ETH/BTC - WEEKLY LEVELS TO WATCHThese are the currently levels to watch on the Weekly timeframe for ETH/BTC.
A break above the current block will mean we're headed up to the next Liquidity block = Party time for ALTCOINS!
Failure to break it, we may have a big retrace and head lower and see a retrace in Ethereum and other Alts.
Bitcoin Dominance is also something to watch - Bitcoin Dominance is Bitcoin’s value relative to that of the whole crypto market. It takes Bitcoin’s market capitalization compared to the market cap of market cap of all Altcoins.
Coinmarketcap.com explains it like this: " Let's imagine that the total market cap of all cryptocurrencies currently stands at $100 billion. If Bitcoin's market cap represented $60 billion of this, Bitcoin's dominance would stand at 60%. "
We are more in favor of breaking higher but will have to wait for a Weekly break above the block to confirm higher upside.
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Bitcoindominance
#bitcoin dominance... how this decade could play out... what are your thoughts
this would actually be healthy
and support my longer term views of increasing adoption
#stablecoins
#defi
#doge
#ltc
#xrp
and many other #alts will continually chip away at the #godcoin
it still may reach insane #USD numbers including John McAfee's $1 million dollar prediction
But space is growing faster than Bitcoins inflation rate, lol ... and BTC can only get so many people excited.
What if #coinbase releases a token, apple and so on...
BTC Dominance double-top formation just hit measured objective..Just a quick note to say that $BTC.D just tagged 41.40%, the measured target of the double-top formation.
Perfect timing too considering what's currently happening in the market.
Will $BTC dominance rebound a bit from here? I suspect so but incoming days/weeks will tell for sure.
BTC Dominance Taking a dump!BTC dominance is falling more and more while the altcoins start to perform hot, especially Ethereum! We continue to make lower lows with us hitting low 42% dominance, came up a little bit since then but looking very bearish. However i do expect a short term bounce off the 40% dominance level due to it being strong historical support. Looking for a peak for alts around 35% BTC dominance. We are getting pressed down hard by bearish ichimoku clouds, with us starting to point even more straight down. RSI Continuing downwards sitting in the "oversold" zone which doesn't really apply to dominance but keep in mind for us to be in a confirmed uptrend we need to see the RSI Climb above that 50. point and stay there, so we do have quite some time before that happens. Not financial advice just my opinion!
Bitcoin Dominance and 2018 Peak Correlates to NOWI've posted a similar chart a few times, but wanted to check in on it as an update. I believe this bull run is coming to a close soon, but institutional investors are leaving a big question mark if the crypto cycle will play out the same. See chart for comparison of 2018 and now. Let me know any questions if the charts confuse you.
Check further screenshots below. Tradingview didn't save a couple lines.
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BTC Dominance - altcoin season is coming🔥BTC Dominance continues dropping. Soon we'll see a lot of examples when coins will pump every day.
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
BTC.D worth to keep eye onHello everyone,
BTC.D H&S paterns target is almost reached
We might see a dominance bounce and suction of some overbought alts into papa soon
Rejection in the red zone in circle might cause a further dominance drop till end of the year in to the new lows.
Cheers
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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How to chart crypto market caps beyond TOTAL, TOTAL2, etc.! TradingView offers some awesome abilities to chart the entire market cap for cryptocurrencies using TOTAL, TOTAL2, and OTHERS under CRYPTOCAP. However, I often find myself having inquiries beyond just these symbols, so I would like to introduce how to show other market caps possible using some simple math.
For those who are unaware what the symbols mean under CRYPTOCAP, here is a brief introduction to a few of them:
* CRYPTOCAP:TOTAL - The entire market cap of all cryptocurrencies in the world such that if you were to own every cryptocurrency everywhere, this is how much money you would have
* CRYPTOCAP:TOTAL2 - TOTAL minus the the market cap of Bitcoin
* CRYPTOCAP:BTC.D - Also known as "bitcoin dominance", this represents the percentage of the total market cap which is made up of Bitcoin
* CRYPTOCAP:ETH.D - Similar to BTC.D, this represents the percentage of the total market cap which is made up of Ethereum
* CRYPTOCAP:OTHERS - TOTAL minus most of the cryptocurrencies provided by CRYPTOCAP that end in ".D"
Additionally, for a full list of what OTHERS omits, this can be found at the following page by excluding all the prices described under the section "Total Market Capitalization Dominance, %" on that page.
