BTC.D has been moving higher and higher with only a few weeks stop in between each new peak... But it seems that it is running out of steam. Bearish signals coming from the chart We have low and decreasing volume. Bearish divergence showing up on the MACD and RSI. Strong resistance ahead. RSI Overbought. Our main scenario is marked with arrows on...
If we are talking about the future. You'd expect at some point we would have a big drop down in Bitcoin Dominance. It all depends on when. Which could would push up the alt market against the Bitcoin Dominance. How patient must you be? How high can we go before we do come down?
Patern (Southern Evening Cross) after such a pattern, a drop is observed. Bitcoin domination 574 days growing When the correction comes, it will be possible to look closely at the purchase of altcoins Connect to my Vip channel to receive top signals. write to admin in telegram: @tradingroommmm
Here is a thought about Bitcoin dominance in the market, over the next year. My twitter: @CryptoWolfy7
BTC dominance appears to be within a Bearish Pennant... This is my current count here... Also within a Rising Wedge... 5Day Bearish Divergence with Declining Volume at the top of the trend line... I expect BTC to decline in dominance within the Crypto Market cap within weeks if not days.
BTC.D is likely to return to the mean after testing the upper trendline of the ascending channel. it could take time, but I'd expect the main downside corrective wave to start in November. It could last approximately 2 months after which the btc dominance would continue to rise.
Here is a patter that should confirm the correction. Prior to that the uptrend trendline (the mean) has to be broken, which could be the very start of correction.
Well it looks like we had a H&S on the dominance chart. I havent paid it any attention until now. Im still waiting to see if it drops more or not. I havent ever seen a H&S on the dominance chart so I am eager to see if it has the expected effect. Ill be wtaching
So clear of a pattern here using Elliott waves. We're looking for a pullback to around 63-65% dominance and then a 5th wave up to around 71% or more given if we overextend or not. That bearish divergence on the 3 Day confirms a pullback now. What does this mean? We could see Bitcoin correct more giving more room for Alt coins to take some of that overall market...
as i have discussed before i'm doing a elliott wave analysis on bitcoin dominance. right now actually bitcoin dominance is really high. according to my analysis we are in wave 5 of primary degree and actually in the last stages of this move. now we are forming a forth wave and because of that altcoin markets are in a big confusion. i suggest you to buy some...
Bitcoin Dominance Bearish Divergence - Alt Season Knocking the Door
On the daily chart we can see there was some previous resistance at 68-69 on the daily chart. Well it looks like on the lower timeframes at the green arrow, this level has broken as resistance and potentially is now acting as support. This is typically very bullish meaning there is potential of a move to at least 76 or even 80. Imagine what this will do to alts. I...
Some support coming up for altcoins. No reason to rush in and catch the knife right away.
BTC has fallen from the Rising Wedge so I think it will cool down and re-test the 66% level in this turn