The acquisition of Bitcoin, other than stable currencies, fell in wave A in five strong waves, and then rose in three waves to retest the summit. It is possible that wave C will be completed, and there will be five waves of decline in the shaded area.. Let us see what will happen
Note: The analysis fails if it closes higher than the area 1712
We just broke under last buyers volume.
The cryptocurrency market is known for its volatility, and it is not uncommon to see rapid fluctuations in prices that can make or break investors' portfolios. One phenomenon that is often observed in the cryptocurrency market is an "altseason." An altseason is a period when the prices of alternative cryptocurrencies, or...
Nobody Knows Where is Price Going.
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SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
Hey traders, here is the analysi. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER- This is not financial advice. SMART MONEY CONCEPT
In the 1H chart, BTC Dominance is finishing a 5 wave sequence and showing bearish RSI divergence. I expect a pullback to blue wave 4 level, which is the closest support.
This would favor alts against Bitcoin.
Hey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
Bitcoin Dominance Index seems about to reverse, ahead of the Ethereum Merge it's an opportunity to hedge against big Altcoins.
⚡️⚡️ #BTCDOM/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (2X)
Amount: 11.8%
Current Price:
1197.3
Entry Zone:
1192.8 - 1144.0
Take-Profit Targets:
1) 1168.4
2) 1380.2
3) 1469.0
Stop Targets:
1)...
BTCDOM has been trading in a bullish parallel channel .
Now the price has broken the channel downward side after being rejected by resistance.
Binance BTCDOM Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin . The BTCDOM Index is a metric that traders can use to quickly get a sense of Bitcoin's value relative to that of...
Here we can see that "BTCDOMUSDT" in 1 day time frame has a trendline resistance at "1432" and a support zone at "1341". If the price takes rejection from the resistance zone we can look for a good SHORT TRADE here. Entry zone at "1432" with a Tight Stoploss at 1455" ans a Target of "1340".
ENJOY!!!!!
BTC Dominance set top at June 2022 and after sharp 40% decline, the btc dominance is moving up, in bearish channel, aka bear flag. After this bear flag breaks down, I am expecting another big decline in btc dominance - that means, that altcoins would heavily outperform bitcoin in that period, so it seems like a good idea to be buying alts instead of btc right now.
Hello Trader, today we are looking to BINANCE:BTCDOMUSDTPERP
Please Notice the SL & TP on the chart are not exact
numbers because no one can ever tell the market to the dot
so therefore this is an area of interest.
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