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Bitcoindominance

BITCOIN DOMINANCE: A RALLY EXPECTED!Shalom traders! I hope your weekend went well. Another week we ended up with some good profits and BTC still holds the support level. Today, we will analyze the BTC dominance chart and what this could mean for the market. Timeframe: 3 days. Update: BTC dominance has been a helping hand for the traders to analyze the upcoming move on BTC. As we can see in the chart that the BTC.D is under a trendline and it has been beautifully following it. According to the chart, we can expect a rally on BTC.D in the upcoming days which means BTC and altcoins in the BTC pair may possibly rally. The invalidation point will be the lower supporting trendline at 38.8%. That's it from my end. Thank you.
CRYPTOCAP:BTC.DLong
by Dexter_The_Trader
7
BTC.D - The Alt Season is around the corner! Don't miss it. The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen.  The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.  It's really important to pick the right altcoins because we are not in 2017 when even scam coins pump.  We have been moving sideways on this chart for a long time, but nothing lasts forever. I expect a breakdown of this bearish rectangle pattern very soon!  As per my Elliott Wave analysis, this structure is very bearish and we should continue down with another impulse wave. From an EW standpoint, an ABC correction has been completed, so there is probably nothing that can stop this downtrend.  ALT SEASON usually happens when the BTC.D goes down. It's usually during bull markets. When we are in a bear market, everyone is selling their altcoins and buying bitcoin instead.  The 0.618 FIB extension from wave (1) to wave (2) is the next target, but I think we can go even lower later.  Make sure to pick the right altcoins. I expect tremendous gains for selected altcoins. You can find them in the related section down below.  For more analysis, hit "Like" and "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
64
BTC.D is on the rise. Altcoins bloodbath is coming?4th, October 2022. At the time of writing, Bitcoin is still ranging from $18k to $25k level since early June. 4 months of ranging in a low level zone. In that 4 months, Altcoins also having some really nice gains, with Ethereum and The Merge is the most hyped event. Money flew to $ETH, making BTC .D hit the support. The question now is, can Altcoins keep the momentum? The answer from Chainslab Analytics, is highly unlikely. From the Technical view, majority of Altcoins backtested the criticals ex-support in August (For example, ETH @$2000, $BNB @$33x...) Now they might hit it again if BTC have another rally, but the strength and momentum in Altcoins/ BTC pairs faded away. From the Fundamental view, last quarter has never been a good time for altcoins rallies. VCs, MMs and other entities that need liquidity for EoY Financial Reports must grab on to liquid and profits. The macro view also bad for tech startup across the globe, making it harder for altcoins to held another big rally. Of course, there are still some altcoins that have good gains, or a 5-10% price rally. But BTC .D is set to get to 48% level, and $BTC likely will remind the whole market that who is the king in this space. Maybe it will start with ETH/BTC back to 0.055x again. Whatever you do, at this sensitive market condition, please keep some cash and some Bitcoin . Comment below on which pair/altcoins that you want to get analysis of, and we will be happy to help!
CRYPTOCAP:BTC.DLong
by Chainslab_Analytics
5
A potential double bottom may be forming for btc dominanceWe are seeing a big green candle on the 1 day chart (not shown here) right now on btc dominance. It is suggesting that perhaps the bottom is in for btc dominance. We also happen to have bullish confluence for this scenario because even though the current bottom is slightly lower than the previous which create a slight downward slant to the double bottom pattern….when we take that downward slanted trendline, clone it and then move it up to where the neckline of the double bottom would be, it creates a perfect parallel channel which only adds credence to this begin a valid double bottom -and- a valid channel at the same time. Of course you can’t assume a double bottom is going to play out until a breakout is confirmed, and with price action still near the bottom of the pattern and nowhere near retesting its neckline yet there’s no guarantee this pattern will play out. Worth keeping an eye on for sure though which is why I am posting this idea. I chose to post the weekly version of the chart instead of the daily because it seems more valid as a weekly pattern and there is also less noise making it easier to see the pattern. *not financial advice*
CRYPTOCAP:BTC.D
by DrDovetail
1
Bitcoin Dominance BTC.D - Downtrend continues! | Elliott Wave Bitcoin is still a very weak asset, compared to altcoins or the stock market index. As per my technical analysis, bitcoin's dominance should go down to the previous swing low established in 2018. You can bet there will be a bounce, but the question is, how big is the bounce going to be?  As you can see on the chart, the ABCDE pattern has been completed, which usually indicates a final upcoming wave. It's something like triangles in fourth waves. It's hard to do an Elliott Wave count here, because this is not a standard chart. This chart can oscillate only between 100% and 0%. We don't know if the first drop from 100% to 35.41% is an A wave of the correction or a 1. wave of the impulse, because there is no major trend. It's an oscillator. There is a very high probability of going down to the previous swing low because charts like BNBBTC, LTCBTC, XMRBTC, TRXBTC and others look bullish. It's probably a good idea to switch to Bitcoin when the price reaches my target. For more analysis, please hit "Like" and "Follow"!
