DominanceFast update.
- Rejected on EMA200 D1.
- Follow BTCDOM is important to detect and understand next altcoins pump.
Happy Tr4Ding!
Bitcoindominance
Alts are on the brink of melting faces.As you can see Total 3 is in a descending broadening wedge and was most recently rejected at the upper diagonal line of resistance.
Assuming BTC continues it's bullish reversal we can expect Alt's to do likewise.
Could we come back down and test the recent lows again? Yes. But there's also a good probability that we hold the 720B area as support and attempt at breaking out of the descending line of resistance. A break above would finalize an inverse head and shoulder pattern with a breakout target at the .786 fib level which is approximately at 1 trillion.
I think we could see this break out around mid-late February with a run towards 1 trillion ending at around mid-March.
BTC.d three possible scenariosThis is a 20 minute video showing everything I know about this Bitcoin Dominance (BTC.d) chart. In the beginning, I show basic things about BTC.d for those who do not understand the importance of it to altcoin holders. So if you are experienced, be patient. In the latter half, I go into more technical detail.
The three scenarios I go over is that this wave form of this altcoin bull market is a:
1) 12345 impulsive wave
2) Wave B (wxy) corrective
3) Flat (ABC)
I also show what possible pattern BTC.d might form going forward in years.
I think there is something in this video for both the inexperienced and experienced traders.
BTC.D UPDATEBtc dominance clear two scenarios shown here. The results are that if dominance pumps that means first the king will pump and then after alts and in second scenario if we go down directly down from here that means king and alts will pump together.
Weekly Levels - February 6, 2022 (Watch Bitcoin THIS WEEK!)This week Bitcoin BITFINEX:BTCUSD is at a key RESISTANCE LEVEL and you need to watch it! We take a look at the Bitcoin Market Dominance to see if Alt Season is underway. The S&P500 and Nasdaq Stock indexes and the VIX Volatility Index are all giving us signals that this recent correction is over! Oil continues its rise to 100.
Now is the time of year for volatility which equals OPPORTUNITY! Do not miss out!
Bitcoin Dominance: 1W Chart ReviewHello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Bitcoin Dominance.
The chart is self-explanatory. The Bitcoin Dominance recently broke out of the S/R 1 line and headed for a re-test. If the re-test is successful and the price moves upwards, the Bitcoin Dominance will start moving up. I noted multiple Support and Resistance Lines to keep an eye on. The RSI also broke out of a resistance line headed up. Lastly, a Triple Bottom was recently formed which is bullish. This is a weekly chart so please be patient.
Included in the chart: Trend line, Support and Resistance Lines, RSI, Triple Bottom Formation.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITCOIN DOMINANCE About to EXPLODENow Dominance of Bitcoin is situated into a falling wedge which means a breakout will happen soon. MACD is neutral below the positive line but it s not bearcrossed.
Ai trimis
Stochastic is oversold and soon will jump
Ai trimis
at RSI you have a huge bullish divergence which means the dominanta wil skyrocket up and the trend will be reversed
Bitcoin Dominance About To Shoot Up!Here we have a very good setup for the BTC.D (Bitcoin Dominance Index) chart.
When we look at "a", "c" and "e" on the wave count above, we can notice lower lows while we have strong higher highs on the MACD and RSI.
The MACD has now entered the bullish zone daily and the RSI is really strong:
Now, going to the weekly timeframe -the main chart above- we can see prices closing above EMA10 last week and EMA21 being challenged.
We also have a higher low compared to May 2021.
The trading volume is still low and needed for confirmation.
Bitcoin Dominance (BTC.D) is set to move higher.
This analysis is invalidated on a candle close below 39.15%.
Thanks a lot for reading.
Namaste.
BTC Dominance - Never Doubt The King: The Only Green Chart! 🚀While the market is red. There is ONE chart that is green. 🤩
It's called the BTC Dominance chart. Never doubt the king. 🤴
Like and follow if you liked my idea!
BTC.D inside weekly resistance#BTCD
#Bitcoin #Dominance
it is inside weekly descending resistance zone.
break it out will increase dominance to green resistance zone, and we better to have no altcoin in our bag.
rejection from descending resistance will drop it to support zone and 31% and maybe another great time for Alts and #BTC.
BTC.D. P-Modeling Pt 6. The Cajun Cups of Bitcoin Dominance Welcome Hyperspace Travelers,
This is BTC .D. Depicted by Cajunomics.
Bitcoin Dominance is very special. How it is special is for you to figure out. The greatest thing about Tradingview is the ability to press play on the charts after time has elapsed. Be sure to come back after 6 months to press play.
Your mouth will drop.
This will be one of the most studied charts of mine for years to come.
But I am a simple pleb swimming endlessly in the pool of knowledge.
I know enough to make you think twice about your plan.
It whispers sweet melodies into your soul. Time and time again, I find myself staring in awe at one of my time-series creations.
Bitcoin dominance is going to 96%.
This means it will absorb the entire alt coin market.
Doubtful?
Excellent.
It means BTC .D is going to absolutely rip your face off.
The technical presented is quite simple when you take a step back and look at my overall macro narratives..
As it should.
Net Weight distribution of BTC .D will fuel a USD ( DXY ) hyperinflationary cycle to 135.
