Bitcoin dominance and the growth of altcoinsAs you can see in the figure.
The fall of bitcoin was a bad thing for those who opened long positions and lost their capital.
But here is the important point.
Bitcoin dominance is coming down This means that money is coming out of Bitcoin.
In most cases, this causes the altcoins to grow and rise sharply.
Dominancebtc
Bitcoin Dominance.When wll we move to the 3d phase of altseason?BTC. Dominance update🧨
If consider that now we are in 2-nd phase of altseason, chart says that we meet the major support 51-52%. From here we probably will bounce up a bit, then consolidate some time and then if we go below the major support, we may say that we are moving to the 3-d phase of altseason. Also for information, altseason is over when we will come back to 60% Bitcoin Dominance. As we see on a lot of altcoins against BTC pair, they have not finished they cycle yet, the same is for ETH/BTC which looks very good💪
P.S.
It is my personal opinion. I am not financial adviser. DYOR.
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BTC: Prospects for a bounceWhile I think BTC may be starting now a major correction akin to those in January and February, we should bear in mind two other things:
1) On the BTC Dominance chart, this last drop coincides with a historical support level that was important twice in the past: 03 April 2019, and 23 September 2018. The next major support level down dates to 29 March 2018.
2) On the BTC money flow index, the trendline marked has until now provided a bounce to the upside. We have broken down through this line at present. Nonetheless, there is strong upside pressure below it. An indicator to watch in the days ahead.
Feel free to comment.
BTC Domi - a one, three, five storyI could clearly see a 5 wave impulse up,
A nice correction of ABC whereas we are in leg C with wave 3 downwards. Support below so we would probably wick below it and then reverse to previous high for wave 4 from where a massive alt season and btc domi going down to 1.618 extension of wave A. From then on, BTC crushes
BTCUSD : NEW POTENTIAL ATH IS COMINGHi to all,
BTC broke its descending correction move in main bullish trend. Now i'm waiting a new ath from BTC between 62.8K & 64.2K in short term.
Bitcoin Dominance is below 56 and at the same time Total marketcap is growing-up over 2bn. It means a new rally is coming at BTC and AltCoins.
58.800$ is the support before this bullish wave. Good Luck to all.
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#BTC.D #dominance #4HHi guys..its the latest analyze chart of #BTC.D #Dominance in #4H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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BTC Dominance projection based on the lengthening cycle theoryIn the perspective of a lengthening cycle theory, with the end of the cycle around end of 2022, we would have a much longer time to develop the alt season, with a double top cycle in BTC like in 2013, and the coming correction in BTC would coincide with a surge in BTC.D. If this perspective is confirmed, it will be better to go out of crypto and stay in FIAT the time that BTC finishes correcting.... To be followed closely
Blue line = halving
Green line = start of alt season
Red line end of altseason 2017 + end of 2021 if we follow the same time pattern as in 2017.
Cfr my long term analysis on BTC trend in the perspective of a lengthening cycle theory for more information :
Bitcoin Dominance and Are you ready for Altcoins Session 2.0 #BITCOIN Dominance chart Update:-
#Bitcoin dominance currently at 57%
Which is below of strong support level.
58% support level broke down so this is very good for Altcoins.
We can expect some more uptrend in altcoins.
Now..?
Now next support level is 50%
If dominance will go towards 50% then Ready to another altcoin sessions.
But keep an eye 58% level.
If break upward 58% then Altcoins Retracement posible.
Major level:-
Support:- 50% / 39%
Resistance:- 58-60%
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#BTC.D #dominance #BITCOINDOMINANCEHi guys..its the latest analyze chart of BTCDOMINANCE #BTC.D in #weekly time frame .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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Everyone thought we are crazy‼️ crypto signals🌴QUICK MARKET UPDATE🌴
Everyone thought we are crazy‼️
💎Yello ladies and gents🥂😎
💎Let's make some checks from the update we shared with you on 15 March:
1) We said BTC Dominance will crackdown:
✅Check, we see one of the biggest breakdowns on BTC dominance since 2017.
2) We said ETH (the papa of altcoins) will be the leader:
✅Check, ETH breakout ATH sooner than BTC and is now leading the market (first time since a long time ago).
3) We said The altcoin market cap (TOTAL2) will hit $2tr:
✅ And this is the exciting thing, such as TOTAL2 really did breakout the consolidation, but still a long way ahead of us to hit 2tr.
☯️The time is yours, spend it well.