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Bitcoindominance

USDT Dominance Chart Showing WeaknessA while back I posted a Bullish Shark with Bullish Divergence setup for USDT.D that signaled that USDT.D would rise as BTC fell and since posting that BTC Dominance indeed went up and price has certainly fallen. Now we have the opposite situation with USDT.D showing us a Bearish Shark with Bearish Divergence that we've failed to test above twice now and if things go as planned we should see BTC rallying as the USDT Dominance chart falls. I will be targeting the zone between the 50% and 88.6% Retraces for profit taking before looking for any signs of reversal later on which if found could prove to be bearish for BTC if that time comes.
CRYPTOCAP:USDT.DShort
by RizeSenpai
#BTC Dominance Decisive time coming by 31st March, Here's why!Welcome to this brief Analysis of Bitcoin Dominance. Reasons to Follow me? *9 Years in Trading! *7 years in Crypto *Certified Technical Analyst *Record Holder of Most liked Bitcoin Chart on Tradingview. *Consistent updates on Markets and Trade Setups *No Bias *All-time Top Author on various assets and index charts globally. *Very Active Community during both bull and Bear Market Let's get to the chart! Bitcoin Dominance is getting rejected at the local resistance but does not take it as a confirmation for a possible alt season. ALTS are still bearish IMHO. We can buy way cheaper but later. It pumped almost 4.18% since my last post and I expect more growth in Dominance for the next few weeks. Possibly till the end of this month. When it hits the resistance, that will be the actual time to know whether the index will break or get rejected. Currently, it's almost reaching the resistance better wait for the right time. If you follow me you already saved a lot of your funds which was possibly stuck in many altcoins. INVALIDATION: A daily close followed by a confirmation candle below the 21DMA and 50DMA will invalidate this chart. What do you think? Do let me know and hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
5
ALT SEASON SOON? BITCOIN DOMINANCE UPDATE!!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 Alts means when BTC.D starts dumping altcoins starts their rally and vice versa. Currently, BITCOIN Dominance sitting at support. BITCOIN Dominance makes a rising wedge pattern in the daily time frame. Once it breaks down this rising wedge altcoins will start bouncing especially in BTC pair. There is also 21ma support. Once break below this we get the confirmation and after the confirmation, I share some good altcoins which gave us amazing profits in the Alt season. Do you think we can see alt season in 2022? 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
1
$BTCDOM/USDT 2h (#BinanceFutures)Ascending triangle break retestBitcoin Dominance Index broke-out bullish on Low Time-Frame (LTF), let's catch next pull-back to 50MA support for continuation scenario. Current Price= 1273.5 Buy Entry= 1260.1 - 1248.7 Take Profit= 1285.0 | 1311.5 | 1330.9 Stop Loss= 1228.8 Risk/Reward= 1:1.2 | 1:2.23 | 1:2.99 Expected Profit= +19.52% | +36.40% | +48.80% Possible Loss= -16.32% Fib. Retracement= 0.618 | 1.117 | 1.414 Margin Leverage= 8x Estimated Gain-time= 10 days www.binance.com www.binance.com www.tradingview.com
Long
by TradingOn
BITCOIN DOMINANCE UPDATE! WHEN ALT SEASON?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. Now, let's get to the chart. Here I show you a 3-day chart of bitcoin dominance. According to this chart, dominance is moving inside a parallel channel and currently breaks above the middle line of the channel(dashed line). Also, it breaks above the 100ma. So from here, I'm expecting a bounce in dominance till the 46 levels. After reaching the 46 levels I'm expecting a rejection and that is the best time to enter into altcoins. As of now, I'm waiting patiently to reach dominance at that level and when I see any rejection I'll update you all. Till then stay safe and stay tuned. 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.DLong
by CoreCrypto1
1
BITCOIN - Will The Price Return?❌ Bitcoin is currently trading in the range of 39,500, which is a slight recovery from yesterday. Yesterday, its price fell to the range of $ 38,400 (about 2%). Today, Bitcoin's dominance in the digital currency market is about 42.2%, and the Total Market Cap, which is 1.4% higher than yesterday, is about 1.77 trillion dollars. The trading volume of the last 24 hours has also decreased significantly and is estimated at $ 54 billion. Among the Altcoins, the Chiliz rose more than 20% yesterday, and the Monero and Convex Finance were the bullish currencies. Other altcoins have not been recovered yet. The Fear and Greed Index of digital currencies today, like yesterday, shows 22 and is still in the Extreme Fear range. ✅ Well, let's look at Bitcoin in the 4H timeframe Bitcoin's current candlestick is close to the uptrend line, and one of the possible scenarios for price recovery could be the same as the uptrend line. But will the price return from this point, or will the uptrend line be broken? Although the $ 40,000 support for Bitcoin has been lost in recent days, the uptrend at this point is a good sign for market investors. If the price maintains its current bullish reaction to this trend line and re-enters the $ 40,000 range, we can expect Bitcoin to grow again in this range by stabilizing above $ 40,000. But if the Bitcoin uptrend breaks and stabilizes below the trend line, it is possible to accelerate the downtrend again. In that case, the next price target for Bitcoin would probably be $ 36,000.