Net Weight distribution of BTC .D will also fuel a XAU .USD ( GOLD ) hyperinflationary cycle to 2600.
That is your clue.
Absorption of BTC .D with TOTAL Market Cap absorption = 100% chance of BTC going back to abysmally low level.
This chart is old. I have worked on this for years.
Waiting patiently for the narrative to execute.
Oh and it will execute. That is a guarantee.
One of the best kept secrets in the game...
Thanks for Pondering the Unknown with Me,
Glitch420
Bitcoin Dominance Bottom - Altcoin Winter ApproachesData from our Crypto SmartWatch Portfolio Balancing Spreadsheet, The Altcoin Opportunity Index is in the low red zone, suggesting Altcoin Winter is near.
In today's update we saw the following
- a bearish shift as we see
- 5 coins hit the 4 hour EMA Exit to drop to 1/2 position size
- 3 coins hit the 12 hour EMA full exit signal
The Alt Entry Index will rise as we go into a bear market for alts, but the Entry Index alone is not enough, we will need the Opportunity Index high at the same time for a really bullish setup.
VIEW the January 17 2022 Altcoin Opportunities Panel
Throughout the past months, I've been watching for BTC.D to bottom and rise along with Bitcoin finding a bottom and rising.
I recently posted details in a video on YouTube
'Altcoin Winter Alert'
www.youtube.com
Please leave a comment. Let me know if you think BTC.D will be rising for the next while. If you do, let me know with yes I do. And give examples of what made you come to that conclusion.
And
if you don't think Dominance will rise, let me know that you don't.
And in my next videos I'm going to break down some of the indicators we use and what they are saying about the next moves in Dominance.
So if we all share as a group, we'll then get better ideas for making the most of the next moves in crypto.
#BTC Dominance Breaking Down? Or Just a Trap!Welcome to this quick update folks.
BTC dominance is currently retesting the Blue MA on this 2day chart after breaking down.
If we consider the wicks the scenario changes completely opposite of what we see here.
Considering the current chart, It's highly likely we will see a dump in this index in the next few weeks given the condition it stays below this Blue MA.
Close above this MA will invalidate this chart.
ALTCOINS in BTC pairs will show some strength in the coming days.
Currently, most of my portfolio is in USDT and BTC.
I will accumulate the altcoins with some good fundamentals and will hold on spot.
What's your trading plan?
Do hit the like button and share your views in the comments section.
Thank you
#PEACE
Bitcoin Dominance double bottom formation❓- Yello, ladies and gentlemen😎!
💎In our last BTC.D analysis in telegram we predicted the drop towards 39.54%, 261.8% Fibs. Immediately after, BTC.D followed the projected pattern and dropped by over 2%.
💎In fact, the BTC dominance formed a double bottom near 39.40% and currently trading at 40.5%. So the big question is whether it will reverse to the upside or the downtrend will continue.
💎Right now, we must consider several important facts.......
BTC.D at resistance zone#BTCD
#Bitcoin #Dominance is at resistance zone.
if weekly candle close above resistance zone, it will head up to break out from descending resistance zone. so then altcoins can drop a lot but BTC may have increase with its dominance.
and if it would be another test of resistance and weekly candle close lower that previous candle, then I think we can take profit from altcoins and bitcoin more and more.
Massive Move Incoming for Altcoins!Hello traders,
The Bitcoin Dominance has been on a large downtrend for years and is looking like it will continue. It is currently in a descending pattern (Lower highs and equal lows.) The current dominance comfortably sits at 39.83%, while the target out of this downtrend is 29-30%. This may look bearish for Bitcoin but this may be a sign that Altcoins may surge! 9% loss in Bitcoin Dominance is $180B USD. More currently we have received a weekly close below the important support level, unfortunately, this reveals BTC may go lower possibly dragging down other coins. One last thing, the MACD of the Weekly BTC.D is foreshadowing a divergence to the bearish side.
Safe trading,
-Pulkanator
BTC.D Continue to fall1,2,3,4
Assuming the current small formation will break down bearishly
I still think BTC will however go up, while dominance drops.
Early 2022 will be big
BITCOIN - Trading in its good support level🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock/Crypto coins to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Don't be Salty, Alt season is right around the corner!Hello Traders,
As the markets are being wonky and the fear is great, I figured that I would just give an outlook on the fact the last null run we had which started in 2015 and lasted to 2017, there were two jumps of ALT dominance during that run, we have only experienced one jump this run. The second point I wanted to make is that being there are tons of new great projects out there in the gaming sector, DEFI, WEB3 and many more projects, I'd expect by the end of this bull run we see a BTC dominance level down into the 20% region while the alts run like crazy. I am not a fan of everyone having fear in the market and the best advice I could give anyone would be to look at the facts on the charts and disregard the fud.
Have a green week!
Savvy
BITCOIN DOMINANCE UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC DOMINANCE update. Currently Bitcoin dominance trading around it's major support level in daily and weekly timeframe.
In daily timeframe it's making a bear flag like structure but still we didn't break this flag. Once Bitcoin dominance break this channel Alts pump hard. All we need is a daily close below 39.5 level.
But also keep in mind that currently we are at a very major support level so if dominance get a bounce from here Alts dumping very badly. So do not trade without stop loss.
Soon I'll share some good altcoins setups in BTC pair so be ready.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
