- Potential Rising Wedge is being formed. Although there's not enough touch point to confirm this pattern currently. Invalid once reach above 69 %
Looking at prior performance of ETH/USD by overlaying bitcoin dominance chart and bitcoin price chart. Will we see a new altcoin season? Note that BTC peaked approximately 1 month prior to ETH peak.
Currently testing the golden fibonacci line once again. if it breach above it. i expect i will run toward next upper golden ratio fibonacci. if it do manage to break the trend line or golden fibonacci line after a long consolidation, i would be bad for bitcoin dominance it self
- Ascending Triangle pattern is a bullish pattern, expect to reach next upper fibonacci line whether it's success to close above the upper triangle or broke the trendline below the triangle - Ascending Triangle can morph into some other pattern like Bullish flag if the percentage is remain bounce between current fibonacci line/ Side way action. whether it's goes...
BTC Dominance is on a downtrend to 57.34%, down nearly 4%, expected to hit the bottom on 27 JUne, which is almost 10 days from now With this reduction, this is a great opportunity for Altcoin to increase strongly to 30-50%. Quickly buy Altcoins according to my signals so as not to miss this opportunity However, everything is possible, if BTC Dom returns to its...
After a careful study of the BTC dominance chart I spotted a symmetrical triangle pattern on the daily chart. We need to break below 55% dominance to see a real alt season. breaking above 62.75% would lead to more dump in alt coins. I do see some temporary relief coming our way this week itself if BTC stays below 9485.
I know everyone is so itchy and calling for alt season, but it simply will not come until this bitcoin dominance chart reverses trend. The shaded area is the key level. Once this breaks down and below that we could see alts turn, but as of now, it is holding as support and bouncing meaning, death the most alts. This means money is flowing out of alts, and into...
Observations: 1) As per the chart, one can see previous support line on BTC dominance. 2) One can also just look at the ALT performances against BTC pairing and they have done well. 3) If we anticipate or theorise that BTC is about to make a break out, to the upside or downside, this will explain why BTC dominance is about to go up. 4) We have a converging...
The name of the game in crypto is when to bias BTC, Alts and Fiat. An analysis on BTC.D, ETHBTC and other ALTBTC charts shows when was best to hold each category to maximise BTC stack. Hindsight is a wonderful thing. I do not intent to short BTC and bias into fiat during a bull market. It is safer to preserve BTC stack and stomach -40% corrections. It is...
Buy, hodl, and accumulate more bitcoin. Sure some alts will pump, but the majority will not. Do not be fooled or sucked into alts yet. This is NOT alt season. Alts will have their time after bitcoin is done with its run. You first clue, is to watch this chart for a fall below 58. Then when we see that area retested and act as resistance, the trend of this chart...
For BTC dominance percentage, it recently rising into 59% it down into 58.2%.. not very significant drop but at the time i write this post it's already green/gaining into most of altcoin value against bitcoin. i expect a altseason coming in this month as many positive vibe around since april until now. Btc dominance could not breach the 59% for now and yet it...
Hi everyone - great news for you if you're long on alts! Whether you've been bag holding for quite some time now or maybe you're like me and you've just been slowly accumulating over the last few months near bottom ends of ranges. What we have here is a daily chart comparing CRYPTOCAP:BTC.D and BINANCE:LTCBTC * Litecoin/Bitcoin in yellow. * BTC Dominance in...
Looking at BTC dominance, there is a HUGE upside down Head and Shoulders that in case of break up it will bring BITCOIN dominance back to 2016 levels or about 85%-90%. In a way it makes sense since every time BTC drops a little ALTS drops a lot, and it seems that at the moment BTC is due to a correction. Only for entertaining purposes Let me know what you...
BTC Dominance will have reversal by fisher transform indicator But not significant, the estimate can lift up to 61.23% The correction level for btc dominance is below 56% BTC Dominance will rise back at the end on June which can trigger big rally ever What is BTC Dominance: If the dominance level is increased then BTC price will also increase if the dominance...
Looking at the BTC dominance chart, one can see why the rise of the ALTS. It looks like we have to pay alot of attention to this. I'm expecting an 0.618 or 0.786 retracement
BTC dominance has fallen a little. Some value has been transfered to certain altcoins. The 21 ema played a support role very nicely but could easily fall on the next try as MACD has intentions of going down. Anywhere between 56-58% should be another support. If this falls,it could mean that the altseason is here.