point. The way that BTC.D affects Cardano, Floki, Namecoin, DigiByte, Monero, Stellar or Contentos is so different that we have to look at each one of these apart. Let me know if that answers your question. Namaste.
CRYPTOCAP:BTC.DLong
by AlanSantana
3
Will BTC reach 30K+ or it will dump? BTCUSDT updateHi dear community my loyal followers, I hope you are fine. Let me update BTC current situation and my expectation. This week BTC pumped from 19.5K and broke not only 24K but also 25.2K and reached 27.8K. If you remember I warned you about BTC recent dump from 25K to 19K+-. At the moment, you can see on the chart that BTC has created Bullish megaphone chart pattern/Inverted symmetrical triangle/ and tested its upper line where there is significant, one of the strongest resistance/.. There are BB, FVG zone, 0.38 fib level, 21 monthly EMA, diagonal resistance+ horizontal resistance/ etc. Look at bellow attached charts also to understand what I mean. I expect BTC to break 1h bull flag reaching 28.6K/attached bellow/ , which will be fake breakout of bullish megaphone chart pattern / a lot people will open long positions, at the same time BTC sweeps liquidity above 27.8K then we' will see strong rejection and correction starts. When BTC reaches 28.6K , BTCD will be at 48-48.5K at main resistance/attached bellow/, where it will drop and during this BTC correction , we'll see mini altseason. Pay attention that volume is decreasing while price is rising/bearish divergence/ also there is bearish divergence at daily OBV which doesn't support this pump)). I expect BTC to drop 22.6-22.8K where there is OB+FVG + 0.618 Fib zone, if BTC can't hold the mentioned zone it will dump to 20.5K. During this drop price will react at 25.2K small bounce, then drops to 0.5fib level/23.6K/ again bounce/this level could hold as well/ and drops to 22.6-22.8K taking out IDM/sweep liquidity/ Also keep your eyes at 23.6K 0.5 fib level, which is mid range of megaphone chart pattern. there is chance it can hold as well, but more likely 22.6-22.8K will be reached. After the mentioned scenario we'll see new highs, at the moment I can't tell you 22.6-22.8K will hold or not, we'll see BTC reaction at that point. Please don't forget to like, follow and share my ideas. I will appreciate any kinds of support.
BITSTAMP:BTCUSDShort
by ergal91
4
A period of volatility beginsHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D 1W chart) (USDT.D 1D chart) While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down. It is unknown if funds are moving from USDC to USDT due to the issue with USDC, but the rising trend of USDT is expected to drive the coin market upwards. However, the continued decline of USDC may limit the rise of the coin market or cause a sharp decline. We need to check if it stays above 45.68 on the BTC.D chart. If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year. If BTC dominance stays above 45.68, most altcoins are likely to move sideways or show a bearish trend, so we need to think about countermeasures. We believe this move is likely to continue until BTC reaches around 45K. The question is whether the USDT.D chart can start a decline below 6.21. Otherwise, if it rises above 7.27, the coin market is expected to decline again. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. Thus, the period of volatility around March 16th is over. We need to see how it will affect the next volatility period around March 20-24 (up to March 19-25). --------------------------------------- ---------------------------------------- (BTCUSDT 1W chart) The key is whether the price can be maintained above the M-Signal on the 1M chart. If not, you should check if it is supported near the HA-High indicator. This is because if the price is maintained above the HA-High indicator, it is highly likely to continue the mid- to long-term upward trend. If it declines, it is likely to fall to the vicinity of the HA-Low indicator paired with the HA-High indicator. However, you need to make sure it is supported around 20862.47 which is the support and resistance point. (1D chart) Supported around 24376.02, 1st : More than M-Signal of 1M chart 2nd: 28923.63 or higher You need to make sure that the price can be maintained by rising 1st, 2nd or more times. If it falls below 22487.41, 1st: 21023.14-21853.06 2nd : 19176.93-20050.02 3rd: 17880.71 (up to 16.7K) It is necessary to check whether it is supported in the 1st to 3rd sections. The key is whether it can be supported above the M-Signal indicator on the 1M chart, around 26013.28-26560.0, and rise above 28923.63. If it rises above the 32259.90-37253.81 section, it is likely to show a full-fledged uptrend. Therefore, the 32259.90-37253.81 area is a very important support and resistance area. Therefore, if it falls after rising above 32259.90, I think it is highly likely to continue the uptrend if it is supported around 28923.63. If it fails to gain support around 28923.63, there is a possibility of a sharp decline, so a countermeasure is needed. Therefore, it is expected that a lot of money will be needed to rise above 28923.63. In line with this, USDT is showing an upward trend by creating a gap. In that sense, I think that being supported around 26013.28-26560.0 has an important meaning. Therefore, if it receives support around 26013.28-26560.0 or if the HA-High indicator moves and shows support, it is expected to rise around 28923.63. A period of volatility begins around March 20 (March 19-21). Therefore, during a period of volatility, it is better to check the target point or stop loss point you set once more while watching the situation with a margin rather than hastily trading. ------------------------------------------ (BTCKRW chart) It is necessary to confirm that it can be supported and ascended around 34820000-35539000. If not, 1st: 31024000-32042000 2nd: 28950000-29639000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next period of volatility is around March 29th. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
BTC Dominance !Hello everyone, I invite you to review the situation of BTC dominance in relation to the entire market. And here we can mark with the blue lines the sideways trend channel in which we are approaching the upper limit. At this point, it is worth looking at the CHOP index, which indicates that the energy has been used. However, when we look at the RSI indicator, we can see that we have strongly exceeded the upper limits of the range. Looking at these two values, we can expect a rebound and capital transfer to other altcoins. Now we can move on to marking the places of support in the event of a correction. And here in the first place we have support at 45.5%, then support is at 44.3%, 43.2% and then 42%. Looking the other way, we will also denote the resistance for BTC dominance and here we see that significant resistance is at 48.4% at the upper border of the channel, however when we go higher we can see a rapid increase to around 54.4%.
CRYPTOCAP:BTC.D
by cryptodailyuk