Dear Friends dominance had a breakout in the support zone. Wait for market reaction. Disclaimer: Information is provided only for educational and exchange purposes only. Do your research before taking any action or decision in the real market.
#BTCD Bitcoin Dominance is above long term support zone and inside a daily support zone, also there is a descending parallel channel that dominance is above middle line. BTC dominance can head up to break out from upper line of channel to touch daily resistance zone and divergence of RSI help this scenario. but if dominance reject from upper line, it will drop to...
BTC.D. forecast from Wunderbit trading Rising lows on the RSI. There is a high probability of a rebound from the support line. The alt season index has changed its direction towards the Bitcoin season. If the domination of bitcoin keeps support, then we are waiting for the bitcoin season. The fear index starts to rise. After the red zone, Bitcoin often begins to grow.
Triangle broke from bottom, this is the possible scenario When USDT.D comes down, crypto market goes up USDTD can go down to the support zone
I predict that the bitcoin dominance chart is forming a bearish descending triangle. If this prediction actually works, we will see a great altcoin season that low cap coins making 10x and bitcoin price close to 80k. The dominance aim is 27% at the end of Q1 2022. The next 3 months will be exiting for us.
We have two green 8H candles inside a converging wedge. Add approximately 120 bars and extend the arrow diagonally to the upper border. Voila. I am only missing green dot on VFI but it will pull up following the Stoch RSI. Alt-season in December is increasingly in doubt.
If you studied the BTC dominance chart you knew that the 40% market share for BTC was a key support. Once hit, there was only one result... altcoins will bleed and now they are all in double digits red. Bitcoin dominance has bounced of the support and now is moving higher. Yes, BTC price is also falling, but not as fast... hence BTC is gaining in market...
In the daily and weekly timeframes, a downward pattern is quite evident I consider the possibility of further decline and the beginning of the Alt Season to be very probable
Maybe this is the floor of ownership of the BTC...
As a continuation to my last post, I expected a downtrend continuation of bitcoin dominance looking for 36% and 30% levels. At the moment it's about at 40% floor and aiming to break it. Looking at the green fibonacci circle critical level, it has been already broken and also moving averages are starting to break. Currently we can see already stronger uptrends...
First, Bitcoin Dominance is bullilsh for altcoins. Bitcoin Dominance does move in Elliott wave patterns. Which one might not expect, as it is a 0% to 100% chart of market caps. Bitcoin Dominance (BTC.d) is finishing up a wave IV corrective ABCDE triangle pattern. Leading diagonals are not allowed as any of the legs of a triangle. But, I can't figure out a way...
i think bear seson is starting. Be careful that bitcoin does not hunt you down. The last chance is to leave the market ... If Bitcoin's 40% dominance in the market is broken, we have alt season, but if the wedge breaks up, Altcoins will be dragged to the ground and blood.
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. I have tried my best to bring the best possible outcome in this chart. USDT DOMINANCE broke out the channel and retested it let see how the 4-hour...
Btc.d looks ready to go up a bit, may btc regain some of dominance to sustain a rally. I think it will not go too much high. Altcoins are very hot ! Here for you, as always, CryptoSoap.
Quick Update : - Don't be Scary about your alts, as you noticed yesterday while BTC was pushing, Alts did an inversed movements, it just was caused by TheKing Dominance growing. - Many times in history when BTC was pushing too fast and too strong, Alts were oppressed by the power of peoples buying...
The dominance of Bitcoin may show growth during December.
- So after this new Chinese FUD about EVERGRAND, you should take your habits after countless "Chinese FUDS" :D - This a Quick update without "Price Talk", but about the most important indicator in this BullRun, " The King Dominance ". - So i explained a in an older analyze what happens when BTCDOM up and What happens when BTCDOM Down. so check it again here...
Despite 2 weeks long downwards market direction, BTC Dominance continue to drop lower. It seems that capital from alts during the dumps goes to stable coins as Bitcoin capital. Bigger alts players are down almost the same % as BTC. Chart setup is intact and the more time passes it more confirms that this bull market will continue thru Q1 and probable at least...