Altcoin Season NOW!The BTC Dominance is ready to fall. A huge Head en Shoulder is breaking down! Buy alts now!
Btc-dominance
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?
BTC DOMINANCE WEEKLY BTC Dominance 1W
LONG TERM ANALYSIS
NOTE: there is 2 level if we break 59.50 downward altseason will begin if we go up and break 67.5 you should say goodbye to your alt bag .
can btc dominance go higher ? if btc dominance can break the trend line successfully
well i can ssay it is not alt season started yet
it is just my idea
BTC updateHello every body
today we had a great dump since the bullish run started we didn't have such thing before
the price of bitcoin have successfully gather back from the trend line i show in chart but in one candle we have a shadow to 47500
it seams if the trend line breaks price can reach and go down to 47500
but if it is not we can get at least the last ath 58000
Information provided is only educational and should not be used to take action in the markets.
BTC DOMINANCEThe important level of 62.3% was broken by a strong impulse. Dominance is heading downwards which is definitely good for altcoins. This weekend promises to be green.
The next supports are located at 59% and 57% levels.
#BTC.D #4H #dominance #bitcoindominanceHi guys..its the latest analyze chart of DOMINANCE of bitcoin in 4H timeframe .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
BTC Dominance Long TermBTC May turn around and continue higher but BTC Dominance should go down like 2017. This first red candle that is creating a bearish engulfing is great to put a year long downtrend like 2017. To build wealth in 2021 you need to be owners of ALT Coins.
BTC dominance reached support zoneBTC DOMINANCE
Reached support zone 63-62%
From here more likely is dominance to move up
Which mean bleeding and correction for alts
If dominance breakdown this Support can lead to alts season but this is less likely here
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Next week is very important for all the market
Take care because big move soon and dont overtrading
BTC.D - ALTSEASON while we are in the blue rectangle. Alt season continues.
Push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
