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Btcdominance

Crypt Total Market Cap, Uptrend?This chart shows the total Crypto Market Cap, includes every coin on the market. The Fib levels are drawn from the Covid Crash to the ultimate November Top. Upon the bearmarket retrace we bounced of teh 0.786 support zone to reach current resistance at 0.618. There is a clear uptrend forming, now this is nothing to trade with imo, just important to note that this might be an area of support. BTC is strong and we can clearly see that when comparing to the "Total Crypto Market Cap excluding BTC and ETH" If there is more downside here i expect BTC Dominance to hit those 52%-55% levels and ETH dominance to hit 22%-25% while the Altcoin market will suffer greatly... I still like the odds and will be swapping some ETH into altcoins once all the economical announcements are made this week and the data is clear. Will also keep ammo for lower levels. One thing to keep in mind, its all about perspective, just imagine seeing these levels during the bullmarket. These are the "Ah man i wish i bought then" levels
CRYPTOCAP:TOTAL
by Suneater69
ETH Dominance one to look at. 25% coming?As mentioned in the related idea: BTC Dominance broke out and this is the main reason your alts are bleeding. Buy alts when dominance is high and sell them when dominance is low. BTC and ETH dominance both might be breaking out to test 52-57% and 22-25% respectively. Personally i dont think BTC dominance will rise much higher than 52% unlike ETH that might reach 25% considering the BTC/ETH pair chart is looking good and the hype around ETH and layer 2 solutions still unfolding.
CRYPTOCAP:ETH.D
by Suneater69
2
Bitcoin Dominance BTC.D. Bitcoin will outperform?Bitcoin Dominance trying to break a key level ~49%. If price stays on top of it, the rectangles target is around 58-60%. Bitcoin will outperform most of the alts at that point, and alts bleed against BTC. SEC has labeld some alts as securities so Bitcoin outperforming makes sense. For now. I'm interested to see how this weekly candle closes. Does it close above 49%? I also made an analysis from a micro-cap project which I think can 20-100x in few years. Check it here
CRYPTOCAP:BTC.DLong
by PalenTrade
Analysing BTC, BTC.D and USDT.DIf you check my previous ideas (can't remember if here or on a social I can't mention here because "rules" but you can figure it out) there was a small support which has been cleaned multiple times by BTC, so now next target is the 24-24.8K area. BTC is forming a bullish DIV but I think it's still too weak Both CRYPTOCAP:BTC.D (check this chart: )and CRYPTOCAP:USDT.D (check this chart: ) are going up showing that people are selling altcoins and moving money into Bitcoin and stablecoins. I don't show it here but even USDC.D is going up although it has a smaller share of the market. Meaning: despite what the crypto twitter influencers told you altseason is FAR, new lows has to be expected and I feel that my bearishness is now justified. However, by experience I can tell you that you'll recognize the bottom when it'll be too late so the only reasonable thing you can do is to follow this list: 1) identify the crypto you think have a good potential ROI; 2) start DCA; 3) don't throw insane amount of money in every buy, just be consistent, don't bet 4) JOLLY: buy more only if you've decent TA capability and recognize market reaches a point that it's likely to be the bottom Good luck
by Shotokhan
2
When I see this, I can't think of an alt-season.Look at the size of the reversal pattern that has formed. It looks like a year and a half long sloping channel. I put a 3D Renko to remove all noise, and left only VFI LF. That's the way it is. Regular bullish divergence and very persistent. I believe there can be no real (as we like 3-6 months, not these "2-3 day alt-seasons") alts pumps in 2023, because imagine how long it would take to work your way out of that pattern? It's shaping up to be an assault for 51% and then on to somewhere around 60%... Well you know, every now and then bitcoin stomps all the coins so that it leaves them wet. It's been too long since that happened. There was just a boring drop, but no real massacre. Now it's coming. P.S. I know there's plenty of bullish sentiment. Guys, don't forget that a fall requires just as long a consolidation at the bottom before a rise. So far we have a fall and no consolidation (weekly chart i mean).
