BTC Dominance has finally reached an important monthly resistance at 71%. I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance . Here is the analysis about BTC dominance and Alts. condition in next few days. at you see in chart bitcoin dominance formed a cup pattern and killed almost all alt coins in past few days. as we approach to a major resistance at 64~ level (fibo level) i expecting Alt party at BTC dominance rejection. sooner or later this will happen and with current BTC . #BTC Dominance Chart Update: #BTC Dominance Currently trading at % 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 .
Btc dominance chart tradingviewBTCUSD — Bitcoin Chart and Price — TradingView
Christmas holidays are coming and traders in the stock market prefer to fix their positions. In case if big players are fixing positions on BTC, the nearest support level is at the price values of Bitcoin dominance touched On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on.
The B wave is completed with a Some Elliott Wave for you. I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for Finger Crossed. Anyone that bought the dip on Alts, very ballsy! Hat's off to you if it work out.
Today it looks like this. We will see BMLemon ReallyMe. ReallyMe , I like this idea but I think I'm too chicken to trade out into stables. I don't know if we put in the 4 wave or if we've completed 5 and we're putting in the corrective waves. One thing I think is interesting to note is how many of the Alts have formed complex WXY corrections and makes me think BTC could do the same thing, losing dominance until it's finally fully corrected and everyone is fully screwed.
ReallyMe BMLemon. Hi Everyone! Merry Christmas! It's not a bad idea to have another window up with the 3h, 6h and 12h time frames as well. What do yall think? Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!!
Hello everyone In my previous analysis even though I am bearish in bigger picture.. However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle.. Price broken triangle but need to close above green line and same time Green line need to hold as support.. Yesterday BTC aims towards local support orange line. After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target.
If we close above , we can expect This is a quick short-term update on Bitcoin. The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts.