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Bitcoindominance

Bitcoin Dominance Bottoms Out ! Turnaround 4hr ? #btc #bitcoin Bitcoin dominance has absolutely bottomed out on the 4hr chart and looks to be doing same on 1 day chart too . Surely the turnaround will happen soon - and we'll see Bitcoin dominance and Btc price start to rise - perhaps through towards August . As you can see we hit a TD Sequential 9 in red and there's hard divergence down with all MAs pointing down as well. Rsi is bottomong out at 6 ! This is gonna turn soon in my opinion and head back up . I wouldn't be surprised if people are coming out of their alt postions soon ( or already . )
CRYPTOCAP:BTC.D
by shimmeringpath
Altcoins just entered Moon Phase 2.0We're already in a risk on window and just confirmed bearish market structure AGAIN! Last time this happened was Feb. 2nd 2020, right before altcoins pumped into our spring rally. Using the Bitcoin dominance chart as a guide for when to take risks on alts (risk on) and when to protect your sats (risk off) allows a trader to maximize opportunity and minimize risk when stacking sats via trading. BTC dominance climbed steadily through the 2018-2019 bear market as altcoins washed out across the board and left holders heavily underwater. As ETHBTC emerges from its current consolidation and Bitcoin continues to range. Expect to see altcoins perform very well vs. Bitcoin. Watching this chart for signs of bullish divergence and/or bullish market structure will give a trader an idea of when this "risk on" trend is drawing to a close and allow them to hold onto the BTC gains they made during the altcoin rally, instead of giving it all back in hopes of catching another wave. Even when trading alts vs. BTC in this risk on window. We never take more than 5% risk on any trade and because we know that altcoins are correlated, we understand the implications of taking multiple 1-2% risk positions, in the event that BTC volatility picks up (which seems more likely with each passing week). Stacking up that risk can have catastrophic effects on a trade account, so we always proceed from a "manage risk first" perspective. With that said. There are a ton of juicy looking altcoin charts out there and we'll be publishing some of the charts that were discussed on "Hxro Labs LIVE" this morning. Always play from a position of strength!
CRYPTOCAP:BTC.D
by Randomtask555
2
XRP/BTC early signs of a Reversal on the 4H! Daily not so sure!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). XRP has been making lower lows for an extended period of time. It tried to break the cloud on the 4H a couple of times before ( purple squares ) but got rejected. Third time is a charm I guess since now it did manage to break through the cloud and R1 on the 4Hour chart. This could be an early indication of a trend reversal, but we have to be careful since the Daily chart is telling a different story. It has only broken the Tenkan ( yellow line ) up and is still trading under the Kijun ( Dark Blue line ), the only indication we have for a possible reversal on the Daily chart is that it bounced off the S1.