CRYPTOCAP:BTC.DLong
by averkie_skila
10
BTC dominance ready for testing 44.40 %hello dear traders this is advanced price action of bitcoin dominance Where Will Quasimodo Generally Appear? Quasimodo pattern appears at all time frames. It occurs always after a significant rally. Then the market is manipulated to create liquidity. Where the retail traders are captured, the profitable trading opportunity is created there. Quasimodo is very reliable if used properly and can be seen on every timeframe from daily down to 1 min charts. What Should Be Remember To Trade QM Efficiently? Always look for fresh Quasimodo Demand/Supply zones, which are not tested yet. Make sure the distance between QML and MPL is not too high. If the distance is so high, risk will be increased and the Risk Reward Ratio will be poor. So, when the zone is small, the risk is also small and the expected reward is big. Never ignore level over level. QM is more powerful when an authentic opposite zone is engulfed. You can enhance your day trading strategies using this price action pattern. good luck
CRYPTOCAP:BTC.DShort
by mehdi_kb
Winning or losing a trade depends on your state of mind (2)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) Looking at the 1D chart, you can see that after a short but long uptrend, it recorded a pullback, creating the first gap. In the meantime, the HA-High indicator on the 1D chart rose and was created. Accordingly, it is necessary to ensure that funds are maintained at 81.839B or higher. Falling while creating a gap means that funds were outflowed through USDT, so we need to check the future situation. ---------------------------------------- (USDC chart) USDC is currently in a downtrend. Therefore, it is necessary to check whether the trend turns upside down. If not, and if it continues to show a downward trend, the coin market will not be able to maintain its upward trend and will likely fall sharply. Currently, it is judged that the funds that have flowed into the coin market through USDT are defending the price, but if USDT shows a decline, it is necessary to be careful because the withdrawal of funds from the coin market can occur quickly. The first thing to check is to see if USDC holds above the HA-Low indicator on the 1D chart. ------------------------------------------------ (BTC.D chart) BTC dominance is good to look at to see if funds are concentrated towards BTC or towards altcoins. This is because any other method of interpretation will rather complicate your thinking. ------------------------------------------------- (USDT.D chart) An increase in USDT dominance can be interpreted as a high possibility of a downward trend in the coin market. Therefore, it is highly likely that BTC, the number one coin market by market cap, will show a downward trend. The reason is that when trading on coin exchanges, the USDT market is as large as the BTC market. Because various coins (tokens) can be directly traded with USDT, changes in USDT dominance can be interpreted as reflecting the overall trend of the coin market. Therefore, support and resistance points formed on the USDT dominance chart cannot be used to directly trade coins (tokens). However, since you can know the flow of money in the coin market, you will eventually be able to see the chart of the coin (token) you want to trade and use it as a reference for creating a trading strategy. This is because you can figure out whether the flow of funds is moving toward buying or selling, so you can find the timing of your trade accordingly. -------------------------------------------------- Following the DXY chart description, the same explanation is given to the USDT Dominance chart. If you think these two explanations are different, we recommend that you read them several times in more detail. The fact that your psychological state is starting to fluctuate due to price fluctuations means that the flow of funds is changing. That's why, without knowing it, your own psychology starts to fluctuate. In order to stabilize this psychological state, it can be stabilized through appropriate transactions. Therefore, if you hold a coin (token), you can get some psychological stability by checking the movement at the support and resistance point and confirming the profit or loss by selling a certain amount. If you do not own any coins (tokens), you can take your own psychological stability by purchasing a certain amount. In order to trade, you must make your psychological state stable. If you proceed with a transaction without achieving this, there is a very high possibility that the transaction will eventually fail. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT.DEducation
by readCrypto
Exploring Bitcoin and Altcoin DominanceIntroduction The dynamic landscape of cryptocurrency trading is filled with a multitude of variables that traders need to comprehend to navigate the financial waters successfully. One such vital aspect of understanding is the relationship between Bitcoin Dominance (BTC.D) and Other Cryptocurrencies Dominance (OTHERS.D). This article aims to provide an in-depth insight into this relationship and its long-term trends. Bitcoin Dominance: What is it? Firstly, to understand the relationship between these two, we must grasp what Bitcoin dominance implies. Essentially, Bitcoin dominance illustrates the ratio of Bitcoin's total market capitalization relative to the aggregate market capitalization of the entire cryptocurrency market. Expressed as a percentage on a scale from 0 to 100, it signifies the proportion of Bitcoin's