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Bitcoindominance

BTC Dominance About To Fall!!?Bitcoins dominance level has fallen below key support at 43.32% and we are now looking for a drop to the 41% level! This would be very positive for the whole market especially the altcoins, there could be a initial drop from dominance crashing but afterwards we will see the market start to breakout! First off on the MACD we are seeing a bearish cross with the start of a little separation, whats key here is that we see the MA's start to take off from one another and spread out lessening the chance of a near bullish cross. Like we are seeing currently we want to keep seeing rising red bars on the histogram with each one getting bigger and bigger, this shows bearish momentum and in this case its very positive for the altcoins! Now the Bollinger bands, even though we have been on a bit of a fall already we are just now starting to touch the bottom band, and usually the case if this continues is a waterslide affect bringing price action down on a slope, if this occurs this is where i think actual BTC price action will react, if theres a big drop rapidly we can likely expect BTC's price to initially fall with it. Now the EMA ribbons, which is a great longer term indicator, we notice lots of downwards pressure on BTC's dominance, we we're starting to squeeze a little bit recently but now we are beginning to see the ribbons spread out bearishly, the more the ribbons spread out and push down the further we are from an overall trend reversal, we will likely see these ribbons fully spread out in the coming weeks/month and that is when altseason will be in full effect! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
Bitcoin Dominance Chart is KEY 🗝️What is the Bitcoin dominance index? Binance BTCDOM Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin. The BTCDOM Index is a metric that traders can use to quickly get a sense of Bitcoin's value relative to that of the broader cryptocurrency market. What does low Bitcoin dominance mean? Indeed, if the dominance of BTC decreases, it means either : A relatively larger inflow of new capital into altcoins than into BTC. Or it represents a transfer of capital between BTC and altcoins, with participants taking their profits from BTC and injecting them into the altcoin market. How is Bitcoin dominance calculated? If we look at the summative market capitalizations of all the existing cryptocurrencies, then we can arrive at a total market cap valuation for the entire cryptocurrency space. Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets. How does Bitcoin dominance work? Bitcoin Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin. ... When BTC Dominance increases, alts, on the whole, lose value against BTC. When BTC Dominance decreases, alts on the whole, gain value against BTC.
CRYPTOCAP:BTC.D
by FX_Professor
2
#BTC Dominance bouncing? ALTCOIN Opportunities ahead?Welcome to this quick Sunday Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get to the chart. The BTC.D Chart that I posted earlier followed the speculated path perfectly. The chart shows the possibility of some bounce in this index which will eventually lead to corrections in altcoins. These corrections won't last and should be considered as an opportunity to accumulate at lower levels. So far we have traded many altcoins like:- VET: 37% Profit TOMO: 11% COS: 70% REEF::41% DGB: 29% LRC: 45% BEAM: 24% IOST: 28% OXT: 34%+ XRP: 19% and many more... All these Altcoins were posted and have shown massive profits lately without leverage. I will be posting more setups this week. So follow me and do hit that like button if you like me to post more Spot and Futures Setup. Do share this chart with others. Thank you #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
6
BTC.D Analysis ( Bearish Symmetrical Triangle via Eliot Waves)According to chart which illustrates the bearish trend on BTC.D chart, as we see, our graph candles has created the Symmetrical Triangle pattern then the graph has been dropped to 41.77 since the graphs was broken down to our up trend support line. In addition, Eliot waves show us we are inside 5th wave of Eliot waves, also proof the bearish trend on BTC.D chart, the graph will be going down until the graph reach to 42 caused calculating Fibonacci Retracement and Fibonacci Extension As the result, BTC.D bearish chart could let the ALT Coins to taking breath and we will watch the huge ALT session.
