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.💠💠💠
Dominancetrends
#btc.d #1h #bitcoindominance #btcdominance #1HHi guys..its the latest analyze chart of BTC.D #DOMINANCE in 1H timeframe .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
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)
Altseason - 2nd parabolic move coming Just like my first chars stated we have arrived at the predicted cap for alt coins and the BTC dominance is dropping.
What do I expect the next 6 weeks: (this is my thought, not advice)
Alt coin market cap will reach 800+b IMO in a 6-week parabolic move.
The dominance got rejected yesterday against the MA200 on the daily and i still stand by my previous prediction
First total2 cap prediction:
Weekly dominance chart:
This is not financial advice, if you like my charts, click a thumb up
Update BTC.D VS TOTAL2Update BTC.D VS TOTAL2
You can view my first charts at the bottom.
I see a lot of BTC.D charts passing by here, but this is my opinion.
First things first, what are the indicators telling me:
TOTAL2:
We saw a beautiful rise and resistance on the 1 fib extension, eventually broke it and even broke the 1.618 a few days later.
Already tested back and this is now a good support zone.
MACD here is high and momentum still growing
BTC.D
In the Bitcoin dominance you can see a nice break to the downside and i think this is not the end of a falling BTC.D trend
Why:
The SMA's on the daily chart show a lot of downwards pressure, the MA20 has crossed the MA's 50 and 100 to the downside. Also, these last 2 are turning to the downside.
The last three days BTC.D went below the daily MA200 and this is a really important level. With the spike back up today as BTC rises to +40k we are touching (retesting) this level.
All round conclusion (2 options):
1 - If the BTC.D does not break back up the MA200 today we get a important construction named the kiss of death and the momentum of the dominance drop will increase hard. Altcoins will go up hard and the TOTAL2 will meet the 2.618 fib extension at 514B $ or even overshoot it to the 3.618 at 618b $.
2 - If the BTC.D does break overhead MA resistance (MA200 and MA20) we could see an altcoin bloodbath and see a retrace of the TOTAL2 cap to 340b $ at the 1 fib extension level.
This is not financial advice, just a way to spot early what will happen if you are invested in alts a lot.
Thx for reading
Here are the first charts:
TOTAL2:
BTC.D:
#btc.d #1h #bitcoindominance #btcdominanceCRYPTOCAP:BTC.D
Hi guys..its the latest analyze chart of BTC.D in 1H timeframe .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
BTC dominance reached support zoneBTC DOMINANCE
Reached support zone 63-62%
From here more likely is dominance to move up
Which mean bleeding and correction for alts
If dominance breakdown this Support can lead to alts season but this is less likely here
🚨🚨
Next week is very important for all the market
Take care because big move soon and dont overtrading
Bitcoin Dominance 100% predicted by CryptoPatel& still More room#BITCOIN Dominance Chart Update :-
#BTC dominance now 64.58%
As I predicted It will fall so Finnaly target had been achieved.
That All Crypto Influencers and channels Told you to exit from Altcoins but I single told you to enter.
Hope you understand very well.
I told you to enter in Altcoins when Dominance was 71% so now almost 6% dominance down.
And all Altcoins almost 100% up.
Hope you earned and learned with my TA.
Still Waiting for big Altcoins Sessions.
Support :- 65% ✅
Now Support because resistance.
New Support :- 58%
Resistance :- 65%
Please Click LIKe button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
BTC.Dominance - ALT SEASON IS COMING.ALT SEASON IS COMING.
Many altcoins are looking to go grown.
Bitcoin dominance shows that growth is possible.
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 - Alt SeasonBitcoin's dominance is dropping.
We've now stopped at an average moving 66%.
On 1d timeframe shows a downtrend.
Alt season is already happening.
I laid out a lot of posts with altcoin.
if we go back to 70, I would be surprised)
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
#DOMINANCE IS AT CRITICAL ZONE. Don't miss this!Hello guys. This is the most important Dominance chart that you need to. understand if you're invested in alts.
Halving is just after few days and people are holding
BTC max in their portfolio.
Coming to this Chart
Dominance is at the most critical Zone now,
Break above this TRENDLINE would lead to 10 to 20% more dump in BTC and will eventually get rejected from the upper trendline Resistance. Dropping from that resistance which is around 68.10 we could see a mini Alts season i.e., a 100 to 300% Rise in Potential Alts which are trading currently at the bottom with strong fundamentals in the end of second quarter.
Yes It's true read it again!
Now if it follows S1 (Scenario 1) in which it fails to break above the current critical Red Dot resistance point where two line of Resistances coincide with each other we can see it dropping to the downside to 62 level.
Caution for Alts: If dominance follows S2 and breaks through the resistance of the giant falling wedge channel. There will be massacre in the Alt MARKET.
If you ask me my personal call would be a drop from here but still need to be vigilant.
So we wait for few days to see how the resistance breaks to the upside or downside.
I would personally hold maximum portion of my portfolio in BTC.
#Thanks again for reading.
If you like my ideas and the hard work I put into the charts please hit the LIKE BUTTON and Follow me for the latest Updates.
Stay safe
I wish good health to your families
#Peace
Bitcoin Dominance Chart Altcoin Pumping Time or More REKT ALT..?BITCOIN Dominance Chart:
Now Bitcoin Dominance is 68%.
Last post on Trading view I told you when BTC dominance crossed 67% then you can exit from altcoins.
Who followed me now saved huge Fund.
who not followed now holding Altcoins in loss.
so
What Next: Now BTC Dominance Struggle at Resistance level of 68%-69%.
so if this Resistance breakout upward then Altcoins blood bath coming soon.
so guy Very important level is 69% ( Tradingview Dominance ).
if This Resistance Rejected then 65% is very Strong support for hold at this level.
but keep an eye if 65% dominance also breakdown then Altcoins will pump very hard.
soon keep an eye on two level:
69% Resistance and 65% Support level.
What can we do now..?
Now I will accumulate Good potential coins.
And waiting for more dip.
I will buy more every dip.
but but guys
If BTC Dominance level is Breakout upward 69% Resistance Level then I will Exit from all Altcoins.
and wait for next Confirmations.
because 69% breakout then Altcoins Bloodbath coming soon.
So dont trade Blindly and Like Gambling.
Trade after good Confirmations.
Resistance Level: Now BTC Dominance at 68% so this is very Good Resistance Level of 85 Day Moving Average.
and if breakout this Then Very long term Resistance trend line Resistance is 69%.
so both is very important level.
now I take risk and buying altcoins.
if breakout upward I can expect minor loss but if breakdown then I will book huge profit.
Support: Now 65% is very good support in 3 day or as well as 1 Day chart.
But if this breakdown then you can enjoy with your altcoins holding.
so next Support is 55%.
Support: 65% / 60% / 55%
Resistance: 68% / 69%
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