Hi! As you can see, strong candle of dominance pushed away from both the support and resistance lines. All indicators I need are pointing to a hike to the upside. I still consider the most important point of this move to be 51%. I am ready to say anything on the other targets only after it reaches this point.
Excluded Bitcoin and added some alts coins for watching them grow.
It's fun to go back to chart I haven't seen in months and see that my TA has played out like I thought. Here you can see the first trendline I drawed on this chart (in yellow) and then at the retest I saw the H&S. By book the retracement should end around 360Bil USDT but I think this will stop around 550Bil USDT (cyan dashed line). Here you can see TOTAL2 (w/o...
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. BTC.D UPDATE:- BTC dominance breakdown horizontal resistance retested successfully and currently moving towards its demand zone. As BTC.D is bearish and BTC is showing...
The bitcoin dominance graph looks very strange. I think the reason for that is that a huge number of hands bought Ether hoping that Ether 2.0 itself would immediately pump up its price. That's why everything looks so unnatural, it's hard to predict anything. We have a candle and some divergence. It should start to rise.
BTC.D 4H This analysis is for short term trading, don't use for long term trading.
#Bitcoin Dominance Technical Analysis:- As Per Daily Chart Bitcoin Dominance is Bullish IMO. BTC Dominance Bullish = Altcoins Bearish Now I am expecting if Dominance Pump from here then Big Down relly of Altcoins in next couple of days. Next Resistance is 48.50% If Dominance hit 48.50% Level then we can see Altcoins approx -50% drop from here. Keep an eye on...
#Bitcoin Dominance Detailed Technical Analysis :- $BTC dominance currently trading around 40.66% Which is very Bottom area of dominance. 39.60% Level is Strong support level. If Bounce from this Level then Best Strategy is Exit From Altcoins. $BTC Pairs Will dump hard if Dominance Increased and If BTC pairs Dump then USDT pairs also Dump. Now..? I am exiting...
#BTC #altcoins #dominance #education ▪️Bitcoin dominance index is an indicator that indicates the ratio of bitcoin capitalization to the capitalization of the entire cryptocurrency market . ▪️How does btc dominance affect the market? - When the dominance of bitcoin falls, altcoins begin to rise - this is called the alt season! ▪️Now the dominance is at...
Hello , I would like to highlight that Dominance is at Critical Point. It completed its Narrowing Wedge ,and there is also a resistance at 40.90 level. From this point , if BTC grows higher and Dominance stay stable or go higher , alts can start to pump and go higher. But if BTC goes down and dominance start go higher from resistance level , it means money will...
Following the EW path... Alt season coming? Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but...
So, let's look at 12H chart. It's no fun. There were all three EMA crosses, the candles are under the tenkan and under the kijun. The rejection from diagonal. I expect a retest of the ~41.5 level. From there up movement will resume. But pay attention, BTC dominance is falling now, but the altcoins are slowing down, because the bitcoin will very probably break...
I am expecting a collapse for btc dominance in the near future. “People become risk seeking when all their options are bad.” —Daniel Kahneman
Updated dominance idea. Perhaps bitcoin is going to survive this bear market at these levels while the alts capitulate. Else bitcoin moons and alts stagnate.
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
1/ Bitcoin Dominance ⬆️ - Altcoins in Sats ⬇️ 2/ Bitcoin Dominance ⬇️ - Altcoins in Sats ⬆️ 3/ The slope seems less vertical this bear cycle suggesting dominance won't go as high as last time
hi guys the last bitcoin dominance in daily. what do u think?