BTC.D#BTC is the most dominant coin in the market and see when its dominance drops how beautifully #ALTS go bullish. According to our analysis it has to drop from 57.23% but BTC.D is making wick and giving ALTS good chance to jump of their resistances and give easy gains.
BTC is enjoying good pump at 44k but ALTS are still not matching the price, means ALTS are still behind and it is expected that they will go more crazy very soon.
#BTC #Crypto #IceNetwork #1000x CRYPTOCAP:ADA #ALTSEASON CRYPTOCAP:DOT Cardano #PiFest $BONK #Algorand #KuCoin UPCOM:FTM
Btcdominance
BTC.D today is the day. On crypto market, a coin dominance is a ratio of its market cap to cumulative market cap of cryptocurrencies. It's a great way to see how big a coin is relative to the whole crypto market — the value of everything is in comparison. It's calculated by dividing a coin market cap by the overall market cap of the top 125 coins and then multiplying it by 100. The result of these calculations and how it changes over time you can see on the dominance chart — calculated for you by TradingView.
What will be the Bitcoin Dominance?First of all, pay attention to the time frame, The time frame is 12H
It looks like this rising wave (big D) is a diametric with the remaining g wave.
Expect to go up to two red lines to complete the g wave. When this wave is completed, we may see deep drops in Bitcoin Dominance.
Because a large degree pattern may be completed and then we enter the large bearish branch of the E wave.
We have to see if we will have an X wave behind this diametric. If there is no wave X, the Bitcoin Dominance drop will be very deep!
BTC.D ReviewHello everyone, I invite you to check the situation of BTC's dominance over the rest of the market.
Let's start by identifying the main downward trend since 2017, when the percentage share of BTC began to decrease. However, locally we see movement in a strong upward trend.
As we approach a major downtrend, we will unfold the Fib Retracement grid from the recent high and check for potential resistance spots. And here you can immediately see a strong resistance zone from 56% to 60%, which we are approaching and through which the trend line runs, then we have resistance at the level of 66%, and then possible strong resistance at the level of the last peak of 74%.
Looking the other way, we can similarly determine support areas and here we can determine the first visible zone from the level of 51.5% to $49. However, we can still see a return to the area of the second zone from 42% to 39%.
Please pay attention to the CHOP index which indicates that most of the energy has been used, on the RSI indicator we are approaching exceeding the upper limit, which may change the trend, also on the STOCH indicator we remain above the main limit, which may also bring a rebound.
BTC Bull Run (2021 vs 2023)A comparison of the position of the chart when Bitcoin rises in 2021 and the extent of the impact of the acquisition on the market when it falls after the rise to the same current price areas of 43k.
While thinking, I received an alert notification from Trading View with news that intersects with the current thinking
News About at tradingview
and it is from cryptopotato cryptopotato.com
Author: Chayanika Deka
Bitcoin is in a Megaphone Pattern - Hitting Upper Resistance NowCoinciding with the BTC.D chart I posted earlier is this chart on Bitcoin. It is hitting resistance as I type this on that megaphone pattern. Could this be broken to the upside? Yes. But what supports the idea that it won't is not only that bearish megaphone pattern but also the fact that we are also hitting resistance on that RSI chart. Now, pair that with the BTC dominance chart showing us a potential double-top on dominance and I feel that the greatest probability for Bitcoin over the next few days/weeks is sideways to down.
Bitcoin Dominance to Double-Top?Traders,
Previously, you'll remember I noted where I thought we arrive on the BTC.D chart. What I did not expect is a break back above 53% resistance. Now, with Bitcoin breaking all kinds of levels, prices, and expectations, market focus is zoned in at Bitcoin. At some point though, I do expect that focus to shift back into the altcoin space and more altcoin pumping should ensue. So, I am wondering whether BTC.D double-tops here before collapsing? I certainly know that this remains the highest probability at the moment and it is also why I am so heavily vested in altcoin trades currently.
Stewdamus
Bitcoin is in the driver's seat! The Crypto DominatrixBitcoin is putting a serious hurt on the rest of the crypto markets this fine Monday morning. It's bust above 40K was powerful and hasn't given much look of slowing up.
What I am looking at is the Bitcoin Dominance. WIth it pumping over 54%, this means the the majority of the money in the entire cryptocurrency industry is flowing into the top coin, for now. Once people have had their fill and the price finds a supply zone, selling will start occurring again. When this happens, that's when it's best to start hitting the major altcoins and let them absorb some of the market share for a while.
The Bitcoin Dominance chart is certainly one that any crypto trader needs to watch, whether you are a maximalist, or someone like me who doesn't date it, I just trade it!
