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Btcdominance

#CHRISTMAS RALLY INCOMING OR JUST A TRAP?CRYPTOCAP:BTC Dominance is Finally Seeing a Rejection! The upcoming weekly close will be critical for ALTCOINS. The rejection looks good and it's important for BTC to stay stable for the altcoins to pump. The weekend is here and you don't decide on a trend on the weekend, you must wait for a weekly close and how traditional markets open. So more clarity will be seen on Monday. Is this the start of the altcoin rally you've been waiting for? Or is there more pain ahead? The answers will reveal themselves soon. So make sure you follow me on all socials. More updates will be posted on confirmation! I’ve shared 13 altcoins on request in my TG, and they’re already up 10%-25% in the last 4 hours. Also, do not forget to hit that like button and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
BTC Dominance Chart - BITCOIN DOMINANCEBTC Dominance is the most important chart to follow to understand whether the crypto market is in an altcoin or Bitcoin season. "We had a great projection regarding the Bitcoin Dominance bearish shift around the 60% level, and it played out perfectly. I’ve linked that projection to this post for reference. Currently, Bitcoin Dominance is testing the weekly supply zone as a bearish retest. This aligns with the premium side of the Fibonacci, adding to my conviction that we’re likely to see a bearish reversal from here, forming a lower high. This lower high could potentially trigger another leg down in dominance, setting the stage for a strong altcoin season. I expect this shift to happen very soon.
CRYPTOCAP:BTC.DShort
by UA_CAPITAL
"ALTCOINS: HOLD OR SELL? BTC Dom at a Critical Turning Point!🚀 Hey Traders! 👋 If this analysis resonates with you, smash that 👍 and hit Follow for premium setups that actually deliver results! 💹🔥 🔥 Market Recap Last night, we witnessed a massive liquidation cascade across the entire crypto market. Altcoins took a heavy hit, with many dropping 20-30% overnight, wiping out billions of dollars. 🔑 Key Takeaway: This is why I always stress—never trade leverage without a stop-loss. Protect your capital first. Hope you all followed this golden rule! 📊 Market Outlook: Where Are We Heading? BTC Dominance: Breaking down from a rising wedge on the weekly time frame—a classic bearish signal. Currently retesting the breakdown zone, indicating a potential sharp decline ahead. 🌟 What This Means: If dominance drops further, spot altcoin holdings will likely surge. This is the time to accumulate, not panic-sell. 💎 Opportunities Ahead Many altcoins are retesting key support levels after breaking out on the daily time frame: FET, W, PEPE, LTC, APT, RENDER, and more. Patience is key here. Hold onto your spot bags and use this dip as an opportunity to accumulate strong projects. 🚀 The Road Ahead Over the next few days, we anticipate a strong recovery across the market, with alts pumping hard. Stay calm, stick to your strategy, and ride this wave. 💬 Your Move: What’s your strategy for this phase? Are you accumulating or waiting for more clarity? Drop your thoughts in the comments below—we’re in this together! 🌊🔥 👉 Follow us for more timely updates and winning trade setups. Let’s crush it! 💪
CRYPTOCAP:BTC.DShort
by CoreCrypto1
19
The exact timing of the Altcoin season !As you know, with the drop in Bitcoin dominance, altcoins yield higher returns compared to Bitcoin. Conversely, when Bitcoin dominance rises, Bitcoin yields higher returns compared to altcoins. From the point where we placed the red arrow on the chart, it seems that the bearish waves of Bitcoin dominance have begun. Wave A has been completed, and we are now in Wave B. Currently, it appears we are in Wave B/X, which is a diametric pattern. After this diametric, we expect Bitcoin dominance to enter Wave C, which is a bearish wave. We anticipate that the altcoin season will begin from a high supply level. This is our perspective on Bitcoin dominance. Before altcoins undergo further correction, there will be a recovery in wave e of this dominance. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:BTC.D
by behdark
6
