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Bitcoindominance

A brief take on BTC DominanceI know, a lot of Traders do not rely on the BTC Dominance as an Indicator anymore, since it's not considered as useful indicator for the current strength in the Market. I still take it into consideration for my trading. Two patterns to be seen for BTC-Dom. At this Moment. The first one would be the Descending-Triangle and the second one would be a Double-Top Pattern. Both are considered "Bearish". The Target for the Dominance would be somewhere between 31.02% and 28.91%. If the Dominance really would break down, this would imply that a lot of the Altcoins would have a huge run. On Thing to Consider: In the last Bull market (17/18) something similar happened. BTC-Dominance was going sideways and then broke down leading to a huge Altcoin run, just to confirm the end of the Bull market. The Dominance, then, slowly began to rise as high as 75%, which clearly showed that most Crypto-Traders do see Bitcoin as a safe haven, for that Time at least. Well, history doesn't repeat itself, but it rhymes - keep that in mind. This Analysis is not intended to be investment advice. Always DYOR.
CRYPTOCAP:BTC.D
by blauersamt
Bitcoin Dominance Suggests Bear MarketThis break-out is quite significant and realistically potentially indicates a real turning point in the market. Up until recently, it was still questionable whether BTC would find a bottom and may continue the Bull Run. But after the carnage this week and the Luna catastrophe, the market has lost all momentum. Alts are bleeding to nothing and BTC has become king again. If we simply use this chart to gauge where we are at on the Macroscale, this highly suggests we are well underway into the 2022 Bear market. Now it is important to understand the targets for the BTC Domanence as it will prove to be potential turning points. The first target being 50% and the second target being 60%. If we compare the last Bear Market in 2018, it wasn't until after BTC Dom reached 60% before it found a bottom. Now I'm not saying it has to hit 60% again this time, but I am definitely targeting 50% from here. That is the next point of interest. My Bearish sentiment doesn't just stem from Crypto, it reaches far out toward the broader stock market and enormous macro headwinds. I can't possibly explain it all in this post to keep everyone's attention but if you check back through my previous posts, there are soo many Gems to learn from to navigate this environment. Now is the time to LEARN and grow your knowledge so you can benefit from all this chaos later on. Now is when success is made, not at the top of the Bull Run. Let me know if you have any questions!
CRYPTOCAP:BTC.D
by NoOneWhoIsSomeone
1
Bitcoin Dominance Breakout could Be Really Bad news ⚠️Bitcoin Dominance had been going sideways in what we called 'slow death April 2022'. Well, early in May the price is attempting (right now) to exit from the descending wedge and it appears to be doing that going North (Up). When Btc dominance rises it's bad news for Altcoins so let's be careful and see how the price behaves at resistance. Keep you posted and remember what our plan has been this year: Buy BTC, hedge with some short positions on some Alts and Nasdaq... Been working here but still, very painful to see Alts losing even more ground. This is our opinion here, our only advise is to do your own research and take it easy. One Love, the FXPROFESSOR
CRYPTOCAP:BTC.DLong
by FX_Professor
2
BTC.D UPDATE! ALTSEASON SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC DOMINANCE update. Bitcoin dominance is trading inside a descending channel. SO here I expect two scenarios for BTC.D- Scenario1:- BTC.D starts dropping from here and is likely to break below the channel. In that case, Altcoins start bouncing from here. Scenario2:- We might hit again the upper trendline of the channel and from there we saw the rejection. After hitting the upper trendline it is highly likely that it starts dropping. In that case, we see some more corrections in Alts so that would give us the best entries. So in both scenarios, we might see soon a great Altseason. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
4
BITCOIN DOMINANCE: H&S PATTERN!! ALTSEASON IF?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC DOMINANCE update. BITCOIN DOMINANCE is forming a head and shoulder pattern here which is generally a bearish pattern. Currently, it is trading around 41.44 level and hovering near the neckline of the head and shoulder. If it breaks below the neckline then we can expect a quite good dump in BTC.D and a good pump in Altcoins. If it bounces again from the neckline then we see some more correction in Altcoin. IMO it's better to wait for the close below the neckline. After that, we start taking positions in many altcoins. Till then stay safe. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
Bitcoin Dominance BTC.D - Alt season! Huge descending triangle!- I hope you are ready for the upcoming alt season in 2022! - We have a descending triangle on the weekly time frame, which is definitely very bullish for altcoins. - Bitcoin Dominance is going down and there is still no signs of trend reversal. - ABCDE triangle should be completed and now we are waiting for the huge breakout! - Previous swing low resistance (2018) is our next target, then here we can experience a bounce.
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
7
BTC.D Critical Territory AgainThe Bitcoin Dominance looks like it wants to make a local low here , compared to the previous one it would be a Higher low and potential massive reversal to the upside can happen from this point. 1st Scenario (higher probability) BTC.D will break above 43,40% and thus confirm the higher low , which will lead to Altcoins bleeding versus their bitcoin pairing as up to 55% on a macro scale. 2nd Scenario (lower probability) BTC.D will break the 41,30% and thus Invalidate the local low , which will lead to Altcoins gains versus their bitcoin pairing (Mini-Alt season) , further down we have the BIG support around 40% , if the bitcoin dominance were able to break the 40% support a really Massive Altcoin season will occur. P.S. Would like to hear your toughs and opinions in the comment section, Thanks.
CRYPTOCAP:BTC.D
by Whispofearth
BTC.D BREAKS DOWN! ALT SEASON START!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC Dominance update. Bitcoin dominance is inversely proportional to altcoins means when BTC .D increases Alts starts dumping and when BTC .D dumping, Alts starts pumping. BTC .D affects especially BTC pair altcoins. Bitcoin dominance is breaking down from the rising wedge in the daily time frame and looks bearish. Also, it breaks below the 21D ma which is also a good sign for Altcoins. The Green dotted line shown in the charts indicates the support level. I'm expecting the Bitcoin dominance to reach the 40 levels again and we might see a good Altcoin season in the 2nd quarter of 2022. IMO it's best to accumulate some good Altcoins, especially in BTC pair on spot. Soon I'll share some good Altcoins in BTC pair. What do you think about this? Do you also think that we can see a good Altcoin season in the 2nd quarter of 2022? Share your views In the comment section. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
7