USDT.D: Need to check if it can fall below 5.89-6.39Hello traders!
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(USDT chart)
It is continuing its upward trend towards the upper tail of the candle created on November 8th.
Since the rise is occurring while creating a gap, it is believed that funds are continuously flowing into the coin market.
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(USDC chart)
The key is whether the price can rise above 26.525B while maintaining the upward trend due to the gap increase.
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(BTC.D chart)
In order for the coin market to enter a full-fledged bull market, I believe that BTC dominance must rise above 61 and then begin to fall.
Accordingly, if the current BTC dominance fails to rise and falls, there is a possibility that a small bull market may form before the full-scale bull market begins.
However, since it is judged that a full-fledged bull market is likely to begin only when BTC dominance rises above 61, it is highly likely that altcoins will eventually sideways or decline.
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(USDT.D chart)
A decline in USDT dominance indicates an upward trend in the coin market.
Therefore, if it falls below 5.89-6.39 and remains, the coin market is expected to enter a bull market.
However, at this time, I think the altcoin bull market will begin only when BTC dominance falls below 50.
If BTC dominance does not fall below 50, it is expected to form a strange bull market in which only BTC will rise, so caution is required when trading altcoins.
I believe that the secondary purchase period of altcoins for next year's BTC halving should be conducted in the BTC 32K-43K range.
The reason is that BTC dominance must rise.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Market led by ETH: Short-term riseHello traders!
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#BTCUSDT 1M
If the price holds above 38745.63, the RSI indicator is expected to rise into the overbought zone.
Accordingly, it is necessary to check whether it will continue to rise and touch the HA-High indicator, or whether it will shake up and down and a new HA-High indicator will be created.
Since it is a 1M chart, we expect to find out in February next year.
#BTCUSD 1M
I think around 43K is the maximum rising range due to this wave.
However, depending on the Fibonacci ratio, there is a possibility of temporarily touching the 44234.54-48229.91 range.
#BTC.D 1M
The reason is that BTC dominance has not risen above 61 yet.
If BTC dominance falls around 53, there is a possibility of creating a small bullish market, but I don't think it will ever be able to create a large bullish market.
Accordingly, there is a possibility that a strange market may be formed in which only BTC rises in order for BTC dominance to rise.
#ETHUSDT 1M
I believe that ETH's temporary lead rise was caused by ETH-related issues (ETFs).
A market that is not led by BTC will likely end up with a short rally.
Accordingly, you should carefully observe BTC's price movements.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Next volatility period: around December 9thHello traders!
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(BTCUSDT 1D chart)
As the period of volatility comes to an end, it is expected to close below the 37253.81 point.
Currently, the HA-High indicator is trending sideways, so the HA-High indicator is not consistently level and is showing volatility.
Accordingly, we believe that the HA-High indicator is not yet suitable for the role of support and resistance.
Therefore, we need to check in which direction it deviates from the 36136.51-37253.81 range and seek a response plan.
In any case, it is sideways in the 34786.17-37779.56 range.
So, if you look at BTC itself, it is just moving sideways.
However, it is felt that the movement of altcoins will cause great volatility in the coin market.
I think that your psychological state becomes unstable in this situation because the average purchase price of the coins (tokens) you own is high or the investment proportion of the altcoins you own is high.
If this state of anxiety continues to occur frequently, there is a high possibility of trading in the wrong direction, so I think it is a good idea to block this psychological state before it occurs.
As this period of volatility passes, it shows a break away from the newly created rising trend line (2) and a break from the rising channel that was formed.
Accordingly, we need to check whether it can rise above the rising trend line (2) again based on around December 1st.
If not, you need to check if there is any movement out of the 34786.17-37779.56 range around December 9th, the next volatility period.
Since the highs of the StochRSI indicator are in a downward trend, we can see that the strength of the uptrend has weakened.
Accordingly, if it does not rise above 37253.81 quickly, it is likely to fall below 36163.51-36568.1, so a countermeasure is needed.
Compared to the volatility of BTC, the volatility of altcoins has increased.
(BTC.D 1D chart)
While BTC dominance is sideways around 52, altcoins have fallen by about -20%.
(USDT.D 1D chart)
USDT dominance is also trending sideways.
It appears that the funds withdrawn from altcoins are being used in the BTC market or ETH market.
Therefore, I think it is being used to buy BTC or ETH.
I believe that this phenomenon is being driven by the futures market, which causes the coin market to fall and causes coins to be purchased in the spot market.
This is likely to continue until you reach your goal of buying BTC or ETH.
Accordingly, the coin market is facing a good opportunity.
(1W chart)
Good opportunities in the coin market are expected to appear on the 1W chart.
