Potential PO3 formation is present on the BTC dominance chart. It's advisable to be cautious in the coming weeks. Take a risk, make some profit!
Previously, I shared a Cup and Handle formation on BTCDOM. The target for the Cup and Handle was 500 billion. Yesterday, following the favorable ruling about XRP’s legal standing this pattern broke below the 340 billion support level. It is still a bit early to call an altseason because there was no retest of the 340 billion level as resistance. Regardless, the...
BTC.D #BTC Dominance is still moving around strong resistance area, If it will breakout from here then expect a black swan event for Alts but if we get a proper rejection then Be Ready for Alt Season! Wait patiently for clear confirmation
BTC Dominance is now ready for upward ride start shorting your alt-coins for long term BTC dominance showing some support 41.50 and creating double bottom at these levels at weekly chart so be careful for long term trade regards saqibmirza
Based on Elliott wave and machine learning btc.d will dump soon to 33% and could go more down to 25% this will give us a alt season for coins could see 800%-1000% from here for alt.
Weekly results show no signs of the trend continuing. At two weeks, there are still 48% in the rejection area. When the volume is viewed, there are no clear indications, but it is clear that the 48% area is still quite powerful, and there is a chance that he will move back to the 47% area.
No worries for alts just keep holding the positions. Huge rally is started :)
Previously I shared dominance analysis for u. Now we are seeing that is, dominance is started to go down. It means that, winter is coming :). Check my profile that I shared before. :)
I believe the rally will continue with altcoins therefore causing BTC to lose its power in short-term. Invest at your own risk.
Bitcoin Dominance Index seems about to reverse, ahead of the Ethereum Merge it's an opportunity to hedge against big Altcoins. ⚡️⚡️ #BTCDOM/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (2X) Amount: 11.8% Current Price: 1197.3 Entry Zone: 1192.8 - 1144.0 Take-Profit Targets: 1) 1168.4 2) 1380.2 3) 1469.0 Stop Targets: 1)...
Bitcoin fails the Howey Test, because it is the only (crypto)currency without an issuer (government, corporation or "foundation"). Therefore, it is considered a commodity by US law. Every other altcoins passes the Howey Test. That means that other cryptos are actually securities in the eyes of the US law. But these securities aren't registered to the SEC, so...
BTC dominance has broken and retested the downtrend. I don't think it should be expected to fall under this trend for a long time.
Here we can see that "BTCDOMUSDT" in 1 day time frame has a trendline resistance at "1432" and a support zone at "1341". If the price takes rejection from the resistance zone we can look for a good SHORT TRADE here. Entry zone at "1432" with a Tight Stoploss at 1455" ans a Target of "1340". ENJOY!!!!!
BTCDOM (Bitcoin Dominance) Insight Bias: Short Timeframe: 4H (240M)
It looks like Dominance has broken all the hearts that believed in a huge alts rally! Bitcoin Dominance (Tradingview) bounced from near the 40% area and it is expected to continue with bullishness, that too with Inflation data release waiting up tomorrow.! Entry : 1326 Target : 1473 (0.5 of Fibo) Stop : 1243 (Current day candle low) Total no. of Analysis :...
Hello, welcome to this BTC /USDT 4hr chart update by CRYPTOSANDERS. I have tried my best to bring the best possible outcome to this chart. Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Bitcoin (BTC) prices rebounded on Friday, as...
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BTC .D UPDATE:-BTC.D bounced from the horizontal support, currently facing local resistance and trying to break it. An upward direction is expected if it successfully...
SPX and BTC are correlated, and the SPX could reach 3300 while BTC hovers around 14.8-12.2k according to some Fibonacci retracement and long-term supports I have drawn on BTC. Happy Trading.