We are doing Analysis of BTCUSDT on weekly Timeframe.
Btc. Dominance Comparison to Altcoin Market Cap
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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The market dominance of Bitcoin is at a 2019 High having reached the 2018 Highs this week. With the RSI breaking over 70.000 it has completed a cup formation a relief consolidation is expected.
The alt market dominance is past its 2018 Lows approaching the 2017 levels. The equilibrium of the two market dominance markers is close to be achieved and since April...
All the crypto community are waiting for the Altcoin season. I officially declare the season has already started since the beginning of 2019
Since the beginning of 2019 until April
TRON - Support - High Engolfo.
TRX / BTC just touched your biggest support. We have a high, very powerful ENGOLFO candlestick Pattern. Every time we touched this support, we had a shot in PAR TRON / BTC.
The risk is worth it. Engolfo is a standard BULLISH.
Observing the DOMINANCE of the BTC, we have a possible DOUBLE TOP. We are very close to an "Alt...
Good day traders,
Someone on Twitter had a request in regard to BTC dominance so here is my analysis.
Previously, I counted the rise in BTC's dominance as a five wave structure but something just didn't felt right so I've changed my mind in regard to the count. But don't worry, the outcome is still the same:
We are near a turn
As you can see, I'm counting the...
After reaching $11,200 -- BTC needs to correct and alt coins need a chance to catch up.
I think the next 1 to 3 weeks will be a rapid bloom time for the alt market but it could all be over by the middle of July!
Regarding BTC, $11,100 represented the 3.618 Fibonacci advancement line, when measured from the bottom to the tip of the first wave. This...
I have been a trader for 13 years and I have traded through the financial crisis . I have been around the block , I have gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably .
I ALSO RUN A DISCORD GROUP OF VERY INTELLIGENT...
Here is a new possibility :
Seems like alts are lagging a bit behind BTC, but this is not a problem. See how nicely it is warming up to violently leave the bullish triangle.
At some point BTC will need to take a breather, and retrace. That means all the billions are moving somewhere, and a lot of that will be going into the altcoins.
BTC sure has shown...