Hello my friends!
Why should I invest in Altcoins at all? That only makes sense if Altcoins performs better than BTC. The chart shows the inverted BTC dominance. At 50%, the market capitalization of BTC is balanced against all Altcoins. Currently, BTC is at a level of 64%. This means that 64% of the total market falls to BTC, the remaining 36% is divided between...
- We can clearly see 2 bearish patterns on the BTC.D chart
- Head and Shoulders with target around 66
- Bearish descending triangle with target around 63
- Wait for breakout below 68 to confirm both of these patterns
- If these 2 patterns breakdown = ALT SEASON!
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The last Bitcoin Dominance analysis was really accurate. Now we broke down our triangle and heading towards 65.
I expect it to speed up minor alt party. Below the main support red box, we have two support lines as well.
In case of a reach on these levels. We hope to see good days for altcoins.
No analysis needed. Just a random pump that lasts all of 15 or so minutes to the peak and then dump. At this point...they are, for the most part a joke from a long-term perspective.
More than likely I will be setting some sell orders to grab as many ETH or BTC possible should BTC dominance shift down for a bearish phase. Not advising anyone on what to do, but...I...
We failed to touch the top of our rising wedge around 74.2%
On the weekly looking like we will come down to retest our break out around 66%. From there I’m thinking it may head up once more to finish the top touch of the rising wedge around 74%.
After that, the real alt season may start.
Bitcoin dominance touched 70.5% and rejected from there. On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on. The B wave is completed with a 70.5% high and now we started the C wave. 67.5% level is the next support zone for Bitcoin Dominance and after that, we see a quick fall in dominance. The...
Observing the Altcoin market over the last few weeks, we see lots of strength coming into the alts. We've seen several signs that Bitcoin Dominance is ready to pull back. However, will we see a pull-back OR a crash? The Dominance chart broke out of the bullish descending broadening wedge pattern, but now we see rejection from the historical resistance level of...
The blue trendline speaks for itself, we are facing strong resistance at 72.40.
It is unlikely to see Bitcoin dominance above that area, but if that happens you should consider selling all of your ALTs as they will be shitcoin soon after.
So the invalidation for ALT season is breaking above 72.40.
BUT HOW FAR WE CAN GO DOWN WITH BTC.D ?!
- The most crucial...
I think I found some interesting data from Dominance and ETH/BTC price action.
I was compering and watching for Bitcoin Dominance once again . We are right now on same levels we have seen in 4th of December 2017 and 2nd of September 2018 . Like we can see from the comparison these both times ETH/BTC has been on bottom. 31 of August 2020 there...
Looking at the 1W timeframe of the Bitcoin Dominance Ratio (BTC.D) is slowly re-approaching it's previous all time high. This means that right now BItcoin's market cap is about 70% of the entire crypto market cap and still rising.
Since the altcoin season at the end of 2017, the Dominance ratio has been gaining and doubled from 35% to 70%. From here on the next...
I did make an update from this same resistance line and EMA 200 before and it did work as an resistance. I believe I did say in that that usually the 5th or sixth time breaks the resistance. This is not of course an certainty but what I have seen it often works like this. Anyways the rule goes that the more times support or resistance is hit the weaker...
The Bitcoin dominance it's crash today and we see that the price it's goes down toward the 64%. So, we were into this bullish rising wedge, but unfortunately Bitcoin dominance was down and we can to see a little altseason movement.
Now, in weekly timeframe, we see that BItcoin it's leading down toward the 64%, another...
Şu anda bir alt sezonu yaşıyoruz aslında. Lakin sanırım eski al sezonlardaki gibi bütün alt coinler katılamıyor.
Piyasanın bize söylediği şey şu; u anda iyi giden coinlerden beklentiler iyi, bunları tutuarsanız daha iyi getiri elde edersinz
Bitcoin Dominance was lately really high reaching out to the 73.5 levels.
Even though some altcoins perform really nice against USD in Bitcoin's bull run the market expects an altseason to make a profit also against BTC parity.
Below 67.22 might bring some positive movement to the alt market.