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Bitcoin Season! BTC Dominance triple bottomBitcoin Dominance has just found a very Bullish Pattern, a Triple Bottom. I would expect BTC to potentially break the All Time high within the next 1 month, before correcting again down to the 44k level 1 last time. And then we may be in for a big long run up! Gotta Love Bitcoin Season, because it precedes Altcoin Season, another very fortunate time. I call the previous, "Bitcoin Season", although there really is no term for it. We used to think every 4 years, BTC would knock everybodies socks off and steeply incline, but that seems to be lengthening from 4 years to potentially up to 6 years (Jan, 2024). We won't know until it happens, although there is data suggesting this. I have talked about this before - having measured distances of random points in a 4 year halving cycle on Bitcoin (BTC halves every 4 years, meaning its production of new Bitcoin is cut in half, essentially limiting the supply(. When I measured, I only had a couple data points, but I came up with numbers between a 1.6x to 1.66x increase. This is how I predicted the bottom of the current BTC decline to be early-mid October. And how I came up with Jan 2024 for the actual peak. Altcoin Season happens after people pour their money back into BTC. It's almost like a slingshot affect, BTC springing up high, Alts dropping to lowest prices - prices here referred to each coins cost in Bitcoin. To see this, check out your favorite Alt/BTC chart. Then, during incline, Alts start staggering behind. When Bitcoin Peaks - we see the Alts rapidly accelerating, and when BTC crashes - the Alts just take over. They didn't peak until May 2018, 6 months after Bitcoins crash! Those who traded were rewarded, as Tron - an example - gained 7000% on Bitcoin. A lucky trader would have made 70x more Bitcoin!! Excited for the coming seasons - although I do think we will have to wait for the actual peak.
CRYPTOCAP:BTC.DLong
by Shwayze
BTC bottom and Alt season defined by FibsIn this study, I will look at the ratios on BTC.D to define the bottom of BTC, and the start of Alt Season. As BTC.D is showing signs of upside, exactly like it did after the 2017 top, indicating weakness for altcoins after this year's parabolic boom. Many alts went 30-100x, and it seems like it's time for them to consolidate. This bear market seems to be rather exceptional, breaking S2F (temporarily?) because of general market weakness. If Fib ratios would be held I will be looking at the 0.382 and the 0.618 levels for 1) the BTC low and 2) the start of alt season.
CRYPTOCAP:BTC.D
by Nextep
$CPRI: Continues to stun the marketWith another massive earnings beat, the market continues to find value in this name that was getting beaten up long before COVID. Should be interesting to see if CPRI can continue to impress into holiday season and beyond. Q2 2021 Highlights Revenue increased 178%, with better than anticipated results across all three luxury houses Adjusted gross margin expanded 90 basis points versus prior year Adjusted operating margin of 20.8% Adjusted earnings per share of $1.42 Raised full year adjusted earnings per share outlook to $4.50
NYSE:CPRILong
by Fox_Technicals
We're a little early to the end gameOBV & RSI peaked at the blow off tops of 2017 and 2013 alike. Not here in 2021... RSI is cooling off, BTC has been chilling, and we got some time to kill. Below is 2019s bull trap. Look at how similar the data is. That's because we're early. 2019 was early. May 2021 is still early. We've got nothing but time until the end game. For now, it's alt season. here is 2017s blow off top // notice how every datapoint peaks at roughly the same spot 2013s blow off top 2013s 'little too early' blow off top
INDEX:BTCUSDShort
by Ungovernable
3
SiaCoin breaking out of major channel and resistance.Looks like Siacoin is ready here to go into a parabolic run for its own. its been grinding the bottom of the channel for quite some time now, and typically this ends up resulting in big parabolic runs upwards, after all the BTC.D keeps dropping and it is already Alt Season, most coins will have a run at some point or another if not all coins. Looks like a potentially good entry early on for Spot, cheap coins can give big gains all in all. PS this is not financial advice, I am only speculating, and having fun with the charts. Trader and invest AT YOUR OWN RISK > DYOR.
SLong
by TitoKnowsBest
21
Bitcoin dominance is in danger?CRYPTOCAP:BTC.D Many people are still talking about upcoming alt-season, however I believe alt-season is here for three month! Many coins made ATH even to BTC pairs. Looking at weekly chart makes me think that we are actually getting close the end of the party. I specified previous alt-seasons in the blue blocks, together with RSI state in yellow blocks. As you can see we still have room on weekly RSI to deep, dominance also broke down the uptrend and went under EMAs. Despite this situation I would be careful with alts. Most likely we see another step up for BTC and keep in mind that as soon as it happens, alts will crash and dominance will sky rocket. Of course overall we got a chance for super cycle and continuation of the alt-season with the slow growth of BTC, but I would not count on that. Let me know what you think in the comments. Good luck!
CRYPTOCAP:BTC.D
by dekotrd
2
BTC Bitcoin Dominance Failing. Head and Shoulders Pattern Now OnGreetings Traders, I have patiently been waiting for this pattern to play out. It has now been confirmed. THE REAL ALTCOIN SEASON HAD BEGUN! One word of warning though, don't be greedy. I do believe that this altcoin season will be quick, maybe less than 2 weeks? I expect most coins to pump and 2x their price from current levels. So, after your coin of choice has pumped, be quick to take your profits. Don't hold on this pump unless you are a HODLer and not a trader. Best of luck traders!
CRYPTOCAP:BTC.DShort
by stewdamus
7
Mantra Dao (OM) Cup and Handle SetupOM shows a long term bullish setup. We have a cup and handle pattern, as well as a retrace currently that extends down to the 61.8% line. The bounce off of this line is bullish by itself, but once the lid is broken, we should see some steep gains up to $1.80 - $2.20 Target for this pattern is technically lower, as previous lip is lower, however because we are in bullish season and about to see the peak of altcoin season, I have adjusted the target from $1.20 to $2.20 The current Fibonacci trade we have would take us to around $1.40, $2.20 and $3.60 - I believe we will at least hit $2.20
Long
by Shwayze
28