Bitcoin will Dominate until it halvesHere is a thought about Bitcoin dominance in the market, over the next year.
My twitter: @CryptoWolfy7
Bitcoin-dominance
19.8.2019 - Bitcoin Dominance Hi traders!
Today, we are explaining a special chart - bitcoin dominance . Let's deep dive! Bitcoin dominance is in percentage. It represents the number of percentage of total capital currently allocated in bitcoin . Depending on its growing or falling trend, we can determine the correlation of altcoins.
Let's examine possible cases. If both bitcoin dominance and markets grow, it means bitcoin grows the most and altcoins less. If bitcoin dominance falls and markets grow, it means bitcoin grows less compared to altcoins. By contrast, if bitcoin dominance grows and markets fall then bitcoin falls less than altcoins and vice-versa. It's simply not enough to know whether markets fall or grow, but we also need to know the inter correlation and that's what bitcoin dominance tells us.
On the daily graph we can see bitcoin dominance is very bullish. That answers why only bitcoin has recently gained, which grew more rapidly than other coins. Despite smaller corrections, the growth should come to an end at higher valuations. Now there's still room for growth . That can be also caused by halving. Bitcoin began at 50,55% dominance and we are now attacking 70%. That said, as much as 70% of all crypto funds is in bitcoin .
On the chart we are expecting the last upwards wave and then stronger correction should follow . RSI keeps very high levels too. Bitcoin dominance will continue to grow for a while but we are slowly nearing the finish line. One or two months to go .
May the crypto be with you!
Bitcoin Dominance. Is it finally time?Pretty self explanitory chart here.
What do you think happens from here?
With alts finally at the bottom/capitulation. Time to rally hard in the <month before many coins get "banned" to US traders?
Who knows. But I think it's pretty obvious BTC dominance is going to decline from, like HERE.
BTC Dominance - Slowing Down... Retracement? Or Topped OutHere we are again a weekly look at the Bitcoin Dominance...
Hard to say. Too early to say but a small breather for the alt-coins is needed. However, this needs to DROP a lot for a true alt-season...
Bitcoin Dominance reaching a crucial level - What happens next?With this short analysis I would like to point your attention on the chart for Bitcoin's dominance and an outlook of what can happen next.
Bitcoin's dominance entered an important zone of support and resistance. Many factors could try to block the rise for Bitcoin in terms of dominating the crypto market. An outbreak out of this are could mean an explosive development in price action for crypto, especially BTC.
First , there is the zone of support/resistance (green box). We haven't seen BTC's dominance above 72% since July 2017. In the second half of 2017 the ICO boom set in and many Altcoins rallied to unprecedented highs. Although Bitcoin rallied till mid of December of the same year, dominance couldn't get above that zone since then.
Second , the 200 week moving average is closing in from above. Unfortunately we don't have a lot of data and it is would be the first occurrence ever. We will see what that means for dominance, but usually the 200MA acts as another important (dynamic) resistance.
Third , the stochastic indicator for BTC's dominance is overbought (above 80) the sixth week in a row, if look you back in time we haven't seen stoch being in overbought territory for more than eight weeks yet (data reaching back to 2015).
In summary, I guess we are having two very interesting weeks ahead of us. Following settings are possible in my opinion:
Bitcoin's rise in price continues and Alts keep on bleeding out, a really bad scenario for any Altcoin project. In consquence we also would see BTC dominance increasing higher. Probably reaching new a ATH for BTC.
Another scenario might be a further retracement for Bitcoin (rejection on downsloping trendline on BTC chart) and Altcoins eventually finding a bottom and turning north (finally). It would be similar to September/October 2017, where Altcoins rallied when BTC took a short breath before reaching a new ATH by the end of 2017.
A really interesting, although unlikely, setting would be seeing Bitcoin and Altcoins rising together. This would mean a great inflow of fresh capital into the overall crypto market (escaping traditional markets, as we are having difficult times (trade war, hight debt) currently). This could result in absolute exuberance in crypto markets with insanely high prices. So far, we have only seen a limited inflow of fresh capital, mostly into Bitcoin. This could stabilize Bitcoin's dominance or lower it if Altcoins outperform, by reaching new highs for Bitcoin and higher price for several Altcoins projects.
And last, we could also go to zero. You never know. Markets are crazy.
These are just some ideas derive from BTC's dominance in the market and the development over time. What do you think?
BTC Dominance to 66% (short term)BTC Dominance is in a very slow decline. I expect the level to drop to 66 and from there it could drop further to 63 or make a run back to 70 or even 80.
Decision point expected around August 10th - say +/- a week
If you find this idea helpful, please leave a like!
BTC Dominance Tailing OffWe may finally start to see money going into the alt-coins now. Providing on some factors with volume of course.
We have seen the dominance come down before but also seen Bitcoin go up a lot. a lot of people did start of panic and sold alt-coins for Bitcoin to catch the move to the upside.
If you are holding alt coins, wait for the BTC values to go back up of those holdings before selling.
BTC Trendline 10x LongTaking another attempt at btc here. Dominance reached a trendline of support, and btc has just bounced from the trendline. Moving nicely not, with a bullish engulfing cangle on the 1hr. Seems intersteing. Let's see if I can switch this to a swing trade which is what I'm after. I'm aiming to the top of the structure.
