bitcoin dominance - maybe a little altseason pump will come - maybe!
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...
You can easily see how uptrend was started and now it's downtrend
Bitcoin dominance has bounced off the 4h demand around 43.4%. I expect to see some bullish movemdnts towards the resistance around 43.9%.
small gap witch can be tested next few hours action in Btc price
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.
While Dominance alone doesn't mean much for spot, let's keep this in mind. New cycle already started ?
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...
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.
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...
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...
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...
Dominance of Bitcoin, which shows the dominance of Bitcoin on the market, according to the previous analysis, according to the positive economic data, it has reached the desired resistance without any weakness, and as shown in the graph, it has grown as much as the previous log and beyond, according to the log A significant rise that has a scenario of falling in...
The season could to get this big pump on pluton. Whereever you can to get the coins, they we gonna straigt on the moon.
I believe BTC'D should be rejected from here or the Liquid zone
Why get subbed to me on Tradingview? -TOP author on TradingView -2500+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like...