CRYPTOCAP:BTC #bitcoin dominance is forming W bounce for moving upwards. Money will flow from #altcoin s to #bitcoin . Isn't it clear? NOT FINANCIAL ADVICE.
Alt dominance formed something that looks a lot like an HSi with a very small right shoulder, which broke above its neckline and successfully re-tested, confirming the pattern and targeting 16.6%. See the white drawn pattern and its white dashed neckline on the chart. The same area of breakout and re-test from the smaller white pattern is forming another...
Alt dominance may be repeating its prior pattern, where it wicked up to it's ATH after a series of drops, and then dropped hard before making a new ATH. I still question whether it will actually make a new ATH this time, but imagine it will at least revisit the area of previous ATH. Related idea linked below - a falling wedge breakout that is targeting previous ATH
There's a falling wedge with a failed breakdown on the 3 day chart. That failed breakdown highly increases the likelihood of a successful breakout. RSI has been diverging from price, and that divergence recently strengthened. Bitcoin dominance recently bounced from the top of an expanding wedge and looks like it wants to head down, finally making its new...
RSI and MACD have been diverging from price. Expecting a correction to at least ~11%
HBAR's market dominance looks like it wants to move towards 0.9 -> 1%. This would be a pretty massive increase in its position in the crypto total market. Weekly dominance has held around the same levels for quite some time now, with a previous breakout that moved back down to support. It has since broken out a 2nd time. RSI and MACD indicated this...
The altcoin market cap dominance with its designated OTHERS.D ticker is rebounding after reaching the bottom of the Channel Up pattern that began on the December 2015 market bottom. A Falling Wedge was the pattern that drove it to the Channel's bottom as it did in August 2019. Following the rise at that time, a 1W Death Cross was formed over the Falling Wedge and...
Scenario A: - Confirmed Head/Shoulders top, successful re-test and then down to 5.5% - Likely headed much lower after losing the lower trendline of a long-term rising wedge, which has also been successfully re-tested and has continued down - Possible because of two confirmed patterns and re-tests. Scenario B: - Unconfirmed Falling Wedge, which if it breaks...
Others dominance will make a decision soon: 1.) Bearish Head / Shoulders moving significantly lower 2.) Bullish Falling Wedge moving back towards ATH
I was checking BTC dominance and I thought that not many people talk about altcoin dominance. In part this is because alts dominance is influenced by BTC dominance but I think it can give us a good insight of how altcoin prices will grow (or fall) in response to BTC. We can see that right now alt.d is over 16% but it has been growing very steeply, but no market...
We confirmed an inverted HS on the weekly chart here that took alt dominance to a new ATH, but hasn't yet reached its minimum target (the first yellow arrow up). We've stopped and consolidated right at the mid-point and should soon find out if we're going to continue towards that target. If we break that target, the next two targets would be the next mid-point...
If we keep with the current ascending trend we are in now, we could see altcoin dominance peak at 24% around the end of May.
As you can, alt coin.d is formed cup handle and Half of the cup handle is formed and the other half is about to form,and this confirms we are going to moon 👁👁
we have been seeing altcoins and altcoin adoption grow rapidly since last year, I believe this year and altseason we are just beginning will be even greater than the first one back in 2018! we saw a 917% increase in market cap in 2018 and i think we are definitely going to see an altcoin market cap of 1 Trillion atleast! Because a lot more retail investors are...
This is an addition to the recent BTC.D post. In my view both have to be considered to get an overall view of the market. As you can see the Alt coin market is forming an ascending triangle. If Ascending triangles are continuation patterns then a breakout would be huge in the next couple of years. Even a bounce here and a retest of the top of the triangle would...
Hello all. Hope your new year was a happy and safe one. Bitcoin sure has had a good new year. On an absolute tear as of late. I wanted to share some trends I'm seeing play out. 1. As you know triangle and wedge patterns can take a while to form and not be truly apparent until we get close to a breakout. It appears that we are seeing an ascending triangle forming...