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📊 Bitcoin Dominance Analysis 📚 BTC.D Time Frame - Weekly 👉🏻I've been travelling since last week so can't post charts from desk, so kindly apologize for unmethodical charts. Looking at the Dominance chart weekly, I can clearly see Bearish divergences on RSI & MACD in weekly candles with confluence in bull divs on many weekly charts for large cap alts. Lose 54% and we should see some liquidity shift into $alts during the summer. 👉🏻PS :- I don’t believe this is alt season but a first glance at a small liquidity shift for alts. Real alt season should start from Q4 2024. But over-all time for accumulation will be gone soon. I just wish you guys won't end up being coinless waiting for that final dump 😉 @CryptoPM #CRYPTOPM

📊 Bitcoin Dominance Analysis 📚

BTC.D

Time Frame - Weekly

👉🏻I've been travelling since last week so can't post charts from desk, so kindly apologize for unmethodical charts. Looking at the Dominance chart weekly, I can clearly see Bearish divergences on RSI & MACD in weekly candles with confluence in bull divs on many weekly charts for large cap alts. Lose 54% and we should see some liquidity shift into $alts during the summer.

👉🏻PS :- I don’t believe this is alt season but a first glance at a small liquidity shift for alts. Real alt season should start from Q4 2024. But over-all time for accumulation will be gone soon. I just wish you guys won't end up being coinless waiting for that final dump 😉

@Crypto PM #CRYPTOPM

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A potential bullish breakout from a falling wedge pattern for the SUN/USDT pair. Here’s a more detailed analysis based on the chart: 1. **Falling Wedge Pattern**: This is a bullish reversal pattern, often signaling a potential trend change from a downtrend to an uptrend. The pattern is identified by converging trend lines that slope downward. 2. **Breakout Point**: The chart shows a breakout above the upper resistance trend line of the wedge, which is marked by a dashed line. This breakout suggests the end of the downtrend and the beginning of a potential upward movement. 3. **Resistance and Support Zones**: - **Support Zone**: Marked near the 0.0123 USDT level, this area has acted as a price floor, preventing further decline. - **Resistance Zone**: Located around the 0.0175 USDT level, this is the target area where price might face selling pressure. 4. **Volume Profile**: The visible volume on the right side of the chart indicates where most trading activity has occurred. Increased volume near the breakout point can be a strong confirmation of the bullish move. 5. **Moving Average (MA 50)**: The 50-period moving average is shown and might act as a dynamic support or resistance level. In this case, it seems to be slightly above the current price, indicating potential resistance. 6. **Target Price**: Based on the breakout and the chart’s projection, a potential target is the resistance zone around 0.0175 USDT. This aligns with the measured move technique often used in wedge patterns, where the price could rise by the same height as the broadest part of the wedge. ### Strategy Considerations: - **Entry Point**: Consider entering a long position at or just above the breakout level, ensuring confirmation of the breakout with sustained volume. - **Stop Loss**: A stop loss could be placed below the breakout point or below the recent swing low to manage risk. - **Take Profit**: The initial take profit target could be set near the resistance zone around 0.0175 USDT. #SUNUSDT #SUN #SunNetwork $SUN
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