Heyy traders, it’s Skeptic from Skeptic Lab! 💙 Dropping a red-hot update on Bitcoin and the crypto market to catch the next big wave. We’re diving into the Daily timeframe and market dynamics to track where the money’s flowing. here’s the play:
✔️ Daily Timeframe
As we flagged in my last Bitcoin chart, the $120,000 level is a liquidity magnet with heavy action. The July 14 candle tried breaking it but failed, leaving a downward shadow showing strong seller presence at this level. Plus, last week we hit the 4-week pivot point on the Weekly, and as expected, we’re now ranging around $120,000. Does this mean we ditch crypto? Big NO.
📊 Bitcoin Dominance (BTC.D)
Let’s zoom in on BTC.D—it’s gone sharply bearish, with yesterday’s candle screaming capital exiting Bitcoin. Traders who profited up to $120,000 are locking in gains and moving funds elsewhere. So, what’s the story?
📉 Which Altcoins? Here’s the trick: check pair/BTC ratios. For example, to pick between Solana or Ethereum, compare SOL/BTC and ETH/BTC. The one with a stronger uptrend is soaking up more liquidity from Bitcoin.
🔔 Key Insight: This liquidity flow game is a game-changer for crypto traders. Want a full dominance tutorial? Let me know—it’ll show you how to track where the money moves and which coins get the most action.
🔼 Key Takeaway: Bitcoin’s ranging at $120,000, but altcoins are heating up as BTC.D drops. Hunt for altcoins with bullish pair/BTC charts to ride the liquidity wave. Risk management is your lifeline—cap risk at max 1%–2%. I’ll catch you in the next analysis—good luck, fam! <3
💬 Let’s Talk!
Which altcoin are you eyeing? Hit the comments, and let’s crush it together! 😊 If this update lit your fire, smash that boost—it fuels my mission! ✌️
✔️ Daily Timeframe
As we flagged in my last Bitcoin chart, the $120,000 level is a liquidity magnet with heavy action. The July 14 candle tried breaking it but failed, leaving a downward shadow showing strong seller presence at this level. Plus, last week we hit the 4-week pivot point on the Weekly, and as expected, we’re now ranging around $120,000. Does this mean we ditch crypto? Big NO.
📊 Bitcoin Dominance (BTC.D)
Let’s zoom in on BTC.D—it’s gone sharply bearish, with yesterday’s candle screaming capital exiting Bitcoin. Traders who profited up to $120,000 are locking in gains and moving funds elsewhere. So, what’s the story?
- Bitcoin broke its ceiling after 168 days, surging 10% to $122,000. Buyers took profits, pulling liquidity out.
- Where’s the money going? Let’s test two theories:
- USDT? Nope. USDT.D is also bearish.
- Altcoins? Bingo! TOTAL2 (altcoin market cap) smashed its Daily resistance at 1.34 after months, signaling liquidity flooding into altcoins.
📉 Which Altcoins? Here’s the trick: check pair/BTC ratios. For example, to pick between Solana or Ethereum, compare SOL/BTC and ETH/BTC. The one with a stronger uptrend is soaking up more liquidity from Bitcoin.
🔔 Key Insight: This liquidity flow game is a game-changer for crypto traders. Want a full dominance tutorial? Let me know—it’ll show you how to track where the money moves and which coins get the most action.
🔼 Key Takeaway: Bitcoin’s ranging at $120,000, but altcoins are heating up as BTC.D drops. Hunt for altcoins with bullish pair/BTC charts to ride the liquidity wave. Risk management is your lifeline—cap risk at max 1%–2%. I’ll catch you in the next analysis—good luck, fam! <3
💬 Let’s Talk!
Which altcoin are you eyeing? Hit the comments, and let’s crush it together! 😊 If this update lit your fire, smash that boost—it fuels my mission! ✌️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.