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Bitcoindominance

Bitcoin Dominance Ready To Take The Plunge?This is an update to my previous chart... Observing the Altcoin market over the last few months, we see the alts have made some incredible moves. We've seen Bitcoin Dominance teetering on the edge over the last 6 weeks. The question is, are we about to see a Dominance crash? Last year we saw the Dominance chart broke out of the descending resistance line and got rejected from the historical resistance level of 72% - 74%. It's been flirting with the 60% support level and now, we've finally poked through below. We do not know if this will cause a crash or reversal at this point. "IF" we do see a weekly close below 60% in the near future, which will signal potentially the biggest Altcoin cycle we've seen in many years. We'll wait for the market to show its hand over the coming weeks/months, and will react accordingly. There are 2 ways of looking at this chart, I'll post another chart below that shows a cleaner look at things.
CRYPTOCAP:BTC.DShort
by CryptoSyphn
Bitcoin Dominance.When wll we move to the 3d phase of altseason?BTC. Dominance update🧨 If consider that now we are in 2-nd phase of altseason, chart says that we meet the major support 51-52%. From here we probably will bounce up a bit, then consolidate some time and then if we go below the major support, we may say that we are moving to the 3-d phase of altseason. Also for information, altseason is over when we will come back to 60% Bitcoin Dominance. As we see on a lot of altcoins against BTC pair, they have not finished they cycle yet, the same is for ETH/BTC which looks very good💪 P.S. It is my personal opinion. I am not financial adviser. DYOR. Have a nice day!!! If you like my reviews and it help you to understand the current market situation, subscribe to the channel, like and follow the updates of ideas that are not trade recommendations. Thanks to your likes, I understand how many people rated my review positively. Thank you very much and thank the sympathetic commentators for understanding. I spend my personal time monitoring the market situation and share my opinion with you openly. I ask you to take this point into account and treats with understanding.
CRYPTOCAP:BTC.DShort
by sorokanstanislav
BTC.D Weekly. Decreasing to correct on support?Bitcoin dominance. Approaching support ( green horizontal line ) and may, if support reached start to correct from the downwards impulse. Dominance had hitherto been in a neat, well defined bullish ascending channel. The orange circle on a similar move is an example of the type of correction we may see soon. Retrace target is the dashed line. If Bitcoin dominance increases to the target the green arrows direct to then we my get some useful Alt buying opportunities.
CRYPTOCAP:BTC.D
by iDoji
1
BTC DOMINANCE GOING EVEN LOWER!?Bitcoins dominance has been on a continuous fall and we are now approaching the 50% dominance level! I think we could see a bit of a hold or bounce here in the short term but i think the continued fall is inevitable, we could see a fall to the 40% and then finally the 35% level. The 35% level was the absolute peak of the 2018 altseason and IMO i think this years going to be a even bigger and better altseason that we are just getting started. It is very impressive to see for the most part bitcoins price has been going opposite to the dominance! We are getting very heavy pushdown from both the EMA ribbons and the ichimoku cloud, the ribbons look like they are starting to open up even more creating more bearish pressure. We are seeing a very bearish cross on the Zero Lag MACD, Our orange has just crossed the blue and the Red MA is starting to come down fast. The histogram has printed a bearish bar and IMO i think we could see this continue for the next several days! My personal opinion for timeline for altseason and aprx from today is 2-3 months. NFA!
CRYPTOCAP:BTC.DShort
by JacobR905
4
Bitcoin Dominance Explained in shortBitcoin is the world’s largest cryptocurrency by market capitalization (market cap) and commands a large portion of the trading volume (and the attention) in the cryptocurrency markets. 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. As you can see in the chart above, the possible outcome from each possible scenario. For many years, while Bitcoin was far and away the largest cryptocurrency - and one of the few in existence - its dominance was much closer to 100% than it is today. However, the Bitcoin dominance dropped significantly as new cryptocurrencies were created. This is probably related to the increased popularity of ICOs after the introduction of Ethereum and the ERC-20 token standard. Interestingly, Bitcoin dominance is often affected by the so-called “alt seasons” , in which altcoins gain market share relative to Bitcoin, thus reducing Bitcoin’s dominance. Note, however, that Bitcoin dominance is not always directly affected by bull or bear markets because it is a ratio, not an absolute term. This means that if Bitcoin falls in price, but the rest of the cryptocurrency market falls at a similar rate, then Bitcoin dominance is likely to remain the same. Although Bitcoin dominance is an interesting statistic to look at, one should keep in mind that it does not reflect its real value (especially because of forked and premined coins, which impact the total market cap in a very unnatural way). Also worth noting, that market cap does not mean an influx of money. It is just a measurement based on the circulating supply and current market price. During the times when Bitcoin was the only cryptocurrency tradeable on exchanges, its dominance was roughly 100%. Today, with more cryptocurrencies in the space, its dominance is certainly less than 100%, but that is not necessarily a good or bad thing. It is only a tool that may give us a better perspective of how the crypto space is evolving.
CRYPTOCAP:BTC.DEducation
by TheArabianWhale
8
BTC dominance heading for 50%Sorry everyone for the lack of TA recently, have been working on some big projects to do with NFTS but still going to try get content out as much as possible! We are seeing bitcoins dominance continuing to fall at a pretty rapid pace (Hence the serious gains in altcoins at the moment) I think we are bound to see a 50% dominance in the near future, The ichimoku cloud has really been pressing down hard on us continuing to print resistance clouds, Aswell the EMA ribbons are really starting to turn down pushing us further down with lots of bearish momentum, also showing no signs of slowing up. Our MACD looks like it is currently peaking and appears to be turning slightly to the downside, I will be looking for that reversal in the next day or so. I believe 50% is inevitable but if we do see some reversal and a move up at most i could see us rejecting off the 57% level and then heading back down. Remember that 57% support that we turned into resistance is historically one of bitcoins strongest levels and will be very tough to break, just my opinion not financial advice!
