Get started

Dominanceupdate

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 ------------- 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. KEYWORDS trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
CRYPTOCAP:OTHERS.DLong
by Anoinvest
15
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
CRYPTOCAP:TOTAL2
by Dmoootje
1
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:
CRYPTOCAP:TOTAL2
by Dmoootje
2
BTC DOMINANCEBTC Dominance Weekly chart analysis Pure C&H pattern (rocket bullish pattern) Now btc dominance faces multiple resistances : c&h neckline resistance Horizontal resistance Trendline resistance 200 EMA dynamic resistance If btc managed to break this point Btc will rocket moon more than any one will expect Alts will bleeding more specially satoshi coins That's why in last days i share only tether coins signals I hope dominance not breakout up more In hope alts can have breath to grow 🚨 Please take care of your active trades And be ready for everything at this senstive area Good luck 🤞
CRYPTOCAP:BTC.DLong
by Babenski
7