If we we're able to break this triangle pattern, the market could recover from it's dump. If $51,000 breaks, we could predict for another leg up for bitcoin and in some other alts. Alts market cap is still looking good, btc.d is below 53. Hoping that bull market cycle isn't finish yet. But please, always put stop loss from every trade. Trading alts now is...
Looking at the 3-Day chart of the Bitcoin Dominance ratio spanning from the altcoin season of 2017 to now, it looks like history could repeat itself for a 2021 altcoin season. The ratio topped out at 72.04% back in Sept. 6th, 2019 and then retested that same level and couldn't break through it at the end of 2020 going into 2021. From here, the dominance has done...
Bitcoin Dominance Update Bitcoin Dominance is bouncing from the long horizontal support line and also tests the psychological support of 50%. There are two possible scenarios now. The first one is that Dominance bounced from here and test the 58% resistance area and if breaks above it we see a retest of 64% resistance area. In that case, alts will bleed in the...
BTC dominance is dropping like a heavy rock. Retail and institutions already know about bitcoin, but they are starting to learn the alt coins too. I expect a nice bounce off the 50% line and then continue downwards till 40% ALTSZN
Bitcoin Dominance critical S/R is being tested and we've some moves below it. If it breaks completely we should see ALTS really go into high gear. Assuming history repeats itself and institutional investors don't just pull out entirely (temporarily). But we should see whales pump ALTS in a drastic and quick way. Be prepared for shakeouts and to sell at the top....
As you know we're entering the summer vibe and every summer begins with Ethereum surge and dominance decline which is more bullish for altcoins. I Predict we're almost having a support in the BTC dominance and after we could go back to 53%, at this point I see a left right shoulders on monthly frame chart which is bearish; back to 40 %, but if it breaks above I...
Here we see our Bitcoin Dominance chart which today dipped into 51 area ! This is major ! Our expected Altseason won't happen with a high Bitcoin Dominance chart so it's great to see this dipping even lower right now! You can see we are under the daily Ichimoku cloud . We are under both the 50 MA and the 200 MA . And we have hit a TD Sequential 9 in red on this...
The recent dip spurred some fears but so far the sell-off didn’t spread beyond Bitcoin. ETH, BNB, and many other cryptocurrencies already recouped most losses. The usual weekly questions to Hybrid Intelligence can help to gauge the trend: “Bitcoin crypto market share settled at 51.91% at 12:30 PM UTC on Wednesday, April 21. Will Bitcoin's market share climb...
If BTC.D Break Down 50-51 Long Term Support, Altseason is Coming... What Do You Think?
Traders I know this last move was a surprise to all of us but we need to remember that historically this is normal and very mild. In the last bull market BTC had over 7 20 % or larger drawdowns. Its imperative that markets have shakeouts to reset funding in order to climb to new highs. I posted about 12 hours before the big move down that I felt strongly that...
#BTC.D BTC.D now face a strong support zone, that may take time to break. Also a fractal from 2017 shows we are still at the beginning of alt season.
Bitcoin has been dominated recently by a huge influx of alt price increases while the price of BTC has steadied. However, it looks like a pushback is right around the corner in the next few days based on the current trends. On the one hand, there is a horizontal parallel channel that has continued since the beginning of 2019 (blue dashed lines)! On the other...
I think this is a very strong signal that I can see, It has many patterns that show it gonna go more down. After that, we gonna meet Altcoins on the mars. But everything has not to follow patterns or technical analysis, if some good funda comes for it, so has a chance for a pullback. It's all about time. "Like and share if you see it important"