BTC.D perps planpretty confident we get a double or at least a single tap of the 0.5 retracements. This will allow stronger alts and eth to run with it.
After,
1) if lengthening cycles do play out, I think an alt season is on the cards with BTC.dom falling way further.
2) if the majority opinion of a dead cat to 47-52 and then sub 30k plays out. I think ALT/BTC pairs will bleed very hard. and naturally lead to BTC.D making new local highs.
Btc-dominance
$BTC.D - Might have completed its triangle. Noteworthy here that in the case of triangles, the last wave (E) rarely aligns with the AC diagonal. It either goes past it or falls short on most occasions. I'm leaning towards it falling short in this case. Which is good news for Alts. CT is mostly bearish, which tells me we are probably bullish here on the market as a whole.
Ready for Small Altcoins Sessions ? Dominance Update#Bitcoin Dominance TA Update:-
#BTC dominance currently trading at 43.44%
This is Critical level.
Resistance level = 45%
If Dominance break 45% level then best strategy will be exit from Altcoins.
Because we can see Altcoins REKT.
But IMO now we can see small Altcoins sessions from here.
If 42.50% break down then Ready for small Altcoins sessions.
Keep an eye on below levels:-
Above 45% = Altcoins REKT
Below 45% = Small Altcoins Sessions
Support:- 39%
Resistance:- 45%
Bitcoin Daily Analysis Update🟢🟢#BTC on daily TF looks messy as it more looks like the price is ranging more. Currently, the price faces strong physiological resistance at 40,000$ and holds the 39,000$ area as support. If the daily candle closes above 40000$ then Expect a strong breakout this weekend. It is so important to keep 36800$ Support By next week we can see some clear direction in it. Use proper stop in all your trades.
⚠ This Analysis will be updated.
✍ Analyzed by AmirHossein.
📆0.3.12.2022
👨🏼💻WHERE IS BITCOIN GOING?👨🏼💻Altcoins possibly up 🎢🎢🎢Greetings fellow humans
Today we're looking at the market structure and price action of BITCOIN. I am seeing some sideways action from BTC over the coming days, you can see we are a little bit overbought on the RSI (1HR) I used a red circle to show this. . I am seeing bearish indicators on the longer time frames.
We are currently seeing btc work between the ranges of;
$37,000
$42,000 (expect that it could go to at least ($44,000)
Typically when we see btc reach the 41.5k it pushes onto 45k. However I personally don’t think that will happen in this instance. I believe we will see btc have a sharp pullback over the next 12-72 hours to the 37k area.
The US government has accidentally leaked its plans a day before it was set to make an official announcement. For the first time in US history, President Joe Biden was going to release an executive order on cryptocurrency and how it will be regulated in the US on March 9 local time (later tonight on Australian time).We’ve seen an increase of btc.d (dominance) over the last few hours. As that starts to find some support we will see a little bit of an increase in money flow into the altcoins.
Remember, nothing is guaranteed, control the controllables.
Mogues
The trend line that has made us all miserable😒😣😠
During this period, every time bitcoin started to move up and usdt dominance started to fall, after a while, it collided with this trend line and could not fall further.
But now this indicator has reached a critical point that can break its trend line downwards and start the upward movement of altcoins and bitcoin.
There are 3 scenarios for breaking this downward trend line.
first . Starting to fall from the same level and breaking the trend line, as well as ichimoku, which has become very thin and after a while can break the level of 4.25% downwards.
The second scenario is a move of 4.92% and then the start of the decline and then the break of the trend line, in which the bitcoin will again fall below the level of $ 34,000.
As for the third and most pessimistic scenario, the move to the top of this index, which has not been broken yet, and then the beginning of the decline, which can also mark the last downward movement of Bitcoin. Because if the usdt dominance bitcoin wants to move to its ceiling, it will no longer be able to climb further.
2017 repeat? To the moon soo2017 repeat? A few events coming up, Europe and NATO shot SWIFT in the foot making them lose thousands of transactions in Business while Binance and Coinbase are hestitant to ban Russian citizens that don't even support what Putin is doing in Ukraine. SEC/Ripple lawsuit seems to favor a win for Ripple, coming hearing in April. Doge-1 Mission to the moon has been scheduled for April 1st of this year. Dollar Index and Nasdaq look almost identical to March 1998 and still missing a parabolic phase. Bitcoin looks bottomed out and has printed a disbelief stage pattern. It seems like it's coming alright. Don't mind the btc.d fakeout. Markets are going to explode probably triggered by more money printing and a hyperinflationary event for 2023 followed by a recession followed by a gold surge and quite likely a dollar collapse triggered by next US election results, a trump win? Too soon to tell, be on the lookout and ready to adapt.
