📊BITCOIN destroys ALTCOINS! How long will this go on?Bitcoin is falling but all money flows into it. Almost all alts are destroyed and fall for 85-90%. Only few of them still follow the BTC and fall for 65-75%. But is it finish for alternative coins fall?
Now the Dominance is close to the 50% which were described in this idea. I think the 50-53% are become the top for the BTC.D.
📊Even if Bitcoin falls to the bottom and consolidates there, altcoins continue to lose capitalization. And even if the decline of the crypto market has stopped, altcoins will continue to lose value. As a rule, this happens because long-term holders of altcoins become not by their own choice. If you know what I mean.
This was in 2018 and 2020 after Bitcoin fell to its lows. Altcoins begin their huge growth and Altseason✅ after the main cryptocurrency (BTC) renews✅ its highs and hype returns to the crypto market. So keep this in mind!
📈Why the Dominance in the long-term downtrend? The numbers of Altcoins is growing through the time and in any case money flows to the alternative coins. So, the dominance will fall to 20-30% with high possibility in 7-10 years .
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Btcdominance
#BTC/USDT DAILY CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As its evident from the above mentioned chart that bears took charge and BTC fallen down from the 0.618 fib level after printing a bearish flag.
BTC dumped almost 14% from the breakdown level of a bearish flag.
If we consider HTF then BTC is continually falling downside after recording a new ATH of 68K.
Now, as we all know BTC never retested its previous ATH ever, but this time BTC printing a different scenario.
This time BTC heading towards its previous ATH which is $19k.
BTC have also a support rage of $18k - $19k, and we can see a bounce from that level in upcoming days.
Candle close below the support zone will lead BTC more downside towards $12k price level.
Let's see how BTC performes in upcoming days.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC/USDT 8Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC triangle pattern breakdown and almost btc dump 28% and create the bear flag and bear flag breakdown almost 15% and BTC almost and BTC may come down 13%.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
BTC.D Intermarket Analysis This is the BTC Dominance (BTC.D) chart.
BTC.D Down = BTCUSD UP
BTC.D UP = BTCUSD Down
Right now the BTC.D Chart is at a discounted market, however, it seems to be trading up into a premium market which is (technically speaking) why BTCUSD has been falling recently. Based on this chart, BTC will likely drop a lot more from where it's at should we reach up into a further premium for the BTC.D market.
What is BTCD? BTCD is short for Bitcoin dominance (BTCD) and is defined as the ratio of Bitcoin's market capitalization to that of the rest of the cryptocurrency markets. Bitcoin (BTC) is a digital currency that was first introduced back in 2009.
BTC Diamond pattern a reversal or a continuation to 22k/18k?BEARISH CASE; In my previous posts, I warned BTC may retraced to 22k, the weekly wma200. I still have a bias towards 22k.
However, if you measure the height of the Jan2022 rally from 33k to 48200, BTC may even retrace 200% Fib down to 18k. A diamond continuation to 18k is also a high probability since it was the midline of the red consolidation box of Dec2020 which launched the 2021 big rally to 65k.
BULLISH CASE: if this is going to be a big diamond reversal pattern, BTC should not break below the May2022 low of 25338. Candles sometimes break a little below the pattern to hunt for stop losses before totally reversing back up.
Wave IV, an expanded flat, continues till BTC bottoms out. If 28k is not recovered in the next few days, 25338 may not hold. There may be a capitulation leading to this Wednesday or up to Friday after impt FOMC announcements & options expiration. Many are expecting the FED to be more hawkish after the higher inflation that came out. 22k will definitely be a good place for a relief rally before BTC makes a final lower low at 18k for the divergence before a bottom reversal.
BTC dominance continues higher. In the downturn, Altcoins may loss 2x more against BTC.
Not trading advice
#BTC AT ITS CRUCIAL SUPPORT, WHAT ARE THE NEXT 2 ?Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
As we can see BTC again dumped and currently trading on a crucial support level .
