Dominancebtc
BTC Dominance situation assessment.I think, BTC.D in a mega falling channel and it will repeat the cycle that 4 year ago.
As you can see, I found the bottom trend line by calculating the fibo 1,618 of the last increase.
The blockchain technology is to be accepted by the world in the coming period and to decrease to these levels when altcoins become functional and begin to be used according to the purposes for which they were created.
A critical moment in the crypto marketHave a look at the BTC.D chart every day! It's very important that the dominance go up or down!
Upside means: the money circulation transfer to BTC again and can fall altcoins market, and the phenomena can be followed by sharply increasing or decreasing of BTC price.
Downside means: alt party is just started!
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
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