Crypto , Cryptocurrency İs subject to a stretch between support and resistance on the Bitcoin Dominance charts. These structures usually break down ⬇️ 🤲🤲
Let's follow this closely.
Bitcoin-dominance
Is there more to Bitcoin Dominance than meets the eye I am trying to analyse the BTC dominance chart (with stablecoins) to see if there is any patterns we can notice from previous bull or bear markets.
The idea is this Is there a pattern to the % of bitcoin dominance at the bull cycle high to one at the low?
We understand that every year multiple shitcoins come to life. This increases the entire market cap without audit.
We understand that the bear markets decimate these shitcoin projects and liquidity flows back into BTC
We also understand that every bear market creates diamond hands.
What story can we weave from these charts?
🔥THE BEST TIME TO BUY ALTCOINS: DOMINACE AND ALTSEASON🔥 Hi friends! All you know and like the time when altcoins make +50-100% or more profit just in 1-2 weeks. Most of the traders enjoy this time. Dominance is a key thing that helps us to identify such periods (altseasons) and buy alts in time.
📊 WHAT IS ALTSEASON AND WHY DOES IT HAPPEN?
Altseason is a time when most altcoins grow by 30% or more.
THE TWO MAIN REASONS OF ALTSEAON:
1. BTC capitalization outflow and its inflow in altcoins (dominance fall).
🚩 Dominance is the ratio between the total value of all Bitcoins to the total value of the crypto market ( Bitcoin + altcoins). Altcoins start ti griw when it falls.
Bitcoin currently has a $320 billion capitalization and for Bitcoin these $1-2B globally do not mean anything. As the altcoins have a lower capitalization, when $1-2 billion from Bitcoin flows into any altcoin, it can grow by 100% or more. With large outflows (10-20% of Bitcoin's capitalization), the growth of all altcoins (altseason) begins.
2. huge money inflow in altcoins during periods of "greed", when crypto market makes new ATH or BTC is at the last stage of bull market (parabolic growth). The BTC dominance falls in this case too.
All you know the periods when BTC make a new ATH and this is a most comfortable time to grow your deposit - everything is just exploding.
✅ As Bitcoin is still far from its highs, which is the second reason for the growth of altcoins, we should look for the first reason, which is the flow of money from BTC to altcoins now. Our main task is to buy good altcoins just before the altseason.
📊 WHEN WILL THE NEXT ALTSEASON START?
Friends, as you can see on the chart, the altseason begin when the BTC dominance falls. Now we should expect the next atseason when BTC reaches 50-54% of dominance.
✅ The altcoins start PUMPS during this dominance fall as was shown at 1 and 2 cases.
Friends, I will publish a list and trading setups of the best altcoins when that time comes. Let me know which altcoin I should pay attention to. Write it's ticker in the comments.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
BTC.D - keep monitoring !At some point alts will popup like mushrooms after the rain - and it will most likely happen when BTC bottoms at 13,8 area and will head to 20-22k - then alts will go crazy and this chart shows it.
Good luck !
Bitcoin Dominance Update ( Altcoins Blood Bath Coming Soon ? )#Bitcoin Dominance Chart:-
$BTC Dominance currently trading at 40% Level.
Very Close to Altcoins Top in BTC Pairs.
So Guys Ready to Exit Altcoins in BTC pairs.
Soon Big Dump coming in Altcoins so Open any trade with Proper risk Management.
I am expecting Dominance bounce from 38%-40% Level.
And Next Resistance is 50% Level mean if Hit 50% Dominance Level then altcoins Will dump 50% from Current Price.
And If you not exit from Altcoins in BTC Pairs then You will get Next Chance in 2025-2026
I am Not Talking about Altcoins in USD Pairs.
Still Altcoins may test New Low’s.
Happy Trading.
Support:- 38%
Resistance:- 50% / 58% / 66%
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BTC.D for the upcoming yearsIt looks like it wants to.
We are now in a bearish flag (consolidating) and showing strength for more downside - target shown on the chart - very possible bottom of bear market and a start of the new leg up for next years
BTC What will be the narrative?BTC.d is in a downtrend but pausing furthing continuation in a bear flag. Most likely a test of the upper downtrend line will be next
And then?
A) Break the bear flag to the downside, expect immediate drop to channel bottom around 37% or even a break down of the downtrend causing acceleration. Pushing massive liquidity to altcoins, could cause an altseason for real.
B) Break the downtrend to the top and confirm with a retest. Break of 43% should lead to retesting the top at ~40%
Hold my beer pls
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No financial advice, do your own research, don't be stupid
BTC.D hmmmm...It looks like the breakout has lead to consolidation around resistance - forming lows into a curve - this only leads me to think BTC could still go up but soon later will break down - possibly allowing ALTS to pump a bit. Keep monitoring this - for now bullish.
