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BTC Dominance Resistance BTC Dominance Resistance The over extended RSI combined with the parallel channel resistance suggest BTC dominance would likely turn to the downside as it has done in the past. I estimated the downturn to be 7 - 12% at least but its done more damage in the past declines. I also think there is a possibility that BTC dominance could surge with a BTC price surge into the red dashed line of long term resistance and get rejected here with that 7 - 12% pull back to the 50 MA. I have included arrows with these scenarios. These are small moves i know but if you are trading alts or BTC these trigger points could help flip from one to the other, or at least help indicate alts are gaining steam. If we got an alt seasons or it eth took a run here we could see the BTC dominance take a hit. Recognize a decline in BTC dominance does not necessarily mean the price of BTC will decline, it could just mean that Ethereum or other alts are out performing its price action temporarily. I actually think BTC looks very strong at the moment, and as a long term holder I'm not toying with my position. Its a very simple chart that offers perspective in the BTC/ALT dynamic. I actually did share elsewhere with a little blue birdie before we got that weekly falling star. I only mention this so you know this isn't a reaction to that falling star. I had predicted a pullback before we got it. I hope this chart can help you with your positioning in the crypto market in the near term. It should not be used in isolation but as more as a tool to help derive what direction the general wind is blowing in for alts and BTC. Happy Trading Folks, have a great weekend PUKA
CRYPTOCAP:BTC.D
by PukaCharts
BTC USD SELLERS COMING SOON FOR THEIR CHANCE {06/APRIL/2023}Educational Analysis says BTC USD may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why short? I have mentioned the reason why it will move down from here. selling pressure build-up. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. ENTRY - 28,523.85 STOP-LOSS - 28,754.65 TAKE PROFIT - 15,767.21 THE RISK-TO-REWARD RATIO IS 1:55.27
BITSTAMP:BTCUSDShort
by VishalBudhrani
BTC/USDTThe current trend is upward, but we have three situations ahead of us 1- Orange channel: because it has hit the of top the channel, it is likely to correct and continue to the bottom of the channel, which can move to the range of 27k and then to 32.5k, which according to the head and shoulder pattern in RSI, this movement can be considered probable. 2- It can break the top of the channel and move towards higher targets (if it breaks the resistance of 32.5k, it can go up to 34.5k or if it cannot break the resistance of 32.5k and correct it) 3- It can descend from here and break the bottom of the channel and move towards 20k. But in case of decline, it will definitely be supported by ma100. And a very important point: At the moment, the dominance of Bitcoin has reached the top of its channel, if it goes down, it is in favor of altcoins, if it goes up, it is against them. My prediction is that Dominance will rise and Bitcoin will range so that altcoins will not suffer too much, in which case we will see an alt season similar to 2020 in the future after Dominance falls from the upper limits.
by mohsenomidy
Btc upward trend and patiently maintain The turmoil of Bitcoin is indeed a torture. Whether it is time or space, this is a long -term game. For those who see many people, they can only wait patiently for the second outbreak. It is recommended to buy this position at a price of 27,400, control the risk of 26,800 and the target 29200 ~ 31600 The picture above is the daily chart of Bitcoin Bitcoin bullish is based on the following points: 1. The current Bitcoin impact can be regarded as a short -term formed top, or it can be regarded as adjustment in upward. The difference between the two is whether the two can maintain 26500. 2. According to the research and judgment of my trading system, the current height of C Wave 1 continues. As long as there are still 26,500, the rise will continue. 3. The upper pressure is 29200 ~ 31600, and the lower support is 27300 ~ 26500. The transaction method is not complicated, just like building blocks, there is no complex structure and technology, but you need to spend a little time to ensure that each step is not wrong. Then continue to move forward. BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD
Long
by CheetahAttack
1
btc:High volatility, the next goal is to hit 30K?Last week, the U.S. dollar remained weak and risk appetite returned strongly, keeping Bitcoin (BTC) firm. Technically, continue to pay attention to how Bitcoin breaks through the range consolidation. If it can break through the top of the range at 29,000, it may challenge the 30,000. Bitcoin (BTC) Holds Highs on Weaker Dollar and Strong Return of Risk Appetite The general financial market environment was favorable for Bitcoin (BTC) last week. Despite a series of hawkish comments from Fed officials and rising market expectations for a rate hike in May, the U.S. dollar remains weak and risk appetite has seen a strong recovery, which constitutes support for Bitcoin (BTC). As worries in the U.S. banking sector dissipated, Fed officials took a hawkish stance in favor of continuing to raise interest rates. The chairman of the Richmond Fed said that "as long as the risk of inflation persists, we will continue to raise interest rates"; the chairman of the Boston Fed said that "we will not cut interest rates this year, and will