Btcdomination
Bitcoins Dominance (BTC.D) CHEATSHEET (wen altszn ?) part 2ndHello everyone,
This is extended update for previous idea made approx. year ago in Jan 11 2020
I think that wave A-B as well as smaller x-w-y-x as previous expected by E-W rules has played out and we are sitting on 61.8% of BTC.D at time of writing
This is very important zone to watch (White line+arrow aims to our current place)
BTC should bounce or keep dumping towards wave C and z
also I realized that if this Head & Shoulder formation (Blue lines and triangles) plays out there is possibility that BTC.D might revisit psychological 50% or even go lower
What supports this idea deep further is exactly the opposite pattern formation from the % side of others cryptocurrencies dominance
MAs as well as increasing volume also shows huge altcoins interes and TOTAL2 (Total cryptomarket cap exclude BTC) is on huge grow
Hope you like this Bitcoins dominance (BTC.D) mid-long term deep analysis.
If YES feel free to leave the feedback below the chart in the comments.
and if NO still feel free to give me a kick so I can make next chart more pleasable to understand and read for everyone from newbie to more skilled traders and still bring usefull info to multiple people of different skill levels
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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BTC Dominance Month Chart GET READY FOR LIFT OFF!This pattern I have circled if I am right will pump beyond anything level Btc Dominance has ever been to. This is a huge signal that goes hand in had with the 6 hour incoming ascending scallops chart. Buckle up Folks things are going to get crazy!! Hit me with a like if you agree and Follow me for for updates and ideas.
BTC Dominance Idea Bullish Outlook 1 Day ChartIn this breakdown we see the descending scallops outlined in red with the twin rounded bottoms on a downtrend. The green represents the Ascending scallops and the estimated movements as we are seeing the trend reversal occur and begin the first of two rounded bottoms shapes that will comprise the whole of the first scallop in the uptrend. If this scenario plays out we will see levels not seen since 2017. As the scallops curve upwards we should see strong BTC movement to the upside. As we fall into the scallops rounded bottom we should see the alts get a much needed breather. In this idea its not hard to see how so many people believe we will see a 50k BTC. If you agree throw me a like and follow me for more charts and concepts.
Thanks for the support Much love
Possible bearish retest for BTC.D looking good for Altcoins?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
BTC.D - dominance analytics. Ready for an uptrend?Greetings to all cryptomaniacs!
Let's analyze the movement of BTC dominance and analyze further expectations from the cryptocurrency market!
We saw a downward movement in the dominance of BTC with reaching the level of 57, 35, after which the dominance showed a local upward movement.
What can be expected in the future?
Now a pattern has been formed on the chart - an inverted "Head and Shoulders" and upon breakdown and consolidation above the level of 60, 31, the dominance will continue its upward movement to the levels of 61.66 and 63.07. It is necessary to observe how dominance will pass level 61, 66. Since this level coincides with the middle border of the channel, and also the moving average approaches it, which will act as additional resistance in the upward movement of dominance.
What does this mean for the cryptocurrency market?
An upward movement of dominance can mean the same as a downward movement in the cryptocurrency market: BTC and altcoins. The fall of altcoins is faster as a percentage of BTC. So dominance can grow.
Or an upward movement in the cryptocurrency market. The upward movement of BTC in a certain period of time will be faster as a percentage of altcoins. Thus, the upward movement will show dominance.
My expectations from the cryptocurrency market according to the BTC timeframe, which I will talk about in my next upward movement idea!!!
All successful trades and investments!
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Disclaimer!
I do not give entry and exit points.
I share with you my opinions and ideas, which may differ from yours.
BTC Dominance and Volatility . BITSTAMP:BTCUSD vs CRYPTOCAP:BTC.D in relation to volatility and BTC dominance alone is charted plz see it carefully.
We are about to make a major move this time so stay ready for insane volatility in alts pairs too. We might repeat history plz go back and compare previous red rectangle with current one.
Bitcoin & Alts at very Critical Level - DON'T Trade Please#BTC TA Update:-
Right now, Bitcoin Dominance is at a very critical level i.e, monthly Level 61.98.
61.98 Level has been tested 5 times in the past. And has been rejected.
As of 21-Sep-2020, It is testing this level again 6th TIME.
I Advise you all not to trade for 1 or 2 days maybe, because 61.98 level either has to be broken or has to be respected(retraced).
► Two Possible Scenarios from here:
1. If Daily Candle closes above 61.98 Level, Then BTC Price is gonna PUMP and Alt Coins are gonna dump more.
In that case, If Candle closes above 61.98 then place BUY orders on ALTS at Demand ZONES/Support Zones.
2. If Daily Candle gets rejected again from 61.98 Level, then Alts are gonna pump during the retracement of BTC dominance.
Just Memorize This Concept:
If Bitcoin Dominance Increases & Bitcoin Price Increases >>>>> Alt-Coins are gonna DUMP
If Bitcoin Dominance Increases & Bitcoin Price Decreases >>>>>Alt Coins & BTC are gonna DUMP (Keep USDT at this moment)
If Bitcoin Dominance Decreases & Bitcoin Price Increases >>>> Alt Coins Gonna PUMP (Alt Season)
BTC dominance (Y20.P3.E19).More to the downsideHi All,
As we have seen lately with the ALTs making moves, one should also be ready for opportunities when BTC has its turn.
Looking in the long term, I see BTC dominance dropping however I don't envision it going in the straight line.
So be cautious as to when you flip from Alts to BTC to Alts.
At this point, I'm looking for a few daily candles to hold up BTC before a small bounce but its not there yet.
Note: 73% dominance was the top.
Cheers,
S.Sari