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According to trendline, there is tendency BTC D want to move higher on weekly time frame. Let's see what happen in next week and couple of month . When BTC increase. alt will down and when BTC down, alt will down harder
The BTC dominance is up, meaning that the capitals in crypto are flowing more into Bitcoin than others at the current time. My target is 60% by the end of the year according to the TA.
ETHBTC chart is also bearish, as Ethereum is THE catalyst for altcoins.
Support from 2016 broke down.
Besides TONcoin, BTC and BNB are the outperformers in recent days, shows...
Scary BTC dominance
What if the dominance wil go like this at the high it previous come from?
double top BTCD?
what will that do?
Safe al!
StoneMace 29
Bitcoin Dominance is close to an important resistance. 57.4 to 57.7 is an important resistance, of course, it can move up to FVG, the monthly candle, which is 59, and the next point is the 100-month MA, which is in the range of 59.
Anyway, when Bitcoin's dominance declines and altcoins can breathe and turn green
Currently, Bitcoin is suffering and declining, but...
I think that Bitcoin Dominance should touch this target before bull market.
Afterwards, I think the altcoin bull market we have all been waiting for may begin.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Bitcoin Dominance is about to touch 57%, a previous resistance/support level.
This is a on a daily/weekly chart basis so we still have some days/weeks till we bounce from that resistance but Alt Season should kickstart once we get there.
Hello my friend ! 🐺
Today I open up the chart and see something not honestly good for the market especially for altcoins but why ?
As you can see in the chart , we have ascending triangle which is a bullish pattern but bullish for the BTC.D and bearish for the altcoins and total crypto market , in this special case I can say if BTC.D break above the resistance...
Buy Altcoins in every dip and accumulate them. Hold and wait for the Altseason. Avoid using high-leverage trades. Buy good Alts and HOLD with patience. You will get your reward. Mark my words.
When the value of Bitcoin decreases and Bitcoin's dominance in the market increases, other currencies (altcoins) likely lose more value. In this case, investors usually move towards Bitcoin, which is perceived as a safer haven. This can be seen in cryptocurrency markets as a kind of "safe haven effect."
As of this week, the Bitcoin Dominance (BTC.D) has broken out of a 6-month consolidation period. This means that money is flowing out of altcoins into Bitcoin again.
It's difficult to predict how high BTC.D will go, but I think we can make a an educated guess by looking at the diagonal purple resistance.
Historically, bull-markets (especially for alts) started...
By clicking on the previous analysis, you can see the serial analysis of Bitcoin Dominance.
It seems to be inside a large diameter. It is now inside the big D wave of this diametric.
We consider two supplies to complete the D wave. In fact, from one of these two supplies, it can be rejected downwards for 40 weeks.
We have such a view on the dominance of Bitcoin.
Dear my friends,
The market has too much confusing information. However, when I look at the weekly window, nothing has changed. BTC.D is retesting the support line on the weekly frame that it was previously broken.
What I see is that the downtrend of BTC.D will continue and will go down quickly.
On Altcoin's weekly chart, the uptrend is still unchanged.
Looking at...
We all know things can change but on the other hand. Fighting a one year trend, expecting a rollover on BTC.D might not be a happy wait. We know that charting BTC.D is not tradeable but if you are pumping money into ALTs thinking 'tomorrow' is the day? Then the BTC.D chart is not your friend. We are witnessing a strong BTC season that may not be over yet.
I...
