Comprehensive BITCOIN Analysis for the next 7 days - DAILY chart
First Off - Sorry for all the lines on the chart but EVERY one is very relevant to what is happening right now.
The Dashed Blue Horizontal line is the current ATH line. possible Resistance.
The 2.618 Fib extension has not yet been tested as support. This could happen still, at any point till end of month and is around the 98K usd zone.
PA has Ranged through the Local rising line of support, as if it no longer existed, which was a little surprising given the strength that PA has still. There maybe some uncertainty in the air.
PA is above the neckline of the Cup pattern it printed and, again, it would not be unusual to see PA come back down to test this Neckline as support, which is on that 2.618 Fib extension.
The Bold Yellow line is Long Term Support line since 2015, showing that Bitcoin PA is in the Lower side of a Long Term ascending channel, with plenty of room to rise,
PA has a lot of inert strength right now, so, we may not see this retest happen.
We just have to wait.
BUT you can see that Rising dashed line, the extension of the Cup pattern.
PA may range across into this and bump into it next week. If it acts as support again, PA will then be pushed into a tight Squeeze against the other rising line of support, with an Apex on the current ATH line.
PA ALWAYS REACTS BEFORE THE APEX
All that points towards some Volatile times next week if PA remains in this area.
The other descending line there is a 618 Fib Circle. You can see that 98% of the Time, PA is effected by these.
All this shows us 4 points of resistance, in the same Zone, All Next week and PA will Either Shoot through it with a Big push, Or we may see PA Drop back down. The Big question being, how Far ?
We do not want to loose the 2.618 Fib ext at 98K
But what else can we look at. ?
The RSI DAILY
This is still up high in the near Over Bought zone. It can range up here for extended periods but this is something we should be aware of as the possibility of a drop does exist.
On the weekly, RSI has room to move higher & the 4 hour is in neutral zone, again with ability to push higher.
The MACD DAILY
This is once again curling over and about to test the red signal line as support.
On a 4 hour chart, the MACD is down on Neutral line, giving it strength to push higher and if that continues, we will see the yellow MACD line bounce off the Red signal line on the Daily chart.
Once again, Look at the Histogram and the similarity to the area that the Arrow is pointing at.
We could repeat this but on a larger scale. We have to wait and see if this happens.
But also note how there was a Visit into a red Histogram ( for 4 days ) before the bigger push and I remind you about what has been said above.
So, what else can we look at that may offer some ideas ?
The Chart below is the 4 main Crypto Dominance charts by market Cap - 4 hour
BTC.D - ETH.D
OTHERS.D - USDT.D
( OTHERS = Top 125 Coins MINUS Top 10 by Market Cap) Mid to Low cap
We have recently seen a Drop in Bitcoin dominance, giving the ALTS some time to push higher. This is seen with the BTC.D dropping and the ETH.D and OTHERS.D rising
Also note how USDT.D Dropped, showing that stable coins were being exchanged for Crypto,
And as we see now, we have the possibility of BTC.D being rejected by its 50 SMA ( Red)
ETH.D is above its 50 SMA, showing it had a good push and may get support if PA drops
OTHERS.D has already fallen below its 50 SMA, showing a brutal sell off, rapid profit taking.
That is the world of ALTS.
In the last 48 hours, we saw a return for Bitcoin as it rose from a shallow Low in its Range. This was enough to cause a sell off of the ALT coins as we see in the Drop in Others.D
ETH however, remains in a range with obvious intention to continue higher if the market allows.
Lastly, we can compare Bitcoin to the other Markets
Bitcoin - CFD GOLD
DXY - S&P500
Bitcoin has performed well. It has reclaimed some position on Gold recently while it climbed alongside the S&P
We can also see how BTC climbed while DXY dropped.
This highlights some Flaws in using the BTC USD pair to judge the success of BTC but this is explaned better in another post. But in short, If the $ looses Value and your BTC USD pair appears to climb, theg ain is lost as the $ is worth less.
Use BTC XAUT pairs. Bitcoin Gold Pair - Historically, GOLD looses little Value by comparison. So when Bitcoin gains against Gold..It is WIN WIN
So, in conclusion, we see Bitcoin under some pressure to avoid Lower or sharper Drop in the short tern.
The Lower Timeframes show us that BTC has the ability for a Continued Range but with caution.
We see ETH ( and larger Alts ) intent on remain in the game now they have had a small glimpse of Gains
And we see that Mid and Lower Cap Alts are mostly just money makers providing you play the game right. And that game may have some more time if Bitcoin Stumbles in the next 7 days.
