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Btcdominance

📈USDT.D is close to a bullish scenario📉CRYPTOCAP:USDT.D GEMINI:USDTUSD Hello dear traders. Let's make it simple. USDT.D is close to its stable support level. If there is more outflow from cryptocurrencies, the dominance of USDT.D will increase. At the same time, there are divergences in the price level that can lead to the possibility of a bullish scenario. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
CRYPTOCAP:USDT.DLong
by CrazyS
4
USDT Chart: Maintaining a continuous upward trendHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) USDT is a representative fund transfer channel in the coin market. USDT maintaining its upward trend means that funds are continuously flowing into the coin market. At this time, it should appear to be rising while creating a gap. -------------------------------------------- (USDC chart) The key is whether the downward trend that began in July 2022 can be stopped and turned into an upward trend. To do so, it is important whether it can rise above 26.525B. We believe that USDC has less influence on the coin market because there are fewer exchanges or trading pairs supported than the USDT market. ---------------------------------------------- (BTC.D chart) In order for the coin market to begin a major bull market, I believe that BTC dominance must rise above 61 and then begin to decline. BTC dominance fails to fall below 51.17 and shows an upward trend. A rise in BTC dominance means that funds are being concentrated towards BTC. Therefore, altcoins are likely to exhibit greater volatility than BTC. I don't think it's a good idea to predict the rise and fall of BTC or altcoins based on the rise and fall of BTC dominance or USDT dominance. This is because I think it is a chart that shows how the money flow in the coin market is moving. ------------------------------------------------ (USDT.D chart) If USDT dominance remains below 5.89, I think the coin market is likely to show an upward trend. Accordingly, it is expected that an altcoin bull market will begin when USDT dominance remains below 5.89 and BTC dominance falls below 50. An altcoin bull market refers to a bull market in which anyone can make a profit no matter what coin (token) they purchase. Currently, BTC dominance is showing an upward trend, but USDT dominance is still below 5.89. Therefore, it can be interpreted that the coin market is still maintaining an upward trend. If USDT dominance rises above 6.39, the coin market is likely to turn into a downward trend, so caution is required when trading. -------------------------------------------------- - BTC's price volatility is bound to have a significant impact on the coin market. However, it is the funds that make the volatility visible. Therefore, I believe that if you do not know how money flows, you cannot truly know the BTC price trend. In that sense, I think individual investors should observe the USDT, USDC, BTC.D, and USDT.D charts, which can provide some insight into the fund flow in the coin market. You can tell whether funds are flowing into or out of the coin market depending on whether they are rising or falling by creating a gap on the USDT or USDC chart. The BTC.D chart allows you to see whether the funds flowing into the coin market are concentrated towards BTC or altcoins. A decline in USDT dominance means that coins are being purchased with USDT, so the coin market is likely to show an upward trend. However, USDT dominance can only reveal the overall trend of the coin market and should not be used to predict the rise or fall of BTC's price. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
CRYPTOCAP:USDT
by readCrypto
Meaning of buying when falling and selling when risingHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- #BTC.D 1D #USDT.D 1D #BTCUSDT 1D I think the Renko chart is a chart that can somewhat complement fakes and whipsaws. This chart allows you to see at a glance which section the trend or current price position is contained in. Looking at this chart, I think it can be broadly divided into two sections. The current price is in the 36000-43500 range. In that range, support and resistance areas are formed between 39000 and 40500. Therefore, if it fails to rise above 43500, I think there is a possibility of touching the 39000-40500 range. For signs of decline to appear, it must fall below 42000. Additionally, the upper line of the Price Channel indicator will be created. BTC dominance is falling to around 50. Accordingly, the possibility of fakes or whipsaws occurring in BTC volatility is increasing. Therefore, I think you should not react sensitively to BTC movements until there is a clear movement. A decline in BTC dominance means that funds are moving away from BTC and towards altcoins. Therefore, if you react sensitively to BTC movements, you may proceed with trading in the wrong direction, so caution is required. #USDT 1D In order for the coin market to turn into a downward trend, it must be accompanied by an outflow of funds. Otherwise, I don't think there could ever be a downward trend. The representative stablecoin for fund inflow and outflow in the coin market is USDT. Therefore, if the USDT chart begins to show a gap decline, then I think there will be a higher possibility that the coin market will turn into a downward trend. However, since we need to check the correlation between the movement of USDT dominance and BTC dominance, if there are signs of a downward trend, then we will tell you again. As it fails to renew the high point on the general