Old McDonald Had A….…FARM!
E, I, E, I…O!
And on that Farm he had a….imminent breakout!
All jokes aside, FARM appears to be on the brink of a parabolic move upward, meaning that it’s certainly NOT the time to sell the FARM. Additionally, you can also harvest any FARM you hold to earn an additional 15-30% APY @ harvest.finance.
Jump in, the water is warm.
Btcd
Altseason Almost Here!!!Ah yes it feels a little bit old saying this over and over again but BTC.D is being very stubborn and is holding on by a string lol, it looks like we could be in for an explosive altseason coming sometime soon... fingers crossed lol. We are finally seeing a decent push down below the 40% level which has given us lots of trouble recently and hopefully we can continue that drop to our 39.50% level which is absolutely key. Personally i believe if we do cross this mark soon and close below a couple times that will be our confirmation of altseason, we have no support underneath here unless we factor in price action from 2017-18. Looking at the BJ key levels we notice that we are slipping once again below the key resistance level that was recently support and this is our last key level for the downside and also plays into my reasoning of a fall below 39.5% triggering a big fall to the downside. Another interesting indicator, the bollinger bands, are beginning to squeeze down on price action and the longer and tighter this goes the much more explosive move we are going to see, the only problem is it doesn't indicate which direction, but for this scenario i think the guess is very easy on where we are headed. We are also trading in the bottom half underneath the midline which is a good sign, this also gives us the opportunity to trade down and to grab ahold of that bottom band on the BB's this can also trigger a big downside slip, and notice exactly where that bottom band lays.. right below that crucial level at 39.5%, another great reason to believe altseason is on the horizon. The EMA ribbons are starting to spread out and push down on price action, this shows us that the bear pressure is building up and is going to continue building up, i say that because this indicator does not turn on a dime and takes quite awhile to see a full scale reversal. We aren't even fully spread out either we are considered pretty compact or tight still, what we wanna see play out following this TA is the ribbons continuing to push down on price action and aswell as spread out further creating big space between the ribbons like we have seen previously, if you look back on big price moves you will see the EMA ribbons are much more spread out than they are now and thats what we are looking for and i think is what we are going to see once this 39.5% level breaks, we have the bollinger bands ready for an explosive move to the downside and then add the massive pressure from the EMA ribbons, we could see a much lower BTC.D and a perfect recipe for altseason! Not financial advice just my opinion!
BTC.D: massive daily bullish divergence! 2th post.We can clearly see a bullish divergence on the daily. This is going to pump btc price up and drain alts a bit. I anyway hold my alts and dont sell them cause after btc will pick we’ll have a January2020-like alt season!
This is a continuation of my last post which i will relate under here(BTC.D:massive weekly bullish divergence). We have bullishes divergences on almost every timeframe. Also notice the stochastic rsi oversold and ready to pump (both on btc and btc.d)
Its clear how btc is showing enormous strength these days. Don’t misunderstand me: i know btc is not pumping to the moon like most of you wanted.
When i say strength i intend making you understand that there was a lot of selling pressure (due to china trading ban). This has given the possibility to many whales to accumulate huge quantities of btc. Its clear we will have a rally and btc will hold the line. Its just about time! Have faith!!
Here for you, as always, CryptoSoap!
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BTC.D:massive weekly bullish divergence!A huge bullish divergence has been forming in the last months. We could have very soon a btc rally or crash which will take the altcoin cap down. It will probably go down more from here and it will form a clear bullish divergence!
here for you, as always, CryptoSoap!
BTC Dominance: Which Scenario is Going to Happen?Bitcoin Dominance is on the edge of a big move either upside or downside. %40 is an important level for bitcoin dominance to support. If dominance can't bounce at this level it will go straight down %30 which is actually an altcoin party!
In another scenario bouncing at 40 will make a bloody hell for altcoins!
A weekly candle below this level will confirm the first scenario and the other scenario depends on bouncing at this level.
