Previously we saw breakouts on this 'altcoin dominance' chart meant alts ran pretty damn well against BTC E.g. DeFi summer 2020 where any coin with finance in its name would 10x E.g. new year ape szn where 80% of coins 5x I think the second example is not done yet though Market just saw a massive correction in alts again and if this 1W candle holds the breakout...
Is it only me that see the H&S pattern in BTC dominance (weekly chart) ? Of course NOT , but we are sitting in the neckline which has been very strong support for a long time (almost 940 days) , if we see a breakout from downside (breakdown) it would be amazing for ALTs and probably a strong ALT SEASON What you think about Bitcoin dominance and my analysis ?...
I´m not sure if we´re really in up trend or we´ll go back under last top. We´have to wait few hours... Be careful. A lot of BTC going out of the exchanges. Looks like BTC bullish week... Have a nice day guys. LbL_CZ
Both the USD and BTC pair have had massive moves, flat top breakout and retest against the dollar Here trendline and consolidation range break - aiming to pick up on retracements and hopefully the run continues! 4240 sats will be quite strong so expecting rejection there into my bids, lets see!
! Not financial advice but someone sharing his trading diary! Another channel in Cryptoland. Entry: - Wait for a retest of the bottom to buy and hold - Ladder in a possible liquidity hunt - TP1 : Midline - TP2: Upperline - TP3: 1.618 local Fib extension - Invalidation: 0.5% below local lower Wick. Risk: 1%
this is how we sell from taking the best entries after negative retest + sfp from btc dom chart
Back to business as usual BTCD down and everything down. BTCD up everything up but BTC up much better % wise. Same song been playing for past 6 months. I assume things remain the same until the H&S pattern finally plays out. That right shoulder I drew should be the push to $75-$82k then alt season IMO
CRUCIAL NEXT 2 Hours!!!!!! As we can see Bitcoin is forming this bullish graph, and BTC dominance rised above 62.5, which is bad sign for altcoins. Looking at the graph next stop for btc dominance is around 68%🤯. That could possibly bring bitcoin all the way to $100,000, but after that prepare yourself for huge altcoin season. FOLLOW FOR DAILY PREDICTIONS!!!!
many altcoins are sleeping for many days in btc pair thats the reason we are halted for those to catch up . Then we will move higher. The impulse wave might start after that move. Lets see hope for the best. If the support helds, then the market would be ready to move higher.
OMG / BTC monthly chart is super wrecked, I put some bids at $3.70. If we get a proper alt season & all the alts that are lagging play catch up with BTC then OMG will inevitably hit the 3.618 fib extension
LINK / BTC breaking down, my bids are at $24.51 let's see if that gets filled and also hopefully the dump ends there. ;)
We could see something like this if SEC case turns positive or something changes. I hold some XRP just incase this coin decides to finally play catch up to ETH & BTC
Here, I am using the logarithmic indicator which has actually provided good SR levels for price movement We bounced from it almost to the dollar earlier today and the last bull run was capped by it perfectly If this week closes below last weeks close of $57600 we confirm weekly bearish divergence on the RSI I believe that could take us back to 40K to completely...
Ethereum has been performing very well for four (4) weeks. With $2k having been cracked I expect Ethereum will take another breather next week and retrace. Have a look at the possible downward trend scenario to about $1.400k over the next weeks. The fib retracements match very nicely the possible landing zones. The 0.618 retracement is a perfect 30% retracement...
QTUM looks like a good buy from here. Dump looks to be slowing down right at where the other sits, right above the 100 ma. It looks like it will start making its way toward the neck line. Here’s to some hopium. *** NOT FINANCIAL ADVISE
Hello dear friends. Yesterday, on our channel, I gave a good coin for consideration, paired with BTC. Today + 50% profit. I will fix partially by 25%, the rest is stop loss at breakeven. My personal opinion is that this coin will continue to give good profits, so if you decide to follow this, observe your risk management and buy on pullbacks from strong...
Here's a comparison of bitcoin dominance, bitcoin, and market cap (exclude bitcoin). Few things to note : For altcoins to rise rapidly, wait until BTC.D to decline Selling some of your altcoins now is like selling BTC when it was USD20k The time will come * not a buy/sell call, just sharing an observation