Get started

Bitcoindominance

Bitcoin Dominance: A Slow and Steady Rise 1D (Jun. 1)X Force Global Analysis: In this analysis, we explore the Bitcoin dominance chart in order to determine the probable cases of Bitcoin and altcoins that have been on a bullish rally. Analysis - Bitcoin dominance is trading within an ascending parallel channel, forming higher lows and higher highs - Within the ascending channel, we are consolidating in a smaller descending channel - This is a textbook bullish flag pattern, and it is expected that we see a potential breakout - Dominance is reaching close to the ascending trend line support and the 0.382 Fibonacci retracement support - The Relative Strength Index (RSI) is at neutral levels, having formed higher lows and higher highs as a sign of strength - The Moving Average Convergence Divergence (MACD) also shows decreasing bearish histograms, and a potentiality for a golden cross What We Believe Essentially, this indicates that capital that has flown from Bitcoin to certain promising altcoins, may flow back into bitcoin, leading altcoins to a bearish trend. A breakdown from the ascending parallel channel would negate this theory. Trade Safe.
CRYPTOCAP:BTC.D
by XForceGlobal
The Battle of Bitcoin Dominance BTC.D remains compelling as the bulls and bears battle over bitcoin maximalism vs a new epic altcoin bull run. If BTC can get ahead, it will trigger a surge of altcoin selling as the market floods bitcoin and fulfils the maximalist dream. It altcoins as a whole maintain higher % gains than BTCUSD, then BTC.D will weaken, drop back away from the current major long-term resistance level (shown white) and BTCUSD holders will look in envy as altcoins surge this summer. As of right now, we are neutral.
CRYPTOCAP:BTC.D
by Sparkster
#BTC Dominance more down ? Alts will rally again!Welcome to this quick update. BTC dominance got the support on 50D MA and retested the mid line of the channel. With strong resistance the mid line didn't break yet. I am expecting THE CURRENT DAILY CANDLE to close negatively within the daily close. If it does alts will be green within tomorrow as it will confirm the rejection. I have posted some alts in my telegram channel like BEAM DREP ALGO WABI STX BAND GRS ZIL and many more which will be a very good hold for the month of JUNE. My previous 20 altcoin setups have played amazingly, like DREP 15 sats to 57 sats : 280% THETA: 1100 sats to 6400 sats : 480% RVN, MATIC, CELR OVER 100%.. and many more. Trading all of these signals perfectly. Reason is following DOMINANCE for which I always keep you updated and getting into the right alts at the right time. Stay tuned I'll keep this idea updated as always. Thanks for reading, please hit the like button if you like this update. #Stay safe #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
11
Bitcoin Dominance Losing Steam, Again? Bitcoin Dominance made a strong recovery in recent weeks, up to it's key resistance trendline. The weekly chart shows BTC is making a test of that trendline to squash alt coins back into a little corner of the crypto pie. But on the daily and 12 hour charts it appears the alts are fighting for a strong comeback. IF this week ends with bitcoin losing about 2.5% market dominance, THEN we may see it's test of the trendline rejected and the start of a major new bull run for the alts.
CRYPTOCAP:BTC.D
by Sparkster
Beware!!! Alteason comming here!!!Hello and good evening in this episode!!! Well, I have an interesting informatio nto still see it. Because some altcoins it's could be a nice movement to earn satoshis or bitcoins!!! Yes!!!! Waoh!!! Now, in this technical analysis, specially in Daily timeframe we have an armonic pattern BAT bearish. So, the proyection it's can be to drop approximmately between 2% or 3%, in some case if the Bitcoin dominance drop more of 3% arrive at 64% and incluse 60%, we can see a altcoin movement a lot to earn a lot satoshis and money!!! So this is my proyection about it!!! Now, I want to share you anything. This is the dominance comportament and also, we can see a short movement of this dominance!!! In monthly, this is a timeframe favorite, look down what this mean? IN MACD is overbuy and this is a good signal that altseaso is comming soon if this grant drop is favorable for the altcoins. Also, the RSI is started below and make a higher low and lower low if you apply the momentum structure. My altcoins preferes is Ethereum, Bitcoin Cash, Ripple and other coins like Litecoin, and other to buy and hope the upper against with Bitcoin
CRYPTOCAP:BTC.D
by harisonhbn9718
#DOMINANCE IS AT CRITICAL ZONE. Don't miss this!Hello guys. This is the most important Dominance chart that you need to. understand if you're invested in alts. Halving is just after few days and people are holding BTC max in their portfolio. Coming to this Chart Dominance is at the most critical Zone now, Break above this TRENDLINE would lead to 10 to 20% more dump in BTC and will eventually get rejected from the upper trendline Resistance. Dropping from that resistance which is around 68.10 we could see a mini Alts season i.e., a 100 to 300% Rise in Potential Alts which are trading currently at the bottom with strong fundamentals in the end of second quarter. Yes It's true read it again! Now if it follows S1 (Scenario 1) in which it fails to break above the current critical Red Dot resistance point where two line of Resistances coincide with each other we can see it dropping to the downside to 62 level. Caution for Alts: If dominance follows S2 and breaks through the resistance of the giant falling wedge channel. There will be massacre in the Alt MARKET. If you ask me my personal call would be a drop from here but still need to be vigilant. So we wait for few days to see how the resistance breaks to the upside or downside. I would personally hold maximum portion of my portfolio in BTC. #Thanks again for reading. If you like my ideas and the hard work I put into the charts please hit the LIKE BUTTON and Follow me for the latest Updates. Stay safe I wish good health to your families #Peace
CRYPTOCAP:BTC.DShort
by Cryptorphic
12
Dominance just about to fall - long on altcoins dips!Hello there, this is our view on btc.d, enjoy! BTC ran towards the halving, which last time leaded to the altseason, so let's check what's bearish about Bitcoin dominance chart! Value has recently triggered our bearish alarm, so now I'm turning it off with a technical analysis about it while we're getting closer and closer to the halving. "Halving" is the main reason that had most of alts at their historical bottom: based on this aspect every altcoin chart looks the same as one another and might have dipped out. This fact is the one which I believe is most influencing mostly holders (also traders, but a little less...) because Bitcoin could no longer be decentralized based on owners: exchanges could eventually have more btc than miners and this is why holders, those who religiously believe in projects and cryptocurrencies firstly aim on decentralization, won't hold lots of btcs anymore (yeah, I know that some people still hold xrp, which is the opposite of a decentralized protocol, but that's it). So, to summarize, people fomoed in btc because of halving and now are fomoing in alts because of the "altseason". Now let's see the technical part, which is a little more my business. Value tried its best to regain back what lost in January, but couldn't find its way above fibo 0.786, which rejected the price forming a dark cloud cover on previous candle. Then once upon a time I heard someone saying "the perfect pattern doesn't exist" and he was totally wrong: the perfect W bearish Gartley pattern (0.618-0.618-1.441-0.786) formed and has just triggered the safe entry at fibo 0.618, targeting at least fibo 0.382 (65.43). Then price just tested the upper trendline (which is the handle of a bigger pattern, visible on weekly chart). Momentum is definitely declining. There are some interesting moving averages lengths other than death crosses (higher) and golden crosses (lower) pending, particularly moving averages 25-50, which could form a golden cross in a couple of days and which can support the price once formed at 66.08. Today's candle is still trading above weighted moving average 10, now a minor support. Ichimoku looks slightly bearish on weekly, nothing on daily. Money flow and stochastic formed bearish divergence with price on recent peaks; other oscillators are only testing lower trendline, coming down from overbought zones (and rising volumes, another bearish fact). After all I'm not suggesting you should invest against the trend, which is still bullish both on awesome and on moving average convergence/divergence: I'm saying that I would never short on alts now because they have lot of room to grow (and yet to fall, given that btc could megadump one more time). A long on alts is possible once it has failed a test back to upper trendline, safe targets are 66.08 - 65.43 - 64.52; if closed below it would go down to the death, if above fibo 0.786 then short on alts (other support and resistance levels if you zoomed out). Trade safe and be cautious with illnesses. Anlvis
CRYPTOCAP:BTC.DShort
by Anlvis
Bitcoin Dominance At A Cross-RoadsBitcoin is on a strong rally right now, perhaps due to the excitement of the halving event next week. We are watching the long-term trendline of bitcoin dominance stretching back to the Ethereum ICO mania of 2017. A break above that resistance would suggest bitcoin taking a stronger position than the rest of the crypto market. Perhaps bitcoin maximalists will cause a spike but prices could return back to that trendline. A drop back below could lead to a rapid decline in bitcoin dominance. One thing is for sure, alt coin adoption is going from strength to strength. What's your current best guess? Will bitcoin's rally relative to the alt coins get stopped by the resistance trendline above? Will bitcoin traders capitulate and pour profits and point algos towards the alts? Second half of 2020 is gearing up to be epic. Follow SparksterSignals and visit our platform for historical backtesting. We'll update as signals appear.
