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...
Bitcoins dominance is really showing struggle with its continued fall and i think we could be looking at a bigger push down coming soon, we have held up on the 40.5% level but we wicked down to another support level at 40% the previous altseason in 2018 saw a BTC fall to just below 35% for the peak of the alt cycle and i personally believe we could see a bigger...
Made this graph on July where the blue vertical line is marked, as you can see dominance appear to found support, and we had a small Alt Season Recently. BTC currently trading in 52500. Alts are going crazy right now. At this point a BTC rise with the dominance is logical, if this happens we may have alts bleeding. Be Carefurl on your alts...
Bitcoins dominance level has fallen below key support at 43.32% and we are now looking for a drop to the 41% level! This would be very positive for the whole market especially the altcoins, there could be a initial drop from dominance crashing but afterwards we will see the market start to breakout! First off on the MACD we are seeing a bearish cross with the...
Bitcoin Dominance has been consolidating around 0.5 fib. We are just about to test the trendline resistance. If the trendline is broken, we can see a 50% - 61.8% correction of the recent downward movement followed by downward trend continuation. Though there is also a possibility of retesting the previous support of galling wedge. Depending upon how this plays...
Welcome to this quick Sunday 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. Dominance broke down and followed our speculated move exactly as shown in my last chart! I expect the dominance to break to the downside,...
Btc's dominance has been falling recently along with BTC price action and the more we fall lower and lower the more altcoins will start to explode, as we can see today already BTC is down nearly 3.5% and ETH (leader of the alts) is up around 7% or more. Now looking at the path btc dominance is on we are approaching the 45% support level like i drew with my semi...
Bitcoins dominance level is on the fall once again after i thought we would see it happen a bit earlier but none the less this is positive for the market overall! We have actually passed a very crucial level here that could bring us an overall trend reversal, we have crossed the pivot point and if we can secure a daily close here we have a very good chance of...
Based on the chart we can see the uptrend has been broken and the rate has come down to the previous super strong support zone and it's ready for the pullback to approximately where I pointed which means a few days of Altcoins dumping.
If we are going to see further downsides on Bitcoin dominance, these are the likely points of descent price will reach Yellow - Extra Alt Season Red - Super Alt Season
Bitcoins dominance is looking very stubborn after refusing multiple times to break below the 45% level and now rebounding once again back upwards. I think theres a chance we see a pump in BTC dominance and that usually brings a big hit to the actual crypto markets, i think we could see a 'top' around 48% dominance before then falling back down and ultimately then...
Bitcoins dominance has been ranging from 48% to about 40% as of late and i think we are going to start to see a hard fall upcoming in the next week or 2. We are getting some support around 45% dominance and i believe once we see a full break of this level we are going to start to see this fall, we have a unusual gap at 44-43% and i think we could see a fill as...
As we have seen when BTC dumps gthe dominance level spikes up significantly and we have seen some nice green days like today after pullbacks, my drawing is pretty accurate so far and we could still see a little more upside in dominance to that peak at 48%. As we can see too this level is a pivot point and there is a good chance we reject off both. We are looking...
Bitcoins dominance has been rising again while the market has been taking a hit and i noticed there is a clear pattern that could definitely play out... the double top (bearish), we will have to keep an eye on this as we are pretty close to this 48% level. i think we could keep seeing some sideways and downwards movement while dominance climbs up to 48% then we...
We saw a huge wick up in BTC dominance yesterday due to the massive correction. We have stayed in the descending channel and didn't even close above it, we seem like we are back on track now with dominance falling again. I figure we could see a bounce off of the 40% level but we may not because it has been weakened over the past 5 days. We almost saw a flip in the...
BTC dominance holding up at the historical 40% level and having a healthy market correction at the same time, in my eyes this lines up perfect for a huge altcoin run soon enough, a big shakeout even getting retail investors out. I believe we are going to see a huge boom when btc dominance falls below 40%, Our 2018 altseason peak was aprx 35%. Remember that this...
BTC has been taking a bit of a hit dominance wise and price wise, dragging some of the market down but not all alts. What I am mainly looking at is the MACD we are seeing a big swing up and now seeing a very bearish looking MACD with our orange about to cross ontop of the EMA and the MACD Leader (Red) is beginning to slope pretty heavily to the downside. We could...
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.