In other words, as the HA-High indicator falls, it is expected to increase liquidity by increasing volatility in the coin market.
At this time, we just need to check whether we receive support or resistance near the newly created HA-High indicator and respond accordingly.
If the HA-High indicator receives resistance and falls, it is highly likely that it will eventually touch the HA-Low indicator, so there is a possibility that a new HA-Low indicator will be created.
If the HA-Low indicator shows support around it when it is newly created, it is time to buy.
This buying time is
1st: 32917.17-34110.32
2nd: 29241.72-30767.38
This applies to the 1st and 2nd parts above.
This movement has the potential to be used to create a pull back pattern.
Since you will only find out when the pattern is complete, there is a high possibility that you have already missed a good opportunity when you realize that you have created a pull back pattern.
Therefore, it is likely that the time to buy will be when the coin market is full of fear.
If this is not possible and you encounter resistance from the HA-Low indicator, there is a high possibility of a downward trend, so you can respond accordingly.
The way to respond is to reduce the investment proportion of coins (tokens) you own to prepare for a major decline in the future.
Therefore, when it falls near the first and second sections above, there is a possibility that a new HA-High indicator may be created.
Therefore, the fact that the HA-High indicator on the 1W chart is falling will create an interesting experience in the future.
To fully enjoy this experience, you need a trading strategy.
It is not right to try to trade in the coin market the same way you traded in the stock market.
Therefore, the selling strategy used in the stock market is not suitable for the coin market.
The stock market trading method is to obtain greater profits by using a large amount of investment to secure a large number of stocks.
If this method is applied to the coin market, there is a high possibility that the period of holding the coin while recording a loss will be longer than the period of profit.
Therefore, a trading strategy suited to the coin market, that is, a selling strategy, is needed.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
The biggest Ascending Triangle pattern I've ever seen BTC.D
(note this is inverse meaning up = all non (btc) marketcap rising.
If you invert the BTC.D I can't deny that the bounce here is pointing to a reversal in this asset class.
Bitcoin can go to 10-20 trillion in market cap and still have a BTC.D that reverses.
The Spot BTC ETF could be starting to spawn I hate to say it but a crypto v2 boom similar to the 1920s (roaring 20s).
I've made post on here on how market cap is a terrible indicator for the amount of cash inside this asset class and you only need a few trillion of real currency to hit a large total market cap.
How funny that random internet "coins" could have the potential to reach 20% of the market cap of the Total Market Capitalization of Public U.S. Companies.
I still see most of the ecosystems in this system are beyond useless but then again why do people stay in terrible countries? they create villages and tribes and they isolate, it's almost like tribes and villages are spawning globally with the reserve asset being Bitcoin not Gold this time.
BTC.D ( dominance ) end of the yearhello dear trader and investors
btc.d under the strong resistance + there are RTM pattern price action on this chart ...
i think( btc.d) ready for correction and it can testing the PRZ zone on fibou 0.618 + dynamic suport zone and mini altseason began ...
What is altcoin season?
The season of altcoins, or simply “alt season”, is a market cycle in which the price of a significant number of cryptoassets, which are different from BTC, have better growth indices than the above currency.
good luck
A trading strategy is needed to stabilize the psychological stat== A trading strategy is needed to stabilize the psychological state. ==
Hello traders!
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Please also click “Boost”.
Have a good day.
-------------------------------------
(USDT chart)
A very long upper tail was created on November 8th.
Then, the gap continues to rise.
I believe that this continuous gap increase means that funds are continuously flowing into the coin market.
Accordingly, I believe that if the current inflow of funds is concentrated towards BTC and the price is defended, this will eventually lead to an upward trend in BTC.
(USDC chart)
The key is whether the gap can rise above 24.98B.
I believe that USDC has less influence on the coin market than USDT.
The reason is that the USDC market is not active.
Therefore, if funds flowed into the coin market through USDC, I think there is a high possibility that they will be exchanged for USDT.
Otherwise, I think BTC will most likely be used for trading.
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(BTC.D chart)
In any case, funds are flowing into the coin market through USDT or USDC.
In these situations, we need to check BTC dominance to see where our real money is being spent.
For the coin market to show a full-fledged upward trend, it is expected that BTC dominance rises above 61 and then begins to decline.
Therefore, rising BTC dominance means that funds are being concentrated towards BTC.
It is unknown whether funds concentrated in this way toward BTC will cause the price of BTC to rise or fall.
Therefore, when BTC dominance rises, altcoins are likely to gradually sideways or decline.
(USDT.D chart)
A falling USDT dominance means that funds are being used in the coin market.
Accordingly, the coin market is likely to show an upward trend.