BTC needs to hold and close above this support level to recover upwards.
I think Btc can still come up to $27200 or $26750 if it bounces from here then altcoin will bounce
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#USDC.DOMINANCE PRINTING BEARISH DIVERGENCE IN DAILY CHART !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see from the above-mentioned chart that USDC DOMINANCE is currently printing a bearish divergence and it can move down from here.
The candle close above will be harsh for bull traders in USDT pair coins.
Let’s hope for the best and see how the market performs in the upcoming hours.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
BTC DOMINANCE WEEKLY UPDATEHello guys, here's a weekly update on the BTC Dominance chart.
We can see BTC is trying its best to maintain and stay above the $28k support level and on the other hand, the BTC Dominance is breaking all the ceilings. In the hourly and daily chart, the dominance is increasing and the picture isn't clear enough to understand where the resistance is. But in this weekly chart, we can actually see resistance 1 at 49.9% and resistance 2 at 52.9%. It is interesting to see that resistance 1 (49.9%) is the same resistance level from where the BTC.D got bounced and rejected multiple times in the past and once when the BTC.D broke above the R1 level, it made support at 52.9% which is now a resistance 2 level.
If we are expecting a bounce in the market then these are two resistance levels from where the BTC dominance should get rejected. Also, if BTC is completely bearish with a possibility of getting rejected below then our expectation then the BTC dominance can aim towards the 69% range which will be a 76% rally from the lower support trendline.
So, let's be vigilant cause the next move in the market will surprise us.
Thank you.
#BTC/USDT 4HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see at the above mentioned chart that BTC just broke its crucial support level and now heading towards its lowest price level $26700 since last 31 days.
Here bulls need to take charge and show some recovery in BTC other wise loosing the $26700 will end up things and lead BTC towards its lowest price level which is $19k.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Bitcoin (BTC) - June 12hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(BTCUSDT 1W Chart)
Primary resistance: around 32259.90
Secondary resistance: 35045.0-38150.02
1st support: 28923.63-29812.52
2nd support: around 27033.35
We need to see if the stock can break out of the oversold zone of the RSI.
It is important to be supported over the 28923.63-29812.52 section.
(1D chart)
The key is whether it can move higher than 28923.63 quickly.
If it fails to rise above 28923.63, it is likely to fall below 27033.35, so a short-term Stop Loss is necessary.
However, as mentioned before, there is a possibility that it may rise while pretending to decline due to a fake, so you need to check which point or section is supported.
So, if you can't make quick decisions, you need to be careful when trading.
The next volatility period is around July 13th.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
#BTC AT IT'S CRUCIAL SUPPORT, WHAT'S NEXT?Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
As we can see BTC again dumped and currently trading on a crucial support level.
BTC needs to hold and close above this support level to recover upwards.
Candle close below this support will lead BTC towards the lower marked green support levels.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#BTC/USDT 3HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
Currently, BTC is trading at a price level of $29357
BTC's support level of $28600 is a support bounce for Sam's price level.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
Bitcoin (BTC) - June 11hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary resistance: around 32275.6
Secondary resistance: around 35280.2
1st support: 28951.7-30437.0
2nd support: around 27054.1
Whether it is supported above 28951.7 is an important factor.
In the short-term and medium-term perspective, it needs to rise above 30437.0 and find support to turn into an uptrend.
A fall below 28951.7 is likely to lead to further declines below 27054.1.
The next volatility period is around July 16th.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
Points 27054.1, 28951.7, 29840.6, 30971.3, and 32275.6 are important points.
This is the boundary point of the formed box sections (27054.1-32275.6, 28951.7-30971.3, 28951.7-29840.6), so you need to make sure you have support and resistance at these points.
