BTC dominance ready to pop UP ?I dont know if pattern analysis can be made on this type of chart.
Lets assume it can be done, if the fomo kicks in even harder then the target for BTC dominance will be 97%
What do you think about it ?
Btc-dominance
Alt Season - next wave startingAfter reaching $11,200 -- BTC needs to correct and alt coins need a chance to catch up.
I think the next 1 to 3 weeks will be a rapid bloom time for the alt market but it could all be over by the middle of July!
Let's review.
Regarding BTC, $11,100 represented the 3.618 Fibonacci advancement line, when measured from the bottom to the tip of the first wave. This is often the tippy top price of a 3rd wave.
The next major price milestone will be $15,498, representing the 5.618 line and the next number in in the fib sequence. If BTC doesn't have a major correction or slip back into a bear market, this is the price I would target for the 5th wave.
Looking at Bitcoin's Dominance, we can see it made an impressive run and market take over beginning on June 14th. I noticed a lot of my alt coins pumped hard (but for like 15-20 minutes) on June 13th.
By applying a Gann fan to BTC.D, we can see the level perfectly, and I do mean perfectly bounced off the last wedge, which is often a major resistance line.
Directly above it, we have the resistance line generated by the previous high.
BTC Dominance might recover between the 2/1 and 3/1 wedge but it will be only temporary before resuming downward.
Look for BTC.D to reach and breach 59
Here is what I think will happen.
Bitcoin will maintain it's price above $10,000 for probably a week or so. Probably at least through next Tuesday when the US and China meet.
While BTC's price is kept at this level, BTC will flow into alts, causing them to rapidly bloom over the next 1-3 weeks.
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BTC Dominance (TA) - need to keep an eye out It seems we need to keep a close eye on this, as I wasn't paying attention to it.
When I looked at some ALTs, some of them did OK.
It really depends on how this stage, how BTC drops and recovers, as it can create room for the ALTs to jump in
Updated details from the original forecast >
Before
Bitcoin Dominance/ When Alt Season?I know everyone is so itchy and calling for alt season, but it simply will not come until this bitcoin dominance chart reverses trend. The shaded area is the key level. Once this breaks down and below that we could see alts turn, but as of now, it is holding as support and bouncing meaning, death the most alts. This means money is flowing out of alts, and into bitcoin and this will act as the gas to propel BTC to 9000 and likely 9800-10,000 imo. Alts are risky until bitcoin is done running, watch this chart it is your key indicator, not crypto twitter... Long BTC, not alts.
BTC Market Cap Dominance - Last Bull Market Fractal Repeating?I am seeing a fractal repeating. The time frame may not be as what I indicated. I wonder ....
TIME TO DANCE WITH THE ALTSUsually, Btc dominance go down means Alt marketcap go up which means Alt time. This is expected to take place within the next 15-20days after which btc will take over again. good luck and be careful not to pick shittest of the shitcoin
Ripple is at Bottom Support .. Ripple BINANCE:XRPBTC is decreasing from 9000 Satoshi to 7000 satoshi.
7000 satoshi is work as a support in prev. months, Price is almost stay there, Due the increasing the BTC dominace, the price breaks the 6900 satoshi, & now sitting at 5800 satoshi..
Technically,
RSI is almost oversold zone.
Price needs to break the downtrend , for bullish rally.
