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BTC Dominance at MONTHLY RESISTANCE Sorry, Guys! I was busy, that is why I was unable to post any analysis. Okay, Today's Analysis are very very very IMPORTANT, as it dictates the crypto market. Bitcoin is the mother of all cryptos, if it moves, let's move accordingly. First, let me give you the concept: CONCEPT: When the dominance of Bitcoin increases, the dominance of Altcoins decreases having mid to low cap. More bitcoin dominance means more people are investing in bitcoin. This means that market is investing in bitcoin and withdrawing their assets from altcoins which causes the altcoins to drop. Let's understand the supply and demand concept. For Bitcoin: Supply = No. of bitcoins Demand = No. of buyers Now, currently is a demand for bitcoin has increased means more buyers are there in the market which directly pushes the dominance of bitcoin and ultimately leads to an increase in its price, and supply is becoming less. For Alts: Supply = No. of Altcoins with there supply ( More than 1000 alt cryptos with billions of supply ) Demand= Again the buyers Now, as the Supply is immensely huge in altcoins but the buyers have shifted from altcoins to bitcoin causing a decrease in demand of altcoins, which lead to increase supply, and that caused the price to the dropdown. That's why the price of ALTS has gone down. Big Alts Like ETH, XRP having large Market Cap follow Bitcoins, but Mid to Low cap coins have a reverse effect of bitcoin dominance. I have tried to educate you guys, I think you have got the idea of how Crypto Market works. Chart Analysis: Right now, Bitcoin dominance is between the Weekly Zone 61.98 and Monthly Zone 64.40. From 13 July, three candles have been into this zone and have been rejected by the support at 61.98. Also, see how the Trend lines T1, T2, T3 are being respected. We might see some retrace back to 61.98, in that case, Alts are gonna PUMP BACK, if anyone holding the alts can exit during the retrace of bitcoin dominance. Those holding Alts, don't panic, wait for the btc dominance to retrace back a bit. BTC dominance is converging, so right now it's not stable. Let it find the support and resistance and be stabilized, then the alts will be back. If next week the btc dominance candle breaks the monthly level 64.40 and a new candle is formed above this level, then BTC gonna pump more and Alts are gonna DUMP more. If Btc retraces back from this level, we gonna see the pump of Altcoins. Thanks guys, I hope you have got the idea of how Bitcoin and let's work in this crypto market.
CRYPTOCAP:BTC.D
by SmartMaxi
2
Bitcoin, where are you going?Bitcoin has shattered the expectations of recent our recent charts. The bulls are in, and proof is in the chart and history. Taking a look at the 1W chart, the MACD is showing that it just began a long bullrun. Second, take a look at the green boxes. Whenever Bitcoin started moving up.. it kept going up. There is no time in its history where Bitcoin moved up which was interrupted by a massive sell off. Shorts vs Long: There are two ways of making gains here. You can short, buy back in with more capital for even greater gains (by percentage) or you can long this. It seems like we are heading into another summer bull run. It seems like Bitcoin is more and more of a safe haven, specially since China is trying to digitize their currency more and more. 3rd world nations are also going into Bitcoin as well, but as great as Bitcoin is, it will never replace Gold as THE safe haven asset. Targets: $15,000-20,000 Disclaimer: Bitcoin is a relatively new investment. Bitcoin like every stock, future, commodity is manipulated. With that being said, there is nothing stopping a massive sell off without warning. This is the risk to cryptocurrency. You can foresee stock market, fiat declines based on the health of the economy. The same can not be said about crypto. This chart has completed the bear market. It is showing a great bullrun, correction, and continued bull market.
COINBASE:BTCUSDLong
by WorldEconomics
2
Decision Point for Bitcoin! Can Bitcoin push above this solid resistance area to kick start the bull run! The next few days are critical as the upcoming area has a confluence of the below three levels of resistance: 1) 200 day moving average line. 2) Fib level of 0.382, if you take the move down from (approx $14K) top in 2019 and the recent $6.5K bottom. 3) The multi month support level just over $9K which acted as strong support during the summer of 2019, until finally breaking down with an epic downward action - this would now qualify as strong resistance as per technical analysis theory. The current positive signs for the bulls are that it has tested this area many times over the past week and is showing some healthy consolidation near it, rather than just bouncing down. Lets not forget about the upcoming halving event in May 2020, as per previous halving events, the market does tend to boom.