CRYPTOCAP:BTC.D
by Sparkster
Complete fundamental and technical of Bitcoin and ShitcoinsWill try and do my best fundamental and technical analysis. Will separate the two, introduce my bullish/bearish points/opinion and then paint the big picture with a a brief analysis and charts. Bullish: 1. War on cash - People will get more accustomed to digital currencies and get over the idea that 'oh Bitcoin is only digital'. They will also need it to do things the government doesn't approve. 2. CBDC / Libra - Central banks are rushing to create their own digital currencies in order to control the economy even more. China is leading the world and other CBs are following their way. This 99% won't be a blockchain, but it is all about a form of digital cash and having an account directly with the Central Bank. Maybe it is Libra that gets there first and we see it cooperate with the IMF to create an SDR. Like the point above, it just shows why Bitcoin is needed and how more people will focus on the 'digital money space'. The acceleration of everything digital (AI, VR, DA, WFH) is also going to benefit us, as most things related to tech have shown to be more resilient in this down trend and will definitely benefit from people staying home (i.e Nasdaq stocks, Amazon etc). 3. Bank failures - Due to the whole situation with Covid, I expect many failures of banks with many collapsing no matter how much every state tries. Because governments are already struggling and saving banks will be an even harder task. What I see is many will be nationalized, something that would have to come anyways due to CBDCs. Banks will significantly change, as they were already changing dramatically before and there will be some consolidation. Many people ask me: how will people buy Bitcoin if banks don't have the money? Well a. not all will collapse together, b. nobody will sell if banks are failing, c. we've seen it with Cyprus & Greece. Now it will be much much bigger. Like Gold, Bitcoin isn't just an inflation hedge, it is an uncertainty hedge at times where there are defaults (no debasement, no way to lose your deposit). 4. QE / UBI / NIRP - Quantitative easing the way they are doing it now, plus universal basic income coming along with ultra low rates and some buying stocks, definitely sets the stage for Bitcoin. QE and NIRP have deflationary effects on the economy, but there is still more money in the system. With UBI and other policies we could really see inflation picking up at some point and maybe getting out of control. In my opinion more and more people are realising the damage and unfairness of these policies, as well as their effect on asset prices in the long run. The more Central banks pump money and try to bring the dollar down, the more Bitcoin will benefit. The fact that people are hoarding money, doesn't mean there isn't more money in the system that can be invested. 5. Halvings - Several shitcoins and Bitcoin have had or will have their halvings soon. BCH, BSV and ETC have already had theirs, BTC will in a few days, ZEC and ETH in a few months (ETH will move into PoS with much lower inflation). Now compare that to what is happening with CBs and fiat currencies. A potential larger Bitcoin rally in Q1 2020 was postponed due to Covid and instead of a large rally we saw a massive capitulation. Now the price has recovered and looks pretty strong into the halving. Normally a few weeks before the halving the price should have had topped, dump into the halving and after the halving. Once the sell pressure is reduced and speculators get wash out, the price rallies. 6. Capitulation - What we saw in my opinion was a massive capitulation and it will be very hard to get back to those levels. The whole situation looked like late 2015 with the mega Bitfinex margin call where there were many longs that were washed out due to an exchange malfunctioning, and from that point on the price rallied hard. At the same time many alts in USD terms really looked like Bitcoin in 2015, especially the total market cap. Whenever we have seen massive discounts on futures and massive liquidations, the bottom is in. Since then we haven't really seen funding/lending rates go up, premiums have stayed low and Longs/Shorts are not at elevated levels indicating this rally is much healthier. 7. Infrastructure progress - Over the last 3 years we have seen tremendous progress in the space. Exchanges are much better prepared, technology is much more stable and mature, there is a lot of content to help newcomers and this isn't going to stop now. In my opinion Covid only accelerates this trend. More developers will come in as they lose their jobs or gain time working from home. At the same time it is very hard to get bankruptcies in this space, most projects are well funded and can get more funding easily, no issues with people working from home, 'rewards' are still being paid as staking has nothing to do with a yield from revenue and so on. Most shitcoins are useless, but the developer talent isn't being lost and could move into doing something else more useful than developing for a broken shitcoin that wasted all its funding. Investors might get back to investing in things that matter and not speculative trash. 