Btc-dominance
Where does BTC go?I analyzed the market and came to these conclusions.
1. Too much confusion and fear: Ordinary people and poor traders follow the whales. When do whales change the course of the game?
2 - The search rate of negative words has increased from positive, "selling bitcoin", "disappearing bitcoin", "shorts" and ...
3- Negative news of governments and big companies along with the efforts of celebrities not to scare people.
My general opinion : Given the above issues, past events and future research, there are two scenarios for the market.
1- The fear of the market will decrease in the next few days and bitcoin will start growing again.
2 - The prevailing fear continues and bitcoin will fall in the next 2 weeks at most and will reach a market share between 35-39 and finally reach a minimum price of 19-20 thousand dollars and then grow sharply. Will begin.
Good luck to you
Alireza Yarian
BTC DOMINANCEThis is just educational post about Bitcoin dominance. It might performing H&S pattern. Volume is declining from left shoulder to the right as it supposed to by the theory. If is valid then it should decline all the way down to 37%.
If it so, it could mean ALT SZN!
What do you think?
Dominance and market analysis Bitcoin comes into perfectly large downtrend channel. I think $btc will go until 43k-46k and then, plunge. But when btc goes up, all alt will explode crazily. In case of the shit coin, it will shine brightly more than ever. But, That’s the end of Summer vibe of btc. I’ll grab Btc around 20k in september. In case of the eth, it will goes up 3200-3700 between that range. Sell at that moment. Downtrend already made it. Be careful and see you later guys.
Is there about to be a big ole BTC drop?I see something strange happening here, like a midway bounce to a new low on the bear. Thoughts?
BTC Dominance rebound in sight!With BTC Dominance rising and Price action falling means it's the worst time to be in Alts. Alts will rapidly decline.
I expect us to test anywhere from 50% to 55%.
If you have any money in crypto you need to know this...There is a seasonality to the Crypto space. It comes in waves led by the leader and King BTC. There is no question many projects and exciting coins coming into this space but until the market cap of Bitcoin has been dethroned, Bitcoin exists as the the KING. Many Alt coins have had 5-6 months in the sun and this chart points that their cycle may be coming to an end for a season.
If you have any money invested in Crypto you may consider selling your Alts if you haven't been totally flushed out yet or allocating more of your holdings into BTC.
I just asked my 6 year old daughter which way she thought this chart was going to go next? Her answer was... "up". I asked her why? She told me "is this is pattern?".
Yes we see these patterns in Crypto. I called the bottom on BTC.D 3 about a month ago and was proven to be early. This game is hard to be perfect at or right all of the time. We are starting to see a strong bounce off the 2017 low. My entire point in putting this together is for you to closely look at your holdings and make sure for the next 2-3 months they are BTC dominant. Just shear math will tell you will have a better return there until this market consolidates over the next couple months. Alts like to see their parent (BTC) confident before they run wild.
Just as an example I'm personally looking for ETH/BTC to drop back to .50 before shifting more of my Bitcoin to ETH. Before this happens BTC.D will be much higher than it is now. Not only will this gain a higher return but our conversions will be better and our money will go further when BTC.D crawls back to up to the .60 price. We are on a journey back to the X. It's never a straight shot path either but I'll wake you up when we get there. Adjust your accounts accordingly.
BRONSON-TheSHARK
#ONT REMAINS SOLID#ONTOLOGY REMAINS SOLID FOR THE TIME BEING, BUT WE HAVE TO WATCH THE MARKET MOVE. #BTC DOMINANCE IS CURRENTLY SLOPING DOWN AT 42.93%.
BTC DOMINANCE IS RESISTANCEHey as you remember I did shared btc dominance chart and I just signal about to alt rally is coming soon.
here is the my analysis about to dominance
Right now btc dominance give us very bullish signal ! so what we expect right now. But I see Correlation is distorted on bitcoin for a long time.
If the dominance is in an upward trend, we can say that the rally is over on both bitcoin and altcoin sides, hopefully this will not happen. but we have to take this into consideration.
