Dominancebtc
BTC domi, a fib playI am looking for wave B to complete as it is over start of wave A and a wave C to follow down as per the chart. Currently within the 1 - 1.27 fib zones where I am looking for reversals.
If it doesn't happen, BTC will go to 80%+ in next months.
BTC.D will be rejected and ALTSZ start??Hi trader's. Btc.d is In the face of it's resistance, we expect a fall to the specified point. if this scenario happens this will be a very good opportunity for buying altcoins .
Bitcoin Dominance Downtrend, Big Altseason ComingBitcoin dominance is in a downtrend in the weekly chart. We have not seen such a downtrend after the epic bull run of 2017. The next 2 weeks are the deciding weeks and we see a good rise in altcoins. Bitcoin is also trading in a range of $18,000-$19500 from the past few days. That will give some air to alts to rise. Bitcoin dominance should break the 60% level after that we see a huge rally in alts. Hold your alts tightly, A big wave is coming.
bitcoin dominance - bearish ScenarioAlthough there are mixed signals (Bearish and Bullish) but I am more interested in the Bearish scenario
We have a rising wedge pattern after a bullish wave (which is a sign of retracement)
This is a continuation pattern .
See my similar analysis for LINKUSDT
The order block corresponds to the 0.618 Fib
If the chart fails to rise above the resistance area, we will have a second Bearish wave
<< This scenario is invalid after closing above 782 fib >>
Bitcoin Dominance and Altcoins Party Update in this Analysis#BTC Dominance Chart Update:-
#BTC Dominance Currently trading at 64.42%
This is good level for Altcoins trading.
If We enter at this moment then Risk reward ratio is Low.
Mean Low Risk High rewards.
I can expect BTC dominance can go high 65.50% so This is entry price for Altcoins.
But If dominance closed above 65% then we will exit with small loss.
So I am searching Good Altcoins for entry.
Resistance:- 65.50%
Support:- 58% / 56% / 53%
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#Bitcoin Dominance Mid-Term Analysis using VPVR IndicatorHello there ladies and gentlemen , BulloTaurus here with some Educational Bitcoin Dominance Chart Analysis.
For the past months we had an amazing bull run so far! Bitcoin broke all previous resistances like there were none of them!
We still didn't saw a massive volume spike on exchanges, mostly because this time we have Institutional Investors join the game that have their own private offers to buy bitcoin what doesn't always show on graphs.
Thanks to VPVR ( Volume Profile Visible Range) indicator that is available only in Premium Plan from TradingView, i can show you something very important again.
We can see that at 67% we have a huge demand zone, this is illustrated perfectly thanks to VPVR.
VPVR displays trading activity over a specified period and plots a histogram on the chart which reveals dominant and significant price levels based on volume and in essence gives a clear indication of Supply or demand at a certain price rather than volume in a certain period.
Traders that use this indicator try to use it as a support or resistance confirmation.
Based on previous HVN (±64%) we might have a dip up to 60% in the next following weeks. HVN = High Volume Nodes or HVN are represented as peaks of volume on VPVR indicator, they usually mean that there was a lot of demand in the market at a specific price. These Nodes form when price spends a great amount of time at a certain price level, usually as a consolidation.
If the price leaves the HVN, like we have right now on CRYPTOCAP:BTC.D chart, we might see the drop that i explained earlier, basically like losing the resistance.
Conclusion
Volume Profile Visible Range is used frequently by professional traders, CRYPTOCAP:BTC.D might not be the best example of how this indicator might work to show all its potential. Personally i expect a dip in Bitcoin Dominance Chart, holiday season might also contribute to this short-mid term down movement.
Trade wisely and don't forget risk management and setting your stop-loss.
I will keep updating this Educational Material with fresh examples and show its full potential.
Peace.
BTC BIG MOVE coming this weekendI think BTC will be making a big(at least 5%) move this weekend/Monday. I'm not exactly sure what direction since BTC has been chopping for the past days and being unpredictable/muddy in general. Looking at this BTC chart you can see that BTC dominance has been steadily grinding up after BTC showed weakness at 19600, since then money has been flowing out of altcoins causing them to retrace most of their previous upmove. This means people are exiting their altcoin positions in anticipation of a big BTC move. Follow me to see my updates on this range. At the moment of writing BTC is at 18980.