COINBASE:BTCUSD
by PavanUK
BTC at Key SupportWhat Key Support? We are again at the 0.618 - 0.65 FIB retracement zone, which is the MOST important FIB zone for BTC. Whether this zone holds is crucial to where BTC could reach in 2020. When to enter? 1. Timing: Now - Christmas Historically, we often see better market performance in December compared to the other eleven months. Why? - It's time for big sales as traders ditch losing positions for tax write-offs - Portfolio managers bid more aggressively in the market to end the year with better performance reports 2. Use RSI MAs We are still a big fan of using RSI holding/failing its MAs as signals for entering heavier positions. And this type of pattern is always magnified when it happens at MA crossovers. What could 2020 BTC halving do to BTC price? We all know that the next halving will happen in May 2020. Given the still heated discussion around whether 4k is the bottom or we are going to drop below 1k, we do think the key resistance zone at 14k needs to be tested before we break to the upside. This will lead to several months of consolidation in the 7-14k zone. Similar to the 80% price pump before the July 2016 halving, we may see a speculative effect in March - April next year, breaking above the 14k resistance. (The less of a speculative effect before the November 2012 halving may be due to the digital asset’s lack of media attention at the time.) This same type of "buy the rumor, sell the news" behavior has occurred numerous times in the crypto space, leading by the BTC future trading launch on CME and CBOE . BTC price increased more than 300% prior to the actual launch, followed by the 2018 and 2019 crypto winter. Goodluck Trading!
BITSTAMP:BTCUSDLong
by Phi-Deltalytics
15
BTC chart updateWe should see one or a few days flat for BTC price (between support and resistance $5000 / $5200) then BTC will have enough power to break $5200 resistance and next stop should be $5600 resistance which lead us to $6000 price zone, than we think correction will be started and how much exactly BTC will dump - very interesting question. This is unlikely that BTC will reach $7000 zone before dump, but as you guys see on this overhyped cryptomarket still possible miracles.
BITMEX:XBTLong
by bitconsul
Eleven More Weeks Till The End of The Year $BTC All The Way Up!Eleven more weeks till the end of the year. 1. With the recent pump, the cycle should restart to a new cycle, but we can see it making another high, we will wait for confirmation. 2. Still calling last bottom since months ago is $5700 - $5800 3. Big money accumulating offline, they are not buy in the market because it affects the price. 4. Play safe, accumulate your biggest bags regularly. If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! ------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform -------------------------------------------------------------------------
BLong
by blockchaindedi
2
BTC/USD : Lower low? Bullish or bearish? Hi guys, Where is the Bottom? That is a good question, we need to have the best probability for the Bitcoin : BULLISH SCENARIO : - Low volume = next movement will be very strong, so be careful, but if it's bullish, big profits will coming! - We have lower low since a few weeks, as you can see, we need to breakout the bearish trend line to have a good bullish Momentum - We also need to break 50% RSI on daily chart and then, 53% RSI (previously resistance) - Final objective : 7400$ (last high) to confirm the bullish start BEARISH SCENARIO : - If we broken down, the first step will be the bullish trend line about : 6300$ - Second step : 5700$ (the big red support) The daily chart give goods signals and real probability, stay tuned because this will happened really soon for me. SORRY FOR MY BAD ENGLISH GUYS :) TRY TO DO MY BEST BE CAREFUL, BE SAFE
BITSTAMP:BTCUSD
by bandicootmoney
1
Update: $BTC is Going Back to 7K! Here is Why...This my update from my latest BTC update (you can get it here: ). I wanted to do it in a higher time frame which is 4HR and before was 1HR. As the boxes is not relevant right now but the RSI level and 2 others indicators are looking pretty bullish sign at the very moment. Including the price action supporting so. There will be a 40:30:30 for my bullish:bearish:side way (ranging 6200 - 6600 in couple of days/weeks as this chart stay valid), at the moment I see that we might probably heading towards 7K because of the first is majority of the market really glad if we're doing so and there are a lot of positive sentiments lately that indicates and supporting this might happen. We'll see it at the end of this month by the way. Will re-asses my chart if it's get invalidated by bearish momentum, if we just break 6200 - 5800, it will be quite down ward for me. On top of all, the bearish sign coming actually from the market maker, which are having a lot of of this holding / fiat to moving the market up and down, and there are tendencies moving the market down. Even tho there are actually those market makers who can make the price going up, but they just don't want to risk it all since they also get beaten by another market makers probably, so it's better for them to watch from the sideline and waiting for the trend change. It's safer than betting against the market. It's already a month after our a dead cat bounce crawling from the bottom to the top of 7200-7400 and then dumped so well back to 6100 in a matter of second. This is what I'm defining as market makers (: So, trade safe! Support me by follow, likes and sharing this idea. Cheerio!
COINBASE:BTCUSD
by blockchaindedi