Elliot Wave Analysis applied to BTC Market Cap Dominance. Waves I and II have been completed. In my count Wave III has not completed its 5th leg up yet. If we get to the 1.618 fib extension of Wave I to II and market dominance level gets rejected at this point, we will probably enter Wave IV, which could lead all the way down to the green trendline. Playtime for...
Everyone is waiting for the alts season BTC dominance overheated
The dominance of Bitcoin has been increasing in recent weeks and is now approaching a major resistance. Indeed, this level corresponds to the high point reached at the end of 2017. Does this mean that the Alts season will start? Not necessarily! Indeed, in addition to this horizontal level, we can see that the dominance of Bitcoin also evolves in a ascending...
Bitcoin dominance (Bitcoin) Altcoin season is come? 1) We are under 200 - MA 2) We are testing 1.618 Fibo 3) On RSI: Overbought on RSI And Rising wedge (Bear pattern) A good question will be whether altcoin season. I am an optimist in this matter.
Fibonacci Circle for myself is a prediction tool for an upcoming impulse movement based on how the previous price action's behavior toward each fibonacci line which could represent a probability for futures outcome impulse movement. let see if this thing works as i curious to find out how the percentage following this chart any tips for fibonacci circle is...
Hello Everyone, Ye Bitcoin dominance ka chart hai hai parallel channel aapko dikhayi dega jo ki uptrend me hai kafi time se and resistance line ko strongly break bhi kiya tha but 12 hour chart me agar aap dekhe to reversal candle aapko dikhayi degi, It means correction aane wali hai Btc dominance chart me and agar aap RSI indicator use karenge to hame yaha par...
As you can see in bitcoin dominance chart we are in a potential wave five. Proof: -Wave 2 corrects major area of wave one but it didn't break it's low. -Wave 3 is longer than wave one so it cant be the smallest wave then if wave 5 wants to be larger than wave 3 this interpretation is still a valid one. -wave 4 corrects pretty much exactly to fib 38.2 percent level...
The Bitcoin Dominance chart is showing now sign of slowing down... It looks as all the fomo is taking effect into BTC and record volume with increasing value is taking effect. This is also having a trickling effect on ALT/BTC values currently with them going down to VERY low key levels and all time lows. Possible opportunities in the future with alts but not...
An update on the LTCBTC massive H&S chart Price now: 0.01000 BTC Target: 0.001900 BTC Minus 80% from now. Correlates with the massive BTC Dominance Chart. Not smart to keep ALTS if you want to have more BTC. RSI in the weekly also had a huge divergence.
I think that LTCUSD has a WAYS to go in the overall long term trend. Performance has been stagnant compared to BTCUSD and will continue to be so while BTC dominance is high. When will the switch be turned on for LTCUSD? Only time will tell, but it may arise from the depths and rise out of nowhere like it usually does. The litecoin halving event on 05 Aug may be...
I want to share this chart with you. Nobody is really paying attention to this, but I will! This chart is revealing a truth nobody is talking about. This is the Bitcoin Dominance Chart. BTC Dominance is telling us, how big a share Bitcoin represents of the Total Global Market Cap. I follow this every day, and update My Family about this, to spot any changes in...
The trend lines presented clearly associate potential fluctuations with defined stability levels -- outlining a primary-base, secondary base level & sub-base trend -- allowing for a closer analysis for future momentum. Analysis by STUDIO VIVE Ltd.
People have been screaming for alt season since early 2018 - so for over a year now. Alt btc pairs have been capitulating as of late and the sentiment is gradually shifting to Bitcoin maximalism. Well I am here to say that if alt season is coming and alts are going to make a move it should coincide with a double top at ~70% Bitcoin Dominance of the overall...
As We can see the Chart of Bitcoin Dominance. 11 Days Before Bitcoin Dominance Has Broke a Falling wedge Pattern. Where Bitcoin Dominance is Still Rising. The First Target is 63% The second Target is 65%. If Market of Bitcoin Dominance will increase like this then we can see more Dump in Altcoin. Note: This is only for Educational Purpose this is not...
After reaching $11,200 -- BTC needs to correct and alt coins need a chance to catch up. I think the next 1 to 3 weeks will be a rapid bloom time for the alt market but it could all be over by the middle of July! Let's review. Regarding BTC, $11,100 represented the 3.618 Fibonacci advancement line, when measured from the bottom to the tip of the first wave....
BTC Dominance is on a downtrend to 57.34%, down nearly 4%, expected to hit the bottom on 27 JUne, which is almost 10 days from now With this reduction, this is a great opportunity for Altcoin to increase strongly to 30-50%. Quickly buy Altcoins according to my signals so as not to miss this opportunity However, everything is possible, if BTC Dom returns to its...