set up GREEN= HOLD BTC BUY BTC RED = SELL BTC BUY ALTCOINS BLUE = POSSIBLE BREAKOUTZONE FOR ALTSEASSON OR BIG DROP ALTCOINMARKET CAP PLAY THE BREAK.
Hello guys playing around Bitcoin dominance and discovered it was filled up with lots of bear flag which each break leading to huge altcoin pumping. Presently we have another flag that is about to break we should keep an eyes on this as it will surely lead to another huge pump in alt market. Enjoy your alts guys as they pump. Please leave me some like if you see...
For the last 200 days a descending triangle is consolidating and a breakout is quite imminent (we entered in the last 25% of this formation). Breaking this formation on the downside should trigger another Alts season, breaking on the upside may trigger further lower lows for alts and probably also BTC. Total Market Cap Patterns: cryptok.eu
You can see the Chart of Btc Dominance on Daily Timeframe . I have Mention Support and resistance levels on Chart Note: This is only for Educational Purpose this is not an Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan
What more needs to line up?
We are doing Analysis of ADABTC on 3 Day Timeframe . I have Mention Support and resistance levels on Chart Note: This is only for Educational Purpose this is not an Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan
BTC's dominance has been growing since the crypto bear market began at the beginning of 2018. Now we see a large flag formation that provides us with evidence that the dominance might continue growing. This also provides further evidence to support our forecast: Once the BTC dominance starts to show a technical reversal, the bear market will likely come to an end:
BTC Market Dominance looks to test lower as Binance Coin (BNB) and Litecoin (LTC) lead the AltCoin Market Capitalization higher and on the verge of a major breakout from the downward-sloping resistance trendline from January, 2018.
Recent spike in BTC dominance (due to AltCoin dumps) may indicate a re-test of relative highs if previous patterns continue.
BTC Market Dominance has further to fall to continue the current Altcoin Market trend. This may lay the final support needed for the BTC Dominance to continue it's bullish trajectory on the weekly time frame. Further, this would coincide with a theoretical capitulation of the Altcoins into BTC before an eventual capitulation of BTC itself in May/June.
Altcoins pumps more than bitcoin Altcoins dumps harder than bitcoin Rinse and repeat Climax: New bitcoin uptrend and many altcoins die or New bitcoin uptrend but altcoins mega pump
look at this beauty. PURE TA, PURE downtrend.
Descriptions are written in the chart.
Bitcoin price divided by cumulative number of altcoins (Bitcoin-Altcoin ratio): plot.ly Bitcoin-Altcoin ratio post: medium.com