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Bitcoin-dominance

$BTCDOM/USDT 12h (#BinanceFutures) Rising wedge breakdownBitcoin Dominance Index just lost 50MA support and seems to be heading lower, that would be a nice relief for Altcoin. Current Price= 1205.1 Sell Entry= 1209.2 - 1228.8 Take Profit= 1162.2 | 1131.3 | 1101.2 Stop Loss= 1262.7 Risk/Reward= 1:1.3 | 1:2 | 1:2.7 Expected Profit= +18.64% | +28.76% | +38.64% Possible Loss= -14.32% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 4x Estimated Gain-time= 5 weeks Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance www.binance.com www.binance.com www.tradingview.com
Short
by TradingOn
Bitcoin Dominance - Elliot Waves count Sample Elliot wave structure count of the Bitcoin Dominance. Based on this rough estimate, we do not see any kinda alt-season run till mid summer June - July, now this is clearly no prediction on time since that cannot be predicted in any way, but this is a best-guess basis on the Elliot waves drawn out with the subwaves. This would also subside with the fact that we would see BTC gain some dominance in the next few months as it makes it's retrace to the 0.786 level fibs from the ATH of BTC, at this moment we expect that once BTC makes that retracement, we enter the bear market and if the alts did not run during that phase, then it is when I will be considering dumping my bags as we enter long term bear market. This is NOT financial advice, this is only my opinion.
CRYPTOCAP:BTC.D
by TitoKnowsBest
1
BTC dominance - bottom at 40%? (M)The Bitcoin dominance is reversing with a strong move to the upside. Before, three consecutives lows were formed, each just a little lower while RSI is rising indicating a bullish divergence. This could potentially have a high impact and we would not see this level for a while, if we continue moving up from here. For more details and an analysis on Bitcoin, go to the most recent post on BTC/USDT. Good luck with your trades! Do not consider this as financial advice.
CRYPTOCAP:BTC.DLong
by UnknownUnicorn3707027
BTC Dominance is dropping exactly same as 2021If you copy the pattern of where the last altseason began on 2021 you will be amazed how exactly we are test the critical levels and also how nice we are bouncing to the same level we bounced on BTC.D previousely. I belive this one green candle will be the last BTC.D going up nearly 1% and we will rush to a massive market rotataion and final altseason before the bear market began. Remember if you belive in higher BTC price you need to consider we are having 3 altseason ! and not having altseason is not making sense as we are testing BTC.D at 39.5% for few months
CRYPTOCAP:BTC.D
by MehranVa1992
9
USDT dominance: possible upcoming shortAs y'all know, in general short signal for USDT.d means uptrend of BTC and then, growth of major altcoins. Time analysis: tomorrow and the day after are time pivots for USDT.d. We have not seen such a compact cluster since Dec 29. Look out for possible trend reversal... as a short-term correction since Jan 9th has formed, we might be approaching another big shake out in one to two days! Price Analysis: I strongly believe that 3.95 - 4% is a very good resistance. It might be our last barricade against BTC sellers. Weekly timeframe shows price reaction to fibo channel and mid-term down-trend. As per Cypher harmonic pattern, 2.8% might be the next low, if no major high is seen beforehand.
CRYPTOCAP:USDT.DShort
by bmohammadh1
A Comprehensive Guide to the Bitcoin Dominance (Part 2)Hello Traders. In this post, I will be continuing the narrative of how alt seasons are initiated when used in conjunction with the price action of Bitcoin. This is a revised update for 2022 on how we can continue to understand and build upon the flow chart model I have created last year on understanding the flow of money between Bitcoin and Altcoins in relations to the Bitcoin Dominance. With that being said, we may be seeing the first early signs of a potential alt season looming for the coming weeks/months for a major cycle run on altcoins. We will take a deeper dive into the theory of the Bitcoin Dominance while also respecting my flow cycle that I have previously created last year that is still applicable to the current market situation, as it remains to be the tried and true method of understanding the flow of fiat within the markets. Many analysts are currently predicting that Bitcoin is now under heavy selling pressure; however, many analysts also persistently argue for the fact that the bull market is still in tact. Instead of trying to find opportunities in Bitcoin, it is probably a great time to start finding opportunities in the altcoin markets. As a continuation to the Bitcoin Dominance theory, this chart represents a comparative analysis (fractal) to the 2017-2018 bull run of altcoins and how they have managed to outpace Bitcoin while price action remained bearish for a brief period of time (5 weeks), while the Bitcoin dominance has witnessed a sharp drop on the percentage metric. The above Bitcoin Dominance flow chart model is one potential predictor of where the markets could go as we are still seeing most investors and traders heavily invested into altcoins, even with Bitcoin reaching new all time highs. The model suggests that money flows from fiat into Bitcoin, down from large caps, through mid-caps to small-cap altcoins before going back into BTC and, ultimately, back to fiat. Although a few factors have changed due to the increase of new categorical coins such as NFT's and DEFI, it still remains largely the same in terms of how money flows between Bitcoin and Altcoins with the Dominance tied. The chart I have presented above is a work in progress because it shows what happened in 2017 when Bitcoin made a correction as altcoins continued to move forward against Bitcoin. If the 2017 scenario repeats itself in any rhyming fashion, the Bitcoin dominance could continue to rise until for the time being, then fall as a potential alt season accelerates once again. If the cycle repeats, it could still launch the alt markets to stratospheric highs anytime during the year 2022, especially how some altcoins have not reached their previous ATH's (All-time highs).
