BTC DOMINANCE UPDATE BTC dominance is still on breaking-down mode following my previous plan shared in 5 AUGUST You can check my previous idea here ðŸ‘‡ : Dominance next support 42% and even below 40% is possible,This mean we still have potential bullish moves in altcoins Best of luck ðŸ™
Bitcoin dominance is now in a large range between 40 and 50. In addition, the dominance is in local consolidation. It is difficult to say right now where bitcoin dominance will go. But the trend line is clearly visible on the chart. If the dominance indicator breaks the trend line, rises above the local consolidation, and tests it as support, it is likely that the...
I think that this scenario is likely to play out. Its a bit risky taking into consideration that BTC is being heavily accumulated. However, Ill take my chances getting some additional exposure in Alts for a few more weeks. Is important to know that BTC Dominance goes up either when BTC goes up or when it crashes.
BTC.D seems to be very weak to keep up and I expect it to go down deeper, meaning a short-term Alt season if Bitcoin doesnt mess up. Ehsan
According to BTC dominance, altcoins could run harder a while longer.
I dont think Bitcoin dominance in the market will fall below 40%. In my opinion, this box comes out from the top and moves towards 55%. Of course, this analysis takes a long time I think it will take the next 3 months
As you guys can see here, BTC dominance successfully broke the trendline and moving towards major level of structures. In the daily timeframe, I expect it will support at 41.25 after retesting the hourly trendline just broke. This might be a huge opportunity for altcoins if bitcoin also follows. Happy trading!
is bitcoin dominance breaking down? we will wait to see.
BTC.D is looking good and currently facing a resistance and if it able to break it we will see a good gain in ALTS and that condition is aligning with BTC current resistance MACD is also bearish that is also a good sign for ALTS Keeping all this in view we can see a good gain in ALTS if it breaks the current resistance
Kinda bit late posting this. but since the bearflag broke already. so i think were entering mini altcoin season till 42.83 zone *not financial advice
#BTCDominance bitcoin dominance almost broke the lower line of descending short term parallel channel, and I think it will drop to 43, which is a lower line of long term ascending parallel channel. this drop will cause a pump in BTC and ALTs.
Both Scenarios here are pretty interesting. At this point in time Im not sure which one has a better chance of being in play. A lot depends on the wave structure that Bitcoin is printing out in its own chart. Is wave (B) done? Or are we in subwave B of (B) ? Ive said it once, and Ill say it again: this is one of the most important charts youll need if youre...
BTC.D is moving downwards respecting the trendline and failing to break through the 43.9% level. It is still moving opposite to BTC as BTC is moving up so if this will still be the case, BTC.D should not take long to break through the support level.
Bitcoin Dominance its look bearish too. For that, a possible altseason we could to look soon in the best cryptocurrencies. For example: Ethereum, Cardano and XRP are my preferences. Now, I show you this perspective how I look the dominance. As Bitcoin touch the 0.382%: 49.10%, Bitcoin weakness and could to leading down to 39.50% and included 33.69%....
ðŸ’ŽTechnical Analysis SummaryðŸ’Ž Bitcoin Dominance -We can see the BTC Dominance level is respecting the EMA19 -The Dominance level 45 is previously supported now acting as resistance -This consolidation below support is potentially a bearish pattern -If the last support at level 43.50 breaks and closed lower -The bear flag pattern will be confirmed -Ill be...
All time highs across the board. Shattered dreams inbound. This is a weekly chart of BTC.D It appears dominance may be finding a potential bottom near the .786 region. I will be monitoring this over the coming months on the weekly and daily time frames.
From the chart, we can clearly see Btc.d just has tested the bottom support of the channel. If that support broke out, we should see massive gains of alts as well as BTC. But if it is tested and went towards the upper resistance, Its a bad time for alts in the current situation. Then if it succeeds in breaking the above resistance, there is no doubt bitcoin will...
i think we will see alts go up while btc laggs behind, another alt rally might start tonight
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