candle chart and touches the 42K range, it seems that talk of a gradual decline is starting to emerge. If the price starts to fall, it is expected that more funds will flow into the coin market, leading to more purchases. If you look at the current USDT chart, you can see that funds are continuously flowing into the coin market due to the rising gap. Therefore, now is the time to buy. It is possible to sell some of your coins (tokens) in installments to prevent losses, but if the price falls, you must repurchase them again. Because the gap between the short-term moving average line and the mid- to long-term moving average line is large, fatigue from the upward move is high. So, the market is naturally trying to correct prices. However, if you reduce the number of coins (tokens) you hold by selling in a situation where funds are continuously flowing into the coin market, you may regret it a lot in the future, so you need to be careful in responding. If you currently have some cash reserves, you will have a good opportunity to buy more when a price correction occurs. If you think your cash holdings are low, you should secure cash by selling the coins (tokens) you currently hold that have either converted to a loss or are likely to record a loss. When a price adjustment occurs with the cash secured in this way, the average purchase price must be lowered and the number of coins (tokens) held must be increased by repurchasing. BTC's 43160-43823.59 range is a psychological split selling range. Therefore, in order to reduce the upward fatigue that has risen to the 43160-43823.59 range, it is recommended to secure profits by selling in installments. In that sense, split selling when it falls below 42053.66 can be considered a stop loss. There is a big difference between split selling when the price rises to the 43160-43823.59 range and can no longer reach the high point, and split selling at the point where the downtrend is likely to begin. First of all, there is a big psychological difference. When the price rises and you can no longer reach the high point, you sell it in installments, and you feel psychologically relieved that you have succeeded. This relief gives you the power to buy back again when the price falls, creating a pull back pattern. However, if you split and sell with a stop loss, even if the price falls and shows a pull-back pattern, you will hesitate to repurchase due to psychological anxiety about further decline. In addition, since the stop loss point and the area that creates the pull back pattern are likely to be close, you will be more hesitant to repurchase. That location is the current location, 42053.66-42278.03 section. If it falls from this range, it will hit the support and resistance range of 39845.44-42053.66. However, the important support and resistance point for this decline is the 41350.0 point. Therefore, there is a high possibility that the price will shake up and down around the 41350.0 point. Since this fluctuation is likely to lead to an upward trend during the volatility period around January 1-5, choosing to sell the split at the current price can be considered risky. You should buy when prices fall and sell when prices rise. This is one of the most basic trading strategies in trading. However, these basic trading strategies are not followed. Buying when the price is falling means buying when the price is falling and moving sideways within a certain range or showing support at a certain point. Therefore, through chart analysis, you must select the corresponding support and resistance points or sections and check the price movement. Selling when the price rises means selling when the price rises and can no longer reach the high point or shows sideways movements within a certain range. You may think that chart analysis is a very important part of trading, but this is not true. Chart analysis is just one part of trading, the most important thing is trading strategy. This is because the success or failure of a trade depends on how you create your trading strategy. trading strategy 1. Investment period 2. Investment size 3. Trading method and profit realization method You can think about it by dividing it into parts 1-3 above. Step 3 involves creating a trading strategy by checking the information learned from chart analysis, that is, price movements at support and resistance points or sections. This means that steps 1 and 2 are very important in creating an actual trading strategy. The first thing you need to do is decide which coin (token) to invest in, for what period of time, and at what size of investment. To do this, you need to step away from the chart for a moment and check the ecosystem of the coin (token) you want to trade or check aspects such as community scalability. Next, analyze the chart to see how support and resistance points or zones are formed at the current price position. You must create a trading strategy based on the confirmed information and proceed with trading. However, as you invest all your time in chart analysis and create all kinds of scenarios in your head with that information, you add your own subjective thoughts and psychological factors, which causes trading to proceed in the wrong direction. Therefore, chart analysis should be done with as objective information as possible. In order to exclude your subjective thoughts and psychological factors from this objective information, appropriate indicators must be set in the chart. Otherwise, your subjective thoughts and psychological factors will eventually be included in the chart analysis without