BTCD rejected from weekly resistance but still in critical zone#BTCD
Bitcoin Dominance rejected from weekly descending resistance, but still in this zone.
🐻 so if it hold the resistance zone, it can drop more to 40%, the alt season will continue and we can make more profit from BTC and ALTs.
🐮 but if dominance head up to break out resistance it will be the end of alt season.
❇️ so take your profits and wait for the rest. (more profit or closing positions)
Btcd
BTC.D going down - alt season of 2022 should start next week?I still think that we are so close to real altseason, the huge one - 500%+ with random alts in April... as u can see we have beautiful red weekly candle...getting closer to the area of last alt season in the end of 2017. I would reccommend to add this chart on your watchlist!
A short altcoin rally is aheadCRYPTOCAP:BTC.D tells a lot about the crypto market.
This recent trend reversal is a clear indication of an upcoming alt rally. However, I wouldn't expect anything crazy like 2021.
BTC dominance is already low, and a close in the red area possibly signals the end. Anything below 40% is a stretch for the alts. That's an excellent time to take profits into stables or BTC.
#BTC.DOMINAMNCE DAILY UPDATE BY CRYPTOSANDRES Welcome to this BTC .DOMINANCE analysis in the chart
I have tried my best to bring the best possible outcome in this chart.
Hello members welcome to BTC.D 1DAY update by CRYPTOSANDERS
In the above mentioned chart we can see that BTC.D dominance is trading inside the Chanel pattern and rejected from the yellow MA In daily chart.
So just line the previous two moves inside the channel so here we are expecting that BTC DOMINANCE can fall all the way to the lower trend line. Which will be the bull trend for btc.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
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#BTC.DOMINANCE 4HOUR UPDATE BY CRYPTOSANDERS Welcome to this BTC.DOMINANCE analysis in the chart
I have tried my best to bring the best possible outcome in this chart.
Hello members, welcome to BTC.D 4 hour update by CRYPTOSANDERS.
If you have gone through with our yesterday's BTC.D 3 day chart then you will remember, in that chart we mentioned that BTC.D is looking bearish in long term.
In the current scenario, in 4hr chart, BTC.D is currently trading inside the falling channel pattern.
As we told in our last update that we can take a position in ALTCOINS in btc pair this chart is confirming in the shorter time frame that we will be able to earn some good profit in long run.
If BTC.D broke the upper trend line then this chart will be invalidated.
This is not a piece of financial advice.
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.
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#BTCDOMINANCE 3DAY UPDATE BY CRYPTOSANDERS Welcome to this quick BTCDOMINANCE analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello members, welcome to our BTC.D 3-day update
As we can see here that BTC.D is on a support of yellow MA, inside a falling wedge pattern.
If BTC.D rejects from yellow MA then that will be the confirmation that BTC.D can come down to 39% mark.
If it moves as we expect then we will see an uptrend in ALTCOINS until BTC.D changes its movement direction.
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#BTC.DOMINANCE 4HOUR UPDATE BY CRYPTOSANDERS Hello members, welcome to the BTCDOMINANC Quick update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome in this chart.
In the current scenario, BTC.D broke the Chanel downside and retested the lower trend line.
We are expecting here that we will see some downfall which means that BTC will form some green candle because as we know that BTC and BTC.D both work inversely proportional.
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BTCD struggle with weekly resistance#BTCD
Bitcoin Dominance is above weekly descending resistance but this weekly candle is still open.
🐮 if this weekly candle close above descending resistance it will head up to long term resistance zone around 50%, that can force BTC drop
🐻 and if this weekly candle going to close below descending resistance, it is possible that drop to support of 39%, and help BTC grow.
BTC/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello mate you guys know that btc got pumped about 30% when 24fab bounced as trade line and on 7th mar when sam trade line bounced got pumped 15% so we assume that btc is still on 13march we can be pumped around 7% to 8% .
Hello Friend
Two we can make BTC long and trade by putting stoploss, must follow and like for updates.
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This is not a piece of financial advice.
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 - An important area reachedCRYPTOCAP:BTC.D reached an area of strong resistance. The confluence of levels in this zone along with a bearish formation (descending triangle) favors a bounce back to 39%
If it breaks the resistance (~44.50%) we can expect a quick rally to 49%
The next few days/weeks will tell us more about where we're headed.
