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$BTC Dominance UpdateTimeframe: 1D -------------------- Currently, our strongest resistance for BTC Market Dominance lies at around 47% (which is also confluent with our 200 EMA on the Daily). This is a very important level to watch, as we’re expecting Dominance to remain below it in order to see the alt run we’re expecting to top off the year. A break and close below $43.42 are what we currently need to confirm a mid-term Dominance correction and further alt upside. -------------------- Best Regards, iSmashProfit™
CRYPTOCAP:BTC.D
by TopGBanks
$BTC DominanceBTC Market Dominance reaching highs not seen in August while BTC breaks its All-Time Highs. We do expect a correction in it, which will get us the alt season we've been talking about, however, it won't likely be right away, and the reason is very simple. What are we expecting from our current level? As for now, our 48.91 May/August highs remain untouched, meaning we could very likely see a liquidity tap up there (which would send BTC up to $70,000 - $72,000), before a deep correction in market dominance. The highest we see BTC Market Dominance going before a correction is $50.17, which would happen in no more than a week, and would afterward send ETH and alts flying. ------------------ Best Regards, iSmashProfit™
CRYPTOCAP:BTC.D
by TopGBanks
$BTC UpdateAs we have seen for the past couple of days, BTC has exploded with strength and volume we didn’t even see when we initially broke above $60,000 in May. This time we’re seeing an extreme buying volume we suspect to be from institutions. We’re not far from a break above our current All-Time highs, especially considering all the fundamental factors currently in the market, however, the market is not gonna make it as easy for everyone. RSI , MACD , and general market indicators are extremely overbought on both the 4H and Daily charts, tower the Weekly remains extremely bullish. This means that we’re likely going for a $58,000 - $58,500 correction before a significant move up. This corrective move will be just enough to clear out most over-leveraged bulls from their positions, making space for smart money to load on their positions before breaking towards new highs. -------------------------------------------- Best Regards, iSmashProfit™
COINBASE:BTCUSD
by TopGBanks
NASDAQ CRYPTO INDEX AnalysisThe NASDAQ Crypto Index has broken its neckline resistance on higher time frames (1D) and is currently holding above it with more than decent strength. The cup and handle pattern that could be starting to form after this breakout is probably the most significant indicator of what we can expect from the market in the next 3-4 months. If we see successful neckline support (previously resistance), the market would be sending the confirmation institutional investors are waiting for before entering significant long positions for BTC, ETH, and other large-cap alts, which would be the cause for a definite ATH break. -------------------------------------------- Best Regards, iSmashProfit™
NASDAQ:NCI
by TopGBanks
$BTC Dominance$BTC Dominance (Timeframe: 1D) -------------------- Long Term Resistance: 50.17% Long Term Support: 36.31% BTC Market Dominance becoming a much more defining factor over the last couple of days, as the bounce from 39.90% has sliced through our 43.75% key level and retested it as support. Now that dominance is gaining momentum towards our next key resistance level (50.17%) we could see BTC being the only significant gainer in the next 5-7 days, before giving alts another chance of catching up -------------------------------------------- Best Regards, iSmashProfit™
CRYPTOCAP:BTC.D
by TopGBanks