After bouncing from the support area at around 42.2%, BTC.D reached the 5mins supply zone at 42.8% where it got perfectly rejected as expected and filled the imbalance on the way up. It is currently diving down heading towards the S/R flip at 42.46%. If it breaks below 42.1% then we would expect it to test the major demand zone at 41.7% where we should see a...
Since I think that BTC will experience a rapid rise, I think it will increase dominance along with it. And the counts show it. It will be active until the 2nd wave passes the beginning of the 1st wave.
And wave 3 may go less than 161% because altcoins are very strong. I still set it as a target.
The possible trend of Bitcoin's Dominance . What do you think ?
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👤 Arman Shaban : @Ar_M_An_4
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Many people ask about altcoins when they start to rise. The answer depends on Bitcoins dominance. There are three scenarios. The first one is based on that BTC will go straight to 100k, so altcoins won't have any space to grow. So the altseason will be next year, maybe around Mach or April. The second scenario is that bitcoin will be stuck at 50k-70k for a few...
BTC.D is also showing slow movements and recently created equal lows which is took out. If is breaks below 42.1% we may potentially see it at 41.7% where we have a major demand zone and we would then expect a bounce from there. I expect it to reach the 5mins supply at 42.8% as a short term target filling the imbalance eventually.
We seemingly have a pennant and that's pretty close to its edge, hinting volatility inbound.
Bias is towards a break-up and movement to resistance.
Such case would not be the best scenario for holding altcoins (or worse memecoins).
Especially considering the rising wedge scenario insisting upon the whole Alts market...
Mostly all contained within the downward channel
If this is the scenario that plays out, alt coins will be massive !
Below is an idea "super alt season" check it out, very similar to this one
Despite 2 weeks long downwards market direction, BTC Dominance continue to drop lower.
It seems that capital from alts during the dumps goes to stable coins as Bitcoin capital. Bigger alts players are down almost the same % as BTC.
Chart setup is intact and the more time passes it more confirms that this bull market will continue thru Q1 and probable at least...
These target points on TOTAL3 appeared back in October and have not disappeared since then. I didn't believe that this could happen.
But given the latest dumps, I'm starting to believe it. I think we still have a shake-up.
I believe in Target1 by TOTAL3, I don’t believe in Target2. 🥶
Domination shows growth.
Be careful and take risks.
BTC.D previously bounced from the support area at around 42.2% and left a 15mins demand zone at 42.4%. It also broke through the 2h supply which is now a 2h breaker then got perfectly rejected on the support/resistance flip at 42.87%. It recently dropped and left a 5mins supply zone at 42.8% with an imbalance just below. I would be waiting for it's reaction at...
Hello to the large community of traders,
Have some tips here:
1) When trading range phase continues more than 20 bars, so we have 50/50 chance of breakout from each side.
2) Imagine all channels as flags. It means that we have 75% chance of bull breakout from bear channel ( bull flag ) and vice versa.
3) More candles consolidate below moving average, deeper...
BTC.D is looking good now, after the correction that we have seen since 20th October top, also a sell signal on Falcon CCI Indicator on Trading View.
BTC.D, retraced to 61.8% levels, an important fib level, - does this mean this is Wave 2? I am not big fan of Elliott Waves but if this is Wave 2, then it will go up in Wave 3 to 161.8%. The target that I have set...
Breaking a support and potential Double bottom confirmation of Harmonic.
Bitcoin Dominance is simply an indicator that demonstrates the percentage of Bitcoin's market cap relative to the entire market cap. - When Bitcoin dominance is high, it indicates that Bitcoin's market cap is relatively larger compared to that of other altcoins, and vice versa