by MonoCoinSignal
28
BITCOIN - Will the decline continue?Bitcoin's $ 40,000 support fell sharply yesterday to $38,400. But will the decline continue? Bitcoin dominance over the digital currency market is about 42.3%, and the total market cap of cryptocurrencies is about $1.76 trillion, down 4% from yesterday. The trading volume of the last 24 hours is estimated at $83 billion. Altcoins have also fallen in price with the recent drop in bitcoins. Ciphers like Waves have dropped by about 15%. And Celo and Anchor Protocol currencies have experienced slight growth of around 5% and 7%. The fear and greed index was at 22 today, which indicates the Extreme Fear range. Yesterday, the index was in the Fear range and showed 33. Bitcoin lost $40,000 in support again yesterday, falling below $38,400. The price is currently trading at $39,000. ✅ But will these losses continue? In the daily channel, Bitcoin breaks the middle line of the channel downwards. Of course, the positive point is that the price below this line has not stabilized, and it is still possible to return to the top of the line if Bitcoin is supported. If the price returns above the midline of the bullish channel, its next destination will be the channel ceiling. But if the decline continues and the acceleration accelerates again, it is possible that bitcoin will reach the bottom of this channel, which is the support of $35,000. Of course, $39,000 and $36,000 are good supports for Bitcoin, and the price may be back before it reaches the bottom of the channel. ✅ It is better to know this news today: 1- Switzerland intends to block Russian cryptocurrency assets in that country. It will seize the crypto assets of active Russian companies and Russian citizens. 2- Bitcoin whales moved nearly 11,000 bitcoins in an hour. These transfers have certainly been effective in recent price declines and have taken place in two transactions.
by MonoCoinSignal
29
#BTC Dominance. ALTSEASON will trigger at this level... Welcome to this extensive analysis of Bitcoin Dominance. If you are reading my updates for the first time, make sure you follow me if you want the most complex charts Explained in the most simplified manner. I also post margin and futures trade setups. Now, let’s get to the chart. BTC Dominance is currently holding the 42.4 level. As long as it holds this level it's highly likely we will see some rally in BTC while it reaches the 45.22% level. This will trigger the rally in BTC too, possibly till $46k only if it maintains $38k support. CONCLUSION:- BTC.D is likely to rise to 45.22% and get a rejection at that point which will eventually trigger the rallies in altcoins against BTC pair. Invalidation:- Daily close below 40.27 What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
3
#BTC Dominance ALT SEASON POSSIBILITY EXPLAINED!! Welcome to this extensive analysis of BTC Dominance. If you are reading my updates for the first time, make sure you follow me to read the most complex charts Explained in the most simplified manner. I also post margin and futures trade setups. Now, let’s get to the chart. BTC Dominance bounced right from the bottom of the channel around 39.15. Currently moving around 42.27 level and broke above the blue MA. The chart is pointing towards a possible rally towards 45.49 in the next 2 to 4 weeks. This will eventually give some momentum to BTC against altcoins. ALTS in BTC pairs are likely to continue some decline for the next few weeks unless it hits the legacy trend line resistance which is almost 300 days old. So once the index reaches that resistance level a rejection would lead to a 3 months rally in Altcoins in BTC pairs. So we need to wait for a few weeks to see whether it breaks the resistance or gets a strong rejection. CONCLUSION:- Alts will continue to bleed till dominance reaches 45.49 level. Once that level is reached I will update the next chart. We will have to see whether it gets rejected or breaks the trend line. Invalidation:- Close below the Blue MA. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
