For all my followers; we anticipated this dump of the market since BTC was at 64/63K and we came a long way; we did all the pips for the week and thus BTC can consolidate this weekend. The total crypto cap found a local bottom and shows a clear bullish divergence which means we can see a short term recovery for the market as a whole. This means calmer BTC times...
Binance Coin’s Surge Elevates Token to Ranks of Crypto Titans
Binance Coin has strengthened its position as one of the world’s largest cryptocurrencies after an 18% rally in the past 24 hours knocked back its rivals for the third spot behind Bitcoin and Ether.
Issued by the world’s largest crypto exchange, the digital coin commonly known as BNB now has a market...
Previously we saw breakouts on this 'altcoin dominance' chart meant alts ran pretty damn well against BTC
E.g. DeFi summer 2020 where any coin with finance in its name would 10x
E.g. new year ape szn where 80% of coins 5x
I think the second example is not done yet though
Market just saw a massive correction in alts again and if this 1W candle holds the breakout...
BTC is in a critical rising wedge right now.A breakout down would send it down to 52k, causing popular blockchain stocks like RIOT and MARA to retrace over 20% (RIOT could his $40). A break up would be market positive for the crypto market cap as a whole and would send Bitcoin, along with other altcoins flying. My end of month target for Bitcoin is $68k but this...
Total Market Cap
By penetrating the trend area, we can expect the movement to continue up to the specified limits ...
The most important resistance range is currently around 890 billion
For those who paid attention yesterday we had signified that the ALTs rally was weakening and that Bitcoin would rise faster than alts (or drop slower than alts).
This chart worked perfectly well for us again and helped us identify the trends nicely.
The blue trendline speaks for itself, we are facing strong resistance at 72.40.
It is unlikely to see Bitcoin dominance above that area, but if that happens you should consider selling all of your ALTs as they will be shitcoin soon after.
So the invalidation for ALT season is breaking above 72.40.
BUT HOW FAR WE CAN GO DOWN WITH BTC.D ?!
- The most crucial...
In this technical analysis I will explain why $42,000 is a very realistic scenario for the price of bitcoin. According to the fractal from late 2017 we would still be able to have an upside potential of at least 20% before we enter a downtrend again.
From a TA perspective it seems hardly sustainable to see the price of BTC grow as much as it has this recent time...
BTC Dominance finally going down as well as USDT dominance, and money started flowing into ETH and ALTS in general. Probably not the best time to FOMO, but at least a good start.
On this chart we are looking at TOTAL2 & BTC.D.
BTC.D ( Bitcoin Dominance) is the % of the total Crypto market BTC Controls, when the Bitcoin Dominance rises it can be a sign of Bitcoin taking up the market share of the whole crypto markets - and as this happens we usually see alt-coins (crossed with BTC not USDT) have sell offs.
TOTAL2 (Cryptocurrency Market...
This Industry is about to catch a part of the fiat supply.
Some of the wealthier person in the world buying big chunk of $at.
.
.
.
.
.
Billions and Billions and Billions and Billions Billions and Billions and Billions and Billions ... www.youtube.com
.
.
.
To bitcoin