continue to tighten policies to fight inflation"; the chairman of the Minneapolis Fed said that inflation must be fought, The 2% target will not be changed. In terms of Fed rate hike expectations, at the beginning of last week, the market expected that the possibility of the Fed continuing to raise interest rates by 25 basis points in May was less than 20%, but at the end of last week, the probability of continuing to raise interest rates in May increased to around 50%. Even so, the U.S. dollar index is down 0.5% for the week, and the dollar’s ​​weakness is bullish for Bitcoin (BTC). This week's rise in risk appetite has particularly supported the prices of riskier assets such as Bitcoin (BTC). Although the dissipation of worries in the US banking industry did not make the Fed's policy outlook return to hawkishness, investors' appetite for risky assets has become greater than before the Silicon Valley Bank crisis. The S&P 500 surged 3.48% last week, hitting a one-and-a-half-month high. The data released by the United States last Friday showed that the core PCE price index recorded an annual rate of 4.6% in February, while it is expected to remain at the previous level of 4.7%; the overall PCE price index recorded an annual rate of 5.0% in February, lower than the expected 5.1% % and the previous value of 5.3%. As the Fed's favorite inflation indicator, the unexpected decline in PCE inflation will increase the possibility of the Fed pausing interest rate hikes, thereby continuing to suppress the dollar and support risk appetite, creating conditions that continue to favor the trend of Bitcoin (BTC). Bitcoin (BTC) price trend technical analysis: If it breaks through the consolidation range, it may try to break through $30,000 The four-hour chart shows that Bitcoin (BTC) has fluctuated in a large range of 26,700-29,000 since March 18, and has entered a smaller range of 27,700-29,000 since last Wednesday. Short-term suggestions focus on how to break the smaller range interval. If Bitcoin can break through 29,000, it means not only breaking through the small range but also breaking through the large range, or ushering in more room for growth, and it may point to 30,000 and higher levels. And if it falls below the support around 27700, the bottom of the small range, it may fall to around 26700, the bottom of the large range. If it continues to break down, it means more downside space. I have been busy with my own affairs recently, so it has not been updated for a while. The overall idea of ​​​​Bitcoin has not changed. You can hold it with peace of mind.
BITSTAMP:BTCUSDLong
by Navigation-h
WILL BTC HIT $29.5K?Hello traders, I hope you all are doing well. It's been a while since I was not around posting updates. My apologies for the inconvenience. Well, the daily open has been quite dramatic where we saw BTC reaching $29.2k and then quickly dropping back to $28k. With the recent price at $28.5k, I am expecting BTC to reach $29.5k followed by a small correction. But as you can see in the cart, there's a slight resistance at $28.6k and BTC needs a candle closing above this resistance to secure the $29.5k rally. On the other hand, if BTC remains below the resistance level then we can expect some correction from the current price. Note: This update is based on 2 hours timeframe so it is recommended for scalping or short-term trade. In a higher timeframe, BTC is yet to reach the $31k resistance. I hope this hourly update was helpful to you. Thank you for reading and trade safely.
KRAKEN:BTCUSD
by Dexter_The_Trader
8
Crypto exchange manipulation BTCHi guy, today something about yesterday night and how crypto exchanges can manipulate the cryptocurrency market. Exchanges can manipulate the market in various ways, although it is important to note that not all exchanges engage in this behavior. Here are a few ways how crypto exchanges can impact the market ( be careful about your trading and money): 1.) Wash trading: Exchanges may make fake trades to increase trading volume and create a false impression of liquidity. 2.) Pump and dump: Exchanges or groups of traders may agree to buy and sell a certain cryptocurrency in large quantities, causing the price to rise and fall rapidly. 3.) Front-running: Exchanges or their staff can use information about upcoming trades to gain an advantage over other traders. 4.) Stop loss hunting: Exchanges or experienced traders can identify where stop loss orders are located and manipulate the price so that the activation of these orders triggers further selling, leading to a drop in price. They can then shop at a lower price. 5.) Spoofing: Exchanges or traders may create fake orders that they never intend to fill. By doing this, they can influence the price of a cryptocurrency by showing other traders that there is interest in buying or selling at a certain price. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Well, it's a topic that isn't talked about much, but as I've already written a few times in some other charters, pay attention to what you're trading, apply to a larger time frame and volume (volume indicator tradingview does not count as indicators (max 3 in free mode)! so I recommend having it on non-stop) Stop Loss yes, but only if you are at the breaking point and it is not clear where it will go, or if you are in profit and do not know when to exit the position, or if you continue trading in a certain direction after obtaining the first / second target. That's all for me for today, if you have any comments or ideas, send it down or to DM.
by Bitcoinblockchainonline