If you are a Bitcoin Maximalist you may not agree with my thoughts on this one. Now for my Atlcoin HODL'ers/Traders hear me out. For a 20% to 40% weekly gain to occur, we need a significant pullback in BTC dominance like we had in the middle of May 2019. So be patient & make the most logical decisions. When we are rushed and don't take many of these factors...
An update on the LTCBTC massive H&S chart Price now: 0.01000 BTC Target: 0.001900 BTC Minus 80% from now. Correlates with the massive BTC Dominance Chart. Not smart to keep ALTS if you want to have more BTC. RSI in the weekly also had a huge divergence.
Hey guys I hope you are well. I found a really interesting pattern on the BTC dominance chart and I'd like to share it with you all. As you can see in the chart btc dominance was stuck between 59.04 and 35.07 since December 2018. On 6th May we had a clear breakout of this triangle and that was a CLEAR sign for us to dump all alts. The dominance went right up to...
- Using Fibonacci circle to see a upcoming pivot point on short term future (Experimental). - Still on bullish movement as it's made a same high as previous peak but it's start to show it's weakness after it's broke the previous uptrend line. if it's somehow could regain above the trend line again and maintain above the trend line is more likely the trend would...
I have not really paid attention to dominance charts. Its interesting (though I totally understand why dom is up) Just thought I would share :)
The chart speaks for itself, possible increase if the patterns is confirmed. If it were to be the case, alts will bleed once again !
How will Bitcoin Dominance play out? This is my cheat sheet.
Speclation about BINANCE:BTCUSDT is always confusing for a new comer to understand what is going on in the market ? To be frank, thats make this amazing cryptocurrency a pain in the @ss for traders. You cant predict whats gonna happen next. From my analysis, I believe there are two possibillities, Bull Run and Bear run >> BEAR RUN If the Price breaks down...
BTC (Bitcoin) According to 2h Timeframe BTC Is Breaking Down From Support (10000) But Also Making Lower Lows Of Falling Wedge.. If Holds The Support Of 9600 then Falling Wedge Pattern Will Be Formed (That's Bullish Sign). After Falling Wedge My Target Is 12000 (That's An Important Resistance At The Moment) Weekly Chart Is Not Good After Last Weekly Candle...
BTC Dominance target's - GREEN or RED?
I believe this is the 4th wave for the overall uptrend. I'm watching .618 and .5 fib levels for a retrace to 259 and 226 potential trend reversal for the start of the 5th wave. ETH has massive upside potential and the start of the 5th wave could be a result of altcoin season after BTC dominance subsides.
- Potential Rising Wedge is being formed. Although there's not enough touch point to confirm this pattern currently. Invalid once reach above 69 %
Looking at prior performance of ETH/USD by overlaying bitcoin dominance chart and bitcoin price chart. Will we see a new altcoin season? Note that BTC peaked approximately 1 month prior to ETH peak.
Currently testing the golden fibonacci line once again. if it breach above it. i expect i will run toward next upper golden ratio fibonacci. if it do manage to break the trend line or golden fibonacci line after a long consolidation, i would be bad for bitcoin dominance it self
- Ascending Triangle pattern is a bullish pattern, expect to reach next upper fibonacci line whether it's success to close above the upper triangle or broke the trendline below the triangle - Ascending Triangle can morph into some other pattern like Bullish flag if the percentage is remain bounce between current fibonacci line/ Side way action. whether it's goes...