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Dominancebtc

Why I'm Bullish On The Bitcoin DominanceYou can see the 140 MA on the weekly still holding support for the last 3 weeks and stochastics just crossed to the upside. At the same time the structure looks like an ascending triangle (bullish formation). First likely target is 71 area, but as it looks like bitcoin might be approaching its last ultimate parabolic phase (blow off top) the dominance can shoot even higher to the 80s. I am exiting any BTC pair altcoin trades for now. Will reconsider if we see a weekly closure below the 140 WMA.
CRYPTOCAP:BTC.DLong
by Crypto_Burger
14
BTC DOMINANCEBTC DOMINANCE Dominance start to bounce again from trend support (from 60% to 64% last week)and now 62.5% With BTC breaking 50k most likely dominance can rise more in short term to 67-70% level again then drop below trendline support and breakdown 60% level (Neckline of H&S pattern) toward 50-40% if that happens this can lead to massive altcoin season in med - long term So high probability altcoins can suffer in short term but med and long term strong bullish if that H&S pattern successed (most likely)
CRYPTOCAP:BTC.D
by Babenski
38
BTC.D Dominance IndecisionBTC.D has been in a decision phase for long time and between 17-22 Feb BTC .D Dominance will decide what to do next, because right now BTC .D is between the descending triangle and it's support, it has been squeezed between there lately, so the decision will be between 17-22 Feb. If Dominance starts to rise and breakout the descending triangle , we will see BTC making new highs and ATH levels (only one condition, market should not go into deep correction). If dominance decides to fall under 60 percent, then we will have the real beginning of an altseason which Ethereum leads. The only condition is that market should not go into deep correction, and money should stay and flow within the market. So the TOTAL and TOTAL2 graphs should have been also considered between 17-22 Feb.
CRYPTOCAP:BTC.D
by Kriptoteles
3
BTC.D Bitcoin Dominance Head and ShoulderceptionI have shared with you the H&S Pattern on 4h frame, but it has also been formed in the one hour chart, if you look at it closer I've drawn it with purple brush. So there is something which I call " Head and Shoulderception " Head and Shoulder within a Head and Shoulder :), both of them will be activated when dominance levels crosses down 60 psychological support level to trigger sharp altcoin season. BTC has been outperforming alts and actually it has been overbought by now, a bit of correction would lead to massive altseason. Keep watching with your stop losses :)
CRYPTOCAP:BTC.D
by Kriptoteles
BTC.D Bitcoin Dominance Possible H&S FormationBTC.D Bitcoin Dominance level is drawing a Head and Shoulders Pattern on daily chart, which could lead to a massive altseason with new ath levels, the trigger might be when the %60 psychological level is breaked out towards levels of 59-58 levels, which in return will make dominance fall sharply, based on my technical analysis, the altseason bullrun will be around 1-2 months from now on. In the bull run, every correction is a possible buying chance, at least this is what I am going to do. And few words for people who are panic selling on every correction, I do not have any license or right to give financial advice but based on my experiences I can say that, panic selling is not good..
CRYPTOCAP:BTC.D
by Kriptoteles
DIA/USDT Possible Cup PatternIf you look at the hourly chart you will also see that there is a pennant formation forming, after it's breakout DIA will break the 3 dollars resistance level, after that, if nothing bad happens (like sharp fall in total market cap) I am expecting the cup formation to be active and boost the price to the level of 5 dollars. 2 Possible scenarios are drawn on the chart with purple brush. possible buy locations are - trend line or recent support level, stop loss at 1.5 ATR level. With the help of BTC.D Dominance levels to fall, DIA will reach 5 dollars in my opinion.
by Kriptoteles
SXP Double Cup Pattern PredictionWith the ongoing situation of altseason, I have managed to catch that pennant and cup formations are the most succesful ones in the mid-term investment, right now we have BTC.D Dominance at %61 levels which can be considered as relatively high compared to the bull run in 2017. In case of BTC Dominance to hit 59 levels, Head and Shoulders will be activated with the minimum of 10 points of decrease. So in that case, I am expecting SXP to pump between 5-9$ channel. Well, this case is optimistic one with the rule of ceteris paribus, not a financial advice just for the means of education.
by Kriptoteles
4
Bitcoin Dominance's chart technical analysis The Bitcoin dominance chart - i.e., the share of Bitcoin's market capitalization in the total crypto market - indicates the importance of the technical momentum that lies ahead in the coming days. In recent hours, Bitcoin's strong upward movement was driven by the arrival at the support level (A) of the bullish channel that currently governs the movement.  After that bullish reaction, the apex formed by the crossing with a narrow bearish channel (B) was quickly reached and is now moving downwards, compressed by the confluence between both technical figures (C). If it pierces the figure to the downside, it will signal future weakness of Bitcoin against Altcoins, which could push the Altcoin segment higher. If, on the other hand, the price movement is bullish and breaks the technical hurdle, Bitcoin can literally fly higher and shatter Bitcoin valuations in the rest of the market. The daily range MACD shows a profile that supports future developments to either side of the price, although it would be terminal and short-lived if it is a bearish move.
CRYPTOCAP:BTC.D
by TomasCrypt