8. Stablecoins / fiat on ramps - the rise of stablecoins is definitely beneficial as more and more people can use cryptocurrencies even without the volatility aspect. Some of these might be from people who use them to transact / evade capital controls etc, but they are all certainly potential Bitcoin buyers as converting a stablecoin into Bitcoin is very easy. They help provide smoother liquidity across exchanges and all the new USDT/USD pairs for altcoins are definitely giving them a boost. We've seen multiple new ways for people to quickly and easily acquire Bitcoin and altcoins, with more ease and lower costs (less fees & slippage). 9. Staking / high rates / lending - As interest rates are going down or negative, shitcoins and lending platforms are offering interesting ways to people to get yield. They are both very risky and most of their models are broken, but as most people don't know how they work and what the risks are, they are attracted to them and happily invest long term. Now people can easily stake/lend on exchanges without having to do complicated things with their coins. Bearish: 1. Global markets are very fragile and on the verge of collapse. Even though both Bitcoin and Gold are up the year vs the USD, while nearly everything else is down... If the dollar has a 10-20% spike which is possible, we could see them go much lower. It was and is clear that Bitcoin will keep recovering faster than other markets, but what if this was the first leg of the collapse, which might have another 2 or 3 major moves down (or huge chop once SPX hits 1600)? This coupled with a sell the news event on the halving, and we could get a really significant drop. 2. Tech has significantly improved, but we are still nowhere near being able to get 5-10x the number of users/holders we have now. Liquid can help ease a lot of pressures, but Lightning is something that needs at least another 2 years of work to be strong and stable. A prolonged bear market will definitely buy developers more time, but the larger the space becomes, the harder it will be to upgrade Bitcoin. Fortunately shitcoins can act as sidechains and can take a huge load off by allowing the flow of stablecoins and other digital assets on them. They will face major issues, but in a bull market non of these really matter as most newbies are clueless and there can be quick fixes as these systems are centralized. The Bitcoin scaling/privacy issues will definitely boost shitcoins. 3. Markets are still illiquid and inefficient. There are too many exchanges, too many pairs. Bitcoin is being used less as collateral for trading or for trading shitcoins directly. Ethereum pairs have decreased dramatically over the last year and have been mostly replaced by USDT. 4. Regulatory issues. Regulations are still not very clear on the space and there is constant fear that they will clamp down on it. It isn't unreasonable to expect them to take negative actions while their banking system or their currency is having huge problems. To be clear however I don't see a ban coming any time before Bitcoin makes new ATHs as it is tiny. Stablecoins and especially Tether could face issues from regulators as the G20 could clamp down on it. 5. Mining, staking and exchanges are making the ecosystem 'bleed'. Mining will cause less problems as more coins are moving into staking models and productions are being halved. However staking is also making the ecosystem bleed through staking fees and taxes. Exchanges do that through fees taken in crypto while traditional markets have moved to 'no commission trading', as are all the people doing the arbitrage. As right now nobody is really using 'shitcoins' or isn't going to and there are no revenues, we could be facing some issues as people are being forced to sell to cover other expenses. There isn't really a product that will generate revenue other that people buying and holding. Overall the FA is quite bullish, but it is clear it is going to be a bumpy ride and not gonna be easy. Now let's see what the TA & QA, and how the FA fits into it. Long/Shorts have gone up significantly since the bottom, but nothing extreme. They are elevated, but nothing compared to were they were 2-3 months ago. Funding rates are really low (borderline bearish near 0.01%), but lending rates overall remain well below 25% for USDT and USD. Futures premiums range between 0-1%, which is pretty healthy for an uptrend and an expiration in 1.5-4.5 months. Open interest in USD terms has gone up, but hasn't recovered since the huge drop. In BTC terms it is pretty low. USDT has a tiny premium despite all the massive inflows, which means there is still pretty heavy demand for it and the market has gone nuts dumping USDT for BTC. CME has only a few minor gaps lower that opened while CME was going down for maintenance, while every other gap to the upside (except 11700) has been filled. The CME CoT report isn't very bullish, as all the 'wrong' people have been going long BTC again. This usually ends in tears, but it might be early. It's open interest has gone up significantly both in BTC and USD, which makes me think a strong move is coming in either direction, but as people who are usually wrong are long, it might be pointing to the downside. On the upside other than 11200-11700 there isn't really any void gap. However to the downside 3600-4200, 5400, 6900-7300 and 7800-8200 there are some areas that the market would potentially test. The market has touched all main PoC on VP (3800 and 6400) which turned into support, but 2500 hasn't been tested and neither has the market stayed enough into the 4000-6000 area. Someone could say none of these will be seen again and that the capitulation candle is enough. Someone could also say that we have accumulated / capitulated enough as this was