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Bitcoindominance

BTC.D Resistance LineLooks like BTC.D is fighting a previous line of support, I know it wants to break through, and will but its just a matter of when. Will DeFi or Alts have another chance to fly or will the market continue to fall with more liquidity being pulled out of Alts into BTC and stable coins? Not trading advice. If you have a mortgage on the line, or have put in more than you can afford to loose in crypto please be very careful and MOST OF ALL do not, i repeat, DO NOT listen to me!
CRYPTOCAP:BTC.D
by NFVeej
BTC.D forecast using fibonacci As we can see BTC is losing power on the high time frame but i wouldn't be surprised to see a retest of the grey zone before ultimately plummeting lower to the fib extension. No candle body closed above the .78 and we had two touches. Also matched with the fact that we are in only phase 2 of the market cycle and have yet to see the true alt season, I highly believe this extension will be met. Note: I have had this plotted for a few months and figured id share as a told you so in a few months.
CRYPTOCAP:BTC.D
by DanyR1
BTC DOMINANCE is picking up the paceEver since the May collapse and subsequent bottom, the BTC Dominance has been slowly rising back above the 1D MA50 (blue trend-line) in such a way that resembles that January 2018 bottom. As you see the LMACD isn't all that different either and if the 1D MA50 holds, the next (short/ medium-term) target is the 1D MA200 (orange trend-line). If BTC D is in a similar situation as then, we should see the alts then gain some momentum after and then give it back for one final bull run of BTC. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Pablito1986z --------------------------------------------------------------------------------------------------------
CRYPTOCAP:BTC.DLong
by TradingShot
19
[UPDATE ALT COIN MARKET] ALTS WOW! Are you seeing what I see? In this video, I'm analyzing the altcoin market by dividing the market cap by the M2 money supply. I also focus on the type of growth we had, the RSI and the timeframe of the cycle. As you can see: - M2 shows that we had a great re-test of the previous 2018 all-time high - More sustainable growth and not a blow-off top vertical log growth like in 2018 - 2021 RSI showed a bearish divergence which usually anticipates a correction and not the end of a cycle. 2018 RSI showed a completely different situation. - The previous bull market lasted more than 1 year while the current one less then 7 months Bonus: we did not break the all-time high of the BTC dominance yet (look at my related idea)
CRYPTOCAP:TOTAL2Long
by Homocryptus
1
$BTCDOM/USDT 30m (Binance Futures) Ascending channel breakdown#BitcoinDominance broke-down locally and is likely to retrace in the coming days. 50MA seems to be acting as resistance now, that would be a good thing for altcoins relief! Current Price= 1113.8 Sell Entry = 1116.2 - 1128.8 Take Profit= 1073.0 | 1025.2 | 992.5 Stop Loss= 1162.2 Risk/Reward= 1:1.25 | 1:2.45 | 1:3.27 Expected Profit= +17.64% | +34.68% | +46.32% Possible Loss= -14.16% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 4x Estimated Gain-time= 5 days
Short
by TradingOn
2
Btc Dominance Almost at Peak??As we have seen when BTC dumps gthe dominance level spikes up significantly and we have seen some nice green days like today after pullbacks, my drawing is pretty accurate so far and we could still see a little more upside in dominance to that peak at 48%. As we can see too this level is a pivot point and there is a good chance we reject off both. We are looking for that bearish double top to then hopefully resume this bullrun, there are lots of factors as you may have seen in my previous TA's we need to see RSI confirmed above the 50. point midline, EMA ribons fully twisting back bullish, the death cross reversal ie. 50 day coming back to get ontop of the 200 day. (Keep in mind those examples are for price and for the most past its reversed when talking about dominance). The MACD still has room to run up to get that double top pattern before ultimately crossing bearish, our blue MA is coming downwards on the orange but still has a bit of moving space. One more thing i like to keep in mind these sorta timeframes are so minimal compared to looking at a macro chart say in a couple years, this is just a small blip on the chart so try not to let emotions get to you thats what causes poor decisions! Not financial advice just my opinion!
