Hey! This is price action analysis for BTC.D (bitcoin dominance over altcoins). During next couple of month there is an opportunity for short-term alt season, but we need to see all options. So importance level are at 66.66% dominance, if price going to break one we going to see huge dump of alts, I can say -50% from current prices over couple of...
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My Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy...
- Bitcoin is weak now, there is not enough fuel to continue parabolic for another weeks - I think bitcoin will go sideways, and altcoins can experience a nice pump to the upside - Better to buy ETHEREUM for massive gains If you want more of these ideas, please hit the like button and follow me, so you don't miss any update! Also, check my signature down below ↓
Altcoin market TA looking pretty good. As Bitcoin's price exploded this week, a retrace can be expected, while altcoins can regain some of its momentum the coming period. The Bitcoin Dominance chart (BTC.D) shows us a retrace in price, while the whole Altcoin market chart (TOTAL2) just broke a key resistance level. This means that money from Bitcoin is moving...
My Fellow Crypto Traders, Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share. Cheers & Happy...
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my...
Tension and momentum in this chart. Strong stochastic cross up on the monthly. 63.5 was the level we needed to watch for a while now. With a 21-50 ma cross, a break of the 50 mma may very well happen. But holding it as support will be the real challenge as it still is a slippery slope.
@1 Idea is the Positive Scenario @2 Idea is the Negative Scenario In @1 we gonna see a big bearish move on AltCoins This is my idea... What do you think???
Could see an ALT rally if this gets rejected and divergence confirms.
Here we see our Bitcoin Dominance chart that finally broke out of that downtrend channel ! And right now we are sitting inside that 1 day Ichimoku Cloud . I don't think we will drop out of it after spending so much time to get inside of it ! So surely we are either going to the top of the cloud or actually we will break through it . If you see where the red arrow...
💎BTC.D🌴FREE UPDATE🌴 💎Yello😎! BTC dominance is following our analysis perfectly since 13th July. 💎After the dominance saw a bounce from the strong support at 57.72%, thankfully we decided to stop trading the altcoins on the spot and look for short opportunities on futures instead. This has been very beneficial for us, as most alts are seeing double-digit losses...
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you...
1. Most liquidity in the space goes through Bitcoin. Still most alts have BTC pairs, most derivatives volume is on BTC and it is also frequently used as collateral for margin trading. People can easily sell BTC to get USDT to buy alts. 2. In 2019 from the lows, BTC went up and squeezed all alts. Alts bottomed vs BTC when Binance closed US accounts & Bakkt...
The Bitcoin dominance has been falling ever since september of 2019. Since late august of 2020 it has been rising though and altcoins have been bleeding against Bitcoin. Now might be the time to continue the descend. The level of 60.35 seems to have been significant on numerous occasion, working as both restistance and support in may of 2019 and again...
Hello everyone, I would like to show you another reason, why I think altcoins are not "dead". If you take a look at left side of the screen (BTC.D - Bitcoin Dominance) You will realize the MA200 (MA - moving average is commonly used with time series data to smooth out short-term fluctuations and highlight longer-term trends or cyclesis pointing) is pointing ...
The current situation: 1. A head and shoulders pattern is apparent on the 12HR chart, while the price action is right underneath the 12HR 200MA. The neckline is at about 59.4% with a measured target of about 57.7% The bullish case for altcoin: if BTC.D gets rejected at the 12HR 200MA and breaks below the neckline. This will signal lower BTC.D and it will look...
In this post, I’ll be providing an in depth explanation of the (inverse) correlations of Bitcoin, Ethereum, Bitcoin Dominance, and the US Dollar Index. This will help traders understand the general trends of each assets and indices, as well as what to look for the next measured move. I have divided the chart by the 1-2 months, in order to demonstrate clear...