BTC dominance showing bullish moves coming! (Technical analysis)BTC dominance is already very low; but interestingly, in the weekly timeframes, it shows bullish divergence move on 3 different oscillators!
Historically, BTC made a bullish move between 23%-65% after these signals.
So in my technical analysis, BTC probably kickstarts another bull run in October & it will last until the end of the year.
Btcd
BTC.D DominanceDont sell your Alts , FUCKING MOON coming 😏 .............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Bitcoin Dominance - Double Tops or Double Bottoms?I see two possible directions from here, green arrows up or red arrows down to same ATL or a new ATL and then green arrows up. Red arrows down gives us a short lived altseason (weeks), unless we get below 30s and then we could last a bit longer. Or, we get a double bottom right now and BTC starts to gain its dominance back quickly.
BTC.D Dominancepump coming so dump coming for Alts , blooooood...........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Bitcoin Dominance BTC.D - Descending channel- This is my technical analysis for BTC.D - as you can see, we are currently breaking out of the descending channel.
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BTC.D broke down middle line of channel#BTCD
Bitcoin dominance broke down from middle line of a parallel channel, and I think it has to fall more to touch the lower line.
that help bitcoin touch the upper line of ascending parallel channel.
also it is possible that BTC.D fall more to long term support zone again, and touch the long term descending support line. then start a rally, that may have cause the drop of bitcoin.
Altseason Altcoins Super Cycle Starting - Tips for Buy Fastsuper cycle starting
btc dominance will spike its historic low
Altseason will be huge
we will already see big movements
Especially in those that seemed to have been dead for years
Tips for Buy Fast
PMA Pumapay
XDN Digital Note
GAME Game Credits
EXP Expanse
DTA DATA
SC Siacoin
COS Contentos
CKB Nervos Network
RDD ReddCoin
BTC.D Dominanceits technical ....................................... BTC dump coming and big caps pump coming ..............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Altcoins Altseason Super Cycle Starting - Tips for Buy Fastsuper cycle starting
btc dominance will spike its historic low
Altseason will be huge
we will already see big movements
Especially in those that seemed to have been dead for years
Tips for Buy Fast
PMA Pumapay
XDN Digital Note
GAME Game Credits
EXP Expanse
DTA DATA
SC Siacoin
COS Contentos
CKB Nervos Network
RDD ReddCoin
BTCD broke out from daily resistance#BTCD
Bitcoin dominance broke out from descending resistance line in daily time frame.
so it will go up to touch long term descending resistance line(red line).
after that it is more possible to fall down to support zone.
but if it break out from the weekly line!! oh we should think about it then!!
🔥 Bitcoin Dominance Rising: The King Is Back?This week, Bitcoin Dominance (the percentage of total market cap in BTC) saw a sharp bounce from the same area which indicated the 2021 top last May, around 40%.
40% is a key area because this is the same area where Dominance bottomed during the 2018 bull-run top.
Since my long-term outlook is still bullish on crypto, I think that Dominance rising from this area might be a good thing. The same thing happened in September 2020 where Bitcoin saw several months of huge gains, followed up by crazy altcoin gains during the fall of Dominance in Q1'21.
On the other hand, Dominance rising is also an indication of investors becoming more risk averse and searching the safe haven of Bitcoin, see the 2018-2029 bear market.
In case Dominance will continue rising, you can expect overall less returns on alts, no matter which direction the market goes.
Happy trading!
BTC.D DominanceAre u ready ? .............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Update on BTC.D - SHORT till 33.75%* My original idea on BTC.D (BTC.D short till end-Aug, then long in Sep; see link below) remains unchanged.
* BTC.D has remained beautifully within the original channel.
* This update is just to point out the uncanny similarities in BTC.D's behaviour between this and the 2017 bull run.
* If BTC.D behaves the way it did in 2017, then it will follow the current channel down to 33.75% (1.618 fib between bottom and top) by Nov/Dec'21.
* Though I've my doubts regarding the timing, I've significant confidence that BTC.D will continue it's descent.
* Let's sit tight. Be patient. And monitor both BTC and ETH's monthly RSI.
BTC Dominance - what to do with altcoins 😱Bitcoin is going down. At the same time, bitcoin dominance is going upwards. This is bad for altcoins. It is very likely that BTC will continue to decline and could collect stop losses below the local low of $42,850. At the same time, altcoins will fall several times harder.
Before that, bitcoin domination has broken and tested the trend line as support. BTC.D has now broken the important level of 41. The dominance could go further in the marked scenario.
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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
BTC.d -Bitcoin dominance -Do we sell Alts positions? or we hold?Based on my analysis, i think that it is better to be super attentive on Altcoins.
1- Dominance is in a very sensitive zone, 39.8% is a strong support
2- If it bounces above this support, the Alts will bleed
3- If it bounces below it, the Alts will continue to rise.
BUT,
The dominance had been decreasing for more than 40 days , and most of the Alts went crazy.
SO,
I think that most traders made a lot of profit with Alts, & in my opinion, it is better to secure your profit, and sell your Alts positions ( except the one you are holding for a longterm), and hold a big bag of USD.
The probability for the dominance to go below the support is low, so i believe that it will bounce back, and the Alts will go down, and we will have the chance to buy more Alts for a discounted price.
ALWAYS DYOR - NFA