CRYPTOCAP:BTC.D 1W chart;
Bitcoin Dominance has been moving horizontally at the same level for 3 weeks.
Let's not forget that the chart is weekly.
Although I think it will most likely return from the 58.25% level , I also stated that it may be better to go down after at least testing the 62.52% level above. The reason is that this will be very useful in the...
There's a falling wedge with a failed breakdown on the 3 day chart. That failed breakdown highly increases the likelihood of a successful breakout. RSI has been diverging from price, and that divergence recently strengthened.
Bitcoin dominance recently bounced from the top of an expanding wedge and looks like it wants to head down, finally making its new...
1,2,3 down
Mostly all contained within the downward channel
If this is the scenario that plays out, alt coins will be massive !
Below is an idea "super alt season" check it out, very similar to this one
Bitcoin Dominance approaching key resistance area, let's see the reaction and I am hoping it to get rejected on this area and ALT might get some bounce!
Falling in stages 1 then 2
It can be observed that this was the case in the first alt season
A larger alt season is yet to be uncovered
The Super Alt-Season
If we are going to see further downsides on Bitcoin dominance, these are the likely points of descent price will reach
Yellow - Extra Alt Season
Red - Super Alt Season
I believe we will see similar recovery patterns comparable to 2018 peak altszn
Price in red circles shows Fib circle strength (price tends to move along the circle)
The last major support is broken and BTC dominance is tanking at rates not seen since last bull run - highly unlikely we will go down all the way in a straight line so expect some sort of bounce, as to where that will be is hard to tell as there is basically 0 support until 35% so it will rely entirely on the natural market movements.
Getting to the lower part of...
Its the time for altcoins!
Some mention 'The flippening'
If there is a time to do it, it would be now or soon
Bitcoin dominance will breakout downwards of formation
I found an indicator called "Pi Cycles" aswell, applied this to BTC and suggests a top is near
In the past this indicator seems quite reliable
Lets see what happens
Hi guys..its the latest analyze chart of #BTC.D in 4H time frame .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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ETH is in an ascending broadening wedge
BTC.D is at the top of a descending broadening wedge
As a major altcoin I expect ETH to move in the opposite direction of BTC.D
Ultimately however my belief is that ETH will be carried to the top by bitcoin
It's either that or a flippening, and chaos would ensue if that occurred, unneeded chaos..
Hi guys..its the latest analyze chart of #BTC.D in 1H time frame(.if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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Hi guys..its the latest analyze chart of BTC.D in 1 H timeframe(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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A dump idea for BTC down to spiral trend of the 100 - 95% move
A breakdown of the Broadening Wedge that has formed
Ethereum dominance looks very bullish , i dont know what else to say
Another scenario for bitcoin dominance linked, a less grim one.
My guess is the move coming is going to be massive compared to the low volatility we have seen recently
Personally i am bullish on BTC dominance I don't think Alt coins are ready to flourish in their current state and will see some 'coin killing' based on the maturity in comparison to the dot com bubble.
This is a very interesting intersection for TA.
