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Bitcoindominance

Bitcoin DominanceHello! This is continuation from my previous analysis Bitcoin Dominance . We did go take some more speed and we are back with recharged batteries. Orange trendline has worked as a resistance and I'm interested to see when it breaks. We have now tested it 4 times. The more times trendlines (supports or resistances) are hit the more probably it will break. (followers should know this already) Right after the trendline there is 200 EMA which can bring sell pressure. Maybe we will break and retest. Green on RSI shows some Bullish Divergences which usually tells that a trend change could be on the way. What has changed now: We can see that after the last touch we have made smaller dip than the previous 3 times. That tells me there is more bulls now. We do need to see this 4 hr candle close ofc first. We can also do similar break as before on RSI , lose some dominance and give a possibly "last stretch" to alts. We now have formed a nice looking inverted head and shoulders (Red marks) which tells us there is more bulls than when the head was emerging (Higher low) Jebu
CRYPTOCAP:BTC.DLong
by PalenTrade
BTC.D Bitcoin Dominance - Elliott Wave + Parallel channel- BTC.D chart broke out of the main broadening wedge pattern. - The price is currently below 0.618 fib, which is extremely bearish for bitcoin dominance chart! - 0.618 fib switched from a support to a strong resistance. - For more information, please check my signature below. ↓ - I am expecting one more wave to the downside (5 blue) and here we will likely create a double bottom reversal pattern. - We do not know the retracement of the 4th wave. - Hit "Like" & "Follow". Don't miss my upcoming updates and new ideas!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
11
BTC.D Bitcoin Dominance - ALT SEASON! +Weekly Head and ShouldersBitcoin Dominance Weekly Chart (BTC.D) - On the chart we can see 2x Head and Shoulders Pattern. - Currently the second one is bearish and the price is currently on the HaS neckline support. - You can trade this upcoming breakout of the pattern simply by buying altcoins. Or by exchanging bitcoin for altcoins. - As you can see we have a double top reversal pattern on the weekly swing highs (September 2019 and December 2020). - Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓ - 200 weekly moving average can serve as a resistance in the near future. - Don't miss my upcoming updates and new ideas. - A question is where is the target. We can target 0.618 FIB retracement + bottom of the trendline + Head and Shoulders (conservative target). - If you want to see more of these ideas, hit "Like" & "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
5
$BTC.D - Upside potential? Slowing Alts?50K has been breached, the rising wedge top trendline has been flipped Firms are looking to add BTC to their asset sheets to in the short term future Thus, the BTC.D looks like it should make a leg up As we do have a rising market cap though, I would not say ALTS will dump, I just think their growth will slow on the whole It is likely LTC ETH XRP DOT will be some of the few to continue with BTC, while other coins stall somewhat Or we just see both rise anyway cuz BULLRUN
CRYPTOCAP:BTC.D
by InvestmentsHub
BITCOIN DOMINANCE CHART INVERSE HEAD AND SHOULDERS 😨Hey hey my friends 👋 This is the Bitcoin dominance chart, it shows bitcoins strength compared to the rest of the market, when this trends higher btc/alt pairs as well as usdt paired altcoins bleed hard, gives us a good buying opportunities though 📊 We have all altcoin positions closed and we are waiting for the opportune time and more certainty in the market to dive back in 🤓 Keep and eye on this and stay tuned 📺
CRYPTOCAP:BTC.D
by LucrorStrategies
2
Bitcoin possible long opportunityHello! Here we have a nice looking (1 hour) Bitcoin pattern rising wedge which is actually a bearish pattern, but on a bull trends these can break upwards like we have seen with Btc and Eth before. I am looking for a small bear move before going upwards and breaking that upper resistance where we have hit several times and even made new highs today. Or if we break, Break and retest price action. First support is the upwards going line which has worked as a support. (Red circles) Second one is stronger where we have 0.236 Fibo , 200 EMA , and previous structure (Green arrows) as a support. There is also 50 EMA on the same level on a 4 hour timeframe. Last one is 50% Fibo where is also previous structure highs. If we go that deep. Bitcoin Dominance did also find some king of support, which we pedicted. (Bitcoin Dominance analysis) I suggest slowly start to plan your exits and when you will take possible profits. Thou I do think 100k to 150k Btc is possible. Fortiori If you do take trades and are not holding for long term use stop loss. Otherwise you will get your ass burned! Jebu
Long
by PalenTrade
Bitcoin Dominance Head and ShouldersNot saying sell all your Bitcoin for alts, that's crazy, but if this Head and Shoulders proves true, Alt Season will start picking up steam...possibly a good opportunity for those looking to harvest Alt profit into BTC. There is also the possibility that we see a double bottom here. I am not making changes at this time as I am currently quite well balanced in my opinion. If you were going to sell all your BTC into Alts, the time to do that would have been weeks ago when BTC dominance peaked. Not financial advice.
CRYPTOCAP:BTC.D
by JJMa