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...
Bitcoin and Bitcoin Dominance may be about to move up should the 52% dominance level be successfully held. Expecting a sharp move up to 55-57% for dominance and 40-43.5k for Bitcoin, and alts to lose value vs. Bitcoin: Should the 52% level be lost, we may re-test 50 or 48% dominance levels instead. Bitcoin needs to cleanly break through the 36.5-40k area to...
Hi Traders, Investors and Speculators of Charts📈📉 A bull trap is "false" signal that shows a bearish trend (such as the lower highs in XRP) has reversed and is now heading upwards, when in fact, it will continue to decline. Often a large wick towards the upside is observed, shaking out traders favoring the obvious move (shorting). It's important to note that...
As I said before, I will say again that the market will always give you another chance to buy and there seem to be signs for this second chance. Possible scenario for me: Pullback to the broken levels of dominance by Tether and Bitcoin in the coming days and try to collect liquidity from the market and stop hunting small traders like me! Then the return of...
Dominance is performing nearly perfectly with only a few surprises along the way. I wasn't quite sure dominance wanted to test the underside of that channel you see in red. That channel started in November of last year. We broke to the downside in August of this year and never really retested. Well, here we are today. We have retested the underside of the channel...
US consumer price index (CPI) remains sticky: CPI data released on Thursday did not show a further cooling in inflation in the US economy, further muddying the Fed’s decision making on the future interest rate path. Federal Reserve unable to reach a firm decision on interest rate hikes: Minutes from the Fed’s last meeting show wavering opinions on interest...
CRYPTOCAP:BTC.D Possible Targets and explanation idea ➡️Marked 2 main targets for Bitcoin Dominance ➡️Based on Take Profit indicator on weekly we can see test of "Take profit" line ➡️Marked green box zone where you can step by step sell and fix profit in altcoins Hope you enjoyed the content I created, You can support with your likes and comments this...
#BTC taking the lead as in past #crypto recoveries Measured move to tag previous resistance. #ALTS will lag but still give smaller gains.
Bitcoin dominance serves as a crucial indicator, offering insights into the broader altcoin market. Today, we observe a clear breakout from a cup and handle pattern, indicating a potential shift in market dynamics. Key Resistance Levels Ahead: [/b Resistance 1: 50.70% Resistance 2: 50.91% I anticipate pullbacks and increased activity in the altcoin market as...
Bitcoin dominance is currently displaying an intriguing pattern that could have significant implications for the altcoin market. It's following an ascending channel and has entered a consolidation phase around the 50.0% level. What's particularly noteworthy is the formation of a pattern that resembles a head and shoulders. Here's what this means: ...
Monitoring Bitcoin dominance (BTC-DOM) is a valuable tool for crypto traders. It provides insights into the relationship between Bitcoin (BTC-USD) and altcoins (ALT-USD), helping you make bette decisions about your altcoins and tokens. Spotting Altcoin Seasons: Altcoin seasons are periods of heightened interest in different cryptocurrencies and tokens, often...
In the future, with the growth of Bitcoin dominance, we will witness further declines in altcoins; we are still in a BEAR MARKET.
* 1D The long-term upward trend line has been broken. Therefore, the possibility of further declines seems high. First of all, the important point is whether the 48.80% range, which is an important support line, is broken. If this section is broken, it is likely to continue to fall. Based on this, Alts bull market is coming.
Greetings dear traders, let's analyze Bitcoin Dominance chart! The Bitcoin Dominance chart is currently perched just above the crucial 49% mark, a pivotal level recognized for its significance as both support and resistance over the long term. Delving deeper into the analysis, the Relative Strength Index (RSI) reveals an intriguing development—a notable...
- #Bitcoin's Uptrend still intact in terms of Price Action, coming from the Lows of 15K . Concerning is the fact that despite Bitcoin trending Bullish on regards of Market Structure (series of HH & HL ) ; it is trending so, within a Rising Channel (i.e bearish flag). Ahead of this current uptrend is the Golden Zone Fibbonaci Level awaited to be faced as...
This Bitcoin chart right here is a monthly timeframe chart. We all have been expecting this bear market to be over but it keeps deceiving us. Here is a clue on what to expect in the coming month. Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend. We have four...