If this pattern plays out we could see Bitcoin Dominance drop to 32.5% which would be great for Altcoins! This neckline would be broken around 38.75%. Let's gooo.
#Nigerian Naira Rate (Update) Day after day, the Nigerian currency is losing it’s value. Here is a weekly timeframe analysis. Based on technical analysis, Naira broke it’s major resistance at 630/$ to $710 and pullback is needed to gain momentum for the next run up. Therefore I expect a fall to 630/dollar before a rise to new price target at 800, 850, 900, 950...
Adam and eve pattern, Tether dominance comes back to 4H MA resistance cluster around 7.5% then that's it, it comes back down to the 5% range while crypto rallies into Xmas
Bitcoin dominance is setting a dangerous scenario for altcoins, but first , it needs to clear 42% and remain by the weekly close to keep moving up until the next resistance around 43.5% without breaking its trendline and closing below it.
BTC Dominance breached over resistance and this normally/and most likely means that a Dump on Alts could be in play. Will share Alts charts in the next posts. One Love, The FXPROFESSOR
Shalom traders! I hope your weekend went well. Another week we ended up with some good profits and BTC still holds the support level. Today, we will analyze the BTC dominance chart and what this could mean for the market. Timeframe: 3 days. Update: BTC dominance has been a helping hand for the traders to analyze the upcoming move on BTC. As we can see in the...
I think we are in the middle of the big C wave. This big c wave itself is an abc (zigzag) wave b has become a diametric and we are now in the g wave of this diametric. I think this is the last rising wave of Bitcoin dominance
The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen. The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins. It's really important to pick...
4th, October 2022. At the time of writing, Bitcoin is still ranging from $18k to $25k level since early June. 4 months of ranging in a low level zone. In that 4 months, Altcoins also having some really nice gains, with Ethereum and The Merge is the most hyped event. Money flew to $ETH, making BTC .D hit the support. The question now is, can Altcoins keep the...
BITCOIN break major trendline. Good sign since the big downtrend November 2021.
AAVE is current tradinmg at the resistance box area and close above it might give us long position while chances of pullback are also high here until aave closes above the resistance.
Price of btc coming to retest its strong level of interest where previous strong suppor now as a resistance and also rejecting from the level. SO good short trade according to levels given in the chart.
We have a Massive Green Vector on the Hourly and it looks like we are setting up to recover that green vector likely after the PPI read tomorrow morning
We are seeing a big green candle on the 1 day chart (not shown here) right now on btc dominance. It is suggesting that perhaps the bottom is in for btc dominance. We also happen to have bullish confluence for this scenario because even though the current bottom is slightly lower than the previous which create a slight downward slant to the double bottom...
BTC Dominance is consolidating inside a falling wedge and is currently at the range low and also, BTC.D reverses during every septembers across the years. Also, Alts are overvalued against Bitcoin and i am pretty confident about the upcoming Dominance move.
Bitcoin is still a very weak asset, compared to altcoins or the stock market index. As per my technical analysis, bitcoin's dominance should go down to the previous swing low established in 2018. You can bet there will be a bounce, but the question is, how big is the bounce going to be? As you can see on the chart, the ABCDE pattern has been completed, which...
#Bitcoin (Update) Here is a daily timeframe analysis with price in a rising wedge. As shown here, price is at the tip of the wedge. A breakout which can be an upward or downward breakout is needed. I expect Bitcoin to break downward for the last dive to $20,000 before the move upward to $37,000. Aside this post, Bitcoin is overall bullish. Not a financial...
We never quite made it to the 1.5x target from our double top back in Jan 2021. That's not to say it's still possible we see it and even reach the 2X target making new ATLs. However, I can see the possibility of a weaker low made near the top of the green support area, and that occurs and we turn back up from there, dominance may for a triple bottom (or an...