Btc-dominance
#BTC/USDT 2Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 6Hr UPDATE !
As I told in the previous update, you can read further in BTC's it is going on
As we can see at the above mentioned chart after a sharp rejection from upper resistance trend line BTC moved to south by 3% and again able to recover towards north and currently facing the resistance level again.
As BTC is suffering to break above which is the most necessary rally above.
Break above will lead BTC towards its upper price level of $25k and rejection will again lead it to drop towards lower support levels.
Let’s see how price perfumes in upcoming hours.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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.
BTC.D Testing Key support levelThis graph shows 1/Total Crypto Market Cap(excluding BTC).
Currently we are seeing general uncertainty in the most volatile market. It may be a better idea to hedge your positions with spreads . In other words, if you are bullish due to fundamental analysis factor on ETH or any other altcoin, you may place a long with your alt and a BTC short .
- Same goes for otherway around (BTC long, shitcoin short)
- This idea is based on the assumption that Cryptocurrencies move in the same direction
BTC.D - Bullish Retest & Bounce Incoming?With BTC strength reducing as it hits resistance at the top of the bear channel , we also have potential confluence with BTC .D potentially about to do a bullish retest and bounce from the macro falling wedge it broke out of early in the Spring .
Naturally a retest and bounce points to another batch of selling off for BTC and crypto as a whole.
Any thoughts on how this idea could fail?
BTCUSD:Long Term View 2022/2023Hi TV's Fellas!
This is my current view for #BTCUSD on the long term:
Despite Btc has formed a potential bottom/support around 19/20K area, the real market bottom has not been reached yet.
As you can see there are still two weekly gaps(green lines) which needs to be filled before the Big Bull Run will starts again.Also, according with #BTC.D there is still a massive gap around 40 which must be filled before the crypto King will be able to take back his dominance in the crypto market.
Lastly, Total Market Cap has a gap to be filled around 680/700B and that's main reason why I can see BTC but especially majors ALT Coins reaching certain low gaps before the Big Rise.
In the next weeks I am expecting Btc to reach 29/30K before the next drop, as everyone knows massive liquidity is always needed into a market to complete important moves, despite the trend itself.
Also,for some reasons, I do expect Bitcoin forming a double bottom around 7,5/7,8k(last gap, marked with a green line) before ATH's being retested...but for know only time will tell us!
If you have any comment or idea to share please write them in the comments below, and thank you very much for reading! :)
Scenario - Nasdaq, BTC, AltsAs there is still a large correlation between BTC and Nasdaq, we can hypothesize this scenario:
Double low for the Nasdaq, which sees an upward rebound before its achievement, at the same time BTC would also recover, fluctuating up to a threshold (approximately) of 45K and then creating a double low of 32K (January low). Also the Dominance has reached the 50% retracement level, I expect a descent of this, therefore, a flourishing period of the altcoins.
This analysis is a medium-term hypothesis, it will be explored in detail later.
Take a step back and look at the big pictureBitcoin just confirmed the 200 Weekly MA as resistance. This doesn’t confirm that Bitcoin is going lower but it is a strong indicator. Combine this with the Bitcoin dominance chart on the longer timeframes, it’s looking more and more likely that the pain isn’t over. In the short timeframes it’s easy to be convinced that Bitcoin dominance is still range bound and may break upward very similarly to the last bear market. The formation is smaller but looks to be an inverted head and shoulders pattern. Also not promising is the TVC:DXY making higher highs and just confirmed a new support. Draw your own conclusions but this looks bearish to me in the short and midterm.
💪 BITCOIN DOMINANCE Update 📈Jul 21 , 2022📉HEY traders, what's going on today ?! 😉
Let get started to reanalyze the bitcoin dominance!
In the last analysis that I had for BTC .D, I expected more increase for Bitcoin dominance , but it returned back exactly at VG zone and according to my downward scenario.
today as we can see it already has reached the major support zone, and can start to rise over here , and as you know recently bitcoin's price has jumped while its dominance almost hasn't have any significant increscent , so if bitcoin want to maintain its current uptrend movement , its dominance should increase gradually in the next weeks , but otherwise the current growth isn't really reliable and can causes btc to fall again and see the lower prices . if the btc.d loses the current support zone the situation gets worse and can see prior lows again .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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BTC DominanceHi traders and investors,
Since January the chart formed a bullish structure with higher highs and lower lows.
If we don't hold the following higher low we can see an altseason.
The price is under 21 WEMA so can be an ideal scenario which can play.
Trying to use oscillators but is not best practice for charts like dominance.
Oscillators are bearish on weekly timeframe so can support idea for an altseason.
Some altcoins vs BTC looks extremely nice (for example BNB/BTC which looks primed for breakout to ATH, or forming a nice distribution we'll see)
BTC/USD BITSTAMPBTC/USD BITSTAMP
1D hollows
Price movement inside Falling Wedge during downtrend.
Once price break out this pattern, new TA is needed.
A major support area shown as horizontal line.
The Resized Bar Pattern shows a possible price movement.
High Volume.
BTC = $19,231.94 +0.16%
ETH = 18.10 -0.62%
Market Cap: $868,717,671,936.835
24h Vol: $42,673,455,962.29
Dominance:
BTC: 42.2%
ETH: 14.8%
Good Luck
#CryptoHellas Team
Bitcoin to $145,000 in by January 2023. Yes, this is rather bullish, but this is just another theory I have about the markets. I could be wrong I could be right, but one thing is for sure - there are 22,000 crypto currencies on coinmarketcap right now, 99% of them will fail and that capital has to go somewhere.
I think Bitcoin is a vacuum for all those failed projects. It's going to eat up all of that marketshare and explode and we're going to have an explosive rally to end the year. Then 2023 will 100% be a recession.
Bitcoin Dominance last rally?!First of all, I believe #Bitcoin is going to claim some dominance once again.
However, BTC dominance is increased in two ways;
1: Pump sharply
2: Dump severely
Well, with what I have been witnessing, I believe this time it's gonna be a hard dump since it had already started a while ago.