Everything on the chart, see previous related longer-term ideas linked below
#BTCDominance BTC dominance is on the way I predicted 👌🏻 and still I think it will follow the fractal from 2017. so wait for more drop and wait for more profits from BTC and ALTs 🚀🧘🏻♀️
I look at this and I cannot imagine that BTC can stay on top of crypto when the main goal of BTC is reached - introduce mases with concept of digital money. Question stands whos gonna rule after next cycle? As that famous conversation in a tv show. "Jack,this was always the future, hard cash is fading (..)"
At the moment, it looks like Bitcoin wants to rise against alts, and it may do so in the short term, but mid to long-term a rising wedge coming out of a downtrend is a bearish continuation pattern for bitcoin dominance, while a falling wedge coming out of a downtrend is a reversal pattern. Hence, I think there's a good chance alts like HBAR and others are going...
#BTCDominance BTC dominance broke down from middle line of parallel channel, also broke the local support area. but for more drop needs to break down the red line.
There are many parallels displayed in a few alts like Bittorrent and ASD which got ahead of themselves. Some coins are way ahead compared to many others which have barely moved or met an all time high, it makes no sense to state bullrun is over or even that altseason has already happened. If we review the correlation many alts had to that of Bitcoin from the...
Good evening everyone! Happy to be back this Thursday evening to give you an update, we dig a little deeper and we have a look at what the BTC.D chart can tell us about the alt market! BTC is doing nothing on the 4H timeframe, but what subtle things can we tell from some of the price action ??? Let us know what happens next in the comments!
#BTCDominance as I predicted before BTC dominance dropped down and gave us great opportunity of take profits from altcoins. still I can see more drop to 42 that will make amazing pumps on ALTs . take your time and find best altcoins for more profits.
Historically, BTC.D takes over the market in ATH Q4 cycle; specifically starting in Sep. That said, I plan to exit all my Alts to BTC by the end of this month to optimize my gains. In other words, the Alts season maybe short-lived till the end of this month. Then it’ll kick back in by November & December. Of course this is a historic outlook… what rules in the...
BTC.D has broken the rising wedge downside in 4H time frame. It can make a chance for altcoins to rise. The next support lines have been indicated on the chart.
alt season is not over . pump coming for alts soon or later...
#BTCD BTC dominance is still below the middle line of daily parallel channel and also below broken ascending support line (yellow) HMA is on top and head down these show hope that dominance will drop to lower line of parallel channel
ETH.D could reach 33+ % if we can break above the neckline here @ 20-21%. Failure to do so could see a massive drop in the opposite direction.
Bitcoin Dominance just broke-out bullish and is likely to continue short-term after 50MA retest. Current Price= 1080.1 Buy Entry = 1080.4 - 1072.5 Take Profit= 1104.2 | 1125.6 | 1156.7 Stop Loss= 1052.3 Risk/Reward= 1:1.15 | 1:2.04 | 1:3.33 Expected Profit= +20.64% | +36.56% | +59.68% Possible Loss= -17.92% Fib. Retracement= 0.5 | 0.618 | 0.786 Margin Leverage=...
BTC.D If BTC dominance get rejected from %50 area, we can consider a bearish rising wedge pattern and be hopeful for an altcoins rally. Large caps will follow ! In case $BTC breaks %50 resistance then we should expect a correction on #altcoins and stay out of all altcoins positions. P.s #Bitcoin is now trading around $40k This is Not Financial Advice !
Bitcoin’s price chart shows a fractal pattern that is similar to the price-performance in October 2020, just before BTC’s price began its run to a new all-time high. If a similar pattern plays out in the current market, Bitcoin’s price will see a continuation of the uptrend while alts suffer for at least 1 month.
#BTCD BTC dominance is inside a parallel channel, it turn uptrend after touching the lower line of this channel. dominance will go up to touch the middle line so there will be a little down trend today in BTC and ALTs