As much as we all appreciate the fresh innovation from alts (be it smart contracts or NFTs), the BTC Dominance chart says it all.
The ALT/BTC value will begin to depreciate until it becomes too insignificant to matter. One question remains though...
Will there be a "flippening" from the "underdog" Bitcoin Cash (BCH) before all this ends?
Let us know your...
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...
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 descending resistance zone, so it will head up to the long term resistance zone between 48 and 53.
if dominance hold below this strong resistance zone there is a chance to follow a fractal and drop to break down the support zone.
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 .
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...
As long as the green support zone continues to operate ; target will continue to be 50 .
When the black resistance is overcome, the double bottom target will come to the fore ; corresponding to 60
What I'm talking about is medium term, not short term.
please review the drawings before asking questions
BTC Dominance is in a long term range between 70 and 30 and i believe this range will not break higher or lower for a long time ahead.
MACD in Daily and Weekly is bullish on the charts and i don't see it reversing that fast, hence prices would go higher into 60s area in the coming weeks, if we get there we should start looking at reversal options.
The king is ready to return ....................................................................................................................................................................................................
One of the most common questions I get when it comes to altcoins is, "should I trade or should i just buy and hold?"
For most people, buying and holding (or hodling) is often times the best answer.
It's less time intensive and you don't have to think about it too much.
The problem (and often asked question) is, "when should I start buying?"
For that, I would...
This is just an idea I charted back in early October. Putting it here to see others' thoughts. I have 3 theories on how this market cycle is going to end. This is 1 of them which is quite bullish and is reflected by this chart:
Early Jan will be the peak of the altcoin season hence we drop below the 2017 BTC.D but then instantly pump back up. The whole market...
There are two possibilities that can happen in this current situation.
If BTC.D breaks 48-50% level, we can see a huge red river.
else if BTC.D unable to break the 48-50% level, so we can see huge pumps, new ATHs in the next couple of weeks.
be ready for each and every senario.
Let's see how it goes.
May the force be with you.
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...
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.
Welcome Hyperspace Travelers,
The Quantum Codex reveals all. I am but a simple scrub swimming in a pool of knowledge.
Quantum Formation: Star X1.10.10.00.11
This is a macro Time-Series on a 4-hour timeframe.
Fractal Error Allowed: 7 days
This is a extreme probability event in parallel of a domino effect.
In my eyes at least..
Scaling of ghost fractal...
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