Super simple / quick post. Bitcoin dominance had a confirmed double top, and now may or may not confirm a double bottom. If it does, it will likely move up to resistance and then back down before deciding to break through resistance or support. Otherwise, it may just lose support
Hey there! It seems that Bitcoin dominance has peaked, at least for the time being. A medium-term retracement to 44% in 3-4 months appears likely. While some may view this as the start of alt season, we should consider that increased market volatility may lead to stablecoin dominance rising, which could explain the drop in Bitcoin dominance in a turbulent market...
Bitcoin Dominance looks like it wants to head down to 45-46%. Why? - We're moving up within a parallel channel on the weekly chart here, good chance we'll see the bottom of it again. - Our highest weekly high did close above the previous one, but with no wick and not as high as our highest wick. Hard to call that a strong breakout - Volume isn't here yet...
The Bitcoin dominance has been doing something seemingly unnatural with the limited information available to us. I find that a lot of people are sleeping on this or just unaware. First off, this chart is very busy. I don't normally make charts with this many indicators but there is a lot of confliction in the information and I only want to make a single chart of...
At times, charts can be quite difficult to read yet at other times, the end-message can be quite clear. Bitcoin Dominance (BTC.D) is giving out a clear message and that is up. Mid-March, BTCD moves above EMA100 weekly on a major green candle. The action that ensues is what makes the message clear. For the next month and a half, 6 sessions/candles, BTCD...
We just broke under last buyers volume. The cryptocurrency market is known for its volatility, and it is not uncommon to see rapid fluctuations in prices that can make or break investors' portfolios. One phenomenon that is often observed in the cryptocurrency market is an "altseason." An altseason is a period when the prices of alternative cryptocurrencies, or...
Hi dear community and my lovely followers. I will be in short. I want you to inform that be ready for Altseason 2023 which is going to start in coming days. It will be wild. As you see Total 2 on weekly log chart has broken the main diagonal resistance/ weekly falling wedge/ and it is going to break pink zone which is one of the strongest horizontal...
The last time OBV on the monthly hit this resistance line was November 2015, Sept 2019 and Jan 2021. We have OBV resistance and also trendline resistance here.
Traders, As stated numerous times previously, I have virtually zero expectations that Bitcoin dominance will exceed anything past 49%. Today we tagged that threshold exactly and now I expect a drop. In accordance with the dominance fall-off, I am expecting Bitcoin to retest the neckline of it's Cup and Handle pattern at HKEX:25 ,200. Though, I seem fairly...
Traders, We have a break on out Altcoin Chart but before we get too excited, let's wait and see where today's candle closes. We are hoping for a close today above HKEX:608 billion. Once confirmed, it becomes safer to step on the gas pedal in the altcoin market, though, preferably, we want to see another candle open and close above that neckline tomorrow as...
CRYPTOCAP:BTC.D Hello traders, I hope you have had a profitable week.✋ First, pay attention to the previous analysis of the Bitcoin Dominance Index.👌 The Bitcoin Dominance Index is approaching the important level of 48.48. Despite the possibility of being rejected below this level, if the price of Bitcoin stays at a certain level or grows, the altcoins in the...
The fact that the recent pump on BTC is just only sucking liquidity from the altcoins market and there isn't any fresh fund entering the market somehow is worrying me. Also look at the correlation between bitcoin dominance and the bitcoin moement.
According to the BTC Market Cap Dominance (BTC.D), a huge alt season may be upon us if the Rectangle that has been ranging in since May 2021, breaks to the downside. The pattern is quite similar to April 2014 - June 2016. That was when Bitcoin (orange trend-line) was in a Bear Cycle and on September 2015 it was coming off of it. It appears that we might be where...
Here's an alternative bullish point of view for Bitcoin Dominance - weekly is showing a cup and handle pattern ultimately targeting ~50%. Here's my previous bearish idea:
As we can see in the above chart BTC dominance is at a crucial point, It is at a resistance which is tested multiple times in last 2 years but failed to break it. We can expect 2 + 1 scenario based on the above chart. Scenario A: Bitcoin will pump and Alts will bleed which will result in break of this resistance for Bitcoin dominance. So if you are holding...
Hello guys, Consider Bitcoin market cap to help identify market movement and the Altcoin season. You can monitor these two points which will cause the market to turn towards altcoins as dominance declines. Good luck. If its useful please like it as a support and follow me for next analysis :) . Salam doostan aziz, chart arzesh bazar bitcoin hast ke be zire...
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