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Btcdominance

BTC/USDT 6HOUR UPDATEHello, welcome to this BTC /USDT 4hr chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. CHART ANALYSIS : 4-Hour Chart Since mid-June, the price has been lodged in a constant range between the $25K level and $18K. During this period, $20.5K turned into a significant resistance which has repeatedly rejected the price. However, there is clear inefficiency between the $20.9K and the $22K levels. The market would typically use these inefficiencies to form its next big move. Hence, the most likely scenario for Bitcoin in the upcoming days seems to be using this imbalance and then developing another bearish move toward the $18K level. If the support fails to hold, the $16K level will be a possible scenario on the table for the cryptocurrency. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
3
Bitcoin (BTC) - October 24Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTC.D 1D Chart) For the coin market to continue its upward trend, BTC price must rise first. In order to do that, it must show that the funds are concentrated towards BTC. If funds are concentrated towards BTC, BTC dominance will rise. (USDT.D 1D Chart) The key is whether USDT dominance declines when BTC dominance rises. This is because a decline in USDT dominance is likely to lead to an uptrend in the coin market. However, if BTC dominance rises sharply, altcoins may rather fall or go sideways, so be careful. (NAS100USD 1D Chart) If it stays above 11373.2 until around October 28, it is expected to move higher around 11942.9-12119.2. If not, it is necessary to check if support is provided in the 1.13 (10689.2)-0.886 (11344.2) range, which is the right Fibonacci ratio range. ----------------------------------------- (BTCUSDT 1W Chart) The key is whether the price can be maintained above 20050.02 by moving along the uptrend line (2). (1D chart) In order to transition into an uptrend, the price must remain above the HA-Low indicator. For that to happen, it needs to rise above 19695.87 for support. October 22-24 is a period of volatility. So, if it goes down, it is important to see support above the uptrend line (1), 19366.86. In order to continue the upward trend, it must rise above the HA-High indicator. To do that, you need to climb around 20798.16. However, the 20798.16-21838.98 section is a resistance section, so it is expected that the upward trend will continue when it rises above this section. We need to see if we can move higher than 20131.46 before moving towards 20798.16. ----------------------------------------- A new indicator has been added to the volume indicator. If you look at the 'Vol & Trend' indicator, the background color consists of a part corresponding to orange and a part corresponding to aqua color. Orange indicates a high probability of an uptrend, while aqua indicates a high probability of a downtrend. The shaded portions of this color indicate a strong trend, and the shaded portions of the color indicate a weak trend. If we use this to explain the current trend of BTC price, we can interpret that it is maintaining a downtrend, but the downtrend is slowing down. The coin market is a market structure with different prices and trading volumes across multiple exchanges. Therefore, I think that analysis techniques using trend tracking are more suitable than the movement of trading volume in the coin market. However, we hope that you use the indicator in the sense that you can predict the change in the price trend to some extent due to the change in the trend of the trading volume. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to gain the strength to rise. So, whether it rises or falls from its current position, both require a short-term response. A full-fledged uptrend is expected to begin when it rises above 29K. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
4
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC/USDT 4hr chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. CHART ANALYSIS : 4-hour timeframe, the $18K and $20K levels still hold, and the price continues to oscillate in this tight range amid the $19K range. However, some bullish signs finally popped following the recent bullish rebound from the $18K level. The price seems to be creating a bullish flag pattern. If it plays out, this pattern indicates a potential bullish price leg towards the $20K resistance level, and a bullish breakout becomes probable. On the other hand, if the price breaks below the lower boundary of the pattern to the downside, the flag pattern would obviously invalidate. The RSI indicator also shows values around 50%, indicating that the momentum is currently indecisive. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. thank you.