capitalization compared to the total market capitalization. Other Cryptocurrencies Dominance (OTHERS.D) Similarly, Other Cryptocurrencies Dominance (OTHERS.D) represents the total market capitalization of the top 125 altcoins, excluding Bitcoin and some other leading cryptocurrencies. It reflects how the altcoins are faring against the total market cap in the crypto market. Correlation Between BTC.D and OTHERS.D Now, the crucial question is, why should we care about these percentages? The significance of this relationship is revealed through the Correlation Coefficient indicator, which quantifies the degree to which these two indices move in relation to each other. A Correlation Coefficient value of +1 indicates a strong positive correlation, signifying that both instruments tend to rise or fall simultaneously. Conversely, a correlation coefficient of -1 represents an inverse relationship, meaning when one instrument rises, the other falls. A coefficient of 0 suggests no apparent correlation, implying that the two instruments move independently of each other. Historical data reveals that the correlation between BTC.D and OTHERS.D is often around -0.9. This suggests an inverse relationship where an increase in Bitcoin dominance typically corresponds to a decrease in altcoins dominance, and vice versa. This correlation is significant as it guides traders on whether to shift their focus towards Bitcoin or altcoins. Long Term Trends When we delve deeper into the long-term trend analysis of BTC.D and OTHERS.D, a broader picture begins to emerge. This broader view becomes more apparent when we visualize these trends, with Bitcoin dominance (BTC.D) represented in orange and Others.D in red, which allows for a clear discernment of an inverse correlation trend. Over time, Bitcoin dominance, as depicted by the orange trend, has tended to display a downward trajectory. This indicates that Bitcoin's proportion of the total market cap has been steadily diminishing. In stark contrast, Others.D, represented in red, has shown a long-term upward trend. This indicates that the dominance and capitalization of altcoins are gradually rising relative to the total market cap. Conclusion Understanding the symbiosis between Bitcoin Dominance (BTC.D) and Other Cryptocurrencies Dominance (OTHERS.D) is instrumental for navigating the cryptocurrency trading landscape effectively. A clear trend, observable over the long term, shows a steady decrease in Bitcoin dominance juxtaposed with a corresponding increase in altcoin dominance. This evolution might be attributed to several factors. One of these could be the proliferation of new cryptocurrencies entering the market. Another factor could be the progressive advancement of blockchain technology, which is steadily pushing the envelope of modernization. It is essential, therefore, to regularly analyze and monitor the BTC.D and OTHERS.D charts. Spotting a distinct trend in either direction could offer valuable insights for your investment strategy. Attempting to follow these trends can potentially provide advantageous trading opportunities. The beauty of Bitcoin's design lies in its transparency. Nowhere else is the flow of capital as visible as in Bitcoin. This visibility lends a unique perspective, providing traders a strategic edge. By embracing this, you can bolster your understanding of these market dynamics, facilitating more informed and effective trading decisions in the fluctuating world of cryptocurrency. Thank you for reading this article. I hope it has provided you with a useful insight into the relationship between Bitcoin Dominance and Other Cryptocurrencies Dominance, thereby enhancing your understanding of cryptocurrency trading. Your pursuit of knowledge in this ever-evolving field is commendable. Stay informed, stay ahead! Best Regards, Karim Subhieh
CRYPTOCAP:BTC.DEducation
by KarimSubhieh
3
BTC.D still building up and 40K target remains.Haven't shared this in a while. This is a 3D Wyckoff BTC.D Accumulation chart. And we have been in the final climax buildup zone for a while, and whenever we go to 3D Breakout resistance line at 49%, we dump and whenever we tap the Buildup Support line at 47%, we pump. So, nothing has changed from this perspective, and we can pump to 40K as per this. Just to be clear I am not saying we will rally to 40K, it's just I have been tracking this chart since BTC entered the 3D build up zone and 40K is a target I had based on this chart and so far, nothing has changed. Another interesting thing to note here is the volume divergence, In the chart to the bottom which shows btc price I have highlighted the Volume supported move in yellow lines and volume divergent moves in blue, the previous volume divergent move gave us a bottom at 15K, and we are again seeing the same volume divergence with this dump from 31K. Again, this does not mean we are about to pump; the volume divergence can continue for a while (Weeks and months) there is no technical limit to it, but we usually see a pump if we see a level hold for a long time with volume divergence. What is volume divergence? Volume divergence takes place when we see volume in a downtrend when an asset is trending. So whatever trend the asset is in, up or down we want to see either volume go sideways or up with it , but if we start to see volume go down with a trending move , that's divergent volume , it means less and less people are willing to participate in the current trend which ultimately lead to complete exhaustion of people from the trend and a reversal follows with volume convergence.
