after good jump from 53.76%, we faced our big resistance which percent is 56.09% then we saw a good correction from what we bounced . here we are again at that strong support line which is 53.76% we have two scenario for future: 1.we break down that support line(53.76%) which can cause our btc dominance weakness 2. we break up that yellow range and start another...
This chart Total 3 minus the 3 biggest stablecoins OVER the price of #Bitcoin If this number is going up so are your #altcoins We have a clear double bottom forming just a matter of clearing the neckline to confirm. Also interesting to note how the 0.786 Fibonacci was front-run by eager investors looking for Risk assets.
As you can see BTC.D making huge divergence, and Bitcoin's volume going down bit by bit. Doesn't mean that Bitcoin gonna go down right away, maybe it is time to BTC to cool down a bit. 47% is reasonable target, but could go down till 43%. Longer it goes down better for Altcoin and Alt-season. Will do update on some of the altcoin.
BTC.D - KEY LEVELS FOR THE NEXT ALT SEASON (MAY 2024) When can we expect the next Alt season? It's been a long time since the last one. For a potential Alt season to occur, we need to break through the critical 54% level. If that doesn't happen, then the 58% level has the potential to trigger this scenario.
- This graph is purely based on fibonacci law. - 61.8% is the core of the system ( check rectangles in graph to get it ) - Most of long term traders not even look at the price. - they just wait the good time to buy using Fibo. - in 2016 BTC was almost 100%. Altcoins were inexistant. (less than 2% of the market with ETH) - in 2021 BTC Dominance pushed to 75%...
Hello friends, I hope you're all doing well. The altcoin party is closer to us than the jugular vein.. The Rising Wedge Bearish pattern has broken downward. TOTAL3 has also broken through its current resistance and pulled back.
CRYPTOCAP:BTC.D chart is testing the trend line. I'm not sure whether BTC dominance will rise after crossing the trend line, but it's a good time to take a look. Let's see what happens!
BTC Dominance has been rising since the end of 2022. That's about 1.5 year. We can find a similar pattern from Jan 2018 - Sep 2019 (little over 1.5 year), BTC dominance had dropped from Sep 2019 - May 2021 (about 1.5 year) I drew the expected BTC dominance for next 1 year (white line) Let's see the result after a year.
Bitcoin Dominance is pulling back towards 50MA resistance on daily, seems likely to get rejected next. ⚡️⚡️ #BTCDOM/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 6.0% Current Price: 2374.2 Entry Targets: 1) 2411.5 Take-Profit Targets: 1) 2010.3 Stop Targets: 1) 2612.6 Published By: @Zblaba ...
If daily price closes in the orange channel and continues to range around the roof in the mentioned channel, it might be a good opportunity for a short position. I'm still long, BUT am waiting for some more confirmations in the solbtc and btc.D charts.
BTC Dominance (BTC.D) is currently testing a crucial monthly support line from the end of 2022. A break below this level could signal a significant trend reversal, favoring altcoins and potentially marking the start of an altseason. Key Points: Critical Support Test: BTC.D is at a key monthly support line from late 2022. Historical Context: The last significant...
There are no surprises with the U.S. dollar, vix, gold, precious metals, commodities, and stocks. Everything is right on track. We are nearing our SPY blow-off top target of 570-600, but we have some time to hit that before the U.S. election charades and the future recession. We'll review these things and then focus on what price action will look like in the...
The party is about to start in ALTs..There might be a little more pain. Even Some ALTS will Bounce in discovery mode.
BTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if...
USDT DOMINANCE ANALYSIS USDT.D is descending following a retest below the rising wedge. It's also breaking through the MA 50, with a candle close below it confirming a bearish sentiment. Notably, a bearish USDTD trend often indicates bullish momentum for the broader crypto market due to their inverse relationship. I have tried to bring the best possible results...
What is Bitcoin Dominance? Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that Bitcoin represents. It's a metric that shows how big Bitcoin is compared to all other cryptocurrencies combined. How Does Bitcoin Dominance Affect Altcoins? Generally, there's an inverse relationship. When Bitcoin dominance rises,...
✅ Bitcoin Dominance, BTC, Altcoins ✅ Today we're diving into the fascinating world of money rotation within the cryptocurrency subclasses. We're talking about the rotation of cash between Bitcoin and altcoins, its younger, more diverse siblings. Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency...