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Btcdominance

BTC.D at Critical Support: Potential Altcoin Bullish ScenarioBTC Dominance (BTC.D) is currently testing a crucial monthly support line from the end of 2022. A break below this level could signal a significant trend reversal, favoring altcoins and potentially marking the start of an altseason. Key Points: Critical Support Test: BTC.D is at a key monthly support line from late 2022. Historical Context: The last significant breakdown of this level occurred at the end of the 2021 bull run, with another instance in mid-2022. Potential Impact: A break below the 54% level could push BTC.D down to the next major support around 52%, which would be extremely bullish for altcoins. Conclusion: Losing the 54% support level in BTC.D might lead to a drop to 52%, possibly initiating a strong bullish trend for altcoins. This scenario could be the start of altseason, so keep a close watch on BTC.D for potential trading opportunities in the altcoin market.
CRYPTOCAP:BTC.D
by Richtv_official
Here's What You Can Expect On Wall Street & In The Crypto SpaceThere are no surprises with the U.S. dollar, vix, gold, precious metals, commodities, and stocks. Everything is right on track. We are nearing our SPY blow-off top target of 570-600, but we have some time to hit that before the U.S. election charades and the future recession. We'll review these things and then focus on what price action will look like in the coming weeks for the crypto space. Plus, I have added an extra video for my members in which I'll review the current altcoin entries we are in. I'll let you know clearly what my sentiment and strategy is for trading these coins, a few of which have 3-4x targets! Quickly, I believe our local low in the altcoin space is in and we are going to pop soon. Some coins will fare much better than others. I want you in those coins. Let's go!
INDEX:BTCUSDLong
by stewdamus
USDT.DOMINANCE CHART UPDATE !!USDT DOMINANCE ANALYSIS USDT.D is descending following a retest below the rising wedge. It's also breaking through the MA 50, with a candle close below it confirming a bearish sentiment. Notably, a bearish USDTD trend often indicates bullish momentum for the broader crypto market due to their inverse relationship. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
CRYPTOCAP:USDT.D
by CryptoSanders9563
Bitcoin Dominance at a Key Level: Altseason Incoming?What is Bitcoin Dominance? Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that Bitcoin represents. It's a metric that shows how big Bitcoin is compared to all other cryptocurrencies combined. How Does Bitcoin Dominance Affect Altcoins? Generally, there's an inverse relationship. When Bitcoin dominance rises, altcoin prices often stagnate or decline. This might be because investors are moving funds into Bitcoin, perceived as a safer haven during market uncertainty. Conversely, when Bitcoin dominance falls, altcoins often experience price increases. This could be due to investors seeking higher returns in the altcoin market or a perception that the broader crypto market is maturing beyond Bitcoin. The weekly chart shows Bitcoin dominance reaching a critical resistance level. Historically, in 2016 and 2020, dominance reversals at this trendline preceded significant Altseasons (periods of strong performance for alternative cryptocurrencies). While past performance doesn't guarantee future results, there's a possibility that a similar scenario could unfold this time around. Here's what to consider: Confirmation of Rejection: A clear rejection with a bearish candle formation at the resistance level would strengthen the possibility of an Altseason. What do you think about this? Share your views in the comment section. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
1