Long
by VrotteOtter
3
Altseason Near: What cryptoinvestor doesn't tell youHello guys, in this technical analysis and it's for education ideas, I will want to make there in monthly and weekly if you're a cryptoinvestor, Ethereum Fan, Ripple Fan or whatever. So, today when I was looking for crypto youtubers as channel The Moon, Crypto Zombie, Chico Crypto, etc... They mentioned that Altseason is so near in our invisible eyes. Guys, let's me see that it's a great opportunity to invest in cryptocurrencies. Now, in weekly we are in the bearish channel, and that is a clear distribution zone that many investor are buying altcoin except Bitcoin to buy altcoin. Now, these are an indicator that you're favorite altcoin it's can be to multiply 5x, 10x, 50x, 100x or include 1000x, and why we don't imagine that you're altcoin is multiply until 10,000x. Well, that is my thing, but, look, this is a great opportunity for altseason. You can make this: Make trading with your any altcoin in mind and trade in long, always and when using the price action and operate for Daily or Weekly for mid-term and long-term, but altseason is so near of our invisible eyes, guys, it's the moment to invest, because I'm a Bitcoin investor and some altcoin investor when I pass my all Bitcoin to altcoins. Also, we found out a ABCD bearish pattern, and that mean that there are a possible drop of 50% of crash of the Bitcoin Dominance until the half the the ABCD and could reach a Bitcoin Dominance to 52%, today the dominance is 65%, guys, I believe that it's a good moment to leaved Bitcoin and pass Bitcoin to altcoins, that can to multiply your income. So, my friend that is all for you Now, I have my list of my favorite altcoins and I want to share you: 1. Ethereum 2. Ripple 3. Bitcoin Cash 4. Bitcoin SV 5. Litecoin 6. Cardano 7. Crypto.com Coin 8. Texos 9. Chainlink 10. Dash That is my favorite altcoins, but also, I reccomend to take this list that support you,if you have another altcoin that doesn't are in the list and you consider a good investment, well, is your election. But, my favorite altcoin that I can to multiply for lot is Crypto.com Coin, why there. Because Crypto.com Coin is a crypto-altcoins of Crypto.com of all service of transfer money, and also that most that distinguish this crypto is to make staking of crypto.com and why, people are selected this currency to earn money with staking to fix and protect the Blockchain and network of this cryptocurrency, and that crypto it's one of that growup of user numbers, and coinarket cap put a list that this cryptocurrency has in the top 11, that mean a grant future for this currency. Also, this is not only my favorite altcoin, Cardano and Chainlink is one of my favorites that follow, and that currency are undervalued that imagine a Cardano to multiply for 10,000x, I imagine that, Cardano is also one of the best currency to invest. One of my strategies is when I make trading, I will going to leave 10% of my wallet of trading to invest in cyptocurrency for the time. Also, I interesting to make a technical analysis soon as episode that you can't to missing it, because it's important to know crytpto proyects and writing what is about each crypto proyect that I interesting to know.
CRYPTOCAP:BTC.DEducation
by harisonhbn9718
7
TOMO/BTC Looking bullish on the 4H! Ichimoku Analysis.If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). TOMO has been consolidating since the last move up, yesterday some bullish continuation signs popped up and with volatility going down it could make a bigger move soon. In the two red circles, you can see the Lagging span (Purple line) bounced of the Kijun (Dark Blue Line) and the Tenkan (Yellow line) as well and is trading above the Kijun now. These are very bullish signs and with the Lagging span trading above prices and Kijun the only resistance left is the historical resistance. Just below the Kijun you have the additional support of the cloud SSB and the Pivot. The most important thing to keep in mind if you want to trade this setup would be the historical resistance marked on the chart which also aligns with R1 and if price pushed up you should look and see how it reacts to that level. It could be a place to take profit if you want to play it safe. And when you place your stop it should be at least under the cloud but if you look at the previous wicks it would be wise to leave enough room and adjust your position size accordingly.
TLong
by VrotteOtter
Bitcoin Dominance Quarterly ReviewUsing a Heiken Ashi chart type we can see a typical topping out pattern for BTC dominance. This suggests a decline in dominance ready to begin, although playing devil's advocate perhaps it's just a consolidation pattern against the downtrend waiting to be broken to the upside. SparksterSignals team is betting on the altcoin market continuing to perform admirably over the course of the summer and beyond so we do expect money to flood into the altcoins as innovative projects gain partnerships outside of the crypto industry and utility builds towards the digital economy. That is to say, we think bitcoin dominance will head down over the next few months. Check out the short-term moving averages (light yellow and blue) which has just crossed over to the downside. We also see the monthly Heiken Ashi candle as of today, 1st July, is painting red.
