BITCOIN NOT YET SAFEEven though there is pullback but bitcoin not yet safe to take position cause bitcoin still trying to retest EMA 50 TF1D and EMA 300 TF4H.
Wait until break out it will be good sign. The decision is yours.
Bitcoindominance
BTC.D Further Thoughts1,2,3 down
Mostly all contained within the downward channel
If this is the scenario that plays out, alt coins will be massive !
Below is an idea "super alt season" check it out, very similar to this one
BTC.D broke down ascending support#BTCD
Bitcoin Dominance broke down from ascending support zone, but here is another support that possible to reject it and head up to break the weekly descending resistance.
but if BTC.D success to break down from daily support zone. then drop to around 35 will be easy.
Bitcoin Dominance Ready to Drop!!?Once again we are discussing the very important BTC dominance, the reason of why this is being brought up over and over by myself is due to the fact that this is the best indication of where the market is headed and most importantly where the altcoins are headed. If we continue to see drops in Bitcoin dominance each drop is going to significantly boost the altcoins, keep in mind that Bitcoin is likely to drop if we see a spike down in dominance in turn bringing the alts down with it, but heres the catch.. initially the alts will bleed along with BTC but once we see a settle and catch support for BTC the altcoins will be primed to breakout and rally to the upside. we have broken through the 42.62% support level and we will need to hold under here for our daily close and we are coming up on our next support at 42.36%, a decent support level with some strength, but what im seeing right now could be pose a big threat to this support level which is exactly what we want, and that is, the bollinger bands. As you guys probably know by now grabbing onto the bottom band can trigger an explosive move to the downside. Our current price levels are resting right on that bottom band and as we head into our daily close this could be huge for altcoins, a close ontop of this bottom band opens up the door for continued red candles that will likely push down in a vertical manner in turn shredding through most support levels we are currently facing. The RSI has been rejected off of longer term downtrend resistance, we are now heading for the further downside and the very bottom zone, this resistance level poses a threat to the RSI as it is very strong and could definitely give the RSI a lot of problems when we try and break it at a later point. Overall this is very good aswell though and the main thing is that we are continuing to cruise around in the bottom half of the zone underneath the midline, being under the midline puts us in a confirmed downtrend scenario that could go on for quite some time, and downtrend in BTC.D equals explosive moves for the alts. Now the MACD, i have it zoomed in pretty far so we can get an accurate read but we just recently had a bearish cross which is a good sign and we are seeing day after day increased red bars on the histogram giving momentum to the bears, our MA's are looking good off the bat we are seeing good separation and we want to continue to see this play out as itll get harder and harder to get a bullish cross. Not financial advice just my opinion!
#Bitcoin dominance - update Drew a rough roadmap of the Bitcoin dominance a month ago
The structure is looking quite good for a breakdown
so a run for the #altcoins seems imminent.
BITCOIN DOMINANCE EXPLAINEDTo be successful in crypto you need to know how the market works and why it’s behaving like it is.
Bitcoin is the first ever cryptocurrency and will be the biggest a long time. This means that what bitcoin does will have a large impact on the market. But there are also times where every coin does it’s own thing.
Here is where Btc.d comes in.
Simply put, when bitcoin dominance is high, it means that almost every move is similar in the whole market. While when it’s low, we don’t need to worry too much about what bitcoin is doing if we see a good trade in some other coin.
We can take advantage of this!
Btc.d is surprisingly accurate with technical analysis. In the chart you can see two boxes where I would either buy bitcoin or altcoins.
You still have to find good setups and everything, but it gives a good indication of it’s either altcoins or bitcoins time to shine!
Good luck traders! Leave a like if you found this helpful <3
BTC Dominance - 2017 vs CurrentBitcoin Dominance charts are shown with the left being the current market and the right being the 2017 market.
Could we be playing out a similar BTC dominance but with a longer cycle?
The upcoming days will tell if this is true or not. I thought it was interesting to share with the community.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
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 #bitcoin #altcoins
BTC Dominance - A Nasty Retest? A retest of this level, previously seen as a strong resistance, provides a nice support if BTCDOM were to turn in favor of altcoins
I have tried to demonstrate this with 1-2-3-4 pattern
BTCDOMINANCE is slowly turning around, very slowly
The above chart contradicts this chart, suggesting the recovery will occur sooner
BTC.D Looking To Continue It's Ascent Into the 50sBitcoin Dominance showing great amounts of hidden bullish divergence here signaling that the decline in alt coin valuation towards Bitcoin may not be over yet.
On more thing to point out here is that soon we will be getting a golden cross on the daily.
#BTC.D 2H Chart update
Very slow movements from BTC.D which is ranging in a downtrend on low timeframe. We are still waiting for it reaching either the supply or the demand zone for more confirmation, however i expect it to reach the supply first as we also have a huge imbalance which needs to get filled and then we would be waiting for price's reaction on that level.
ETH still needs to retrace some before cont. up for macro wave 3ETH still needs to retrace some before cont. up for macro wave 3 up. I think we will see an extended wave C down to at least the 1.236 ($4294). That last drop had heavy volume. I think we we soon see more volume in a downward trend. I've been toying with the 128MA (black line). This MA, historically, Has been strong support or resistance in the past. Eth has crossed it on the 1hr and approaching it on the 4hr with this ABC correction. BTC on the 4hr has hit this support twice in the last 3 days. Both Eth and BTC are struggling to stay on the upper side of the Bollinger band. With the previous high we saw coupled with a lower RSI (indication of the top of wave 5 and the beginning of an ABC correction) I believe downtrend is immanent. I think many other alts are in the same pattern. Total Crypto market cap hasn't dropped much during this dip. It currently sits at -6% from ATH. BTC dominance is dropping. These two together indicate money could soon begin to move from BTC over into alts during this dip.