The Crypto Carousel: BTC, ALTS, and the Money Merry-Go-Round✅ Bitcoin Dominance, BTC, Altcoins ✅ Today we're diving into the fascinating world of money rotation within the cryptocurrency subclasses. We're talking about the rotation of cash between Bitcoin and altcoins, its younger, more diverse siblings. Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart. - If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size. - If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth. Total Market Cap ( CRYPTOCAP:TOTAL ) and BTC.D Now, imagine a big shiny carousel. Bitcoin is the majestic stallion at the center, while altcoins are the colorful horses surrounding it. Riders (investors) hop on and off, injecting money into the ride (buying) and taking it out (selling). This constant movement is what keeps the crypto carousel spinning. Let's break it down with visuals: Chart 1: The Bitcoin Rollercoaster This rollercoaster represents Bitcoin's price action, and also my view on where we are in the current cycle. (I believe we're in a multimonth correction, followed by the last impulse wave up). You'll need this to know where we are in the cycle right now / LOWER-STABLE: Chart 2: Bitcoin & Bitcoin Dominance Dance This chart shows Bitcoin's dominance, which is basically its share of the total crypto market capitalization (market cap = total value of all cryptocurrencies). When Bitcoin's dominance goes up (higher on the chart), it means investors are putting more money into Bitcoin, potentially at the expense of altcoins. Conversely, when dominance goes down, it suggests capital is flowing towards altcoins. The difference is clear: Chart 3: BTC.D vs TOTAL3 In this chart, we overlay the Total 3 Priceline (turquoise) on top of the Bitcoin Dominance chart. TOTAL3 shows us all alts except ETH. The Bitcoin Rollercoaster and the S&P 500: Imagine Bitcoin's price as a rollercoaster. When Bitcoin surges (line goes up), it can sometimes lead to increased investor risk appetite. This might entice some investors to move funds from the S&P 500 into riskier assets like Bitcoin, potentially causing a slight dip in the S&P 500. Conversely, when Bitcoin experiences a price drop, investors might flock back to the perceived stability of the stock market, potentially causing a rise in the S&P 500. So, is there a guaranteed correlation? Not quite. The crypto market is a complex beast. But by understanding the relationship between Bitcoin, altcoin prices and dominance, you can get a better sense of where the money merry-go-round might be headed. Remember, this isn't financial advice! Do your own research before making any crypto investments. But hey, with this knowledge under your belt, you're one step closer to navigating the world of crypto rotations! _______________________
COINBASE:BTCUSD
by CryptoCheck-
Bitcoin (BTC) dominance for 2023-24Bitcoin (BTC) dominance is a metric that expresses the percentage of the total market capitalization of cryptocurrencies represented by Bitcoin. This value has a significant impact on the development and value of altcoins - alternative cryptocurrencies that stand in the shadow of Bitcoin. In this article, we will focus on the relationship between BTC dominance and altcoins and how the increase in Bitcoin dominance can affect the price of altcoins. The relationship between BTC dominance and altcoins is often considered to be opposite. When BTC dominance increases, altcoins lose value and vice versa. This phenomenon is associated with the so-called "altseason", when altcoins experience a period of growth and investors' returns significantly exceed returns from Bitcoin. In the coming period, it is expected that BTC dominance may increase significantly, which could have a negative impact on the price of all altcoins. This can be caused by various factors, such as the adoption of Bitcoin by institutional investors or increased interest in BTC as digital gold. Given the expected increase in BTC dominance, it is important to invest wisely. Investors should consider diversifying their portfolio, which means investing in multiple cryptocurrencies and/or traditional assets such as stocks, bonds, or real estate. This way, they can protect themselves from a possible decline in the value of altcoins due to increased Bitcoin dominance. In conclusion, understanding the relationship between BTC dominance and altcoins is essential for cryptocurrency investors. By keeping an eye on these metrics and adjusting their investment strategies accordingly, they can potentially minimize risks and maximize returns in this rapidly evolving market. As BTC dominance is expected to rise in the near future, smart and diversified investing becomes more crucial than ever.
