This will take a few more days to play out, but It looks like BTC dominance is forming an Adam and Eve bottoming/reversal pattern. See previous idea for higher level view:
Resistances are found tangentially and horizontally. Depending on the speed of BTC's movement, the curve may touch the resistance.
Almost reached its old ATH, I think it's time for a minor correction.
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After a weekend typified by extreme amounts of FUD, looks like the lights have started to shine through the clouds and have illuminated that crypto does indeed still exist. But for how long? Are we going back to 10k? Will everyone lose their life savings - AGAIN. Let's look. But first, let's discuss the whole dump thing to get some context. It seems at this point...
Due to my last analysis about BTC dominance I said Altseason is being started because BTC.D chart is forming a downtrend and it's within wave C of a large correction. It happened nicely and Altcoins grew very well. Now within the wave C, wave 4 which is a corrective one is being completed and therefore Altcoins are collapsing now. But after this wave, wave 5 which...
Small bounce back to 50% area short term - with a bigger drop to ~20% region . Alts pump to new unsustainable highs , talk of alts flipping bitcoin #1 spot , peak euphoria- then end of current cycle .
The Bitcoin Dominance ratio has been falling under our noses this year starting from the peak at 72.04% during the 1st week of the year, the week of Bitcoin's birthday. From this point, the entirety of 2021 has been Bitcoin losing its dominance to ETH and BNB to what appears to be Binance Coin mimicking what Ethereum did in 2017 with the ERC20 tokens but a bit...
#btc.d QUICK SNAP BACK & ALTS are already back at it... will it continue?
Hope everyone is doing great after yesterday's crash :) If you still in alt-coins, I would consider closing them in the coming weeks. The fractal of 2017 is perfectly goes with the current situation: BTC will consolidate for some time before the next move. Use this time to fix to stables, don't be greedy Good luck guys!
BTC dominance supported from long term line if going to break down this zone we will have another bull run for alts and BTC
Bitcoin Diamond still strong, MACD has crossing, we just need to wait more time Good entry in purple rectangle. Do it with money management..
Bitcoin dominance may start to reverse here, if so would see many Altcoins get steamrolled. Right now im buying spot dips on BTC, ETH, and strong DeFi related projects. Otherwise recommend caution!
Welcome Hyperspace Travelers. This is a continuation of BTC.D from 2019. Please start here to see how this idea has evolved. Previous Decoded failures: (Pay attention to structure validity). Press Play and scroll for last updates. Part 2: Excellent Time-Series Validations in PT 3. Both active. Technical Stuffs: Double Nestled Cup and Handle Formation with...
When Market Smile You Its Just Previosly Movement When Market Smile You ! Previous movements similar to that were seen in the last January. What was happened in january? its look like double bottom and rising again ! we have to wait double bottom confirmation if we going up ! lets see what happen !
Bitcoin Dominance at key support level on higher support timeframes, BTC.D bounces here and BTC wakes up? Also note BTC outflows from exchanges continue to rise with no large inflows, meaning supply will dry up at some point. Laws of supply and demand to print us new highs!