In the dynamic world of cryptocurrencies, we are constantly monitoring market trends and looking for cues to predict future price movements. One such trend that has caught my attention is the Bitcoin dominance trading range (as I've discussed many times previously), which has been oscillating between 40% and 48% since May 2021 (almost 2 years). As the market...
The Bitcoin Dominance chart is currently showing a trading value of 43.30%. Our analysis, as previously stated, has indicated that this scenario would unfold. The weekly chart for Bitcoin Dominance continues to exhibit a bullish trend and we can expect to see an upward movement towards the levels of 50% to 58%. In this scenario, it is likely that alternative...
İs subject to a stretch between support and resistance on the Bitcoin Dominance charts. These structures usually break down ⬇️ 🤲🤲 Let's follow this closely.
I am trying to analyse the BTC dominance chart (with stablecoins) to see if there is any patterns we can notice from previous bull or bear markets. The idea is this Is there a pattern to the % of bitcoin dominance at the bull cycle high to one at the low? We understand that every year multiple shitcoins come to life. This increases the entire market cap...
At some point alts will popup like mushrooms after the rain - and it will most likely happen when BTC bottoms at 13,8 area and will head to 20-22k - then alts will go crazy and this chart shows it. Good luck !
#Bitcoin Dominance Chart:- $BTC Dominance currently trading at 40% Level. Very Close to Altcoins Top in BTC Pairs. So Guys Ready to Exit Altcoins in BTC pairs. Soon Big Dump coming in Altcoins so Open any trade with Proper risk Management. I am expecting Dominance bounce from 38%-40% Level. And Next Resistance is 50% Level mean if Hit 50% Dominance Level then...
It looks like it wants to. We are now in a bearish flag (consolidating) and showing strength for more downside - target shown on the chart - very possible bottom of bear market and a start of the new leg up for next years
BTC.d is in a downtrend but pausing furthing continuation in a bear flag. Most likely a test of the upper downtrend line will be next And then? A) Break the bear flag to the downside, expect immediate drop to channel bottom around 37% or even a break down of the downtrend causing acceleration. Pushing massive liquidity to altcoins, could cause an altseason for...
It looks like the breakout has lead to consolidation around resistance - forming lows into a curve - this only leads me to think BTC could still go up but soon later will break down - possibly allowing ALTS to pump a bit. Keep monitoring this - for now bullish.
IT already broke the wedge, we are waiting for BTC to get out of this consolidation so we get the long awaited small bull run of hope, before the final countdown. Want me to analyze another asset ? DM me or comment your suggestion.
One would ask if bitcoin is already dead when looking at the data in this chart. Lets analyze and take a look at the take aways We can see ever since the beginning the btc.d has been in a decline and after a very burtal wave 3 down in 2017/2018 it has been correcting until late 2020 from where it started the next impulse down. having completed waves 1-4...
Bitcoin Dominance just printed a reversal pattern with a shooting star on top, seems ready for a correction. www.binance.com
#Bitcoin Dominance Chart Update:- BTC Dominance currently trading at 44.33% And this area is Perfect Retest Area. So Now I am expecting Upward move toward 50% Dominance Level. So If Bounce and Go toward 50% then Altcoins will be bearish and One More Bloodbath can expect. So If Dominance Above 43.50% then Not good For Altcoins. But One more thing I am tracking...
I drew this chart 1st of May 2022 and suggested that it was signaling an Altcoinseason. After the dominance had broken out of the bearish triangle to the upside I thought I WAS WRONG. However, after a strong reversal the Bitcoin Dominance has fallen back inside the triangle today and is FALLING LIKE A STONE !!! Will be really interesting to see how this further...
Bitcoin Dominance Index looks locally topped and about to reverse mid-term, let's give it another try! Current Price= 1517.1 Sell Entry= 1517.1 - 1572.5 Take Profit= 1411.7 | 1311.6 | 1211.1 Stop Loss= 1656.1 Risk/Reward= 1:1.2 | 1:2.1 | 1:3 Expected Profit= +17.24% | +30.20% | +43.20% Possible Loss= -14.40% Fib. Retracement= 0.236 | 0.382 | 0.559 Margin...
📈Bitcoin's dominance has grown to 45%, while most altcoins have fallen by 75-90% from their ATH. One Luna🌔 lost $18 billion in capitalization. Why do we need this dominance and how it helps to increase the win rate? I'll explain it in this idea. 💼What is dominance? Bitcoin dominance is the ratio of the capitalization of the major cryptocurrency ( BTC ) to the...
The answer can be found from Domains Teter and Bitcoin, Interesting position this is a long-term suffering in the middle of the year market is now between 28,000 and 31500 is good to play so play Maintenance will have nothing for you
Leading and following a bear market the dominance of bitcoin in the market increases. What this means is that ALTCOINS are bleeding more and being liquidated into bitcoin, stable coins or cash. During the peak of the 2017 cycle the dominance of BTC reached 35% and reached 40% this 2021 cycle. The similarities in these two data points can suggest a pathway for...