CRYPTOCAP:BTC.DLong
by Bitcoinblockchainonline
3
#USDT.DOMINANCE 1DAY UPDATE !!USDT DOMINANCE ANALYSIS USDT.D is forming a rising wedge pattern, nearing the support trendline. MACD crossover suggests a potential bearish turn. A sustained wedge breakdown confirms a bearish trend; a bounce suggests consolidation within the pattern. USDTD typically moves inversely to the crypto market. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
CRYPTOCAP:USDT.D
by CryptoSanders9563
Support zone : 64K-65233.64Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) (USDC chart) It appears that a particularly large amount of funds are flowing into USDC. If the gap increase between USDT and USDC continues, the coin market is expected to continue its upward trend. (BTC.D 1M chart) The key is whether BTC dominance can meet resistance and decline in the 55.01-62.47 range. A rise in BTC dominance means that funds are being concentrated towards BTC. Therefore, if BTC dominance continues to rise, altcoins are more likely to show a weak upward trend or even decline. (USDT.D 1M chart) If BTC dominance falls below the 55.01-62.47 range and USDT dominance remains below 4.97 or shows a downward trend, I think there is a high possibility that the coin market will see a major uptrend. If USDT dominance rises above 4.97 and remains, the coin market is expected to experience a significant decline. It appears that the coin market is showing a fairly good flow of funds. However, although there appears to be a possibility of a decline in the short term, it is expected that the upward trend is likely to remain. If this fund flow is maintained, the coin market is expected to maintain an upward trend until 2025. -------------------------------------------------- -------- (BTCUSDT chart) (1M charts) The key is whether support can be achieved above the upper point of the box of the HA-High indicator. In other words, the key is whether support can be received around 64K. (1W chart) The HA-High indicator on the 1W chart was formed at 65233.64. Therefore, the key is whether it can be supported and rise around 65233.64. Accordingly, it is time to buy when support is confirmed around 64K-65233.64. The volatility period on the 1W chart is before and after including April 29th to before and after including July 29th. If the price holds above the important upward channel during this period, we expect it to rise to around 1.618 (88913.24). Therefore, the 59K (56K-61K) section is an important section. If it falls in this section, 1st: 53256.64 2nd: 42K-47K You need to check if you receive support near the 1st and 2nd levels above. The 42K-43K section is an important volume profile section, so if it shows support in this section, it is time to buy. We are now entering a period of volatility on the 1W chart. Therefore, we need to check the support zone and create a trading strategy accordingly. (1D chart) A period of volatility begins on the 1D chart. Accordingly, the key is whether it can receive support and rise around 64K-65233.64. If not, you should check for support in the 59K (56K-61K) range. If it falls below 56K, you should check whether it is supported in the first and second sections marked on the chart. To continue the upward trend, it must rise above 70231.38. Therefore, you need to think about ways to realize profits by responding conservatively and earning profits or increasing the number of coins corresponding to profits. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
7
#ALTSEASON CHEAT Sheet 2024! When to ENTER ALTS???Hello everyone, welcome to the article! I'm Cryptorphic, and since 2018, I've been accurately predicting BTC Bottoms and Altseasons. I'm eager to see if we can do it again this time! Those who've been with me for a while know this isn't about boasting, but rather about getting your attention on the right track. By the time you finish reading this article, you'll have a good idea of how and when you can enter Altcoins! If you want to see my track record, check out my past dominance charts from 2018 onwards! Altcoins are currently trading 50% to 70% down from their recent highs in February and March. Is it the right time to enter altcoins, or should we wait? All your questions will be answered here! BTC dominance is currently facing rejection on the weekly chart around the 57% resistance, now trading at around 54.20%. Even though this rejection is visible in the chart, altcoins aren't moving much. Historically, May has been bearish, so the next few weeks will be important for altcoins. When to Enter Altcoins: This is probably the right time to start scaling in with small fractions. You won't be able to enter every altcoin you like exactly at the bottom, so we DCA! I've already made a list of 15 altcoin gems which I will post soon, so follow me if you don't already! And make sure we are connected on other platforms too. Best Time to Enter Altcoins: Technically, May is