your knowledge. I believe trading should be done by trend following. However, trends may vary depending on your perspective. Therefore, there is no need to criticize or call out anyone else's thoughts for being different from mine. This is because the investment period is different depending on your perspective. One thing I would like to say here is that when looking at trends, if possible, you should first check the trend in a time frame longer than a 1D chart. If you always trade with the trend of the time frame chart below the 1D chart, there is a high possibility of making a mistake due to fake or whipsaw. Therefore, before starting a new trade, you should check the trends on the 1M, 1W, 1D charts and mark the support and resistance points on these time frame charts on the charts. Then, by looking at the time frame chart that you mainly view and trade, check the movement at the corresponding support and resistance points and proceed with the transaction, you will be able to reduce the number of times you are caught by fakes or whipsaws. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
2
Volatility Period: Around December 18-25Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) (1W chart) This period of volatility is expected to be between December 18th and 25th. At this time, the key is whether it can rise above 45135.66. If not, you should check whether a new HA-High indicator is created as it falls around 37253.81-38531.90. (1D chart) What you need to look at during this volatility period is whether it falls below the 39845.44-42053.66 range or rises above the 43823.59-45135.66 range. Even if there is no major change in BTC's movement, what is important for now is whether BTC dominance can stop sideways and form a trend. (BTC.D chart) Currently, BTC dominance is located around 53. Accordingly, I think the key is whether it falls below 50 or rises above 54. This is because I believe that in order to create an altcoin bull market, BTC dominance must fall below 50 and USDT dominance must remain below 5.89. (USDT chart) I believe that funds are continuously flowing in through USDT. (USDC chart) In addition, USDC is also showing sideways movements, forming a box section. I believe that this funding situation is sufficient grounds for volatility in the coin market. In order to form a trend in the coin market, it usually begins with significant volatility. Therefore, if significant volatility occurs during this period of volatility, a trend is expected to occur in either direction. However, in order for the price to turn into a downward trend, it must fall below 39845.44 and show resistance. If it shows support in the 37253.81-38531.90 range, it is expected that it will not be easy to turn into a downward trend as there is a possibility of creating a pull back pattern. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
6
BTC Dominance 4HChartHello everyone, I invite you to check the current situation on BTC domination on the four-hour interval. First, we will use the blue lines to define the local channel of the downward trend in which the price has rebounded from the upper limit. Now we can move on to marking support places in the event that capital continues to move to alts. And here, first of all, we have visible support at the price of 52.52%, then at the lower border of the channel there is a visible support zone from 52.10% to 51.57%, and then we can see support around 50%. Looking the other way, we will check the resistance areas, and here we can see that resistance has formed at the level of 53.12%, then there is a resistance zone from 53.59% to 53.86%, and then strong resistance around 54.58%. Please pay attention to the CHOP index which indicates that most of the energy has been used, on the RSI indicator we have returned to the support point, which could have resulted in a slowdown in the decline, while on the STOCH indicator there is a movement below the lower limit, which may also translate into a rebound.
CRYPTOCAP:BTC.D
by cryptodailyuk
BTCD Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Waiting for trend reversal, target zone: 49 - 50% risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
CRYPTOCAP:BTC.DShort
by trytofeelpositive
5
Bitcoin Dominance Chart AnalysisHello Everyone, Bitcoin Dominance currently is trying to break the neckline of a a possible double bottom pattern that are forming in the monthly frame! - the monthly candle is going to close after 3 days, if the breakout happen it will be a nightmare for Altcoins as Bitcoin will dominate the liquidity. - the increase of bitcoin dominance doesn't mean bitcoin is going to be bullish, increasing in bitcoin dominance could be bullish or bearish regarding the bitcoin price. - for BTC.D the current resistance is 48.4%. - if a breakout happened, the next resistance is at 51% and overall double bottom pattern target is going to be 58%. - we must not ignore the idea that a fake breakout could happen as crypto market is very highly manipulated market. so, you have to stick to a good risk and capital management plan.
CRYPTOCAP:BTC.DLong
by Khaledzu
12
BTC.D # 003 ( End with BTC Empire !!! )Hello dear traders . Good days . After End Weeky Bearish Gann square time frame , BTC.D start Next Bearish Cycle . Two time rejection from First Gann Arc resistance , it get supported From Gann box angle it prepare for breaking Arc resistance and stoped in next Arc resistance . 4HRS Bulish Gann Square in lower time frame is finished . These are reasons for downward move . Good luck and safe trades . Thanks for your support and comments .
