Bitcoin Dominance Answers: Altcoin SZN, or another DEAD SZNHey!
This is price action analysis for BTC.D (bitcoin dominance over altcoins).
During next couple of month there is an opportunity for short-term alt season, but we need to see all options.
So importance level are at 66.66% dominance, if price going to break one we going to see huge dump of alts, I can say -50% from current prices over couple of months.
Another hand is more likely we will get an short alt season if btc.d% break down from 65% towards 62.20% this will make alts huge pump. Speaking from my experience it might be over 2x-5x on certain coins/tokens
Check the chart and if you like the visuals, let me know by pressing like.
Stay tuned!
BR,
Artem Shevelev
Dominancebtc
Which maximalist are you ?1 Orange coin vs Altseason
Today on coinguekcko
Coins: 6019
Exchanges: 408
Market Cap: $449,813,748,595
24h Vol: $79,452,890,716
Dominance:
BTC 64.5%
ETH 10.9%
USDT 3.78%
CoinmarketCap:
Coins: 7 597
Market: 32 255
MarketCap: €374 494 098 803
Vol 24h: €164 455 142 889
Dominance BTC: 64.3%
BTC.D crucial zone to watch for part 3.Hello everyone,
This is closer view (5h chart) for previous ideas. I think the local BTC.D top is very close. Lot of major altcoins have bullish divergence forming & BTC.D is reaching the point of a previous GAP and forming opposite conditions (bearish divergence)
So if you saw my previous BTC.D charts this is just closer view for them for easier tracking.
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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Bitcoin Dominance Big Update ( Altcoins Big Bounce Time )#BTC Dominance TA Updates:-
#BTC Dominance currently 65.85%
66% Level is very big resistance for BTC Dominance.
2 Scenarios:-
1st:- If Dominance Rejected from this strong resistance then I can expecting Altcoins to bounce from here and show some recovery if Dominance gets Rejected from the upper long term TrendLine Resistance.
And I personally Expecting Altcoins 2x minimum from here.
2nd:- But If breakout upward 66% Resistance then Exit all Altcoins.
I can expect 30%-50% more dump if dominance Breakout 66% resistance level.
Now...?
If You entered in altcoins please keep in mind your risk reward ratio
Because I can expect low risk high rewards.
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Bitcoin Dominance - Will It Pump Our Bags?It's been a long time since I've posted an idea. I'm sorry for the lack of action.
But we need to take a quick look at this chart here. Dominance appearing to be in a downtrend on the higher timeframes and could be in line for a nice continuation to the downside.
Question is, are your bags filled for when it does?
BTC.D / Bitcoin Dominance about to drop? #BTC.DThe Bitcoin dominance has been falling ever since september of 2019.
Since late august of 2020 it has been rising though and altcoins have been bleeding against Bitcoin.
Now might be the time to continue the descend.
The level of 60.35 seems to have been significant on numerous occasion, working as both restistance and support in may of 2019 and again july-september of 2020.
The chart went below it mid-august and has since struggled to break above it. I believe it will keep struggling, get rejected again, fall further letting altcoins surge.
Will see...
I still believe that BTC.D should at least go to 50.0 before it's super-domination begins.
Bitcoin Dominance BTC.D - Head and Shoulders + Broken trend lineHead and Shoulders pattern is still valid. This is extremely bad for altcoins, this Head and Shoulders pattern is powerful. Also, the major trendline to the downside is broken. Big move is probably coming and it will be nasty. You can short altcoins on Binance Futures / Bitmex or move your Crypto to USDT temporarily - only for traders. Monthly chart is still bullish for altcoins.
BTC Dominance, An upward accumulation!All the technical patterns say about possible Bullrun!
1. The price broke the downward channel;
2. A huge accumulation under the local resistance;
3. Lows are higher than previous ones.
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Before to trade my ideas make your own analysis.
Thanks for your support!
BTC dominace will stand up?Hello, traders.
BTC dominance keeps slumps after every bull attempt to gain market cap, and the price is inside on what it seems to be a bearish downtrend channel.
But if the price goes above 62 regions we can imagine that this downtrend will be over and the price will make a bear trap on that major support level, and after that, they gain market cap consistently.
Best Regards.