And that possibility does exist.
Today is crucial in many ways and will set the tone for the following week.
There is Financial Data being released by the USA today and if unfavourable, we may see some sharp moves.
And ,Longer Term VERY BULLISH - I HOLD AND CONTINUE TO BUY WHEN I CAN ON SPOT ORDERS
I hope this helps and I am grateful for comments
Ethdominance
4 X Crypto Dominance charts showing Where the money goingCRYPTO MARKET DOMINANCE CHARTS
These are 4 hour charts, showing PA from Mid April to now.
BTC.D - ETH.D
OTHERS.D - USDT.D
RED line = 50 SMA
BTC.D - Dips, Showing money flow into other Assets. PA has fallen below the 50 SMA and yet the price has remained static above 100K. The fact that the Dominance chart is dropping is more a sign of the increase in Selling, Profit taking and the increase in Dominance of other Assets and the fact that the price is unchanged, slightly higher, also shows the demand for BTC remains strong.
ETH.D - Climb showing some ETH recovery though no where near the climb that Bitcoin has made. The ETH Dominace can also be reflecting the increased Dominance of ALTS on the ETH network. In the last 24 hours, The ETH dominance has Fallen slightly
OTHERS.D - Rapid climb - Top 125 coins minus the Top 10 ny market dominance.
MID to LOW Cap ALTS taking most of the Money. This will include all ALTS on any Vlockchain, including the TH network. Some Massive gains here signaling ALT Season though I am uncertain how long this will ast.
BE CAUTIOUS
USDT.D Drops showing money leaving Stable coins and moving to Assets. When stable coins get sold off, it is a sign of confidence in the market, Foe me, MOST of the money flowing into ALTS right now are coming from the Stable coin sell off
As I mentioned just now, I remain cautious about this right now,
Watch that BTC.D like a Hawk because THAT is the signal of change in this.
The Table below explains ( sorry for the formatting )
BTC.D- BTC - ALTS
increase- increase- Decrease
increase- Decrease- Decrease Rapid
increase- Stable- Stable
Decrease- Increase- Increase Rapid
Decrease -Decrease- Decrease / Stable
Decrease -Stable- Increase
The 4 Crypto Dominance charts and 4 x TOTAL charts -ALT ?
There are some charts we should always refer to in times where we feel change may be upon us.
The chart above are
Bitcoin Dominance ( BTC.D ) - Ethereum Dominance ( ETH.D )
Others Dominace ( OTHERS.D) and USDT Dominance ( USDT.D) ( I use USDT as it remains the largest Stablecoin by market cap)
The RED line in these Daily charts is the 50 day SMA
In most of my posts recently, I have been mentioning how Strong BITCOIN is remaining while under a Lot of resistance.
But we really should not forget the rest of the market. THE ALTS
The Fabled ALT Season has been running away from us, making many wonder just what is happening.
To explain, while BTC.D remains high, it shows us that the Money remain invested in Bitcoin.
When this Dominance Drops, in the past, it has signalled the rise of investment into ALTS.
Called ROTATION, the money rotates from one asset to another.
Due to the corporate investment in Bitcoin, this rotation has not happened.
BUT IS IT ABOUT TO ?
Let look at a few things
BTC.D has been rising continuously for Months now, It is way above that 50 day SMA. PA could fall a Long way before the support of that 50 SMA is required and I notice as I type, that is is beginning to drop. It's local support may help
ETH.D has begun to Rise but we need to pay attention to this as it could get rejected once again by the 50 SMA. Ethereum has had a very hard time this cycle and has yet to show any sustained recovery
OTHERS.D - Now OTHERS is the one I watch most. Others is the Top 125 Coins MINUS the Top 10 by market cap. This shows us the Mid to Low cap Alts coins.
This is also rising right now but once again, we need to wait and see if it breaks through the 50 SMA that has rejected it many times.
The USDT.D has been dropping. This shows that USDT has been rotated into other assets. Bullish but I have to say, that as I write this, I have just noticed that this has begun to rise also though only on a 1 hour chart so maybe just Noise but it is worth watching.
So, on these dominance charts, we see a potential start to a rotation but with the likely hood of rejection of the 50 SMA, It could be the First step of a bigger move.....But with potholes in front.
The Next Logical thing to do is to look at the TOTAL market Cap charts, to compare this dominance.
