Bitcoin Dominance Drop!!! Possibles targets!!!The Bitcoin dominance it's crash today and we see that the price it's goes down toward the 64%. So, we were into this bullish rising wedge, but unfortunately Bitcoin dominance was down and we can to see a little altseason movement.
Now, in weekly timeframe, we see that BItcoin it's leading down toward the 64%, another possibility it's that Bitcoin it's formed a possible shoulder head shoulder in formation for the next weeks.
If this will be valid, we can see a possible continuation of the bull rally in Bitcoin.
Now, another function it's that Bitcoin it's formed an accumulatio zone to continue up!!!
This it's amazing!!!
Btc-dominance
BTC Dom is decreasing. Alts season?BTC Dominiance is following Head and Shoulders pattern. If it breaks red zone, there will be good signs for altcoins. Keep your eyes on BTC.D
Besides, Many top altcoins are following reversal H&S pattern or 3 bottoms pattern. I suppose that alts season is coming. Load the truck and hodl it tight.
BTC trend line at its max, will BTC break it?With BTC dominating the market and all Alts waiting on a correction it will be hard to break that trend channel in the short term.
Since when BTC broke the triangle from 20k, it create a very stable Trend channel, and looks like it will respect it for now.
Mayer multiples are over 2
RSI (not very accountable) is also very high.
We are definitely over the on the Stock to flow model.
BTC.Dominance - ALT SEASON IS COMING.ALT SEASON IS COMING.
Many altcoins are looking to go grown.
Bitcoin dominance shows that growth is possible.
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
BTC dominance outlook - first 6 months of 2021As we've hit a long-term resistance in BTC dominance, as well as a well-extended price, the narrative for an ALT-season seems strong, once BTC settles into a holding pattern.
Once BTC dominance has retraced to the 100-day MA in early summer, it would likely restart BTC's bull run again.
Touble top incoming !!!Things are starting to align, January is approaching and Alt season will be explosive! The BTC Dominance chart is showing the foramtion of a possible double top.
Hopefully this will fulfill once the indicated horizontal level is reached.
Once BTC D reaches that level the domino effect will start, and more money will stream in alts, it seems like 25 k MIGHT be the top for now.
Ideally we see a consolidation in the current are 24.5k to 25k and the BTC D go down swiftly
I would not be suprised if the dominance chart fully ignores the double top and breaks out further to 73ish %.
Fingers crossed for ALT season yall.
Happy holidays.
Leave alike if you agree or hope for the same playout.
Cheers
💎BTC Dominance Must get Rejected Frm here, Fr Altseason!Hello Dear Traders,
In last 2 days alts dumped heavily , One reason for this dump was rapidly increasing BTC dominance and News of XRP ,
this 2 things dragged down every other alts except ZIL and theta. BTC dominance is at supply zone, previously many times it rejected frm same zone.
i m expecting same frm here again. if dominance starts declining then we will see massive alt-season.
also one more thing to notice is most of the altcoins touched its daily and weekly demand zone, and giving very nice spike.
in next post i will post ideas of btc and some good looking alts.
keep in mind btc dominance is at supply zone and if it starts declining then start buying alts.
Le BTC sera le seul à surperformer le BTCLe BTC va surperformer les ALT:
Sur graphe en Weekly, BTC dominance:
Point 1/ Gros W weekly en 2018, Des W dans des W weekly; On casse la neckline de ces W ( en jaune) en Juin 2019 que l'on vient retagguer en 2021 pour prendre appui avant résomption à la hausse (en cours)
Point 2: Depuis Juillet 2019, dans un canal descendant avec 4 touches sur bornes hautes. La 5ieme actuelle sera la bonne;
Point 3: En avril 2019, on casse le biseau descendant à la hausse en prenant appui sur la trendline (bleue)
Actuellement, meme scenario: on est venu s'appuyer sur cette meme trendline ascendante pour repartir à la hausse;
Point 4: Lorsque l'on a cassé ce biseau d'avril 2019, et que l'on reporte la figure qui s'est formée après et qu'on la copie-colle au niveau du point 3 sur le graph, tout est parfaitement symétrique;
Point 5: Canal ascendant; On viendrait tagguer la borne haute du canal
Point 6: Cup and handle en cours de formation!
Point 7: Ishimoku : La LS casse à la hausse la trendline descendante qui faisait office de resistance depuis mars 2019
Le secteur des ALT perdra de la valeur fasse au BTC. Ceraines ALT surperformeront le BTC mais l'ensemble fera moins bien.
How are we swinging BTC?Swell, thank you. Upswing took place just as wished for earlier. Now the intension is to gradually calm down with the volatility and continue sideways.
The present price action is more or less identical with a similar situation in early May. Then, during the 50 days BTC was trading sideways, BTC.D dropped by 9 points. That was reflected in the altcoins marketcap that rose by more than 40%. I am hoping to see a similar altseason now.
Trade safe and take care.
Cheers Whoop