$BTCDOM/USDT 3h (Binance Futures) Falling wedge break and retestBitcoin Dominance index seems to be reversing while Bitcoin is trying to make new All Time High.
Current Price= 1072.4
Buy Entry = 1066.0 - 1049.2
Take Profit= 1111.9 | 1170.6 | 1240.1
Stop Loss= 1012.2
Risk/Reward= 1:1.2 | 1:2.49 | 1:4.02
Expected Profit= +20.52% | +42.72% | +69.04%
Possible Loss= -17.16%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 4x
Estimated Gain-time= 3 weeks
#BTC.D 2H Chart update
BTC.D was ranging in and uptrend and broke through the first resistance level at around 44.3% as mentioned yesterday but got rejected heavily from the second one at around 44.7% and broke out from the support line and the support level at 43.5%. We should see some rejection at the 43.33% area else we would be looking for it's reaction on the 2h demand at around 42.7%.
Alt season continues...This is the time to buy alts for the medium term, Potentially alts should increase 50% on average across the board. Of course, some will rise, even more, some less.
#BTC.D 2H Chart update
No major movements from BTC.D. it is still ranging between the support at 43.5% and the resistance at 44.3%. I am still waiting for it to breakout most probably from the resistance area aiming for 45.5% for now.
Bitcoin Dominance To Drop- Time for ALTS to go HigherBitcoin dominance chart shows price is entering a period of possible correction.
According to this chart, this could be time for ALTS to rise higher.
With Bitcoin expected to get a aother boost higher (check our posts on inflation today) and the Bitcoin dominance chart under resistance, the analysis favors ALTS at this stage
One Love,
the FXPROFESSOR
BTC Dominance is ready to going up?🚀Hello, friends😊
Bitcoin Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin. It can help you understand the trend of BTC and alts. See the current Bitcoin dominance.
The most important thing about Bitcoin Dominance is that it can help you understand if altcoins are in a downtrend or uptrend against BTC.
When BTC Dominance goes up, alts, on the whole, lose value against BTC.
When BTC Dominance goes down, alts on the whole, gain value vs BTC.
This means in most cases you’ll want to be in Bitcoin (or cash) when Bitcoin Dominance is in an uptrend, and then want to be in alts (including ETH, large caps, mid caps, low caps, etc) when Bitcoin Dominance is in a downtrend.
Of course, Bitcoin Dominance can have different implications on different time frames, and it is ultimately only one tool in a trader’s toolkit.
In short, though, it is important to learn how to read the Bitcoin dominance chart. Luckily it is only a click away at TradingView. 😉Also this is just one indicator in order to make a accurate prediction on the market you should always do your own research and make sure to provide yourself with many indicators when it comes to your trading choices.
🧐What do you think about the correlation between bitcoin dominance and altseason is it true? Click 👍 + leave your comment below!♥️
Thank you for staying with me💋
Always Sincerely With You 😍
Your Rocket Bomb🚀💣
Daily BTC Dominance UpdateOn face value it would appear that BTC has broken the short term downtrend against the market, but we need to pause and have a closer look. There is a good chance that this is just a small pull back from the trend before continuing down. I've used the 4hr chart today so it's easier to see what I'm talking about. There is a line of support and resistance (dashed line) that the price has just crossed and I've circled where it's reacted to this level before. I think that there is a good chance that this "rally" is simply a re-test of that level. Looking at the BTCUSDT chart price action has also hit the upper part of the consolidation zone and I would expect that profit-taking is likely to occur at this level. So I'm expecting BTC to have a quiet day today and possibly even resume it's decline against the rest of the market.
#BTC.D 4H Chart update
BTC.D finally broke out from the descending channel which we have been waiting for some days now. It also broke through the resistance at 43.5% which i expect it to retest before continuing the move up. We are aiming for the 4h breaker at the moment but it should have no problem breaking through it again.
BTC.D - Market Update 08.11Hello Traders!
The dynamics of altcoin purchases in the market are shown by the decrease of Bitcoin dominance on the chart.
More and more investors are choosing riskier assets instead of Bitcoin.
After two attempts of breaking the support level of 40.12, there was a pullback on the chart.
At the moment, the chart shows a continuation of the decline and a possible third attempt to break the 40.12 support level.
If capital starts flowing massively into altcoins, the price value on the dominance chart will fall into the 36.28 - 40.12 range
A massive altseason took place in this zone in winter 2017-2018.
But we should not forget that this was the market reversal range. Do not forget to fix profit!
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
BTC Dominance - What Party Time is it?Bitcoin dominance has violated a supporting trendline in the one day chart. In an ideal scenario this could send BTC dom further down - giving alts momentum and strength for a short period of time before inevitably bouncing back up. Another scenario shows a sideways movement of BTC dominance which would indicate the market remains choppy and undecided. A last scenario shows BTC breaking back above the trendline and taking away strength from alts. Neutral, until confirmation of breakdown or up.
BTC.D rejected from weekly ascending resistance#BTCD
Bitcoin Dominance rejected from descending resistance zone. in bearish scenario there is a strong support zone that if success to break it down it will head down toward 31.6 and 23.88.
but in bullish way it is possible that support zone reject the dominance and lead it upward to touch resistance zone.
RSI and MACD seems are more bullish.
Take a cup of Coffee ! BTC giving TreatIn my recent BTC analysis in 1 day Time frame I've mentioned the Cup and handle and that successfully hits and now time for this .
Strong Pattern , technicals indicating Strong BUY
and now what are you waiting for ?
Prepare your Coffee and in return like the Idea if you agree!!
