#BTC Dominance Rejection in progress.. ALTSEASON??#BTC Dominance getting rejection from the resistance. Reason we are seeing some green in many Alts across the market.
ALT/BTC Pairs are likely to continue the rally unless broken upside.
The trend for alts look strong for now but keep in mind this will only stay this way as long as BTC holds the $28k level. That is the key level we need to keep an eye on.
Make sure you keep enough cash to buy the Dips and always DCA your entires and use SLs.
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#BTC Dominance entering resistance cluster. Decisive time ahead.Bitcoin Dominance is again above 200MA while hitting the resistance area.
We might see some relief in Alts for the short term.
However, the trend for Altcoins will be confirmed when it hits the upper resistance trendline.
Breakout will result in more blood in altcoins.
This will be the fourth time dominance will be hitting this 1 year + resistance trendline.
What do you think? Let me know in the comment section.
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BTC DOMINANCE UPDATE!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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#BTC DOMINANCE short and simple UPDATE
USDTDOMINANCE is forming this bearish flag pattern currently it is at the upper resistance of this accusation channel we expect a rejection from there up to lower support or then if it breaks the lower support with confirmation then we can expect a drop up to 3.62.
Here we may Bounce from here up to the upper resistance of this rising which pattern then we can accept rejection from there.
Let's see how the daily candle closes
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#BTC Dominance Understand this level if you are holding ALTS!Reasons to Follow me?
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ALT/BTC Pairs are likely to have some pullbacks.
Breakout and retest in LTF. But if you zoom out, the index is hitting the 200D MA.
Break above this level could result in more downside in Altcoins.
Less likely but possible.
For those who are trading with margin in BTC Pairs.
Be careful, even a -15% move could kill your position.
It's important to preserve what you have.
So 42.40% is the key level you must watch out for now.
We are witnessing an extended period in these ALT cycles.
A lot of new developments in the charts.
Conclusion:- Break above the 200MA will be bad for BTC Pairs, 2-3 Rejection candles and the index could go down from here.
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#BTC Dominance is Bearish! Massive ALT SEASON will trigger soon.Although I have been calling for an Alt season for the last 4 weeks.
A massive rally looks imminent in Altcoins.
Below are the reasons we can see an Altseason trigger:-
1. Close below 21 MA confirmed
2. close below 50 MA confirmed
3. Possible bearish Crossover below 21 MA below the 50 MA.
4. BTC Dominance got rejected from the red resistance zone.
5. Multiple indicators show signs of bearishness in this chart.
Invalidation:- Dominance staying above the 200 MA is a problem. Dominance must break below it to confirm the trend.
The lower target for Dominance is around
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#BTC Dominance Decisive time coming by 31st March, Here's why!Welcome to this brief Analysis of Bitcoin Dominance.
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Let's get to the chart!
Bitcoin Dominance is getting rejected at the local resistance but does not take it as a confirmation for a possible alt season.
ALTS are still bearish IMHO. We can buy way cheaper but later. It pumped almost 4.18% since my last post and I expect more growth in Dominance for the next few weeks. Possibly till the end of this month.
When it hits the resistance, that will be the actual time to know whether the index will break or get rejected.
Currently, it's almost reaching the resistance better wait for the right time.
If you follow me you already saved a lot of your funds which was possibly stuck in many altcoins.
INVALIDATION: A daily close followed by a confirmation candle below the 21DMA and 50DMA will invalidate this chart.
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#BTC Dominance following the path! Part IIWelcome to this extensive analysis BTC Dominance.
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Now, let’s get to the chart.
BTC Dominance is following the previous chart so far.
Although there's some initial rejection at the red zone. A break above that red zone is likely which will take us to 45.5% range.
A rejection at that point could result in fireworks across the btc pair altcoins.
For now expect some more bloodbath in Altcoins till dominance reaches the legacy trendline resistance which will eventually give us some good buying opportunities.
We will asses our strategy to enter altcoins when we reach there.
It's better to wait for now.
Invalidation:- Daily close below the blue MA.
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Will bitcoin dominate 2022!?Guys, before i start this analysis I believe BTC.D is a LONG in the short term till it hits about 45% as that is the resistance of the downtrend channel that is visible. I'm guessing it will happen in about a month. Anyways, this chart shows that a bearish divergance is getting created on the weekly timeframe. Right now it kinda got created but its very small and not visible yet. Once BTC.D reached 45%, the bearish divergance will be huge and visible and that will cause it to dip and A BIG ALTSEASON IS WILL BE TRIGGERED TO START!!! Look at my ADA/USDT and ADA/BTC analysis to see why I am accumilating ADA for the altseason and DYOR. I am not giving financial advise this is just my ideas of ADA being ready to prove all the haters wrong of it having become "trash". DYOR DYOR DYOR!
#BTC Dominance ALT SEASON in Q2 Possible? Here's Why!Welcome to this extensive analysis of Bitcoin Dominance
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Now, let’s get to the chart.
BTC Dominance bounced and pumped almost 4% since the last chart.
Expected this growth and asked you not to go long on BTC pairs.
Hope you listened.
The charts show potential for more growth in BTC Dominance.
Once we hit the legacy trendline resistance, a rejection will cause rallies across the market in BTC pair altcoins.
This is why I expect a nice second quarter, especially for Altcoins.
CONCLUSION:- Bitcoin Dominance should rise to almost 45.50% We will see later whether it breaks the long-term resistance or gets rejected from there. It's early to come to a solid conclusion. Close above that level means BTC will hit new ATH and Alts go cheaper.
Invalidation:- A close below 50D MA will invalidate this chart.
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BTC.D - ALTSEASON IS COMING! PAY ATTENTION!Hello friends.
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Everything is according to plan.
