BTC Market Cap Dominance - Wycoff Acc. Entering Phase D?Hey all, take a look, let me know what you think. In my opinion, it looks like like were heading for ATH and beyond in the near future, as most of us do. This i think confirms it for me.
We're just coming off being oversold for quite some time and it seems like a Wycoff Accumulation is coming out of Phase C and into Phase D where price can get explosive. Might play out over some time as we build this last point of support and then show our sign of strength back up.
I think a strong confirmation of this trend would be the money flow going positive (green) and a close on the daily above SC and then again above the Automatic Rally (AR) . Definitely a longer term trend but I think those are most reliable.
Another Wycoff post but i feel thats all I see right now, heh.
Appreciate the feedback from my last post!
Please share your thoughts and provide as much feedback for me to learn from as possible. I greatly appreciate it!
BIG
Dominancebtc
BTC Dominance - on the waythe overhang over the level continues.
Waiting for the altseason!
the feast will begin after the breakdown!
on many of the coins is already a feast.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
3 White soldiers in inverted H&S pattern formationHello everyone,
This is updated review for chart you can see below
The inverted Head and shoulders ( just painted out as I was previously expecting.
But what is good on it is actuall support by three white soldiers candlestick pattern on that Monthly chart whhich is forming
We are far away from monthly closing but if it is about to close like it is or higher then ...
What does it mean ?
1)What Is a Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
2)What is Inverse Head And Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
3)What Do Three White Soldiers Mean?
Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high. These candlesticks should not have very long shadows and ideally open within the real body of the preceding candle in the pattern.
4) What Do Three White Soldiers Tell You?
The three white soldiers candlestick pattern suggests a strong change in market sentiment in terms of the stock, commodity or pair making up the price action on the chart. When a candle is closing with small or no shadows, it suggests that the bulls have managed to keep the price at the top of the range for the session. Basically, the bulls take over the rally all session and close near the high of the day for three consecutive sessions. In addition, the pattern may be preceded by other candlestick patterns suggestive of a reversal, such as a doji.
Bitcoins dominance is on the other side very likely to drop lower as it paints exactly the opposite pattern the bearish one Head and Shoulders
5) The Difference Between An Inverse Head and Shoulders and a Head and Shoulders
The opposite of an inverse head and shoulders chart is the standard head and shoulders, used to predict reversals in up-trends. This pattern is identified when the price action of a security meets the following characteristics: the price rises to a peak and then falls; the price rises above the former peak and then falls again; finally, the price rises again but not as far as the second peak. Once the final peak is made, the price heads downward, toward the resistance found near the bottom of the previous peaks.
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 - altseason is liveoverhang above the level support.
Waiting for the altseason!
what do you think?
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
#btc.d #15m #bitcoindominance #btcdominance #15mHi guys..its the latest analyze chart of #BTC.D(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Bitcoin Dominance looks bullish, Altseason about to end?Bitcoin Dominance is at the resistance line and if breaks upwards not good for alts. Dominance is in an uptrend on the lower time frames and looks like the altseason about to end. Don't take big positions in alts at current prices. We will wait till the weekend for confirmation and only give signals that are at support or breakout. Keep Learning, Keep Earning 😊
Bitcoin Dominance on the EdgeBitcoin dominance almost formed a head and shoulders pattern. In case it breaks down below %59 the neckline and an important support would be broken and a massive alt-season will happen. On the other hand, if it bounces at the support it can go back above %70 which is absolutely not good for altcoins
Bitcoin Dominance: Technical AnalysisThe Bitcoin dominance chart is at a crossroads.
One direction would be a continuation of Bitcoin's dominance over the altcoin segment, as has been the case since the beginning of the year.
The opposite direction, below the dominance level of 62% of market capitalization, boosting the altcoin segment and could drive Ether to seek new all-time highs. Confirmation of this scenario would be the loss of the 60.44% level.
Above the current level, the first resistance level is at the 63.8% level, then the second at 65% to then look for the main channel's top at the 70.5% level.
#btc.d #1h #bitcoindominance #btcdominanceHi guys..its the latest analyze chart of BTC.D #dominance in 1H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Bitcoin domination - altcoins in danger?Many were waiting for the head and shoulders to be worked out - but this did not happen
Altseason is canceled for now, as there is a possibility that dominance will go up.
Be careful those who like to trade altcoins.
Maybe I'm wrong - but I'm looking forward to a big drop in bitcoin, and better places to buy alcoins in the medium term.
We'll see.
We're broke the descending resistance and heading upwards. Bearish for altcoins. It is better to just stay away from altcoins and not enter anything this week. Target is 65.5-68%.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
❗️❗️❗️Disclamer:❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
Why I'm Bullish On The Bitcoin DominanceYou can see the 140 MA on the weekly still holding support for the last 3 weeks and stochastics just crossed to the upside.
At the same time the structure looks like an ascending triangle (bullish formation).
First likely target is 71 area, but as it looks like bitcoin might be approaching its last ultimate parabolic phase (blow off top) the dominance can shoot even higher to the 80s.
I am exiting any BTC pair altcoin trades for now. Will reconsider if we see a weekly closure below the 140 WMA.
BTC.D vs TOTAL2 UpdateAs you can see on the BTC.D chart we have a clear rejection of the MA200 and a bearish cross pointing down (MA50 - MA100).
This tells me the dominance will keep going down and downwards momentum will increase.
TOTAL2 target on fib extension points to 817b
This is not advice, just a follow up of my previous charts
BTC DOMINANCEBTC DOMINANCE
Dominance start to bounce again from trend support (from 60% to 64% last week)and now 62.5%
With BTC breaking 50k most likely dominance can rise more in short term to 67-70% level again then drop below trendline support and breakdown 60% level (Neckline of H&S pattern)
toward 50-40% if that happens this can lead to massive altcoin season in med - long term
So high probability altcoins can suffer in short term but med and long term strong bullish if that H&S pattern successed (most likely)
BTC.D Dominance IndecisionBTC.D has been in a decision phase for long time and between 17-22 Feb BTC .D Dominance will decide what to do next, because right now BTC .D is between the descending triangle and it's support, it has been squeezed between there lately, so the decision will be between 17-22 Feb. If Dominance starts to rise and breakout the descending triangle , we will see BTC making new highs and ATH levels (only one condition, market should not go into deep correction). If dominance decides to fall under 60 percent, then we will have the real beginning of an altseason which Ethereum leads. The only condition is that market should not go into deep correction, and money should stay and flow within the market. So the TOTAL and TOTAL2 graphs should have been also considered between 17-22 Feb.