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Hello, dear traders welcome to this BTC.DOMINANCE 1DAY chart analysis.
Dominance is getting...
Welcome to this another quick update of BTC DOMINANCE IN DAILY TIME FRAME.
As we can see from the above-mentioned chart that BTC.D currently trading at the level of 46.33% and got rejected from the upper trend line resistance.
now BTC.D needs to close below the upper trend line to print more red candles.
candle close above the upper trend line will be the...
We need that spring before a real altseason starts.
I suspect this might happen mid July.
One final capitulation before up for many months.
All the way to 70% altcoin dominance.
Hopefully in 2022 but possibly in 2023.
The Bitcoin ETF will be announced eventually. It WILL happen one day! There's no doubt about it.
When that happens, we have 6-12 months of up...
📆 weekly Time frame
At a weekly time frame according to the harmonic Gately pattern bitcoin dominance may see 45% strong and also we are facing a strong supply zone and order block near 49%-50%. If BTC dominance breaks this area we may see more dip in Altcoins. Hope You Understand Why We Not Share Any Long Position Calls.
This Analysis Will be...
Bitcoins dominance can be used to help understand the market cycles and the mechanisms of money flow that happens within a cycle
Last bear market Bitcoin made a reclamation move of 77% on Bitcoin dominance. This bear market the clear target is a 20% reclamation move of dominance.
What does this mean? The ascendency of Bitcoin dominance is the indicator of a bear...
BTC.D 3hr Chart Analysis.
Fibonacci Retracement Showing Something .
BTC.D Also Showing RSI bearish divergence in 1d Chart.
I am Showing Question Mark In Chart Tell me Your Thought in Comments Box
Pump or Dump BTC.D
See Chart for More Details
This Time Wait & Watch
Guy's Don't Forget to put SL in your Trade in this Market movement
I hope friends...
Historically the DSO & RSI combo is a great tool for spotting potential trend reversals.
I find it to be most accurate on the $BTC.D chart when looking at the 3D.
I find that:
- When ever the RSI and DSO meet above 80 % the trend seems to turn to the downside.
- When ever the RSI and DSO meet below 20 % the trend seems to turn to the upside.
Leading and following a bear market the dominance of bitcoin in the market increases. What this means is that ALTCOINS are bleeding more and being liquidated into bitcoin, stable coins or cash.
During the peak of the 2017 cycle the dominance of BTC reached 35% and reached 40% this 2021 cycle. The similarities in these two data points can suggest a pathway for...
All time highs across the board. Shattered dreams inbound. This is a weekly chart of BTC.D It appears dominance may be finding a potential bottom near the .786 region. I will be monitoring this over the coming months on the weekly and daily time frames.
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Welcome to this BTC DOMINANCE update.
Bitcoin Dominance is trading inside a channel in the weekly time frame. Currently, it is rejecting from the upper trendline of the channel. If we get a rejection from here then we will see a relief rally in Altcoins.
If Bitcoin dominance...
#Bitcoin Dominance Update:-
$BTC dominance currently trading at 46%
Which is Above resistance level.
Mean to say that this area is not good for Altcoins.
This Red Zone area is Dangerous for Altcoins.
Mean This Breakout is in High time frame so Next Resistance is 50%
We can see more 20-30% altcoins drop from Current price if Dominance continues Rise.
Hi friends! 📈The Bitcoin dominance is growing as we see on the chart. It always happening when BTC falls by 40-60% from it`s ATH. But why does it happen? Let's get to the bottom of this!
Actually, Dominance shows us where the traders keep their money. If Bitcoin dominance fall that means money flows into ALTs. If Bitcoin dominance grow money from altcoins flow...
On the above 10-day chart Bitcoin dominance is plotted over the last 4 years. Could talk about this chart for hours. Sparing you from that, here’s the highlights:
1) The Elliot impulse wave and following corrective wave from 2018 to present day. BTC.D is now starting a new impulse wave.
2) The falling wedge + breakout. The flagpole extension measures a target...
I have done TA for BTC .D quite a number of times and this is why I give so much EMPHASIS on it.
The logic here is simple, BTC.D goes up means people are willing to swap or sell ALTS for BTC .
and vice versa.
Have you heard of traders saying "Trade with the trend?", "Trend is your friend?"
The concept here is the same with BTC .D but the message is different....
Today we see a new high for BTC.D (Bitcoin Dominance).
The highest since October 2021.
As mentioned in a previous update, we have higher highs and higher lows, as well as a strong RSI and BTC.D trading above EMA10.
Will Bitcoin (BTCUSD) grow also?
We hope so...