Welcome to this brief Analysis of Bitcoin Dominance.
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It seems altcoins season is around the corner. I'll be looking out for 45 - 46% level (end of current wave E) for a reversal of the current bullish trend in dominance. The resulting bearish trend may take us to about 37%. In the meantime, I am cautiously looking for good trade set-ups in altcoins.
Bitcoin dominance is currently moving up aggressively and it may leave a potential 4h demand zone around 43.7%. It is currently testing a 4h supply zone however as we have a level of equal highs i am expect it to sweep that area before any downward movements towards the 4h demand. Waiting for candle closure for confirmation.
We can clearly see a rising wedge forming on the 1d chart also evident on 4hr and 1W chart.Only a matter of time before it plays out and targets will be around 41.80% from there it will slowly begin a trend downwards.
Don't fret,just stay calm and start accumulating alts.
Bitcoin Dominance is above weekly descending resistance but this weekly candle is still open.
🐮 if this weekly candle close above descending resistance it will head up to long term resistance zone around 50%, that can force BTC drop
🐻 and if this weekly candle going to close below descending resistance, it is possible that drop to support of 39%, and help...
#Bitcoin Dominance TA Update:-
#BTC dominance currently trading at 43.44%
This is Critical level.
Resistance level = 45%
If Dominance break 45% level then best strategy will be exit from Altcoins.
Because we can see Altcoins REKT.
But IMO now we can see small Altcoins sessions from here.
If 42.50% break down then Ready for small Altcoins sessions.
In this post, I'll be explaining a simple approach to the cryptocurrency market, and how you can refer to the Bitcoin Dominance Chart (BTC.D) to maximize profits.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at...
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Welcome to this BTC DOMINANCE update. Bitcoin dominance is inversely proportional to Alts means when BTC.D starts dumping altcoins starts their rally and vice versa. Currently, BITCOIN Dominance sitting at support.
BITCOIN Dominance makes a rising wedge pattern in the daily...
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Everything on the chart.
Target zone: 35-30%
cancellation of fall - consolidation above 48%.
Good luck everyone!
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Bitcoin dominance is still consolidating between the 2h demand around 43.25% and the resistance at 43.4%. Both have been tested multiple times so both levels are now weak and i am still waiting for the breakout. We should expect it coming into next week.
2017 repeat? A few events coming up, Europe and NATO shot SWIFT in the foot making them lose thousands of transactions in Business while Binance and Coinbase are hestitant to ban Russian citizens that don't even support what Putin is doing in Ukraine. SEC/Ripple lawsuit seems to favor a win for Ripple, coming hearing in April. Doge-1 Mission to the moon has been...
Now that we can see BTC is potentially re-entering a bull market, I really want to assess the dominance to understand what its performance could be like compared to the alt space. As you can see, BTC dominance has entered what appears to be a HUGE trading range, with the topside resistance around 74% dominance, and the bottom support around 40% dominance. What we...
Welcome to this extensive analysis BTC Dominance.
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Now, let’s get to the chart.
BTC Dominance is following the previous chart so far.
Although there's some initial...