COINBASE:BTCUSDEducation
by XForceGlobal
64
🔥 Bitcoin Dominance Below 40%: Alt Season Ahead?As of today, the Bitcoin Dominance Index has gone below 40% again. This means that BTC's market cap is lower than 40% of the total crypto market cap. Historically, a fall in Bitcoin Dominance means a strong alt season is on its way. See Jan-May 2020 for example. The 40% support has been holding for the enterity of the current-bull cycle. If we manage to the week below 40%, we might see a further fall, which would be amazing for alts. If we look back at previous tops (2018, 2020 mid cycle) we can see that tops occurr after a massive fall of BTC dominance. Since Bitcoin is currently not even close to its top, this might indicate that Bitcoin has more upside if BTC dominance keeps falling. My target for the coming months would be 30%. This could potentially be the area where BTC will top, we'll see by then. Happy trading!
CRYPTOCAP:BTC.D
by FieryTrading
31
BITCOIN DOMINANCEHey friends. Well, watching this chart, suddenly came to my head the idea that we could see new lows in BTC Dominance, mainly due to the relative importance that other projects are gaining during this crypto evolution, which is reflected in the chart as a possible bearish fractal (impulse - correction - impulse), plus a bearish MACD divergence under zero lvl. If this happen, more or less as its showed here, we could see BTC Dominance drop to 20% - 25% (its also possible to not seeing a retracement to 50% - 60% and see new lows sooner than what i think). Let me know what do you think. And thumb up if you find this is good content. Peace and Joy! Crypto SolArb <3
CRYPTOCAP:BTC.D
by CristoJarabaFX
8
BTC Dominance going to hellBearish?, Bullish?, not clearly viewing what's going to happen?, The only thing clear to me is that Bitcoin dominance is becoming very very weak. Actually you can see how all indicators point a bear trend continuation. Next levels of support i expect is the 36% level, which i dont think holds too much, being the next level aroun 30%.. Could be more?. During this transition is when we might be seeing alts like Eth surpassing bitcoin profitability and eating bitcoin market dominance (along with other alts). Be prepared, because bitcoin might be slow and boring, but for alts i might be a different story until bitcoin dominance achieves to higher highs, which i don't expect to be soon. --------- Please like and follow if you liked this idea!! Coquetrader ---------
CRYPTOCAP:BTC.DShort
by CoqueTrader
2
#Bitcoin Dominance vs #Bitcoin Price - 1 Year #Bitcoin Dominance vs #Bitcoin Price - 1 Year Bull Market Push (Oct.20 - Dec.20) : ( + Direct Correlation) BTC D. from 58 up to 74 ~+25% BTC Price. from 10K up to 30K ~+300% Bull Market In Phase 1 (Jan.21) : ( - Inverse Correlation) BTC D. from 74 down to 60 ~-20% BTC Price. 30K-42K-30K ~+30% - ~-30% Bull Market In Phase 2 (Feb.21 - Mar.21) : ( 0 Flat Correlation) BTC D. Flat at 60 ~0% BTC Price. 30K-60K-45K-60K-52K-60K ~+100% ~-30% ~+40% ~-20% ~+20% Bull Market In Phase 3 (Apr.21 - 15.May.21) : ( - Inverse Correlation) BTC D. from 60 down to 40 ~-30% BTC Price. 60K-65K-48K-58K-45K ~+10% ~-25% ~+25% ~-25% Bull Market Fall (15.May.21 - Sep.21 ) : ( + Direct Correlation) BTC D. fluctuating between 40 & 50 BTC Price. Flat Channel 45K-30K-40K-30K-40K-30K-40K then Ascending Channel 30K-43K-37K-48K-44K-50K-47K-52K-40K + Direct Correlation : Beginning (Catalyst) - Falling - Inverse Correlation : Altcoins Rise 0 Flat Correlation : Altcoins Mania
by CryCodoin
BTC.D ANALYSISBTC.D is trading in a bear pennant . As you can see we have fallen out of it sharply in the past, but we may be in for a more prolonged move towards 35% BTC.D . However, we may also only see a sharp wick down to test levels such as 39-43% BTC.D , then a very sharp recovery towards 50% . This would mean Bitcoin has taken the lead in the market again. Currently, the confidence in cryptocurrency overall is growing . As this confidence increases, I believe more money will shift into altcoins . As a BTC ETF has been released in the USA and Australia, confidence in the cryptocurrency market may soar. This is a great % to be following to understand where money is moving in the market.
CRYPTOCAP:BTC.DShort
by thehunchos2003
Bitcoin dominance posting lower highs = Altseason soon?NOT FINANCIAL ADVICE Someone gave me an idea on this, but unfortunately I was unable to recall to whom that credit belonged to.. so it goes a little something like this: There comes a point in time when bitcoin's dominance takes a hit, then it becomes the media darling and gets all the attention it needs to rally parabolically but it never breaks past its previous major highs. It gets rejected, cue Altseason. We can see that bitcoin dominance is climbing towards August's highs, but see that rejection level? We are already seeing $BTC facing immense sell pressure from previous hodlers who missed selling out at May's ATH, and one can be sure that they are better prepared this time around to take profits. Meanwhile, Ethereum has already posted its new ATH! So, Altseason, are we there yet?
CRYPTOCAP:BTC.D
by googooboyy
2