Entering the volatility period Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- If USDT and USDC continue their gap uptrend, I think it is a sign that funds are flowing into the coin market. I think that for the altcoin bull market to start, BTC dominance must fall below 55.01 and be maintained or continue to fall. Therefore, the key is whether it can fall after receiving resistance near the M-Signal indicator or Fibonacci ratio 0.5 (57.95) on the 1W chart. The decline in USDT dominance is likely to result in a rise in the coin market. The USDT dominance is expected to touch around 2.84 at the most. Therefore, the key is whether it can fall after receiving resistance near 3.99-4.16. If the USDT dominance rises above 4.97, the coin market is likely to show a sharp decline. Therefore, if it is maintained above 4.97, I think the coin market is likely to turn into a downtrend. -------------------------------------------- (BTCUSDT 1W chart) If BTC continues to rise like this, I also hope so. However, since the StochRSI indicator is maintained at 100 and the StochRSI EMA indicator is approaching 100, BTC will eventually show a downward trend. Therefore, even if it continues to rise further, it will touch the Fibonacci ratio 2 (106178.85) and show a downward trend. The StochRSI indicator does not tell us how much the fluctuation will occur. If it starts to decline, 1st: 87.8K-89K 2nd: 79.9K-80.9K There is a possibility that it will touch the 1st and 2nd areas above. If not, and it shows a sideways pattern, it seems that volatility is likely to occur when touching the M-Signal indicator on the 1W chart. The volatility period on the 1W chart is around the week including December 23rd. Therefore, it can be seen that the volatility period is from December 16th to January 5th. If the BW(100) indicator or the HA-High indicator is newly created during the volatility period, it is important to see if it can be supported near it. - (1D chart) I will update after a new candle is created. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
4
These Top 30 AltCoins have GOOD setups against BTC The Analysis of Benjamin Cowen Benjamin Cowen , a well-known cryptocurrency analyst, has pointed out that many cryptocurrencies that exhibit a double bottom against Bitcoin ( CRYPTOCAP:BTC ) have experienced HIGH price increases, we have examples like CRYPTOCAP:SOL ($225.05 - 211.31% return (1y)) in the middle of 2023 when it did a double bottom against CRYPTOCAP:BTC and recently with CRYPTOCAP:XRP ($2.62 - 323.88% return (1y)) in early November, both outperforming BTC ($106,726.68 - 155.86% return (1y)) this year. Source vid: The EXACT Date You Should Go ALL IN on Altcoins! at 42:00 BTC Dominance When BTC's dominance rises relative to other cryptocurrencies, ppl often shift into BTC in search of stability, aiming to capture the secure upside that altcoins may not provide. During this period of increasing BTC dominance, altcoins can bleed or just go sidewaves while BTC goes up, meaning their value decreases in relation to BTC. But, these altcoins I'm gonna show you seem to have double bottomed against their BTC pair and it might be the start of a huge upside in the USD pair too. Double Bottom Pattern The double bottom pattern indicates that selling pressure has bottomed out and can signal a bullish move. Recognizing this pattern in the context of BTC dominance offers a valuable setup and great expectations for price since it tends to follow an upside movement. So🤔¿Are you wondering which AltCoins have a similar setup? 👀 I just wanted to point out coins in the Top 30, while all crypto market implies risk, the ones in this top 30 have high marketcap and are well known projects so you're kinda in safer. Chainlink ( CRYPTOCAP:LINK ) Avalanche ( CRYPTOCAP:AVAX ) AAVE ( CRYPTOCAP:AAVE ) DOGE ( CRYPTOCAP:DOGE ) Doge is already on the move but it has the checkbox, could go higher in this pair Which ones are on the way to get this setup? CRYPTOCAP:NEAR AMEX:APT CRYPTOCAP:DOT CRYPTOCAP:ADA - All these 4 are on the way to get it, but remember it's just a good setup IT DOES NOT MEAN they're not gonna go up in the altseason cuz they're probably still gonna do it since they're really big L1's. One thing for sure that has been talked about it's the concern that we had like a mini altseason and ofc we can't say for sure it's coming the big one, but BTC 4 year cycles has repeated till this date so it might come anyway. That's it for the post, these are the top 30 altcoins that could outperform BTC from now, thank you for your time and remember DYOR (Do your own research)
CRYPTOCAP:BTC.DLong
by Haezen1
1