CRYPTOCAP:BTC.D
by Alek4
BTC DominantI am expecting a market correction for bitcoin soon which actually in tact with bitcoin dominance. Right now bitcoin dominance is about to have a golden cross in the 1 hour time frame and entering a gaussian channel in the 4 hour time frame from it’s golden pocket. So I am expecting the drop of bitcoin will bring down most of the altcoins with it. Bitcoin dominance is projected to reach 46% level next week and probably continue more drop after that, which will bring altcoin to rally even more.
CRYPTOCAP:BTC.D
by ayusdipu
BITCOIN DOMINANCE STRENGTH EXPECTED TOWARDS Q4 2021 (MUST READ)Bitcoin dominance may be on the brink of a massive influx of strength. If I am correct, it looks like whales are in the early phases of moving their altcoin profits back into Bitcoin. Assuming this is true, we will start seeing a flight of capital move away from altcoins like Ethereum, Cardano, & Ripple to take profits by moving back into Bitcoin. We may be in the early macro stage of a reversal in BTC.D trend to see strength into Q3 & Q4. If this is true, depending on your tax situation, the best method of navigating this portion of the market cycle will mean hedging altcoins profits back into BTC. It will ensure that less capital is lost with any market correction, assuming Bitcoin sees less % downside than other coins. The key to this is to re-enter altcoins after the cycle begins to tip the other way. To expand on this further, I believe Ethereum will form a new all-time high before the end of this year. However, this does not mean it will happen soon. I think that Ethereum will have a second impulse to form a higher high (new ATH) while BTC lags behind it. If I sell any Ethereum to Bitcoin, I would be dammed to not get back into Ethereum after the next pullback. We will cautiously shift away from dominant long trades on margin and incorporate more shorts to hedge long-term spot positions when it comes to day trading. Lastly, expect strict regulation in the cryptocurrency market coming into 2022—snipers Out. #BITCOIN #ETHEREUM
CRYPTOCAP:BTC.DLong
by TradersProfitClub
4
HBAR / BTC - BTC.D in Rising Wedge, Alts in Falling WedgeAt the moment, it looks like Bitcoin wants to rise against alts, and it may do so in the short term, but mid to long-term a rising wedge coming out of a downtrend is a bearish continuation pattern for bitcoin dominance, while a falling wedge coming out of a downtrend is a reversal pattern. Hence, I think there's a good chance alts like HBAR and others are going to see some pretty nice gains against bitcoin. Preface this with the fact that patterns like this aren't always successful, especially in crypto, but they are "reliable" most of the time. Keep an eye on both and let's see if it does what it is supposed to do. Related ideas linked below
Long
by dudebruhwhoa
3
August 2021 Update: Ser When Next Alt Season?In my previous idea, I had a bias towards BTC.D going up but was willing to change my opinion if one of these two happens between: 1. ETH and major DeFi show reversal patterns on the 12h charts AND 2. BTC continues to be neutral to bullish . Well as luck would have it, both 1 and 2 happened so I have been scaling into alts slowly over the last few weeks. This is a breakdown of a triangle so I expect trend to continue. Alts INCLUDING ETH trade at Bitcoin's mercy so alts will only outperform BTC if BTC remains on a slow uptrend/sideways. A good sign of strength over the last two weeks is that alt/btc pairs have looked strong despite the BTC move to the upside. I expect alt season to end when BTC starts making new all time highs. Will scale out of alts when that occurs.
CRYPTOCAP:BTC.DShort
by brotoshee
Alt Season Round The Corner !?!? !!! Please keep in mind I use Daily, Weekly & Monthly charts period !!! Disclaimer - This is not Financial Advice. Bitcoin Dominance Chart is forming a rising wedge this generally indicates a break out is about to occur. As the trend was heading in a downward direction, we should see the downwards action continue, however, this won't be confirmed till the break out happens. I have plotted the directions I believe the chart will follow off support and resistance levels. Keep in mind that just because the Bitcoin Dominance heads lower, might not mean the price off BTC will fall but could rise gradually slower compared to the rest of the Crypto Market. If I had to estimate a time frame 1 - 2 weeks for break out confirmation, 1-2 weeks to retest the trend line then 3-5 week downward movement.
