BTC Price Perspective: As of now, the dominance of Bitcoin (BTC) in the crypto market is quite close to the cycle top at 56%. Based on previous trends and current market observations, I am anticipating this to reach around the 57-58% mark before experiencing a rejection, much like the last two cycles we've seen. In the first cycle, BTC dominance was at its peak...
Bitcoin Dominance showing weakness also oscillators diverging may signal a switch to altcoins season soon!
💹 Let's dive into the Bitcoin analysis we shared last week, update it, and discuss the conditions for the upcoming week! 🌟 Weekly Updates: Starting from Monday to Wednesday, we'll cover , Monday: Bitcoin and Dominance analysis , Tuesday: Ethereum and ETH/BTC analysis , Wednesday: Gold analysis These are in addition to our daily analyses. 🎉 Channel Milestone...
Hello dear traders. Good day . First of all thanks for your comment and support. ----------------------------------------------------------------- As you can see bitcoin dominance on weekly Gann Square reach to the reversal time zone and stops at Gann Square Fan line. We expected to decline and support in next Gann Arc resistance. Altcoin season will be higher...
Might be a drop here down towards the 200 day EMA/MA and the bottom of this bull flag or falling wedge on the daily. This could provide some reliefs to #alts vs. BTC while Bitcoin corrects down to 60-63k area Short-term short until 53-54% area, then long again, may range within the wedge for a while, too.
Bitcoin Dominance is pulling back towards 50MA resistance on daily, seems likely to get rejected next. ⚡️⚡️ #BTCDOM/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 6.0% Current Price: 2374.2 Entry Targets: 1) 2411.5 Take-Profit Targets: 1) 2010.3 Stop Targets: 1) 2612.6 Published By: @Zblaba ...
This chart Total 3 minus the 3 biggest stablecoins OVER the price of #Bitcoin If this number is going up so are your #altcoins We have a clear double bottom forming just a matter of clearing the neckline to confirm. Also interesting to note how the 0.786 Fibonacci was front-run by eager investors looking for Risk assets.
Making gains in #Crypto has gotten harder and harder with each passing cycle for the vast majority of participants. That is an unquestionable truth that I see and hear from people. #Bitcoin itself is in it's 4th Hype cycle... which is bearish 2013 Mt Gox ponzi cycle top/collapse 2017 Eth/ICO craze, CME futures. CNBC XRP shill top. 2021 Uniswap/DEFI innovation ,...
If daily price closes in the orange channel and continues to range around the roof in the mentioned channel, it might be a good opportunity for a short position. I'm still long, BUT am waiting for some more confirmations in the solbtc and btc.D charts.
The dominance dump that led to the last alt coin rally, based on reviewing the monthly chart, shows a bearish engulfing candle (red box) before breaking down out of a multi year trend. This time we are seeing a recent bullish engulfing candle (green box) and what seems like a possible bearish fake out based on the bullish trend support line over the past 2 years....
BTC.D is at 55.60% (Live), Breakout Of Trendline Resistance (58%) Will Lead A More Crash In AltsCoin FakeOut Will Be The Bullish Sentiment For Alts Market
Bitcoin Dominance ( BTC.D) is giving a fantastic trading setup. It's preparing a BIG Bullish Swing. From an Elliott Wave point of view, a bullish Impulse Wave is about to start. In this case I'm talking about Super-Cycle (C) (turquoise). Moving on to Harmonic Patterns, there are two: The smaller one is the Bullish Shark, which is preparing its completion. The...
This would really upset the #Bitcoin maxis's wouldn't it? :) The number's in terms of dollar's per coin start to get ginormous. Assuming a $6 trillion Total Market cap and a peak dominance of 38% by ETH = 2.28 Trillion market cap for Ethereum Divided by the current supply of 120M coins We get a usd value of $19k per coin Is this my prediction ? IDK...
#btc #bitcoin dominance has bounced after leaving the channel. Now, #btcd performing a bearish retest. If reclaims the channel BTC.d may rise. But, in my previous posts, i have said BTCD chart has an important bearish divergence (now as seen on the chart with red lines). Thus, if bearish retest succeeds, BTCD declines here and fails to enter channel, money will...
👨🏻💻 CRYPTOCAP:BTC DOMINANCE (LOCAL) UPDATE #BTC dominance was rejected from the historical descending trend line (that I believe will never be broken upwards), but faced a local horizontal support at 54%. Once this level is broken downwards, the massive Altcoin Season will start. When majors will finally print not just 5% - 15%, but 50% - 100%+ profit. As...
BTC dominance is currently around its resistance line on 4H timeframe and it recently bounced back from the support level. if btc breaks this resistance level we can expect the btc price to pump and ALTs to bleed. im expecting the dominance to get rejected from the resistance level and hit the support again. Lets wait and see
BTC.D - KEY LEVELS FOR THE NEXT ALT SEASON (MAY 2024) When can we expect the next Alt season? It's been a long time since the last one. For a potential Alt season to occur, we need to break through the critical 54% level. If that doesn't happen, then the 58% level has the potential to trigger this scenario.