BTCD parallel channel#BTCD
BTC dominance is inside a parallel channel, it turn uptrend after touching the lower line of this channel. dominance will go up to touch the middle line so there will be a little down trend today in BTC and ALTs
Btcd
Staggered Rise Leading to Massive IncreaseOn both charts Bitcoin Diamond and Litecoin we can see the similarities, both with a large rise then following a pullback
Linked below is a great fractal showing the potential of this formation
I am seeing this formation more commonly across the board
BTC.D broke down support#BTCD
#BTCdominance break down the ascending support, and now is confirming it as resistance.
as I predicted before it probably will drop more to 40 that is a strong support zone.
it can be a great opportunity for BTC and ALTs
BTC.D Rising Wedge TargetRight now we see Bitcoin's Dominance ratio form a bearish rising wedge pattern that sees a target of the original swing low around 41.20.
This could see a good push for prices in alt coins and a stall of BTCs price action.
BTC.D Bitcoin Dominance - Elliott Wave + Alt Season!- Update for BTC.D chart on the weekly timeframe.
- The chart is showing us that bulls are forming an ascending triangle.
- Which is something we do not want to see, if we want ALT SEASON!
- However, i bealive the index will continue to drop down after the triangle plays out.
- The triangle can also morph into a bear flag, which is something we want to see on the other side.
- This is my Elliott Wave count, if you have something better, please let me know in the comment section down below.
- 200 moving average is a strong resistance, so keep that in mind!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
Bitcoin DominanceKeeping a close eye on BTC dominance as it continues to climb above key levels of resistance.
BTC.D near strong resistance#BTCDominance
BTC.D is now facing a strong resistance zone, also RSI is above 70 that shows it will reject from this zone, that might be another chance for #ALTs .
What to do with Altcoins? 🤔🤔Many people ask for an analysis of altcoins.
What to do?
When to buy?
When to sell?
I get questions like this in my personal messages every day!
Let's figure out what to do.
The bitcoin dominance chart clearly shows that the price has broken away from the significant 40 mark. After that, it has been moving in an uptrend for a month, which is not good for altcoins.
The price has now entered a zone where the fate of all altcoins will be decided.
Bitcoin dominance - 2 scenarios:
a)If bitcoin dominance breaks the upper resistance level, then all altcoins will start to decline further and the best solution is to sell.
b) If bitcoin dominance breaks the lower support level, it will be a good buying opportunity and the altcoins will rise well.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Super Alt-Season - BTC.DFalling in stages 1 then 2
It can be observed that this was the case in the first alt season
A larger alt season is yet to be uncovered
The Super Alt-Season
Bitcoin Dominance UpdateRecently I shared a chart for Bitcoin Dominance (BTC.D).
Here is a follow up, short and simple...
I believe this chart will continue climbing until reaching 50 and higher.
The indicators, RSI and MACD, as well as the volume bars and the candles (candlestick reading) support this.
Previous chart:
Remember to hit LIKE and leave a comment.
Namaste.
BTC.D At The Edge Of The Triangle !BT.D has made an ascending triangle. Now it is at the edge of the pattern. In the case of downside breakout, alts can make huge profits. By the way, we should wait until breakout.
Accumulation Cylinder FormingThe BTC Dominance is playing inside an accumulation cylinder and appears to be headed for level 50. In my opinion bitcoin is gaining strength. Very likely considering the global events taking place day by day. If it goes up we will see the Altseason delayed, at least towards the end of the year. This is however a positive sign for the entire crypto space, which will gain against USD. It wouldn't be good for Bitcoin to collapse now.
Bitcoin Dominance - New Take: Possible New ATL forming for BTC.DI used to think we would reach ~50-53% for sure, perhaps even re-test ~60%, and then head down towards 36%, stopping there and heading back up. While this is still possible, I am starting to believe that BTC dominance may find a new bottom this cycle @ ~32% or even lower, and ~47-48% may be our stopping point before heading down to our new ATL.
Here's why:
1.) BTC.D confirmed a double top when we broke below 53%, and that gave us a minimum target of 32%. It's still possible we re-test 53% @ the neckline of where we broke down, but the break was super strong, so 47-48% seems more likely
2.) ALTs haven't yet had a big run against their BTC pairings. However, Ethereum offered us a preview of what this could look like a few months ago when it made its last high. Whereas, alts have yet to catch up with ETH, and they look primed to do so. On the other hand, ETH still looks bullish vs BTC as well. We may not yet see a "flippening" of ETH vs BTC, but ETH and some of the more promising new alts may eat away at some of Bitcoin's dominance again.
Let's see what happens. Previous ideas linked below under related ideas.
BTC.D flag or wedge#BTCDOMINANCE
BTC dominance broke out descending resistance. the pattern that is forming can be a flag or wedge:
the leg up toward resistance will make another opportunity to buy Dip #BTC around $29k or $27k or $25k
And I think it is more possible to head down after touching the resistance and make another ALT season.
Are you ready?😎
BTC Dominance to 60 - 70 again with the crypto bull run over (for now) btc with rinse in dominance against alt coins again
BTC.D Possible ScenarioBTC Dominance is going to reject from the 46% level. I think it can come down to the 44.55% level in the first step. After that, we can see a H&S pattern and continuation of the downtrend to the 41.5% level.
⚠ The pattern doesn't complete yet, so we should wait and see what will happen.
BTC ... It's like watching PAINT DRY! Evening all!
Back at looking at BTC tonight - It's a slow one, not going to lie!
Let's talk about what we think the next play is & where we can expect this to go!
BTC.D Resistance LineLooks like BTC.D is fighting a previous line of support, I know it wants to break through, and will but its just a matter of when.
Will DeFi or Alts have another chance to fly or will the market continue to fall with more liquidity being pulled out of Alts into BTC and stable coins?
Not trading advice.
If you have a mortgage on the line, or have put in more than you can afford to loose in crypto please be very careful and MOST OF ALL do not, i repeat, DO NOT listen to me!
BTC.D near ascending support#BTCD
#BTCdominance is near support, if success to break it down, we will have a short ALTs season again.
keep eye on altcoins and take profit on each targets it may finish soon.
But if dominance break down the support zone and drop to 24 we can take great profit from altcoins.
BTC.D along with targets due to previous analysisI forgot to specify targets on previous BTC.D analysis.
There are some Fibonacci levels for hitting the waves targets.
Here you are!
BTC.DWe are below the 55 EMA again on the daily TF
Beautiful for #altcoins
We are also 21.33% away from the all time low for #Bitcoin dominance which was 35.41% on 13th January 2018
BTC DOMINANCE is picking up the paceEver since the May collapse and subsequent bottom, the BTC Dominance has been slowly rising back above the 1D MA50 (blue trend-line) in such a way that resembles that January 2018 bottom. As you see the LMACD isn't all that different either and if the 1D MA50 holds, the next (short/ medium-term) target is the 1D MA200 (orange trend-line).
If BTC D is in a similar situation as then, we should see the alts then gain some momentum after and then give it back for one final bull run of BTC.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Pablito1986z
--------------------------------------------------------------------------------------------------------
