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 I think these prices will be withdrawn (maybe after eating some more pump).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...
Bitcoin dominance showing weakness, indicator for a rise in altcoins
Hash rate: Bitcoin Hash Rate Indicator. Dominance: Bitcoin Dominance Oscillator (BTC.D RSI) CME Volume: CME Bitcoin Futures Volume NVT Signal: Network Value to Transactions (NVT) Signal with RMA Energy: Bitcoin Energy Value Oscillator
BTC dominance rejected from a key zone. Continuation signs of this bearish trend in price action promise some deep targets. Could be very interesting for the Alts market. But beside that, this is a big deal for the future of cryptos. It’s like other big and revolutionary technological progress that we had in the past. For instance, compare market share of Nokia...
If current candle is not just a fakeout into support/demand. This candle signal start of a new downtrend. For the moment supply trendline need to broken to invaldiade downtrend or emergence of a new swing high to re-establish a new trendline basis.
Looks like bitcoin dominance may increase Some alts may purge
Key resistance line to keep an eye on in the coming days or weeks. A break out of a major 2.5-year bear-market resistance line could confirm the beginning of Alt-Season
Welcome to this quick update. Thanks for the unmatchable support you've shown so far. Keep supporting if you find my work deserving. 1. Dominance broke down an important support level which held for the last 122 days. 2. As per fractals it should fall for approximately -5.88 % to the lower green support level from here which will result in anther alt rally for...
Happy Wednesday. Sometimes it’s good to take a few days away from things for a minute. I hope everyone in Canada and the US had a good summer holiday season. Thankfully, Rocky Mountain National Park is close by. The recent moves by Bitcoin and the failure to fully exhaust cause on moves in either direction (accumulative or distributive) has been confusing to...
Bitcoin dominance has absolutely bottomed out on the 4hr chart and looks to be doing same on 1 day chart too . Surely the turnaround will happen soon - and we'll see Bitcoin dominance and Btc price start to rise - perhaps through towards August . As you can see we hit a TD Sequential 9 in red and there's hard divergence down with all MAs pointing down as well. Rsi...
We will print a 9p buy and a 13 countdown on the sequential on July 9th. Perfect setup for a trend reversal if I ever saw one. Have your btc positions ready and your stops in place. Gorilla move coming up in 2 or 3 days!
We're already in a risk on window and just confirmed bearish market structure AGAIN! Last time this happened was Feb. 2nd 2020, right before altcoins pumped into our spring rally. Using the Bitcoin dominance chart as a guide for when to take risks on alts (risk on) and when to protect your sats (risk off) allows a trader to maximize opportunity and minimize risk...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). KNC is looking quite strong after a good push up and a bounce of the Pivot on the retracement, definitely worth keeping an eye on this. With a first target R1 at 21. And a stop under the Pivot with some room for wicks.
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). XRP has been making lower lows for an extended period of time. It tried to break the cloud on the 4H a couple of times before ( purple squares ) but got rejected. Third time is a charm I guess since now it did manage to break through the cloud and R1 on the...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). TOMO has been consolidating since the last move up, yesterday some bullish continuation signs popped up and with volatility going down it could make a bigger move soon. In the two red circles, you can see the Lagging span (Purple line) bounced of the Kijun...
Using a Heiken Ashi chart type we can see a typical topping out pattern for BTC dominance. This suggests a decline in dominance ready to begin, although playing devil's advocate perhaps it's just a consolidation pattern against the downtrend waiting to be broken to the upside. SparksterSignals team is betting on the altcoin market continuing to perform admirably...