Hello friends, today you can review the technical analysis on a 1W linear scale line chart for the Bitcoin Dominance. I generally look at candlestick charts, but for presentation purposes, a line chart is used. 1) The BTC Dominance has been respecting a Parallel Channel since the May 2021 crypto market correction. 2) Also there is a Bear Flag Pattern that has...
Bitcoin dominance is once again falling after what looked like a possible reversal to the upside of this descending channel, i predicted that we would see a push up to the top of the channel before then bouncing off and continuing the downtrend. We are looking very good as far as the altcoins are concerned, everytime BTC dominance falls the altcoins get a boost...
Bitcoin dominance could rise during the next few weeks because the market is in fear and will choose the more safe bet.
Bitcoin dominance is once again continuing the fall and the altcoins are going to absolutely love it, even when we see a slight drop in BTC.D the altcoins begin to breakout! We are currently sitting on the 41.57% level and there is a good chance we see a push through here for our daily close, even if we don't close below here today i think the time is coming soon....
The price(well, value in this case lol) fell out of the rising wedge, after which it formed a lower high- which then turned into Head & Shoulders, and finally closed out the pattern by breaking the baseline. Waiting for break of 44.44 for a stronger confirmation. The idea is also backed by the previous ETH/BTC idea I posted (check related ideas below) as the...
Once again we are discussing the very important BTC dominance, the reason of why this is being brought up over and over by myself is due to the fact that this is the best indication of where the market is headed and most importantly where the altcoins are headed. If we continue to see drops in Bitcoin dominance each drop is going to significantly boost the...
Taking a look at our Bitcoin dominance chart and we notice one thing right off the bat, a big shift in momentum and lots of pressure to the downside, want to point out aswell i have called this from quite some time ago and just recently in the past week or so! We have fallen right out of our bearish wedge, rather than taking the long way we decided to drop out...
Bitcoin dominance is slowly moving downwards. This is good for altcoins, as you may have noticed all altcoins are moving up little by little. Some coins have already made more than 200% growth. If Bitcoin dominance breaks through the resistance zone, it is very likely that altcoin fever will start in the market. Write in the comments all your questions and...
checking out bitcoins dominance we have gone on quite the fall recently and the altcoins are absolutely loving it! We are currently getting held up on the 44.75% support level and this is our forth day testing this level and i believe we could see a breakdown coming up soon, there is a chance we continue the sideways movement aswell but either way i think the...
BTC Dominance Chart on a monthly basis. RSI has created a double bottom so expect a good sign of upward movement soon. Possible bad sign for altcoins for a period of time as BTC dominance goes up. Let's hope Ethereum and other Alts can have their happy day before dominance moves up too fast. Disclosure: This is just my opinion and not any type of financial...
BTC Dominance is one of the major signs of ALT Season return or arrival. The lower the Score on the BTC.D card, the better for rally of Altcoins . On the other hand the higher the Score , the bad for altcoins . Technically, we are in a descending channel , setting up nicely along with it. See where I marked Flat Top sent it downwards previously, which...
Bitcoins dominance has risen up along with bitcoins price and hurt the altcoins almost all around the board, but things are looking up for altcoins as bitcoin dominance looks like its about to tumble down. As dominance falls altcoins will start to rise and the more it falls the more Alts will pump, keep in mind bitcoin can initially drag down the market if we see...
Many guys ask what to do with altcoins, when is the best time to buy them? In this idea, I will show you the best place to buy altcoins! Bitcoin dominance is a very important indicator that can tell us when is the best time to buy or sell altcoins. Right now on the chart, you can see that bitcoin dominance is in a trading range between the 50 and 40 levels. The...
BTC Dominance is performing a double top pattern in 4hr time frame and the hidden intention for alt coin. Thank You ! #DoYourOwnResearch# #IamNotaFinancialAdvisor#
Checking on how are bitcoin dominance is doing and we find something most wouldn't have expected, a breakout to the upside of this historically bearish pennant, but it may not be what it seems and i think this could be a fakeout scenario, we are currently breaking up above the 42.37% heavy resistance line and will be fast approaching the 42.62% heavy resistance...
Bitcoins dominance has been running the opposite of the market while we see a rise here we have been seeing some very red days for the overall crypto market, that might be ending pretty soon, Bitcoins dominance is currently facing very heavy resistance at the S1 level after falling underneath, we have many many wicks from even years ago on this level and its been...
BTC dominance quick update 2hour . Bearish expanding triangle is confirm dominance is down and all BTC Pier is ready for pump .. happy trading... Thank you...
BTC DOMINANCE UPDATE Nothing changed, Bitcoin dominance wants to test the upper border of the descending channel. I see it as a Bad sign for altcoins in short-term, but good for accumulating lows.