Dominanceupdate
Updating Channel for my Pervious Idea USDT.D + USDC.D I have updated my idea about CRYPTOCAP:USDT.D & CRYPTOCAP:USDC.D ...
We still didn't breakdown this bullish channel....
***Dollar's Dominance is opposite of CRYPTOCAP:BTC which means if USDT & USDC's dominance are up BTC will be down.***
Check it below in related ideas
Good luck
Bearish Trend and Key LevelsObserving Bitcoin dominance on a 4-hour timeframe, we are witnessing a bearish trend. The next key support level to consider is 53.
Bitcoin dominance has so far reacted to this level, but the overall trend seems to be downward. A trend reversal, indicated by a Market Trend Reversal (MTR) - marked by reclaiming its previous high - would signal the end of the bearish trend.
However, until we see such a change, a further decline in Bitcoin dominance is more probable.
#DOMINANCE AT DO OR DIE CONDITION!DAILY TIME-FRAME UPDATE FOR #DOMINANCE
As shown in the graphic, dominance is creating two patterns, one of which is a rising channel pattern and the other a symmetrical triangular pattern.
Dominance is up against the 300D strong resistance, so ideally we can anticipate a rejection from here. However, if dominance breaks this level, it will rebound to the channel's upper level, or about 8.77%.
We have support from 8% to 7.80% and 7.50%.
Disclaimer: This analysis is not financial advice. Trading cryptocurrencies involves risk, and past performance is not indicative of future results. Always conduct your research and consult with a professional advisor before making investment decisions.
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#USDT DOMINANCE breakdown this bearish flag pattern!USDT DOMINANCE UPDATE
USDT dominance breaks down this bearish flag pattern in a 2hr timeframe.
we are expecting a good drop according to the pattern and if it's goes as expected then we see some good bounce on BTC and then ALTS.
stay tuned
This chart is likely to help you make better trade decisions if it does consider upvoting it.
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Bitcoin Dominance UpdateIt looks like Dominance has broken all the hearts that believed in a huge alts rally!
Bitcoin Dominance (Tradingview) bounced from near the 40% area and it is expected to continue with bullishness, that too with Inflation data release waiting up tomorrow.!
Entry : 1326
Target : 1473 (0.5 of Fibo)
Stop : 1243 (Current day candle low)
Total no. of Analysis : 18
Successful trades : 12
NPNL : 3
Stop Hit : 2
Lost : 0
In Progress : 1
Bonus target is 0.618 of fibo ( 1557 ) in a worst case scenario.
Safe trading!! Cheers!!
#BTC Dominance ALT SEASON POSSIBILITY EXPLAINED!!
Welcome to this extensive analysis of BTC Dominance.
If you are reading my updates for the first time, make sure you follow me to read the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
BTC Dominance bounced right from the bottom of the channel around 39.15.
Currently moving around 42.27 level and broke above the blue MA.
The chart is pointing towards a possible rally towards 45.49 in the next 2 to 4 weeks.
This will eventually give some momentum to BTC against altcoins.
ALTS in BTC pairs are likely to continue some decline for the next few weeks unless it hits the legacy trend line resistance which is almost
300 days old. So once the index reaches that resistance level a rejection would lead to a 3 months rally in Altcoins in BTC pairs. So we need to wait for a few weeks to see
whether it breaks the resistance or gets a strong rejection.
CONCLUSION:- Alts will continue to bleed till dominance reaches 45.49 level. Once that level is reached I will update the next chart.
We will have to see whether it gets rejected or breaks the trend line.
Invalidation:- Close below the Blue MA.
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#PEACE
USDT dominance: possible upcoming shortAs y'all know, in general short signal for USDT.d means uptrend of BTC and then, growth of major altcoins.
Time analysis: tomorrow and the day after are time pivots for USDT.d. We have not seen such a compact cluster since Dec 29. Look out for possible trend reversal... as a short-term correction since Jan 9th has formed, we might be approaching another big shake out in one to two days!
Price Analysis: I strongly believe that 3.95 - 4% is a very good resistance. It might be our last barricade against BTC sellers. Weekly timeframe shows price reaction to fibo channel and mid-term down-trend. As per Cypher harmonic pattern, 2.8% might be the next low, if no major high is seen beforehand.
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
USDT DOMINANCE broke out the channel and retested it let see how the 4-hour candle closes if it closes in red or downside the trendline then the market will bullish.
If it breaks the resistance level then the chart will be invalid.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
TheKing is TheKingQuick Update :
- Don't be Scary about your alts, as you noticed yesterday while BTC was pushing, Alts did an inversed movements, it just was caused by TheKing Dominance growing.
- Many times in history when BTC was pushing too fast and too strong, Alts were oppressed by the power of peoples buying BTC.
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- So the Normal ways are :
- BTC up = Dominance Down
- BTC Down = Dominance Up
- BTC Push Hard = Dominance Up
- BTC Reach a Limit Price = Dominance Down ( Peoples convert BTC to Altcoins )
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- Matter of time before Dominance Retrace to 35% ish and Altcoins starts to be bullish.
- Dominance is very important so you always have to keep an eye on it !
Happy Tr4ding !
Light at end of Tunnel- So after this new Chinese FUD about EVERGRAND, you should take your habits after countless "Chinese FUDS" :D
- This a Quick update without "Price Talk", but about the most important indicator in this BullRun, " The King Dominance ".
- So i explained a in an older analyze what happens when BTCDOM up and What happens when BTCDOM Down. so check it again here :
- So the Normal ways are :
- BTC up = Dominance Down
- BTC Down = Dominance Up
- BTC Push Hard = Dominance Up
- BTC Reach a Limit Price = Dominance Down ( Peoples convert BTC to Altcoins )
- i will post in comments my older analysis about BTCDOM.
So right now what happened with this Dip? Before this dip BTC dominance was around 42%, after this 10k+ Dip, BTC dominance is 41%.
What does it mean ?
- BTC Price went down and BTC dominance went down also.
- it could means that Altcoins bag holders didn't turn their bag to BTC.
- it could also leads in a few time to a big altcoins bullrun (Witch not happened yet) when TheKing will start to grow again.
- As Always be confident, HODL, rebuy Lower, eat noodles! This is not the end but the starts.
Happy Tr4Ding !
USDT.D Trends (Uptrend)-USDT.D uptrend to the midline channel & Resistance line.
-Probability of falling due to the resistance area in the RSI indicator.
Therefore the market is more likely to fall in the short term.
+Disclaimer
This is not financial advice.
The content of this analysis is subject to change at any time without notice.
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
USDT DOMININCE broke out the channel and retested it let see how 4 hour candle close if it close in red or down side the trendline then market will bullish.
If its breaks the resistance level then the chart will be invalid.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
DOMININCE reject from the resistance level and now support level is 2.83.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
USDT DOMININCE is in a very critical situation
if DOMININCE will broke the $ 3.07 resistance level and close upside the level then market will be bearish but as we can see in the chart RSI is making lower lo so there is a chance that DOMININCE will reject from the resistance level.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
USDT DOMININCE is making bearish expanding triangle and broke out the support level and currently retesting it .
Let see how 4 hour candle close.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
As I say in previous chart we are going into a bull market if USDT DOMININCE will break the 21 ma support and retest it . as we now it is done and now it is retesting the first support level.
Let see how 4 hour candle close.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
As I say in previous chart USDT DOMININCE will reject from upper resistance level now there are 3 support level that we can see in chart.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
USDT.D will rejecting from upper resistance level In this moment we can trade in altcoins but there are to support level that we can see in chart.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
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