Structure has broken the wedge and now trending downward within the channel. So we see a decrease in transactional volume. It seems that a historical pattern is repeating itself from a previous cycle, mostly due to monetary policy involving an interest rate cut. if a similar scenario plays out, we might witness Bitcoin dropping to a low of 52000 "Thank you...
As I explain before on my previous analysis on Bonk, i see liquidity going to BITCOIN, hence all altcoin will bleed to downside Market structure also is in confluence with our technical breakdown of the POC level, Price was drowned into the the point of control level and got rejected we could see price drop from there just like other pairs Follow me for more...
Looking at the 1W time frame of the Bitcoin Dominance (BTC.D) chart, it looks like it's time for the market to transition from being primarily Bitcoin-dominated to altcoin-dominated. We've seen the writing on the wall with Bitcoin making headline after headline regarding United States Spot ETFs or the halving event. Now that the majority of investors are sucked...
hello dear trader and investors there are two senario for biton dominancee 1/ if dominance hit the top of uptrend channel (58 -59.8 ) sell zone 2 willbe activated and altseason actice from here 2/ if dominance breakdown uptrend channel on 54 To invest, make sure you have a portfolio and make buy your altcoin step by stepThe post 85% of Altcoins Are in Historic...
Bitcoin has been on a tear for quite some time now in compression to alt-coins, but it looks like the alt-coins will start gaining against BTC for the foreseeable future.
The fomo of people wanting to start piling into bitcoin is intensifying and we can see that here in the bitcoin dominance chart as price action is starting to poke its head above this purple channel we’ve been consolidating in for some time. For it to truly break out. Of this channel it’s gonna need to flip the tan trendline just above it to solid up port though....
We can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the...
Here is my forecast for the bitcoin dominance chart: I think we could see a continued bull run on the BTC.D weekly towards the 70% (overbought) level by the end of this year - so you definitely want to remain overweight BTC until then. The picture also suggests that we may see another "alt season" near the end of 2024, as the crypto market heats up and we enter...
I think that Bitcoin Dominance should touch this target before bull market. Afterwards, I think the altcoin bull market we have all been waiting for may begin. * What i share here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose all your money.
By clicking on the previous analysis, you can see the serial analysis of Bitcoin Dominance. It seems to be inside a large diameter. It is now inside the big D wave of this diametric. We consider two supplies to complete the D wave. In fact, from one of these two supplies, it can be rejected downwards for 40 weeks. We have such a view on the dominance of Bitcoin.
Traders, I know there's a first for everything but, as traders, we usually do our best work NOT guessing when that first will be. In this case, I have traced that descending purple TL back to sometime around November of 2016, which is nearly to the inception of dominance on this particular chart. In it's history, BTC.D has NEVER broken above our trend line with...
Bitcoin Dominance may be topping out here - a possible triple-top. Meanwhile many alts are bottoming vs. Bitcoin. A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms. This could occur as soon as next week. Other possible scenarios could be: Scenario 1:...
This analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios. 📉🔺Parabolic Move and Symmetrical Triangle: AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern. This pattern indicates a period of consolidation and uncertainty...
CRYPTOCAP:BTC.D BINANCE:BTCUSDT There are two scenarios for the start of a bullish rally in altcoins. Scenario 1: If Dominance fails to break above the 53.35 level, it will move towards the bottom of the pitch-fork. In that case, we will have a short but relatively intense and exciting rally in altcoins. Second scenario: With Dominance stabilizing...
Bitcoin Dominance ( BTC.D) is giving a fantastic trading setup. It's preparing a BIG Bullish Swing. From an Elliott Wave point of view, a bullish Impulse Wave is about to start. In this case I'm talking about Super-Cycle (C) (turquoise). Moving on to Harmonic Patterns, there are two: The smaller one is the Bullish Shark, which is preparing its completion. The...
Today, Bitcoin entered the key daily resistance zone of $69,654-$73,422 and is moving to the top of this zone. The price action with $69,654-$73,422 is very important. The daily candle closure above this zone will push Bitcoin price higher towards $78,223-$82,353. An inability to sustain the price action above $69,654 could push BTC price towards the minor...
Despite the fact that Bitcoin is breaking all-time highs and that some ALTcoins are already on the rise, Bitcoin dominance is actually still here and there can be space for more upside to complete a five-wave bullish impulse before Bitcoin dominance slows down and ALTcoin dominance kicks in. From Elliott wave perspective, we are tracking a bullish triangle in wave...
Traders, Just a quick note to keep you abreast on my still bullish Bitcoin bias. As you know, previously, I had thought that we might get a pullback to 48k before continuation to our inverse H&S target of 80k. But that was only if we could not close above our multi-year support/resistance from 2019. The bulls pushed right through that, a feat that is rarely...