BTC dominance (or that of any other altcoin) is nothing more than the portion of BTC's market cap versus the total market cap of the cryptocurrency market. While the value of a token depends on the total number of tokens, dominance only depends on two factors: the liquidity of the token and the total liquidity. But why is dominance an important parameter? Because...
The flatexDegiro stock has a history from November '16 until now and is in an uptrend, following a diagonal line that has been providing support during the price corrections over time. The first uptrend cycle occurred between December '16 and May '18. The price rose by 176% from the minimum and reached the algorithmic level 1.62. The subsequent...
Tesla is in an uptrend from a macro perspective, following a diagonal line that has served as support several times in the past. The stock has exhibited relatively regular price action between accumulation, expansion, and distribution: 1- The first accumulation period ranged between $0.9987 and $2.66 and lasted 834 days. This was followed by an expansion period...
The Bitcoin hit the all-time high, immediately correcting as it did so. There was a flash crash which, in the dollar pair, led to a retracement of ~14%. However, the price found strong support at an daily imbalance with confluence at the 0.5 retracement level, and ended the day closing with a "mere" drop of ~6.66%. This was on the daily time frame. The price...
According to the smart money concept theory, above a higher high there is a lot of liquidity which, when "cleared out," has consequences on the price. In the case of Bitcoin, the level of ~69180 was the ATH, and therefore, when the price reached there, an explosive downward reaction would be expected. Regardless of the magnitude of the drop, it is normal for the...
Considering the Smart Money Concept theory and one of its most well-known models, the Market Maker (Buy/Sell) Model, the price through an oval structure initially creates liquidity through accumulation/expansion until reversing the trend. When it does so, the objective will be to tap into the counter liquidity created earlier. Hence, the objective in this model is...
How much will dominance rise simultaneously with the BTC/USD pair? Historically, the primary influencing factor on BTC price is the strength of the dollar. However, dominance seems to be more influenced by interest rates, which in a way define whether we are in a risk-on or risk-off environment. Contrary to the beginning of the last bullish cycle, dominance is...
Comparative chart of BTC value in USD (turquoise), hashrate (yellow), total value in USD withdrawn from BTC mining pools (blue), and value in BTC units withdrawn from BTC pools (orange). The dashed red lines mark the dates of the halvings. Although miners are withdrawing historically high amounts from mining pools (in $), the quantity in BTC is still not...
A flatex degiro follows an upward trend, with a oblique trendline that has served as support for it twice, in October 2018 and in October 2022. In the steepest declines it experienced, it corrected in both instances to the algorithmic level of 0.79, both with the confluence of an order block on the 3-month timeframe: The price, since it made the recent...
A comparison chart between BTC price and USDT.D. Every time BTC rallys up we see a drop in USDT.D dominance. This chart shows the correlation between this two events. For the first time since the 18 blow off top drop, we watch USDT.D dominance break down the long time support.
Possible reversal zone and eventual target of the sum of BTC and ETH dominance, taking into account past cycles. Considering that there are increasingly more projects and that projects from previous cycles like Solana have been gaining more market share, it is assumed that the dominance of BTC and ETH will not surpass the peak of the previous cycle (as occurred...
Historical data comparison between BTC cycles. From genesis block creation to today.