This chart shows us the Daily charts for
TOTAL Crypto market Cap - TOTAL2 ( minus BTC )
TOTAL3 ( Minus BTC & ETH ) - OTHERS ( Top 125 coins Minus top 10 by Dominace )
SMA;s in chart are RED= 50, BLUE = 100, GREEN = 128, YELLOW = 200
The TOTAL is the ONLY one that has PA above all the SMA's, potentially offering Support on many fronts. It has also had the most sustained Rise. Hence the high level of Dominance in the Market.
TOTAL2 is above the 50 SMA that has rejected it previously and is about to hit into the 100. We need to see if this will be rejected or not.
Remember how the ETH.D is also facing rejection off the 50SMA - ETH is under pressure
TOTAL3 is above the 50 and appears to have broken through the 100. This is VERY Bullish for the ALT coins and could show us some potential for a continued rise as sentiment continues to turn positive. But we should watch that 200 as a potential problem
OTHERS has the largest and strongest rise and again, is above the 50 and appears to have broken through the 100. This chart has the largest gap between current PA level and the next SMA that may reject it. This is the same on the Others.D chart
SO, in conclusion, The potential for a Rotation does exist but it is going to be hard fought. There is the possibility of a HIGH volitle state for the next few days, possibly Weeks.
If you are going to rotate out of Bitcoin, Be VERY CAUTIOUS until at least the next SMA have been claimed on both sets of charts.
The nest bets are on the Mid to lower Cap ALT coins.
BUT I will say this. I cannot See BITCOIN Selling off to invest in ALTS. I also see Bitcoin continuing higher against the USD.
IF we get an ALT season now, It will be Quick, Volatile and possibly with Quick Pump and Dumps on most ALTS.
The larger ALTS will survive this better than the Meme, small caps in my opinion
For me, the ROTATION that creates an ALT Season will occur with the rotation of money from ALT to ALT and NOT BTC to ALT
What ever you do, Remain in Peace and Safety
USDT.DOMINANCE 4HOUR CHART UPDATE !!A downward trend in USDT dominance typically signals growing confidence in riskier assets (such as Bitcoin and altcoins), as traders move funds out of stablecoins and into crypto investments.
Breakout Attempt
The latest price action shows a breakout from the descending channel.
This signals a potential reversal, during which traders may return funds to USDT due to market uncertainty or a correction in crypto prices.
The black line forecasts a strong upward move in USDT dominance.
If this happens, it could indicate that investors are selling crypto holdings and moving funds into stablecoins in anticipation of a market decline.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
USDT.DOMINANCE WEEKLY CHART UPDATE. Current Market Structure:
Breakout Confirmation: USDT Dominance has broken out of its descending trendline and is now in a retest phase.
50MA as Support: The 50-week moving average now acts as dynamic support, reinforcing the bullish outlook.
Rejection or Breakout? The price is currently testing resistance. If it gets rejected, a temporary pullback is likely before further gains.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
USDT.DOMINANCE CHART UPDATE !! USDT dominance chart on the 4H time frame is trading within a rising channel. Currently, it is approaching the upper resistance of this channel near 4.8%.
If USDT dominance continues to rise, it could signal an increase in risk-off sentiment in the crypto market, as traders may move funds into stablecoins. Rejection from the upper trendline could lead to a pullback towards the mid-range (around 4.2%) or even the lower trendline near 3.8%, which would be more bullish for altcoins and Bitcoin.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
USDT Dominance Chart AnalysisUSDT dominance broke out of a long-term descending channel.
However, it is showing signs of rejection at nearly 4.60% and could head back towards support.
21-day MA (black line): Previously acted as resistance, but now provides some support.
100-day MA (purple line): Was breached, but is now being retested as support.
A red candle after the recent breakout suggests a possible failed breakout scenario.
The green arrow indicates a potential decline towards 4.20% or even lower.
Support: 4.20% (previous resistance, now potential support).
Low Support: 4.00%
Resistance: 4.60%
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
ETH ecosystem to fund initial stage of crypto bullrunWhen markets rotate the money has to come from somewhere. Money can move in and out of one sector of the economy into the other, like money moving from industrials into technology or from fiat into precious metals. Money can also move around within a macro system from its constituent sub-systems. In the case of crypto, think we will see the Ethereum ecosystem beggared while money flows out of it into other ecosystems.
In order to try and stay ahead of the rotations into and out of crypto and into and out of the various layer one projects within crypto I turn to the best tool I have, which is the charts. Once we have the layer one blockchain we care about we can look at other layer projects that ride on top of the layer one to move up the risk curve for more volatility as we see fit.
