some more additions we havent touched it yet in price, however we have been rejected by the weekly 200 on marketcap.
BTC trade ideas
Death Cross Dump incoming? This symmetry says it willWeekly Death cross will likely happen in next few weeks, wat will it do?
If it does play out bearish like it mostly does on the daily chart, i would not be surprised tot test the 230B mark.
Mirroring previous uptrend tot this downtrend would also be beautiful to see, isn't it?
How can you not be BULLISH on ALTS! Bye Bye BTC Dominance!The weekly RSI gives you the confirmation that the BTC dominance will reverse. Lower high!
Perfect double top pattern on the chart.
Small ALTS will SKYROCKET vs BTC!
BTC.D will go down to 30% within the next couple months!
Where is Crypto heading?Spread graphs assist precision in determining key resistance & support levels. Current economic conditions aren't promising for such volatile/unregulated assets. It is critical to point out the heavy sells over the last year matched the timing of the Russo-Ukrainian war, the rise in the cost of living, the natural end of the bull cycle* and etc. At times of stable quietness (placidity), we should expect financial assets to return towards their equilibrium valuations.
The 2 blue downward-sloping channels have the same gradient and similar attributes. For both the anticipated bull run began after breaking out of the middle (grey, semi-lines) line. Moreover, due to the magnitude of last year's sales, the current strength of the breakout is instinctive.
The top pane represents the correlation coefficient between cryptocurrencies and safe heavens. Their natural negative correlation implies that at peaks of the indicator large momentum in one direction is expected. RSI (pane below) may assist to speculate which direction the short-term/long-term trend is going.
The arrow path is based on BTC's historic breakout from 2019 (1st downward-sloping blue channel)
Thanks again
BTC Dominance going up! Hopefully we reverse back down!I'm an ALTCOIN holder so I'm biased towards an ALT season.
Unfortunately, it does look like the BTC dominance will be breaking out of that downtrend starting early 2021.
How high could it go?
Yes, usually BTC goes up first, follow by ETH, Big caps and then smaller alts.
Let's see if it happens like that again.
BTC-IndicatorsGood day
Does anyone have experience with the OTT indicator? Any comments are welcome 🙏
BTC FAMILY REVIEW AT Bee'sWorking out the truth... We Have It... THE GOLDEN KEYS ARE WITH IN OUR ROOM!!!!! We're Looking to have a TA battle within the Krypto Community.
The market cap of BTc in btc with all others in usdThis is the market cap of BTc valued in BTc and all others in usd index to 100
I'm getting ready for a nice show BTCI expect to visit layers around 12k -> 11k, maybe even slightly lower in a panic and maybe we will stop somewhere on the trendline around 6700 =D so I hope I'm wrong as always
BTC/SPXBeautiful outperform of stocks - BTC recovered big time - Based on what I see on BTC happening next - I expect it to go retest this strong resistance (marked on the chart) before going down lower. It's crypto time for now, NEW YEAR's euphoria kicked in.
this could be the bottombtc have bounce of 3 support at the perfect area to join confluence
1) btc held the 16300 horizontal support that was in the area of the 2017 all time high
2) it has also hit the trendline that started from around 30k to 15k
3) btc macro trenline was a major support that started from 2017 to 2022 and if u look at my chart analysis i have marked the area where btc has bounce and it has bounce at the best place possible right in between all 3 support line.
4)also my tdi indicator has broken its trendline and shows bullish divergence also strong volumn indicating to buy
do take into account the dxy is coming near to a major support i believe more important than the previous support.
BTC will go to the bottom, how much and what is your idea? What do you think about this EMA 50 and 200 constellation? in BTC weekly chart ?
opinions?
thanks for the info and have a nice day
BTC potentially offering us a trend continuation buy trade BTC has broken through a key resistance area and now looks to be offering a pullback into a nice area of support. We can enter long IF we get a confirmation of a return to trend move.
Jee, havent seen this chart pattern before...Oh wait I have. It is a double top low volume and bearish divergence.
Coinbase will outperform bitcoin for the foreseeable future.
BTC marketcap -20% coming 246B next support lost 2018 marketcapNot financial advice.
This is a weekly chart so it's not overnight but more like 3-6 months in total.
Patience will pay off
Essentially we have lost the 2018 top marketcap for BTC.
And the next support is 246B
This would be the target I'd aim for .
Also lines up with analysis of total marketcap coming back to 500 Billion which I will share and also lines up with BTC dominance chart which I will also post.
When we hit 246B Bitcoin will encompass roughly a 46-48% Market share or BTC Dominance.
Again do your own research
Always practice patience
#PIK
Patience is Key
#TLAW
Think Like A Whale
BTC \ [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[
BTC/VIX - this would be a very solid bottomThis would be a very solid bottom - if VIX popped up and BTC felt to it's major weekly support - it would create a wick on this supporting line and the bounce would be major. Expecting this to happen before buying into crypto.
BTC Analysis I'll cover fibonacci, volume range, general trend, macro correlation coefficient and MA analyses.
This spread graph pins BTC against safe heaven assets, which include: Commodities (SP:SPGSCI), the U.S dollar (DXY/M2SL) and U.S Bonds (1/(TVC:US03Y+TVC:US02Y+TVC:US05Y+TVC:US10Y+TVC:US30Y)+1). Given representation of BTC's price accounts for various allocations of investors' capital to evaluate it's true intrinsic value. This favors accurate measurements.
Fib Analysis
The significant accuracy of demonstrated Fib levels confirm their precision. Current price level appears to be weakly breaking out of its fib resistance.
General Trend
Monthly:
Weekly:
BTC seems to be breaking out of the green parallel channel. In line with current economic conditions BTC's price is trading at it's lower price range.
CC & MA Ribbon
Pane above illustrates BTC's correlation coefficient with those safe heaven assets. A peak in their relationship implies a climax in BTC's short-term trend with those assets; acting as an RSI.
Volume Profile
This indicator is extremely useful, however difficult to use in long-term analysis. Through utilizing the ''free fall'' parallel channel(pink) and the indicator, evident resistance/support line intersections may be useful for evaluation.
Conclusion
Returning to the main graph, having had considered all these points, I presented an opinionated path of my prediction for BTC.
^ leave comments, questions and etc ^
I'll always reply ASAP
BTC/SPX - bearflagBearflag playing out and about the break to the downside - expecting a retest of last low or even break to the lower strong support.
Altcoins time to shine!Could we get a reversal soon on the BTC dominance?
ALTS could be getting their pump vs BTC soon!
