BTC DOMINANCE UPDATE
The relationship between BTC dominance & Altcoins growth is Inverse relationship
Good time to accumulate altcoins when dominance of BTC is about to drop/ breakdown
Here in chart we can see 2 potential scenarios :
Scenario 1: start to drop near current level
Scenario 2: sharp rise to 59% - 62% before dropping ..
The real altseason...
hi everybody
dominance in daily time frame is still ranging in that yellow static channel I drew before . after a fake break out from static channel it just hit the green bullish channel top and bounce down.
I have indicated everything that happens before in my previous ideas you can check them all.
now it's struggling with static channel ( yellow ) midline.
...
Today let's take a look at the Bitcoin Dominance Index(BTC.D) and see if Altcoins are the right place to invest again if the cryptocurrency market is bullish or Bitcoin.
Conversely, if the cryptocurrency market is bearish, can altcoins counter the fall or not❓
To answer the above ambiguities, we should first familiarize ourselves with the definition of the...
I created this combo chart to get more overall view on how BTC is ready to continue bull run to the market top.
1) 2013 fractal had 50% dip (Nov 2013) just before the last leg up. Fractal matches this dip.
2) Bitcoin Dominance completing triangle. So now it should drop for the final BTC capitulation to altcoins.
BTC will rise in price as well.
3) Dollar...
As it can be seen, BTC broke the downtrend line, it waits for what? I think it starts to make a right shoulder as a pullback to a broken trend line. we look forward to breaking the neckline. if it will fail, we are waiting for 20K.
Hey guys, care about BTC dominance too, I think it will be supported on the 43% level.
what will be happened if BTC will be upward...
This is how I see possible next altcoin season in the wider picture.
So far BTC Dominance trades inside a bearish triangle and printed a good bearish engulfing on the Monthly time frame. Notice that a bullish one was printed at 2018 and worked pretty well.
I Expect some tests on diagonal resistance, even with wicks, before we start raly down. That diagonal...
Hello my friends
It's been about three weeks since Bitcoin dominance declined, and as you can see in the chart above; After reacting to the Fibonacci level of 63.8, during 3 bearish candlesticks, the Fibonacci broke fibo of 50% and approached the Fibonacci level of 38.2.
Given the recent growth of bitcoin with a decrease in dominance, expect a further decline,...
BTC .D is Bearish in Long Term and also in short term and i think it can't break the 73.1 resistance .
Also in 4h timeframe you see Head & Shoulder (Not Complete).
RSI say overbought.
MACD is on top....
So this candles must be Red in next days and weeks.
Alt season is coming ...
This is not an investment advice .
i know in next 5 years we will see change the...
1H chart looks like double top for me with small bearish divirgence on 1H stoch, MACD looks the same direction
Considering my plan for BTC, I'm looking dominance to go back down this time, giving breath to alts.
Meanwhile, BTC dominance is testing the middle of the local channel, the lower bottom of the main channel and 0.7 fibo level. There is a chance for a local correction for altcoins soon. Stay tuned and control ur positions. Good luck everyone!
