BTC Dominance is moving inside a rising wedge pattern on the 3-day chart, which is considered a bearish pattern. You know what is coming in the next few weeks. Hold your Altcoins with patience.
hi traders BTC.D formed a rising wedge which is a bearish pattern. I think that we may see a breakdown soon which may cause an altcoin season. Can't say when exactly we will get a breakdown but I think it may happen soon, in the next weeks / months.. Altcoins seem to be cheap now as well, so buying some altcoins and getting ready for an alt season is the...
Hello I am so ok talking about this chart because I really have some basic issues with its structure but because some of you asked me to mark it in Elliott way, so I did it and I hope it works for us. The last rally of this trend obviously was an impulse but the end of this rally is probably going to make an Ending Diagonal and if it happens, we will see a sharp...
btc dominance will go to 57% after that go down and then we have altseason until that day find the best alts and buy step by step for a big alt season
Bitcoin dominance is an important chart indicator that reflects the flow of liquidity and market capitalization of bitcoin in comparison to the rest of the cryptocurrency market. Bitcoin dominance historically moves in cycles, with the flow of risky cryptocurrencies(altcoins) to less risky ones such as Bitcoin. This provides a signal of when to buy or sell your...
here is what i think about CRYPTOCAP:BTC.D for a long term around 2 years move. this is not an advice to buy or sell.
On this chart pattern, you can see Bitcoin Market Cap Domination which in my opinion is moving on a rising wedge. With the latest pump, BTC.D held the lower support trendline and is yet to touch the upper resistance trendline. Expecting it firstly to move on the upside and then to get refused on the 57.5%-58% upper resistance trendline, lose the support...
The climb is almost finished. It seems that the conditions have been prepared for the fall
Completing a neutral triangle pattern, we expect a drop to the minimum range of 52.30
BTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if...
may see a spike up before the down begins but its close looking for a close below range high or yellow line for confirmation of btc pairs getting ready to party for now corn takes over( dominance goes higher ) and then we get this party started ( alts btc pairs )
What is Bitcoin Dominance? Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that Bitcoin represents. It's a metric that shows how big Bitcoin is compared to all other cryptocurrencies combined. How Does Bitcoin Dominance Affect Altcoins? Generally, there's an inverse relationship. When Bitcoin dominance rises,...
A few coins went up Monday and Bitcoin made it to $63,000, causing people to declare "alt season now" and "correction over," because people are spastic and need engagement and/or hope. Charts looks awful across the board. Most coins are still down 90% from last cycle. We have not had a single whiff of a real altseason. Bitcoin has dominated this cycle, outside of...
The weekly chart suggests that BTC.D is near its peak in this cycle as it is in an area where 3 different resistances are present: 1- Long term weekly downtrend (yellow) 2- Supply/Resistance zone of 57.2% 3- 0.618 fibonacci retracement of 2021 major decline the combined effect of the mentioned resistances will most probably lead to another major drop in BTC.D...
When will the altcoin season come in 2024 ? Let's prepare for this cycle's huge altcoin bullish market 🚀 #BTC.D Righ now, I will share my personal experience to know when the altcoin season will come in 2024. Based on the 2016 and 2019 cycle, I know the important signs based on the BITCOIN DOMINATION CHART. Every time the BITCOIN DOMINANCE CHART make peak,...
Alt season incoming? what do you think? BTC dominance is still strong but is getting curved a lot.