TWO OPTIONS FOR BTC DOMINANCEHey everyone!
I wanted to update you on two option for the BTC DOMINANCE on the 3-Day.
With BTC dominance struggling to get above 71% & 73% it is possible that ALT SEASON is upon us. However, be ready. BTC can blast off at a moments notice leaving ALTS in the dust.
So, these are the two options I see for BTC dominance over 2020.
Be ready.
Who knows?
Good luck.
*Not financial advice*
ALT
ETH.BTC (Y20.P1.16).MACRO.Keep an eye on thisHi All,
I have seen many tweets about the ETH \ BTC paring weekly chart.
Many say that it has a massive potential.
So I thought I share this and point out a few things that are obvious and see what others think, would be nice.
MY THOUGHTS:
a) Downward wedge, bullish breakout potential;
b) We seem to be at a support range, with the 1st bounce and a lower high;
c) Pre-requisite might be that BTC dominance needs to be dropping significantly (currently in progress);
d) Potential reversal pattern might be in play on the daily. 3 major touches on the bottom and two on the top will do it?
e) Looking for a breakout of this 1 Daily chart before considering entry (daily chart below);
f) Daily EMAs acting as resistance at the moment, this needs to be reversed (1 of the conditions);
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Master.copy chart)
ETH\BTC Daily chart
Still a buyStill profit to be made. Expecting value to increase at least another 25% or so . Long story short... I have been invested. Just not as interested in notoriety and recognition as of lately therefore I am not as eager to share my opinion. It would be good to note that alternative currency may sap dominance from BTC and pump before the halvening. Thus it is presumed by yours truly that they shall certainly dump afterwards.
ETH (Y20.P1.E12).Macro.SummaryHi All,
Keeping it short and to the point.
> Most ALTS show signs of descent today or tomorrow including BTC (in this post)
> ETH made good ground like most ALTs however its completed the ARC pattern and hit is target for this round.
> Now pulling back for consolidation for a good bounce on the arc trendline or potentially the horizontal level.
This support area has confluence with the 50 EMA and the ichomoku on the 4 HRLY chart.
> It is unlikely to make new ground for that last spike.
BTC (5 min. chart) perspective
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
Ethereum ClassicI am now completely out of my ETC position from below $4.00.
Convincing breakout from the down trend. I'm looking to buy any and all high time frame dips for long term accumulation. I've outlined my two potential support areas below.
This could see a 300%+ moving over the coming year.
BTC Dominance (Y20.P1.E4).Still room for the upsideHi All,
I hope all of you have done well, even the XRP stubborn HODLers.LOL
Looking on the daily BTC dominance chart, we are in an uptrend on the macro level.
We also have a large ascending triangle formation, meaning we are having a continuation pattern to the upside.
Question is when will it break out of this pattern, to the upside?
Soon I would expect a pullback, potentially to the 8k level and maybe even to the inv. H\S neckline.
Now do we hit 8500 resistance or 8700 resistance or do we go down from here, 8450?
Not an easy question to answer if your shorting like me, selling at major resistances and hopefully buying back at major supports.
So be wise and use the BTC dominance charts so one can know when to "NOT go for the ALTs".
With the BTC dom.chart, I'm looking for some wicks on the daily to tell me when its the ALTs turn and hence sticking to my strategy, accumulate more BTC especially now with a strong breakout.
I believe the bottom has been set for BTC and the 6K region won't be EVER revisited, WOW.
But never say never, don't care if it does or not, just trade.
All the best with your trading, for are hopefully going to see some reward with our patience.
Please give a thumbs up or a like if you agree or just appreciate the effort.
Regards,
SSari / CryptoProspa
Close up, 4 HRLY chart
PREVIOUS BTC DOM. POST
CURRENT BTC TA
ALTS (Y20.E1.P3).My.Watch&Target.ListThe following are my short list to keep an eye out for, including LINKBTC
Mostly to go short and some potentially to go long.
ADA\Cardano (USDT) > 4 HRLY Chart
BAT (USDT) > > 4 HRLY Chart
BNB (USDT) > 4 HRLY Chart
Chilliz (USDT) > 4 HRLY Chart
ENIGMA (USDT) > 4 HRLY Chart
LINK (BTC) > 4 HRLY Chart
GoChain (BTC) > 4 HRLY Chart
EOS (USDT) > Daily Chart (going long)
KOMODO (BTC) > 4 HRLY Chart
XMR (USDT) > 4 HRLY Chart
DASH (USDT) > 4 HRLY Chart
ETH already posted
DASH/BTC
The others to watch
ONTBTC - keep an eye on
OMISEGO
XTZBTC
STRATBTC
USDT Dominance Can Show The Bottom of BTC's DowntrendAs I wrote about the USDT dominance before, USDT.D breakout the ascending triangle and absorbed money flow and dumped the whole market. As shown in the figure, it's the third time that USDT.D is poking at all-time high resistance. If breakout, the whole market will continue its downtrend. but the scenario that I expect is USDT.D and Bitcoin sideway for a couple of days. If BTC continues sideways, we would have Altcoins/BTC pairs in an uptrend.
Today`s ALT!!! POEBTCBINANCE:POEBTC
Exchange : Binance
Coin: POEBTC
Buy Zone: 0.00000026~0.0000024
Target Point: 0.00000028/ 0.00000031/ 0.00000033/ 0.00000035/ 0.00000038
S/L: 0.00000022
Risk: HIGH
Term: Middle - Long
You should be careful in buying POEBTC because of Bitcoin
It kept Up Trending Channel in spite of Bitcoin`s movement then it`s making Symmetrical Triangle
The Down Trending Line of The Chart and RSI are very similiar
The Volume is slowly down, it needs more time to pumping !!
Buy zone and S/L line is very far, so you must be careful to buy POEBTC
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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Altcoins In An UptrendTotal crypto market cap exclude BTC bounced from 0.786 Fibonacci level(59.73B) and passed 72B resistance and Ichimoku cloud and has been poking at 0.618 Fibonacci level resistance(77.13B) for more than 2 weeks. Consider that the double bottom at 0.786 Fib level confirms the beginning of an uptrend. So we expect altcoins to grow.