The Calm Before the Altcoin Storm: Prepare for the Biggest Run!!#Bitcoin Dominance Update:** Bitcoin dominance has started to dump, breaking the support that has held since November 2022. It faced rejection at a long-term resistance level, which has been a key barrier since May 2017. Historically, when this happens, we’ve seen alt season kick-off and last for 6 to 8 months. When does the real alt season begin?** It starts when ETH/BTC begins pumping, and other altcoins follow suit. Trending Narratives for the Next Few Months: 🚀 AI 🚀 RWA (Real World Assets) 🚀 Memecoins (MEMES) 🚀 Layer 1s (L1) These sectors are likely to perform exceptionally well. The key is to position yourself early and buy any dips. This is how you build generational wealth this season! What to Buy? Make sure you follow me and join all my socials! I’ll be sharing the top altcoin picks over the next few weeks. Stay tuned and let’s make it happen !🚀 Please hit that like button if you like it and share your views in the comments section. Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
9
BTC/USDT SHORT TERM TARGET AND IMPORTANT SUPPORT LEVELS!!!Bitcoin's surge towards $112,000 excites investors, but caution is warranted. Strong weekly closes fuel optimism, yet corrections loom. Support levels at $92,690, $92,551, $83,470, and $74,541 offer potential buying opportunities. The 5EMA suggests short-term strength, with prices above the moving average. However, this rally presents a problem for altcoins. Bitcoin's non-bearish dominance stifles their growth potential. Typically, altcoins thrive when Bitcoin's dominance wanes or stabilizes. This creates a dilemma for diversified crypto portfolios. The solution? Monitor Bitcoin's dominance closely. A shift could spark altcoin momentum. Meanwhile, focus on Bitcoin's journey, using support levels as guideposts. If breached, watch $55,017 for a possible trend reversal. Adapt strategies as market dynamics unfold.
by PROFITPULSE10X
Bitcoin Dominance Analysis Update (12H)This analysis is an update of the analysis you see in the "Related publications" section The price reached the green zone and is now pumping. We anticipate the start of a drop and an alt-season from the upper red zone. Note that, in terms of price, we consider this area to be the peak of Bitcoin dominance. However, in terms of timing and the number of times this level is tested, there is no certainty. This means that when Bitcoin dominance reaches the upper red level, you can enter altcoins. However, altcoin fluctuations might increase, and it could take some time, as the market maker might cause some turbulence before the main move. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:BTC.D
by behdark
1
Could there there be NO real ALT season this cycle ? Why ?Not many people Will like this idea, including me but as someone who will ALWAYS try and look to Both sides of possibilities that exist , technical and Macro, I am beginnign to think that the ALT seasons we have seen previously may become History. And in fact, some evidence of that already exists in the Way Some ALTS ran Hot right from the start, like INJ BUT, I hear some of you say, You ..YOU posted a chart, OTHERS.D chart that suggests ALT season may have begun... I refer you to yhr beginning of this post. It is ALWAYS best to see Both sides. And so..Why could an Alt season not really happen this time.? Let see Why an ALT season is definded by. If we look back over previous Cycles, ALT Seasons have begun just under a year from the Halving. At thsi poinrt, the BTC Dominacne seems to Fall and yet the BTC PA continues to Rise, to a New ATH The Crux is the BTC DOMINANCE needs to fall. The chart above is the BTC.D chart that could point towards an ALT Season beginning. See how PA here falls, ATH are created and ALTS run fast ~BUT in NONE of these previsou seasons have we had the Corporate uptake of Bitcoin and the use of Bitcoin in Trusts and ETF trading My question being, " Why will BTC.D Drop" if so many are Buying thr coins ? A decrease in BTC. D suggests that capital is rotating out of Bitcoin and into altcoins. This is where altseason potential lies. Strong altcoins with solid fundamentals and clear narratives often lead this phase with explosive gains. BUT Why would the Corporations Sell the BTC coins to invest in to a more volatile substitute and possibly have to rebuy the BTC at a higher price ? Just look how structured that Rise in BTC.D looks..NEVER happened before. And while it has just dropped off its line of support, it has landed on another Strong line. We need to pay very VERY Close attention this this right now. This is Not saying ALTS will not run but maybe, Not as explosively as once or twice before. Or maybe they will Att he end of the day, GREED can do increadable things to people. Trade safe and have a good one..and lets see how the next 12 months unfold
CRYPTOCAP:OTHERS.D
by Orriginal
Need to check support near the new high point Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- It seems that funds have flowed into the coin market through USDT and USDC. (BTC.D 1D chart) The point to watch is whether it can meet resistance near the MS-Signal indicator and fall below 55.01. If BTC dominance rises, it means that funds are concentrated on BTC, so altcoins are likely to show a downward trend. However, you cannot predict the rise and fall of BTC prices based on the rise or fall of BTC dominance. (USDT.D 1D chart) The movement of USDT dominance can be used to roughly estimate the overall trend of the coin market. Therefore, if USDT dominance falls, the coin market is likely to show an upward trend, and if it rises, it is likely to show a downward trend. Therefore, the movement of prices can be identified by the movement of USDT dominance. Therefore, you can roughly estimate the movement of funds with BTC dominance and the trend with USDT dominance. ------------------------------------------------ (BTCUSDT 1D chart) Although the StochRSI indicator has fallen below 50, the price of BTC is actually showing an upward trend. Accordingly, it is necessary to check whether the StochRSI indicator turns upward again and whether it turns into a state where StochRSI > StochRSI EMA. It is currently showing an upward trend near 101109.59, which is the BW(100) indicator point. Accordingly, whether there is support near 101109.59 is the key. If the StochRSI indicator fails to turn into a state where StochRSI > StochRSI EMA and shows a downward trend, it is expected to fall again to the 95904.28-98892.0 range. - Therefore, what we should consider important in the current movement is whether we can reset the StochRSI indicator on the 1W chart while maintaining the price around the newly formed high point range of 97821.58-101109.58 until around December 27th. Based on the high point range of 97821.58-101109.58, this means that 101109.58 or higher is the high point. Therefore, it is better to interpret the high point range as a high point boundary range. Therefore, if it rises above the high point range and then falls below the high point range, it is highly likely that it will lead to an additional decline, and we should consider countermeasures for this. When the decline begins, the downtrend will stop as it finally creates a low point range (low point boundary range). That is, when it meets the HA-Low indicator and BW(0) indicator, it will create a low point section. If it creates a low point section and then creates a bottom section, an upward trend will begin. If we organize this movement, 1. It rises in the section composed of the HA-Low, BW(0) indicator and most of the movement appears within the section composed of the HA-High, BW(100) indicator. That is, the HA-Low, BW(0) section ~ HA-High, BW(100) section forms a sideways, box section. 2. If it falls in the section composed of the HA-Low, BW(0) indicator, it is highly likely to create a downward wave and show a stepwise downward trend. However, since this step-down trend will eventually play a role in creating a bottom section, if the HA-Low, BW(0) indicators show a rise higher than the previous HA-Low, BW(0) indicators, it can be interpreted that there is a high possibility that a bottom section will be formed at that time. 3. If it rises in the section composed of the HA-High, BW(100) indicators, it is highly likely that it will create an upward wave and show a step-up trend. Therefore, it is recommended to set a stop loss point when trading because there is a high possibility that it will turn into a downtrend when it falls above the section composed of the HA-High, BW(100) indicators. However, it is necessary to check the correlation with the M-Signal indicator on the 1M, 1W, and 1D charts. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
1
Bitcoin Dominance Broken Down: Time to shift to holding alts..The crypto market historically tends to move in cycles/phases, with BTC first pumping followed by higher market cap OG tokens, before the capital flows to the midcaps and eventually the microcaps and meme coins (which then marks the time to sell). The BTC.D weekly chart had finally broken down below the red long-term support trendline, suggesting capital shifting into altcoins. Need another ~3 days for the current weekly candle to close below to confirm. The Fusiongap {50/15} had also registered "bearish" on the BTC.D chart, which further supports this thesis. Hence this suggest that it is safe to continue to DCA into mid-cap altcoins such as KASPA (KAS) with many higher mcap OG coins having already pumped close to their previous cycle ATH. Will start DCAing out of the market once the micro-caps and a kinds of memecoins start pumping, probably approx. in a year time.
