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Bitcoindominance

BTC.D 🚀Hi everyone, wish y'all have a profitable life 🍀 📍 I can see some raise in Bitcoin's dominance in parallel with the Bitcoin price growth. ⚠️ BUT, I still am not completely sure if this growth is smart money or a possible bull-trap, however I trade EXTREMELY carefully nowadays, plus I need to see the 44k zone to be broken and watch the volume indicator CAREFULLY. 📌 I personally think that the 50% zone needs to be tested! ⚠️ This growth is not a good NEWS for the Alt-coins. THIS IS NOT A FINANCIAL ADVICE PEACE 🍀🕊
CRYPTOCAP:BTC.DLong
by C_EWAVE13
2
BTC DOMINANCE PASSING A CRUCIAL LEVEL!!Bitcoins dominance level is on the fall once again after i thought we would see it happen a bit earlier but none the less this is positive for the market overall! We have actually passed a very crucial level here that could bring us an overall trend reversal, we have crossed the pivot point and if we can secure a daily close here we have a very good chance of turning to a downtrend which in turn could drag down the market initially but afterwards as dominance gets lower and lower altcoins will start to make some explosive moves. Also looking at the bollinger bands we are headed towards the bottom band which whenever that happens we could see a bigger fall if price action starts to ride the bottom band, very important is if we keep trailing downwards getting that midline on the BB below that pivot point will give us an extra layer of resistance so hopefully we can stay below the pivot point keeping the BTC dominance downtrend going! Now the RSI looking pretty bearish which in BTC dominance terms i see as good, we have crossed through the midline at the 50. point and if we can keep pushing downwards and hold below this line we will be looking at a confirmed downtrend, we have been in an uptrend for a months time now and i feel like we got a good chance of reversing that here and getting back to the bull cycle / altseason! not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC dominance - signalling AltSeason to resume ??It seems to me that the BITCOIN DOMINANCE is signalling that the AltSeason could soon resume !! After having broken down at the 72 level it rapidely collapsed until the 40 level. In my previous post (2 months ago) on BTC DOMINANCE I stated that "it could start overperforming" again (with the 50 level in mind). Now that it has recently reached the 49.22 level it got rejected at the top of the bearish wedge. I think we are done ! If it breaks 47 we could see the Altcoin market resuming again ! We could indeed see Bitcoin making new ATH, but I feel like the Altcoin Market will soon outperform Bitcoin again !! Let's follow BTC dominance closely...
CRYPTOCAP:BTC.DShort
by Dangermousebanana
1
BTC.D Bitcoin Dominance - Elliott Wave + Alt Season!- Update for BTC.D chart on the weekly timeframe. - The chart is showing us that bulls are forming an ascending triangle. - Which is something we do not want to see, if we want ALT SEASON! - However, i bealive the index will continue to drop down after the triangle plays out. - The triangle can also morph into a bear flag, which is something we want to see on the other side. - This is my Elliott Wave count, if you have something better, please let me know in the comment section down below. - 200 moving average is a strong resistance, so keep that in mind! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
11
#Bitcoin Dominance Pump Incoming? Alts in Danger!Welcome to this quick 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 straight to the chart. It's been a while since I posted this chart on BTC.D, BITCOIN Dominance is currently facing the triangular resistance. The rejection would lead to some rally in BTC pairs. Unless we see a confirmed breakout or a breakdown it's better to wait for now. IMHO Bitcoin looks prime at this point so if the current money in the market flows in BTC we won't see much change in ALTS/USDT pairs. Instead, we will see a dump in BTC pairs because of an increase in BTC dominance. What's your thought on this? Do share in the comments section. Stay tuned More updates coming up. Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
1
What to do with Altcoins? 🤔🤔Many people ask for an analysis of altcoins. What to do? When to buy? When to sell? I get questions like this in my personal messages every day! Let's figure out what to do. The bitcoin dominance chart clearly shows that the price has broken away from the significant 40 mark. After that, it has been moving in an uptrend for a month, which is not good for altcoins. The price has now entered a zone where the fate of all altcoins will be decided. Bitcoin dominance - 2 scenarios: a)If bitcoin dominance breaks the upper resistance level, then all altcoins will start to decline further and the best solution is to sell. b) If bitcoin dominance breaks the lower support level, it will be a good buying opportunity and the altcoins will rise well. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
CRYPTOCAP:BTC.D
by Yuriy_Bishko
19
Bull Cycle coming back soon!??Bitcoin dominance is coming up on a very important level which is the pivot point where if we cross and breakthrough here we could see a nice reversal to the downside which means that at first BTC and crypto will most likely fall but after that when BTC dominance is lower markets will start to thrive, especially altcoins! The RSI is also coming up quick on the midline, if we can get a break here and a confirmed retest to the downside we could find ourselves in a confirmed downtrend, this would be very positive for btc and altcoins as we get lower and lower dominance alt coins especially will start to really boom. Looking at the bollinger bands we are sitting right on the midline of the bands and its definitely possible we get a bounce here to the upside, but at some point soon i think we are going to get a break below here where we will then get some more downside momentum.
