dominance might be breaking out here, halving closing in few days will add fuel to it most probably with btc inching higher towards 80k & alts struggling to move
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Hello Trader BINANCE:BTCDOMUSDT.P bounce area target resistance nex target 2245.4 then continue down due to bearish phase btc dominance to 2113 Please add a comment and Positive feedback and constructive criticism are important to authors and the community. Disclamer: Not Financial Advice
Bitcoin Dominance (BTCDOM) has formed a distinctive double top at 2380, a key level marked by a bearish divergence observed in the MACD oscillator. While a strong support zone has emerged around the psychological level of 2000, a critical shift could be underway. It's important to note that BTCDOM has breached below the 50 Moving Average on a 3-Day chart,...
breakout of dominance here is bleeding signal for alts , if you wat to accumulate some alts then this might be time to do
BTC dominance is always the hedge against your alt trades , check youtube videos if you don't know about BTCD , sitting at the major support and looking bad for ALT coins lil bit of alt bleeding is expected if this thing makes a up move
The way it looks is that Bitcoin Dominance yet again approached and rejected our Fibonacci resistance. If that resistance holds, we do expect a strong, yet potentially short altcoin season. But remember, not all coins will produce super gains, only a very small portion of them. In our private channel we have shared those that we believe could be those "gems"
🔅The Bitcoin Dominance chart is presenting signals of a potential trend reversal or, at the very least, a substantial pullback. The repeated failure to breach the supply zone on two consecutive occasions highlights the resilience of altcoins against Bitcoin. 🔅The current hold within the supply zone indicates a pivotal moment where the long-anticipated altcoin...
BTCDOMUSDT is in a bearish trend and start printing LLs and LHs, price get rejected where it forms H&S pattern and also rising wedge, we can expect the price to hit our target easily, what do u guys think? let me know.
From a purely technical standpoint The chart before us has several distinct signs of bearish activities. RSI Bearish Divergence Rising Wedge (It's not broken yet but it's a matter of time) Triple Top pattern (Not fully confirmed, but it's also a matter of time) A Short trade should work fine here Stop loss : 2060 Take profit 1 : 1759.3 Take profit 2 : 1515.2
Hello Trader BINANCE:BTCDOMUSDT.P NEW ATH (all time high). will it be noise or even break again? for today btc dominance officially touched its ath. Please add a comment and Positive feedback and constructive criticism are important to authors and the community. Disclamer: Not Financial Advice all leverage 20X
I've been tracking btcdominance' weekly data and it looks like a major shift is starting to transpire. Shorters seems to have found their peaks -- and altcoin bulls may take over anytime now. Double top has been created -- and a strong order block resistance is being met with rejection. Expect reversal to the downside from here on for BTCDOM (expect...
My current wave count considers we're in wave 4 correction, and I expect further upside from here, targeting June's high. This favours BTC when compared to altcoins.
BTC dominance is currently in the extreme overbought zone in lower tf as shown by the indicators. In my opinion and according to my analysis, a short term recovery is coming soon as it is being rejected by the golden pocket.. and double top is on 15 min chart.. NFA
Previously, I shared a Cup and Handle formation on BTCDOM. The target for the Cup and Handle was 500 billion. Yesterday, following the favorable ruling about XRP’s legal standing this pattern broke below the 340 billion support level. It is still a bit early to call an altseason because there was no retest of the 340 billion level as resistance. Regardless, the...
TLDR: • BTCDOM is in the final stages of a Cup and Handle Formation. • Max target for BTCDOM is 500 billion. • I estimate that BTCDOM still has two or three months of upside. During this time Bitcoin will perform better than most alts. However, BTCDOM is close to toping. Once BTCDOM realizes its full potential I expect the alt valuation in BTC terms will...
Hi guys, If indeed Elliot Waves theory works as good as I think then the target for BTC's dominance should be in between the blue lines designated area and come down to the marked levels. RSI bear div on the W seems to support this scenario. Happy hunting !
alts coins will get a good chance to rally to the upside if this supply zone is respected