I want to let you see some levels on dominance.. I dont like to chart the dominance but it respects some PA. What we here see is that altcoins will bleed more and more then BTC. This means we can see a dominance of 50% - 51% and thats not so good for altcoins. I think the altseason is finished for now. BTC needs to make his move up and stabilize on a good support....
BTC. Dominance update🧨
If consider that now we are in 2-nd phase of altseason, chart says that we meet the major support 51-52%. From here we probably will bounce up a bit, then consolidate some time and then if we go below the major support, we may say that we are moving to the 3-d phase of altseason. Also for information, altseason is over when we will come back...
The Bitcoin dominance chart is at a crossroads.
One direction would be a continuation of Bitcoin's dominance over the altcoin segment, as has been the case since the beginning of the year.
The opposite direction, below the dominance level of 62% of market capitalization, boosting the altcoin segment and could drive Ether to seek new all-time highs. Confirmation...
The Bitcoin dominance chart - i.e., the share of Bitcoin's market capitalization in the total crypto market - indicates the importance of the technical momentum that lies ahead in the coming days.
In recent hours, Bitcoin's strong upward movement was driven by the arrival at the support level (A) of the bullish channel that currently governs the...
BTCUSD Is Forming Channel. And Now this is at the Top of Channel this time. It has Maximum Chances that it will touch the Price level 11300.
This is a small resting long term it will go up to the Price level 22k.
Keep in Touch I will update Further with In Few minutes. At that we will show where it will Go long term
Monfex is at your service and today we overview BTC Dominance.
We are located near the resistance line. Will it hold on? Very likely. The market firmly pushed off the resistance line! Target zone ~ 66,50 %, it's our support line, good trading volume support zone.
By RSI we have a strong bearish divergence with price.