Bearish for the whole crypto market. And it brings opportunities! If BTC dominance somehow pumps and touches the 60% level, we will see the final dip in altcoins.This will provide us with the best entry possible in altcoins, where we will enter hard. I am patiently waiting for that to happen. I am expecting this to happen in the next 2 to 4 weeks. This means May and the beginning of June will be the time to accumulate Altcoins! Keep in mind that most of the time traders make money is when most of the people aren't really interested in the asset, which applies to altcoins in the current scenario. Conclusion:- Dominance is expected to touch a high point of 60%+, signalling potential opportunities in many altcoins. Our goal is to accumulate the best altcoins that haven't seen significant pumps yet, backed by reputable VCs, and featuring solid tokenomics and on-chain metrics. It's also essential to evaluate multiple factors like the team, token unlocks, inflationary and deflationary aspects, and more. If you're unsure about how to navigate this, just follow me for future updates! Always do your own research, This is not Financial Advice! If this post brought you value, please hit the like button. Your likes and comments keep me and my team motivated. Thank you. #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
8
Momenth of truth for ETHBTCI'll try and be as brief as possible in this one. I believe this to be a pivotal month for ETHBTC. Either we see a full-fledged no-excuses breakdown confirmed with a weekly close below the last wick on said timeframe, or I will continue to think that a macro low is being formed here. There is everything you want to see here if you're going to take a bullish stance. 1) Confirmed triple bullish divergence on both 1D and 1W. 2) Fake break of structure with a dip down and then pop back up on the 1W. 3) Chance for a 55EMA and 200EMA death cross fakeout inbound on the 1W. 4) Stochastics ready to go back up on both 1W and 1M. 5) Six months and counting of price action hanging onto the lows without truly breaking down. 6) History of ETHBTC losing value after BTCUSD breaks all-time high, only to go back into an uptrend after a few weeks. 7) BTC.D painting a swing failure on the 1W with a confirmed bearish divergence and rejection of the RSI bullish control zone. This might get all thrown out of the window tomorrow, but as long as the aforementioned points stand, I'll keep believing that one should exercise maximum caution in being bearish at this time and place. A weekly close above the 55EMA before it crossed the 200EMA will make me even more of a believer of the bullish case. If that happens, and ETHBTC can also trade above 0.061, I would have no more reason whatsoever to fear a breakdown, thus absolutely confirming a macro low, and looking for a higher valuation.
Long
by Andewyl
BTC Dominance BTC Dominance is breaking a trendline on Daily Time Fame and on support at 54.16% if the breakdown down is confirmed then we might see BTC.D continuously retrace towards the lower zones this is a good sign for alts and is possibly the start of the biggest bull run ever. Be patient and get ready to witness the massive run. Save your portfolio from futures trading and fill your spot bags while the market is retracing by doing DCA (dollar-cost averaging ) at important levels.
CRYPTOCAP:BTC.D
by TheCryptoCity
Bitcoin Dominance targetsMany people now waiting BTC dominance over 60%. I dont think so we will go so high! CRYPTOCAP:BTC.D We can't compare market cap 2020 and 2024. We got many new projects who absorb liquidity from investors! Yes based on BTC ETF majority inflow money in Bitcoin 51.20% was a previous support for BTC dominance in 2020 now its can be like resistance Locally we formed triangle with fake out 2 possible scenarios for Btc dominance marked on a chart Time to out of alts also marked green block everything what is 44-30% btc dominance will be a signal to out of altcoins 100% Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
CRYPTOCAP:BTC.DShort
by Crypto4light
1
Chart Idea - BTC.DBTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
CRYPTOCAP:BTC.D
by smwajeeh
Skate To Where The Puck is Going To Be. Not Where It Has BeenThere’s a Wayne Gretzky quote that’s been repeated in thousands, and thousand meetings, PowerPoint presentations, and I’ll repeat it here, on TradingView: "Skate to where the puck is going, not where it has been". It’s a wonderful thought: Instead of chasing what’s already happened, try to get a step ahead! And hey: Wayne Gretzky once scored 92 goals in an 80-game season, so he must know something about success. Gretzky explains his style of play further: People think that to be a good player you have just to pick the puck up, deke around ninety-three guys, and take this ungodly slap shot. No! Let the puck do all the moving and you get yourself in the right place. I don't care if you're Carl Lewis, you