The 5-day candle shown from 25th May has a long upper wick showing exhaustion of bullish sentiment, which preceded an 8% drop until now. Today we can see the same type of long upper wick forming on the current 5-day candle, which happens to be directly below the 5-day Ichimoku Cloud (a bearish situation). Despite current market volatility and a consolidation...
Bearish AB=CD pattern target is the flag in green
Rising wedge into a supplyzone/ trendline. Bitcoin dominance looks set to fall again (20 aug) which times up well with alts relief pump after the dip today Alts bearish case is a potential hidden complex inverse head and shoulders but its abit messy and against trend so im doubtful on that. Altpartycontinues?
I think BTC, LTC and BCH will outperform others at this current time.
This would be great! Bounce on this TD9! Don’t think it will reverse the strong Altcoin trend though. But always be ready for an explosive Bitkong move!
This chart says NO. Macd signals a lot more downside. And 50 mma will lead the way until? Perhaps a multi year head and shoulder? Even more bearish for maxis...
Bearish bitcoin dominance is a good indicator for a crypto bull market. Interim target of 58%
Bitcoin to push higher in the coming week, Bitcoin previous ideas in related links
The 100 wma could be losing steam for a while. Perhaps 30 weeks of pressure in favor of alts! What does that tell you about the blockchain industry?
Hello Traders, That would be a good news for altcoins investers. The bitcoins dominance seems that is going to correct. It would give us some good swingtrade opportunity on altcoins. Please push like button and follow us on tradingview
A dump idea for BTC down to spiral trend of the 100 - 95% move A breakdown of the Broadening Wedge that has formed Ethereum dominance looks very bullish , i dont know what else to say Another scenario for bitcoin dominance linked, a less grim one.
X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we dissect the cryptocurrency cycle. Understanding where capital flows will help traders capitalize on every opportunity they spot. In our previous analysis, we have explained the relationship between Bitcoin and Bitcoin...
Sorry, Guys! I was busy, that is why I was unable to post any analysis. Okay, Today's Analysis are very very very IMPORTANT, as it dictates the crypto market. Bitcoin is the mother of all cryptos, if it moves, let's move accordingly. First, let me give you the concept: CONCEPT: When the dominance of Bitcoin increases, the dominance of Altcoins decreases having...
X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore the relationship between Bitcoin's BTC/USD daily chart and the Bitcoin Dominance chart (BTC.D), which demonstrates bitcoin's relative market capitalization compared to the entire cryptocurrency market capitalization. ...
Bitcoin has been bullish in the past week, and the price is showing rejection in the weekly long term trend. The rejection will only be confirmed on Sunday. My prediction is that BTC has hit a resistance level at 11,500 and will rest and sell off to between 9000-6000 and form a third relative low and then we will enter a bull market again. This may take time,...
There is a big divergence between prices and Btc dominance. I think these prices will be withdrawn (maybe after eating some more pump). There may be 9700 to 9500 resistors. Dominance is around 62.7. It doesn't look like a steady rise. There is a down trend line for BTC.D and it does not give a clue that this rise will be permanent. If we come to price analysis...
Hello Traders, The bitcoin dominance reached a critical zone and maybe it will start to grow soon. Maybe is a bad new for altcoins investors. If you enjoyed this publication, please push like and follow us on Tradingview.
Happy Thursday. In the event you missed the news which appears to have been the catalyst for the large moves in the market yesterday, Coindesk reports the Office of the Comptroller of the Currency released guidance yesterday affirming the authority of Chartered National Banks in the United States to provide Cryptocurrency Custody Services for their customers in...