BTC Dominance declineSeems BTC dominance uptrend support is broken. And now moving within a downward channel. If support breaks at bottom of channel we could see another alt season.
bitcoin is King, but the jokers have their placeAltcoins are casinos. And everybody loves a casino. This is to see what happens with my squiggles.
God Bless.
Bitcoin Dominance Chart and Altcoins Big Move Coming soon#BTC Dominance TA chart Update:-
#Bitcoin Dominance Dump hard as I told you guys.
And I also told you buy Altcoins at resistance of Dominance chart at 66%
Hope you are very happy if you followed my analysis.
Now..?
Now still we can see Altcoins pump hard but we can see some corrections in altcoins.
So Guys keep an eye on below point:-
Support:- 60%/57%
Resistance:- 65%
So Buy Altcoins at Resistance level and Sell the Altcoins at Support level.
Hope you happy with our Analysis.
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BTC Dominance Breakout! Time for BTC SeasonBTC dominance break out from the support zone. One more resistance(descending trendline) to break before the real BTC season starts.
The BTC.D will keep moving until 80% (The colored rectangel) have been reached, after that comes the ALT season.
BTC.D Showing Signs of Weakness / Hidden Bearish DivergenceIs this the time for ALT's to shine a bit in the bull run? Dominance showing hidden bearish divergence on the weekly.
BTC D. No need premature panic.Yes, the dominance makes the growth after a long enough correction. But I see that it is still a downward wedge. Up to 66.2, I do not think the trend has changed. Also, if you turn on the weekly chart and look at the Ishimoku clouds, that cross of death on Kijun-sen and Tenkan-sen still has not been cancelled. This is just a fairly tangible correction.
BTC.D , carshing party ??if this breaks out from here and closes above 67.3 alts will have bad time
for alts to continue having fun, dominance needs to close below 63.7 soon
Bitcoin Dominance Answers: Altcoin SZN, or another DEAD SZNHey!
This is price action analysis for BTC.D (bitcoin dominance over altcoins).
During next couple of month there is an opportunity for short-term alt season, but we need to see all options.
So importance level are at 66.66% dominance, if price going to break one we going to see huge dump of alts, I can say -50% from current prices over couple of months.
Another hand is more likely we will get an short alt season if btc.d% break down from 65% towards 62.20% this will make alts huge pump. Speaking from my experience it might be over 2x-5x on certain coins/tokens
Check the chart and if you like the visuals, let me know by pressing like.
Stay tuned!
BR,
Artem Shevelev
alt coin season coming?Crossing the ma 50/d will be a massive signal of a reversal
crossdown macd it's just append..
the channel is broken..
let's see...
Which maximalist are you ?1 Orange coin vs Altseason
Today on coinguekcko
Coins: 6019
Exchanges: 408
Market Cap: $449,813,748,595
24h Vol: $79,452,890,716
Dominance:
BTC 64.5%
ETH 10.9%
USDT 3.78%
CoinmarketCap:
Coins: 7 597
Market: 32 255
MarketCap: €374 494 098 803
Vol 24h: €164 455 142 889
Dominance BTC: 64.3%
BTC.D crucial zone to watch for part 3.Hello everyone,
This is closer view (5h chart) for previous ideas. I think the local BTC.D top is very close. Lot of major altcoins have bullish divergence forming & BTC.D is reaching the point of a previous GAP and forming opposite conditions (bearish divergence)
So if you saw my previous BTC.D charts this is just closer view for them for easier tracking.
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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Bitcoin Dominance Big Update ( Altcoins Big Bounce Time )#BTC Dominance TA Updates:-
#BTC Dominance currently 65.85%
66% Level is very big resistance for BTC Dominance.
2 Scenarios:-
1st:- If Dominance Rejected from this strong resistance then I can expecting Altcoins to bounce from here and show some recovery if Dominance gets Rejected from the upper long term TrendLine Resistance.
And I personally Expecting Altcoins 2x minimum from here.
2nd:- But If breakout upward 66% Resistance then Exit all Altcoins.
I can expect 30%-50% more dump if dominance Breakout 66% resistance level.
Now...?
If You entered in altcoins please keep in mind your risk reward ratio
Because I can expect low risk high rewards.
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