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Bitcoindominance

Bitcoin Dominance (BTC.D) - Altcoin Season ComingUpdate from my previous Bitcoin Dominance (BTC.D) post where I called the 70.21% top and the wick of 72.04% before dropping, you can check it out in the related posts. BTC.D didn't see a single candle close on the weekly over 72.04% which is very good in terms of altcoin season coming as it doesn't look like it's going to go any higher. Previously in the fall of 2019, BTC.D also hit a high near the price it hit over the 2021 new year at ~72.04%. This looks like a classic double top pattern and at the moment BTC.D looks like its holding this uptrend, but could break it and start falling like the price did in 2017 for the 1st altcoin season. With coins like ETH/BTC popping off and making highs for the 1st time since 2018, this ratio looks very promising to dip. Also many other altcoins look like they're at their bottom & starting their reversal like LTC, XRP, XLM, etc.. to name a few. This is just an update from the post, called the top at 70.21% if it reverses down now. If the ratio falls and we see an altcoin season, which could be a possibility now that Bitcoin is already up over 50% since hitting its ATH, it could chill out around $30,000 - $40,000 as these altcoins find their previous ATH prices. Can't really trade the BTC.D besides understand the 'altcoin season index' but here are the levels i'm looking at for a reversal: 58.25% 53.30% 40.69% 35.75% As always please do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.D
by kyer
7
Bitcoin Dominace Quick Update, We are on Edge of Epic Altseason Bitcoin Dominance Quick Update. Bitcoin Dominance is now at support. If Bitcoin dominance breaks the current support level of 64.2%, then the next support is 63.3% and the last major support is 62.4%. We will see a huge altseason if Bitcoin breaks 62.4%. Bitcoin is trading in a range that is a good sign for alts and many altcoins already mooning. It's just a matter of time now, We are on edge of the epic altseason. If bitcoin remains below $35,000 for the next 2-4 weeks, we see every altcoin pumping.
CRYPTOCAP:BTC.D
by Bitcoinik
2
Bitcoin Dominance Drop!!! Possibles targets!!!The Bitcoin dominance it's crash today and we see that the price it's goes down toward the 64%. So, we were into this bullish rising wedge, but unfortunately Bitcoin dominance was down and we can to see a little altseason movement. Now, in weekly timeframe, we see that BItcoin it's leading down toward the 64%, another possibility it's that Bitcoin it's formed a possible shoulder head shoulder in formation for the next weeks. If this will be valid, we can see a possible continuation of the bull rally in Bitcoin. Now, another function it's that Bitcoin it's formed an accumulatio zone to continue up!!! This it's amazing!!!
CRYPTOCAP:BTC.DLong
by harisonhbn9718
Bitcoin Dominance Taking A Rest or About To Crash??Observing the Altcoin market over the last few weeks, we see lots of strength coming into the alts. We've seen several signs that Bitcoin Dominance is ready to pull back. However, will we see a pull-back OR a crash? The Dominance chart broke out of the bullish descending broadening wedge pattern, but now we see rejection from the historical resistance level of 72% - 74%. Support is below at the base of the wedge breakout at 65%, which perfectly coincides with the weekly 21EMA & 55EMA that should serve as support. We do not know if this will be major support or temporary before an even bigger dump below that level. "IF" we do see a weekly close below 65% in the future, that 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.
CRYPTOCAP:BTC.DShort
by CryptoSyphn
Wedge on BTC Dominance Chart (Updated)Same idea as the first chart I poasted a week ago but now the paranoid schizophrenic has found EVEN MORE patterns in the numbers! The colored support lines that we are ranging through right now seem to be a scaled down fractal of the price action we saw in fall of 2019. As of this chart's publishing date, we have just bounced off of the first orange support line, just like we did a couple years ago. Will be looking for more confirmation to see if price action continues to mirror the previous iteration.
CRYPTOCAP:BTC.D
by MarketsAmygdala
1
Bitcoin Correction - BTC/USD predictionBitcoin hit the new all-time high of around $42 000, and at least for now, this level was rejected. Volumes are also lower, and the buyer's appetite seems to be worn-out. I hope this could be a good possibility for buyers who don't want to enter the market at this price. Other altcoins also hit the top, and they are losing. I closed 8/10 of my position at $41 400. I am keeping a small part just for the case of another bull run. If we cross $42K, I will enter the market with a pullback to this support. I am not shorting Bitcoin. I think this is not a good idea. I am heading to a new entry-level to jump in for another ride to the MOON. Here you have Bitcoin entry levels for LONG positions: $36 620 $34 780 $30 650 $28 730
COINBASE:BTCUSDShort
by SMART_MONEY_MARK
Why I think ALT season will hit in Q1 2021 !!!The blue trendline speaks for itself, we are facing strong resistance at 72.40. It is unlikely to see Bitcoin dominance above that area, but if that happens you should consider selling all of your ALTs as they will be shitcoin soon after. So the invalidation for ALT season is breaking above 72.40. BUT HOW FAR WE CAN GO DOWN WITH BTC.D ?! - The most crucial support is currently locating at 58ish, - Testing and possibly Losing that one will be the peak of ALT season, and we should expect BTC.D to retrace from the pink area. Make sure to share your ideas with me and everyone who sees this in the comment section below, and hit that like button ;)
CRYPTOCAP:BTC.DShort
by CryptoSep
My Problem with Alts - DNT as an exampleNo analysis needed. Just a random pump that lasts all of 15 or so minutes to the peak and then dump. At this point...they are, for the most part a joke from a long-term perspective. More than likely I will be setting some sell orders to grab as many ETH or BTC possible should BTC dominance shift down for a bearish phase. Not advising anyone on what to do, but...I should have been paying attention to crypto as much as I was the adult markets even a month or two ago. Feeling the burn on this right now.