COINBASE:BTCUSD
by CryptoSanders9563
2
Bitcoin price, USDT and BTC dominance, Altseason🔥 All here👇Analyzing the sluggish behavior of the BTCUSDT price, we came across an interesting fractal that has the right to live and work. Also, this fractal fits into the idea of the possible formation of a reversal pattern "Double Bottom" , which we wrote about in more detail in our previous idea: We now have two critical points on the Bitcoin price chart: $18000-18300 and $23400 1. Negative scenario - if sellers manage to confidently fix the BTCUSD price below $18000-18300, then the idea of a possible "Double Bottom" and the development of this fractal lose their meaning. And for the BTC price itself, the way is open for a fall to $14-12-10 thousand. 2. A positive scenario is the growth to the upper critical point of $23400, it will at least slightly refresh the cryptocurrency market, which is simply mired in a swamp and consolidation and is not interesting to new and fresh money. If buyers cannot break through this critical point upwards, then the exhausting consolidation will continue according to the red scenario (more details were written in the previous idea) 3. The most positive scenario is a breakout and consolidation of the BTC price above $23400 and $24700. Then the continued growth of the BTCUSDT price to $34500 by the end of 2022. When the BTC price and possibly some of the stronger Alts show at least 1-2 months of stable growth, this will be a great signal for "fresh" money. That it is time to enter the crypto market, which has come to life. And then the most interesting can begin - this is a strong alt-season from the beginning of 2023 until May 2023. While the BTCUSDT price will go into a "creeping growth" mode without sharp corrections, altcoins will begin to pump by "new" and sometimes "stupid" money. And this is pump, pump, pump, the main thing is guessing and reinvesting into the right altcoins. In the end, let's take a look at the charts of BTC Dominance and USDT Dominance There are two alt-seasons in our cryptocurrency trading memory: the super-powerful 2016-2017 and the DeFi boom of 2020-2021. As you can see, on the BTC.D chart, dominance was falling during the 2017 alt-season, dropping from 90%+ to 35%. In 20-21, the dominance was diluted by more cryptocurrencies, and the fall started from 70% to 40%. The logic is as follows: first, the money goes into a more stable asset BTC or ETH and their dominance grows. After, when crypto market participants see that the market has stabilized, and they can try to earn more %% than on the price movement of BTCUSDT or ETHUSDT, capital begins to flow from BTC to altcoins. Also, the value of USDT.D begins to fall in parallel. The high value of USDT dominance indicates that crypto market participants understand that at the moment it is safer "sit" in stablecoins than to invest in altcoins and sit in a drawdown. As soon as the value of USDT.D starts to fall, it means that BTC and various altcoins are being bought for USDT. If we summarize all our thoughts and assumptions writing above, we get the following possible scenario in the cryptocurrency market: 1. By mid-November 2022, the BTCUSDT price is growing more confidently than the prices of most altcoins. 2. From mid-November to the end of 2023, stronger and more stable altcoins join the growth. 3. From January to May 2023, the real alt season begins, where there will be Xs rise for everyone who wants it) And then "Sell in May and go away" _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
50
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. #BTC/USDT ANALYSIS:-Bitcoin (BTC) was back in the red on Friday, as the U.S. dollar continued to strengthen versus several G7 currencies. Following a high of $19,315.20 during Thursday’s session, BTC/USD slipped to an intraday low of $18,945.48 earlier today. The move pushed prices of the token towards a key support point of $18,900, as price strength also declined. Looking at the chart, the relative strength index (RSI) of 14-days collided with a floor of 40.50, and as of writing is set to move below 40.00. The 10-day (red) moving average has also extended its downward trend, which could be a sign of further bearish sentiment. Should we see the RSI continue to trickle lower, there is a strong possibility that BTC could be trading below $18,000 this weekend. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:BTCUSD
by CryptoSanders9563
1
#BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. #BTC/USDT ANALYSIS:- daily timeframe, the price recently retested the broken, bearish trendline and the $18K support level. These levels provided enough support to prevent another dip toward lower prices. However, the 50-day moving average located at around $19K is persisting as a strong obstacle and is putting the brakes on a potential rally toward the $24K area. The 100-day moving average can also be considered a significant dynamic resistance that could reject the price in case of a bullish breakout from the 50-day MA. Right now, a positive trend cannot be anticipated before a break above these two levels and, eventually, the $24K static resistance. So, although the market has broken above the long-term bearish trendline, the continuation of a downtrend still remains the more probable scenario as the market structure is still far from bullish. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
3
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. #BTC/USDT ANALYSIS:- Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at $19,550. Following a high of $19,655.75 on Tuesday, which saw BTC/USD move past the aforementioned ceiling, prices slipped to a low of $19,144.77 earlier today. Wednesday’s drop sees the token move closer to a breakout below $19,000, with bears likely targeting a floor of $18,900. Bearish sentiment has largely been present during what many are calling “red October,” with BTC trading below $20,000 for the majority of the month thus far. Looking at the chart, the 10-day (red) moving average has extended its downward cross with the 25-day (blue), which could be a sign of further declines to come. In addition to this, the 14-day relative strength index (RSI) is tracking at 45.50, on its way to a floor at the 44.00 point. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
4
#BTC/USDT 4HR UPDATE!!Hello traders, As BTC still managed to trade inside a rising wedge pattern between a range of $18.4k to $20.6k. If we consider the shorter frame BTC just rejected from the upper resistance level which is mentioned in the chart and currently lists moving down again to its lower support zone of $19k, it needs to hold this level and again above otherwise break below will lead BTC again towards the lower support rage of $18.4k level. Let’s see how the price performs in the upcoming hours. Do your own research before any trade and hit the like button if you find this analysis helpful. This is not financial advice. Thank you.
