People ask a lot about this chart, Bitcoin Dominance (BTC.D).
Currently, we have some bearish action developing even though it is early on.
We are used to reading early signals and this is pointing like a correction is about to show up.
Check my latest BTCUSD for more details.
Now, how far down can this one go?
We are looking at a correction but not a bear...
Bitcoin Dominance is bouncing and this is not good for Altcoins at all.
BTC.D was moving in a downtrend channel for about 50 days and I expect to see a breakout of that.
What will happen?
In the best case when BTC.D is going up if Bitcoin goes up too, Altcoins will fall with a low slope.
In the worst case when BTC.D is going up if ...
One of the most common questions I get when it comes to altcoins is, "should I trade or should i just buy and hold?"
For most people, buying and holding (or hodling) is often times the best answer.
It's less time intensive and you don't have to think about it too much.
The problem (and often asked question) is, "when should I start buying?"
For that, I would...
Bitcoin Dominance broke out from daily resistance zone (yellow zone), here is a descending resistance area that may reject dominance and cause more fall, but if it is going to break it out, next resistance area is so strong that will hold it below.
In this first video, I'm going to show you why we are 100% in a bull market and why altcoins are going parabolic in October and maybe early november.
- look at the overall structure of the charts
- look at the moving and exponential moving averages daily crossing
- look at the weekly charts
Also, I'm speaking about a new scenario when it comes to the...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick update on Bitcoin and USDT dominance. Here I will be showing a simple diagram of the whole Bitcoin dominance effect towards Bitcoin and Altcoins. It's quite simple and easy to understand.
As you see in the...
Two Scenarios here..
First one - We'll reject at 200MA on daily and finally we can start seeing rally in Alt coins.
Second one - If BTC Dumps to 51-52k quick then we'll see BTC's Dominance another leg up to the last resistance and likely rejection from there. In that case we would see alts dump for 20%-25% at least. Then we can APE in alts.
💎Technical Analysis Summary💎
-The Bitcoin Dominance value is retesting the EMA19 on the weekly timeframe
-If the recent history will repeat itself, we could expect rejection and retracement back to 40 level
-And during its downward movement, the altcoin space will experience good recoveries or upside rallies
-For now, we can see the BTC Dominance is...
-Stoch RSI Bull Divergence cross on weekly after September Correction
-Polynomial regression trend moving upwards ~53% dominance
-Q4 could bring the market cycle to where BTC takes the lead until 80k-100k, with certain alts going parabolic shortly after btc run (shib the new doge?)
-Though can't say for certain that we are in BTC season given an Altcoin...
I see two possible directions from here, green arrows up or red arrows down to same ATL or a new ATL and then green arrows up. Red arrows down gives us a short lived altseason (weeks), unless we get below 30s and then we could last a bit longer. Or, we get a double bottom right now and BTC starts to gain its dominance back quickly.
Btc.D needs to get rejected otherwise ALTs will keep bleeding but This means that every alt dip, for now, is an opportunity to load our bags for what’s about to come.
We are now less than 7% to retest our minor resistance that has been rejecting the Dominance for The past 145days.
Best Regards, iSmashProfit™
#USDT.D 4H Chart update
USDT.D has been moving in a downtrend on both HTF and LTF.
However, it currently broke out from the descending channel on LTF where it could be reaching 3.01% before moving down again. However, if it breaks through that level, we would be expecting a rejection from the 4h breaker else it would be breaking previous highs on HTF that could...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this important update on Bitcoin dominance. As you know when bitcoin dominance bouncing Alts dump hard especially in BTC pair.
In my previous update of bitcoin dominance, I clearly mention that dominance is going to bounce from 42 levels so book profit in your Alts....
China bans (once again) crypto activities, and only news outlets seem to care about it.
A positive reaction to bad news is one of the most bullish signals experienced investors wait for to assess the market's mood. You could argue that China's FUD is now almost no news anymore, but it can always represent a new opportunity for speculators to push the market...