🌴 Paradisers, let's discuss the recent developments in the Bitcoin dominance (#BTCD) and its potential impact on the cryptocurrency market. 🌴 💎 The Bitcoin dominance recently reached a new higher high, hitting the 49.66% mark. This is an important milestone, as it signifies the breakthrough of a long-term resistance level. This breakthrough opens up the...
Bitcoin Dominance is about to go through the roof. The weekly RSI is at its highest level since September 2019. The setup we are seeing now is something we haven't seen since early 2018. We are also about to experience the "mirror image" of the phase that took place in Q1-Q2 2022. Mirror image as in reverse. We should see massive growth across the...
BTC dominance broke 50% and there is minimal resistance until 52%. If 52% breaks we could scam wick to 54% and down or continue to 57% and rekt the altcoinmarket. most likely scenario seems to be 54% currently, but with big financial players entering BTC etf we might see higher.
Look at the size of the reversal pattern that has formed. It looks like a year and a half long sloping channel. I put a 3D Renko to remove all noise, and left only VFI LF. That's the way it is. Regular bullish divergence and very persistent. I believe there can be no real (as we like 3-6 months, not these "2-3 day alt-seasons") alts pumps in 2023, because...
hello dear traders this is advanced price action of bitcoin dominance Where Will Quasimodo Generally Appear? Quasimodo pattern appears at all time frames. It occurs always after a significant rally. Then the market is manipulated to create liquidity. Where the retail traders are captured, the profitable trading opportunity is created there. Quasimodo is very...
if 46.55% held BTC.D we will see masive rally to 51.2% , 53.2% , 56.5% , 58.2%
Bitcoin dominance shows similarities to Wyckoff accumulation here, getting ready to enter into Phase E after SOS in Phase D. This chart inspired by a comment from @averkie_skila on my previous Bitcoin Dominance chart here:
Previous tops for Bitcoin Dominance in this range have behaved similarly, as has RSI. Each time we topped out, RSI moved higher and higher and then dropped hard. This time RSI has formed a falling wedge, and it looks indecisive. It could be seen as a bearish divergence, as RSI moves down while price moves up or sideways. However, as RSI has already fallen...
BITCOIN DOMINANCE,BTC.D upcoming move is small correction follow by pump which will definitely bad for alts
Traders, A wick down tagged our neckline precisely as expected. Now, we’ll probably incur a few more days of price action down in this area, but I’ll buy now to be safe. It’s only 50 dollar down to that neckline. Target will be 3,000. SL will be 1500 for now (to be adjusted as that 200 day ma moves up). More trades to come. Stew
Traders, As outlined in this mornings video, altcoins remain relatively strong as compared to Bitcoin. This is a bullish indicator that alts may be gearing up for a bit of a run in the next few weeks/months. Another chart to keep a close eye on, of course, is our BTC.D (Bitcoin Dominance) chart which is currently showing a bearish Head and Shoulders pattern....
Bitcoin Dominance looks like it wants to head down to 45-46%. Why? - We're moving up within a parallel channel on the weekly chart here, good chance we'll see the bottom of it again. - Our highest weekly high did close above the previous one, but with no wick and not as high as our highest wick. Hard to call that a strong breakout - Volume isn't here yet...
At times, charts can be quite difficult to read yet at other times, the end-message can be quite clear. Bitcoin Dominance (BTC.D) is giving out a clear message and that is up. Mid-March, BTCD moves above EMA100 weekly on a major green candle. The action that ensues is what makes the message clear. For the next month and a half, 6 sessions/candles, BTCD...
Traders, Alts are sitting precariously on a level of support right not. Will that support hold or will it fail? Let's look to the charts to find some more clues if we can. Stew
Basically, bitcoin's dominance was rejected at a historic high, this could perfectly mean the beginning of another altseason, the ideal was from now on for bitcoin to remain at the same levels or rise while its dominance goes down, I fully believe that dominance may reach 40-41% again, and that many altcoins will rise in the coming weeks.
Hi dear community and my loyal followers. Are you waiting for your altcoins to burst and explode? Do you want to know when mini altseason2023 starts? Let me update some ideas. As you see BTCD reached to the key weekly resistance zone 48.5-49% and rejected strongly with potential weekly shooting start or bearish pinbar. At the same time daily BTCD broke down...
In my most recent analysis on BTC.D I wrote that we were at an important resistance area. We would either blast through the resistance, and continue the Bitcoin-only bullish move, or we'd see a reversal where alts would start to outperform Bitcoin by a large margin. As seen on the chart, BTC.D has seen a reversal from the top resistance area. This has given...
First monthly green bar on SQZMOM since oct. 2020. I'm not looking forward to the alt-season. There is a transfer of expensive coins into impatient hands. Don't follow my ideas don't believe me if I disrupt your plans. Trust yourself at all times. Be anarcho-individualists, and despise pack. Do you think I'm wrong? Do it your own way. Responsibility for...