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#BTC Dominance broke down, ALT SEASON Incoming?Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Do not forget to read the other analysis I've recently posted. Links are given just below this update. let's get to the chart. the dominance followed my previous analysis perfectly and broke down below the triangle. We can already see the effect in the market with all those green altcoins in both USDT and BTC Pairs! however, it's important for us to analyze from every aspect of a chart. We need the dominance to break and close below this 100D MA. It's an important factor to trigger the Altseason. keep an eye on it. After the possible breakdown, we will have a retest, that will be the right time to enter altcoins in BTC pairs especially in Red! The breakdown target happens to be somewhere around 39.xx levels. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE

CRYPTOCAP:BTC.DShort
by Cryptorphic
3
$BTCDOM/USDT 30m (Binance Futures) Ascending channel breakdown#BitcoinDominance broke-down locally and is likely to retrace in the coming days. 50MA seems to be acting as resistance now, that would be a good thing for altcoins relief! Current Price= 1113.8 Sell Entry = 1116.2 - 1128.8 Take Profit= 1073.0 | 1025.2 | 992.5 Stop Loss= 1162.2 Risk/Reward= 1:1.25 | 1:2.45 | 1:3.27 Expected Profit= +17.64% | +34.68% | +46.32% Possible Loss= -14.16% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 4x Estimated Gain-time= 5 days
Short
by TradingOn
2
BTC DOM (UPDATE) - Alt Season Is Officially Here The last major support is broken and BTC dominance is tanking at rates not seen since last bull run - highly unlikely we will go down all the way in a straight line so expect some sort of bounce, as to where that will be is hard to tell as there is basically 0 support until 35% so it will rely entirely on the natural market movements. Getting to the lower part of the channel its been respecting for a couple of months - if we see a break it will only drop at a faster rate. SEE PREVIOUS BTC DOM POSTS
CRYPTOCAP:BTC.DShort
by spookyblackfly
1
Bitcoin Dominance Ready To Take The Plunge?This is an update to my previous chart... Observing the Altcoin market over the last few months, we see the alts have made some incredible moves. We've seen Bitcoin Dominance teetering on the edge over the last 6 weeks. The question is, are we about to see a Dominance crash? Last year we saw the Dominance chart broke out of the descending resistance line and got rejected from the historical resistance level of 72% - 74%. It's been flirting with the 60% support level and now, we've finally poked through below. We do not know if this will cause a crash or reversal at this point. "IF" we do see a weekly close below 60% in the near future, which will signal potentially the biggest Altcoin cycle we've seen in many years. We'll wait for the market to show its hand over the coming weeks/months, and will react accordingly. There are 2 ways of looking at this chart, I'll post another chart below that shows a cleaner look at things.
CRYPTOCAP:BTC.DShort
by CryptoSyphn
BTC.D : Good news for ALTS CRYPTOCAP:BTC.D Hello everyone 😃 BTC.D is at pressure zone. This zone will holds BTC.D for couple of days ! This will make space for ALTS to fly... BTC.D will being uncertainty in this zone. 📌 Also ACC is slightly bearish ( Kinda neutral ). It's a good time to buy ALTS such as : TOMO , BAND , LINK , XTZ , SXP , AVAX , DOT , ETC , EOS and SRM. 🔴 Or it could be a pullback zone for BTC.D :)* Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
CRYPTOCAP:BTC.D
by Helical_Trades
20