CRYPTOCAP:BTC.DShort
by UnknownUnicorn2537518
61
💥Bitcoin last dive to $20,000#Bitcoin (Update) Here is a daily timeframe analysis with price in a rising wedge. As shown here, price is at the tip of the wedge. A breakout which can be an upward or downward breakout is needed. I expect Bitcoin to break downward for the last dive to $20,000 before the move upward to $37,000. Aside this post, Bitcoin is overall bullish. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
1
Bitcoin Dominance may see massive recovery soonWe never quite made it to the 1.5x target from our double top back in Jan 2021. That's not to say it's still possible we see it and even reach the 2X target making new ATLs. However, I can see the possibility of a weaker low made near the top of the green support area, and that occurs and we turn back up from there, dominance may for a triple bottom (or an inverted head & shoulders). Should that occur, we will never see a new ATL and instead a very fast and hard recovery of Bitcoin's market dominance. This could mean two things: 1.) Bitcoin is about to destroy the altcoin market, and itself. 2.) Bitcoin is about to destroy the altcoin market and go on a tear. If we break below the green support, then expect the opposite to occur: 1.) Bitcoin may continue to correct upwards slowly, and altcoins may go on a tear 2.) Or, some of the most promising altcoins start to take away from bitcoin's dominance, and we end up with a new type of market. This particular idea is in support of the former, where bitcoin dominance goes up and fast, if dominance were actually a trade-able instrument, this would suggest "going long" after stopping somewhere near support (green box). Alternative idea linked under related ideas below, supporting either movement in either direction. Here's a zoomed out view of line chart, showing our Jan 2021 double-top, and our previous low (ATL), which is still lower than the 1.5X target for the double-top:
CRYPTOCAP:BTC.DLong
by dudebruhwhoa
2
Most Likely Bull-Run!Bitcoin Dominance chart approaching Key support and a Grand Test of the 40% Level, which is now support. Just below it is our POTENTIAL Bull Run Entry. Yes fellows, when this price drops ALTS rise. Don't get too excited too early, that's never good. We are close to support and we need to see how the price reacts then. What happens at the Blue 'Bull Run Entry' level? I'm buying more smaller-Cap crypto and going for holidays for a month.. that's what's happening. One Love, The FXPROFESSOR PS. Ethereum is the number ONE Altcoin contributing on this chart. Eyes on Ethereum as explained on my last posts
CRYPTOCAP:BTC.D
by FX_Professor
3
BTC.D - The Alt Season just started! + Elliott Wave The 14-month consolidation period has ended; it was truly an endless period of price action, but nothing lasts forever! ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend. According to my Elliott Wave analysis, we are now in the 3rd wave and this could be huge! Bitcoin Lightning network is still not supported by major exchanges because it is not in their business plan, and this is definitely a positive sign for altcoins. What to do during the alt season? It's good to pick promising altcoins, which is not an easy task, but even very bad coins can easily pump. Look at my ideas about interesting altcoins in the related section down below. For more ideas, please hit "Like" and "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
52
Dominance BTC.D - ALT SEASON STARTING! + ABCDE Completed The 14-month long consolidation is over, it was truly an endless price action, but nothing last forever. ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend. According to my analysis of Elliott waves, we are now in the 3rd wave and this can be huge! Bitcoin Lightning network is still not supported by major exchanges, because it is not in their business plan and this is definitely a positive sign for altcoins. What to do during the alt season? It's good to pick promising altcoins, which is not an easy task, but even very bad coins can easily pump. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
CRYPTOCAP:BTC.DLong
by UnknownUnicorn2537518
18
Bitcoin Dominance Ascending ChannelThe Bitcoin Dominance Index (BTC.D) chart is trading within an ascending channel. It feels strange, this chart. Putting together all the data we've been collecting in the past few months, I can't make anypredictions here but, we can focus on reading the chart. > The ascending channel is bullish. > The fact that BTC.D is trading above MA200 is also bullish. > We have higher highs since January 2022. Bitcoin Dominance can easily grow here based on the chart technicals. Namaste.
CRYPTOCAP:BTC.DLong
by AlanSantana
3