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BTC.D - dominance analytics. Ready for an uptrend?Greetings to all cryptomaniacs! Let's analyze the movement of BTC dominance and analyze further expectations from the cryptocurrency market! We saw a downward movement in the dominance of BTC with reaching the level of 57, 35, after which the dominance showed a local upward movement. What can be expected in the future? Now a pattern has been formed on the chart - an inverted "Head and Shoulders" and upon breakdown and consolidation above the level of 60, 31, the dominance will continue its upward movement to the levels of 61.66 and 63.07. It is necessary to observe how dominance will pass level 61, 66. Since this level coincides with the middle border of the channel, and also the moving average approaches it, which will act as additional resistance in the upward movement of dominance. What does this mean for the cryptocurrency market? An upward movement of dominance can mean the same as a downward movement in the cryptocurrency market: BTC and altcoins. The fall of altcoins is faster as a percentage of BTC. So dominance can grow. Or an upward movement in the cryptocurrency market. The upward movement of BTC in a certain period of time will be faster as a percentage of altcoins. Thus, the upward movement will show dominance. My expectations from the cryptocurrency market according to the BTC timeframe, which I will talk about in my next upward movement idea!!! All successful trades and investments! Thanks to all subscribers and readers for your attention! Subscribe to the channel and you will definitely not miss anything. Good luck and profit! Don't leave without alike, and if you liked my analytics, subscribe, and you definitely won't miss anything! Disclaimer! I do not give entry and exit points. I share with you my opinions and ideas, which may differ from yours.
CRYPTOCAP:BTC.D
by aiBAY
1
Altcoin season should restart soon if THIS pattern plays outThe current situation: 1. A head and shoulders pattern is apparent on the 12HR chart, while the price action is right underneath the 12HR 200MA. The neckline is at about 59.4% with a measured target of about 57.7% The bullish case for altcoin: if BTC.D gets rejected at the 12HR 200MA and breaks below the neckline. This will signal lower BTC.D and it will look good for most altcoins. The bearish case for altcoins: if BTC.D gets a SOLID close above the 200MA, which may a signal for lower price action for most altcoins. *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. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
CRYPTOCAP:BTC.DShort
by CryptoRush_
1
BTC dominance (Y20.P4.E4).MACRO.Bearish trend to continueHi All, Looking at the daily, it seems the strong resistance (red line) is causing a hidden bearish divergence and hence forcing BTC dominance to decline. It seems its in sync as the ALTs as many seem to have hit a bottom reversal pattern and as today, the Alts are on the rise. Note how the EMA's acting as resistance layer. This gives good weight to thinking BTC going slowly into a squeezing pattern before it breaks to the upside. Holding this level just under resistance. Looking at the BTC chart below: > Since price is not dropping below 10700 and its now past that wedge like pattern, I'm ruling this bearish tone out. > The PHOEIX, both Red and Green RSI have pasted the 50% level, indicating upward pressure. > Hence I am thinking that I was wrong at looking to buy at a potential drop to the 10200 level, and also now thinking the 9200 to 9800 is a no go and even the 10300 is unlikely at this point. So no CME gap fill in the coming week\s at this point. Bigger picture. Please give me a like or tick for this post, Regards, S.SAri. (ref. D.charts) Since price is not dropping below 10700 and its now past that wedge like pattern, I'm ruling this bearish tone out. The PHOEIX, both Red and Green RSI have pasted the 50% level, indicating upward pressure. PREVIOUS POST BTC dominance chart ================================================================
CRYPTOCAP:BTC.DLong
by ssari
5
BTC dominance (Y20.P4.E4).Upward pressure*** A continuation of the previous BTC dominance chart, link provided below *** The formation and the indicators show upward pressure on the daily. Its my opinion in conjunction with what BTC is doing, that we will likely have BTC drop towards 10200 again and further more towards 9200 to 9500 to complete the ABC correction wave. I find it highly likely at this stage. Its also observable that a few of my posts on ALT coins, I have them going lower at the macro level and we can see weakness in the market, more so with the SP500. Gold and Silver also not looking great. What do you think? Please give me a like or tick for this post. Regards, S.SAri BTC chart, note the fractural with the 12400 top and this micro structure. DXY, US Dollar index also looking more of a reversal especially with the bullish div on the daily + more SP500 chart, looking like general stock markets are doing the correction, lets hope its not a deep correction. PREVIOUS BTC DOM chart
CRYPTOCAP:BTC.D
by ssari
8