CRYPTOCAP:BTC.DShort
by Sparkster
2
BTC Dominance, Weekend volatility!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BTC Dominance has broken down out the channel it played for the last couple of months as discussed in the previous two linked ideas I published on the subject. On the Daily chart it is still holding on S1 as support but in yesterday's weekend volatility it did go and retest the bottom of the channel but got rejected. It's still unclear how it will move from here and weekend movements are never reliable. The Kumo cloud is still pointing to more downside, but we have to see how it plays out if it breaks down S1 or breaks through the resistance of the channel back up. It will affect a lot of ALT pair trades, and I am sure a lot of ALT/BTC trades got stop lossed out in yesterday's choppiness. It shows us again how unpredictable the weekend can be and how important it is to pay attention to the dominance chart.
CRYPTOCAP:BTC.DShort
by VrotteOtter
9
BAT/BTC 4H Ichimoku analysis. Be careful trading this!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BAT has just completed a full Elliot Wave pattern on the 4H, this in general means the end of a move (5 point wave), and as it's very far from the cloud it does seem quite overbought, this is confirmed by the RSI. Usually, this means it's time for a consolidation phase or reversal at least for the short term. I did miss the move on BAT which happens, you can never catch all opportunities in a market, but people asked me to have a look at it so I thought it would be good to post this as it is at a reflection point. Chasing is always a dangerous move, it just broke the 300EMA which is quite bullish, although other things point to it needing a breather. So if you wanna trade this be very careful and wait for confirmation of continuation!
by VrotteOtter
1
🤔 Bitcoin Dominance... Interesting. (BTC.D)💰 LET'S GET INTO SOME BITCOIN DOMINANCE ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🤷‍♂️ Neutral - 3day Chart - Red Candle - 3/3 EMA DOTS Red We are red across the board on bitcoin dominance but I will tell you why I'm in a neutral standpoint as of now. Currently we reside on a multilevel support as this is the 3rd test for upward support. That is a good sign if we can close green off support to push btc dominance back up. The ultimate test will be the squeeze to enter a breakout phase in the contraction point where the green arrow is represented. A break below support would be extremely bearish on btc dominance and a break above would be bullish on btc dominance. We do not have any green confirmation yet on the ema dots or the Crossover strategy but notice on the bottom that we do sit in a historical level of oversold territory. This kind of gives me mixed emotions on where altcoins go next as we continue to sit in the range. Remember we look to buy when everything confirms green then followed by a breakout for a very strong confirmation. A break below will be good for alts. Will be interesting to see how the dominance of bitcoin plays out. This post is in reference for alt season. Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
CRYPTOCAP:BTC.D
by UnknownUnicorn2319099
1
VET/BTC Can Vechain keep it up and break through?If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). Vechain has been on a wild ride in recent times and completed the first 4 parts of the Elliot wave. It's now-retracted and consolidating in a bullish flag/symmetrical triangle pattern. The Tenkan (Yellow Line) is above the Kijun (Dark Blue line) and the price is holding above the Kumo Cloud. The main thing to look for is if it can break the historical resistance marked with the dotted line, on a breakout of the triangle. The probability whit this pattern is in favor of a bullish breakout but a strong horizontal resistance is always a level to take into account. If it breaks that resistance it should give it a good boost and then the upside could be very positive.
Long
by VrotteOtter
3
BCH/BTC 1D/4H multi timeframe Ichimoku and Bullish Divergence!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BCH has been on a bearish trend lately. Now after testing S1 4 times ( circles ) it does seem like it found a bottom. And during those 4 bounces of the S1 the RSI has shown a stronger divergence on each test ( Purple rectangle ). It's still under the cloud and under the Kijun ( Dark Blue line ) on the Daily but is testing the Tenkan ( Yellow Line ). On the 4H the Tenkan crossed over the Kijun which points to some bullish momentum coming. The timing could be difficult but it does seem likely it will try to go up a bit and with the cloud and Kijun on the Daily being a strong resistance there are a couple of plays. If you wait for a break of the Kijun on the Daily you would have better odds and take profits on the first test of the bottom of the cloud as it should give resistance at least on a first test, but if it breaks through the cloud the upside potential is 100%.