ETH/Bitcoin
Bitcoin is the biggest single slice of the crypto by fame and market cap. The double top threat is pretty clear at this point. The black double top appears to be an eve and eve with the difference between the first and second peak about 3.12% That is about as textbook as we could want to see. We just have to start breaking the neckline of the formation and we should start to see more volatility in the pair.
Eth Dominance
ETH.D is likewise in a double top but this one is a bit further away from the neckline. The targeting is much the same. Due to the structures of the uptrend I think that 40% draw down is very reasonable and realistic.
XRPETH
XRP appears to be in a ascending triangle against ETH with a target close to 2x if full performance is reached.
Solana/ETH
Solana is suppose to be an Ethereum killer and in the long run I think it will live up to its name. I think it has a couple of years for the ecosystem to mature before It does. A major sign of strength will be if this W pattern performs to target. That would have Sol putting up over twice the gains than eth does in the initial stages of this move.
Polkadot ETH
Dot has been moving sideway for the last 4 months and has created some bullish divergence on the weekly chart. I think we will see it slowly erode share out of eth.
Kadena Eth
One of my favorite layer ones to watch and maybe trade before I see my long term set up is Kadena. It is poised ot have a W pattern that pops it over 100% against eth.
Cronos Eth
Cro seems to be another coin in a wedge against eth. The target this cycle is over 300% away from the current level.
ADA ETH
Oh, look, it is another coin in a bullish falling wedge against ETH. Sure reaching the previous ATH might take a decade or so, but that is a decade to favor ADA over eth.
Doge Meme Coin Versus Eth
Want to consider something that at first glance seem moronic or hilarious? Doge has the structure to 70x eth over the next couple of years.
Final thoughts
The Eth team has done a lot to make their system more affordable to use. As price goes down the ease of use goes up and the adoption goes up. Ethereum is in the process of turning itself into a volume trade and not a profit margin trade. That might be a good thing for cryptocurrency as a whole but I am chasing alpha. Crypto gives me more potential alpha than equities so I play here. If the alpha is leaving eth then I am going to leave as well, no matter how good it could be for the world or the ecosystem. Daddy can't pay for his girls food and clothes if he doesn't get that alpha.
The "Flippening"The "Flippening" goes back to 2017, a term coined back then referring to a possible future where Ethereum overtakes the marketcap of Bitcoin.
Should that ever occur, it would also take a larger portion of market dominance than Bitcoin
Here's a silly chart, just for fun, imagining that scenario during the current bull market.
$ETH.D x $BTC.D CRYPTOCAP:ETH.D x CRYPTOCAP:BTC.D ⏳
While #Ethereum dominance is at all-time lows in terms of momentum, it is also poised for a comeback in the Demand Zone
#Bitcoin dominance is poised for a comeback in the Supply Zone region, even though it is at all-time highs in terms of momentum
The current situation can be seen as an important indicator for #Altcoins, but the rise of bitcoin and the decline of bitcoin dominance will be a sign of the #Altseason we have been waiting for so far.
Ethereum ETH Will Outperform Bitcoin In 2025!Hello, Skyrexians!
Recently we analyzed the Ethereum price chart and we expect the huge growth, but there is another one important question, what is going to be more profitable in the upcoming year, sit in Bitcoin or Ethereum? CRYPTOCAP:ETH.D can help us to answer this question. Moreover, if ETH will outperform the market, layer 2 such as BINANCE:OPUSDT , BINANCE:ARBUSDT and BINANCE:STRKUSDT will also show the great performance. We know that most of you are thinking that these projects are dead, but in case of this analysis plays out they can revive from the dead zone!
Let's take a look at the monthly time frame. Since the previous bull run ETH dominance is in large correction. Previous growth we can count as the wave 1 which has been finished with the red dot on Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
After this wave we have seen the large wave 2 with the ABC shape. It could be already finished with the green dot in the target area inside Fibonacci 0.61. Now it's time for wave 3 which has the target at 37%.
Best regards,
Skyrexio Team
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USDT dominance on the 4-hour timeframe.The price is trading within a clearly defined descending channel.
The current movement indicates rejection near the upper trendline, which suggests continued bearish momentum.
The 50-period EMA (red line) acts as a dynamic resistance.
The recent retest and failure to close above it confirms the bearish bias.
The chart suggests a move towards the channel's lower trendline, around 3.85%- 3.90%, as the next support area.
The lack of breakout volume indicates continued selling pressure.
If USDT dominance breaks below 3.90%, it could signal strength in crypto assets, with altcoins seeing a rise.