CRYPTOCAP:BTC.DShort
by SHAlavi
1
BTC.D probabilitesdespite that long ter pas from my latest analysis about Dominance , all the lines and analysis have been done over 1.5 years ago at the time that crash happened , I followed the money follow at that time on the price chart and find the probable demand and supply areas on dominance which worked well till now , and as you can see the reactions on each line was accurate , but this area that we are facing now is very important , breaking the yellow diagonal line could lead dominance over 55 and it can reach to 58 % which is very important factor in crypto market , this could cause a huge crash on Altcoins (on /btc pairs) and could cause a unrecoverable damage to their value against BTC. and the vise versa exactly can be considered , the fall of dominance from this stage could give the alts a huge pump (considering the money that flowed into crypto market lately almost half a Trillion $) that caused this pumb. so we need to be alert about each situation . this idea need to be update by some other related charts (Total and Total2 along ETH.D ).
CRYPTOCAP:BTC.D
by ZorgOros
TradFi Assets On-Chain (aka altseason 2024) 10T++Hey hey everyone, I´ve decided to come up with the market cap dominance review after some while in key moments, back in the WATCH TO area. I tried to get as much info together as possible in simple way explained. Below you can find additional charts and informations. Hope you will like it. In the ever-changing world of cryptocurrencies, Bitcoin (BTC) has long been regarded as the dominant force. However, recent trends and developments have begun to challenge this position. In this post, we delve into the factors contributing to the shifting landscape of Bitcoin dominance, also known as BTC.D, and explore the implications for investors and the broader market. 1. The Rise of Altcoins and Their Impact: The cryptocurrency market has witnessed an explosion of altcoins, each offering unique technological innovations and applications. This diversification has drawn investors' attention away from Bitcoin, leading to a distribution of market capitalization across a wider range of assets. Projects like Ethereum and Binance Coin have carved out significant niches, offering functionalities and use cases that Bitcoin cannot replicate, thereby diluting Bitcoin's market share. 2. Regulatory Shifts and Their Influence: Regulatory interventions in various countries have historically impacted the crypto market significantly. Changes in regulations can affect not just the price of Bitcoin but also its relative position in the market. For instance, stricter regulations in major markets can lead to decreased investor interest in Bitcoin, while more favorable regulations in other regions can encourage diversification into altcoins. 3. Technological Advances: Blockchain technology is continually evolving, and new cryptocurrencies with improved functionalities or more efficient solutions have emerged. These technological advancements can reduce Bitcoin's dominance as investors and users seek out newer, more innovative options. 4. Institutional Adoption and Diversification: The increasing interest of institutional investors in cryptocurrencies has led to more diversified investment portfolios. As these investors explore beyond Bitcoin, the dominance of BTC in their portfolios is naturally diluted. 5. Historical Corrections and Their Lessons: An analysis of Bitcoin's historical price corrections reveals patterns in its dominance fluctuation. These corrections, driven by various factors including technical, fundamental, and external events, offer insights into the potential future trajectory of Bitcoin's market dominance. 6. The Coinbase Initiative: Integrating Traditional Finance with Crypto: A recent development in the crypto world is Coinbase's plan to bring traditional financial assets onto the blockchain through a new platform named 'Base'. This initiative, under the oversight of regulators in Abu Dhabi, signifies a merging of traditional finance and cryptocurrencies. It has the potential to alter the dynamics of the market significantly, impacting Bitcoin's dominance as the lines between traditional finance and digital assets blur. There is also one more interesting metric for a kind of Bitcoin dominance and that is dominance compared to gold. I posted in Oct 2018 to buy GOLD for BTC and in 2019 to sell the rest of GOLD 4 BTC Since then lot of time passed and nothing has changed my mind that selling gold and holding the DIGITAL GOLD in the digital era is the right choice Conclusion: The landscape of Bitcoin dominance is complex and influenced by a myriad of factors. From the rise of altcoins to regulatory changes and technological innovations, each element plays a crucial role in shaping the market. Additionally, the integration of traditional financial assets into the blockchain sphere represents a significant shift in the market dynamics. For investors and market enthusiasts, understanding these trends is essential for navigating the ever-evolving cryptocurrency landscape. ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only. KEYWORDS Bitcoin dominance, BTC.D, dominance, Bitcoin, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
CRYPTOCAP:BTC.D
by Anoinvest
BTC.D probabilityhi everybody dominance in daily time frame is still ranging in that yellow static channel I drew before . after a fake break out from static channel it just hit the green bullish channel top and bounce down. I have indicated everything that happens before in my previous ideas you can check them all. now it's struggling with static channel ( yellow ) midline. if candles could handle to break it down: the next target would be the bottom of the green channel if candles could break fork midline to up: the next target could be about the top of the green channel or next level ( green line ) of the fork. time will show us every thing the important thing is whether it goes up or down almost all the altcoins will affect in extra times . so be careful and save some of your profits be happy
CRYPTOCAP:BTC.D
by ZorgOros
Bearish Trend and Key LevelsObserving Bitcoin dominance on a 4-hour timeframe, we are witnessing a bearish trend. The next key support level to consider is 53. Bitcoin dominance has so far reacted to this level, but the overall trend seems to be downward. A trend reversal, indicated by a Market Trend Reversal (MTR) - marked by reclaiming its previous high - would signal the end of the bearish trend. However, until we see such a change, a further decline in Bitcoin dominance is more probable.