Long
by VrotteOtter
2
BTC Dominance breaking to the downside? Alt Season confirmed?If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). As I said in my previous linked analysis of BTC Dominance it was trading at the bottom of the channel for an extended period and could go either way, but now it broke through the bottom of the channel and retested it as resistance once. If it can't break through again and retest the bottom as support. It should continue down and most ALTS will pump in comparison to BTC. So this could mean we have an ALT Season on the horizon. Summary: It's under the Bottom trendline of the channel, retested the bottom as resistance, under the Pivot, under the Kumo Cloud and the Tenkan ( Yellow Line ) dipped under the Kijun ( Dark Blue line ) which are all bearish signs.
CRYPTOCAP:BTC.DShort
by VrotteOtter
5
#BTC Dominance! Fractals! Alt season is not over YET?Welcome to this quick update guys. Like my previous Dominance update I shared both the bull and the bear scenario. In this chart I would like to share with you some reasons why I think Alt season may continue for more 7 weeks. Please observe the chart with me: The Fractals, you cn see the black poly line waves have been moving like a rhyme . 50D MA: Whenever Dominance breaks below 50D MA we have seen extended rallies for altcoins. Potential Bearish Pennant in formation which generally breaks to the downside. And most importantly the altcoin Hypes isn’t over yet. There are still mainnets to be launched, rebranding to be done, testnet to be released, Big announcements to be done. So on the basis of all these technical and fundamental reason I think we can see an extended alt season is not OVER YET for the next 6 weeks. If you like this idea please hit the like button to support my work. Do not forget to follow me for more future updates on altcoins and bitcoins. STAY SAFE #Peace
CRYPTOCAP:BTC.DShort
by Cryptorphic
43
Bitcoin Dominance with TOP10/20 Altcoins | ExplainedThe Bitcoin Dominance (BTC.D) chart isn't as straight forward as it looks... It being bullish or bearish doesn't necessarily mean that Bitcoin will go either up or down... Let me explain. Most of the cryptocurrency market cap. is spread throughout the TOP10/20 cryptos, and these will determine how this chart will look. If Bitcoin remains stable while the TOP10 altcoins drop, we can see BTC.D rising while BTCUSD remains the same. There is also the scenario where you can see Bitcoin dropping but the TOP altcoins dropping faster than BTC, this would also lead BTC.D to increase. At the present time, Bitcoin Dominance is likely to drop. We have a bearish Bitcoin and many of the altcoins are starting to grow. BTC.D Chart Signals On this chart, we have mixed signals with the bears/red having the upper hand. Prices are trading below EMA50 and EMA10. The trading volume is also lower than before. The RSI is below 50 (leaning bearish) while the MACD is trading below the neutral zone. --- Bitcoin tends to move together with the TOP altcoins when it drops... But when Bitcoin is going sideways, these same altcoins instead can jump. So it is possible to see the Bitcoin Dominance dropping and the altcoins producing higher lows and more growth. Namaste.
CRYPTOCAP:BTC.DEducation
by AlanSantana
9
#BTC Dominance at decisive point. Will alt season continue?Guys first of all please hit that like button to support my work. It takes time keep you all updated with the market. Follow me for more future updates. Let's get back. to this quick update: BTC Dominance followed our previous charts correctly with a 100% accuracy, you can check it by. yourself (I'll post the links in this update). You can observe in the chart itself how the fractals have played out in the chart. Currently it is trading under a channel just like before. Not to ignore that that the current red channel is a rising wedge too which is bearish and we can also see a breakdown which will result in the continuation in this alt season. How do I know when to exit the altcoins if required? Well this is pretty simple if you can observe the chart. If this support holds within 16 june which means if any Daily candle closes in Green making a higher highs, we will exit alts (Not a financial advice). This will confirm the reversal in the trend. And If any daily candle close below the support line alts will continue to rally. I will be posting more updates on BTC altcoins stay tuned and please follow me for more future updates. Stay safe #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
24