CRYPTOCAP:BTC.D most likely will drop and we will enter altcoin season. Rising wedge spotted in weekly time frame, my first target is around 47-49% for a potential retest or short consolidation or maybe invalidation. The main target is around 39-40%, prepare for altcoin season.
Currently bitcoin dominance is moving upside towards weekly resistance . We might see a bull run in altcoins if it bounce back from weekly resistance
CRYPTOCAP:BTC.D Hello Traders, please check out my previous ideas. As indicated in the chart, Bitcoin Dominance can return to the yellow range, near the pitchfork midline. BTC.D can reach Bollinger-midline then starts its downward trend. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱👤Otherwise, make sure you leave comments...
In the heart of the crypto storm, BTC.D, the dominance index, has gracefully taken a step back, and astute investors are spotting a golden opportunity amidst the volatility. Recent market movements have seen BTC.D experiencing a short-term decline, sending ripples through the crypto community. But hey, wise investors know that every dip is a potential launching...
The way it looks is that Bitcoin Dominance yet again approached and rejected our Fibonacci resistance. If that resistance holds, we do expect a strong, yet potentially short altcoin season. But remember, not all coins will produce super gains, only a very small portion of them. In our private channel we have shared those that we believe could be those "gems"
Bitcoin Dominance may move down to daily support around ~48-49%. Confluence: It has failed to remain above 53.2%, which is the bottom of a resistance area Not pictured: it has also lost the 50 day SMA and is presently pushing on the 50 day EMA It has formed a smaller rising wedge as it moved into resistance and broke down from the bottom of that wedge...
The alt party was due to the dropping of Bitcoin Dominance, which we mentioned in the previous post. Now two factors are correcting altcoins 1- The rise of Bitcoin dominance. Until it reaches the red box, altcoins can correct 2- The opening of a new weekly/monthly/yearly candle Reduce the volume of your buy/long positions, until Bitcoin Dominance reaches the red zone
BITCOIN dominance calculation in the short term: BTC Cap. Forecast: 870B ETH Cap. Forecast: 360B TOTAL3 Forecast: 750B so TOTAL Forecast= 870B+360B+750B=1.98T ~ 2T so BTC dominance= 870/2000=43.5% @JalilRafiefard December 22, 2023
After more than a year of an upward trend in CRYPTOCAP:BTC.D , There is a chance for a gradual ascent toward the upper boundary of the ascending channel with the potential significant correction at the beginning of the new year for Bitcoin We might witness a breakthrough above the upper boundary of the channel towards the 0.618 Fibonacci level or the upper...
Nice head and shoulder's on the dominance chart Maxi's are not your friend Saylor was calling for 80% dominance just a very short while ago. And yet here we are heading back below 50 Wouldn't be surprised to see massive money rotate into #ETH on the news of the ETF approval. Merry Christmas and Happy Holidays.
An analysis of Bitcoin Dominance highlights a ranging scenario, potential reversal, and a key support level, providing insights for market participants. Key Observations: Current Bitcoin Dominance: Bitcoin Dominance is noted at 53.25%. Ranging Scenario: The analysis suggests a potential ranging scenario for Bitcoin Dominance. Potential Reversal: There's a...
hi everybody dominance in daily time frame is still ranging in that yellow static channel I drew before . after a fake break out from static channel it just hit the green bullish channel top and bounce down. I have indicated everything that happens before in my previous ideas you can check them all. now it's struggling with static channel ( yellow ) midline. ...
BTC.D is the dominance that bitcoins market cap is over all crypto market cap. It can be confusing, as BTC.D will increase when Bitcoin runs and the rest of the crypto market stays the same, As well as when there is fear and doubt in the market - people will run to safety - which will make people sell alt coins and buy bitcoin - making BTC.D increase even while...
First of all, pay attention to the time frame, The time frame is 12H It looks like this rising wave (big D) is a diametric with the remaining g wave. Expect to go up to two red lines to complete the g wave. When this wave is completed, we may see deep drops in Bitcoin Dominance. Because a large degree pattern may be completed and then we enter the large bearish...
Traders, Previously, you'll remember I noted where I thought we arrive on the BTC.D chart. What I did not expect is a break back above 53% resistance. Now, with Bitcoin breaking all kinds of levels, prices, and expectations, market focus is zoned in at Bitcoin. At some point though, I do expect that focus to shift back into the altcoin space and more altcoin...
As said in last week newsletter, BTC is developing in scenario 2 as expected. At this moment, an up move is expected soon For me, ETH and BNB are a high probability trades with break out seem to be likely (too bad mkt recovered in 24h after CZ news) I’ll buy in December according to my DCA plan (25% before ETF news / 25% after ETH / 25% before halving /...
🔅The Bitcoin Dominance chart is presenting signals of a potential trend reversal or, at the very least, a substantial pullback. The repeated failure to breach the supply zone on two consecutive occasions highlights the resilience of altcoins against Bitcoin. 🔅The current hold within the supply zone indicates a pivotal moment where the long-anticipated altcoin...
They said it was only used for money laundering... How did they know that? They now say it is like nothing else. What does this chart say to you? What will this chart say to you after the global financial systems Germany is talking about using Bitcoin as legal tender NOW. Imagine if 1/3 of their population picked up 0.1 Bitcoin... That would be 2.7 million...