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-dominance
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 ...
BTC DOMINANCE BTC DOMINANCE
ok i know that technical is not every thing that matters but i wanna try
btc dominance looks bullish at shortterm but until now!!!
maybe a correction could happen but not Necessarily
in order to go higher it needs to keep the 42/4 suppurt
and use it to continue the bullish trend
but if the suppurt breaks with a nice volume anything could happen
so its a great moment!!! have a good day:)
BTC.D Anticipating a strong rise in BTCThe altcoin index has fallen to 35 and continues to decline towards the Bitcoin season.
Bitcoin dominance maintains its level and returns to previous values.
The fear and greed index is still in the red zone, but there is a possibility of a quick transition to the growth zone.
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
BTC.D Inverted Cup and Handle Clear continuation pattern to the downside - i dont know how far yet, but im going to enjoy the Bull run from ALTS this mid year!!
Alts will again have a crazy run while BTC consolidates a little before its run to 400k in 2 years.
would love to chat but time is money :)
safe trading all
BTC/DOMINANCE 4HOUR UPDATE Welcome to this quick BTC .D analysis.
I have tried my best to bring the best possible outcome in this chart.
Bitcoin Dominance is currently showing an inverse head and shoulders formation and I expect Dominance to bounce back a bit from here.
We can assume that altcoin can pump if dominance stays inside the trade line.
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.DOMINANCE 4HOUR UPDATE Welcome to this quick BTC .D analysis.
I have tried my best to bring the best possible outcome in this chart.
Bitcoin Dominance is currently showing an inverse head and shoulders formation and I expect Dominance to bounce back a bit from here.
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.
Bitcoin dominance BTC.DBitcoin dominance bottoming process looks to be complete.
This is a big formation & thus the strength of the reversal can be significant. #Alts are set to continue to be weaker than #Bitcoin in the coming weeks.
#TheCryptoCity
Don’t forget, always make your own research before trading my ideas!