Bitcoindominance
Bitcoin DominanceHello!
If we get a break out from this Red resistance line and 200 EMA and stay on top of it, I believe we will get more space for Bitcoin and alts are going to bleed more against Btc temporarily.
We can also break from this short term support on RSI and take some speed little lower. Maybe from EMAs
Let's see what happens
Jebu
$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
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 📺
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
Bitcoin Dominance at Deciding ZoneBitcoin dominance is at deciding zone and there is a possibility of a Head & Shoulder pattern (H&S). The major support, for now, is 60% and if break below it we see massive altseason. A correction is needed in alts and also in Bitcoin dominance. So be careful in your trades and must use a stop loss.
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.
BITCOIN DOMINANCE BULLISH DIVERGENCEBTC dominance is showing significant signs of bullish divergence on the 1 day. This combined with the fact it's heading into a weekly demand/support zone (green shaded area) is pointing towards capital flow back into Bitcoin from the altcoins.
Personally I have decreased most of my altcoin positions already and am happy to sit in BTC or USDT if there is a short term BTC correction
Bitcoin and Ethereum (alts)Hello!
Here we can see Bitcoin on left picture and Ethereum on the right.
I guess Ethereum (alts) are taking over again atleast for little while..
Before today I though that Bitcoin Dominace would have turned (analysis earlier) but it seems alts got an upperhand for now..
Maybe Bitcoin needs to go get some more momentum possibly from previous structure, 20 ema (yellow line) and 0,236 fibo level around 38,300 area.
or 36,500 on 0.382% Fibo
There is also structure on 39 500 area. If we bounce or stay on top of that Bitcoin is still strong
-Jebu
In the coming months, you'll soon want to be all in BTCI've never looked at the Bitcoin Dominance chart. So I did. I drew a fib from the bottom to the first higher low. The fibs seem to match up. The chart tells me that it's touched the bottom of 35.41 dominance. Then it's worked its way back up through 50% dominance. Then retesting the breakout at 38% before heading straight up to 63.25% (1.618 Fib). How beautiful was that?!? Simply amazing. As a global society and community, we're all doing our part to ensure this chart looks pretty. Something in the natural mathematical world is guiding us.
Now Bitcoin's dominance is bouncing around the 1.618 level. With all of the financial institutions flooding into the market (LOOK AT THAT VOLUME GROWWWW), Bitcoin will attempt to reclaim it's 94-95% dominance. IT HAS TO (91% of the time). Even if for a brief moment. And how will BTC reclaim it's 95% dominance in an ever-so-growing crypto market? By RIPPING of course!
I'm not an expert nor fortune teller, but I'm willing to be my lifesavings that BTC will reach 6 figures by the end of this year.
Mark my words.
🚀🚀🚀
Bitcoin DominanceHello.
Bitcoin Dominance on a support..
Bitcoin is looking pretty good and just trying to break out from an nice higher lows trading pattern. (added picture)
Many alts are looking really good too. Link, Eth, Grt.. (ATHs)
Curious to see how we keep moving from here, cause I feel like I don't have a clue ;)
3 scenarios which I see possible:
-Bitcoin takes more dominance and alts get weaker against btc
-Alts keep going up as bitcoin stays chill. I don't think Btc will stay chill
-Bitcoin and some alts gets stronger together.. Link, Eth, etc..
Right now markets actually see really really strong. I am little scared because of that.. But maybe it is just that there is ALOT of new money flowing in which actually I do think is the case.
How long this will last. Nobody knows..
If you are not holding for long term, or are trading use stop loss.
Otherwise you will get your ass burned!
Take care!
-Jebu
Altcoin season in 2021?!The Bitcoin dominance index is currently testing multi-year support.
If the support works, the Bitcoin dominance will increase and the altcoin dominance will decrease.
If we break the support, this could be the beginning of a new altcoin season, like the one we had in 2017.
Let's see what will happen!