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Tolberti
19 Feb 2021 pukul 08.01

BTC.D Bitcoin Dominance - ALT SEASON! +Weekly Head and Shoulders 

Market Cap BTC Dominance, %CRYPTOCAP

Huraian

Bitcoin Dominance Weekly Chart (BTC.D)

- On the chart we can see 2x Head and Shoulders Pattern.
- Currently the second one is bearish and the price is currently on the HaS neckline support.
- You can trade this upcoming breakout of the pattern simply by buying altcoins. Or by exchanging bitcoin for altcoins.
- As you can see we have a double top reversal pattern on the weekly swing highs (September 2019 and December 2020).
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- 200 weekly moving average can serve as a resistance in the near future.
- Don't miss my upcoming updates and new ideas.
- A question is where is the target. We can target 0.618 FIB retracement + bottom of the trendline + Head and Shoulders (conservative target).
- If you want to see more of these ideas, hit "Like" & "Follow"!


Komen
Trader2018up
Hello and thanks for the chart. How does the BTC/ALT pairs behave against the BTC dominance? Thanks in advance!
Tolberti
@Trader2018up, Hello, the same as BTC.D, but on the opposite dirrection. Short BTC.D and LONG for example EOS/BTC..
Tolberti
Post your questions, comments and related ideas about Bitcoin Dominance here. I am answering to all comments!
II_godfather_II
@Tolberti, What is the time frame to reach this area?
Tolberti
@II_godfather_II, @II_godfather_II, We do not know yet, first we need to wait for the breakout day. But it will take months most likely.
Lebih