D
by JJMa
2
Altcoins | Ready for Altseason?A bit late, but Happy new year to everyone! And wow, the cryptocurrency market started 2021 with a blast. Beginning with Bitcoin, which broke its ATH (All-Time High) big time and is still going strong. Then fi-na-lly alts started to regain strength since the beginning of November. But now we are actually seeing some similar movements since the Altseason in 2017. Let me try to visualize it: 2017 : Bitcoin surged up to $20K → Altseason started 2020 : Bitcoin broke ATH → Altseason? Can we see a similar bull-run in 2021? Well, as of this moment, nearly the whole cryptocurrency market is surging massively. I think the potential is really there, especially when thinking about this idea above. In addition, Bitcoin, Ethereum, and even other smaller cryptocurrencies such as VeChain Thor are still holding these insane highs. Lastly, in these awful times of the COVID-19 pandemic, people are in general spending less than usual (like travelling and going on holiday). Therefore, people are looking for other ways to do something with their money → People start to invest in stocks and cryptocurrencies (especially youngsters). But in the end, we have to see it within the coming period. What do you think? Will we see a massive bull-run, or can we expect a retrace?
CRYPTOCAP:TOTAL2Long
by djaanos
Wedge on BTC Dominance ChartThere seems to be strong resistance at the 70-75 range on the BTC.D chart. Similarly, there appears to be a long-term trendline acting as support, starting at the ETH+Alt peak in January 2018, which would meet the resistance line in late 2021. Colored trend lines running through 2021 are potential support zones. Strategy here is to sell BTC for alts when the BTC.D hits the resistance line, then convert back to BTC at the support zones. Convergence of the two macro trend lines also corresponds with the hypothetical BTC top derived from the S2F model. In theory, BTC will touch the macro resistance line for the last time at its peak then fall, breaking the support line and ending this cycle's bull run.
CRYPTOCAP:BTC.D
by MarketsAmygdala
BTC dominance at an inflection pointHello all. Hope your new year was a happy and safe one. Bitcoin sure has had a good new year. On an absolute tear as of late. I wanted to share some trends I'm seeing play out. 1. As you know triangle and wedge patterns can take a while to form and not be truly apparent until we get close to a breakout. It appears that we are seeing an ascending triangle forming on the weekly. We are at a major point right now. A breakout at the bottom over the next few weeks would put us in Alt season territory with Dom. at 60. A top breakout would delay any hope of an alt season for a while. Every aspect of Bitcoin right now is overextended. The only indicator that's not is MACD but it always lags so no surprise there. I'm also seeing major bearish divergences on Bitcoin's price. Bull markets can be irrational so who knows when it will break. When it does though it might be hard and fast and I wouldn't be surprised to see it at 20-30%. Could a retest of prev. ATH be in play? Who knows. 2. Ascending triangles are known to be continuation patterns. Although a triangle pattern can break in either direction BTC.D seems to be forming a huge bear flag. 3. RSI is overbought and at a point of historical resistance. As you can see it has never reached much higher than where it is currently 4. KDJ is forming a bearish divergence 5. On the daily chart not pictured there is a bearish divergence on RSI as well. It's also an almost exact copy of the fractal from Nov. 2017 before the violent drop in Dominance. I'm also going to link in a chart of the OTHERS.D (Alt. dominance). It's forming an ascending triangle as well but moving in the opposite direction with a breakout possibly in late 2022 early 2023. If you subscribe to the lengthened cycle camp then this lines up. Also what happens when OTHERS.D breaks out to the upside? Will we be in territory where BTC dominance won't matter anymore? I don't see Bitcoin ever losing relevance but it may lose it's dominance one day, fulfilling part of it's purpose of starting a new era of decentralization. Then when the market is mature BTC dominance won't matter as much. Only time will tell...
CRYPTOCAP:BTC.D
by devinlightart
1
BTC Dominance - An Existential Threat to Alts IIThere is a reason for this chart to look the way it does, multiple actually. Since I last charted this (I look at it daily), we were well below the trend-line. Make or break time for alts I think as a whole. BTC is king, first mover, and a lead that refuses to let up. Outperformers seem to be a temporary thing. Corporate backing - inflows are primarily into BTC - you got your corporate adoption, but it is still heavily skewed towards BTC, with a few others benefiting, mainly ETH and to a lesser degree LTC. Regulation seems to be taking a swipe at various alts December it was $XRP, now privacy coins $XMR, $ZEC, $DASH - what next? I have a feeling that the last alt season we saw in September of 2020 will be the last for a long time, if we ever see one again. Also curious what the smashing of the alts will end up doing to ETH. Last bear market saw a lot of alts selling their ETH which drove ETH prices down during the bear market.
CRYPTOCAP:BTC.D
by JJMa
BTC DOMINANCEBTC Dominance Weekly chart analysis Pure C&H pattern (rocket bullish pattern) Now btc dominance faces multiple resistances : c&h neckline resistance Horizontal resistance Trendline resistance 200 EMA dynamic resistance If btc managed to break this point Btc will rocket moon more than any one will expect Alts will bleeding more specially satoshi coins That's why in last days i share only tether coins signals I hope dominance not breakout up more In hope alts can have breath to grow 🚨 Please take care of your active trades And be ready for everything at this senstive area Good luck 🤞
CRYPTOCAP:BTC.DLong
by Babenski
7