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...
I think Altcoins should be avoided for a while Bitcoin dominance is bullish It is better to just invest in bitcoin Altcoins will have a chance to enter later
Taking a look back at our Bitcoin dominance hidden bearish divergence things are starting to play out just like we would want, this strong pattern indicates a continuation in trend and we are clearly in a strong downtrend, this is very positive for altcoins especially as dominance falls Bitcoin will have less of a grip on the market and this can and usually...
Bitcoin 2021-2022 100k target is still intact. By december if the price dont break 60k then its over :)
#BTCD Bitcoin Dominance is still bullish to me. BTC.D broke out from upper line of triangle in 4h time frame. so I think it is going to touch the daily resistance zone in coming days or weeks.
#BTCD in my point of view Bitcoin Dominance will accumulate and a very slow upgoing to touch the weekly resistance line where it is cross the daily resistance zone. then will drop to break the long term support strongly.
Bitcoin Dominance is testing the trendline and bouncing from there. Bitcoin Dominance is still bullish and with BTC high volatility we see more blood in alts market. Dominance will go to 44% levels in the next couple of weeks. The major support is 40% and breaks below will lead to a good rally in altcoins. Market gainers are currently much bigger than...
- Be careful guys , down trend still not broken... - it has done like this before.. - It may go down harder in this.. - We still have big chance for Alt season on October fingers crossed.
Dominance is again moving higher, the market tried to shift its market structure. Now #BTC is dumping and #Bitcoin Dominance is also moving higher A high of 42.13% should be a sign of a fall in #BTC.D. Best Regards, Reda Souhail™
#BTCD Bitcoin Dominance in 1h time frame, rejected from middle line of parallel channel and now it seems to going to shape a butterfly pattern. for completing this pattern it should go up the touch the middle line again around 42 or 43.
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.
- This is my technical analysis for BTC.D - as you can see, we are currently breaking out of the descending channel. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
#BTCD Bitcoin dominance broke down from middle line of a parallel channel, and I think it has to fall more to touch the lower line. that help bitcoin touch the upper line of ascending parallel channel. also it is possible that BTC.D fall more to long term support zone again, and touch the long term descending support line. then start a rally, that may have cause...
Decided to analyze bitcoin dominance and the global altcoin picture. Bitcoin and altcoins have already corrected enough. Based on logic, now is a good time to buy assets at a discount. If you follow the DCA system, now is definitely a good time. But that doesn't mean that prices can't go lower. What do we have on the bitcoin dominance chart? If you look at this...
Looking at BTC.D on the hourly chart reveals a rising bearish wedge that started forming about a week ago. It broke down out of the wedge this morning and is forming some sort of pennant just below. I've seen a lot of TA pointing to A sharp and quick decline to 39k for BTC and I think that idea has merit. I see such a move potentially causing a back-test of the...
Bitcoins dominance has been running the opposite of the market while we see a rise here we have been seeing some very red days for the overall crypto market, that might be ending pretty soon, Bitcoins dominance is currently facing very heavy resistance at the S1 level after falling underneath, we have many many wicks from even years ago on this level and its been...
#BTCD Bitcoin dominance broke out from descending resistance line in daily time frame. so it will go up to touch long term descending resistance line(red line). after that it is more possible to fall down to support zone. but if it break out from the weekly line!! oh we should think about it then!!
Hi there, 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 ...