BTCDOM has been trading in a falling wedge .
Let's understand what BTCDOM means
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 the broader cryptocurrency market.
The BTCDOM Index provides...
It looks like Dominance has broken all the hearts that believed in a huge alts rally!
Bitcoin Dominance (Tradingview) bounced from near the 40% area and it is expected to continue with bullishness, that too with Inflation data release waiting up tomorrow.!
Entry : 1326
Target : 1473 (0.5 of Fibo)
Stop : 1243 (Current day candle low)
Total no. of Analysis :...
This is what I'm worried about if I go long in alt coin when btc dominance price is above the EMA
and we see cleared bullish breakout candle and now btc dominance need corection to last resistance become suport
and its become IHNS, for ALT coin best for short oportunity
disclaimer on
always dyor
BTCDOM on the rise? what does it mean?
Let's understand what BTCDOM means
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 the broader cryptocurrency market.
The BTCDOM Index provides insights...
On LTF there is a bearish pinbar and a strong bearish candle
if continue correction and not a strong bullish candle again
we might see alt coin green
i expect btc doom continue down
disclaimer on
dyor
i just wait what will happen here
it can be IHNS patern if price can break resistance
or it can reject and go down
im just waiting more candle again for more information to next move
Yes, it's early to predict but we have left shoulder, head only right shoulder is missing but in future we get the rights shoulder as well then we saw the downtrend rally and in the other hand BTC rally will hopefully in uptrend so, keep on eye on Dominance and trade safely
If you like my thoughts
Don't forget to press like button
As we can see that BTC,D was following a major trendline from very early stage but this week we can see it to be broken, Which can resulted to be the pump in ALTs. so be ready to get rich #naf #dyor
BTCDOMINANCE is testing KEY support, that are rekting altcoins since november 2021, if it will break we will see strong move in altcoins, if it will bounce we could see the bearish movement on market.
BTCDOMINANCE JUST BREACK OUT resistance area if close above we can see fl to next a small supply area 1425$ and It is possible to break it and continue up to 1450
The break was a good sign to open short position , but after re-reaction the support zone so here is the signal detail
buy : 1418.1
sell in T1 :1389.1
T2 : 1393
T3 : 1374.11
www.binance.com
BTCDOM/USDT looking bullish we have a STRONG Support Trendline on Dominance and we have Demand Zone on 15min timeframe im waiting for this move on BTCDOM
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
