💎Technical Analysis Summary💎
-BTC Dominance value hits the weekly key resistance level again
-It reacted to this level for the 3rd time with a red weekly candle
-If this rejection continue to go deeper and retrace to 40 levels
-I'm expecting a good month for the Altcoin this November
-All provided if Bitcoin price action remains stable or form...
Looks like we are going to have a good altseason
We need bitcoin dominance fall a bit more
It's better that Bitcoin sideway in a solid channel, (50/60k) would be healthy for alts to pump and gains against BTC pairs
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Keep In Mind ❗
🟣 Purple structure -> Higher TimeFrame Structure.
🟢 Green structure -> Daily Structure.
⚫️ Grey structure -> 4h Structure.
🟡 Yellow structure -> <4h Structure.
Important : Please Use RM (Risk Management) and MM (Money Management) If You Decide To Use My Ideas, There...
This post is a sister post to my recent Total2 post which seems to be almost mindlessly bullish. That idea, combined with the bearishness I see in BTC.D, suggest that Alts are going to be outperforming to the upside in a big way.
The first key structure is the black flagpole which is shown on the trendbased fib extension in black. The TA is pretty...
The price(well, value in this case lol) fell out of the rising wedge, after which it formed a lower high- which then turned into Head & Shoulders, and finally closed out the pattern by breaking the baseline.
Waiting for break of 44.44 for a stronger confirmation.
The idea is also backed by the previous ETH/BTC idea I posted (check related ideas below) as the...
Bitcoin dominance analysis
He was unable to stabilize above the MA200 and this is a milestone for the failure of the upward continuation
If it fails to rise again above the 200 average, we will seek more decline to test the 100 average and then 50 and it will lead to a major rise in currencies.
In the event that he succeeds in returning above the average...
After breaking out from the descending channel, BTC.D got heavily rejected from the 4h breaker. Currently, it bounced from the support at 44.73% and is heading back up again. Once it closes above the 4h breaker, it would be heading towards the second supply zone at around 48.5% breaking through the first one at around 47%.
checking out bitcoins dominance we have gone on quite the fall recently and the altcoins are absolutely loving it! We are currently getting held up on the 44.75% support level and this is our forth day testing this level and i believe we could see a breakdown coming up soon, there is a chance we continue the sideways movement aswell but either way i think the...
• No real change from my original post on BTC.D SHORT.
• Just some minor adjustments to update the chart.
• Furthermore, I’ve put in Elliott waves to further highlight the similarities between this bullrun and the previous.
• Wave C will become more apparent when the 20W SMA crosses over the 21W EMA.
• By the way, as per my original post on BTC.D SHORT, NFTs are booming.
BTC continues to lose dominance over the altcoins. This is mostly driven by the layer 1 projects currently having a bit of a party on their own. This is likely to change rapidly if BTC loses it's current support and falls to the next level of demand. The booze will have run out and the party will be over for the layer 1s ... anyone still holding will likely wake...