Hello my friends, Consider Bitcoin market cap to help identify market movement and the Altcoin season Specially after market correction. Good luck. Good luck. If its useful please like it as a support and follow me for next analysis :)
analysing the ascending wedge of BTC dominance, I estimate the All time low BTC dominance to reach 31% Since most estimates puts BTC around 120k by the end of this bull run that would place BTC market cap at 2.25 Trillion And the Total Market cap at 7.5 Trillion Just playing with numbers :) So don't get scared off by this correction, we might revisit 38k....
I expect to move up from the orange area. The price should react to the red trend line.
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. Do not forget to read the other analysis I've recently posted. Links are given just below this update. let's get to the chart. the dominance followed...
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 dominance broke the trend downwards and moved below the support. Currently at the next support at 45%. Meanwhile, Total Market cap is on the rise. We could see the Market cap moving above 2T and next resistance at 2.15T. Alts dominance is increasing. Alt Season ????
There are many parallels displayed in a few alts like Bittorrent and ASD which got ahead of themselves. Some coins are way ahead compared to many others which have barely moved or met an all time high, it makes no sense to state bullrun is over or even that altseason has already happened. If we review the correlation many alts had to that of Bitcoin from the...
Tighten your stops & be extremely cautious with Altcoins! BTC Dominance is breaking out of a perfect Ascending Triangle Target 1 coincides with the projected MA200 and Major Support zone from 2018-2019 Target 2 coincides with the projected MA300 and Major Horizontal level If this setup fully plays out, get ready for some blood bath in Alts against Bitcoin...
BTC.D If BTC dominance get rejected from %50 area, we can consider a bearish rising wedge pattern and be hopeful for an altcoins rally. Large caps will follow ! In case $BTC breaks %50 resistance then we should expect a correction on #altcoins and stay out of all altcoins positions. P.s #Bitcoin is now trading around $40k This is Not Financial Advice !
One of the important factors in the growth of bitcoin to + 50K, Dominance most reach above 50. And as long as the dominance is below 50, it is possible for Bitcoin to fall to the 20,000 channel at any moment. In this market, we have learned to expect everything. AqayeSalehi
Inverted head and shoulders and back to the way it ought to be by 2023. The world will have changed so radically, you won't be able to recognize it anymore.
BTC DOMINANCE UPDATE breakdown of Bearish pattern as expected in my previous analysis In 22 July Now its looking more its heading down Can we have good Altseason soon ? Best of luck
On the Bitcoin dominance chart a bearish wedge has formed. We are looking for a clear break-out that could lead to a continuation move. A potential drop to 35% is on the table - fuel for Altcoins to shoot another leg up. This is not trading advice. Happy trading!
we will see 30% BTC.D at the end of this cyrcle! maybe we can see flipning for a few days!!
I think btc.d is going to 66% and then we should see alt season coming in to play where dominance can go as low as 20%. For now i will leave things like this waitng for fibonacci retracement.
BTC.D Altcoin season will start soon