Bitcoin Dominance is Bullish. We just broke-out of a correction cycle, with the WXY correction cycle complete, after we had liquidity @51% which signalled a bull continuation, @52% we have another signal for the bullish move continuing. Just thought i should share, as this helps with also understanding why Bitcoin might be going up in confluence with the fundamentals.
The statement is made to stablish what I believe is obvious, but considering what I've been learning from all on CT, this is my opinion of course, not financial advice. BTC market share around 10T Total Market Cap would reach maybe 3.3 on present cycle, where ETH may reach 1.1 with SOL.D above it by small % maybe reaching 14% on a very tiny window. All behaviour...
BTC.D - bitcoin dominance - momentum fractals just taking a quick squiz at this dom chart. been neglecting this one. cycles of degen: bitcoin pumps again leaving most alts behind. select few alts pump with it or beat it % wise. btc dom flats out and another wave of alts pumps. everything dumps.
#BTCD #BITCOIN #DOMINANCE #Crypto #Market #DUMP #Soon #Eddy (("My analysis of BTCD"BITCOIN DOMINANCE" is like this, from my point of view, it is possible to track the position of short selling transactions on most currencies in the market.")) - What do you think? Have you checked BTCD in this time frame? Write me in the comments! - My confirmations are based...
Hey crypto traders, if you don't know about the Bitcoin dominance chart and why it matters for all you traders out there, listen up! So, picture this: the BTC.D chart on the daily timeframe is throwing some serious signals at us. It's like the crypto market's version of a head and shoulders pattern, and it's currently hanging out just above the 50% mark. The...
BITCOIN DOMINNCE is trading at daily support if it manages to bounce back we can see dump in altcoins soon.
While the Bitcoin ETF is on the news, ETH has now bottomed against the Bitcoin pair. Bitcoin dominance is breaking down of a bearish rising wedge and suggests dominance of King Bitcoin has likely topped. Do not get me wrong: this is bullish for Bitcoin itself !! However, a falling Bitoin dominance (which is bullish for Bitcoin) is utterly bullish for the...
We have a double-bottom on the monthly, which also looks like Wyckoff Accum when viewed from the weekly timeframe. It has already broken out and initially targets around 58%. Should that move break through the resistance between 58 and 71%, it could confirm a giant Adam and Eve pattern which could easily send Bitcoin Dominance back near 100%; potentially...
Hello Family! 10th January of 2023. We are hours away from the Approval, delay or Rejection of the Bitcoin ETF. We need to be careful since the Bitcoin price still needs to confirm the 30-32k area as a SUPPORT. WE've done this in every Bitcoin cycle after we created a BOTTOM structure and going into a RETRACEMENT. We are in the biggest RETRACEMENT levels. This is...
CRYPTOCAP:BTC.D most likely will drop and we will enter altcoin season. Rising wedge spotted in weekly time frame, my first target is around 47-49% for a potential retest or short consolidation or maybe invalidation. The main target is around 39-40%, prepare for altcoin season.
Currently bitcoin dominance is moving upside towards weekly resistance . We might see a bull run in altcoins if it bounce back from weekly resistance
CRYPTOCAP:BTC.D Hello Traders, please check out my previous ideas. As indicated in the chart, Bitcoin Dominance can return to the yellow range, near the pitchfork midline. BTC.D can reach Bollinger-midline then starts its downward trend. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱👤Otherwise, make sure you leave comments...
In the heart of the crypto storm, BTC.D, the dominance index, has gracefully taken a step back, and astute investors are spotting a golden opportunity amidst the volatility. Recent market movements have seen BTC.D experiencing a short-term decline, sending ripples through the crypto community. But hey, wise investors know that every dip is a potential launching...
The way it looks is that Bitcoin Dominance yet again approached and rejected our Fibonacci resistance. If that resistance holds, we do expect a strong, yet potentially short altcoin season. But remember, not all coins will produce super gains, only a very small portion of them. In our private channel we have shared those that we believe could be those "gems"
Bitcoin Dominance may move down to daily support around ~48-49%. Confluence: It has failed to remain above 53.2%, which is the bottom of a resistance area Not pictured: it has also lost the 50 day SMA and is presently pushing on the 50 day EMA It has formed a smaller rising wedge as it moved into resistance and broke down from the bottom of that wedge...
The alt party was due to the dropping of Bitcoin Dominance, which we mentioned in the previous post. Now two factors are correcting altcoins 1- The rise of Bitcoin dominance. Until it reaches the red box, altcoins can correct 2- The opening of a new weekly/monthly/yearly candle Reduce the volume of your buy/long positions, until Bitcoin Dominance reaches the red zone
BITCOIN dominance calculation in the short term: BTC Cap. Forecast: 870B ETH Cap. Forecast: 360B TOTAL3 Forecast: 750B so TOTAL Forecast= 870B+360B+750B=1.98T ~ 2T so BTC dominance= 870/2000=43.5% @JalilRafiefard December 22, 2023
After more than a year of an upward trend in CRYPTOCAP:BTC.D , There is a chance for a gradual ascent toward the upper boundary of the ascending channel with the potential significant correction at the beginning of the new year for Bitcoin We might witness a breakthrough above the upper boundary of the channel towards the 0.618 Fibonacci level or the upper...