The fomo of people wanting to start piling into bitcoin is intensifying and we can see that here in the bitcoin dominance chart as price action is starting to poke its head above this purple channel we’ve been consolidating in for some time. For it to truly break out. Of this channel it’s gonna need to flip the tan trendline just above it to solid up port though....
- 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, In this video I'll cover the spikes we are witnessing in the dollar, fear, and precious metals (specifically gold). We'll discuss what this might indicate to us from a geo-political/macro-economic perspective. Inflation continues to tick up. The SEC continues to attack big players (tokens/coins) in the crypto space without providing rules for how to play...
Morning fellas, Last night I posted a chart on Link/USDT. A coin that outperforms others, and always looks bullish, even when it's not trending higher. I guess the hopes for Chainlink are high. But there could be a pullback, while BTC.D moves up a little. Lets keep an eye on it, most alts didn't run yet, so im still bullish on them. Trade thirsty.
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...
Hi mates! Im fine, thanks :) The spirits of the forests and the imperial stormtroopers clashed in a fierce battle and the light of their suffering and rage illuminated the direction where the Great Ancient was stealthy heading. I saw it and sketched it here to bring you the truth! BEHOOOOLD! Thy worshiperz of the Elderness will consider this heresy, but it is...
A nice healthy FWB:12K shakeout in #BTC And we see the #ALTS rebounding back strong This is the market saying to Daddy The party is not over yet it's only 10pm I think this Head and shoulders can perform let's watch and see if it does.
Bitcoin Dominance ( BTC.D) is giving a fantastic trading setup. It's preparing a BIG Bullish Swing. From an Elliott Wave point of view, a bullish Impulse Wave is about to start. In this case I'm talking about Super-Cycle (C) (turquoise). Moving on to Harmonic Patterns, there are two: The smaller one is the Bullish Shark, which is preparing its completion. The...
CRYPTOCAP:BTC #bitcoin dominance is forming W bounce for moving upwards. Money will flow from #altcoin s to #bitcoin . Isn't it clear? NOT FINANCIAL ADVICE.
in the next 3 month wild things will happen, my wild guess either ethereum or XRP will over take bitcoin market cap for a short period of time which will bring down bitcoin dominance to 17% keep in mind i still think bitcoin will be the top number one in the long term, but in the short term (1-3 months ) brace for surprises not investment advise
Traders, Just a quick note to keep you abreast on my still bullish Bitcoin bias. As you know, previously, I had thought that we might get a pullback to 48k before continuation to our inverse H&S target of 80k. But that was only if we could not close above our multi-year support/resistance from 2019. The bulls pushed right through that, a feat that is rarely...
In the weekly chart, Bitcoin Dominance is in the bullish territory, as long as weekly candles close above 53.27%. Below 53.27%, the key weekly support, Bitcoin will share the dominance with Altcoins and BTC.D will decline towards 51.37%. A bearish break-out of 51.37% and #Bitcoin Dominance keeping below this level will push BTC.D to 49% resulting in Altseason....
So guys, I'm doing an extra BTC Dominance idea. All just the way I like it, the power signs on the small timeframes led to power signs on the big timeframes! I have no doubt that BTC D are ending the Wyckoff accumulation, and this monthly candle in the narrow SOS range is meant to test the lower boundary around 46.8-46.5. The July candle should be green! A...
Now things with the Bitcoin Dominance can really get exciting! This is because what we might be witnessing a potential completion of a 455-day-long ABC corrective pattern. Building on our earlier analysis of BTCD, we highlighted a clean bounce off the 641.4% Fibonacci resistance.
📉Hi Traders, Investors and Speculators of Charts📈 Bitcoin is undoubtedly on it's way to making a new ATH. But one question is on everyone's mind... wen altseason ? Parabolic rallies often occur across the altcoin market after a steep increase on BTC and when BTC trades sideways and loses dominance (BTC.D). I'm not going to go into too much detail here, as...
... for the cycle Bitcoin could be so strong That even though the others index ( aka shitcoins ) still do well from here. Maybe they don't make a new high for this ratio. As this chart shows -- last cycle all the coins outside the top 10 peaked at 1 : 2 bitcoin.d essentially the others.d was around 20% of the entire total market bitcoin was around 40% Eth...
In this analysis I want to make an educated guess on when the next bull-market (read: altseason) will start using the Bitcoin Dominance (BTC.D) chart. An uptrend in Bitcoin with a falling dominance would be the ideal case for alts. As seen on the chart, the altseason previously started by a top in the BTC.D and a consecutive fall afterwards. My best guess would...
In the intricate world of cryptocurrency, where trends shift rapidly and market dynamics are ever-evolving, Bitcoin dominance stands as a critical metric, offering insights into the broader sentiment and capital flow within the digital asset space. Recently, the narrative surrounding Bitcoin's dominance has taken a noteworthy turn, stirring discussions about...