BTC/USD - WHERE ARE WE GOING? Welcome fellow humans.
Cryptocurrency & BTC are in an interesting state, all markets are currently in limbo with WW3 on the brink. I like to invest at times when people are fearful, and sell when people are greedy, however this is easier said than done.
Bitcoin is currently showing some signs of strength for the short term, we've had some significant bounces off important moving averages across the shorter time frames (1hr/4hr). However these indicators are not enough to have an overall bullish sentiment over longer time frames. If btc continues to test the resistance point we should see an increase in price action very soon.
KEY RESISTANCE POINT - $39,910
SUPPORT - $34,150
Another factor is the current levels of USDT.D - this is currently finding some resistance, with numerous other indications its about to become bearish. (Traditionally when this happens, BTC & Altcoins). If you're not familiar with this chart, there are multiple youtube explanations to assist.
I'll continue to assess multiple number of charts (TOTAL, BTC.D, USDT.T ect ect) before enterting any long trades whether it be on BTC or any Altcoin.
This is my first idea posted on TradingView, I hope it helped. Feel free to comment below with any feedback, like, follow.
Think before you act and trade safe 😊
Btc-dominance
BTC dominance is going to reveal its direction in next weeksThere is only one question - is there time for real alt season like we saw durinf december 2017? Well if we get rejection here and dominance falls down below 37-35 region, then yes it is possible. If we check chart of most altcoins - the new ones are down like 90%+ from their all time highs and most of them also look like the bottom is near.... BTC pairs are on the bottom on the higher timeframes. All of it together is giving me a clue that we can see alt season again very soon... Ppl are scared and markets are red... lets see... GL Stay safe
NOT FINANCIAL ADVICE
POSTED HERE JUST FOR EDUCATIONAL PURPOSES
BTC.DOMINANCE 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC .D analysis.
I have tried my best to bring the best possible outcome in this chart.
BTC.DOMINANCE is the You all know the reason for the sudden loss of BTC, because of which people are selling every coin due to which BTC dominance is mounting and BTC dominance I think the bad rejection of 42.74% is a force
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
BTC.D - Bitcoin dominance looking strongBTC.D looking very strong on the 3D after forming a triple bottom. I expect BTC to lead price action and most alts to lag behind.
45% is a crucial area for continuation. If we break through I expect BTC to continue sucking a lot of the capital out of many overvalued alts coins. However if it stalls, Alts could see another run.
One coin that i think will be an outliner will be ETH. It has held strong despite the rough market conditions.
BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USD analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello friends
BTC 1 Day Update BTC trend line is moving up and falling wedge pattern create
BTC trade line is trading and the same is visible in the RSI
BTC 1 day update. We were watching that moment. In RSI also we can see that the trend line is moving up and once it crosses above the trend and the market dumps and then the market falls down but once again market can bounce in btc or if This is going to be bullish so BTC could jump from here.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
BTC.DOMINANCE 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC .D analysis.
I have tried my best to bring the best possible outcome in this chart.
BTC.DOMINANCE is the downtrend
and BTC pairs trade start.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
BTC/USDT 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis.
I have tried my best to bring the best possible outcome in this chart
Hello friends
I didn't even think that in a few hours BTC is so low power but can't do anything to the market
But the main which is the down greenline, if the use line breaks, then if BTC will dump in a few hours, then BTC's support line can be $36270, $34080, and $33030
But it's good if it bounces
Stop-loss was hit due to dumping some of my premium cal bitcoins
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
USDT.D Daily Analysis🟢USDT's dominance bounced from the uptrend line support to form a twin floor pattern and is now above the neckline of this pattern, which also acts as a support. If the retest is successful, it is expected to move upwards, which will be a sign of decline for the market because the USDT and BTC dominance are inversely related to each other.
Use the appropriate loss limit for your trades, which has a very high possibility of emotional movement in the market.
⚠ This Analysis will be updated.
Amir Hossein
📅 02.19.2022
⚠️ (DYOR)
BTC.D D1: Dominance will rise to 50% alt coins will bleed (NEW)Why get subbed to me on Tradingview?
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BTC.D D1: Dominance will rise to 50% alt coins will bleed (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: BTC.D daily chart review
::: chart looks good /strong
::: ACCUMULATION PROGRESS
::: do your own due dill / always
::: setup still valid as of right now
::: expecting dominance to rise to 50%
::: well defined range / accumulation
::: BTC should pump from here
::: alt coins probably will BLEED
::: 20-40% correction due to rising dominance
::: BTC solid support near 40 000 USD
::: last week was profit taking in BTC
::: expecting new PUMPS in bitcoin
::: next few weeks
::: based on dominance chart
::: BTC BULLS should focus
::: on buying dips short-term
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BULLS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
ALTs getting crushed until...BTC dominance is in a clear descending triangle, which is generally a bearish pattern. Could BTC break up out it? Of course. But statistically the chances are it will break down from it. Therefore it is reasonable to assume that a rejection from the upper line of resistance will lead into a juicy alt season. Until then we can keep expecting ALTs to continue to bleed sats.
BITCOIN DOMINANCE CONTINUES TO RALLY HIGHER. Welcome dear members to this BTC dominance update.
Let's have a quick look at the BTC dominance in 2 days timeframe.
Looks like the BTC dominance is on its way to reaching the 45% resistance level as I mentioned in my previous BTC.D update. If you compare BTC and BTC dominance side-by-side then currently, the BTC dominance is increasing and the bitcoin is dropping down. What does it mean? Well, according to the studies when this happens then altcoins dump pretty hard but sometimes it could be a false indication. Now, if we compare the current price movement with the altcoins then we can notice that majority of the altcoins are in red which means that the above statement can be true.
Coming back to the chart, the BTC.d is currently at $43%, and before reaching $45% it needs to break a slight resistance which is at $44.33%.
Keep in mind that weekend is here and the dominance picture will be more clear after the weekly close.
What do you think about BTC dominance? Do you think it will continue to rally and alts will bleed?
Let me know your thoughts in the comments.
I will see you in my next update.
Thank you.
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.DOMINANCE 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC .D analysis.
I have tried my best to bring the best possible outcome in this chart.
BTC .DOMINANCE is the down trend
and BTC pairs trade start.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
FALLING WEDGE FORMATION IN BITCOIN DOMINANCEFALLING WEDGE FORMATION IN BITCOIN DOMINANCE.
Expectations are given in dominance table. I'm looking forward to buying altcoins in 2024. The market is bear in big picture. If btc falls 1 percent, altcoins falls 2 percent which means dominance is going to go up and up till the next big bull run comes.
BTC.D could start a new ALT-SEASON nowBTC Dominance is following a rising wedge pattern which could CRASH if the dynamic support or 0.786 FIBO line won't hold it.
As Bitcoin price seems to be moving in a parallel horizontal channel, IF its Dominance would exit the lower boundary, there will be a new ALT SEASON.
Trade Safe ...