📣 Hello everyone!
Since 2017, the full picture on the Bitcoin dominance index chart has remained incomprehensible to me, at least because of the short history. Now, 7 years later, for myself today I clearly understand that the trend on the BTC.D index is clearly downward, and all upward rollbacks are corrections to a long-term downward trend.
I believe that a...
Hi.
I have to admit that there is an increasing likelihood
of dominance falling off the ascending diagonal at last.
The 1 day and 2 day charts show the corresponding signs.
But things are happening very slowly.
We have to wait for behavior around ~52.7% .
But signals are very interesting.
9 seasons showed a bearish plot again.
LaRSI reversed on 2 days.
CRYPTOCAP:BTC.D
BINANCE:BTCUSDT
There are two scenarios for the start of a bullish rally in altcoins.
Scenario 1: If Dominance fails to break above the 53.35 level, it will move towards the bottom of the pitch-fork. In that case, we will have a short but relatively intense and exciting rally in altcoins.
Second scenario: With Dominance stabilizing...
Using the Bitcoin dominance to understand the flow of money within the cryptocurrency market, particularly the rotation of investment between Bitcoin and altcoins (including large-cap, mid-cap, and low-cap cryptocurrencies).
The Bitcoin Dominance has been a near Vital part of the Crypto trading Experience for many people, essentially showing us the ebb and Flow of the primary Crypto money flow.
As we can see, from around 2016, things changed as ALTS came in and began competing for the available money in a bigger way than previously..
The BTC.D dropped sharply around 200 days after...
A nice healthy FWB:12K shakeout in #BTC
And we see the #ALTS rebounding back strong
This is the market saying to Daddy
The party is not over yet it's only 10pm
I think this Head and shoulders can perform
let's watch and see if it does.
As compare to previous bull runs, the current bull rune is too small and ending Soon.
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Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @frmnCapital
Bitcoin Dominance ( BTC.D) is giving a fantastic trading setup.
It's preparing a BIG Bullish Swing.
From an Elliott Wave point of view, a bullish Impulse Wave is about to start.
In this case I'm talking about Super-Cycle (C) (turquoise).
Moving on to Harmonic Patterns, there are two:
The smaller one is the Bullish Shark, which is preparing its completion.
The...
There are still hundreds of good looking alts. Alts should stop following Bitcoin.
Bitcoin traders are so emotional. My last idea proved this one more time :D
Don't be emotional. Keep looking for good altcoin setups. There are opportunities.
