Hello friends, today you can review the technical analysis on a 1W linear scale line chart for the Bitcoin Dominance. I generally look at candlestick charts, but for presentation purposes, a line chart is used. 1) The BTC Dominance has been respecting a Parallel Channel since the May 2021 crypto market correction. 2) Also there is a Bear Flag Pattern that has...
Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. I don’t know if wave (e) has already been set or we will only start to form it now, in any case, I’m waiting for the fall of bitcoin domination to the area of 29-32%, we will confirm the fall by breaking through 40% Good luck everyone! Follow me...
Bitcoin dominance is once again falling after what looked like a possible reversal to the upside of this descending channel, i predicted that we would see a push up to the top of the channel before then bouncing off and continuing the downtrend. We are looking very good as far as the altcoins are concerned, everytime BTC dominance falls the altcoins get a boost...
Bitcoin dominance is once again continuing the fall and the altcoins are going to absolutely love it, even when we see a slight drop in BTC.D the altcoins begin to breakout! We are currently sitting on the 41.57% level and there is a good chance we see a push through here for our daily close, even if we don't close below here today i think the time is coming soon....
The price(well, value in this case lol) fell out of the rising wedge, after which it formed a lower high- which then turned into Head & Shoulders, and finally closed out the pattern by breaking the baseline. Waiting for break of 44.44 for a stronger confirmation. The idea is also backed by the previous ETH/BTC idea I posted (check related ideas below) as the...
Taking a look at our Bitcoin dominance chart and we notice one thing right off the bat, a big shift in momentum and lots of pressure to the downside, want to point out aswell i have called this from quite some time ago and just recently in the past week or so! We have fallen right out of our bearish wedge, rather than taking the long way we decided to drop out...
Altseason could be rolling around once again just by the looks of this BTC dominance chart, we aren't showing any signs of a climb back up and thats exactly what we want. we have taken out key support levels on our first fall and we are eying the 43% level for our next target and the altcoins will love it! If we look at the bollinger bands we notice one very key...
Little update for our Bitcoin dominance before we head into the weekend and the very first thing i notice and that ive been talking about the past couple TA's is the current support level at 44.68 we aare once again seeing a push below here which is going to be key if we can see a daily close again under this level, will add to the already bearish pressure on BTC,...
checking out bitcoins dominance we have gone on quite the fall recently and the altcoins are absolutely loving it! We are currently getting held up on the 44.75% support level and this is our forth day testing this level and i believe we could see a breakdown coming up soon, there is a chance we continue the sideways movement aswell but either way i think the...
BTC Dominance Chart on a monthly basis. RSI has created a double bottom so expect a good sign of upward movement soon. Possible bad sign for altcoins for a period of time as BTC dominance goes up. Let's hope Ethereum and other Alts can have their happy day before dominance moves up too fast. Disclosure: This is just my opinion and not any type of financial...
Bitcoins dominance has risen up along with bitcoins price and hurt the altcoins almost all around the board, but things are looking up for altcoins as bitcoin dominance looks like its about to tumble down. As dominance falls altcoins will start to rise and the more it falls the more Alts will pump, keep in mind bitcoin can initially drag down the market if we see...
BTC.D has breakout nicely its inverse head & shoulder pattern, a little pullback / correction currently. Will expect another run for btc to ath, before being follow by altcoins.
Recently you may have noticed while BTC price is surging, but altcoins have remained stagnant. The reason behind this can be found by looking at the Bitcoin dominance chart. The simple theory is Bitcoin dominance down altcoin go up Bitcoin dominance up altcoins go down I treat this chart like every other, as it always indicates when an altcoin season is more...
Checking on how are bitcoin dominance is doing and we find something most wouldn't have expected, a breakout to the upside of this historically bearish pennant, but it may not be what it seems and i think this could be a fakeout scenario, we are currently breaking up above the 42.37% heavy resistance line and will be fast approaching the 42.62% heavy resistance...
Taking a look back at our Bitcoin dominance hidden bearish divergence things are starting to play out just like we would want, this strong pattern indicates a continuation in trend and we are clearly in a strong downtrend, this is very positive for altcoins especially as dominance falls Bitcoin will have less of a grip on the market and this can and usually...
Checking out BTC's dominance i have found something very clear if you know what you are looking for and that is a hidden bearish divergence, and yes this pattern signals a continuation of trend, and we are very clearly still in a strong downtrend as shown by the multiple move path to the downside and aswell as the RSI being below the midline for months now. So by...
Bitcoins dominance has been running the opposite of the market while we see a rise here we have been seeing some very red days for the overall crypto market, that might be ending pretty soon, Bitcoins dominance is currently facing very heavy resistance at the S1 level after falling underneath, we have many many wicks from even years ago on this level and its been...
Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get straight to the chart. BTC dominance started falling from the 48.6 level (the circle) we called the alt season at that time. Many altcoins...