crv is a good project , but the situation for alt coins is not good . we can see btc dominance is going up and cry have a diamond pattern which is bearish . we are following chart and indicators , macd is having a bend and death cross .use stoploss according to your fund management. use can see the target .
People ask a lot about this chart, Bitcoin Dominance (BTC.D).
Currently, we have some bearish action developing even though it is early on.
We are used to reading early signals and this is pointing like a correction is about to show up.
Check my latest BTCUSD for more details.
Now, how far down can this one go?
We are looking at a correction but not a bear...
Daily candle close triggered a TV alert for me on the BTC .D with daily closing above the first marked area of resistance on the BTC dominance chart. Noting also the double top on RSI , perhaps time to see a bit of a slow down of BTC for a moment of consolidation, hoping we resist any significant pull back and hold above both this resistance and the 60k. Watching...
Many guys ask what to do with altcoins, when is the best time to buy them? In this idea, I will show you the best place to buy altcoins!
Bitcoin dominance is a very important indicator that can tell us when is the best time to buy or sell altcoins.
Right now on the chart, you can see that bitcoin dominance is in a trading range between the 50 and 40 levels. The...
Bitcoin Dominance broke out from daily resistance zone (yellow zone), here is a descending resistance area that may reject dominance and cause more fall, but if it is going to break it out, next resistance area is so strong that will hold it below.
Expecting this to continue downwards if we stay beneath this trendline.
Alternatively, if we break above we have a solid range to go upwards.
If the dominance goes up that probably means there is less money in other coins.
Two things to watch for when we are in a bull cycle waiting for an alt season to begin, are:
- BTC dominance weakening/consolidating after a sharp rise
- ETH/BTC becoming stronger. When ETH starts outpacing Bitcoin, this is generally a sign that we are on the brink of an alt-cycle.
As ETH is currently flirting with the 200 MA and the green support area, this is...
This week, Bitcoin Dominance (the percentage of total market cap in BTC) saw a sharp bounce from the same area which indicated the 2021 top last May, around 40%.
40% is a key area because this is the same area where Dominance bottomed during the 2018 bull-run top.
Since my long-term outlook is still bullish on crypto, I think that Dominance rising from this area...
Bitcoin is going down. At the same time, bitcoin dominance is going upwards. This is bad for altcoins. It is very likely that BTC will continue to decline and could collect stop losses below the local low of $42,850. At the same time, altcoins will fall several times harder.
Before that, bitcoin domination has broken and tested the trend line as support. BTC.D...
Bitcoin Dominance has just found a very Bullish Pattern, a Triple Bottom. I would expect BTC to potentially break the All Time high within the next 1 month, before correcting again down to the 44k level 1 last time. And then we may be in for a big long run up!
Gotta Love Bitcoin Season, because it precedes Altcoin Season, another very fortunate time. I call...
Bitcoin Dominance in 1h time frame, rejected from middle line of parallel channel and now it seems to going to shape a butterfly pattern.
for completing this pattern it should go up the touch the middle line again around 42 or 43.
I see two possible directions from here, green arrows up or red arrows down to same ATL or a new ATL and then green arrows up. Red arrows down gives us a short lived altseason (weeks), unless we get below 30s and then we could last a bit longer. Or, we get a double bottom right now and BTC starts to gain its dominance back quickly.
Bitcoin Dominance has bounced twice off of its historic ATL support level. If we see a reversal, it will lend credibility to idea of an epic Bitcoin run up many are anticipating and BTC will outperform most (especially large cap) altcoins.
- This is my technical analysis for BTC.D - as you can see, we are currently breaking out of the descending channel.
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BTC.Dominance now printed a nice head and shoulders bearish pattern. At MACD we have bearish cross which means the bearish movement in 12hour timeframe is confirmed. A breakdown from here BTC.Dominance will go to 65.88% for Head and shoulders target.
Tonight the weekly candle will close,there is a nice rejection. Altcoins will going up in sats value.Good luck