Dominance has held the inverse head n shoulders as support. Expected as we rally into the halving. I rebalanced last week and exited a major portion of memes into Bitcoin or into ordinals/brc20s like ZBIT , Gamestone, Game of blocks, and other Rune plays. Mega bullish on the BTC machines team. Anyway I wish I could add those charts in here but maybe someday....
Morning fellas, Last night I posted a chart on Link/USDT. A coin that outperforms others, and always looks bullish, even when it's not trending higher. I guess the hopes for Chainlink are high. But there could be a pullback, while BTC.D moves up a little. Lets keep an eye on it, most alts didn't run yet, so im still bullish on them. Trade thirsty.
Traders, I know there's a first for everything but, as traders, we usually do our best work NOT guessing when that first will be. In this case, I have traced that descending purple TL back to sometime around November of 2016, which is nearly to the inception of dominance on this particular chart. In it's history, BTC.D has NEVER broken above our trend line with...
Whilst in theory I'd agree with the maximalists that most of crypto is worthless and shouldn't exist it's ultimately my job to agree with the market rather than with other people (and of course especially not with those who care to _disagree_ with the markets) Many will fall for the same trap that was fallen for in December 2020 and capitulate on alts during...
Bitcoin dominance breakout. Forming lower high on RSI. Dominance retests = Alt season
Hi mates! Im fine, thanks :) The spirits of the forests and the imperial stormtroopers clashed in a fierce battle and the light of their suffering and rage illuminated the direction where the Great Ancient was stealthy heading. I saw it and sketched it here to bring you the truth! BEHOOOOLD! Thy worshiperz of the Elderness will consider this heresy, but it is...
Bitcoin dominance continues to rise. With 99% of altcoins unable to reach their previous all-time highs, many are likely to bleed out and eventually become worthless. The current price action is very similar to May 2019, during which BTC.D held above the 30 Week MA and broke out of the resistance line after consolidating for a few months. BTC.D could potentially...
BTC DOMINANCE UPDATE The relationship between BTC dominance & Altcoins growth is Inverse relationship Good time to accumulate altcoins when dominance of BTC is about to drop/ breakdown Here in chart we can see 2 potential scenarios : Scenario 1: start to drop near current level Scenario 2: sharp rise to 59% - 62% before dropping .. The real altseason...
I am ready to buy when Dominance hit over 58. Keep watching Total-Total2/3.
Bitcoin Dominance is in the range to spill if it starts down (we can see the alt-season, although many altcoins are in very good support ranges)
Hey guys, its your boy CryptoGao with a Bitcoin Dominance chart that I am using as one of my indicators/guide for the upcoming alt season. This is a chart Ive used for several years as an instrument into identifying ALT SZNS.
As I mentioned before (check the related ideas), Btc Dominance chart has a bullish structure which has kept it until now despite the growth of the whole crypto market in the last months. I believe the structure will continue to rise until the depicted zone on the chart and from there we’ll see the decline in the BTC Dominance which will correspond to so called Alt...
Bitcoin Dominance may be topping out here - a possible triple-top. Meanwhile many alts are bottoming vs. Bitcoin. A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms. This could occur as soon as next week. Other possible scenarios could be: Scenario 1:...
for Bitcoin This is what has set off a general Altcoin season based on the previous two cycles. We have not done that yet! We might do it, this month.. and it seems likely We wait till Sunday at midnight to see if it does. However don't get too excited because we are running ahead of schedule. And notice BTC dominance drops only for a few months before we...
I think bitcoin is going to make a range between 45-55 and 60-70
Bitcoin dominance is currently forming a symmetrical triangle pattern. If it breaks out of this pattern upwards, it could climb back to the 55% zone. This might lead to a decrease in the value of alternative cryptocurrencies (altcoins). However, if Bitcoin's dominance breaks down and falls below the support level of 53%, it could drop to 52% or even 50%. This...
BTC dominance about to break down on 2 wk Can't break overhead resistance 7 wicks prove. Those are mostly strong wicks too. 1, 2,3,5 tall upside wicks prove resistance strong bearish engulfing on candle 4 bearish shooting star pattern forming at candle 7 Choose wisely on your alt portfolio
We are so close for an altcoin season. Lets hope the dominance drop so we can make some real money :) It trippled topped but still have cloud support on Daily... drop pliz :D