by zakoraio
Market Cap Chart: Money MovementHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) (USDC chart) Looking at the USDT chart, it can be seen that a lot of money is flowing into the coin market, rising above the previous high of 82.467B. However, if you look at the USDC chart, you can see that there is a constant outflow of funds. I think this movement can be interpreted as individual investors' funds are constantly flowing into the coin market, but institutional investors are leaving their funds out of the coin market. The reason why USDT is interpreted as an individual investor is that it is used as a channel through which individual investors can easily move funds because USDT supports trading pairs on exchanges around the world. In particular, the main power of this USDT is expected to be Chinese funds. USDC is still a stablecoin that has limited support for trading pairs on exchanges around the world. Therefore, I think it is highly likely that the forces that move funds through this USDC are American funds. I think the leadership of the coin market has shifted from Chinese capital to American capital. This move is expected to make the coin market a transparent investment market. However, as the possibility of being affected by movements in the capital market increases, the volatility is expected to gradually decrease. -------------------------------------------------- ------ (BTC.D chart) Looking at the BTC dominance chart, a volume profile is formed in the 47.64-48.80 section and the 56.78-61.73 section. So, if it rises above 48.80, I would expect it to rise around 56.78-61.73. I think that the reason why it starts to be affected by the movements of the world economy is because, as explained in USDT and USDC, American capital is leading the coin market. The variable for this movement is that funds from individual investors are continuously flowing into the coin market. This influx of funds is expected to drive the upward trend of the explosive coin market at some point. This explosive rise will drive the rise in BTC price, which is expected to increase BTC dominance. Therefore, I think we should observe the flow under the premise that BTC dominance will rise around 56.78-61.73. It is actually unknown whether the price of BTC will rise or fall due to the rise in BTC dominance. This is because BTC dominance can tell whether funds are concentrated in BTC or altcoins. This is because the concentration of funds is relative, so if a lot of funds are withdrawn from the altcoin, BTC dominance may rise. Therefore, I do not think it is correct to interpret that BTC price will rise as BTC dominance rises. -------------------------------------------------- -------------- (USDT chart) I think the first chart you should come across to understand the Coin Market Cap chart is the USDT chart. This is because USDT has the highest market cap among stablecoins and has become an important stablecoin that supports trading pairs on exchanges around the world. Therefore, I think that the change in USDT dominance can be used to understand the overall trend of the coin market. When USDT dominance declines, the coin market is likely to show an uptrend. Thus, USDT dominance allows you to know how to proceed with a trade depending on whether it is a rising or falling candle. Since these movements are likely to move against the BTC price chart, they can help interpret BTC price fluctuations. If USDT dominance rises above the 7.86-8.25 range, the coin market is likely to plunge. This is because the current section is an important section. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT.DEducation
by readCrypto
2
Looking at the Market Cap chart, the coin market trendHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) The new high (ATH) continues to rise, creating a gap. (USDC chart) Contrary to USDT, USDC remains in a downtrend, still gapping. Therefore, it is necessary to countermeasures against this as it can limit the rise of the coin market or cause a sharp decline. The countermeasure against this trend is not to find a time to split and sell, but to find a time to buy and sell. Misunderstanding this and proceeding with split selling or selling 100% and then buying when it fell will increase your psychological anxiety, and you should be careful as you may proceed with a wrong transaction and continue to regret it in the future. BTC 29K or less is a buy zone from a mid- to long-term perspective. However, since BTC rose above 29K and then fell below 29K, it is recommended to confirm the trend reversal before proceeding with the purchase. Otherwise, if you proceed to buy when