CRYPTOCAP:BTC.D
by MonoCoinSignal
1
📈 "Bitcoin's Pump Signals Altcoin Rally – Video 🚀🔊 A Quick Apology: I realized a bit too late that my headset was off, resulting in less-than-ideal audio quality. My apologies for any inconvenience, but I assure you the insights are worth it! Bitcoin's recent ascent to the $44k mark has stirred up some exciting market dynamics, inching closer to my key resistance zone between $45k and $48.5k. 🎯 But here's the real deal – it's time for some BTC money to flow into altcoins, and I've got the insights you need! 🔍 In my latest Tradingview video, I delve into: Bitcoin Dominance Decoded: Understand why the current BTC dominance trend signals a potential altcoin surge. It's a fascinating shift you won't want to miss! My Top Altcoin Picks: I'll reveal which altcoins are primed for growth and why they're my preferred choices in the current market scenario. Ethereum's Exclusion Explained: Surprisingly, Ethereum didn't make my list this time. Tune in to find out the compelling reasons behind this decision. Don't miss out on these crucial market insights. Watch the video now to stay ahead in the crypto game! One Love, The FXPROFESSOR ♡
CRYPTOCAP:BTC.DLong
by FX_Professor
6
BTC.D#BTC is the most dominant coin in the market and see when its dominance drops how beautifully #ALTS go bullish. According to our analysis it has to drop from 57.23% but BTC.D is making wick and giving ALTS good chance to jump of their resistances and give easy gains. BTC is enjoying good pump at 44k but ALTS are still not matching the price, means ALTS are still behind and it is expected that they will go more crazy very soon. #BTC #Crypto #IceNetwork #1000x CRYPTOCAP:ADA #ALTSEASON CRYPTOCAP:DOT Cardano #PiFest $BONK #Algorand #KuCoin UPCOM:FTM
CRYPTOCAP:BTC.D
by TheCryptoCity
BTC.D today is the day. On crypto market, a coin dominance is a ratio of its market cap to cumulative market cap of cryptocurrencies. It's a great way to see how big a coin is relative to the whole crypto market — the value of everything is in comparison. It's calculated by dividing a coin market cap by the overall market cap of the top 125 coins and then multiplying it by 100. The result of these calculations and how it changes over time you can see on the dominance chart — calculated for you by TradingView.
CRYPTOCAP:BTC.DShort
by TrojanBible
What will be the Bitcoin Dominance?First of all, pay attention to the time frame, The time frame is 12H It looks like this rising wave (big D) is a diametric with the remaining g wave. Expect to go up to two red lines to complete the g wave. When this wave is completed, we may see deep drops in Bitcoin Dominance. Because a large degree pattern may be completed and then we enter the large bearish branch of the E wave. We have to see if we will have an X wave behind this diametric. If there is no wave X, the Bitcoin Dominance drop will be very deep!
CRYPTOCAP:BTC.D
by behdark
BTC.D ReviewHello everyone, I invite you to check the situation of BTC's dominance over the rest of the market. Let's start by identifying the main downward trend since 2017, when the percentage share of BTC began to decrease. However, locally we see movement in a strong upward trend. As we approach a major downtrend, we will unfold the Fib Retracement grid from the recent high and check for potential resistance spots. And here you can immediately see a strong resistance zone from 56% to 60%, which we are approaching and through which the trend line runs, then we have resistance at the level of 66%, and then possible strong resistance at the level of the last peak of 74%. Looking the other way, we can similarly determine support areas and here we can determine the first visible zone from the level of 51.5% to $49. However, we can still see a return to the area of the second zone from 42% to 39%. Please pay attention to the CHOP index which indicates that most of the energy has been used, on the RSI indicator we are approaching exceeding the upper limit, which may change the trend, also on the STOCH indicator we remain above the main limit, which may also bring a rebound.
CRYPTOCAP:BTC.D
by cryptodailyuk