#BTC Dominance needs to break this Level for Alt season!Hello everyone welcome to this new update.
I would like to keep this update very simply and short.
The level is 200D MA which is acting as a support now.
On my last update I said Dominance could break below the 68 level and seems like it did but eventually holding the 67 level strongly.
If it breaks we can see it reaching to the 65 level.
Once we break this 67 level along with the 200D MA I am pretty sure we will reach our target and alts could perform well while btc goes for some retracements.
Please hit the like button if you like this idea.
Your views are welcome.
Btcdom
BTC Dominance (Y20.P1.E2).Micro.BearishHi All,
With recent ALT performance, one should see what's happening in GENERAL TERMS.
Observation:
Based on massive wedge, and what other Alts have been doing, it supports the thesis the the coming weeks and months, BTC will rise slower than the alts.
The exception to this will be a massive quick drop that can happen any time.
In the coming week, I don't see much change now to this pattern.
Cheers,
S.Sari
CHAINLINKBTC LONG Im not 100% sure why altbtc pairs are looking so good right now. Its not all of them but it is certainly enough of them to make you think something weird is going on. I could be wrong about this however because BTCUSD looks like its going to take a horrible shit but dominance is and has been counter singaling what we have been seeing.. Only time will tell.
God Speed Gents
BTCDOM SHORTLooking like the dominance is going to collapse which means that it may actually be time.... Also the DOW is going to bounce. I think that will be to create a false sense of correlation between legacy and crypto thus causing fear. Im pretty sure that legacy is going to be a dead cat bounce while crypto goes insane. Watch out everyone.
God Speed
BTC.D - continuation of the altseason!!!Good afternoon colleagues! I look forward to continuing the altseason and working out my goals with altcoins. The latest corrective movement in the market frightened many coin holders and forced them to sell. Therefore, it will now be easier to go up, as all who believe in the completion of growth will jump along the path so as not to lose profits.
According to BTC dominance analytics, the range for altcoins growth is up to the lower border of the channel + - 57% depending on when it arrives.
On the diary, the indicators are still overheated, so I do not exclude being in the flat for a while, which will allow them to unload.
In general, we stock up on patience and look forward to growth. We will do our time!
Thanks to all my subscribers and readers for your attention! 🙏
Success and profit!
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BTC.D - let's go according to plan !!!Good day to all! We are going according to plan. We came to the first resistance and we are expecting a correctional wave B. Altas will most likely go for correction.
Trade with pleasure!
Thanks to all my subscribers and readers for your attention! 🙏
Success and profit!
Do not leave without like, and if you liked my analytics sign up, and you definitely will not miss anything!
ALT Season returning?!My observations on the crypto market over the last almost 12 months:
1. BTC’s increase in PA (price action) and dominance increasing, meaning BTC PA was outpacing alts on pushes and alts were bleeding a little less on BTC pullbacks.
2. BTC dominance increasing even on pull backs, meaning BTC PA was still outpacing alts on pushes but was now bleeding much less than ALTs on pullbacks.
3. Same as phase 1 where BTC pullbacks caused slightly less drops on alts.
4. This is the phase we are currently in where BTC dominance is dropping even when BTC PA is positive, meaning ALTS are outpacing BTC when BTC makes big moves to the upside.
I'm predicting that this last phase will continue until the later part of this year. However, I'm not expecting BTC dominance to drop significantly over that time (maybe to around 50-60%. Once BTC gets within a few months of its peak during the next bull cycle (sometime between June-December 2021). I'm expecting BTC dominance to start dropping to around 35-45%.
Dominance Bounce PossibleWe need to wait for a little more market structure to manifest itself before we make a decision from here where to go. Will the RSI cool off long enough to take us lower or will we have a meaningful bounce from here. The daily has broken down to lower lows on the RSI which indicates that was still have a high probability of going lower from here and creating another daily bear flag much like we did last month. I expect alot of congestion at these levels but once we break the 535 on the daily we can enjoy our altseason and bull-market. For now we will watch it bounce on the hourly and see what kind of market structure we have so we can have a bias from here.
God Speed,
Mr. Lucifer
SHORT DOMIts been lagging for two weeks now but it looks like it finally flagged out as I stated in my previous video on youtube if you'd like to check. I thought this would happen much sooner but the fact that it has taken this long for a flag to show itself on the daily rather than the 4hr makes the RSI cool off even more than I previously thought making the likelihood that its gonna blow the bottom of the weekly channel trend-line. Might be a good idea to add more to my existing speculative trades.
God Speed,
Mr. Lucifer
Bitcoin Dominance Cheat Sheet 2020Presented is the Bitcoin Dominance Chart.
We've since reached target of the major Broadening Descending Wedge it was on which granted many moon seasons pre 2019.
I have marked all major resistances and supports, Fibs from the ATH to ATL. And then Fibs from the ATL to the current high of 2019-2020.
Moving forward, these levels should be heavily respected, along with the trend lines.
BTCDOM LONG Lets try this one more time. Looks like BTCUSD popped out of its bearish situation meaning market structure has been forced into an evolution that suggests it might be time to go dispute the dire warning I gave earlier in the year. Alot of these calls are made off of statistical probabilities which do tend to evolve over time. That being said the DOM strengthening is presenting a very interesting opportunity with ALTBTC SHORTS. Im glad I didnt get greedy and switch to ALTUSD short pairs. I for one am STILL in EOSBTC short.
Happy Trading Gents,
Mr. Lucifer
Bitcoin Dominance in Mid-termBTC Dominance is continuing to form a bullish flag and the next target will be 78%, or more than 10%.
This is a terrible number for Altcoins' life. Holding Altcoin will almost cause loss.
Make sure the Altcoin you are intending to buy has a big reason to buy and make sure you have a clear, specific strategy for each possible scenario.
BTCDOM LONGLooking like it wants to take off. Is it finally time for ALTBTC pairs to dump and watch BTCUSD pump? IDK about BTCUSD but I am almost certain this is ready to go again since it had the whole week to cool off for the end of the week move to end strong on the weekly. Lets sit back and watch. My only open position is EOSBTC SHORT. Though BCHBTC is looking spectacularly bearish. Who knows.. Apply good RM so you dont mess yourself up if this is a bad call.
God Speed Gents,
Mr. Lucifer