BTC dominance keep on growing. Considering period between September 21st and October 5th was consolidation before new series of waves started, now we have second wave on the go.
While USDT prices follow BTC alts are still crawling at the bottom. Many formed potential double bottom on daily charts. No guarantees they won't dump lower, but risk reward ratio at these levels seem to be good. What can postpone alts season? BTC breakout above 59.5k
@CryptoTrades #Dominance
While USDT prices follow BTC alts are still crawling at the bottom. Many formed potential double bottom on daily charts. No guarantees they won't dump lower, but risk reward ratio at these levels seem to be good. What can postpone alts season? BTC breakout above 59.5k
@CryptoTrades #Dominance
Just before I review BTC (which actually didn't move at all, so not much to add), lets take a look at BTC dominance which is killing alts 3 days in a row.
Different picture at TradingView and Binance charts. At Binance BTCDOM broke out August high. That chart doesn't have longer history, so its at ATH now. At TV chart breakout didn't happen yet. In fact it looks quite different with dominance only got above September SR level and now moving to August high. Does it mean that Binance chart is fake or TV calculation is lagging? Don't know. But the direction of that move is the same. It means that we may expect pullback after the bullish impulse but while in uptrend dominance will always have bigger up impulses than pullbacks. Nevertheless pullback to 1160 is still possible (for BTCDOM). Taking profits there.
@CryptoTrades #Dominance
Different picture at TradingView and Binance charts. At Binance BTCDOM broke out August high. That chart doesn't have longer history, so its at ATH now. At TV chart breakout didn't happen yet. In fact it looks quite different with dominance only got above September SR level and now moving to August high. Does it mean that Binance chart is fake or TV calculation is lagging? Don't know. But the direction of that move is the same. It means that we may expect pullback after the bullish impulse but while in uptrend dominance will always have bigger up impulses than pullbacks. Nevertheless pullback to 1160 is still possible (for BTCDOM). Taking profits there.
@CryptoTrades #Dominance
Forwarded from Wise Analyze Premium scalps
Careful with alts. They did pull back after I posted warning yesterday, but its not yet over. During last two days BTC dominance changed most of charts reversing down everything that looked bottomed or bullish.
Right now BTC is either going up (uptrend favor that move) or finally pulling back (if 57.7k resistance withhold the pressure). In both cases Dominance will grow up so alts will drop more. Consider entering lower or taking a pause and wait through the storm.
P.S. Profits always come with risk. So losses are inevitable. Our goal is make more on winners than we lose on failed setups. BTC move down by 3% will push alts much more. Therefore if you plan dip buys make sure they are at 5-8% from current values.
@CryptoTrades #Dominance #BTC
Right now BTC is either going up (uptrend favor that move) or finally pulling back (if 57.7k resistance withhold the pressure). In both cases Dominance will grow up so alts will drop more. Consider entering lower or taking a pause and wait through the storm.
P.S. Profits always come with risk. So losses are inevitable. Our goal is make more on winners than we lose on failed setups. BTC move down by 3% will push alts much more. Therefore if you plan dip buys make sure they are at 5-8% from current values.
@CryptoTrades #Dominance #BTC
Crypto Trades
Dominance pullback begins. time for alts to bounce. @CryptoTrades #Dominance
That was a nice timed alarm. Most pumped.
Now within 1145-1170 SR. If lose that value will drop lower to 1118-1126.
Resistance at ~1175 divide this chart from bullish reversal and retracement.
@CryptoTrades #Dominance
Now within 1145-1170 SR. If lose that value will drop lower to 1118-1126.
Resistance at ~1175 divide this chart from bullish reversal and retracement.
@CryptoTrades #Dominance
Crypto Trades
Dominance pullback begins. time for alts to bounce. @CryptoTrades #Dominance
Dominance pumping back to POC and potentially can grow above towards ~1217 (SR where I posted last signal for alts to pump). Taking some loses (in Premium as well) in longs but mostly preparing dip buys as once BTC finish the impulse alts will recover back.
@CryptoTrades #Dominance
@CryptoTrades #Dominance
Crypto Trades
Dominance pumping back to POC and potentially can grow above towards ~1217 (SR where I posted last signal for alts to pump). Taking some loses (in Premium as well) in longs but mostly preparing dip buys as once BTC finish the impulse alts will recover back.…
Weekend started with some fresh air for alts. Dominance pulling back to POC after yesterday's breakout.Overall dominance state - bullish (= bearish for alts). So I recommend to choose your trade pairs wisely and stick only to those that shown themselves strong during previous choppy stage.
