BTC dominance about to break down on 2 wk Can't break overhead resistance 7 wicks prove. Those are mostly strong wicks too. 1, 2,3,5 tall upside wicks prove resistance strong bearish engulfing on candle 4 bearish shooting star pattern forming at candle 7 Choose wisely on your alt portfolio
BTC DOMINANCE is in a grey zone area. It recently broken out of the trendline. It is also forming a bull flag but that might be invalidated of we retrace further. If the bull flag is validated, then dominance should try to break the next upward resistance. BTC Dominance is not sitting on the 50 day moving average. Will it hold? If the retracement continues,...
When the trend line breaks, altcoins will moon. 10,20-50x's. Some of the catalysts will be the Ethereum ETF, NVIDIA/AI updates. I project that AI will be the leading narrative for this bull run and the majority of the money will be made in November 2024 to May 2025
My opinion is that the alt season will be very powerful like in 2017. But it will be so sudden. That no one will understand at first what happened. Why do I think so? I believe that Bitcoin will not grow any more. But in order for there to be fomo on the market, it is necessary to make people buy and buy again. It is necessary for big money. There are more details...
The price is forming a neutral triangle, the upward movement is expected to continue until the level of 56.50
📉 #Bitcoin dominance holding steady on the trend line. 📈 Once broken, expect a potential altcoin pump! 🚀 Keep a close watch for market shifts. 💡 #CryptoMarket #AltSeasonIncoming
The uncertainty lies in how the price will respond, as historical halving have seen varied reactions. Often, the price has dropped, but sometimes this decline occurred several months prior to the event. Currently, the price is testing monthly support levels. Technically, there is limited potential for downward movement, given the heightened demand due to ETF...
A massive rising wedge is forming on the weekly chart for BTC.D. Prepare for altseason...?! Thoughts?
Hello everyone, welcome to the article! I'm Cryptorphic, and since 2018, I've been accurately predicting BTC Bottoms and Altseasons. I'm eager to see if we can do it again this time! Those who've been with me for a while know this isn't about boasting, but rather about getting your attention on the right track. By the time you finish reading this article, you'll...
This is not a trade or a signal, but rather some sweet, sweet hindsight to give some perspective on where we are at. Bitcoin Dominance is obviously Bitcoin’s share of the entire market place. When it is rising, that means that you would generally rather be in Bitcoin than altcoins (select altcoins usually outperform regardless), and when it is dropping you want to...
For anyone interested in crypto tokens that are not Bitcoin or Ethereum, you’ll want to give this post your full attention! The above 10 day chart is very important for anyone speculating on alt tokens. The highlights: 1) Bitcoin dominance support and RSI support have broken market structure. That’s not my opinion, it is a fact of the chart. 2) Significant...
History of TOTAL2 and BTC. Looks like short-term bullish trend on BTC.D to 55-56. May correlate with rise in BTC price followed by a retracement and ALT season. What do you guys think?
#BTC.D (Market Cap Btc Dominance) Update BTC.D is getting a Good rejection from this fib level 0.5 to 0.6 . Here we can sea good drop here. In results of this drop we can see big pumps in Alts Coins.✍ If BTC dominance falls, and: the price of BTC is falling, so the entire market for digital assets is going down. the price of BTC is moving sideways, it means...
Bitcoin down 5% today but Bitcoin Dominance has suddenly printed the largest dump candle for a while. That means that the altcoin market is on a bounce. The best altcoins will be printing bullish hammer candles right now (I think). This chart doesn't prove that any coin will bounce and there are plenty of losing coins right now. Not advice
Ok, probably standard accumulation, see schema. Wyckoff accumulation schema. IMO I would be patient.
I think we are close to an alt season, seems like this is the top, what do you think?
Ethereum getting stronger in recent weeks. Might attribute some to cooling off of Bitcoin Dominance after US and China Bitcoin ETF launches. Might also factor in some hope of US ETH ETF. Could hint at a larger Ethereum move in coming month(s) once Bitcoin settles down.
Looking at the 1W time frame of the Bitcoin Dominance (BTC.D) chart, it looks like it's time for the market to transition from being primarily Bitcoin-dominated to altcoin-dominated. We've seen the writing on the wall with Bitcoin making headline after headline regarding United States Spot ETFs or the halving event. Now that the majority of investors are sucked...