Bitcoin Dominance is pulling back towards 50MA resistance on daily, seems likely to get rejected next. ⚡️⚡️ #BTCDOM/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 6.0% Current Price: 2374.2 Entry Targets: 1) 2411.5 Take-Profit Targets: 1) 2010.3 Stop Targets: 1) 2612.6 Published By: @Zblaba ...
A bearish divergence formed in #btc #bitcoin dominance chart in mid term and also #BTCD is losing the ascending channel. The money will flow into #altcoins or #usdt ?Not financial advice.
- This graph is purely based on fibonacci law. - 61.8% is the core of the system ( check rectangles in graph to get it ) - Most of long term traders not even look at the price. - they just wait the good time to buy using Fibo. - in 2016 BTC was almost 100%. Altcoins were inexistant. (less than 2% of the market with ETH) - in 2021 BTC Dominance pushed to 75%...
- for me it has always been very complicate to explain BTC.D to peoples, because it's complicate ! lol - it's weird to understand the moves and many factors have to be compared together an alchemy have to happen to see something happening. - So basically to explain it, i will tell you what "we want to see" or "what we don't want to see" in the future. if the...
Traders, I know there's a first for everything but, as traders, we usually do our best work NOT guessing when that first will be. In this case, I have traced that descending purple TL back to sometime around November of 2016, which is nearly to the inception of dominance on this particular chart. In it's history, BTC.D has NEVER broken above our trend line with...
Should Bitcoin Dominance fail to reclaim an old neckline at 57-58%, it will likely drop back down to its recent lows and continue down to make a new ATL just below 35% Presently, Bitcoin dominance may fail to get above 54.09% on the weekly chart, after losing its uptrend and getting stopped 3x. If instead it does get above it, it still has to reclaim the...
Bitcoin Dominance (BTCDOM) has formed a distinctive double top at 2380, a key level marked by a bearish divergence observed in the MACD oscillator. While a strong support zone has emerged around the psychological level of 2000, a critical shift could be underway. It's important to note that BTCDOM has breached below the 50 Moving Average on a 3-Day chart,...
BTC Dominance is at its major support and is expected to rise soon from this level, if this happens then we will witness a major drop in alt coins from 20% to 50% retracement. major drop in some coins like MATIC, XRP, FTM, DYDX, LUNA could be seen in few days.
Still believe that $Bitcoin should reach this HTF level, before any significant rally for the alts. Especially now when we have all the hype surrounding the narrative with the newly listed ETF's Altseason will have to wait a little bit more
BTC.D is made a retest but failed to create a lower low, instead given a break and close above of the Resistance Area. Alts were dumping aggressively right now, as #BTC make short-term aggressive moves, and money started flowing into it. Dominance Reached towards the Resistance area of 54.5%. Still, there's index reached area, so alts will react and might jump a...
BTC grinding towards 45k while ETH stays at 2250 BTC dom keep going up after testing weekly EMA200 while sucking alts blood ETHBTC about to break down ETF or not, make sure you have enough exposure to BTC instead of 100% alts Alts will have there time when BTC dom hits ~57% Look for pairs that go strong against BTC not USDT BTC.D (W) Inverse...
Bitcoin Dominance may move down to daily support around ~48-49%. Confluence: It has failed to remain above 53.2%, which is the bottom of a resistance area Not pictured: it has also lost the 50 day SMA and is presently pushing on the 50 day EMA It has formed a smaller rising wedge as it moved into resistance and broke down from the bottom of that wedge...
The BTC dominance data has been maintaining its upward trend for a year. Expecting significant rises in altcoins without a downward break in this trend could be risky.
#crypto market is greedy nowadays. But when everyone is greedy, take extra caution. Money flowed into #altcoins , while #btc price is moving sideways and naturally #btcdom indice is slightly corrected. But BTC.D is about reach the support region and it' s probable that it may bounce there. If bounces hard, that will surely take money from altcoins if there' s no...
Dominance is performing nearly perfectly with only a few surprises along the way. I wasn't quite sure dominance wanted to test the underside of that channel you see in red. That channel started in November of last year. We broke to the downside in August of this year and never really retested. Well, here we are today. We have retested the underside of the channel...
#btcd has been pumping for al long time. Expecting impulsive move will reach #btcdom to %58 the ATH of the channel , then dump. Not financial advice.
I've been tracking btcdominance' weekly data and it looks like a major shift is starting to transpire. Shorters seems to have found their peaks -- and altcoin bulls may take over anytime now. Double top has been created -- and a strong order block resistance is being met with rejection. Expect reversal to the downside from here on for BTCDOM (expect...
BTC dominance is currently in the extreme overbought zone in lower tf as shown by the indicators. In my opinion and according to my analysis, a short term recovery is coming soon as it is being rejected by the golden pocket.. and double top is on 15 min chart.. NFA