!! be prepared for a small altseason🤑 as well as for alts sell-off💀 !!
$BTCDOM/USDT 2h (#BinanceFutures)Ascending triangle break retestBitcoin Dominance Index broke-out bullish on Low Time-Frame (LTF), let's catch next pull-back to 50MA support for continuation scenario.
Current Price= 1273.5
Buy Entry= 1260.1 - 1248.7
Take Profit= 1285.0 | 1311.5 | 1330.9
Stop Loss= 1228.8
Risk/Reward= 1:1.2 | 1:2.23 | 1:2.99
Expected Profit= +19.52% | +36.40% | +48.80%
Possible Loss= -16.32%
Fib. Retracement= 0.618 | 1.117 | 1.414
Margin Leverage= 8x
Estimated Gain-time= 10 days
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Will bitcoin dominate 2022!?Guys, before i start this analysis I believe BTC.D is a LONG in the short term till it hits about 45% as that is the resistance of the downtrend channel that is visible. I'm guessing it will happen in about a month. Anyways, this chart shows that a bearish divergance is getting created on the weekly timeframe. Right now it kinda got created but its very small and not visible yet. Once BTC.D reached 45%, the bearish divergance will be huge and visible and that will cause it to dip and A BIG ALTSEASON IS WILL BE TRIGGERED TO START!!! Look at my ADA/USDT and ADA/BTC analysis to see why I am accumilating ADA for the altseason and DYOR. I am not giving financial advise this is just my ideas of ADA being ready to prove all the haters wrong of it having become "trash". DYOR DYOR DYOR!
BITCOIN DOMINANCE IS LIKELY TO BOUNCE!!!Welcome to this new update on BTC dominance in 2 days timeframe.
On 17th Jan 2022, BTC dominance bounced back from the lower trendline and so far it is halfway through to reaching the upper trendline. If BTC.D manages to hold the 21 MA support then we can expect a bounce from here and 45% could be possible. A breakdown will drop the dominance back to 39%.
The weekly close is just a few hours ago so let us be careful.
BTC dominance is going to reveal its direction in next weeksThere is only one question - is there time for real alt season like we saw durinf december 2017? Well if we get rejection here and dominance falls down below 37-35 region, then yes it is possible. If we check chart of most altcoins - the new ones are down like 90%+ from their all time highs and most of them also look like the bottom is near.... BTC pairs are on the bottom on the higher timeframes. All of it together is giving me a clue that we can see alt season again very soon... Ppl are scared and markets are red... lets see... GL Stay safe
NOT FINANCIAL ADVICE
POSTED HERE JUST FOR EDUCATIONAL PURPOSES
BTC.DOMINANCE 1HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC .D analysis.
I have tried my best to bring the best possible outcome in this chart.
BTC.DOMINANCE is the You all know the reason for the sudden loss of BTC, because of which people are selling every coin due to which BTC dominance is mounting and BTC dominance I think the bad rejection of 43.45% is a force
Sorry for my English it is not my native language.
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BTC UpdateBTC, crypto and global markets give a good bounce in the last 24 hours after Biden's conference last night, as well as no more negative news from the Russia/Ukraine crisis. Must watch the crisis very closes as any news will affect BTC price. FED interest rate is another factor that can create speculation in the market. On chart we can see BTC broke the downtrend resistance and is now at a new resistance line at $39k and has a bullish MACD. ETH.D is up, BTC.D is down and MCAP is up, this is good sign as it shows more money is flowing into alts.
Trade the range, trade safely.
$BTCDOM/USDT 12h (#BinanceFutures) Rising wedge breakdownBitcoin Dominance Index just lost 50MA support and seems to be heading lower, that would be a nice relief for Altcoin.
Current Price= 1205.1
Sell Entry= 1209.2 - 1228.8
Take Profit= 1162.2 | 1131.3 | 1101.2
Stop Loss= 1262.7
Risk/Reward= 1:1.3 | 1:2 | 1:2.7
Expected Profit= +18.64% | +28.76% | +38.64%
Possible Loss= -14.32%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 4x
Estimated Gain-time= 5 weeks
Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance
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