BTC Dominance chart moving with in red channel of 58-78 , up on the rejection of upper triangle blue line the dominance can push back to 58 making giving alt-coins some opportunity to grow , and up on breaking the blue line of triangle and closing above 64 we can move toward target 1 and 2 which can make alt coins price drop like solid rock . best of luck
Anyone that bought the dip on Alts, very ballsy! Hat's off to you if it work out.
“All I want for Christmas is Bitcoin.” That seems to be the mantra we’re hearing from the institutional investors, who’ve been knocking the doors off the crypto markets in the past weeks. As we pointed out in late September, the ‘Bitcoin Dominance’ - the index that represents the weight of Bitcoin as a percentage of the total market capitalization of all...
Hello there ladies and gentlemen, BulloTaurus here with an important update for today . For the past months we had an amazing bull run so far! Bitcoin broke all previous resistances like there were none of them! We still didn't saw a massive volume spike on exchanges, mostly because this time we have Institutional Investors join the game that have their own...
There are times you need to update your hypothesis and think about different scenarios , this is one of them. As previously mentioned, I was expecting BTC dominance to move in a downward megaphone, but it seems and feels like another potential scenario could be that BTC Dominance is targeting 76-77 rang at the top of an ascending wedge. This will also allow BTC...
Was looking for $ETHBTC to show strength as trendline support but that's since broken down. Hoping to see a strong bounce off of the ~0.260 support level with $BTC.D at resistance. Breakdown = no bueno
Could see $BTC.D overextending past resistance which might provide opportunity to confirm a bear div on the daily. However, if it's rejected here could mean some relief for alts in the near term with a bear div to later develop off the bounce from ~63.8 support, and down to ~58.2. $BTC
Again, we're re-testing the bottom of the parallel channel we broke out of back in July. For alts to make good gains, we need to stay below the two trendlines drawn (bottom line is drawn from line chart, top trendline is from candlesticks). To reiterate what was said on the chart from Nov 12, the same scenario is re-occuring and may or may not lead to another...
This could potently signal a big move to the upside if BTC can brake the rim of this formation.
Hello! 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 market dominance of bitcoin TOUCHED THE MAXIMUM and will shrink this weekend. Means bitcoin buyers are finished accumulation and now the price will stay at 24000 pet Bitcoin or at most jumping very volatily between 30000 and 22000 when investments in form of bitcoins will flow into alternative crypto coins with similar if not more expressive FOMO Rally like...
Nice QM Pattern triggered on bitcoin dominance chart...
Another boom is already started. In previous run-up after break out it goes more than 222% (closing basis) in 91 days. This time if we consider half of percentage of previous run-up that is 111% appox and considering 91 days (closing basis) . So possible minimum target is 22905. Disclaimer:- your capital at risk. Consult before investing your financial advisor.
Here we see our Btc Dominance chart . As you can see we have been in the same regression channel for all of 2020 . That pink and blue box on the chart is a regression channel indicator. We are also about to hit a TD Sequential 9 in green ( that's those numbers you see on top of the candles . ) When we hit a number 9 in green on November 20th we then saw steep...
Bearish ascending wedge on BTC.D. This formation may lead to fresh highs for alt coins. Also included a diagram of a bearish ascending wedge for anyone learning chart patterns.
The bearish cycle could have just started...
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...