Hello guys, Consider Bitcoin market cap to help identify market movement and the Altcoin season. To altcoin party we need money flow from bitcoin to other coins which we can see this on the chart now. So we have to wait for it to break 47% and complate the reversal pattern, and on the condition that the price of Bitcoin does not fall too much and stuck in trading...
Nobody Knows Where is Price Going.
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identify Liquidity Or Become Liquidity
The last time OBV on the monthly hit this resistance line was November 2015, Sept 2019 and Jan 2021. We have OBV resistance and also trendline resistance here.
Most significant 'Pumps' has 2 pre-requisites:
Bitcoin and it's Dominance both rose in the previous period, whereas Alts were rising slower than Btc Dominance.
From left to right you can see the history starting September 202 with Dominance rising at 49 degrees and ALTs rising at 14 degrees (yellow letters and trend angle lines).
In the period after that and...
In analyzing the market dynamics, the value of BTCUSD plays a significant role. Nonetheless, in addition to BTCUSD, I am keeping a close eye on the BTC dominance percentage, which measures the dominance of Bitcoin in the cryptocurrency market relative to other cryptocurrencies like Ethereum (ETH).
If the BTC dominance percentage breaks out, it means that Bitcoin...
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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed...
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The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the...
Traders,
It's worthwhile to review my most recent altcoin trades, targets, stops, and strategy. I will also review Bitcoin, Bitcoin dominance, Altcoin market cap, and a few of the other alts I am waiting to enter.
Stew
According to the BTC Market Cap Dominance (BTC.D), a huge alt season may be upon us if the Rectangle that has been ranging in since May 2021, breaks to the downside. The pattern is quite similar to April 2014 - June 2016. That was when Bitcoin (orange trend-line) was in a Bear Cycle and on September 2015 it was coming off of it. It appears that we might be where...
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The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the...
BTC.D is clearly at the top of this macro range.
USDT.D is also dropping.
This means we may see a mini alt season as alts follow BTC's recent rally.
One counter-argument is ETH Shanghai update - Lots of staked ETH will be (is?) getting unlocked, which could create a lot of sell pressure.
Some very crypto/finance savvy friends are shorting ETH here.
ETH makes...
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.
Expecting bitcoin to move back down to support following a daily candle closing below local support.
Along with this BTC.D chart, clear bearish divergence suggests BTC will be weak in the coming days/weeks.
You're too late to #Bitcoin and #Ethereum
As a vehicle upon which to make retirement money
No matter how much we like or love them - that is the hard uncomfortable truth
When Boomers and stonk market copers believe they are legit as they do all over CNBC you must not put these at the foundation of your core portfolio going forward.
But as profit taking...
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Everything on the chart.
Like for me, we're completed our upward movement in form of ending diagonal
Time to decrease, minimal target zone 45.5 - 44.5%
cancellation of scenario - 48.5%
Good luck everyone!
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Bitcoin dominance is at the top of this range that it's been stuck in since May '21 and seemingly turning back down. A bunch of the alts just printed weekly trigger waves or bullish divergences as well. I smell an altcoin season incoming!
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.
