Falling in stages 1 then 2 It can be observed that this was the case in the first alt season A larger alt season is yet to be uncovered The Super Alt-Season
Recently I shared a chart for Bitcoin Dominance (BTC.D). Here is a follow up, short and simple... I believe this chart will continue climbing until reaching 50 and higher. The indicators, RSI and MACD, as well as the volume bars and the candles (candlestick reading) support this. Previous chart: Remember to hit LIKE and leave a comment. Namaste.
BT.D has made an ascending triangle. Now it is at the edge of the pattern. In the case of downside breakout, alts can make huge profits. By the way, we should wait until breakout.
The BTC Dominance is playing inside an accumulation cylinder and appears to be headed for level 50. In my opinion bitcoin is gaining strength. Very likely considering the global events taking place day by day. If it goes up we will see the Altseason delayed, at least towards the end of the year. This is however a positive sign for the entire crypto space, which...
I used to think we would reach ~50-53% for sure, perhaps even re-test ~60%, and then head down towards 36%, stopping there and heading back up. While this is still possible, I am starting to believe that BTC dominance may find a new bottom this cycle @ ~32% or even lower, and ~47-48% may be our stopping point before heading down to our new ATL. Here's why: ...
#BTCDOMINANCE BTC dominance broke out descending resistance. the pattern that is forming can be a flag or wedge: the leg up toward resistance will make another opportunity to buy Dip #BTC around $29k or $27k or $25k And I think it is more possible to head down after touching the resistance and make another ALT season. Are you ready?😎
with the crypto bull run over (for now) btc with rinse in dominance against alt coins again
BTC Dominance is going to reject from the 46% level. I think it can come down to the 44.55% level in the first step. After that, we can see a H&S pattern and continuation of the downtrend to the 41.5% level. ⚠ The pattern doesn't complete yet, so we should wait and see what will happen.
Evening all! Back at looking at BTC tonight - It's a slow one, not going to lie! Let's talk about what we think the next play is & where we can expect this to go!
Looks like BTC.D is fighting a previous line of support, I know it wants to break through, and will but its just a matter of when. Will DeFi or Alts have another chance to fly or will the market continue to fall with more liquidity being pulled out of Alts into BTC and stable coins? Not trading advice. If you have a mortgage on the line, or have put in more...
#BTCD #BTCdominance is near support, if success to break it down, we will have a short ALTs season again. keep eye on altcoins and take profit on each targets it may finish soon. But if dominance break down the support zone and drop to 24 we can take great profit from altcoins.
I forgot to specify targets on previous BTC.D analysis. There are some Fibonacci levels for hitting the waves targets. Here you are!
We are below the 55 EMA again on the daily TF Beautiful for #altcoins We are also 21.33% away from the all time low for #Bitcoin dominance which was 35.41% on 13th January 2018
Ever since the May collapse and subsequent bottom, the BTC Dominance has been slowly rising back above the 1D MA50 (blue trend-line) in such a way that resembles that January 2018 bottom. As you see the LMACD isn't all that different either and if the 1D MA50 holds, the next (short/ medium-term) target is the 1D MA200 (orange trend-line). If BTC D is in a similar...
As you see, due to my latest analysis on BTC.D, I said it would collapse and you're watching now what happened. Still a downward wave 5 has been remained. Therefore you should expect a collapsing! Reference link to my latest analysis on BTC.D which I've mentioned: cutt.ly
Was above the 55 ema for around 9 days and altcoins took a beating, for the passed 3 days we have been below the 55 EMA which is great for altcoins!
#BTCdominance BTC.D seems wanna go up in short term
Btc is in a rAng for 7 day later Btc going to ath ofcourse very hard Btc.D going to 55-60