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Why I think ALT season will hit in Q1 2021 !!!The blue trendline speaks for itself, we are facing strong resistance at 72.40. It is unlikely to see Bitcoin dominance above that area, but if that happens you should consider selling all of your ALTs as they will be shitcoin soon after. So the invalidation for ALT season is breaking above 72.40. BUT HOW FAR WE CAN GO DOWN WITH BTC.D ?! - The most crucial support is currently locating at 58ish, - Testing and possibly Losing that one will be the peak of ALT season, and we should expect BTC.D to retrace from the pink area. Make sure to share your ideas with me and everyone who sees this in the comment section below, and hit that like button ;)
CRYPTOCAP:BTC.DShort
by CryptoSep
BTC On Its Way To $42,000 According to Late 2017 FRACTALIn this technical analysis I will explain why $42,000 is a very realistic scenario for the price of bitcoin. According to the fractal from late 2017 we would still be able to have an upside potential of at least 20% before we enter a downtrend again. From a TA perspective it seems hardly sustainable to see the price of BTC grow as much as it has this recent time period, but planning the trend reversal (besides being potentially very profitable) is going to be extremely hard. The yellow line is drawn by taking the price data from the late 2017 to early 2018 period. This was the moment the previous bullrun happened and when we printed our previous ATH of slightly below $20,000. Applying old data onto a current chart is called a 'fractal' and gives you the opportunity to understand what might happen in the future or what empirically could be a realistic scenario. Using this specific fractal we can get an idea of what a realistic pivot point could be and what a realistic price target could be on a BTC that is still rising every day. The incredibly sharp drop witnessed after the previous bullrun is what should scare you. The drop can be very very intense after the top has been seen. A chain reaction of panic can cause the price to drop really really quickly. Just imagine when people start selling, the price will drop and newspapers and newschannels will start reporting on the drop. This will in turn create a very widespread awareness about the fact that the price is dropping and might cause even people who don't look at the chart daily to log in and start taking action. We have seen a similar concept of course in the rise of the price. As soon as the all time high broke, lots of people would have been notified about bitcoin who previously weren't concerned about it. Simply because the media helped to spread awareness. This caused the chain reaction that pumped the price to these massive new heights. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:BTCUSDLong
by Trading-Guru
105
Bitcoin Dominance & Crypto Total Market Cap ExplainedOn this chart we are looking at TOTAL2 & BTC.D. BTC.D ( Bitcoin Dominance) is the % of the total Crypto market BTC Controls, when the Bitcoin Dominance rises it can be a sign of Bitcoin taking up the market share of the whole crypto markets - and as this happens we usually see alt-coins (crossed with BTC not USDT) have sell offs. TOTAL2 (Cryptocurrency Market Cap) tells us the total market share of the Crypto Markets excluding Bitcoin. When this rises it is a sign of large amounts of money entering the Alt-coin markets. By using these two tools we can find areas in the market alt-coins are more likely to rise & drop, allowing us to make "safer" & higher probability trades on alt-coins- and helping us understand when Bitcoin is coming to crucial areas and could make major moves. When BTC Dominance rises, that means money is flooding out of alt-coins and into Bitcoin , usually in highly volatile times. When BTC Dominance consolidates it is a possible sign that money is moving is flowing between the alt-coin and Bitcoin markets and this is the best time for you to be trading alt-coins as-well as after the BTC.D has a major sell off. Looking at the chart on the 1st of November 2017 we see the start of of a bearish 1 month close on the BTC.D and a bullish monthly break out on the TOTAL2 chart. At this point we seen many alt-coins continue to grow massively in value against BTC starting one of the most parabolic bull markets we have ever seen. It is important to note that as of today the BTC.D is now pushing through that level once again - while the TOTAL 2 is just above this same level. On the Bitcoin Dominance a close under 64% and a sell off may be a sign that we are entering a similar market to 2017 - while a breakout above 68.24 may be a sign that the alt-coins paired with Bitcoins may put in new lows, if the TOTAL2 were also to lose the support at 110. Now is the time to start planning & paying attention, with many alt-coins crossed with Bitcoin seeing red for quite some time now, a sell off on the Bitcoin Dominance and a relief run rally for alt-coins would make sense. For comparison i have attached a chart of XRP & ADA two popular altcoins, so you can see at the same time (November 1st 2017) many altcoins started massive bull trends at the point of the BTC.D Sell off. If you found this idea informative, or have any questions dont forget to like & comment thank you traders!!
CRYPTOCAP:BTC.D
by Worth_The_Ri5k
15
TOTAL2 - Altcoins Update, filling the gap and continue the trendThere are several factors who come into play here and why this chart is most definitely going to remain bearish: People may need to secure their last money and cash out their altcoins in these difficult times We took resistance from the breakout triangle (that's my view of the triangle, you may draw it differently) I drew two red curved lines, the thicker line seems more probable to me, based on overall sentiment and other markets All in all, a devaluation of the altcoins is FAIR! Why? Because none of them solves a real world problem at the moment. Will it do so in a few years? Probably some, yes. I don't see a reversal signal for altcoins at the moment. Thumbs up and share if you like my analysis! Happy Trading!
CRYPTOCAP:TOTAL2Short
by Thierry88
4
Crypto Total Market Cap Exclude BTC (TOTAL2)This is a chart of funds of the entire coin market after minus BTC. Touch the light blue uptrend line and it is rising. The day when the downtrend line and the uptrend line meet is around December 4, 2019. I think it's a chart that tells if the movement of funds is moving from BTC to Alt. We hope to climb beyond 67.614B to form the basis for the Alt bull market. Let's see what happens with the transfer of funds on the upcoming BTC inflection day.
CRYPTOCAP:TOTAL2Long
by readCrypto