it is down, this will also increase your psychological anxiety. In the process of trading, if you focus only on profits without considering your own psychological changes, you will eventually increase the possibility of trading in an erroneous way due to psychological factors. Therefore, trading to obtain more profits is important, but more importantly, it is important to establish a trading strategy that can minimize the psychological anxiety and burden caused by trading. (BTC.D chart) We should think with a focus on the fact that BTC dominance will maintain its upward trend. The reason is that there is a BTC halving next year. Therefore, as more people want to trade BTC, it is expected that BTC dominance will rise regardless of BTC price fluctuations. This uptrend is expected to meet volatility as it rises around 56.78-61.73. If this volatility turns BTC dominance into a downward trend, it is expected that the coin market will face a period of altcoin pumping cycle. If that is not the case, and continues to rise, I expect to see volatility again around 70.03. (USDT.D chart) It sits near 7.52 as it moves through the May 15-17 volatility period. Therefore, it is necessary to check whether there is a movement out of the 7.27-7.86 section. Since the USDT dominus once rose in the 6.85-7.27 zone, the key is whether it can be resisted around 7.86-5.25. If it does not and rises, it is expected to renew the new high (ATH). A rise in USDT dominance means a fall in the coin market. At this time, the important thing is to be careful when trading altcoins as the price destruction of altcoins can be serious according to changes in the BTC price. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
2
The meaning of the sequence is...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- (BTCUSDT.P chart) (1D chart) In order for the head and shoulders pattern drawn on the chart to be completed, resistance must be found below 26907.0-27486.4. If not, it's just an incomplete pattern. Therefore, it is necessary to check whether it rises along the uptrend line around May 10 (May 9-11) and finds support around 27486.4-27976.1. It is necessary to check whether the M-Signal of the 1W chart and the M-Signal of the 1W chart can be crossed to make a regular arrangement. This is because the regular alignment signals of these medium- and long-term indicators present important inflection points where new trends can be formed. Therefore, if it falls below 26907.0 and completes the head and shoulders pattern, there is a possibility of a sharp drop, but from a mid- to long-term perspective, it is expected that the possibility will increase due to the large buying force. Therefore, the mid- to long-term transition point is 1st: 24294.1-25882.9 2nd: 20853.8-23129.6 It is expected that a direction change will be made by touching the 1st and 2nd vicinity above. When such a change in direction takes place, it is expected that the 3rd wave of the Elliott wave will proceed. This move is expected to provide one last good buy point for the medium and long term. I kept saying that altcoins are not the time to trade now. In order to invest in altcoins from a mid- to long-term perspective, you should proceed with the first purchase and wait when the value is less than 29K. Then, when the BTC price soars and rises to around 43K, the altcoins will show a cyclical upward trend, and the second purchase must be made according to the cyclical upward trend. If not, investing in altcoins will be applied as an insecure factor that amplifies one's own psychological insecurities. Then, the full-fledged buying period for altcoins is when they show support around 43K. When the BTC price rises above 43K, the reason why you should proceed with buying altcoins in earnest is because now is the time to intensively buy BTC or ETH. ------------------------------------------ (BTCKRW chart) The HA-High indicator on the 1W chart is about to be created at the 37821000 point. Therefore, it is necessary to make sure that it can rise with support around 37821000. If it falls below 37243000 and finds resistance, you should check for support around 35539000. It is important whether the M-Signal of the 1W chart and the M-Signal of the 1M chart can create an orderly arrangement as they intersect, and whether the price can be maintained beyond the range created by the regular arrangement. This is because these moves come at a critical time for medium and long-term trend reversal. The next volatility period is around May 15th. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. 81K-95K is the range we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
