BTC Dominance chart nearing correction completionMy prediction of an abc-x-abc correction near complete with btc dominance. alt szn upon us?
Dominancebtc
Bitcoin Dominance still pushing | When will Alt szn start?Bitcoin dominance is strongly trending and so is price. These are two important metrics in identifying a strong BTC Bullish trend. Historically BTC bull markets - and especially the final 'blow-off-top' movement in BTC is accompanied by both price and strong dominance appreciation.
So when will Alt szn come? Let's look at historic BTC price + DOM and compare that from 2017 to 2020
Altcoins are bleeding but suffering continues ...bitcoin dominance formed a cup and handle in daily time-frame.
$BTC D to kick off an alt runWeekly rejection of 73% may be the start of people flipping into alts. LFG
Bitcoin Dominance Elliott wave, ABC correction going onBitcoin dominance touched 70.5% and rejected from there. On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on. The B wave is completed with a 70.5% high and now we started the C wave. 67.5% level is the next support zone for Bitcoin Dominance and after that, we see a quick fall in dominance. The upward momentum is broken on the daily chart.
The next 2 weeks are very crucial and decide the move of alts. Bitcoin is also stable which gives little room to alts. Hold your bags tightly and place sell orders. Don't Hodl alts too long. Make an exit plan and place orders within range, don't except 10-20x directly. Book some profit or take back your investment at 2x and enjoy the ride. Let's hope 2021 will bring the best for us.
BTC domi, a fib playI am looking for wave B to complete as it is over start of wave A and a wave C to follow down as per the chart. Currently within the 1 - 1.27 fib zones where I am looking for reversals.
If it doesn't happen, BTC will go to 80%+ in next months.
BTC.D will be rejected and ALTSZ start??Hi trader's. Btc.d is In the face of it's resistance, we expect a fall to the specified point. if this scenario happens this will be a very good opportunity for buying altcoins .
Bitcoin Dominance Downtrend, Big Altseason ComingBitcoin dominance is in a downtrend in the weekly chart. We have not seen such a downtrend after the epic bull run of 2017. The next 2 weeks are the deciding weeks and we see a good rise in altcoins. Bitcoin is also trading in a range of $18,000-$19500 from the past few days. That will give some air to alts to rise. Bitcoin dominance should break the 60% level after that we see a huge rally in alts. Hold your alts tightly, A big wave is coming.
bitcoin dominance - bearish ScenarioAlthough there are mixed signals (Bearish and Bullish) but I am more interested in the Bearish scenario
We have a rising wedge pattern after a bullish wave (which is a sign of retracement)
This is a continuation pattern .
See my similar analysis for LINKUSDT
The order block corresponds to the 0.618 Fib
If the chart fails to rise above the resistance area, we will have a second Bearish wave
<< This scenario is invalid after closing above 782 fib >>
Bitcoin Dominance and Altcoins Party Update in this Analysis#BTC Dominance Chart Update:-
#BTC Dominance Currently trading at 64.42%
This is good level for Altcoins trading.
If We enter at this moment then Risk reward ratio is Low.
Mean Low Risk High rewards.
I can expect BTC dominance can go high 65.50% so This is entry price for Altcoins.
But If dominance closed above 65% then we will exit with small loss.
So I am searching Good Altcoins for entry.
Resistance:- 65.50%
Support:- 58% / 56% / 53%
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#Bitcoin Dominance Mid-Term Analysis using VPVR IndicatorHello there ladies and gentlemen , BulloTaurus here with some Educational Bitcoin Dominance Chart Analysis.
For the past months we had an amazing bull run so far! Bitcoin broke all previous resistances like there were none of them!
We still didn't saw a massive volume spike on exchanges, mostly because this time we have Institutional Investors join the game that have their own private offers to buy bitcoin what doesn't always show on graphs.
Thanks to VPVR ( Volume Profile Visible Range) indicator that is available only in Premium Plan from TradingView, i can show you something very important again.
We can see that at 67% we have a huge demand zone, this is illustrated perfectly thanks to VPVR.
VPVR displays trading activity over a specified period and plots a histogram on the chart which reveals dominant and significant price levels based on volume and in essence gives a clear indication of Supply or demand at a certain price rather than volume in a certain period.
Traders that use this indicator try to use it as a support or resistance confirmation.
Based on previous HVN (±64%) we might have a dip up to 60% in the next following weeks. HVN = High Volume Nodes or HVN are represented as peaks of volume on VPVR indicator, they usually mean that there was a lot of demand in the market at a specific price. These Nodes form when price spends a great amount of time at a certain price level, usually as a consolidation.
If the price leaves the HVN, like we have right now on CRYPTOCAP:BTC.D chart, we might see the drop that i explained earlier, basically like losing the resistance.
Conclusion
Volume Profile Visible Range is used frequently by professional traders, CRYPTOCAP:BTC.D might not be the best example of how this indicator might work to show all its potential. Personally i expect a dip in Bitcoin Dominance Chart, holiday season might also contribute to this short-mid term down movement.
Trade wisely and don't forget risk management and setting your stop-loss.
I will keep updating this Educational Material with fresh examples and show its full potential.
Peace.
BTC BIG MOVE coming this weekendI think BTC will be making a big(at least 5%) move this weekend/Monday. I'm not exactly sure what direction since BTC has been chopping for the past days and being unpredictable/muddy in general. Looking at this BTC chart you can see that BTC dominance has been steadily grinding up after BTC showed weakness at 19600, since then money has been flowing out of altcoins causing them to retrace most of their previous upmove. This means people are exiting their altcoin positions in anticipation of a big BTC move. Follow me to see my updates on this range. At the moment of writing BTC is at 18980.
BTC Dominance declineSeems BTC dominance uptrend support is broken. And now moving within a downward channel. If support breaks at bottom of channel we could see another alt season.
bitcoin is King, but the jokers have their placeAltcoins are casinos. And everybody loves a casino. This is to see what happens with my squiggles.
God Bless.
Bitcoin Dominance Chart and Altcoins Big Move Coming soon#BTC Dominance TA chart Update:-
#Bitcoin Dominance Dump hard as I told you guys.
And I also told you buy Altcoins at resistance of Dominance chart at 66%
Hope you are very happy if you followed my analysis.
Now..?
Now still we can see Altcoins pump hard but we can see some corrections in altcoins.
So Guys keep an eye on below point:-
Support:- 60%/57%
Resistance:- 65%
So Buy Altcoins at Resistance level and Sell the Altcoins at Support level.
Hope you happy with our Analysis.
Please click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
BTC Dominance Breakout! Time for BTC SeasonBTC dominance break out from the support zone. One more resistance(descending trendline) to break before the real BTC season starts.
The BTC.D will keep moving until 80% (The colored rectangel) have been reached, after that comes the ALT season.
BTC.D Showing Signs of Weakness / Hidden Bearish DivergenceIs this the time for ALT's to shine a bit in the bull run? Dominance showing hidden bearish divergence on the weekly.
BTC D. No need premature panic.Yes, the dominance makes the growth after a long enough correction. But I see that it is still a downward wedge. Up to 66.2, I do not think the trend has changed. Also, if you turn on the weekly chart and look at the Ishimoku clouds, that cross of death on Kijun-sen and Tenkan-sen still has not been cancelled. This is just a fairly tangible correction.
BTC.D , carshing party ??if this breaks out from here and closes above 67.3 alts will have bad time
for alts to continue having fun, dominance needs to close below 63.7 soon