Bitcoin Dominance Idea UpdateAs per my previous idea, BTC went in to the central support area, which was expected to then offer weak support, and fell through. It wasn't strong support, so the precipitous drop has occurred exactly as predicted.
The nearest support is down around 39, so alts may suffer if we get a bounce around there this week or next.
At the very least, we should get some slow down of the freefall.
The increasing volume toward the bottom usually indicates buying, but since this isn't really traded, I'm not sure what significance it has. It will be interesting to see.
ALTCOINS still have a room but take careBTC DOMINANCE UPDATE
BTC.D current value is around 40%
As a result we can see alts not affected so much by BTC dtops like past
there is still a room for altcoins growth toward 35%
But take care because all these levels are considered very strong Supports
Dominance can recover fast any time here because we are in potenial historical bottom
If you trading alts : trade by caution
If you are in profit : secure your profits partially
Happy trading 🙏
BTC - Ranging since Feb. Oct 20 Trendline Still in Tact. Buy!Our October of 2020 trendline is still intact. We hit that and bounced hard. On this 4 hour chart, you can see we're currently resting on our trendline from Feb. of this year. I think between these two trendlines providing enormous support and the fact that we have been ranging between 50k and 60k since Feb., BTC has never looked more bullish to me.
For several years I have been calling 80k this year. And actually, this chart, along with recent daily price action, has been enough to convince me that I am wrong again. We're not going to 80k this year. We are going to 100-120k. I can think of nothing more bullish than what I am seeing on these charts.
Happy trading all!
BTC Dominance Main TargetYükselen trendi kırıp aşağı düştükten sonra 57 desteğinden aldığı güçle tekrar yükselen trende tutunma çabası gösterse de başarısız oldu.
Ondan sonra 57 seviyesinde ki desteğin cevap vermemesi sonucunda sonraki durağın 39 olması kaçınılmaz gibi görünüyor.
FRONT/USDT Descending flagHi guys
this time i came with front/usdt binance chart on 4h time frame on a descending flag
which has low market cap also this means that its the risk is a little bit more than other trades
but it also could give us good profits so becareful cause High profit also carries a lot of risk
also becareful about bitcoins effect
as always support and ressistance lines are visible in the chart
and i will be happy to read your opinion and if you enjoyed mine like it please
hope you save your money then go for the highest profits
bb
Dominance: Uptrend can start from hereI think the alt season period we saw lately is over, it was a massive run since Dominance had peaked when Bitcoin was 1 week from peaking at 42k.
The wealth generated in altcoins could be diverted towards Bitcoin here and help it recover from these levels. Certainly if I was an altcoin whale holding massive amounts of Ethereum in profit, I would rotate it into Bitcoin for a low risk play here, downside risk is dramatically different in both assets. The EIP1559 front run rally could be over here.
Keep an eye on this trade!
Cheers,
Ivan Labrie.
Btc dominance drop cenarioAs mentioned before, Btc might print a double bottom.
Check previous TA.
Coinmarketcap shows 49.9% btc dominance at the moment.
Its happening really fast!
Faster than what i draw before in those pink lines.
Will BTC hold the ground at 50% dominance, or continue droping?
A 50% drop from last top will create a double bottom at 37% btc dominance.
If we continue droping. I guess we can say that the alt season actually started in early January this year.
Anyhow, still bullish on BTC .
Bull run is still intact imo.
Euro dominance? EUR vs Dollar & btc, is apparently dominating the market sinds April? Btc dominance wil go under 50?
BTC.D Altcoins ....At this level around BTC.D 50 , We will have a huge bounce and altcoins would bleed badly, BTC would bounce to around 60-61K to cover the CME gap
BTC dominance analysisBTC Dominance
the dominance is setting at strong Support since 2017
Be careful because there is high probability it can rise from here to re-test resistance zone first (between 58-60) before further drop ...the result will be correction in altcoins
The 2nd scenario :
which is a drop from here directly toward 40% area if that happens we can expect potenial altcoins to do more x10 - x20
This week is very important for BTC and whole market
Risk management is the key to survive in trading
Good luck
