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Bitcoin-dominance

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?
CRYPTOCAP:BTC.D
by CoinPhlip
2
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
CRYPTOCAP:BTC.D
by globalrashid
1
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
CRYPTOCAP:BTC.DLong
by ArturMemetov
11
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!
CRYPTOCAP:BTC.DShort
by jdharward
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.
CRYPTOCAP:BTC.DLong
by CoinsightGhost
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.
CRYPTOCAP:BTC.DShort
by UnknownUnicorn285026
12
Bitcoin Dominance going to 75% After Meteoric Rise to 2019 HiOn April 23, the crypto markets took a turn that have some questioning the outlook on altcoins. While the altcoin market has been holding its own against Bitcoin, with currencies like Binance Coin posting 300 percent gains since the start of the year, the market appears to be swaying in favor of Bitcoin. Long time cryptocurrency investors will be familiar with the the tug-of-war price movement between Bitcoin and altcoins. At times, the entire cryptocurrency marketplace buoys on positive sentiment and increased investment. However, a shifting between the pool of capital in alts and Bitcoin is also a common occurrence. For one, investors avoid the headache generated by taxes and capital gains by trading between currencies. But for the most part, investors have recognized that Bitcoin tends to be a more price stable currency relative to the rest of the market, while also offering the ability to appreciate during periods of positive price movement–a feature that stablecoins are unable to offer. In times of bullish market sentiment, such as what is brewing for the industry at present, investors grow fearful of missing out on massive BTC leaps, such as the epic run which took Bitcoin to $20,000 in December 2017. Despite the development interest and growth into platform currencies such as Ethereum, EOS and TRON, the marketplace for cryptocurrency continues to flow through the original cryptocurrency. Bitcoin holds a wide margin in market capitalization over the second highest coin Ethereum, a gap that is greater than $80 billion. In addition, Bitcoin market dominance has continued to climb throughout 2019, up from 51 percent at the start of the year to over 53 percent. Today’s price action has taken BTC dominance to just under 54 percent, its highest point since September 2018. In fact, Bitcoin dominance has largely been on the rise over the last 12 months, with the coin reaching a relative low of 35 percent dominance in May 2018. While BTC experienced a slight retraction during the market fall of last December, the coin is making a recovery that could be trending towards the >80 percent dominance the coin historically experienced prior to early-2017. More than likely, Bitcoin will not be able to eclipse its 2017 dominance of 85 percent, given the changing landscape of cryptocurrency. While BTC is by far the most recognizable currency in the industry, with Bitcoin holding household-name status familiarity (the coin is largely synonymous with cryptocurrency in mainstream markets), altcoin projects like Ethereum and EOS have carved out a substantial amount of developer interest. With Bitcoin yet to overcome the hurdle of scalability, its price is likely to stall again at upper limits in the absence of a solution like Lightning Network. Cryptocurrency, assuming it can gain price traction again as in 2017, is still in need of proven usability. Investors and speculators may continue to drive up the price of Bitcoin and contribute to its market share dominance, but the entire landscape of currencies have to generate scalability in order to become an accepted technology.
CRYPTOCAP:BTC.DLong
by DavidRose02