Will bitcoin dominate 2022!?Guys, before i start this analysis I believe BTC.D is a LONG in the short term till it hits about 45% as that is the resistance of the downtrend channel that is visible. I'm guessing it will happen in about a month. Anyways, this chart shows that a bearish divergance is getting created on the weekly timeframe. Right now it kinda got created but its very small and not visible yet. Once BTC.D reached 45%, the bearish divergance will be huge and visible and that will cause it to dip and A BIG ALTSEASON IS WILL BE TRIGGERED TO START!!! Look at my ADA/USDT and ADA/BTC analysis to see why I am accumilating ADA for the altseason and DYOR. I am not giving financial advise this is just my ideas of ADA being ready to prove all the haters wrong of it having become "trash". DYOR DYOR DYOR!
BITCOIN Emergency Analysis (Update)🟢 Bitcoin broke the support of 41,300$ and EMA 200 started to dump from there. BTC was also unable to hold the 39,400$ support area. BTC needs to reclaim the 39,400$ and hold above it. The next support area is 38,200$ and the major support is 36,300$ area. We may see high volatility in the market during the weekend.
⚠ This analysis will be updated.
✍ Analyzed by Amirhossein
📆03.05.2022
⚠ DYOR
Is Altcoin Season Coming? Bitcoin Market Cap DominanceToday I was asked the question, "is altcoin season coming?" To answer that question quantitatively we can look at tools such as the Bitcoin Market Cap Dominance chart and the Altcoin Season Index. Why is it that Bitcoin has gone down LESS than altcoins over the last few months? At the end of the video I also talk about ways to hedge your positions using Bitcoin cross pairs like ETHBTC, LTCBTC, XMRBTC, XRPBTC, SOLBTC, etc.
#BTC Dominance. ALTSEASON will trigger at this level...
Welcome to this extensive analysis of Bitcoin Dominance.
If you are reading my updates for the first time, make sure you follow me if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
BTC Dominance is currently holding the 42.4 level. As long as it holds this level it's highly likely we will see some rally in BTC while it reaches the 45.22% level. This will trigger the rally in BTC too, possibly till $46k only if it maintains $38k support.
CONCLUSION:- BTC.D is likely to rise to 45.22% and get a rejection at that point which will eventually trigger the rallies in altcoins against BTC pair.
Invalidation:- Daily close below 40.27
What do you think of this chart?
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
Bitcoin 4H Analysis ( Update) 3.2.2022🟢 Bitcoin is testing the resistance of the 44,350$ -46,000$ area. This is the major resistance zone and if BTC gives a break above this area, we will see a move towards the 50,000$ area. The crypto market observed the war news and trying to move up. A rejection from the area will send BTC back towards the support of 41,300$ and $40,000 area. Keep an eye on the resistance level.
⚠ This Analysis will be updated.
✍ Analyzed by AmirHossein
📆 0.3.02.2022
🌈🌈 DID YOU FOLLOW MY IDEA 🌈🌈 ALTCOINS TO BOOM? Greeting fellow humans.
If you read my idea last night, you were in luck. With the continous testing of the that resistance point ($39k), exssessive volume spikes and a number indications of a GREEN short term future. BTC CME Futures looks to be going into bullish territory for the first time in history as well as the hash rate being close to all time highs which may create positive hysteria leading to a new target zone. We can see on the BTC chart (4H) also has confidently moved above the EMA50 today, wh. With a 10-15% gain in the last 24 hours, we will expect a pullback to new support.
New Resistance: $45k
Support: $39,910
*remembering old hat which previously acted as support will eventually become resistant. ;)
Expect bitcoin to track sideways after yesterdays pump. However always keep an eye on key levels & indicators & Key world events. WW3 will effect the markets & Cryptocurrency is yet to live through a war, WHAT CAN HAPPEN?
I've drawn in what will happen whilst bitcoin is tracking sideways.
Think before you act, respect the charts.
BTC.D 4hr Quick UpdateBTC.D 4hr Quick Update by sharmaji14u
Hello Freinds ....
We see in this chart BTC.D Trending in chennel & Bounce Back From Lower Support
So this time AltsCoins Bleed
If Rejection from resistence & Breackdown so we see Big PUMP rally
in AltsCoins.
I hope guys you understand.
!! Thank You !!
~~ Enjoy Sunday ~~
BITCOIN DOMINANCE IS LIKELY TO BOUNCE!!!Welcome to this new update on BTC dominance in 2 days timeframe.
On 17th Jan 2022, BTC dominance bounced back from the lower trendline and so far it is halfway through to reaching the upper trendline. If BTC.D manages to hold the 21 MA support then we can expect a bounce from here and 45% could be possible. A breakdown will drop the dominance back to 39%.
The weekly close is just a few hours ago so let us be careful.