I don’t know if wave (e) has already been set or we will only start to form it now, in any case, I’m waiting for the fall of bitcoin domination, we will confirm the fall by breaking through 40%.
Target zone 35-33% and possibly 30%.
There I will sell altcoins and go to fiat.
cancellation of fall, consolidation above 46%
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BTC.D - SAY "HELLO" TO ALTSEASON :)Hello friends.
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Everything is according to plan.
Nothing has changed from my last idea.
Target zone 35-33% and possibly 30%.
There I will sell altcoins and go to fiat.
Good luck everyone!
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Dont Forget, always make your own research before to trade my ideas!
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BTC Dominance In for a BIG drop!!Taking a look at our Bitcoin dominance chart and we notice one thing right off the bat, a big shift in momentum and lots of pressure to the downside, want to point out aswell i have called this from quite some time ago and just recently in the past week or so! We have fallen right out of our bearish wedge, rather than taking the long way we decided to drop out nearly right after i made a TA talking about that possibility. We are currently sitting under the strong 43% support level and its looking like we are going to get this bearish close for our upcoming daily close, we are slightly above the 42.62% support level which i think we are likely to break any day now. Also take a look at that 42.62% support level you will notice that it lines up the bottom band coming from the bollinger bands and i think yall know what im gonna say... if we do see a close and grab onto this bottom band it could easily spark a big move to the downside and thats exactly what we are looking for, the altcoins will be loving any drop in BTC dominance and will likely explode if we do see a sharp drop, now keep in mind if BTC follows the dominance and has a spike down the altcoins will likely feel the pressure at first but once we settle the alts should start to rally. Our MACD is looking good we are seeing yet another increase on our histogram for our red bearish bars, effectively putting pressure on BTC and its dominance, we had a recent bearish cross that has confirmed and we are seeing a decent spread within the MA's which is exactly what we want to see, the Blue MA has to start moving further away from the orange MA making is more difficult for us to get a bullish cross. Now the squeeze momentum indicator, we are having around 4 days now of very flat green bars which is not a big deal, i don't think we will be going into a bullish squeeze here i think this is just following our slightly sideways price action, i think when we see a fall in the dominance it will push the SMI into the red zone which we will then be looking at a bearish squeeze, we will want to see a steady increase in red bars confirming the bear squeeze shown by the black crosses on the midline, then we will have a confirmed bear squeeze and we will then be looking at a squeeze release shown by the black crosses turning white, now this part of the indicator is the very explosive part and when we do actually see the release portion we can expect BTC.D to take quite the tumble to the downside especially pairing that with a grab onto the bottom bollinger band, altseason is on the horizon! Not financial advice just my opinion!
Altcoins SEASON INCOMING 🚀🚀BTC Dominance is one of the major signs of ALT Season return or arrival.
The lower the Score on the BTC.D card, the better for rally of Altcoins . On the other hand the higher the Score , the bad for altcoins .
Technically, we are in a descending channel , setting up nicely along with it. See where I marked Flat Top sent it downwards previously, which is responsible for current Alts moves, but that's just tip of the iceberg.
It failed to make Higher High but did Lower High instead ( Red Flag )
At the moment, it is moving within GP ( golden pocket ), though it already punched through it once . If it cannot make it out of GP, that means drop is imminent
Various levels of Resistance on the chart where I expect near rejections . To take it down towards mid-channel, then bottom of channel.
With all these on the charts it is obvious ALT SEASON may just be around the corner . Where all tokens will go parabolic, even meme coins will follow. 🤑🤑
Keep watch and fingers crossed on this one.
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#BTC Dominance 100% Perfect Prediction! What's next?Welcome to this quick Update, everyone.
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Let's get straight to the chart.
BTC dominance started falling from the 48.6 level (the circle) we called the alt season at that time.
Many altcoins already went 4x to even 10x.
The question here is, is it over already?
I will keep this simple for you...
If we hold this 41.8k level by this weekly close we can expect some bounce which will give us some opportunities to buy Altcoins at cheap prices.
Any close below the red line leads to alt season
Lower support is at 39.03 and 36.33 levels.
I am. holding my altcoins on spot for now.
What's your thought on this?
Do you think this correction is over?
Do you think ALTCOINS could easily pump from here?
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#BTC Dominance Broke down, Alt Season? Part IIWelcome to this quick Sunday update, everyone.
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Dominance broke down and followed our speculated move exactly as shown in my last chart!
I expect the dominance to break to the downside, Reasons:-
1. Ascending Wedge Formation.
2. Broke below the Triangle with perfect retest and continuation.
3. Broke and closed below 100D MA which basically shows us the sentiment of the market is shifting towards altcoins
4. I am expecting a bearish crossover of 50D MA and 100D MA in the next week which will eventually fuel the alt season!
Many indicators are also revealing signs of weakness in this index.
OFFICIALLY WE ARE IN AN ALTSEASON RIGHT NOW!
WHAT MATTERS IS IF WE CAN GET SOME SIDEWAYS ACTION FROM BTC THINGS WILL BE MUCH BETTER!!
What's your thought on this?
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BTC dominance fakeout or more downside?! *In relation to my last post* BTC dominance has held up below our long term 57% level which is historically one of bitcoins strongest dominance levels. I see this playing out in two different scenarios, First i think the continued fall is inevitable but we could either see a fakeout for right now and see at some point a climb back up above 57% maxing out imo at 60% Dominance and then continue to fall and once again break the 57% level and continuing down for a big altseason. Or we don't see a fakeout happen and we just continue in the downtrend we are in. We have two more strong major levels of support which i think we will see bounces off of the first time we reach them, 50% dominance and 40%. After that we have the 35% level which was the exact peak of the 2018 altseason, I think we could see BTCS dominance could reach here again by the end of the year resulting imo the most explosive altseason yet. Not financial advice just my opinion!