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BTC.D trade ideas

Strong rebound on BTC Dominance. What does this mean?Hello, fellow traders! This post is about BTC Dominance. In my last post, I explained how the BTC Dominance chart reflects overall market sentiment. A downtrend in BTC dominance indicates that investors are seeking more adventurous opportunities whereas uptrend inidactes the opposite. This is because altcoins (such as Dogecoin and many others) are more volatile than Bitcoin, offering investors much bigger profit opportunities but also carrying a greater risk. The current chart shows a rebound after an aggressive downtrend since November 21st, recovering one third of the losses by percentage. Looking at the Voxies (VOXELUSDT) and Zcash (ZECUSDT) charts, both cryptos have suffered a massive drop of 21% in a single day as BTC Dominance resurfaces. BTC Dominance continues its rebound today, with much higher volume than yesterday, when it surged by staggering 2.84%. This reflects a wave of fear and correction throughout the market, putting the bull rally to a halt. Dogecoin suffered an 11% fall yesterday as it failed to break through the price action zone once again. It’s worth keeping an eye on Dogecoin as break below the current uptrend channel could potentially discourage the entire rally. However, the price still remains in the price action zone, which may result in prolonged consolidation. Ethereum also failed to break throuh the 4k level yesterday, dropping by 7%. Bitcoin also faced major resistance at 100k level, dropping by 4%. Now, these charts do not mean that the bull rally is completely over. All we know from these charts is that the crypto market is currently facing a setback – whether this is temporary or complete is not what I cannot tell you in this post – or any post, for that matter. Numerous articles discuss how governments are considering Bitcoin as their solution for financial challenges (especially the national debt), hinting a possible uptrend for the crypto giant. However, an easy climb is often followed by a steep fall. Besides Bitcoin, the broader crypto market is often heavily influenced by pure hype, often driven by celelbrities, entrepreneurs and social media trends. This is why corrections take place in this market. I do not recommend making predictions or assumptions about any market, but it’s especially a headache in the crypto market – there are many possible scenarios to think of, so many different variables to consider. The market is already highly volatile, and it is even more unpredictable under the current circumstances. In conclusion, the market is currently facing a great pullback. (Whether this is temporay or not is what we cannot decide.) Hope this post helps you in any way! React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. God bless :) Hebrews 12:4-6
CRYPTOCAP:BTC.D
by QJEEE
2
BTC.D chart updateBTC.D reached the bottom of it's weekly rising channel and midline of the channel can be it's first target which means even if BTC goes for a range and goes sideways and doesn't make a further correction alt coins will continue to bleed. Top of the channel can be reached but the probability is low in my opinion. In any case, alt coins will be on a huge discount in the coming days. Trend is bullish so consider every dip an opportunity for adding more alt coins into your bags. But be patient and enter the market in the right time. Look at my profile for more analysis of the other charts. DYOR Goodluck
CRYPTOCAP:BTC.DLong
by Arisha_Najjaran
3
BTC.D chart updateBTC.D reached the bottom of it's weekly rising channel and midline of the channel can be it's first target which means even if BTC goes for a range and goes sideways and doesn't make a further correction alt coins will continue to bleed. Top of the channel can be reached but the probability is low in my opinion. In any case, alt coins will be on a huge discount in the coming days. Trend is bullish so consider every dip an opportunity for adding more alt coins into your bags. But be patient and enter the market in the right time. Look at my profile for more analysis of the other charts. DYOR Goodluck
CRYPTOCAP:BTC.DLong
by Arisha_Najjaran
BTC.D NEXT MOVE It is expected that Bitcoin dominance will move in this path, with the next action being a retest of the 58.70% area. After this retest, it is projected to drop to the key level of 58.30%, where Bitcoin dominance encounters both dynamic and static resistance. From this area, a decision will be made whether to continue with a significant drop or rise. As you know, an increase in Bitcoin dominance usually indicates a dump in altcoins, while a drop in dominance signals a pump in altcoins. However, other factors, such as Tether dominance, also need to be considered.
CRYPTOCAP:BTC.D
by ScorpionX_Co
2
BTC.D/Others.D: Tracking Altseason on the 1M TimeframeThis year, I am focused on developing as many metrics as possible to track the altcoin market. In that regard, I’d like to share my latest chart: "BTC.D/Others.D on the 1M timeframe." The idea is that BTC.D will drop below the Fibonacci 0.382 level and eventually reach 0.5 FIB. Each Fib-line on the chart represents the beginning and end of what is often referred to as an "altseason." My timing expectations for this scenario range from February to October, and I’m hopeful for an early development in the market.
CRYPTOCAP:BTC.DLong
by martinxi5u4
2