BTC dominance (Y20.P4.E3).Double bottom.Bullish divHi, For the short term, get ready for another bounce of BTC dom. and hence flipping from ALTs to BTC. NOTE: I'm thinking of doing a video post on this showing historical data to support this strategy, its very useful. As for the chart, we see the regular bullish potential to play out again based on the double bottom and having the RSI giving divergence as per past action. Hence looking for these 2 indicators to cross over (whereas the MACD is delayed some more). As a reminder, BTC dominance usually goes up in 2 scenarios, a significant drop in price or a spike in price. Seeing a potential BTC dominance bounce I'm more inclined here to be biased towards BTC price going up to 10700 to 10800 resistance range. Cheers, S.SAri. Bigger picture, wedge formation PREVIOUS POST/S
CRYPTOCAP:BTC.D
by ssari
11
BTC dominance (Y20.P4.E2).MACRO.BTC bearish div.Hi All, It just goes to show you having a sizable BTC component of your wallet is important especially in the panic dump. We had a bullish divergence coming to a key fib level. So we had the warning for a number of days that a big move was coming... I was leaning more the bullish div. playing out with BTC breaking the 12k, but not so. If you look at BTC in the lower time frames, there was a bearish divergence starting as it got to 12k and kept dropping. The volume also gave the clue, but I didn''t pay much attention to it. However I played it safe and moved a large % of my holdings to BTC from the alts as a safety measure....but I wished I did all of them now. I did not expect this much of a dumb, especially ETH. We can only learn from this and hopefully prepare for it next time round. Many of my stops were triggered and its like all the past weeks effort of accumulation is massively reduced because BTC dropped in value. Gaining more BTC is not good if BTC drops like this. I'm thinking the 12 K was it for this impulse and the correction that is due /many expect might be from this as a trigger. I will have to see what SP500 and Gold is doing next. For the record, BTC had a bearish div also SP500 didn't drop but has this large bearish div. hanging over it as well. GOLD is doing ok also with a bearish div. above it What do you think? Cheers, S.Sari PREVIOUS POST
CRYPTOCAP:BTC.DLong
by ssari
1
BTC dominance (Y20.P4.E01.v2).Micro.Bullish DivHi All, Many of the ALTs are dropping because we have a bullish div. playing out as per the chart. Its a bit puzzling as to why they nearly all do it but here are my thoughts. > 1) BTC decent from 11400 to 11300 range makes the ALTs decend more rapidly as BTC is king; > 2) The ALTS like LINK, KAVA, ADA, etc and many more have not completed their ABC correction; > 3) We have a key level of resistance level on the chart, which could mean that 11200 is a strong support; Either way, there is not much you can do at this point, if you haven't planned your strategy out. Where from here? That is the question. Cheers, S.Sari
CRYPTOCAP:BTC.DLong
by ssari
5
BTC dominance (Y20.P4.E01).Short-term.BearishHi All, By observing the trend and the indicators, for the next day or 2, I have BTC dominance dropping. This could only mean one thing in my opinion and that is BTC will slowly go up while the alts go up quicker. I can't see BTC dropping and the alts dropping slower. Hence why I am viewing the 1st statement. Explanation: BTC looks like for now, holding the 11700 line for a day or two while it heads to the 12k mark. On the BTC dominance chart, this looks like in sync with a double bottom. Maybe its that 12 K rejection that we see BTC dominance go up again. That is me thinking aloud. What are your thougths? Cheers, S.Sari Just now
CRYPTOCAP:BTC.DShort
by ssari
4
ALT dominance (Y20.P2.E17.v2).MACRO.Bullish long term****** continuation from the previous post ********* As I stated if you don't time it right, you miss out on a great opportunity. Note the bullish divergence playing out. As I stated previously, the strategy here is\was important to compound your trades. BTC dominance has hit the support level and now most of the Alts including ETH are dropping against it. If you havn't acted, then you will just have to ride this out. 2nd chance, when its done, jump back straight into the ALTs. Good luck. Cheers, Sam My quote on LEND-BTC-Y20-P3-E3-v2-Gems-in-the-making-No-2/ MY THOUGHTS: ======================================================================== This is going to be a difficult thing to explain and even to implement, but if you do it right, you compound your earnings . Scenario lay-ed out: > We noted that when BTC rises quickly, the ALTS and their pairing fall back\behind of that impulse wave. > We have noted, when BTC hits its resistance in an uptrend, the ALT pairing bounce quickly behind. > However if BTC makes a break, like this likely position of 12 K, you can be sure that the ALT pairings will drop significantly. > We have noted that the BTC dominance level is approaching the 0.618 retracement based on my chart reference (refer to previous BTC dominance post, link below) So you can expect the ALTs will take a hit, but after that, the ALTS will rise especially those DeFi and ETH the most. With that scenario in mind, where we enter LEND is critical, otherwise you can take a hit because of the above points, so you must be quick to react. The safer play is have only BTC and ETH until we hit $12500 or $13800 for bitcoin OR $465 to $508 for ETH Otherwise roll the dice with me and buy up LEND, KAVA, SOL, LINK who have demonstrated parabolic structure. Some are about to finish and start a pullback while others are looking to start the 2nd leg.