CRYPTOCAP:BTC.DShort
by JacobR905
ALT SZN// UpdateFrom my research (twitter) and from my own due diligence in analysis, I've found BTC.D to be a good indicator of possible opportunities in terms of when to add or be weary of allocating to Alt coins. Looking back form 2017, we can see that there are a few zones which have been respected over the years, most notably 38-61%. Currently price (and the alts) have had a strong momentum push breaking through the first line of resistance and is now approaching another historically strong zone. Looking at more recent price action, price has also respected the recent downtrend line. In a downtrend price doesnt just drop, like in the first drop, we have to expect a retracement to test a previous level in order to continue going down. With BTC making a new ATH, money is flowing out of ALT coins with a select few still appreciating in price. Is this the end up ALT season? I dont think so, but the possibility of a pull back is definitely close. This is just my view from a technical standpoint, of course fundamentals will play a big roll also in what happens next. If we take a closer look on the smaller TF, we can also see suggestions also of a short pullback for a retest of the broken 61%. My advice that isnt financial advice is to rotate out of ALTs that you cant see a plausible use or those that havent been stable over this past 1-month period. Though everything has been flying, now may be the time to take profits and protect downside. I.E trailing stop. However this depends on your entry, risk averseness and how much DD you are willing to take. Let me hear your thoughts, in the comments, other views are welcomed. I'm here to get rich, not be right.
CRYPTOCAP:BTC.D
by N0ST0PL0SS
BTC dominance fakeout or more downside?! *In relation to my last post* BTC dominance has held up below our long term 57% level which is historically one of bitcoins strongest dominance levels. I see this playing out in two different scenarios, First i think the continued fall is inevitable but we could either see a fakeout for right now and see at some point a climb back up above 57% maxing out imo at 60% Dominance and then continue to fall and once again break the 57% level and continuing down for a big altseason. Or we don't see a fakeout happen and we just continue in the downtrend we are in. We have two more strong major levels of support which i think we will see bounces off of the first time we reach them, 50% dominance and 40%. After that we have the 35% level which was the exact peak of the 2018 altseason, I think we could see BTCS dominance could reach here again by the end of the year resulting imo the most explosive altseason yet. Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
6
Alts to outperform BitcoinYesterday, the total crypto market cap hit $1.938 trillion. And went into a correction. Every week we ask Hybrid Intelligence about what’s next for the crypto market. Here is the question: “The cryptocurrency Market Capitalization settled at 1830B USD at 12:00 PM UTC on Wednesday, April 7. Will the Market cap climb above 1967.3B USD (+7.5%) earlier than drop below 1692.8B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 91% That’s a very bullish indicator. And actually the market cap is already halfway there. As usual, we’ve also asked about Bitcoin dominance: “Bitcoin crypto market share settled at 57.46% at 12:00 PM UTC on Wednesday, April 7. Will Bitcoin's market share climb above 58.61% (+2%) earlier than drop below 56.31% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 14% Usually, a period of lower BTC price volatility is a prerequisite for a boom in altcoins. If Bitcoin won’t dip lower, alts will likely recover even more.
CRYPTOCAP:BTC.D
by Cindicator
2
Will BTC domiance hold this crucial support!?!?BTC dominance is continuing to fall we actually are past this crucial long term support and i will 100% be watching for the daily candle close! If we do see a close below the 57% support dominance could take another sharp fall. Mainly i think because we are riding the bottom of our Bollinger bands which is very bearish and if we dont see a little recover and hold today and tomorrow i believe there will be more downside. Our MACD isn't looking very great as of now we are seeing further separation and no sign of recovering, so this is something to watch aswell! The EMA ribbons are also turning and pressing down. Like I said this is a very important daily close for BTC dominance so keep an eye out, we could start to see some crazy crazy altcoin gains if we continue! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
KEY LEVEL FOR BTC DOMINANCE!!Keep a close eye on bitcoins dominance it has been slowly falling recently under the radar of most people, Im looking for the daily candle close tonight we could see some big volume potentially shooting us under the bottom FIB level for our close. If thats the case we could see a freefall to the 57% support due to the Bottom FIB being our last support until then. I also am looking at the Bollinger bands, the current candle is really hugging the bottom band and if we continue to due so we will see a big drop, last time we hugged the bottom band is shown to the left on the chart and we experienced a aprx. 6% drop in dominance. The MACD doesn't look very good we are seeing it starting to really point down and separating. The RSI is reaching the bottom of the neutral zone soon to be "oversold". Not financial advice just my opinion and something to watch for tonight and tomorrow!
CRYPTOCAP:BTC.D
by JacobR905
1
Bitcoin dominance is officialy dead - long altcoins (altszn2021)Hello everyone, nothing serious here just a update on a BTC.D (Bitcoin dominance chart) As you can seen in the chart below I was expecting a huge inverted H&S formation for altcoins dominance months back allready and it played out nicely. Today a monthly candle closed with a expected 3 white soldiers candlestick pattern and also with higher high Further altcoins increase and Bitcoin dominance drop is expected ChaChain ------------- 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. KEYWORDS others.d, others dominance, market cap others dominance, altcoins, altcoinseason, alt, alts, alt szn, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
CRYPTOCAP:OTHERS.DLong
by Anoinvest
10