CRYPTOCAP:BTC.DShort
by Ikigai_Kaizen
Bitcoin Dominance in for a Crash!!?Bitcoins dominance has been pretty stubborn holding this support level at 45.74% but i think in the coming days we are going to see a decent sized drop in BTC dominance, we have wicked below this support level and are slowly coming down trying to push through it, lower dominance will be key for altcoins to really start exploding, same thing for BTC, we saw low dominance levels a couple months ago and we were seeing nice pumps in PA. What i noticed that could be very important is that todays candle/wick has touched down on the bottom band of the BB's, if we can see this continue we will likely be in for a big slip to the downside, now at first this could pullback the market a little bit but afterwards Altcoins especially will begin to rally, If we do see a drop in dominance it will be key to have that midline on the bollinger bands which right now acts as resistance below the support we are stuck on right now, this gives us a second layer of resistance so pumps back above this support are more unlikely. Im hoping if we do take a ride down the bollinger bands it gives us enough power to push through the next support level at 44.6%. The MACD is looking very positive for this prediction, we are a long way away from a bullish cross especially with our MA's seeing bigger separation, the Blue MA is pointing down pretty heavy leaving the orange behind and we are seeing bigger bear momentum on the histogram. Now the WaveTrend also lines up with this prediction we are almost pointing straight down and we are now passing through the mid section where it was the most likely spot for a reversal, we are likely about to see another bearish wave on the histogram here it looks like it is already starting with no sign of slowing down, ALT Season may not be too far away! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC Dominance Level 📉👇 (Good for the Altcoins?)💎Technical Analysis Summary💎 BTC.D -The Bitcoin Dominance started moving lower after a bearish retest -The mid-term trendline support is finally broken downwards -The price is now creating a lower low followed by a lower high -If this decrease in value for BTC Dominance continues -The next possible support for a bounce is at 44 level -For now, we can see strong altcoins performing pretty well -I'm expecting at least 5 days good green days for the altcoins -But that all depends if Bitcoin can hold above 44k dollars -Please only trade those coins with a good risk:reward ratio -Do not blindly buy any coins without looking at the risk potentials -Good luck everyone and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
CRYPTOCAP:BTC.D
by PolarHusk
10
Time for alt season? Rising Wedge Continuation Pattern The rising wedge pattern just broke down on the BTC.D chart. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend. Trade opening should be upon once the support (blue) is broken and retested as resistance . Target a.k.a. Take Profit (purple) should be the vertical distance between resistance (yellow) and support (blue) at the starting point of the wedge. Stop-Loss (red) should be placed slightly above the resistance of the wedge (blue). Win to lose ratio : approximately 3:1 Last but not least, the above scenario perfectly coincides with the #divergence (orange) on the RSI.
CRYPTOCAP:BTC.DShort
by Audere_Capitis
ADA is about to gain momentum against BTCFalling Wedge Continuation Pattern There is an easy to distinguish descending wedge pattern on the ADABTC chart that has been forming for over a month. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend. Trade opening should be upon once the resistance(blue) and previous lower high(green) are broken. Target a.k.a. Take Profit (purple) should be the vertical distance between support(yellow) and resistance(blue) at the starting point of the wedge. Stop-Loss ( should be placed below the lowest traded price(red). Moreover, the same level has acted first as resistance and lately as support for the past six months(green-purple channel). Win to lose ratio : approximately 3:1 However, ideally, we would have another signal to back up this theory, such as divergence on RSI. Unfortunately, that's not the case as of now. Last but not least, the above scenario perfectly coincides with the rising wedge pattern on the Bitcoin dominance chart BTC.D and the expected effect of the upcoming release of the smart contract on the Cardano ADA blockchain , which should happen towards the end of August/start to mid-September. However, the concrete date is yet to be set.
Long
by Audere_Capitis
3