Btc dominance gonna give alts a chance?Now that we're back at December '17 levels my eth bags are hoping this goes south
Bitcoin Dominance, Weakening. When is altseason ?BTC.D Chart is currently demonstrating a flat top.
With 4 touches of the same resistance.
OTHERS.D has made 4 higher lows that coincide with the same 4 local tops on BTC.D
This leads me to conclude that Bitcoin Dominance could be weakening.
BTC Dominance Topped Out?It looks as all the BTC dominance at the moment has slowed down, money is starting to trickle back into the Alt coins and away form Bitcoin.
This is not yet confirmed and the BTC dominance will have to fall down into the '60s to confirm that.
Be ready for a possible jump in /BTC pairings on any strong alts and always remember to buy in BTC not in USD to gain extra BTC from possible alt-coin pumps.
Bitcoin Dominance Chart Soon Altcoins Will BoomHello Traders,
Kafi time se aap sabhi wait kar rahe hai Altcoins ka price kab increase hoga?
Ye Btc dominance ka chart hai aap dekh sakte hai Parallel channel aapko dikhayi dega uptrend ka kafi time se continue uptrend me hai and iski wajah se Btc dominance increase ho raha hai,
Altcoins dominance decrease and altcoins ka price day by day down ja raha tha abhi resistance line ko touch karke down aa raha hai 65.47 ka high lagaya hai,
Agar ye exactly is channel ke accourding down aata hai to hamare next target hai 57-59%
Agar channel downside me break hota hai to hum price ko 49-51 tak bhi dekh sakte hai agar same way me aisa hota hai to jaldi hi Altcoins rally dekhne ko milegi aap sabhi ko.
Our previous success analysis:
Global Rashid
The Guide To The Right Path
Bitcoin Dominance to 97% ?Looking at a Bitcoin dominance chart, I am finding lots of technical facts that BTC dominance is slowly going to 97%, do you agree with me? After my drawings I have converted all of my cryptocurrency to Bitcoin as the graph looks terrifying for other crypto market. I prefer to stay out of trading and just hodl BTC as it looks very painful for the rest of the crypto market. Looking at a graph we have "W" (marked red) which is an uptrend for Bitcoin Dominance, we have a major gap in price, which needs to be filled in. We also have an upside down head and shoulders (marked blue)! We broke many tough resistance levels, which now became support level's. There is one more strong downtrend resistance line (starting from 21st June 2016 going along 19th February 2017) to beat and the road is open to 70-73% BTC Dominance. I would like to hear what others think, sorry for my drawings )
PS I'm not saying that the other crypto is going to be cheaper with USD, I think that BTC will moon against dollar and the other crypto
BTC Dominance levels to watch Those are the levels I would look when it comes to bitcoin dominance. If we break above the first I'm killing all alts and moving into BTC
BTC.D - Next wave of Altcoin season at fight or flightBitcoin's market dominance appears to be at a the precipice of reversal, which would trigger the next wave of Altcoin season.
BTC breaking out, above the triangle invalidates this idea.
I think we will see an immediate drop in BTC dominance down to at least 59.
Some alts will pump in this period while speculating traders take their bet.
Upon reaching 59, the market will have a choice to make. Dipping below say 58.5 will break the triangle and we'll see a bloom in alt coins.
If Bitcoin dominance breaks below 57 and especially below 56 we'll see alt coins bloom A LOT. ;)
Good luck!
Bitcoin is king and flexing dominanceI keep trying to warn people. There is NO alt season until this chart reverses trend. A break down below 57.5-58 and resistance there must happen before alts are worth messing with. Til it does, alts will continue to get rekt. Bitcoin is flexing its muscle and there is still plenty more room for it to run up in dominance. Be very careful in alts, and stop trying to catch falling knives. When this chart reverses trend, then we go shopping. Watch it closely and stay patient.
Bitcoin Dominance broken - Alts bloomingJust an update on a previous idea.
Bitcoin dominance clearly broke down and found support at the 50 day (red line).
Orange line moving up is Altcoin market cap.
I suspect Bitcoin's price is being kept stable around 8300-8700 in order to facilitate the growth of alts with many alts up over 100% from their May 14th lows.
Altcoin season beginningLooking at Bitcoin dominance, a drop is coming, clear as day. Alt coin season is already starting. Spring is in the air. ;)
BTC Dominance is down (Big correction) GOOD time for ALT Coins!There is the first powerful signal for the return of Bitcoin dominance to the launch site.
Bitcoin is losing its growth power!
Now the best time for buy Alt coins!
My Favorite Alt coins for Buy:
What Alt coins i want buy now?
1) NEO (Neo)
- NEOUSD
- NEOBTC
2) ONT (Ontology)
- ONTUSD
- ONTBTC
3) ETH (Ethereum)
- ETHUSD
- ETHBTC
4) TRX (Tron)
- TRXUSD
- TRXBTC
5) EOS (EOS)
- EOSUSD
- EOSBTC
6) XLM (Stellar)
- XLMUSD
- XLMBTC
7) ADA (Cardano)
- ADAUSD
- ADABTC
I am now doing an analysis on these coins and am already entering them.
You can see tomorrow on my channel in Telegram.
Now I produce technical analysis and look at fundamental analysis.
BULLRUN ALTCOIN - BTC DOMINANCE PREDICTION - Owker & BenHello, here is what we expect to happen in relation to the BTC Dominance.
This isn't financial advice, it is just our theory.