A breakout above the 50 EMA and upper channel trendline could reverse the trend.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
ETHBTC Bottoming - Maybe? Hitting a few possible resistance points here, could ETH be finally bottoming against BTC? Only time will tell.
Some good capitulation but not heaps of volume.
Bullish divergence on RSI which is good.
But it could go lower, lets hope not but you can see the next support right there down lower
USDT.DOMINANCE Chart Update !
USDT dominance is showing a downward trend after breaking out of a previous channel, which may indicate a decrease in stablecoin dominance in the market. The price of testing a green support zone is around 4.4%. If it fails to hold above this level, a further downside to the lower red support zone around 3.9% may be possible.
This decline in USDT dominance could imply a potential increase in buying pressure within the crypto market, as funds flow out of stablecoins and into more volatile assets, fueling upward momentum in the broader crypto market. However, a bounce back above the support zone may signal a temporary reversal in trend.
Traders should watch for reactions at these key support levels to better assess the direction of market sentiment.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
🚨 CRYPTO REVOLUTION: ETHEREUM (ETH) WILL BE KING AND GOD 👑📣 Hello everyone!
I believe that in the next 2-3 years, Ethereum will overtake Bitcoin in market capitalization. This will be a real crypto revolution - Bitcoin will no longer be the dominant cryptocurrency on the market.
I expect the long-term correction of WXY to end in the fall of 2024 in the 12.59 - 15.27% zone, after which a long-term uptrend will begin in wave-3 of the secondary level, which will be able to reach the target of 50% ETH dominance approximately in 2027.
⚠️ Think for yourself, decide for yourself - good luck in making independent trading decisions and profits ✊
Goodbye!
Ethereum: On the Verge of a Major Dominance Uptrend!Ethereum appears to be gearing up for a new phase of growth. Its dominance in the crypto market is completing a significant corrective phase — the second zigzag in a double zigzag pattern. This process has been unfolding over the past three years, correcting the previous growth seen from 2019 to late 2021.
Looking at the historical trend, we can observe a clear cycle: three years of decline followed by one year of rapid altcoin growth. This cycle, along with characteristic Elliott Wave correction patterns (where the latest structure shows a = c) and a false breakout at the critical 13.95% level, suggests that significant changes may be on the horizon. We also see confirmation in technical indicators — MACD, the MACD histogram, and RSI — signaling bullish divergence and a break in the downtrend on the Momentum indicator (40-day period).
A similar picture emerges in the ETH/USD and ETH/BTC pairs, forming a base for the bullish trend. This points to the potential beginning of a strong upward movement for Ethereum and an expansion of its influence in the cryptocurrency market.
There may be one more slight decline in ETH dominance, probably to the level of 13,6%, to form a double bullish divergence, after which I will accelerate my bullishness on ETH.
USDT Dominance Chart Update !!USDT Dominance Chart Update
USDT dominance has broken above the descending trendline.
The current level of 5.84% shows a slight pullback after reaching around 6.70%.
Immediate support is around 5.50%.
Long-term support is significantly lower at 4.56%.
The immediate resistance level is at 6.70%, which was recently tested.
Higher resistance is around 8.50%, which has not been seen since late 2022.
If USDT dominance can stay above the 5.50% support level and break the 6.70% resistance, it could target higher levels around 8.50%.
A break below 5.50% could lead to a decline towards long-term support at 4.56%.
Keep an eye on changes in volume to confirm the strength of the move.
Monitor the RSI for potential overbought or oversold conditions to identify reversal points.
USDT dominance is currently in a critical range. Traders should keep an eye out for a break above 6.70% for bullish continuation or a drop below 5.50% for further bearish action. The 5.50% and 4.56% levels are key support areas, while 6.70% and 8.50% are important resistance areas to keep an eye on.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Ethereum will explode soonBy thoroughly examining more data, we found that Ethereum is located in a large triangle. This analysis was done with much more data.
The green range is where Ethereum's 7-year dominance triangle could end and witness heavy pumping of Ethereum and altcoins.
Our view on the dominance of Ethereum and alt-party is as you can see on the chart
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Ethereum May Flip Bullish and Surprise UsEthereum dominance has a potential golden cross of its 50/200 day EMAs and MAs in progress as it tests the top of both along the neckline of a W pattern.
The question is how high it'll actually go. For Ethereum to become really bullish again vs. BTC, BINANCE:ETHBTC needs to reclaim the 7.2 year uptrend it lost back in March: