Get started

Btcd

BTC.D Bitcoin Dominance - Elliott Wave + Alt Season!- Update for BTC.D chart on the weekly timeframe. - The chart is showing us that bulls are forming an ascending triangle. - Which is something we do not want to see, if we want ALT SEASON! - However, i bealive the index will continue to drop down after the triangle plays out. - The triangle can also morph into a bear flag, which is something we want to see on the other side. - This is my Elliott Wave count, if you have something better, please let me know in the comment section down below. - 200 moving average is a strong resistance, so keep that in mind! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
11
What to do with Altcoins? 🤔🤔Many people ask for an analysis of altcoins. What to do? When to buy? When to sell? I get questions like this in my personal messages every day! Let's figure out what to do. The bitcoin dominance chart clearly shows that the price has broken away from the significant 40 mark. After that, it has been moving in an uptrend for a month, which is not good for altcoins. The price has now entered a zone where the fate of all altcoins will be decided. Bitcoin dominance - 2 scenarios: a)If bitcoin dominance breaks the upper resistance level, then all altcoins will start to decline further and the best solution is to sell. b) If bitcoin dominance breaks the lower support level, it will be a good buying opportunity and the altcoins will rise well. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
CRYPTOCAP:BTC.D
by Yuriy_Bishko
19
Bitcoin Dominance - New Take: Possible New ATL forming for BTC.DI used to think we would reach ~50-53% for sure, perhaps even re-test ~60%, and then head down towards 36%, stopping there and heading back up. While this is still possible, I am starting to believe that BTC dominance may find a new bottom this cycle @ ~32% or even lower, and ~47-48% may be our stopping point before heading down to our new ATL. Here's why: 1.) BTC.D confirmed a double top when we broke below 53%, and that gave us a minimum target of 32%. It's still possible we re-test 53% @ the neckline of where we broke down, but the break was super strong, so 47-48% seems more likely 2.) ALTs haven't yet had a big run against their BTC pairings. However, Ethereum offered us a preview of what this could look like a few months ago when it made its last high. Whereas, alts have yet to catch up with ETH, and they look primed to do so. On the other hand, ETH still looks bullish vs BTC as well. We may not yet see a "flippening" of ETH vs BTC, but ETH and some of the more promising new alts may eat away at some of Bitcoin's dominance again. Let's see what happens. Previous ideas linked below under related ideas.
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
4
BTC.D Resistance LineLooks like BTC.D is fighting a previous line of support, I know it wants to break through, and will but its just a matter of when. Will DeFi or Alts have another chance to fly or will the market continue to fall with more liquidity being pulled out of Alts into BTC and stable coins? Not trading advice. If you have a mortgage on the line, or have put in more than you can afford to loose in crypto please be very careful and MOST OF ALL do not, i repeat, DO NOT listen to me!
CRYPTOCAP:BTC.D
by NFVeej