notice where btc has a huge red volume ETH has a huge Green Volume? Expecting an alt run now
USD vs CRYPTO : macro look, usdt.d in the mix, alt comparison wow lot here but some clear ish macro trends. seems either 1 of 2 spots, once again. see the flags. 1. dxy aint done. usd pumps to astronomical levels while btc does a big fake pump into huge dump as dxy blows off. 2. dxy is done, loses this key support and rolls over giving risk on assets like btc...
in a possible further move down we might find a liquidity zone. the marked zone serves as a reference. possible long setups can be sought and entered below the current low with an appropriate reaction. confirmation of this can be obtained from the footprint and/or DOM. -> the marked price ranges were drawn from the daily chart via the volume profile and represent...
BTC.d-100, the inverse of BTC.d, is at resistance of a bull flag and about to breakout. Breakout of the range will make BTC lose 20% of total market cap, in what can only be a mini ALTS season. If it doesn't breakout then the other scenario is a strengthening in BTC's share of the market maybe by collapse of the total market with traders selling their ALTs for BTC.
BTC I'll take a trade if price hit $23500 because of significant size in DOM
ADA break up patter 3.75M coins at $0.5220 as support potential reward in 4 times bigger
UNFI break up pattern we need confirmation from DOM
Looking at the dominance chart, we can see that a 3 year old ascending channel has been broken down with a failed retest. The measured move and the 1.618 fib extension are confluent at 1.7 Billion which is equivalent to 5 dollars on the USD pair. The USD pair chart also shows a breach of a longterm diagonal support. Currently the RSI rests at historic support....
BTC.D has formed a strong bullish divergence at range support with a triple bottom. This might lead to a bounce for BTC.d which spells trouble for Alts. Usually when BTC.d goes up, market is sliding as a whole with alts dropping faster than BTC. We can see a similar analysis with 100-BTC.d which represents the dominance of the market excluding BTC.
Quick & Simple : - in 2014-15-16, BTC was mostly alone and his supremacy was Total, you can see in the graph his Dominance was around 95%-100% of the Total Market. - in 2017-18, when alts popped around the corner, BTC Dominance went down to 35%. Alts started to moon than BearMarket came around. - in 2018 , you can notice that when BTC dominance grown more than...
Hello my friends, I hope all is going well in your life and in your trading career. This publication is to show and give you guys an idea of two possibilities that can occur after this 3D candle close. There might be an inverse H&S on the works after a fierce triple bottom holding on dominance. Let's watch and see if this plays out in the end. Possibilities...
Quick Update : - Don't be Scary about your alts, as you noticed yesterday while BTC was pushing, Alts did an inversed movements, it just was caused by TheKing Dominance growing. - Many times in history when BTC was pushing too fast and too strong, Alts were oppressed by the power of peoples buying...
- So after this new Chinese FUD about EVERGRAND, you should take your habits after countless "Chinese FUDS" :D - This a Quick update without "Price Talk", but about the most important indicator in this BullRun, " The King Dominance ". - So i explained a in an older analyze what happens when BTCDOM up and What happens when BTCDOM Down. so check it again here...
BTC Dominance is facing strong support on highlighted level (refer chart) and still cooling down, reduced by 0.5 after our last update🌸 If this decline will continue with surge in Total Market Cap then we can expect next Alt Season in Coming Days🔥📈 BTC Dominance needs to break mentioned support for Alts upside rally😎 ~ @fortunecrypto100 ❤️🌻
In an ascending channel, testing support. Ichimoku twist offers low resistance upward. 12H RSI trendline broken. 12H MACD pointing upward. Break of the channel downward will mean a continuation of the ALTs run.
A general rule of thumbs is whenever BTC is near or below the 21 Weekly EMA, BTC.d pumps. Real alts season happens only when BTC moves over the 21 Weekly EMA for quite a bit. When BTC touched the 21 Weekly EMA on the 17th of May, Alts suffered tremendously. This trend will continue, until BTC bottoms and starts a bull run. Testing the descending widening wedge...
ETH.d is in a long term rising channel. currently it reached the midpoint which happens to be a strong horizontal resistance as well. If there is any pullback, it is normal. ETH.d will never breakdown from the channel, the fundamentals are too strong. Eventually it will breakout of the channel which has a measured move around 25% of crypto's market cap.
It's almost certain that either we are going to follow green arrows. I am expecting that green support zone will bounce heavily to the upside. We will break that support zone probably next time.