When consolidating above 28951.7, the period of volatility on the 1h chart is around June 16th.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Bitcoin (BTC) - June 10hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Primary resistance: around 32259.90
Secondary resistance: 35045.0-38150.02
1st support: 28923.63-29812.52
2nd support: around 27033.35
You need to see if the stock can break out of the oversold zone of the RSI.
It is important to be supported over the 28923.63-29812.52 section.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 30444.93 and find support to turn into an uptrend.
A volume profile section is formed around 28923.63.
Therefore, it is important to be supported above 28923.63.
Therefore, it should find support at the 28923.63-30444.93 section to turn into an uptrend.
If there is an attempt to break through 32259.90 in the future,
1st support: around 30444.93
Second support: 28923.63-29812.52.
The point where we can see the trend reversing is definitely at 32259.90.
However, it is expected that the upward trend will continue only after the 35045.0-39942.38 section, which is a wide support and resistance section, is crossed.
A decline from the 28923.63-30444.93 section is likely to lead to further declines.
However, as explained in the BTCUSDTPERP chart, there is a possibility that there will be movements such as the Fake example (pretending to go down to rise or vice versa), so you should also think about countermeasures.
A move like Fake's example is actually a matter of passing, but I expect it to touch the uptrend line or near 27033.35 and move higher.
However, it is possible that the current movement is in the process of pretending to rise in order to decline.
To do that, we need to know where the resistance point or section is.
This is to pretend to rise above the resistance point or section and see if the decline is progressing.
For now, it looks like the resistance point is at 30444.93, but I think that's less meaningful.
The next volatility period is around July 13th.
The example below will remain in effect until it drops to Stop Loss.
(buy)
- After confirming the support in section 29812.52-30444.93
(Stop Loss)
- When resistance is received by falling in the section 28923.63-29287.05
- When it falls below 27033.35
(Sell)
- When resistance is received in the section 32259.90-35045.0
- When resistance is received in the section 37253.81-39942.38
If it finds support above 39942.38, I would expect it to surge.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
BTC/USDT 1hr CHART UPDATE!!
Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see at the above mentioned chart that BTC printed a sharp dump candle of 2.5% and wickoff from the support level.
Do not panic here, it will recover soon.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
#BTC/USDT 1Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
Currently, BTC is trading at a price level of $30096.
BTC's support level of $29600 is a support bounce for Sam's price level.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
BTC'D OutlookI still believe that BTC dominance will be strongly rejected from this 47% area as it did already a few times before, especially that Others.D paved its future floor at around 11.50% which is very critical for it and is the top of recent growths. BTC dominance target is the star at around 40%.
Small Altcoins Session will Coming ( Bitcoin Dominance Update )#Bitcoin Dominance Update:-
$BTC dominance currently trading at 47% and went upto 48% as I predicted.
White Line Support is 46.50% which is support level.
Above this Support level Altcoins More Blood Bath but if Break down this support for 44% Retest level then we can see small Altcoins sessions.
This Red Zone area is Dangerous for Altcoins.
Mean This Breakout is in High time frame so Next Resistance is 50%
We can see more 20-30% altcoins drop from Current price if Dominance continues Rise.
When Relief from Blood bath..?
If Dominance Go toward Retest level 44% then we can see small Altcoins sessions.
Above 46.50% bearish for altcoins.
Trade with proper stop loss.
Support:- 46.50%
Resistance:- 50.26%
BTC.Domination Analysis 9 June 2022#UPDATED
#BTC.D Analysis
still moving in ascending channel and rejected two times after hit nearly major resistance. but if we see from indicator BTC.D showing in overbought area which shoudly down first to retest indicator
center trendline be strong resistance any 4 times trying to breakout always rejected and back to support trendline
i this situation can't expect much . Alt season will happen if BTC.D breakdown And BTC sideways or up and instead if BTC.D up or pumping we will see ALT dominant dump
#BTC/USDT 1Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
Currently, BTC is trading at a price level of $30246.
BTC has two support levels one is 50MA support and the second most important support area is GREEN ZONE.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.