Bitcoin Dominance just printed a reversal pattern with a shooting star on top, seems ready for a correction. www.binance.com
to be clear, THIS IS NOT A BTC.D PREDICTION, this is just explaining btc.d and will be linked to one of my previous posts, whose description uses btc.d as evidence for times provided, see linked post
Bitcoin dominance price at resistance and this might give altcoins a relief rally.. a much needed relief rally to say the east as the market has taken such a beating. Nasdaq has risen today, bitcoin hasn't, alts are doing better but a much bigegr correction could be next.. Let's see how this weekend plays out. One Love, the FXPROFESSOR
#BTCD Bitcoin Dominance reached almost long term resistance and rejected. 🐻 it can drop to support zone around 43%, which is a bullish sign for #BTC and #ALTs break down from 42.5% can drop it more to long term support zone and descending support, that give us great opportunity to make profit from #ALTCOINS. 🐮 if bitcoin dominance reject from support of 43% it...
BTC.D what im seeing here simple dom/price action comparison here. this should follow the same long dump pattern it did last time imo, as thats how they reshuffle capital around to drain alts and your bags to reinflate btc when its time. interesting stuff, lets see how this plays out.
I yelled at everyone Jan 2021 that we're about to have an altseason and I'm seeing the same again hard as it is to believe. Ignore the news and sentiment and follow the charts. It's the part of the cycle where everyone hates on alts and says BTC is the only thing to hold, that's where you want to buy/hold through it. Pretty sure things are about to get exciting.
Just a case study that I wanted to share with you guys like and leave a comment if you enjoy it and find it useful XOXO first let me introduce you to this chart: BTC.D keeping it simple, BTC.D or Bitcoin Dominance shows you what percentage of the whole crypto marketcap is allocated to Bitcoin. when the numbers on this chart are high, it shows you that the ALT...
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...
BTC.D (Bitcoin Dominance) still needs to complete its "mirror image" back from December... Currently, prices are trading safely above EMA10 and EMA50, long-term/weekly... This signal is strong enough. We have multiple candles of bullish consolidation (green above EMA10) and the RSI is also super strong. The signals are also bullish on this chart. We wait and...
Hello guys, this is the BTC dominance update in 2 days timeframe. Things are taking quite an interesting turn in the market. I am not completely sure yet but comparing the BTC dominance with Bitcoin and other altcoins, looks like some big move is about to come. Let's compare the dominance and BTC chart side-by-side. Bitcoin: In my recent BTC update, BTC is...
We have a strong buy signal on the RENKO BTC.D index chart. We can the last green brick closed above EMA10. Supporter by really high volume. A higher compared to February... There is room for Bitcoin Dominance to go up. Namaste.
The Bitcoin Dominance Index (BTC.D) has gone bullish on the weekly timeframe. We can see it growing above EMA50, which is a very strong signal. We can also appreciate an RSI above 60 which is also really strong as this is the weekly timeframe. Looking at the big trading channel above, it looks like Bitcoin Dominance is preparing from a strong price JUMP! Namaste.
💎"The BTCDOM Index provides insights into the market and can be used as a tool to speculate on Bitcoin’s relative strength against altcoins. Essentially, the index measures the demand for Bitcoin relative to altcoins. When altcoins gain market share relative to Bitcoin, the BTCDOM index loses value. Conversely, when Bitcoin gains market share relative to altcoins,...
We can see that BTC.D (Bitcoin Dominance) managed to break and close above EMA300 (grey line). We have higher highs and higher lows since mid-January... The RSI is strong. All these 3 are bullish signals. This is not financial advice. Thanks a lot for your amazing and continued support. Peace, Money & Love 4 You! Namaste.
Bitcoin struggling to break over and head towards the 34,000 Resistance: 30900 would be the level we could dare to increase our Long positions whereas 28,600 looks like a more probable scenario. At the same time, BTC Dominance is finally under resistance again and this calls to switch focus very fast to Altcoins: In any case, this will be very interesting...
Bitcoin Dominance is the key chart and it can be as tricky as it gets... We see MAJOR Resistance right now at 45% and this is the second time it is put to the test. If it breaks higher then BAD news for Altcoins (not necessarily for Bitcoin). If again it gets rejected and eases lower towards 42% or lower then Great news for Altcoins. On the chart you can see...
#BTCD Bitcoin Dominance broke out weekly descending resistance and confirmed it as support. last week candle was a bullish master candle and probably it will drip to half of that candle for pullback that make an opportunity for BTC to rise to $34k. and after that BTC.D can increase to long term support around 50% that will cause more drop in BTC price.
Finally some good news from this chart as Bitcoin dominance is at resistance and ALT coins are rising. We said it yesterday that the market has good chances to recover now and it is happening: Buy when there is 'blood on the streets' but remember to Buy with a plan. We told you : ' CRASH CREATES OPPORTUNITY''' and it did create opportunity. Here you go for...