CRYPTOCAP:BTC.D
Possible Targets and explanation idea
➡️Marked 2 main targets for Bitcoin Dominance
➡️Based on Take Profit indicator on weekly we can see test of "Take profit" line
➡️Marked green box zone where you can step by step sell and fix profit in altcoins
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Everything on the chart.
Nothing has changed from my last (LONGTERM) idea.
I am waiting for a slight correction, after which we will get a movement to the ~44% area in wave (ii), then I am waiting for a global decrease to the 30-35%...
to be clear, THIS IS NOT A BTC.D PREDICTION, this is just explaining btc.d and will be linked to one of my previous posts, whose description uses btc.d as evidence for times provided, see linked post
💎"The BTCDOM Index provides insights into the market and can be used as a tool to speculate on Bitcoin’s relative strength against altcoins. Essentially, the index measures the demand for Bitcoin relative to altcoins. When altcoins gain market share relative to Bitcoin, the BTCDOM index loses value. Conversely, when Bitcoin gains market share relative to altcoins,...
Welcome to this extensive analysis of Bitcoin Dominance.
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Explained in the most simplified manner.
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Now, let’s get to the chart.
BTC Dominance is currently holding the 42.4 level. As long as it holds this level...
Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Bitcoin Dominance.
The chart is self-explanatory. The Bitcoin Dominance recently broke out of the S/R 1 line and headed for a re-test. If the re-test is successful and the price moves upwards, the Bitcoin Dominance will start moving up. I noted multiple Support and...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D).
The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D).
The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta...