CRYPTOCAP:BTC.DShort
by JacobR905
3
BTC WARNING! POTENTIAL HUGE DROP INCOMING Bitcoins dominance is looking very stubborn after refusing multiple times to break below the 45% level and now rebounding once again back upwards. I think theres a chance we see a pump in BTC dominance and that usually brings a big hit to the actual crypto markets, i think we could see a 'top' around 48% dominance before then falling back down and ultimately then resume our bull cycle. We are in a pretty "dangerous" position right now with our candles starting to ride up the top bollinger band and in most cases when that occurs we then have a big spike upwards. Our pivot point to the downside is around 46%, and by how things are looking we will have to have a top before we come back down to this level. Now looking at the RSI we are well above the midpoint in now a confirmed uptrend but we are going to be soon approaching the overbought area where then i think we could see a fall back downwards. So overall like i was saying yesterday i dont think this pullback is over for BTC and the market and that we could see some more downside in price or upside in dominance before then resuming our bullrun. I dont think we are too far off here i would say maybe the beginning of august or so is the timeline i would guess that we could atleast start to see some metrics and indicators start the process of flipping back bullish! Not financial advice just my opinion!
CRYPTOCAP:BTC.DLong
by JacobR905
2
Bitcoin Dominance Is Going To Hit The ResistanceBitcoin dominance: On 21st May 2021 the Bitcoin dominance index started the formation of an ascending triangle. Now the priceline is very close to the resistance of this triangle. Previously we have seen so many rejections by this resistance. If the Bitcoin index will be rejected again by this resistance and breaks down the support of this ascending triangle, then it can even touch the lowest value of 35. After breaking down the support and the altcoins will be free to move towards upside or downside Bitcoin dominance. But in case of breaking out the resistance, Bitcoin can again drive the altcoins with its move. Altcoin index: But only breaking down the Bitcoin dominance is not sufficient. In order to start a big altcoins bullish move we need to watch the altcoin index as well and that is Total2 index. This index shows the altcoin market performance excluding Bitcoin. If we take a look at this Total2 index then it can be noticed that previously it was moving in an up-channel and after breaking down the support it has formed a down channel. While moving within this new down channel it has moved very close to the very strong price level support and the support of this down channel as well. So we will need to break out this channel along with the breakdown of Bitcoin dominance as well. Conclusion: Most of the traders are only watching the Bitcoin dominance chart, and waiting for the dominance to be decreased or break down the support. But we also need watch the altcoin index (Total2 index) as well. Because at one side if the BTC dominance will be broken down and on the other side the altcoins index will be moved up then an altcoin season can be started like we have witnessed in Jan 2018. Therefore, it is important to watch both charts.
CRYPTOCAP:BTC.D
by moon333
1
July 2021 Update: When Next Alt Season?This is an update on my previous idea. An ascending wedge is playing out which typically breaks above the upper line of resistance to reach the 1.23 Fibonacci level at the very least. If this happens, it would honor both classical TA, as well as past chart patterns on BTC.D. RSI should also hit 70 like it has done several times in the past. This seems to be the most reasonable plan. The only change is this: I am willing to consider a scenario where there is a case to start scaling into alts as the dominance hits the 20 week MA (about 49%-50%). IF (this is a big if) these things happen: 1. ETH and major DeFi show reversal patterns on the 12h charts AND 2. BTC continues to be neutral to bullish. If either one of this stops being true, I will wait for the ascending triangle to play out before scaling in. And yes: SCALE IN. don’t buy your bags all at once. Its Ok buying little by little on the way up or down, provided you sell at your intended targets unemotionally. Here is a bonus rant following some of the comments in my previous idea: PLEASE for the love of god DYOR before putting your money in shitcoins. Alts DO NOT perform well when BTC is bearish. Yes you can shill me Link or XTZ and show me charts of how well some coins performed during the wider bear market but those are the exceptions and NOT the norm. There are too many coins and picking winners is difficult. Its much easier to buy alts before an alt season where you do not need to be picky. Buy anything that you like. Even if you miss the 10xes you will still 2-3x on your coin that you think isn’t pumping to your liking. The wise thing to do in that case is to book profits and sit back. This is trivial to people who have been in this space for a long time. Even if you are new, the May crash should have made things very clear. The drastic changes in sentiment and price action WILL REPEAT like it always has. Learn this early and you will survive downturns. Most people who stick around do so not because they made a shit ton of money. They stick around because they SURVIVED.
CRYPTOCAP:BTC.DLong
by brotoshee
4