Btc-dominance
better to take profit on altcoinsDear traders
I believe it is better to take profit or exit on altcoins because BTC.D is reaching critical levels (52_50) which have been strong support zones for it.
it is highly probable that we see a strong movement to upside from (50_52) zone to (59_62) zone which definitely will result in altcoins pullback season.
there is also a minimal chance of break below 50 level which can be bullish for alts and can result in a great altseason continuation, this move can target (40_38) zone.
I won't take risk. I have started taking profit and exiting from altcoins for now and I believe the next movement for dominance would be to upside but if any downside movement happens I will enter to altcoin market again.(if such a thing happen I will definitely post a new idea for it).
please follow me and LIKE my ideas.
Bitcoin dominance update Big cap coins are pumping and pulling the bitcoin dominance index down. We are closer and closer to the white line(support) if ur are heavy in low cap coin watch out when we get there.
we might get short-term bounce back to 59% area.
secure profit when we get there or update ur stop loss.
if we do break it however the party continues ofc.
Old update:
Weekly BTC Dominanceevery BTC move means retest after breaking the big resistance. I expected this breakdown will resume till touching the last resistance.
BTC.D Diagonal support brokenThe dominance chart for BTC indicates that the alt season is on and imminent on many coins, this in conjunction with the ETH Berlin Fork and BTC correcting to 54k, means that alts can see a huge surge.
The diagonal line is the support for 2018 which means that alts are likely to go above and beyond their value in satoshis. support lines are where we should see the inversion of the general trend if it keeps pushing downwards.
Although many coins haven't started pumping yet, an inversion of the trend is already visible on the daily timeframe for the RSI and MACD throughout the altcoin spectrum, However this is crypto, and a sudden pull from BTC can also cause a significant amount of loss in value and a strong correction throughout the spectrum.
Trade safely.
#BTC #ALTSEASON #NOTYET #whenthemusicsoverturnoffthelights
BTC.DBitcoin volume decline = the rise of altcoins
Three components in analyzing the volume of investment in Bitcoin relative to the market as a whole
1- Breaking the big triangle downwards, which gives us the news of a sharp
drop in bitcoin volume compared to the market in the coming days.
2- Following the downward channel shown in Jarrett, which also indicates
the downward trend of the whole trend in the future
3- Expanding the market and making more use of the currency of the world
in the world, not only in terms of investment, but also the component that
will prevent Bitcoin from reaching over 70% of the total market capital.
With the decline in investment in Bitcoin and the downward trend, we can expect the market to pay more attention to Altcoins in the future.
btc dominancethe chart on a 1w TF shows a breakout from a key level of support for bitcoin against altcoin, if this breakout confirmation validated this the altcoin season is just getting started
BTC Dominance Idea (Alt Season Start with new Month!)Finally, BTC Dominance Breaks the support line ( since 2018 Jan ) and retest it!
Also, it's performing this H&S Pattern for a long time and now break the neckline the target of this fall will be 40 -30 and this is the time that alts will explode make sure you have good alts in your portfolio
time to decideAlts are under pressure, indecisive and unpredictable right now, even though I still think that the strong alts will follow BTC even if the dominance increases in the next days.
Bitcoin Dominance 22% by 2022 Sorry bitcoin maxi , Dreams will be Broken .... to my opinion Zcash is better than bitcoin ( Zcash is Freedom to the People not Bitcoin )
Not a financial advisor
Altcoin Season NOW!The BTC Dominance is ready to fall. A huge Head en Shoulder is breaking down! Buy alts now!
BTC/USDT (Short Term Triangle Pattern?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is currently forming a potential symmetrical triangle
-If the trendline resistance is broken upwards
-This is a confirmation of the continuation pattern
-But if the support trendline is invalidated
-Expect a support retest around 53k-52k dollar area
-We will definitely see a breakout within 24-48hrs
-I would really love to see a bullish break in the short term
-I have plans if we go to the south in terms of risk management
-And capital preservation because trading is a game of probabilities
-Going to the BTC Dominance condition, I think the Altcoins
-Will continue to grow as the Dominance chart is retesting the 60 level
-This is an indicator of BTC pairing altcoin may move stronger in the coming days
-As always, prepare for both scenarios either BTC pair or USDT pair coins
-Have a nice day everyone!
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BTC.D 2hrsThe number of currencies has increased a lot compared to 2017, and bitcoin dominance cannot increase much in the new year
I expect price suffering!
BTC.DBTC DOMINANCE 1D
The volume of investment in Bitcoin relative to the total market
It is one of the most important signals in the digital currency market.
For example, if this volume decreases, it means that investment in altcoins has increased, and vice versa, if this amount increases, it means that investments in altcoins It does not mean that these funds are transferred only between bitcoins and altcoins, and it means that if the volume of investment in bitcoin increases, people will withdraw their capital from altcoins and invest in bitcoins.
Invest. It is possible that investors only withdraw their capital from Altcoins and the entire digital currency market
Now let's move on to checking the chart
Here, the volume of bitcoins has formed a channel since 2018, right after the sharp fall of bitcoins. And right now, the volume of bitcoins on the bottom of the channel is suffering.
Possible trends in bitcoin volume:
1- The most probable process is to continue suffering at the bottom of the canal
2. The possibility of a fall in the amount of investment in Bitcoin. Repeat history, a sharp decline in 2017 and 2018 when the prices of Altcoins exploded and attracted the attention of investors. The probability of this happening is also high.
3- If bitcoin is traded in Altcoins with explosive moves, Altcoins will fall sharply in price. In this case, the funds will either be taken from the Altcoins and taken out or transferred to the Bitcoin market. Can or will disappear. Considering such possible events, the amount of capital on Bitcoin can increase significantly.
BTC.D/OTHERS.D Comparison StudyAlts are in a much stronger position than many believe. Taking a macro view of BTC.D and Alts reveals BTC.D struggling to rise above the midline in a progressively tightening range while Alts enjoy being at the top of the range waiting for a breakout. BTC is being met with resistance, both from the midline but especially at the 64.25 level where the VPVR sits. BTC.D hasn't broken above it's upper boundary since JUJY 13, 2017!!! Alts are getting ready to do just that being way above support from the VPVR sitting at 6.67 and other levels. Expecting a nice breakout above the upper (and last) resistance line at 12.07 and continuing on to the ATH resistance at 12.58, confirming the inverse H&S pattern it's started on the WTF along the way with a right shoulder candle close above 12.18 to break neckline. That is an impressive 'V' shaped pattern showing a great deal of strength. It's only a matter of time until Alt season is in full swing and as strong as it will be I have no doubt we'll see many coins with 1000% or more gains. Enjoy it while it lasts. We are rapidly heading into uncharted territory, exciting times ahead!!! Alts ATH awaits!
NKN - A great revolution in the field of cryptocurrenciesBig project has block randomization to prevent hacking
Because it is said that in the future, with the arrival of quantum computers, the likelihood of older currencies such as Bitcoin being hacked is very high.
We'll need it to solve many security issues and speed up networks...
APESZN 2020-2021 - Take profits when BTC.D gets rugged ?Alt Season 2017 ended with the blow-off top Dec-Jan 2017, BTC.D got rugged
on BTC chart: top + giga bull trap, ~ 2-week span to take profits
This could be a possible signal for 2021 Alt Season top as well?