CRYPTOCAP:BTC.DLong
by ssari
12
BTC dominance (Y20.P3.E23).MACRO.BTC breakout soonHi All, BTC dominance approaching the 0.618 mark which could only mean that many of the ALTs have done their top, with a BTC dom bounce and\or the BTC movement is big. 2 Scenarios ====================== A) My bullish view on this is BTC breaks 12K and up it goes to the next major level 13800. That's where the MONTHLY resistance (body of the candle). B) The bearish scenario, is BTC plummets to high 9k to low 10K, **** I am mindful that the daily 21 EMA or 34 hasn't been tested, so this is also on my mind. *** Bullish view but logic says 21/34 or 50 EMA should be tested. But if it doesn't, then another reason to be more bullish. Its very hard to say what the target is now, but we will have a clue by the end of this weekend. MY THOUGHTS: ======================= Currently based on the daily candle sticks, there is a few long wick from the bottom, showing us bullish pressure. I also made a post as to the prior to the ABC retracement and I had an order at few ranges (missed a large order at 11080) with it hitting 11150 on Binance. I think this was it for now and maybe when it hits its elliot wave 5, we might see it go sub 10K once last time to fill in the CME gap around the 9200 range. Lets wait and see. Please give me a like or tick for this post Cheers, S.Sari BTC DAILY forecast ========================================================================================== PREVIOUS POST www.tradingview.com
CRYPTOCAP:BTC.DLong
by ssari
4
BTC (Y20.P3.E25).Micro Level.BTC dominance Hi All, Using the CPR tool, sometimes give you another perspective. We have the yellow area for strong support and the RED for monthly resistance while GREEN is monthly support > Note: BTC dominance is on the rise and the question is how much? The ALTS seems to have hit a major resistance level, meanwhile BTC is ralling up to another resistance level while the ALTs even dropped, which is an observation but doesn't make sense. Another piece of the puzzle, GOLD has made a key break and rallied strong today which could also contribute to BTC bullishness. **** A thought, if GOLD is doing strong and continues to go strong , which is likley, then why not BTC **** Below is a BTC Dominance chart with a bullish divergence playing out: Both indicators show its the case Chart below is ETH.BTC pairing. If ETH is to drop so much, this could either mean BTC is going to make a strong rally or ETH is about to dump. Cheers, S.Sari
Long
by ssari
BTC dominance (Y20.P3.E23).MACRO.Bearish trendHi, On the Daily and larger time frame, BTC dominance still has downward pressure, based on the Phoeix\RSI\WT indicators, as well as the structure that I have outline in this chart. There seems to be a bullish div. trying take place but its not that evident on the larger time frames (TF), only on the lower TF. Here is the 2 Day chart, Note RSI is very low and will have a bounce soon. 12 chart, looking for the WT to cross over to see if the bullish divergence kicks in. Note: WT is much more responsive than the MACD. How to trade this? Look for those ALTs that have great upward trend > safer trading method. Those who have just broken a major resistance or lead in trend line and retesting it. Don't be complacent with jumping in on many for I'm sure some of you, including me, are spread out on too many alts. Cheers, Please give me a like or tick for this post. Regards, S.Sari Here is the previous BTC dominance chart post.
CRYPTOCAP:BTC.D
by ssari
1
BTC dominance (Y20.P3.E19).More to the downsideHi All, As we have seen lately with the ALTs making moves, one should also be ready for opportunities when BTC has its turn. Looking in the long term, I see BTC dominance dropping however I don't envision it going in the straight line. So be cautious as to when you flip from Alts to BTC to Alts. At this point, I'm looking for a few daily candles to hold up BTC before a small bounce but its not there yet. Note: 73% dominance was the top. Cheers, S.Sari
CRYPTOCAP:BTC.D
by ssari
2
#BTC Dominance at decisive point. Will alt season continue?Guys first of all please hit that like button to support my work. It takes time keep you all updated with the market. Follow me for more future updates. Let's get back. to this quick update: BTC Dominance followed our previous charts correctly with a 100% accuracy, you can check it by. yourself (I'll post the links in this update). You can observe in the chart itself how the fractals have played out in the chart. Currently it is trading under a channel just like before. Not to ignore that that the current red channel is a rising wedge too which is bearish and we can also see a breakdown which will result in the continuation in this alt season. How do I know when to exit the altcoins if required? Well this is pretty simple if you can observe the chart. If this support holds within 16 june which means if any Daily candle closes in Green making a higher highs, we will exit alts (Not a financial advice). This will confirm the reversal in the trend. And If any daily candle close below the support line alts will continue to rally. I will be posting more updates on BTC altcoins stay tuned and please follow me for more future updates. Stay safe #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
24