#BTCDOMINANCE turning upBitcoin dominance has been stuck for the better part of a year between 39% and 48%. We have recently seen dominance fall back from as high as 48% right back to around 43% where we seem to have found some support above the 200day moving average and at the anchored vwap from the JAN 2022 lows. Looks like bitcoin wants to regain some of that dominance here.
Btc-dominance
USDTDOMINANCE 2HOUR UPDATE BY CRYPTOSANDERS !!
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as I mentioned in my previous chart that USDT DOMINANCE will move upside till the level of 7.79% and it moved well USDT DOMINANCE is currently trading on a crucial resistance level.
It needs to get rejected from this level for bulls, rejection will again bring green candles in ALT coins, and a break above will end up things again for bulls and it will rally towards the level of upper resistance which is around 8%.
Let’s see how USDT DOMINANCE performers in upcoming hours.
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Full Fundamental & Technical Analysis - BTC We are living in arguably the most interesting time for all financial markets.
Some economists, politicians, and business entities know the saying: “when America sneezes, the world catches a cold.”
Now, no matter how you interpret this statement the U.S accounted for over 20% of the expansion in world RGDP during the past two decades. Moreover, U.S' correlation coefficient for Economic Growth compared with the rest of the world is over 0.8 (impying great significance). Thereby, I will use U.S bonds throughout my analysis to explain price changes in BTC.
Bitcoin and other Cryptocurrencies are classified as high risk and volatile trading assets, and therefore the value/price of these digital assets is greatly exposed to exterior influences (news, Elon Musk's Tweets, and etc...).
The chart above shows the Log(BTC):
- Breaking-out it's long-term channel
- Successfully retesting it's old support line (or new resistance)
- Starting a new Bearish trend
For Retest Zone 1:
Global Investors' confidence has been decreasing. For maximisation of relevant content I have only attached Investor Confidence Index as proof.
www.statestreet.com
Macro analysis may potentially explain these changes:
*** Short-term bond yield reflects Fed's Monetary Policy changes
*** Long-term bond yield mirrors Inflation
*** The Spread is the difference between the yield rate in the two bonds (10-2)yr
From above we may derive:
- Inflation's impact on Fed's interest rate policy
- 4 cycles of an economy
- Some use for predicting recessions
Looking at the chart we are at risk of going into a recession. This analysis stresses the extent to which Macroeconomic indicators are important in explaining, evaluating, and predicting Investors' confidence.
“Historically, a US recession tends to follow a year after the curve inverts, though the variance is large and there are occasional false positives,” said Priya Misra, head of global rates strategy at TD Securities. (Financial Times, APRIL 6 2022)
Evidence of impact on BTC:
(using average volume as an indicator of investors' confidence)
When BTC's average volume started gradually decreasing - the 10-2 Year Treasury Yield Spread reversed direction, and started heading down to 0 (Figure 1). BTC dropped by almost 75% (from ATH) at the same time the spread dropped with great momentum (Figure 2).
Figure 1:
Figure 2:
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I enjoyed making this post and plan to conduct further analyses on retest 2 shown on the charts above (current retest).
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BTC.D - ULTRA BULLISH /ALT BLEED BTC.D is bottomed or is bottoming out. Meaning we could drop lower towards most below blue line. If that happens it will be a ultra bullish pattern => Inverted H&S into a mini inverted H&S. However the whole structure is bullish. Expect it to reach 50-52% where alts will bottom, this is the point to buy in. Expecting V shape recovery for alts afterwards, for at least 2x to 4x. Be carefull, bullish BTC.D means, alts will outflow and inflow into bitcoin resulting in 30-40% cheaper from todays current price of alts.
Bitcoin Dominance at SupportBitcoin Dominance is showing a 4H Bull Divergence, as well as being at the bottom of a BIG Support Level.
So essentially when BTC.D increases, if you are SHORT on BTC you will get the worst gains. So if the market goes down, Shorting Alts will be more profitable. (This is what I am thinking here is the scenario - a big push up over a few months towards 50% before the next bull run).
When BTC.D increases, if you are LONG on BTC you will get the best gains buying Bitcoin. However, at this point in time, it would not make sense for Bitcoin on it's own to move up without Altcoins moving up more, so for now I am short until the Low $16k's.
Bitcoin Weekly Analysis 📊 #BTCUSD (BTC)
💹 Time Frame : 1W (Log)
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🟡 ENGLISH : According to previous analysis, as we said, we needed to wait for the positive reaction to the BULLISH BREAKER BLOCK zone (in the range of $ 14850 to $ 19500) . The price reacted positively to this high-potential range of demand. Note that this upward movement will still need to consolidate and will not be a 100% sign of an uptrend (Bullish Trend) , Because macroeconomic factors show the opposite. With an optimistic view and if the price consolidates above this price range, we can expect growth to eventually reach $ 29,000 and then continue to fall ...!
⚠ This Analysis will be updated!!
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👤 Trader_Needs
📅 06.222.2022
⚠️ (DYOR)
BTC.D OutlookA few days ago, I made another analyse saying BTC.D will go down to 40%; but, that was in case if BTC had intended to go up from 30K. Today, BTC is falling and we can clearly see that BTC.D. can rise until 50% or more.
The green line is our long time resistance.
The blue line is our mid term trendline.
The pink line is our short term trendline.
BTC.D Gann Square Analysis Gann Square Analysis shows us the supports, resistances and trends for BTC.d. If BTC.d gets in the green zone, we can see stable altcoins while BTC dumping. If BTC.d gets in the red zone and if BTC dumps while that happens, alts will dump so bad. Everything can happen in blue zone.
BTC.D&OTHERS.DFrom the Chart we clearly see inverse bettwen BTC.D and OTHERS.D
when ever BTC.D goes up OTHERS.D goes down and it makes ALTcoins bleed
So if we are near the bottom for BTC and BTC goes up the BTC.D must break above %50 that means OTHERS.D goes down that makes ALTcoins goes even lower in the prices so it isn't the right time to invest in ALT coins wait until you see BTC.D where it goes.
BTC.D what im seeing hereBTC.D what im seeing here
simple dom/price action comparison here.
this should follow the same long dump pattern it did last time imo, as thats how they reshuffle capital around to drain alts and your bags to reinflate btc when its time.
interesting stuff, lets see how this plays out.
Altcoins are putting in a MAJOR bottom here pretty sure. I yelled at everyone Jan 2021 that we're about to have an altseason and I'm seeing the same again hard as it is to believe. Ignore the news and sentiment and follow the charts. It's the part of the cycle where everyone hates on alts and says BTC is the only thing to hold, that's where you want to buy/hold through it. Pretty sure things are about to get exciting.
Bitcoin dominance. simple "truths"The world is made up of mountains
The world is made up of mountains
from the sky and forests,
the world is only a dispute
two children's voices.
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graph is upside down
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It can be assumed:
Bitcoin dominance - will decrease in its volatility along with the volatility of the price of bitcoin.
Bitcoin dominance - tends to a certain range of values, or rather tends to become straight.
Bitcoin dominance - generally tends to fall rather than rise.
Bitcoin dominance will never be greater than 100.
Bitcoin dominance will never be greater than 0.
Bitcoin dominance - may get a new big surge (growth) if many alternative projects start to die and close.
Bitcoin dominance - even if most of the alternative projects will die is unlikely to be more than 75.
Bitcoin dominance - even if most alternative projects develop and displace bitcoin, it is unlikely to be less than 25 in the next 5 years.