by Domino_Crypto
BITCOIN DOMINANCE: A RALLY EXPECTED!Shalom traders! I hope your weekend went well. Another week we ended up with some good profits and BTC still holds the support level. Today, we will analyze the BTC dominance chart and what this could mean for the market. Timeframe: 3 days. Update: BTC dominance has been a helping hand for the traders to analyze the upcoming move on BTC. As we can see in the chart that the BTC.D is under a trendline and it has been beautifully following it. According to the chart, we can expect a rally on BTC.D in the upcoming days which means BTC and altcoins in the BTC pair may possibly rally. The invalidation point will be the lower supporting trendline at 38.8%. That's it from my end. Thank you.
CRYPTOCAP:BTC.DLong
by Dexter_The_Trader
7
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. #BTC/USDT ANALYSIS Bitcoin Bitcoin (BTC) was trading marginally higher on Monday, as bull began to return to crypto markets following recent sell-offs. Following a low of $19,118.19 on Sunday, BTC/USD raced to an intraday high of $19,491.33 earlier in the day. Monday’s move saw the world’s largest cryptocurrency climb towards a key price ceiling of $19,500. Looking at the chart, the rebound in price comes as the 14-day relative strength index (RSI) recently broke out of its resistance at 48.00. As of writing, the index is tracking at 49.42, with the next visible resistance point near the 56.00 level. Should price strength continue to move towards this point, we will likely see prices move towards the $20,000 mark. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
#BTC/USDT 4HR UPDATE !!Hello traders, Till now BTC is performing well according to my last chart update, in the current scenario, BTC is trading below the upper resistance zone level of $19600 which it needs to break above to gain some % towards the price level of $21k. Rejection from the current level will lead BTC again to melt down towards the lower support zone of $18600. MACD also prints a bullish divergence, a positive signal for BTC to grow above. Let’s hope for the best and see how it goes in the upcoming hours will it be able to break above or not? So, do your own research before any trade and hit the like button if you find this analysis helpful. This is not financial advice. Thank you.
by Domino_Crypto
2
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. BITCOIN UPDATE: -Bitcoin (BTC) moved towards the $20,000 level on Friday, as uncertainty in crypto markets eased, following the latest U.S. inflation report. Despite consumer prices rising by more than expected, markets reacted positively, as speculation surrounding the report has faded. As a result of the report, BTC/USD rose to an intraday high of $19,835.17, less than 24-hours after trading at a low of $18,642.11. This rally has seen momentum shift once again, with several indicators now leaning more towards bullish territory. The 14-day relative strength index (RSI) is now back above the 50.00 mark, and is tracking at 51.54 as of writing, potentially en route to a ceiling of 55.00. Should this point be hit, then we will likely see bitcoin not only above $20,000, but edging closer to $20,500. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
1
#USDT DOMINANCE 3HR UPDATE !!As usdt dominance constantly gained almost 8% from the reversal zone at 7.24% level. In the current scenario, usdt dominance is currently trading inside a rising wedge pattern and a breakdown is expected from the current level after a rejection from the superior resistance of 7.90% level. Break down of a wedge will lead usdt dominance towards the lower support zone for one more time, which will Simultaneously brain a good green movement at falcons. Let's hope for the best. If you are new to my channel hit the like button follow and comment In the comment section if you find this update helpful. So, do your own research before any trade and hit the like button if you find this analysis helpful. This is not a piece of financial advice. Thank you.
