look at previous post for some reference here but all in all great time to scalp cost average or just take some profits with loose re buy plans "if we look at the trend indicators below in current time we see ETH dominance breaking above everything else (BTC ETH ALTS and others like BTC.D ETH.D USDollar Index etc) This is due to ALTs getting out ie taking ALT...
Bitcoin dominance is currently retesting the 4h demand zone at 43.4%. It needs to move up and do a clear break of structure above the high at 43.65% in order to move up again.
bitcoin dominance - maybe a little altseason pump will come - maybe!
You can easily see how uptrend was started and now it's downtrend
small gap witch can be tested next few hours action in Btc price
While Dominance alone doesn't mean much for spot, let's keep this in mind. New cycle already started ?
From this day forward this pattern shall be known as "The Golden Goose" A golden time is before us. While BTC.D is back at all time lows forming the double bottom of the century, the ducks will fly.... but do not look to the fowl sky for long look to the nest where the golden goose lies
Just an idea on (BTC.D - some stable coins) I modified the price data on BTC.D to exclude influence from USDT.D and USDC.D, just b/c those make up a sizable proportion of crypto's market cap that isn't of interest when comparing what type of risk (non USD) traders and investors are preferring.
The flippening, or when ETH exceeds BTC in dominance, aka flipping dominance, will happen on May 2023 according to this chart. By charting the ratio of ETH dominance, ETH.d, to BTC dominance, BTC.d, the flippening occurs when the ratio exceeds 1. ETH.d to BTC.d ratio has printed a cup and handle pattern on the higher time frame. This pattern's measured move, if...
BTC.D breakind multiple lows in the consolidation phase so its about to break hardly like past events. Stay focus at this, BITCOIN EVENT ARE NOT OVER YET!. If FED hikes 50 BPS in December we are going to visit 30k and eventually ATH. Hyperbolic phase is about to come in the next months. Dont be trapped in long term visions.
Hi all, I have created a new BTC Dominance Graph by excluding the stable coins. I believe this will give a better understanding how the altcoins will react in the future. My strategy: At 58-60: Take more risks and increase altcoins in the portfolio (If BTC starts a bull run, I would expect 70 as target) At 42-43: Reduce risks and convert altcoins to BTC or cash...
Bitcoin dominance has bounced off the 4h demand around 43.4%. I expect to see some bullish movemdnts towards the resistance around 43.9%.
The season could to get this big pump on pluton. Whereever you can to get the coins, they we gonna straigt on the moon.
Notes are on the chart, but generally, we are at the point in the cycle where we bottom and people start front-running the halving, with value flowing to Bitcoin first relatively and then to Alts after the halving. Bitcoin lost less dominance in this cycle and did not make new lows. Even if 2023 turns out to be a bad year for crypto and is counter to the...
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Crucial turning poing right here right now on the intermediate 0.618 for a possible wave 2 being finsihed and locally wave c finished on 8.236 This would be the orange count for bigger w4 being in play. Lets see how / if this plays out or if rather the yellow count is in play Hold my beer pls ---- No financial advice, do your own research, don't be stupid
Altcoin Market Cap, the ETHBTC chart and the BTC dominance are hinting towards a lil altcoin season. Even more likely if Bitcoin is about to consolidate here for a bit close to its next bigger resistance at $25,000.
Now that we can see BTC is potentially re-entering a bull market, I really want to assess the dominance to understand what its performance could be like compared to the alt space. As you can see, BTC dominance has entered what appears to be a HUGE trading range, with the topside resistance around 74% dominance, and the bottom support around 40% dominance. What we...