CRYPTOCAP:BTC.D
by cybernetwork
3
Btc Dominance appears to be getting rejected from channel retestBitcoin dominance chart just recently bounced back up in an attempt to climb back inside the ascending channel it recently broke under and as of now both candles that sent a wick back inside the channel upon the current retest both closed their candle bodies with the channel still as resistance. Since then we are now seeing the current candle appear to head lower again suggesting the bottom trendline of the channel will be confirmed as solidified resistance, in which case price action has a much higher probability at this point of validating the breakdown and dumping to the 53% target. If this occurs we are very likely to see alt season really tart too kick in here soon. *not financial advice*
CRYPTOCAP:BTC.D
by DrDovetail
BTC DOMINANCE- BEARISH AFLife and Trading: Decisions Shape Outcomes Life can shift dramatically in a single day—either for the better or worse. Everything boils down to the decisions you make, whether in heated moments or calm reflection. When chaos and panic dominate, your best refuge lies in creativity, knowledge and balls. During the recent shakeout, I stayed silent—not because I lacked an opinion, but because moments like these require clarity. It’s like a car crash—you first ensure your safety before analyzing the damage. So, I distanced myself from the noise and dove deep into the charts. Key Observations: Bitcoin Dominance Bitcoin dominance, a critical indicator during altcoin crashes, was rising but met resistance at significant levels. Bearish arguments at that time included: Weekly Bearish FVG respected Daily Bearish FVG respected Trendline retest confirming the break Current Bearish Arguments: PMH & PML respected PWH & PWL respected Weekly and Daily Bearish FVG respected 4H swing highs/lows respected 4H Bearish FVG respected Strategy: Given these signals, it’s tempting to go all-in on altcoins. However, I anticipate a ranging market until Christmas, followed by a dip below the 50% level—a precursor to a true altcoin bull market. Be cautious: I expect another shakeout around December 18 or 23, where I plan to take significant positions. Always have a clear entry and exit plan to navigate these volatile waters. Follow me to stay updated, and remember—this market rewards patience and preparation. God bless you. -Jay
CRYPTOCAP:BTC.DShort
by Jaytradermb
Watching whether it can rise above 98821.58 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- It's the same idea as the previous one. The key is whether it can maintain the M-Signal and MS-Signal indicators on the 1D chart until around December 27. In order for the uptrend to start, it is expected to start by rising above 97821.58 and showing support. If it fails to rise above 97821.58, it will eventually fall below the M-Signal indicator on the 1D chart. Therefore, the 95904.28-98892.0 section is an important support and resistance section. ------------------------------------------- USDT, USDC are still showing an upward trend. (BTC.D 1D chart) The point of interest is whether it can fall below 55.01 by falling near the MS-Signal indicator. (USDT.D 1D chart) The point of interest is whether it can meet resistance near the 3.92-4.31 range and maintain a downward trend. - I think the gap increase of USDT, USDC is a trace of funds flowing into the coin market. On the other hand, I think the gap decrease is a trace of funds flowing out of the coin market. If BTC dominance falls below 55.01 and is maintained or continues to decline, an altcoin bull market is expected to begin. USDT dominance is expected to fall to around 2.84 and maintain an upward trend in the coin market. Accordingly, if it touches around 2.84 and rises, the coin market is likely to face a sharp decline. Also, if it rises above 4.97, I think the coin market is likely to turn into a bear market. ---------------------------------------- (BTCUSDT 1D chart) The point to watch is whether it can receive support and rise around the important support and resistance area of ​​95904.28-98892.0. The next period of volatility is expected to be around December 27, so we need to check whether it can continue sideways until then. This movement can be seen as a task to reduce the gap of the M-Signal indicators on the 1D, 1W, and 1M charts or to reset the StochRSI indicator. If it falls below the M-Signal and MS-Signal indicators on the 1D chart, it is expected to touch the M-Signal indicator on the 1W chart. At this time, if the HA-Low and BW(0) indicators are generated, the key is whether there is support around that area. - When the StochRSI indicator falls below the 50 point range, if it shows resistance below the M-Signal indicator on the 1D chart, it is necessary to first check whether there is support around 87.8K-89K. In order to continue the upward trend, it must rise above 97821.58 and show support. Therefore, if it fails to rise above 97821.58, it will eventually fall below the M-Signal indicator on the 1D chart. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
BTC.D Update (1D)This analysis is an update of the analysis you see in the "Related publications" section Based on the previous analysis, we anticipated an upward movement in Bitcoin dominance. Now, considering recent candlestick patterns, the movement path can be identified more clearly. Soon, there may be a slight recovery in altcoins, but Bitcoin dominance could rise again to the 59 level before the expected altcoin season begins. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
CRYPTOCAP:BTC.D
by behdark
1