CRYPTOCAP:BTC.D
by JacobR905
BITCOIN UP back in the range 28-40/42k USD. Analysis and targetsDear Friends, A while ago I did an analysis on how quickly Bitcoin can recover from a decline. Over the last month, it was a day and a half at most! Looks like we do the same exercise here again only the range is now 28-40/42k So Bitcoin has fallen to the support level of 28000 from before the big rise (28-64k). This is an exceptionally important level. If this level does not hold we are going to see irrevocably lower levels. Personally I don't believe it will. The bull cycle does not seem to me to be over for this year. It may be, but my opinion is that it is not. These actions are all designed to help traders get rid of their coins and then eventually get them to buy again at higher levels (when it is supposedly safe). This is how the cycle of making money keeps spinning. Fear and greed, fomo and eventual losses. Unfortunately for many investors so but of course not for all. Even if a price drops you still have your Bitcoins in your wallet. Only if you sold them or are stopped out you may count the loss. Don't get me wrong, stops are necessary but if you are not a daytrader you should only work with closing of the day candle stops otherwise you will be irrevocably whipsawed. The value of all assest rise or fall but you still own that asset. That is one thing to think about carefully. If BTC can hold 28000 I see the following happening for now. Nothing spectacular but just back into the new range between 28 and 40/42k. The support and resistance levels on the chart with the most important being 34093, 35296, 37059 and 40753. Drop to below 28k = sell as we will soon have 25 and 20k in our sights. Dear friends, please share your thoughts and idea's below. What do you think and why do you think it with or without a chart. I wish you all good luck with trading! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Long
by PegasusTechCharts
27
Bitcoin's Dominance Will Rise. What Does it Mean?Bitcoin’s Dominance is currently located at all time lows. The lowest BTC dominance was at 35% when Altcoins were popping back in early 2018. After the dominance started to increase, the whole market was taking hits especially altcoins. Now the daily chart of Bitcoin’s dominance is suggesting that the dominance is again about to rise and this can mean few things. - Bitcoin will fall in value, but altcoins will fall in value faster (We’ve seen this numerous times, when the market dumps hard, Bitcoin will fell almost always the least.) - Bitcoin will rise in value, but altcoins won’t be able to catch up (Bitcoin breakout from $20000 to $40000) - Bitcoin will be moving sideways meanwhile altcoins will slowly lose their value (2017 rally to $20000 scenario) Whichever of these scenarios will play out, the best strategy would be to either buy Bitcoin or buy a stable coin. RSI is about to break above 60, MACD very likely to push another strong buying wave and the dominance continues to trade at 50 EMA, failing to find resistance.
CRYPTOCAP:BTC.D
by TiborVrbovsky
2
Bitcoin Death cross and Bearish rising wedge. important analysisDear friends, Here you see the 4 hour chart of Bitcoin. Bitcoin is forming a bearish rising wedge. In this rising wedge we see the yellow rectangle / range where the price is moving between at this moment. Also note the 50/ 200 MA with projection lines when the cross is completed. What to watch for now? On a breakout below the yellow rectangle we first see the trend line of the wedge. If this wedge holds then we will most likely get a rebound and back into the rising wedge. If the price breaks out from the bottom of the wedge to the downside, the target is immediately USD 30000. A breakout above the yellow rectangle will take the price to the top of the wedge and immediately a heavy resistance zone. I do not expect a breakout above 43000 USD but another bounce down. I expect the 29000 to 43000 zone to last for quite some time. We can expect the 50/200 MA death cross around June 20. This is very likely to correct the market violently towards 29-30000 USD. In short: Breakout from the yellow rectangle downwards then bottom of wedge. Wedge broken downwards = target 29-30000 USD. Breakout from the yellow rectangle upwards then to the top of the wedge, then to 43000 or first another retrace to the bottom and again to that level to shake all traders out of the trees, long and short. The favorite game of the whales and big funds. wehn the 43000 level is reached then probably back to 30000 USD level to form new bullish patterns there again in the big range. After that bottom forming we will probably see again 43000. When we see a close above 43000 USD with a day candle and big volume, the new targets will be towards old top and much higher possibly 100.000 USD. Below 29000 USD we see 25000 USD and 20000 USD in the picture quickly. I wish you all good luck with trading! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚 By the way, here the chart zoomed out to better understand the situation.
by PegasusTechCharts
28
We buy your pains. 41,174$ is valid.we were so scared that we started collecting it early. It does not touch us 20 thousand even if it comes to 10 thousand, even if it comes to 3 thousand, 1 thousand dollars does not touch it. just don't close. Not investment advice, you could lose all your money. Don't forget to set the stop-loss and Tp points. The more we get scared, the more we want to buy. Unfortunately. It has the opposite effect on us. Set your tp and stop points. it is not investment advice. You can lose all your money in crypto or you can wait 10-20-30 years. Calculate your risk.! Share your risk.! 51471 42667 40281 38375 35830 31105 28824 25633 21690 19658
Long
by TraderEtc
8