BTCDOMUST.P trade ideas
BTCDOM | FALLING WEDGEBTCDOM has been trading in a falling wedge .
Let's understand what BTCDOM means
Binance BTCDOM Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin . The BTCDOM Index is a metric that traders can use to quickly get a sense of Bitcoin's value relative to that of the broader cryptocurrency market.
The BTCDOM Index provides insights into the market and can be used as a tool to speculate on Bitcoin’s relative strength against altcoins. Essentially, the index measures the demand for Bitcoin relative to altcoins.
In short, When altcoins gain market share relative to Bitcoin , the BTCDOM index loses value. Conversely, when Bitcoin gains market share relative to altcoins, the BTCDOM index will gain value.
Technically speaking, the BTCDOM is trading in a falling wedge , Which is a bullish pattern .
The price is trading near the upper wedge .
Bitcoin Dominance UpdateIt looks like Dominance has broken all the hearts that believed in a huge alts rally!
Bitcoin Dominance (Tradingview) bounced from near the 40% area and it is expected to continue with bullishness, that too with Inflation data release waiting up tomorrow.!
Entry : 1326
Target : 1473 (0.5 of Fibo)
Stop : 1243 (Current day candle low)
Total no. of Analysis : 18
Successful trades : 12
NPNL : 3
Stop Hit : 2
Lost : 0
In Progress : 1
Bonus target is 0.618 of fibo ( 1557 ) in a worst case scenario.
Safe trading!! Cheers!!
BTC doom IHNSThis is what I'm worried about if I go long in alt coin when btc dominance price is above the EMA
and we see cleared bullish breakout candle and now btc dominance need corection to last resistance become suport
and its become IHNS, for ALT coin best for short oportunity
disclaimer on
always dyor
BTCDOM | ON THE RISEBTCDOM on the rise? what does it mean?
Let's understand what BTCDOM means
Binance BTCDOM Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin. The BTCDOM Index is a metric that traders can use to quickly get a sense of Bitcoin's value relative to that of the broader cryptocurrency market.
The BTCDOM Index provides insights into the market and can be used as a tool to speculate on Bitcoin’s relative strength against altcoins. Essentially, the index measures the demand for Bitcoin relative to altcoins.
In short, When altcoins gain market share relative to Bitcoin, the BTCDOM index loses value. Conversely, when Bitcoin gains market share relative to altcoins, the BTCDOM index will gain value.
Technically speaking, the BTCDOM is looking bullish after forming inverse head n shoulder pattern and likely to move upside.
What do you think of the idea?
we might see alt coin bullishOn LTF there is a bearish pinbar and a strong bearish candle
if continue correction and not a strong bullish candle again
we might see alt coin green
i expect btc doom continue down
disclaimer on
dyor
i see look like thisi just wait what will happen here
it can be IHNS patern if price can break resistance
or it can reject and go down
im just waiting more candle again for more information to next move
BTC Dominance heads and shoulders patternYes, it's early to predict but we have left shoulder, head only right shoulder is missing but in future we get the rights shoulder as well then we saw the downtrend rally and in the other hand BTC rally will hopefully in uptrend so, keep on eye on Dominance and trade safely
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BTC.D Update Nothing really has changed apart should get a strong rally here from BTCDOM to pullback crypto market... Then Bull time for ALTS ONLY.
BTCDOM/USDT - 22082022Possible inverted H&S on Bitcoins dominance with neckline being around 1250 and target at 1335.
BTCDOM bullish flag retest doneBTC Dominance Flag breakout on 30min chart and will successfully retest
So I am expecting towards 1300$ rally
Fib Time & Price Analysis of BtcdomI don't watch to say much about my analysis but all in all let us look on how it is going to playout.
btc.d analysisAs we can see that BTC,D was following a major trendline from very early stage but this week we can see it to be broken, Which can resulted to be the pump in ALTs. so be ready to get rich #naf #dyor
BTCDOMINANCE testing support, if it breaks altseason soonBTCDOMINANCE is testing KEY support, that are rekting altcoins since november 2021, if it will break we will see strong move in altcoins, if it will bounce we could see the bearish movement on market.
BTCDOMINANCE JUST BREACK OUTBTCDOMINANCE JUST BREACK OUT resistance area if close above we can see fl to next a small supply area 1425$ and It is possible to break it and continue up to 1450
BTCDOM/USDTThe break was a good sign to open short position , but after re-reaction the support zone so here is the signal detail
buy : 1418.1
sell in T1 :1389.1
T2 : 1393
T3 : 1374.11
www.binance.com
BITCOIN DOMINANCEBTCDOM/USDT looking bullish we have a STRONG Support Trendline on Dominance and we have Demand Zone on 15min timeframe im waiting for this move on BTCDOM
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Bitcoin dominance BTCDOMThe stride is changing. The steepness of the rise is coming. Bitcoin dominance shall rise and other Alt coin shall dive!!!
BITCOIN DOMINANCEBTCDOM/USDT just watch Bitcoin dominance starting to push down this plays a big role on Bitcoin where you can see a big Resistance zone on this chart if that resistance cant broke we are Bullish with BITCOIN for my opinion we can Take 22000$-23000$ if Dominance start to drop more down But if that resistance Broke We are Bearish and we comming first 19000$--16000$----14000$
ENJOY
$BTCDOM/USDT 4h (#BinanceFutures) Evening star on resistanceBitcoin Dominance just printed a reversal pattern with a shooting star on top, seems ready for a correction.
www.binance.com
Alt coin can ddeep more Btdom can be in a continous consolidation. We can get an higher ....... Attention big volumes can come
