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Bitcoindominance

bitcoin dominance analysis to understand BTC vs ALTs behaviorthe dominance of bitcoin is testing its critical support line for the third time, with a bearish hidden divergence in the peaks of the price action and indicator, I expect a break this time. what does it mean? 1. whole market crashes (high probability) the whole market crashes, but Bitcoin crashes harder and sharper than alt coins in this scenario, I prefer to buy ONLY BTC in the deepest dips! 2. bitcoin continues sideway for a while (medium to low probability) this will result in ALT SEASON! 3. bitcoin rises right from here (low probability) Alt coins rise sharper! ALT SEASON again this is not financial advise! these are just my thoughts on "probabilities" based on divergence strategy :)
CRYPTOCAP:BTC.DShort
by honarparvar
4
BTC Dominance: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D). The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta color) and a multi-month double bottom pattern (bullish; in yellow color). The RSI (relative strength index) is also moving up a multi-month support line. There is still room for growth. If Bitcoin Dominance breaks up, it could be a great sign for the Bitcoin price. If it breaks the support line, a potential altcoin season may be coming soon. Shown: Support and Resistance Line, Trendline, Double Bottom Pattern, Triple Bottom Pattern, RSI (relative strength index), Triangle Pattern If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:BTC.D
by MillionaireEconomics
7
Altseason Almost Here!!!Taking a look at our bitcoin dominance and we have just recently broken right through that crucial 40% mark and that is a huge deal for the altcoins, realistically we should start seeing some explosive price movements going forward across the board. We definitely want to see our daily candle close below the 40% line as it would be very bearish and with that bullish for altcoins. A close here opens up the door for a breakdown to our first support at aprx 39.5% and then our S2 support which comes afterthat, either way any price action going forward that continues to drop is very positive for the alts! The bottom band on the bollingers as you can see is just below us we actually wicked onto it, the door is open for us to grab onto here and to see a big fall in domiance, historically closing ontop of this bottom band leads to explosive bearish price action just like we want! The RSI is getting crushed fairly badly and thats another great sign going forward, the RSI getting stuck below the midline signals we are in a confirmed downtrend which of course is positive for the altcoins. The interesting thing here though, is that we have tons of heavy resistance above us and it appears they are going to be pretty tough to breakthrough, we have the SMA which we are now below(BEARISH) and then we have two overhanging heavy lines of resistance that will take quite some time to break i personally think! Overall looking very good for the altcoins and if we see this trend continue moving forward we could be leaping right into altseason where i expect to see some explosive massive gains! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BITCOIN dominance update ; RErun play ; modified - late SEPT 17BITCOIN dominance ; RErun play ; modified - late SEPT 17 ive adjusted this after staring at my old dom idea for awhile. ive linked that for good measure. think i was off by a bit. its all there. including the projected bullrun end. (if we haven't already now) if this is right then we are late sept 17. which does kinda fit price action wise. though everything is a little less peaky with btc this time. which is to be expected. lets see how this plays out!
CRYPTOCAP:BTC.DLong
by Crypto-Quantum-Fox
BITCOIN: LAST SUPPORT AREA + HEAD AND SHOULDERS PATTERN.Bitcoin seems still in bearish scenario as you can see at Timeframe 4 Hour, show head and shoulders pattern (bearish) and bitcoin failed to break EMA 200 at Timeframe 1 Day. The last support area around 39812 - 41183 price. You can take short position and take profit there with stop loss around 49355. Watch your money management and do your own research before trading. If break it will be bearish season. Look my previous ideas here: note: only take position after confirmation and do your own research before trading.
Short
by pandupratama7
BTC Dominance - Why alts dumping was predictable... 🙄If you studied the BTC dominance chart you knew that the 40% market share for BTC was a key support. Once hit, there was only one result... altcoins will bleed and now they are all in double digits red. Bitcoin dominance has bounced of the support and now is moving higher. Yes, BTC price is also falling, but not as fast... hence BTC is gaining in market dominance. This is usually the worst outcome in the market, where everyone loses. Just that BTC holders suffer less. However, this dump is... uncharacteristically slow. We seem to go lower bit by bit... This is either a massive bear trap and we PUMP hard soon or the market will continue to bleed slowly until it finds equilibrium again. There is no flash crash, no news, just... money exiting. So long BTC/ETH don't make a lower low, there is till hopium. If not, goblin town welcomes you. Like and follow if you liked my idea!
