Btcdom
ETH / BTC Long: BTC Dominance Weekly Flipped = ETH / BTC WeeklyWhatever Bitcoin Dominance does, Ethereum will do the exact opposite, proven over time. At the top is Bitcoin Dominance weekly chart, flipped upside down. Below is ETH / BTC weekly chart, normal.
Should BTC Dominance break down here and complete its head and shoulders pattern, Ethereum / Bitcoin pair will complete its HSi and move up dramatically in the same way BTC.D moves down.
I'm bullish on ETH vs BTC, I think we'll reach at least a ratio of 0.05-0.06 BTC per ETH, with a possibility to re-visit our previous all-time high and potentially break through to 0.2.
BTC.D Critical TerritoryThe Bitcoin Dominance hit the weekly support from the rising uptrend.
For the 1st scenario a reversal is going on right now. (higher probability)
For the 2nd scenario , a break to the downside will led to a massive Alt-season. (Lower probability)
P.S. I would like to hear your toughs in the comments below, Thanks.
BTC.D - Bitcoin Dominance returning to previous bottomBitcoin dominance is nearly at a free-fall. Meanwhile TOTAL 2 Marketcap (the total altcoin marketcap without btc) is at its previous all-time high. We may see a very nice rise in altcoins here for some time, especially should BTC Dominance confirm the expected head and shoulders pattern. I think this is likely having exited its channel strongly with a poor attempt at re-testing a re-entry near the bottom of that channel. Though a 2nd re-test is possible.
On the other hand, this may also mean we that are nearing the end of our bull run (within months).
Bitcoin Dominance and Altcoin Team Beta : ie. altseason or what?Bitcoin Dominance and Altcoin Team Beta : ie. altseason or what?
We gonna get this altseason or what? This weird ass fractal that I took from the very start of BTC/Altcoin's relationship. Stretched it and walla.
Would be great if this plays out. Also makes some sense I thought.
Go team Beta!
ETH.BTC vs BTC dominance TA. Backed by facts version2Hi All,
This is a continuation of the previous post, so far accurately mapped. Link below
We are now at a pivot point and it might give the ALTS a chance to rally however I am not confident how to play this because if BTC break this level of resistance, we will see volatility
which will give BTC the advantage in the short term.
So I see BTC domnance still go more higher and the chart shows that we have something of the nature of an inverse H and S structure.
Looking at BTC, if its to pullback, I'm looking towards range of 23.5 K to 24.5K pullback somewhere in January.
All the best,
S.SAri
BTC DOMINANCE: NOTE THE WICKS
PREVIOUS POST
BTC DOMINANCEBTC Dominance Weekly chart analysis
Pure C&H pattern (rocket bullish pattern)
Now btc dominance faces multiple resistances :
c&h neckline resistance
Horizontal resistance
Trendline resistance
200 EMA dynamic resistance
If btc managed to break this point
Btc will rocket moon more than any one will expect
Alts will bleeding more specially satoshi coins
That's why in last days i share only tether coins signals
I hope dominance not breakout up more
In hope alts can have breath to grow
🚨 Please take care of your active trades
And be ready for everything at this senstive area
Good luck 🤞
IMPORTANT UPDATE on BTC.DThere are times you need to update your hypothesis and think about different scenarios , this is one of them.
As previously mentioned, I was expecting BTC dominance to move in a downward megaphone, but it seems and feels like another potential scenario could be that BTC Dominance is targeting
76-77 rang at the top of an ascending wedge.
This will also allow BTC dominance to close the gap at 74 Level.
This might also point to a higher BTC price before alt season starts.
BTC dominance (Y20.P5.E3).MACRO. Upward pressureHi All,
The timing is interesting about BTC dominance when its reaching the ATH for this year.
The pressure is upwards and it can only be attributed to 2 things, a breakout of a new high or a strong rejection.
I'm worried about the double top scenario however the macd and rsi gives the impression in the short time period, that there is more room to the upside.
With the initial upwards trajectory of BTC dominance, I still see more sideway ranging at this level between support and resistance
12 HRLY chart, note the macd, to me, all seems strong to the upside
My green box has a number of confluences of resistance so its hard to know.
Lets hope it can hold this level for a day at least.
All the best,
S.SAri
2Day chart, note how each fib level played support.
BTC dominance (Y20.P5.E2).Big move comingHi All,
We are coming to an area with many reasons for a bounce, if not a reversal (not yet as downward pressure on the daily is still there).
I see many posting that suggest that this formation is bearish, but I see it a big continuation pattern based on corrective waves.
I have the ABCDE count and E being in the range between 0.382 to 0.618 fib level (orange box area).
If it is to go below this, then I got my count incorrect.
Here is the 2 scenarios:
1) Alts keep rising and hit their target, whereby BTC drops hard towards $14 to $16K.
2) Alts keep rising and hit their target, whereby BTC breaks the $18740 resistance and makes another big pump.
The last time the ALTS hit their peak and target, BTC was in a ranging price where it eventually dropped nearly $2K, from $12.5K to $9800.
My guess, the funds were taken away from BTC and into the ALTs.
Which scenario would you favour based on what you see?
If BTC remains above 18740 for over 4 to 8 hrs, then I would lean towards an upward break.
A daily candle closing above this price will seal it I think.
If BTC drops below 18250, it opens the door to the downward trajectory.
I would be cautious at these times.
NOTE: When bitcoin found its bottom and started moving up, LINK and many of the alts kept dropping.
All the best,
Regards,
S.Sari
Look at the daily MACD
Left Link, Right BTC:
NOTE: When bitcoin found its bottom and started moving up, LINK and many of the alts kept dropping.
Which maximalist are you ?1 Orange coin vs Altseason
Today on coinguekcko
Coins: 6019
Exchanges: 408
Market Cap: $449,813,748,595
24h Vol: $79,452,890,716
Dominance:
BTC 64.5%
ETH 10.9%
USDT 3.78%
CoinmarketCap:
Coins: 7 597
Market: 32 255
MarketCap: €374 494 098 803
Vol 24h: €164 455 142 889
Dominance BTC: 64.3%
BTC dominance (Y20.P4.E6).MACRO.Resistance Reached?Hi All,
It feels like the perfect storm is brewing for the ALTs and most likely the DeFi derivatives to take off soon.
Looking at the chart and its indicators, is not the best to read with that big wick south.
Having said that, here are my thoughts.
a) BTC dominance has hit a key fib level which also happens to be the previous support along with confluence with the macro structure, top trend line;
b) We have the indicators reaching their max on the daily and more charts and crossing over the signals, pointing down;
c) We can observe on a number of ALTS, eg ADA and LINK that they are holding a key level or position with a bullish candle in the making. Refer to the 2 samples below;
d) We also will likely have BTC finding resistance at this top level and likely to go sideways for some time, week or weeks before making the next move;
BTC is still remaining bullish but it needs time to tell us if its going to cool down after a big move of lately (which I suspect);
e) While BTC ranges sideways, its likely that the ALTs start making their move;
f) Its probably likely that the ALTs start making new highs before BTC makes its next big move now;
ADA chart
LINK chart
BTC - bearish divergence on the daily
BTC dominance weekly chart, indicators pointing down
Please give me a like or tick for this post.
Regards,
S.SAri
Why is BTC dominance important and how it affects altcoins?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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Possible bearish retest for BTC.D looking good for Altcoins?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.