With altcoin dominance closing back above the rising 200 Week MA last week, confirming Bitcoin's long-term weakness in market dominance, "ALT.D" (1-BTC.D+99) has again held the 30% support a second time and is looking for a breakout above 33.75% with a target to 40%.
This would additionally be a TD Sequential trade on the Weekly chart with a Green 2 going above...
Bitcoin has seen an exponential rise, and if you ask around in the crypto space, this would mean that altcoins bleed. However, I'm seeing a bullish fractal on the cards.
Bitcoin, depending on how you draw the descending channel lines, may or may not have broken out of the descending channel.
With the altcoins, it's very clear that it's broken out of the...
If you are trading altcoins is important to check Bitcoin Dominance very often.
It doesn't look good for Altcoins at all. Currently, BTC.D will be testing support at 70%. It can give some alt-window opportunities IF this support will break, if yes I will inform you about opportunities in altcoins or which altcoins look the strongest.
Bitcoin market dominance has been making lower highs since September.
It is now testing the upper trend line once again. Momentum seems to be to the downside. If it breaks 68%, technically we could see a further 5% break to the downside.
Could this be budding a new altcoin run?
Hi!
For this TA I am using Elliot-Wave Theory to determine the current move and the cycle of this run.
Therefore judging by EW-Theory it looks like we seem to be in the 5th wave up, going up until December/ end of December.
From there on the BTC Dominance will meet resistance and an urge to cease itself down.
This on the other hand implies that an ALT SEASON is...
Took a 5x position on LTC . Increasing volume, upticking histogram, bull macd cross, just cross the 4hr 20ma after a double bottom? I'll take it twice on Sunday. Going for a double top here before a btc pump which will then rekt it while we short it later. That's the plan, anyways...lol
#LTC/Z19
Exchanges: Bitmex
Signal Type: Regular (Long)
Leverage: 5
Entry...
Opened a long on TRX . We can see bulligh rsi divergence, upticking histogram, potential macd bull cross, and increasing volume. Additionally dominance is declining. However, I have to be careful becuase a btc pump could rekt this. It's holding above the 4hr 20ma @ 191, and I like the confluence with the 4hr 50ma @192. This could be pretty. My target is just...
Elliot Wave Analysis applied to BTC Market Cap Dominance.
Waves I and II have been completed. In my count Wave III has not completed its 5th leg up yet. If we get to the 1.618 fib extension of Wave I to II and market dominance level gets rejected at this point, we will probably enter Wave IV, which could lead all the way down to the green trendline. Playtime for...
BTC dominance macro-view:
Now we will close BELOW monthly MA resistance which is an incredibly bearish sign for bitcoin dominance and also we will close below the MAIN support line which now will switch it to be a strong strong strong resistance
MACD (momentum) still going down and hope to switch to the bearside to have a beauty altcoin season
Bear cross at...