can't out skate that little black thing. Just move the puck: give it up, get it back, give it up. It's like Larry Bird. The hardest work he does is getting open. The jump shot is cake! That's all hockey is open ice. That's my whole strategy: Find Open Ice. Chicago coach Mike Keenan said it best: "There's a spot on the ice that's no-man's land, and all the good goal scorers find it." It's a piece of frozen real estate that's just in between the defense and the forward. Here is just a small sample of some of the quote’s more prominent appearances in business: 👉 Steve Jobs: “There’s an old Wayne Gretzky quote that I love. I skate to where the puck is going to be, not to where it has been. And we’ve always tried to do that at Apple.” (You can listen to him say it here, in the first 10 seconds of a tribute video Apple put together upon Jobs’s death, which is no doubt behind the spike in the Apple shares chart since 2011). 👉 Warren Buffett said on stock market pessimists in 2008: "In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: ‘I skate to where the puck is going to be, not to where it has been." 👉 John Roth, former CEO of Nortel in 2001: "So we’re looking at this and saying, "When the customers have money again, when will that be and which products do we have to have?" - making sure we go to where the puck is going to be." That last one is a particularly useful reminder of the hollowness of so much corporate speak. Nortel didn’t just miss where the puck was or was going to be, it found itself stuck at home, waiting for someone to give it a lift to the rink. Inspiration is something between us. It something is in the Open Air. As a dozen (or so) BTC funds have been launched already, and 4th BTC Halving is in the History already, lets see the main graph to find out where we can inspire further. A few days ago I found on TradingView this publication published by @CME_Group Bitcoin Halving 2024 – This Time It’s Different. Thanks to @KevinSvenson_ and his Bitcoin Halving Cycle Profit script, I have to say: "Who knows, some things may be different this time, but some things may be not". The main graph is for BTC Market Cap Dominance (log scale). In technical terms we are near upper side of its long term bearish channel, where (based on 40-weeks cycle following each BTC halving) Q4'2024 or even early 2025 indeed is expected for Bearish continuation and further huge draw in BTC Dominance. Bottom Line Business has a long history of sports metaphors. Of course, there can be nothing on the charts 100% similar with Gretzky’s uncanny abilities. Anyway, lets watch ahead of the BTC Dominance, to figure out what the market will look further from now.
CRYPTOCAP:BTC.D
by Pandorra
8
Bitcoin - BTC Dominance and Fib circles todayIs #Bitcoin seeing the effects of that 618 Fib circle already ? It is possible that it is reacting early so it can break through on support, which means we may eventually see 59K USDT with either a Wick down or Full candle... I have a Spot Buy order placed in case. See how the last 2 Fib Circles took PA down to that level. The BTC.D chart shows us PA Still falling, though levelling out currently... But when Both BTC and BTC.D Fall, so do most ALTS and that is what we see this morning. Will it continue ? Daily BTC.D is still falling Bearish - RSI nearing Neutral Daily BTC MACD is approaching Oversold and was rising but seems to be just been rejected off the Signal line so we may well see a further Drop Daily RSI on BTC is still above Neutral and falling, about to cross below its own MA The DMI, that gives us Trend Strengths, shows a lack of real direction longer Term right now. ADX shows us Trend is weak and both the DI Bull / Bear indicators are below the line of strength Over asll...PS is resetting, just cooling off, No reason to panic Just wait..............................
INDEX:BTCUSD
by Orriginal
Is Bitcoin Dominance gearing up for a move ? And What about ALTSMany are asking "When will #Bitcoin push again" And while it is impossible to say , we can get pointers from charts and the BTC.Dominance Chart here gives us an idea that BTC.D will meet Support next week, around Last week April / 1st week of May Its a good idea to understand that just because BTC.D Rises, BTC does not always follow but the combination of the two, what ever they do, Gives us a very Good idea of where ALTS will go. Assuming BTC.D will rise next week BTC.D increases - BTC increases - ALTS Drop BTC.D increases - BTC Decreases - ALTS Drop rapidly BTC.D increases - BTC Stable - ALTS Stable On the whole, when BTC.D rises, it is not good for ALTs. Makes sense if you realise when BTC.D rises it is because money flow is into BITCOIN. BUT - > BTC.D Decreases - BTC Increases - ALTS increase Rapidly. BTC.D Decreases - BTC Decreases - ALTS Decreases / stable BTC.D Decreases - BTC Stable - ALTS increase. So, ALL to watch for over the next week or so.
CRYPTOCAP:BTC.D
by Orriginal
6