However, sometimes you might be looking for further market caps (e.g., just bitcoin, etc.). For these, here are some useful equations that might help you out:
* "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" , aka "the TOTAL market cap for BTC" - The easiest way to calculate the market cap of BTC is "TOTAL-TOTAL2", since the difference between TOTAL and TOTAL2 is the whole of BTC by definition
* "CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap for ETH" - Since ETH.D is the total percentage of ETH in the market, multiplying this (as a percentage) by the total market cap yields the total market cap of ETH
* "CRYPTOCAP:TOTAL2-CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap of everything BUT BTC and ETH" - Since we just calculated the total market cap of ETH, and since TOTAL2 is the total market cap minus that of BTC, subtracting the latter from the former yields the total market cap minus the two largest behemoths
I should note as well that the market cap of any currency can easily be calculated using the formula ".D*TOTAL/100" so long as "COIN" in this formula has a "dominance" indicator under "CRYPTOCAP", e.g., XRP, LTC, BNB, etc.
To chart any of these symbols, simply enter in the above formulas (without the quotes) instead of the symbol when using the search box in the interactive chart in TradingView. For example, instead of searching for "BTCUSD", try searching for "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" instead.
Hopefully folks find this useful for their future charting endeavors.
Alt Coins TOTAL2 Same Chart Linear vs LogarithmicVery interesting to put the time frame to last 5 years and compare alt coins (TOTAL2) market cap. As you can see in the linear version we have had a significant increase in total money in the TOTAL2 market cap. However, logarithmically we have not really seen anything yet.
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Bitcoin Dominance looks interesting :D BTC Dominance has easily destroyed its previous resistance levels.
📌 Next resistance are 44% then 41%. I am clueless what is going to happen afterwards but, if Bitcoin's dominance continues to decrease as fast as now the game may change (I do not believe in that)
⚠️ with such a down-trend in Bitcoin's dominance the ALTs are going to have a party... I will share which of them are interesting.
Ask me if you have got any problem and/or question about the chart or the analysis
Bitcoin could continue to fall!BTC has been taking a bit of a hit dominance wise and price wise, dragging some of the market down but not all alts. What I am mainly looking at is the MACD we are seeing a big swing up and now seeing a very bearish looking MACD with our orange about to cross ontop of the EMA and the MACD Leader (Red) is beginning to slope pretty heavily to the downside. We could see a big drag down in most parts of the crypto market if bitcoin continues to fall, We have aprx -6.5% to the 0.3 FIB level so keep this in mind. Another very big indicator is the RSI, we have crossed a pretty good bit past the 50. point and if we don't see a recovery soon BTC will be in a clear downtrend. The EMA ribbons are beginning to squeeze together and something to watch closely is seeing if the green ribbons begin to twist below the red ribbons, this would also be a very bearish indicator. Remember that with BTC falling some coins will follow but as dominance goes lower and lower alt coins will begin to fly very very high. Not financial advice just my opinion!
BTC DOM (UPDATE) - Alt Season Is Officially Here The last major support is broken and BTC dominance is tanking at rates not seen since last bull run - highly unlikely we will go down all the way in a straight line so expect some sort of bounce, as to where that will be is hard to tell as there is basically 0 support until 35% so it will rely entirely on the natural market movements.
Getting to the lower part of the channel its been respecting for a couple of months - if we see a break it will only drop at a faster rate.
SEE PREVIOUS BTC DOM POSTS
BTC DOMINANCE TAKING A HIT WHILE ETH SOARS!!we're seeing heavy downside right now in BTC dominance and Ethereum is loving it! I personally believe we are just getting started with this altcoin season, Bitcoin dominance still has a big fall ahead historically speaking, we have little to no resistance left until our heavy support at 40%! As dominance goes lower alts will go higher. We see very heavy downwards pressure from the EMA ribbons with them spreading out and heavily pointing to the downside. The Zero Lag MACD has recently flipped bearish and printed a "sell". If we see the blue and orange on top start to spread out we could see a very very large fall so always check the Macd, we are still around the mid point and could possibly do a full swing to the downside! Rsi Continues too hangout in the bottom "overbought" area pointing down with no signs of popping back up, we could see a little reverse soon but i think itll be very brief and we will continue bearish for a few months! NFA just my opinion!
Bitcoin Dominance might continue dropping to 39%Bitcoin Dominance might continue dropping to 39%
yesterday i published an idea about the Total2 (Crypto market-cap excluding Bitcoin) it was featured by Tradingview as a Editors Pick. you should check it out!
today i am looking at the Bitcoin Dominance chart to hopefully see how it correlates with my findings in the Total2 chart.
we can see here a ascending triangle which usually breaking to the upside 70% of times but we can see it broke down.
knowing that the break down target should be most likely nearby the low of the triangle i used Fibonacci tools to find confirmation for a target nearby. The Fib retracement helped me identify the obvious target of 39% which seems to be also confirmed by the Fib Circle.
So now i have 3 tools pointing me to the same target. Giving me confidence this could be in play.
Time will tell.. lets see..