CRYPTOCAP:USDT.D
by Domino_Crypto
1
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. BITCOIN UPDATE: -Bitcoin (BTC) fell below $19,000 for the first time in over a week in today’s session, as the U.S. dollar rose in strength. USD climbed to its highest point in nearly two weeks versus several of its G7 counterparts, ahead of Thursday’s inflation report. As a result, BTC/USD slipped to an intraday low of $18,984.66 earlier in the day, which is its weakest point since October 3. Looking at the chart, today’s drop in price sees the token fall marginally below its key support point of $19,300. In addition to the price, the 14-day relative strength index (RSI) also dropped below a floor of 45.80, and as of writing, is tracking at 44.67. Bitcoin bulls have since reentered, and pushed the token back above $19,000, however prices are still below the aforementioned support point. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:BTCUSD
by CryptoSanders9563
1
USDT.D AT LOCAL RESISTANCEHello, traders welcome you all to another chart update on USDT DOMINANCE. If you are reading my update for the first time hit the like button follow and comments in the comment section if you find this analysis helpful. As we saw how dominance bounced from the lower trend support at 7.27% and rallied almost 5%. In the current frame, usdt dominance is facing a resistance trend line which could be the rejection point, for now, a break above will lead it to rally toward the 7.80% level. MACD printing a bearish crossover which could be the signal of some drop. Let’s see how this chart pays out in the upcoming hours. This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. Do your research before making any trades. Thank you.
CRYPTOCAP:USDT.D
by Domino_Crypto
New Crypto Millionaires are almost ready to be bornA finfluencer said today on his Instagram reels: 'On the topic of Bitcoin dominance ( CRYPTOCAP:BTC.D ) I really dislike this metric. I don't think that is very relevant any more. The reason why I say is that because 1. it includes stable coins, which stable coins have an enourmous market cap and continue to grow as market matures. The issue with including all altcoins is that is very easy to create new ones that don't necessarily have any true value but they get included in the CRYPTOCAP:BTC.D calculation thus lowering it despite not actually making any major difference'. I was curious and felt challenged. What I have found out was similar to Einstein's Eureka moment. The claim is that USDT market cap ( CRYPTOCAP:USDT ) plays a significant part in CRYPTOCAP:BTC.D but it gives an distorted image. I distracted CRYPTOCAP:USDT from CRYPTOCAP:BTC.D to see till what extent there is a relation by using their relative strengthness. There is not much data and because it probably happens in every Bitcoin cycle only, next conclusions I can draw: 1. if CRYPTOCAP:USDT crosses up CRYPTOCAP:BTC.D and maybe as 2. condition at the same time BTC price crosses up EMA 21, you can start hodling; 2. as long as the CRYPTOCAP:USDT remain above CRYPTOCAP:BTC.D no need to panic as long as you are a day trader: every time BTC price close below EMA 21 you can take profit on your spot position and/or consider short and every time price close above EMA 21 you can buy spot and/or consider long position; 3. if CRYPTOCAP:USDT crosses down CRYPTOCAP:BTC.D you stop/continue hodling and/or consider a short position; 4. as long as the CRYPTOCAP:USDT remain below CRYPTOCAP:BTC.D and the BTC price hits EMA 21, consider this as to open short position; 5. if the CRYPTOCAP:BTC.D is decreasing below 50% level and the BTC price is increasing and remains above EMA 21 (see arrows): the best moments to create altcoin baskets. Hopefully the history will repeat!
BITSTAMP:BTCUSDLong
by MyNameIsEmrah
BTC/USD 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys. BITCOIN UPDATE: -Bearish sentiment remained in bitcoin (BTC) markets to start the weekend, as they continued to digest the latest nonfarm payrolls (NFP) report. Following the better-than-expected jobs report, BTC/USD fell to an intraday low of $19,395.79 earlier in the day. The move pushed the token close to a key support point of $19,200, and as of writing, it is trading close to a six-day low. Looking at the chart, the 14-day relative strength index (RSI) has also dropped and is also approaching a floor of 45.70. Despite moving closer to this bottom, the 10-day (red) moving average has recently crossed over its 25-day (blue) counterpart, which is typically a sign of bullish momentum. Should BTC move to its floor of $19,200, there will likely be an influx of bulls looking to buy this dip, sending prices higher as a result. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:BTCUSD
by CryptoSanders9563
4