BTC Dominance - just a matter of timeIT already broke the wedge, we are waiting for BTC to get out of this consolidation so we get the long awaited small bull run of hope, before the final countdown.
Want me to analyze another asset ? DM me or comment your suggestion.
Bitcoin dominance. How does it affect the cryptocurrency market?#BTC #altcoins #dominance #education
▪️Bitcoin dominance index - is an indicator that indicates the ratio of bitcoin capitalization to the capitalization of the entire cryptocurrency market.
▪️How does btc dominance affect the market? - When the dominance of bitcoin falls, altcoins begin to rise - this is called the alt season!
▪️Now the dominance is at its minimum values, which means that it will soon begin to grow! Altcoins will be weak during this period of time. Bitcoin may reach $30,000 and go for a correction. So far, these are my thoughts for the near future!
Subscribe. stay tuned for ideas! Links below👇
BTC Bitcoin Dominance set to decline furtherOne would ask if bitcoin is already dead when looking at the data in this chart. Lets analyze and take a look at the take aways
We can see ever since the beginning the btc.d has been in a decline and after a very burtal wave 3 down in 2017/2018 it has been correcting until late 2020 from where it started the next impulse down.
having completed waves 1-4 already (white count, previously mentioned here ) we can see btc.d has started its final leg down.
since wave 3 triggered 4.236, wave 5 is expected to hit at least 8.236 which has super conflunce with major 1.272.
of course we have to monitor closely what waves form within this leg down since the 5th wave could also be truncated.
but either way, further downside for btc.d is to be expected and it should accelerate once breaking the previous low at around 39%
putting this fact into the context of the insanely bullish charts altcoins have, we could be pretty close to an insane altcoin rocket rally where btc.d would blow half its market capitalization into alts
and since the majority of people is afraid of markets heading for lower or even 0, this would be the ultimate, epic, pure, max pain scenario
its going to be some very interesting next weeks once we trigger the lower low!
a rise above 48,x% would require to reassess before invalidating this idea
Hold my beer pls
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No financial advice, do your own research, don't be stupid
$BTCDOM/USDT 4h (#BinanceFutures) Evening star on resistanceBitcoin Dominance just printed a reversal pattern with a shooting star on top, seems ready for a correction.
www.binance.com
Altcoins One More Blood Bath Coming ( Bitcoin Dominance Chart )#Bitcoin Dominance Chart Update:-
BTC Dominance currently trading at 44.33%
And this area is Perfect Retest Area.
So Now I am expecting Upward move toward 50% Dominance Level.
So If Bounce and Go toward 50% then Altcoins will be bearish and One More Bloodbath can expect.
So If Dominance Above 43.50% then Not good For Altcoins.
But One more thing I am tracking at this Time.
If Dominance will increase then Bitcoin Price move Down Side.
Mean Currently Dominance = Inverse Proportional to Bitcoin Price.
Red Area = Blood Bath in Altcoins.
Below Red Zone= Good For Altcoins.
Resistance:- 48%/56%/62%
Support:- 43.50%
Keep watch before open any tradez
BTC dominance - the reason behind Altcoin outperformance !I drew this chart 1st of May 2022 and suggested that it was signaling an Altcoinseason.
After the dominance had broken out of the bearish triangle to the upside I thought I WAS WRONG.
However, after a strong reversal the Bitcoin Dominance has fallen back inside the triangle today and is FALLING LIKE A STONE !!!
Will be really interesting to see how this further develops ....
$BTCDOM/USDT 2D (#BinanceFutures) Rising wedge on resistanceBitcoin Dominance Index looks locally topped and about to reverse mid-term, let's give it another try!
Current Price= 1517.1
Sell Entry= 1517.1 - 1572.5
Take Profit= 1411.7 | 1311.6 | 1211.1
Stop Loss= 1656.1
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +17.24% | +30.20% | +43.20%
Possible Loss= -14.40%
Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 2x
Estimated Gain-time= 5-6 months
Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance
Contract:
www.binance.com
😥🎢BTC.D: retail traders sell alts in a panic! Time to buy?📈Bitcoin's dominance has grown to 45%, while most altcoins have fallen by 75-90% from their ATH. One Luna🌔 lost $18 billion in capitalization. Why do we need this dominance and how it helps to increase the win rate? I'll explain it in this idea.
💼What is dominance? Bitcoin dominance is the ratio of the capitalization of the major cryptocurrency ( BTC ) to the total capitalization of cryptocurrencies. Simply put, % of Bitcoin's capitalization in the TOTAL capitalization of the crypto market (Bitcoin+Altcoins). Now it`s 45%.
💹What does dominance help to identify? As we can see from the 8% dominance growth, altcoins are getting weaker. But why does this happen? It is because of the panic of retail traders. In search of a quick profit and investing all their depo in altcoins without any analysis, they have lost significant capital and are trying to sell them as fast as possible despite the 90% fall of alts.
