Based on my analysis, i think that it is better to be super attentive on Altcoins. 1- Dominance is in a very sensitive zone, 39.8% is a strong support 2- If it bounces above this support, the Alts will bleed 3- If it bounces below it, the Alts will continue to rise. BUT, The dominance had been decreasing for more than 40 days , and most of the Alts went crazy....
BTC dominance reached the bottom of channel expecting start to push up to 60 areas again be aware of altcoins for long term
At the moment - after the red candle 07 09 2021, the domination jumped, which is logical. But you can ask yourself the question - is the dominance of 42.21 enough - to continue the rise in the price of bitcoin? If the dominance of bitcoin does NOT grow, it will not be able to stand still for a long time and will roll down in a very short time. Even if we assume...
It's time for King to get up ! .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. ..............
soon BTC.D will dump and Last Alt season starting...
#BTCDominance Bitcoin dominance broke down the ascending parallel channel in daily time frame, a close below the lower line of this parallel channel in weekly time frame, that makes it a flag which is a continuation pattern, can drop the dominance to 32 and 24
Good evening friends, This is my very first video analysis. I hope you enjoy and thank you for watching. Trade thirsty!
Bitcoin Dominance has been consolidating around 0.5 fib. We are just about to test the trendline resistance. If the trendline is broken, we can see a 50% - 61.8% correction of the recent downward movement followed by downward trend continuation. Though there is also a possibility of retesting the previous support of galling wedge. Depending upon how this plays...
#BTCDominance bitcoin dominance almost broke the lower line of descending short term parallel channel, and I think it will drop to 43, which is a lower line of long term ascending parallel channel. this drop will cause a pump in BTC and ALTs.
#BTCD bitcoin dominance is near upper line of parallel channel, that I consider it as a flag for more down trend. correction is healthy for trends.
#BTCDominance BTC dominance is below the middle line of parallel channel and heading to lower line. but here is a local support that struggle to go down. If BTCD break down 42.5 which is the lower line of parallel channel, we will see more pump of ALTs.
After quite some time dipping, now dominance has reached to a major support and seems like at least the short term trend has changed, the chart is as clear as it gets, all details in!
Stoch RSI crossovers have been very telling in the past for BTCD. A bearish cross usually means alt-snz. The few times that it didn't, stoch rsi crossed back up. Therefore, I believe that as long as STOCH RSI does NOT have a bullish cross over, alt szn will continue.
How does Bitcoin work? Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. ... You can sell things and let people pay you with Bitcoins.
Dominance dump coming so Alts will be pump , its just becoz for pumping btc . Enjoy Altseason...
End of October will be the End of this Bull Cycle Not Financial Advice