@CryptoTrades #Dominance
@CryptoTrades #Dominance
Crypto Trades
Weekend started with some fresh air for alts. Dominance pulling back to POC after yesterday's breakout.Overall dominance state - bullish (= bearish for alts). So I recommend to choose your trade pairs wisely and stick only to those that shown themselves strong…
BTC dominance bounced from POC and continue uptrend. Now in between 1200 and 1220 SR. Going long on the next dip to hedge alts longs.
@CryptoTrades #Dominance
@CryptoTrades #Dominance
Crypto Trades
BTC dominance bounced from POC and continue uptrend. Now in between 1200 and 1220 SR. Going long on the next dip to hedge alts longs. @CryptoTrades #Dominance
BTC dominance pulled back to 1150-1160 support. There is a bearish divergence between two higher highs so it is possible we will see it pulling back in future, but before that I expect a bounce to 1200-1220 zone at least (unless it lose 1150 SR before). Consider that when taking longs - alts started growing but may pull back to previous SR zones on their charts.
@CryptoTrades #Dominance
@CryptoTrades #Dominance
Another factor is BTC dominance. As you can see on that chart its about to break the trendline. It doesn't necessarily mean that it will grow high (nearest resistance at 1135), but alts should pullback on that move (if it happen). So that is another precaution from entering on the top of bullish candles 😉
@CryptoTrades #Dominance
@CryptoTrades #Dominance
BTC dominance slowing down retracement momentum. This may potentially lead to bounce towards 1110 - 1135 zone. Before that pullback to 1040-1050.
In the nearest time with BTC pullback alts should pump. But in mid term if BTC will be growing dominance shitty alts (meme coins, weak charts and etc) should be ignored.
@CryptoTrades #Dominance
In the nearest time with BTC pullback alts should pump. But in mid term if BTC will be growing dominance shitty alts (meme coins, weak charts and etc) should be ignored.
@CryptoTrades #Dominance
Crypto Trades
BTC dominance slowing down retracement momentum. This may potentially lead to bounce towards 1110 - 1135 zone. Before that pullback to 1040-1050. In the nearest time with BTC pullback alts should pump. But in mid term if BTC will be growing dominance shitty…
BTC dominance got to 1113 👌
Now pulling back to 1040-1050. Expected it to pull back before hitting 1110 SR but the sequence was different.
In any case - taking profits when BTC dominance is at 1040-1050 range should be a wise decision. At least partial.
@CryptoTrades #Dominance
Now pulling back to 1040-1050. Expected it to pull back before hitting 1110 SR but the sequence was different.
In any case - taking profits when BTC dominance is at 1040-1050 range should be a wise decision. At least partial.
@CryptoTrades #Dominance
Crypto Trades
BTC dominance got to 1113 👌 Now pulling back to 1040-1050. Expected it to pull back before hitting 1110 SR but the sequence was different. In any case - taking profits when BTC dominance is at 1040-1050 range should be a wise decision. At least partial.…
Unfortunately BTC dominance didn't dip to support I indicated and bounced earlier. Now at breakout zone. Sooner or later will pump above it.
Time to buy the dips is either now at 1110 resistance or after breakout in between 1135-1150. Second option is safer.
@CryptoTrades #Dominance
Time to buy the dips is either now at 1110 resistance or after breakout in between 1135-1150. Second option is safer.
@CryptoTrades #Dominance
Crypto Trades
Unfortunately BTC dominance didn't dip to support I indicated and bounced earlier. Now at breakout zone. Sooner or later will pump above it. Time to buy the dips is either now at 1110 resistance or after breakout in between 1135-1150. Second option is safer.…
BTC Dominance made an attempt to breakout - not yet clear if that breakout will be confirmed today or we will see it pull back to ~1080-1090 before the real breakout. Target stay the same 1135-1150.
Another surprise scenario is when BTCDOM falls down to ~1040 instead of bouncing from 1080-1090. Frankly I hardly see it happening, but just had to mention it.
@CryptoTrades #Dominance
Another surprise scenario is when BTCDOM falls down to ~1040 instead of bouncing from 1080-1090. Frankly I hardly see it happening, but just had to mention it.
@CryptoTrades #Dominance
BTC Dominance seem to breaking the middle of consolidation range on weekly chart. What does it mean? Possible move towards upper border of that range at 47.7-48.8%.