5
$BTCDOM/USDT 12h (#BinanceFutures) Rising wedge breakdownBitcoin Dominance Index just lost 50MA support and seems to be heading lower, that would be a nice relief for Altcoin. Current Price= 1205.1 Sell Entry= 1209.2 - 1228.8 Take Profit= 1162.2 | 1131.3 | 1101.2 Stop Loss= 1262.7 Risk/Reward= 1:1.3 | 1:2 | 1:2.7 Expected Profit= +18.64% | +28.76% | +38.64% Possible Loss= -14.32% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 4x Estimated Gain-time= 5 weeks Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance www.binance.com www.binance.com www.tradingview.com
Short
by TradingOn
Altcoin Dominance at bottom of Daily ChannelIf we're going to see alts continue to gain in dominance, it needs to turn around here. That's not to say that it couldn't ride the bottom for longer before it turns up, but we shouldn't see it drop much lower. Lose the channel and expect it to move down more before up. Bitcoin dominance looks like it's very close to moving down, having created a wedge here (inverted chart below). - That said, if BTC.D moves above ~46-47% and doesn't see a strong reaction turning back down, then we're likely to see more correction across the market or at least a sharp rise in Bitcoin that eats up alts. - Or, instead we see others.d move up from channel bottom and btc.d move down to new lows, we may see an alts run prior to btc moving back towards ATHs or even a new ATH.
CRYPTOCAP:OTHERS.DLong
by dudebruhwhoa
2
Possibility of the BTC.D and the Altseason SenarioAs you know, the whole BTC.D is in a bear market structure since 2016. if we look at the bear market structure of 2018 of BTC we see a similarity between the behavior of the BTC.D and BTC /USD they both reacted to the main resistance level several time and each time they bounce less (lower high) and each time they pass the resistance line (more depth and time) I would say since the 2021 BTC.D is having a similar structure to the 39.8%, it might be the scenario that we have one more test of 39.8% and bounce back to 41% (the last jump), and then we have everything season (where BTC Dominance will fluctuate in the resistant line) and after few days/weeks alts will be outperforming BTC
CRYPTOCAP:BTC.DLong
by MehranVa1992
3
Alts are on the brink of melting faces.As you can see Total 3 is in a descending broadening wedge and was most recently rejected at the upper diagonal line of resistance. Assuming BTC continues it's bullish reversal we can expect Alt's to do likewise. Could we come back down and test the recent lows again? Yes. But there's also a good probability that we hold the 720B area as support and attempt at breaking out of the descending line of resistance. A break above would finalize an inverse head and shoulder pattern with a breakout target at the .786 fib level which is approximately at 1 trillion. I think we could see this break out around mid-late February with a run towards 1 trillion ending at around mid-March.
CRYPTOCAP:TOTAL3Long
by CryptoNCoffee
BTC.d three possible scenariosThis is a 20 minute video showing everything I know about this Bitcoin Dominance (BTC.d) chart. In the beginning, I show basic things about BTC.d for those who do not understand the importance of it to altcoin holders. So if you are experienced, be patient. In the latter half, I go into more technical detail. The three scenarios I go over is that this wave form of this altcoin bull market is a: 1) 12345 impulsive wave 2) Wave B (wxy) corrective 3) Flat (ABC) I also show what possible pattern BTC.d might form going forward in years. I think there is something in this video for both the inexperienced and experienced traders.
CRYPTOCAP:BTC.DLong
by gz1968