the second 80% correction from the ATH Bitcoin had, while shitcoins have been destroyed both in USD and BTC terms more than 90%. BTC tested its 300 WMA for the first time, filled the 4100 inefficiency, retested the Yearly S1 pivot, is above the Yearly P, all Willy Woo's models price bottom models were tested (3800-4400) and right now the price is just 3% above the S2F model and 10% above its 200DMA + 1 year VP PoC (both at 8k), it is above its 300 DMA and the halving has the potential to really 'force' it to start its new cycle as after a large hashrate capitulation, today hashrate hit new ATHs. In my opinion right now Bitcoin is pretty fairly valued at 8-9k, despite total longs being somewhat elevated. I still believe than in the next 12 months we will see new ATHs. At the same time hitting 2.5k before 20k is possible. We have seen enough accumulation and price suppression, but in a time of crisis the market could get extremely irrational. In terms of quantitative and technical data bitcoin is fairly valued to slightly overvalued. Fundamentally it is undervalued. Once banks start failing and economies break, Bitcoin could easily pull a November-December 2013. Or Even September-December 2017. If it went from 3k to 20k in 3 months, why can't it do it again and even go higher this time around? HTF momentum is really bullish. It looks ready to pull a massive U turn and explode upwards. On the Daily it is right below key resistance at 9-9.5 which in my opinion is the last resistance that truly matters. Above 9.6k I see nothing stopping it from going straight to 11.2-11.7k. I'd expect it to take a break at 12-14k and re-accumulate between that and 9.5k, but I am well aware it could just destroy everything and go straight to 20k. The reasons I believe 2500 is possible is because near 3k there is a volume gap and the 2500 has been tested only once and very quickly. Now Bitcoin has been forming higher highs, but by zooming out these things look like a double - triple - quadruple bottom. These lows could be swept before going higher. Same holds for ETHUSD and LTCUSD, which could see 57$ and 17.5$ respectively as these areas haven't been tested. I can't see how these two will have their double bottoms intact. Also both of these two have insanely high Long/Short ratios on Bitfinex. Maybe we really see L/S ratios go back below 1:1 on BTC and several alts before going higher. I can't see how these would survive at those levels. For now I am not long any alts as the Bitcoin Dominance looks ready to pop. Either we see BTC drop hard and alts follow or we see BTC pop hard and alts drop hard, so either way volatility could kill them short term. BTC.D is at resistance and just below the 200 & 300 DMA, but I am starting to think that we might get a scenario like Dec 2017 were BTC.D pops hard and then alts moon. That could mean 75-80% dominance for BTC (excluding stablecoins). After the halving the speculation on BTC will die and alts might see flows in them, as the next one will be ETH going to 2.0 which is 'massive'. High BTC prices will definitely draw in newbies which will start buying all that crap. This time around they are on many more exchanges and can be bought way more easily, so I expect big things from alts once things get going. Before going long alts I'd like to see traditional markets go up and Bitcoin stabilize with BTC.D below the 200DMA. Otherwise see both BTC and alts go up together
COINBASE:BTCUSD
by BitcoinMacro
2
Bitcoin Dominance Targets for 2020Given the breakdown structure of Bitcoin Dominance during the 2017 Altcoin Bull Run, and facing the present top formation in Dominance in the spring of 2020, we may expect Dominance will drop as the second and third generation crypto technologies mature. Coronavirus changes medium term expectations. And can be viewed as an event that will distinguish the viable crypto projects from the good ideas that are not ready yet. Altcoin Season 2020 Bitcoin Dominance is only part of the story. It is a great bit of data, but it is the average - and it goes not provide insight into the best altcoins to watch in 2020. Instead, we need a consistent trend following trading plan that we measure each individual crypto against... and continually grade all the coins against this plan so that we come up with a standard measure to determine which are the strongest coins - and which are the least likely to survive. 2020 Will Be A Year Of Delistings Many crypto projects have been working on a shoestring and a hope. With coronavirus sweeping out the world economy, good ideas without business backing... will have to restart again later. By grading each coin on Binance and Poloniex daily, we created a simple Color Coded Spreadsheet that now lets us sort, review and compare the performance of each coin over the past mini altcoin market moves, and we can quickly sort out those projects that showed strength and have pulled back, from those that did almost nothing, and have also pulled back. We have a clear list of about 50 coins on Binance that are the altcoins to watch in 2020 AND perhaps more important, we have a list of coins that may be DELISTED, and never have any gains from the altcoin season in 2020 The Bull Market Watch by introtocryptos.ca Altcoin Season 2020 Will Be Slow Given the general economy, growth in the best crypto projects may not be as explosive as the 2017 bull market. Watch for slower trends in alts, with more moderate targets in Bitcoin Dominance.
CRYPTOCAP:BTC.D
by DigitalCurrencyTraders
2