BTC.D 1W-TIMEFRAME ANALYSIS✨BTC.D 1W-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for BTC Dominance BTC.D
I expect the price to move lower.
I hope my idea is clear
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Stay Safe💯
Good luck💰
Btcmarketcycles
No one is talking about this BTCUSDT long-term scenario. 🤯🤯first of all if you are new here then go and check out my telegram channel @harshgpcryptocalls
If you don’t like my advices and ideas don’t follow me just ignore. For me, your profit matters. not wasting time let’s start the description.
So, currently there are two scenarios present at this time.
1.One is Bitcoin can pump to new high of 14500. (which is highly impossible, but can’t trust the volatility)
2.Second is it can take correction to the 880l level and then enters into a downtrend which can take the price tothe lower level of 4700.(having higher chances)
the reason i’ll post in a new 4h chart analysis (i’ll link to this so, don’t worry about detailed analysis)
the simple and short conclusion is we’re expecting BTC to cross the levels from breaking resistance or support for new trend of the season.
Don’t get trapped in any wrong decision. i advise you to wait and watch for a week.
stay tuned happy trading, take care.
Bull Flag in Bitcoin Market Cap Dominance Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
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Quick update, without the normal comprehensive TA. What I think is most important right now is the Bitcoin Market Cap Dominance (BTC.D). This is my main indicator to identify alt seasons vs salt seasons. The best alt seasons happen when: BTC is in a bull market and market cap dominance is > 70%. Conversely when market cap dominance is less than 60% it is usually a good indicator to sell alts.
The target from the bull flag is 77%.
Furthermore I think this is a very strong confirmation of a bottom in Bitcoin. Throughout this bear market any time BTC has pumped, alts have pumped more. Now we are seeing BTC pump and alts sell off vs BTC. This is exactly what we saw at the beginning of the 2016 bull market. This combined with the EMA's starting to signal a reversal has me sitting up in my seat.
That being said I am not viewing this as an opportunity to buy BTC. We are at resistance and well overdue for a correction. Instead what I've been doing is shorting ETH:BTC and longing ETH:USD as a hedge. If BTC continues going up then alts should continue selling off vs BTC but not necessarily USD. If BTC goes down then alts should selloff across the board and I will exit my ETH:USD long. If all works out then I can use the ETH:BTC short to hedge BTC spot purchase(s) when it eventually corrects.
Hopefully that all makes sense, if not feel free to ask questions!
Bitcoin: Ready to confirm the bottom?Another simple study based on the comparison of the current (2018/ 19) bear market with the previous one (2014/ 15).
After 442 days from its respective All Time High, the 2014/ 15 bear market broke sideways from its 1W Channel Down and never crossed the January bottom again. That break-out was the confirmation of the bear market's bottom and the start of a monthly consolidation period (accumulation/ distribution phase).
After 442 days from its respective All Time High, the 2018/ 19 bear market is close to breaking its 1W Channel Down sideways. The bottom of the current bear market has been so far priced in December.
Will this time the sideways break out signal the end of the bear market, the pricing of the bottom, and the start of another multi month consolidation period (accumulation/ distribution phase)?
See our previous studies on the pricing of the bottom, the consolidation phase and Bitcoin's market cycles' phases in general:
Pricing the bottom of the bear market:
The consolidation phase:
Reward phases and cycles:
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