Money flooding the market, but...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT chart) The declared price (ATH) has been updated. Therefore, more funds are being concentrated in the coin market. This concentration of funds will eventually increase the coin market. --------------------------------------------- (USDC chart) However, the problem is that USDC has no power to start an uptrend due to the outflow of funds. USDT believes that individual investors' funds and Chinese funds account for a large proportion. I think USDC is likely to be funds from American institutional investors. Therefore, I think that the current coin market is being influenced by American capital. Therefore, it is expected that the coin market will start to rise only when USDC turns upward. -------------------------------------------------- --------- (BTC.D chart) BTC dominance remains bullish. This decline is starting to show that the Bollinger bands on the 1D chart are contracting. Therefore, the trend is expected to be determined by whether it finds support or resistance around 47.64. Since a lot of money is flowing into the coin market through USDT, the coin market is expected to rise. That uptrend is expected to lead to an uptrend in BTC going forward. Therefore, BTC dominance is expected to remain bullish. Rising BTC dominance means funds are concentrated towards BTC, making altcoins more likely to move sideways or trend down. Therefore, if you currently place a lot of weight on altcoins, you should think about countermeasures. This phenomenon is expected to continue until BTC nears 43K. -------------------------------------------------- --------- (USDT.D chart) Whether funds flow in or out of the coin market, whether the inflow is concentrated towards BTC or altcoins, what matters now is whether USDT dominance is rising or falling. USDT is supported by all exchanges in the world and is a stablecoin. Therefore, USDT trading pairs have a great influence because most coins (tokens) are traded in the market. In this sense, we believe that the rise and fall of USDT dominance reflects the influence of the overall flow of the coin market. An increase in USDT dominance means that it is likely to proceed with a decline in the coin market. Conversely, a drop in USDT dominance means that it is likely to lead to an uptrend in the coin market. This movement can be useful when trading in the coin market. The question is whether the volatility between May 15th and 17th can lead to a move out of the 7.27-7.86 zone. -------------------------------------------------- ------------------- Summarizing the above, The coin market appears to be on an uptrend. However, you are not waiting for the starting signal at the starting line. Therefore, you need to warm up well so that you can make a proper start when you are waiting for the starting signal at the starting line. A bullish start is the rise of BTC, which will lead the coin market to an uptrend, which will cause most altcoins to move sideways or downtrend. However, when BTC rises and moves sideways, it is expected that there will be an increase in altcoins, but be careful when trading altcoins because this upward trend is to buy more BTC. If BTC continues its uptrend, you will naturally look towards altcoins because you think the BTC price is too high. This mentality leads to buying altcoins, which is likely to result in losses. This is because it is thought that only the altcoin I bought will not rise. Therefore, in order to proceed with buying altcoins, you must be able to continue buying over a long period of time. If not, buying an altcoin now means incurring a potential loss. Well, if you can buy it and hold it until next year, it will be different. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
2
Altcoin Strength Indicates Dominance Will Drop!Traders, As outlined in this mornings video, altcoins remain relatively strong as compared to Bitcoin. This is a bullish indicator that alts may be gearing up for a bit of a run in the next few weeks/months. Another chart to keep a close eye on, of course, is our BTC.D (Bitcoin Dominance) chart which is currently showing a bearish Head and Shoulders pattern. Have this chart on your list for future observation. It is fair to become more aggressive alts once that neckline breaks. Best, Stew
CRYPTOCAP:BTC.DShort
by stewdamus
3
BTC.Dominance Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed, everything according plan. Main Target zone: 45.5 - 44.5% cancellation of scenario - consolidation above 48.9% Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
CRYPTOCAP:BTC.DShort
by trytofeelpositive
3