✅The key level of 50%, when the value of all altcoins=the value of all Bitcoins , will be the huge resistance to Dominance. Bitcoin can reach that level if it can drop to $23-25k and all retail investors finally panic sell off their alcoins, pushing the price down. That would be the best place to buy, but I'll tell you about that later.
🏁Let me know if you want to know more about altseasons: why and when it`s happen? Altseason is the best opportunity to grow your deposit.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Domains Bitcoin News from Pump or DumpThe answer can be found from Domains Teter and Bitcoin, Interesting position this is a long-term suffering in the middle of the year market is now between 28,000 and 31500 is good to play so play
Maintenance will have nothing for you
BTC.D - Navigating the next cycleLeading and following a bear market the dominance of bitcoin in the market increases. What this means is that ALTCOINS are bleeding more and being liquidated into bitcoin, stable coins or cash.
During the peak of the 2017 cycle the dominance of BTC reached 35% and reached 40% this 2021 cycle. The similarities in these two data points can suggest a pathway for the next cycle.
Bitcoin will continue to increase in its dominance value until a market bottom is formed. I expect this to be around 55% region. This area is of confluence and when the bottom formed in 2018 this dominance was oscillating in this region.
I would then expect an accumulation phase leading to a decline in the dominance of bitcoin as people now start liquidating from BTC in to alt pairs and generally cash flow increases in alt accumulation.
Thereafter, we have the confirmation of the bull market at bitcoin leads the rally and I can see valuations as high of 60% of bitcoin dominance. Notice this isn't the same value as 2018 highs which were more closer to 70%. I think presence of larger caps such as ETH will influence this value.
After peaking, begin the alt season where you will see if the altcoin you brought during the bear market has rewarded you.
Bitcoin dominance : More blood for Alts?Bitcoin dominance Update / D1
BTC.D index is at its red downtrend Year long resistance zone. A breakout above the red resistance line will bring more Blood to the Altcoin market🩸
And Now For The BIG Crash of Crypto!!!As you can see the 4H channel is broken from the top so we expect an upward move BUT this upward move is not limited to the 4H chart and I'm going to explain why...
The green line is a valid weekly and valid resistance which USDT has been struggling with for quite a long time. today the candle will close and it's highly likely to close above. Combined with the bearish looking chart of CRYPTOCAP:TOTAL and BINANCE:BTCUSDT , this is a massive bummer for cryptocurrency market.
It would be awesome if you could share your own insights with me in the comments <3
Bitcoin Money Flow Correlation to Crypto Market DominanceHi,
This is a simple metric I use to indicate current Netflow of Crypto Market Dominance to relation to Bitcoins Price.
Bitcoin Price compares to
Bitcoin Dominance (Market Cap %)
Alts Dominance
USDT Dominance
Total Crypto Market Cap Dominance
Tips:
Check for correlation between shared Money Flow across markets
> Bitcoin Dominance = BTC growth (Going into BTC market)
< Bitcoin Dominance = BTC sell off (Going into another markets)
> USDT = Risk off (Potential going into FIAT)
< USDT = Risk On (Potential going into other markets)
> ALTS Dominance = ALTs growth (Going into ALTs)
< ALTS Dominance = ALTs sell off (Going into other markets)
> Total Crypto Cap = Overall Crypto growth
< Total Crypto Cap = Overall Crypto sell off
Check for divergence across the markets,
•
For example Bitcoin Price going UP but Dominance is going down... = Downtrend
BTC.D, dominance is going down! Is ALTSEASON coming soon?Bitcoin dominance (BTC.D) is falling, which means that altcoins are starting to pump!Do you want to know why this happens?
The global situation shows that we should expect an Altseason. The price (%) broke the long-term channel, which has been building for more than 2 months. Such global patterns also lead to global movements on the chart in the short term.
Also, the price tested channel as a resistance, which is a bearish signal and a trigger for Altcoin growth.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
BTC Market Cap Crosses $970 BillionIn a rebound of more than 5% on Wednesday, BTC jumped above the market cap of $970 billion for the first time this week.
While the recent rally was not so significant, it gave the digital asset enough support to remain above $40,000.
After touching a high of almost $41,500 on Wednesday, BTC pulled back and dipped below $40,000 for a brief period.
However, Bitcoin increased gradually during the past 12 hours and is now trading near $40,800. In addition, BTC’s dominance stayed above 41% during the recent volatility.
“Bitcoin is currently seeing some buy pressure. We could see some short-term relief in the market over the coming days/weeks as protective positions unwind after today’s highly anticipated rate hike. However, I think Bitcoin and the crypto space are unlikely to gain significant traction in 2022.
