If This Happens For BTC Dominance, Shakeout Is CancelledHello, Skyrexians!
As you remember we have the previous analysis on CRYPTOCAP:BTC.D where we pointed out the target at 66% and the shakeout. But we were sure that it will happen in the upcoming week, but Dominance retraced again below 61% and current wave doesn't look like the wave 5. This move increased probability of more positive scenario for altcoins.
Let's take a look at 12h time frame. We can see that candles were able only to touch the 62.5% and then retested the recent low. It gives us an idea that the probability that this is wave 5 decreased. Here we have two scenarios. The first one is that we are in wave 4, which is more complicated that we supposed and candles will finally reach 66%.
But the second scenario now has even more than 50% probability. This pump could be already shortened wave 5. Unfortunately, Bullish/Bearish Reversal Bar Indicator can't catch such waves, but Awesome Oscillator tells us that wave 4 has been finished and we can see the divergence, which could already happened if dominance touch 66%. Now AO is reversing and this is the sign that this impulse to the upside will not continue. The clear breakdown of 60% will confirm this idea.
Best regards,
Skyrexio Team
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Domination
USDT.DOMINANCE CHART UPDATE ;-USDT.DOMINANCE CHART UPDATE!
Descending Channel: Dominance is trading within a well-defined descending channel, indicating a controlled downtrend.
Resistance Zone: It is currently approaching the upper boundary of the channel and a horizontal resistance zone near 4.30%-4.32%. This confluence zone could act as a rejection point.
Potential Downside: Failure to break this resistance zone could lead to a downward move toward the lower boundary of the channel, around 3.80%-3.90%.
Bearish Bias: Dominance remains under bearish pressure as long as it remains within the descending channel.
If there is a breakout above 4.32%, it could temporarily turn the sentiment bullish, indicating a reversal or a temporary halt to upward momentum.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
USDT Dominance Chart Update !!USDT Dominance Chart Update
USDT dominance has broken above the descending trendline.
The current level of 5.84% shows a slight pullback after reaching around 6.70%.
Immediate support is around 5.50%.
Long-term support is significantly lower at 4.56%.
The immediate resistance level is at 6.70%, which was recently tested.
Higher resistance is around 8.50%, which has not been seen since late 2022.
If USDT dominance can stay above the 5.50% support level and break the 6.70% resistance, it could target higher levels around 8.50%.
A break below 5.50% could lead to a decline towards long-term support at 4.56%.
Keep an eye on changes in volume to confirm the strength of the move.
Monitor the RSI for potential overbought or oversold conditions to identify reversal points.
USDT dominance is currently in a critical range. Traders should keep an eye out for a break above 6.70% for bullish continuation or a drop below 5.50% for further bearish action. The 5.50% and 4.56% levels are key support areas, while 6.70% and 8.50% are important resistance areas to keep an eye on.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
USDT.D domination approaches an important areaHi all. Timeframe 1 week. The dominance of USDT.D is globally in an ascending channel, after breaking down the triangle, it is approaching important support. Where with a high degree of probability there will be a rebound/correction of the entire cryptocurrency.
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Dressing up for $1bn++ mark valuation
BTCUSD ⚡ New Altseason? 📈BTC is showing a rather sad picture today. Dominance falls and has broken through the cent of the ascending channel. Thus, a new alternate season is possible if the breakout is not false. If in the near future we do not gain a foothold above 49300, or I expect a fall to 45000 from the current ones, we may even reach 42500 with a shadow.
Do you agree?)
Your Solldy.
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BTC Dominance - on the waythe overhang over the level continues.
Waiting for the altseason!
the feast will begin after the breakdown!
on many of the coins is already a feast.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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#btc.d #1h #bitcoindominance #btcdominance #1HHi guys..its the latest analyze chart of BTC.D #DOMINANCE in 1H timeframe .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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