CRYPTOCAP:BTC.D
by DU09
1
BTC Dominance: Alt Season Coming!Hello friends, today you can review the technical analysis on a 1W linear scale line chart for the Bitcoin Dominance. I generally look at candlestick charts, but for presentation purposes, a line chart is used. 1) The BTC Dominance has been respecting a Parallel Channel since the May 2021 crypto market correction. 2) Also there is a Bear Flag Pattern that has formed in the charts. This pattern's target is usually the length of the flag staff. 3) Since the RSI (relative strength index) recently broke a key support line, it may go back up to re-test the trendline before falling further. 4) With the potential increase in RSI, the Bitcoin Dominance may go up as well before a drop down. 5) If the Bitcoin Dominance falls to the target, it could result in potentially the biggest Altcoin Season. 6) If Bitcoin Dominance breakout above the Parallel Channel, it could invalidate this idea. 7) This is a weekly chart so don't expect anything to happen quickly. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:BTC.D
by MillionaireEconomics
4
What If the Bitcoin Dominance drop same as what previously donein this chart we are just comparing the slope and possible potentials of what happen historically. 2017 we had 2 altseason and a pause in between early 2021 we had a kind of altseason for some coins and we are looking to complete one season and we already has a pause phase. as it seems the power of alts increasing I just reviewed the possibility of what happened in whole (2altseasons) last cycle and this cycle (whatever we already experienced in BTC.D
CRYPTOCAP:BTC.D
by MehranVa1992
Bitcoin Dominance in DAILY TimeframeHere's a very simple price action analysis for bitcoin dominance. As you can see dominance can hit the support level 39 or around it and then the dominance can rise up to 44 and maybe to around 47-48 which we can see a price up for bitcoin. Beware of ALTCOINS! ps,I have been hearing about altseason as well which i find unlikely to happen. We will see the growth of altcoins for a time as you can see on dominance but NOT an altseason for now.
CRYPTOCAP:BTC.DShort
by DonnyaHJN04
4
Bitcoin dominance is falling despite market crashThis is an interesting development of the Bitcoin dominance considering that the markets were all crashing. In the past most crashing events led to a sharp rise of the Bitcoin dominance while Altcoins were dropping much harder in comparison to Bitcoin. Seeing this could actually mean that we will see a break-out to the downside of the 40% range soon that could lead us to 30-35% levels once momentum is picking up. Generally, one should still be careful trading this setup as markets are reacting strongly to Evergrande's potential defaulting & the sharp rise in cases of the omnicron variant. Good luck with your trades! Do not consider this as financial advice.
CRYPTOCAP:BTC.DShort
by UnknownUnicorn3707027
4
Bitcoin Dominance is about to go high again!Bitcoin dominance could easily bounce back up and this would cause major drops on all altcoins that recently made x100 and more. I expect bitcoin correction while altcoins keep falling finding their new bottom. Bitcoin dominance could easily be restored to 65% - 70% of all crypto market cap by the year 2023. Expect many coins at their new bottom. One of the greatest falls I expect on Dogecoin down to $0.005, which means it could drop down to 99.3% from its ATH. Prepare to face the reality, I'm buying popcorn and start watching :)
CRYPTOCAP:BTC.D
by poplach
12
Bitcoin Correction Same Like My Analysis. Where is Reversal?Bitcoin correction same like my analysis. Here is the strong support to reversal. Bitcoin correction finally touch Fibonacci area 0.618 (51627.94) and touch the strong support area around 51k-53k. It indicate the support and reversal. Bitcoin need to make higher low and fill the gap that's why there is correction there. Wait for break out to take long position. Look my previous ideas here: note: do your own research before trading.
Long
by pandupratama7
2