After that all kind of possible scenarios, but most probable pullback and then final breakout to 51.5-52.5% at least.
P.S. I love trading alts so I kind of hope my forecast is wrong 😅 But since it is week timeframe this breakout may happen only in the 2nd part of April, so there is time.
@CryptoTrades #Dominance
After that all kind of possible scenarios, but most probable pullback and then final breakout to 51.5-52.5% at least.
P.S. I love trading alts so I kind of hope my forecast is wrong 😅 But since it is week timeframe this breakout may happen only in the 2nd part of April, so there is time.
@CryptoTrades #Dominance
BTC dominance chart. In addition to Alts Bull Market chart to have a wider sense of potential future scenarios. Now BTC Dominance is bouncing. That means that most of alts (those with weak or fake trends) will pull back. Once BTC.D engage 42.3-42.7% SR zone there will be two possible scenarios:
1) Rejection and drop lower to ~40% - that scenario is bullish for alts vs BTC.
2) Breakout and growth to 43.6% resistance with potential for reversal and growth higher to 44.6% and above. This scenario is bearish for alts vs BTC.
USDT prices depend on Bitcoin price. So if Bitcoin price grows Alts vs USDT can also grow even with dominance rising. But in this case you must be very careful about what you trade. Choose only coins with strong trends.
@CryptoTrades #BTCDOM #Dominance
1) Rejection and drop lower to ~40% - that scenario is bullish for alts vs BTC.
2) Breakout and growth to 43.6% resistance with potential for reversal and growth higher to 44.6% and above. This scenario is bearish for alts vs BTC.
USDT prices depend on Bitcoin price. So if Bitcoin price grows Alts vs USDT can also grow even with dominance rising. But in this case you must be very careful about what you trade. Choose only coins with strong trends.
@CryptoTrades #BTCDOM #Dominance
BTC dominance broke out. Close above 46.54% will eventually take it to 47.7%
In general bullish reversal at this moment look like an established fact. BTC dominance may pull back to 43-44% at some moment (whatever will be the reason for that miracle to happen), but on high timeframe it tend to grow higher, breakout 47.7% and get to 58-60%. How long will it take hard to predict - maybe 2-3 months.
@CryptoTrades #BTCDOM #Dominance
In general bullish reversal at this moment look like an established fact. BTC dominance may pull back to 43-44% at some moment (whatever will be the reason for that miracle to happen), but on high timeframe it tend to grow higher, breakout 47.7% and get to 58-60%. How long will it take hard to predict - maybe 2-3 months.
@CryptoTrades #BTCDOM #Dominance
Crypto Trades
BTC dominance broke out. Close above 46.54% will eventually take it to 47.7% In general bullish reversal at this moment look like an established fact. BTC dominance may pull back to 43-44% at some moment (whatever will be the reason for that miracle to happen)…
BTC dominance look very close to 3rd impulse that should take it to 47.7% and eventually to the top of this consolidation channel at 48.9%
Long term targets remain the same - 58-60%.
@CryptoTrades #BTCDOM #Dominance
Long term targets remain the same - 58-60%.
@CryptoTrades #BTCDOM #Dominance
Crypto Trades
BTC dominance look very close to 3rd impulse that should take it to 47.7% and eventually to the top of this consolidation channel at 48.9% Long term targets remain the same - 58-60%. @CryptoTrades #BTCDOM #Dominance
BTC dominance pumped to 48.45% 👌🏼 And today jumped out of the window 😅 Guys, if that move continue down then BTC bottomed. At least till BTC dominance find next support. Nearest strong levels on the chart are 45.5%, 44% and 42.9%
@CryptoTrades #BTCDOM #Dominance
@CryptoTrades #BTCDOM #Dominance
Crypto Trades
BTC dominance pumped to 48.45% 👌🏼 And today jumped out of the window 😅 Guys, if that move continue down then BTC bottomed. At least till BTC dominance find next support. Nearest strong levels on the chart are 45.5%, 44% and 42.9% @CryptoTrades #BTCDOM #Dominance
The funny thing about current market state is that alts against BTC actually don't look that bad. And as I forecasted in previous review 4 days ago BTC dominance going down which might be a good indicator that BTC should find the bottom soon.
@CryptoTrades #BTCDOM #Dominance
@CryptoTrades #BTCDOM #Dominance