What is #Bitcoin Dominance?

#Bitcoin dominance is the share of #bitcoin in the crypto market’s overall value. It is calculated by dividing BTC’s market cap by the total cryptocurrency market cap.

Traders have used #Bitcoin dominance to help understand whether #altcoins are on an up or downtrend against bitcoin. For example, one popular theory is that the crypto market is heading into a bull market if #altcoins are trending up. In 2017, for instance, a significant decline in #Bitcoin dominance signaled altcoin prices skyrocketing (rather than #BTC price declining), coinciding with the entire market entering a #bull phase.

Important things to note that, standalone, these dominance charts will not helpful. Use thus with other confluences like, #Bitcoin major levels, Greed & Fear Index, Market Sentiment etc.

#AION USDT is pumping hard. The position give a peak profit of 62.51%. Book profit and hold the rest with trailing stop loss.

Here's the analysis of #RLC :

#RLC is been slowly gaining momentum over the past period and moved above the major level of $1.496 - $1.644. Structure looks bullish and wait for a pullback for entries. Around $1.857, and below will be a high probable area. If market remains healthy, then price is expected to reach till major resistance level of $2.53 - $2.68

#BITCOIN DAILY OUTLOOK :

#BITCOIN on daily TF forming an Ascending Broadening Wedge Pattern and rejected sharply from the major resistance last week. Well, there's bit choppy now, a break below would be a bearish sign. Alternatively, a bounce above can here, potential break above the major resistance level of $24,150 - $24,600. Until then keep an eye on this pattern 👀

#OCEAN is been continue to push higher as expected and easily achieved the mentioned targets. Price made a high of $0.5774, which is 77.5% in profits. Secure all Position here, I hope you enjoyed the call.

#DXY Analysis :

#DXY(Dollar Index) is been bullish on monthly TF, and showing a weakness on Weekly. Index bounced off from the strong support around 101.63% - 101.94% and this bounce lead into the #Bitcoin corrective move. Index need a break below of the support, for healthy market movement. If the rise continues, and breaks resistance around 104.87% then we can expect a reversal in market.

We are buying #ARPA here

ARPA is ready for a moonshot 🚀

Now is the right time to build your position in ARPA for massive profits in short term🚀🚀

#ARPA/BTC BUY/LONG CALL

Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.

Targets: 209-275-335-400 satoshi

Stop if 1D close below 163 satoshi

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So if you guys missed #MDT #ARPA is your second chance✌️

https://bitcoinist.com/arpa-and-alibaba-led-group-set-to-introduce-the-ieee-shared-machine-learning-standard/

#ARPA/USDT BUY/LONG CALL

Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀

Targets: $0.04823-0.05575-0.06785-0.08550

Stop if 1D close below $0.03780

What is #DXY (Dollar Index) ?

The US Dollar Index (#DXY) is a measure of the value of the US dollar relative to a basket of six major foreign currencies. The index is designed to provide a snapshot of the US dollar's performance against a basket of other currencies that are considered to be its most significant #trading partners.

The #DXY is widely followed by currency traders, financial analysts, and investors, who use it as a benchmark for the value of the US dollar. The index is also used to hedge against currency risks and to evaluate the performance of international #investments.


Why #DXY is Important ??

It's worth noting that changes in the US Dollar Index can have a significant impact on the global financial markets, as a strong or weak US dollar can affect the prices of #Cryptocurrencies, #Commodities, #Equites, #DXY Bonds, and other financial instruments. A rising #DXY typically indicates that the US dollar is strengthening against other major currencies, while a falling #DXY suggests that the US dollar is weakening.

Exciting things ahead for #ARPA community ✌️

#ARPA moved in a quick span of time and achieved the 1st target of 209 Satoshi's. Price made a high of 223 Satoshi, which is 18.6% in profits.

#ARPA in #USDT pair also did the same and made a high of $0.0515, which is 19.6% in profit. Secure your partials as per given take profits levels and enjoy 📈📈

Here's the analysis of #MATIC :

#MATIC making some serious Higher Highs and reached towards the structural resistance around $1.257 - $1.227. Price need a breakout of the zone to move higher, but there's a major resistance just above around $1.329 - $1389. Not looking any sort of setup, wait for the opportunity.

#DOCK continues to push and made a high of $0.02749, which is 36.6%, its almost the 2nd target, so lock-in some more profits.

#DOCK in #BTC pairs also performed well and made a high of 120 Satoshi, which is 43.4% in profits. I hope you're enjoying our free signal.

Notice of Removal of Trading Pairs - 2023-02-10

https://www.binance.com/en/support/announcement/7ec33a2d62974c3490b92ff0780ba461

#BTC didn't shown any major movement, price just took support inside the consolidation range and back to the resistance now. Still having bullish expectations over it but the picture will be more clean, if we see a Breakout any side, till then range will continue.