SpartaBTC

Bitcoin dominance Formation of an ascending wedge before halving

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
Bitcoin dominance chart by market capitalization. Perhaps an upward wedge will form before halving. Then a strong drop in the dominance of bitcoin and pumping altcoins. I showed the zone for a more likely reversal on the chart, although the entire zone for observation is the line of the uptrend.

You also need to understand that the situation can change quickly if domination breaks the uptrend line (red line) and consolidates below it. This will mean the beginning of a downtrend and the beginning of a full-fledged pump of the viola season in which most already do not believe, and this is a good sign.

Domination is for a long time near this trend line of the uptrend, and the further in time, the situation is heating up. Sooner or later we will see her breaking through. I think everyone is looking forward to it.
Comment: At the local level, something like a cup with a handle has formed, if there is a breakthrough in the resistance of this formation, this figure will be confirmed. The potential for increasing dominance from resistance at the local level is about 4%.
Comment: Comparison of trends. BTC domination - halving + LTC - halving.
Comment: the rising wedge is broken. Perhaps the domination will return to the previous support of the wedge (already resistance).
If the dominance of Bitcoin continues to decline - this is a FULL PUMP OF THE SEASON.
Comment:
Comment: Everything is going according to plan.
An important zone of support for the dominance of the BTS has broken through. Altcoins begin to pump up. So far, only with a small capitalization.
Now there are 2 important levels of support shown in the idea, everything is decided from them
Comment:

Comments

Soon come mini alt run perhaps - thanks for update
+1 Reply
SpartaBTC shimmeringpath
@shimmeringpath, Thank you
Reply
Comment removed.
Cryptorphic Cryptorphic
@Cryptorphic, lol your views!
+1 Reply
SpartaBTC Cryptorphic
@Cryptorphic, Thank you
Reply
I don't know - Btc seems to be front running The Halvening and just broke 9800 - Dominance could have a nice rise again - but alts would definitely do well after that when it came down again
Reply
SpartaBTC shimmeringpath
@shimmeringpath, May rise to the previous support of the rising wedge (now resistance to domination).
Reply
@SpartaBTC, 70 ?
Reply
SpartaBTC shimmeringpath
@shimmeringpath, Under the red line of the wedge. % depends on how it stretches over time.
Reply
Yeah I was looking dominance chart earlier - basically agree - nice chart Sir.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out