Currently, funds are continuously flowing in, but BTC dominance and USDT dominance are showing sideways movements.
If sideways moves like this, individual investors are more likely to feel unbearable anxiety, so they will naturally sell their coins (tokens) in installments.
To encourage this further, circular pumping of altcoins occurs.
Accordingly, BTC will move very slowly, and altcoins are likely to become more active.
However, if you look at the movements of BTC dominance and USDT dominance, you can see that the fluctuation range is not large.
You can see that trading is not that active.
Individual investors are accustomed to waiting.
However, because they are psychologically unstable, they just give up waiting, but they are used to waiting.
However, investment companies, institutions, and whales are not accustomed to waiting.
However, I think they just seem accustomed to waiting because it has the power to shake the psychology of individual investors.
For a bull market to start this year, I believe BTC dominance must fall below 50 and USDT dominance must fall below 5.89 and remain there.
Therefore, I think that the way to relieve one's psychological anxiety is to increase the number of coins (tokens) corresponding to profits while controlling the proportion of coins (tokens) held until then.
This is because individual investors are highly likely to make wrong choices if their psychological state becomes unstable, no matter how profitable they are.
This is because I believe that if you can stabilize your psychological state even if you earn less profit, you will eventually be able to close the transaction successfully.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
BTC DCurrently BTC D found a support on ***51.61%***, where there is also Weekly 200 ema.
Expecting the same that it will consolidate between ***51.61 - 52.89%*** with possible uptrend continuation.
High probably that after reaching the upper % at around **57.16 - 60%,** the dominance will reject.
This bullish scenario invalidates only if it loses the **51.61%** support, in this case it may come lower to **47.67%**
Key points to follow in BullMarketIt was a key moment for altcoins in the past bullmarket, namely when BTC.D reached a strong resistance level at 73% to be exact, this happened on January 02, 2021, from that moment TOTAL 2 started to grow aggressively and the reign to decrease aggressively, until May 12, 2021, when we approached the peak of the bull market for Altcoins and BTC.D reached an important support level, namely 40%, whi c h was also in May 2018 support.
What we have to learn from here, is that we have to follow important resistance levels for BTC.D to trigger big increases on Altcoins, and take our profits when BTC.D reaches important supports.
www.tradingview.com
We identified the important support levels for BTC.D that could record the end of a growth cycle for ALT's in the next bull market and these are: 49% and 40%. In my opinion, I think partial profits should be taken at these levels.
www.tradingview.com
And as a strong resistance level that could trigger a big growth on altcoins could be the 60% level for BTC.D.
You have to take into account that a click has the following stages, BTC increases, then ETH, then the altcoins with large capitalization then those with small capitalization.
Bull market begins: BTC.D (below 50), USDT.D (below 5.89)Hello traders!
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Please also click “Boost”.
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-------------------------------------
(USDT chart)
A large volatility occurred on November 8th and the gap continues to rise.
Accordingly, we can see that funds are continuously flowing into the coin market.
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(USDC chart)
It is unclear whether USDC's continued decline is causing funds to flow out of the coin market or to be converted to USDT.
However, because the USDC market is not active, USDC movements do not have a direct influence on the coin market.
Since USDC continues to fall, I believe it is forming a separate market different from the stock market.
It is believed that the movements of the stock market due to the volatility of government bonds (US10Y) and DXY are consistent with the current movements of the coin market and have no special meaning.
(US10Y chart)
Since US10Y showed a short-term decline, it appears that the stock market is temporarily on the rise.
(DXY chart)
Since DXY is located around 105.664-106.416, it is difficult to say that the investment market is active yet, so you should be careful about investing.
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(BTC.D chart)
BTC dominance is showing resistance and falling around 53.68.
Accordingly, we can see that funds are being concentrated towards altcoins.
However, since BTC dominance is above 50, you can see that more funds are still concentrated in BTC.
Therefore, I think caution is still needed when investing in altcoins.
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(USDT.D chart)
If USDT dominance falls below 5.89-6.39 and remains, the coin market is expected to begin a bull market, i.e. a bull market.
However, as mentioned in the explanation of the BTC dominance chart, the actual bull market is expected to begin only when BTC dominance falls below 50.
Therefore, it can be said that the 5.89-6.39 section corresponds to the boundary section.
This means that even if it pretends to fall below this boundary, it may rise.
In this market situation, I think that buying when a downward candle is on the 1D chart will lead to better trading than through breakout trading (buying when the price breaks upward through important support and resistance areas).
You should be aware that if the altcoin you own is not rising and you switch to another altcoin that is rising, there is a high possibility that the altcoin you have held will rise from then on.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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