BTC.D Daily TA : 12.26.21 : $BTC.DAs you can see in the bitcoin's dominance chart at weekly timeframe , we see that the candle has reached an important support level, And if the price reacts positively, bitcoin is likely to grow in the short term, and if that support is lost but the bitcoin price starts to rise, there is also the possibility of a small party altcoin. Note that we are only examining the possibilities and that decreasing or increasing the bitcoin's dominance can have different effects on the price, and we have only considered one or two cases. For more information about Bitcoin's dominance and its effects on the price and market, you can Google it and get good information .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 26.DEC.2021
⚠️(DYOR)
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🔥 Bitcoin Dominance Below 40%: Alt Season Ahead?As of today, the Bitcoin Dominance Index has gone below 40% again. This means that BTC's market cap is lower than 40% of the total crypto market cap.
Historically, a fall in Bitcoin Dominance means a strong alt season is on its way. See Jan-May 2020 for example.
The 40% support has been holding for the enterity of the current-bull cycle. If we manage to the week below 40%, we might see a further fall, which would be amazing for alts.
If we look back at previous tops (2018, 2020 mid cycle) we can see that tops occurr after a massive fall of BTC dominance. Since Bitcoin is currently not even close to its top, this might indicate that Bitcoin has more upside if BTC dominance keeps falling.
My target for the coming months would be 30%. This could potentially be the area where BTC will top, we'll see by then.
Happy trading!
BTC.D (market cap dominance %) AnalysisPrice is ranging between supply and demand and current sat in a demand zone where it created a new HH but also a new LL. There is a weekly demand zone below where I’ve refined the daily demand zone within. Price could either navigate to the top of the range or go for the below demand zones which would be good for ALT coins.
BTC.D DOMINANCE OF BTC.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
BTC.D can rise#BTCD
Bitcoin Dominance is above long term support zone and inside a daily support zone, also there is a descending parallel channel that dominance is above middle line. BTC dominance can head up to break out from upper line of channel to touch daily resistance zone and divergence of RSI help this scenario.
but if dominance reject from upper line, it will drop to long term support zone.
so better to take your profits of spot orders to be able to buy dip again.
My Idea | BTC.D | December 20th 2021Another idea for the public. This time we look up for BTC Dominance on the market.
As we can see, the dominance of BTC is decreasing as the other coins / tokens pops up to the market.
And, the market seems to response this by searching (or creating) "the next bitcoin" as we may remembered this phrase many times we've heard since the crypto popularity after the China ban hammer. But, as many as "the next bitcoin" shows up, most of them failed, but some of them i.e. ETH and BNB adapt and dominated the market after BTC.
My concern for BTC, the domination will be rising for early next year, though we never know for sure.
That's for the BTC.D analysis. Hope the best for the market.
*This is not some sort of a signal to buy or sell. Your money your responsibility.
BTC.DAltseason coming ?? ..........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
btc dominance . have a look we have previous pattern for dtc.d but it is not valid . new pattern is formed which shown btc is not going to give altcoins a run.
so what next ? iam going to long btc.d with leverage upto 20x . what !!!. yes iam going to use leverage and longing btc.d . target 10% from now
you can always find other use ful trades here.
BTC demand zone shows the full pictureBTC is losing 50k support, making lower highs, bearish volume , ALTs are dormant but BTC dominance is holding 40% support for now.
S&P500 strong but also DXY strong = mixing signals.
As per chart, 2 possible scenarios are coming:
1. green line - retest of demand zone for BTC 37k-42k or just more swinging time while ALTs drop and Dominance climbs - and then a clear pump and breakout of the down trend towards 50k-55k
2. red line - bearish pattern continuation with a fake breakout and then a further crush towards demand zone 37k-42k.
Trade safe, avoid high leverage.
CCC.io
BTC.D broke out descending resistance#BTCD
Bitcoin Dominance broke out descending resistance as I expected and probably it can rise more to resistance zone. this rise of dominance can cause drop in price of #BTC.
but also $BTC price is at strong support that can hold it.
lets see what will happen in coming days.
🐻🐮
BTC.D - is the altseason coming?A lot of people are asking about bitcoin's dominance. The bitcoin dominance chart shows a descending triangle, which usually breaks downwards. Target = height of the triangle. If the pattern works out, the dominion could go down to level 31. A breakout of the triangle's lower boundary will likely trigger an alt-season.
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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.