Get started

Bitcoin-dominance

BITCOIN DOMINANCE BOUNCING! ALTS/BTC IS IN DANGER!Hello everyone, Welcome to this quick dominance update. If you are reading my post for the first time then do follow me for more quality content. Now let's get to the chart first. Bitcoin dominance falling for the past few weeks and after that fall it held the support at a 40% level which is very strong support. Now bitcoin dominance bouncing from the 40% level and breaks the 42% level resistance. Last time also in the month of June bitcoin dominance dumped all the way to 40% and takes a bounce from there and reach 70% level. Now dominance starts pumping and breaks the 42% level and I expect it can pump more which is very bad for Alts/BTC pairs. The next two resistances for bitcoin dominance are at 45% and 50% levels. After reaching the 50% level we can expect a dump and one more alt season but I'm not sure about this yet. Though I updated you from time to time. If you are holding Alts/BTC pair then I recommend you to put a tight stop loss. Do you also think dominance bounce from here? or can we see one more alt season in Q4? If you like this idea then hit the like button and share your views in the comment section. This is not financial advice. DYOR before investing. Thank you!
CRYPTOCAP:BTC.DLong
by CoreCrypto1
Open Tutorial ⚪ Have You Missed the Boat?Open Tutorial ⚪ Have You Missed the Boat? "Have you missed the boat?" Dominances fall = prices rise. 73% of crypto whales used to be average nerds: Students, gamers, administrators. Less than 20% of the whales come from Wall Street. How could high school students beat PRO traders? In simple steps. So simple that anyone could understand. Our followers made more than 10% profit in seven days, an average of 1.42% per day. Proof: How does it compound over months? You can make 52.7% per month. Triple your investment in three months. Or enjoy a yearly 17083.7% compound interest. Too good to be true? HODLers didn't know it was impossible. So, they made it. We accelerate this same mechanism with our TA. Be the first one to read our TA. Choose our charts and outperform HODLers. Bearish Wedge on BTC dominance. Understand this chart. You become a whale soon.
CRYPTOCAP:BTC.D
by Elysian_Mind
4
BTC Bitcoin will Drop more? Bull Run finished? Past teach us... Hard to describe my Idea (hope not to offend your BTC Bullish State) Let's start with 2018 2018 with Trump government a lot of things happens, dump on markets and so on. BTC started to pump when dollar was strong and started the Sell Off when dollar was cheaper. Doesn't look all this like a Double Earning Strategy? With strong dollar where buyed BTC at lowest prices. This started Bull Market late 2017. When dollar was cheap enough and BTC Strong (very good gain) there was a lot of BTC selling to returning to Cheap Dollars. Than things inverted, Stock market rebound a little in 2019, Dollar became strong again (more Gain over the already Gained) BTC fall under start point, and again with strong dollars there was a BUY the Dip for next Bull Run. Now let's check 2020-2021 BTC BULL RUN Same thing isn't it? In a big volatility stock market and uncertain there was a lot of Stock Selling for Dollars With all those strong dollar where buyed BTC at lowest prices. This started Bull Market 2020. When dollar was cheap enough and BTC Strong (very good gain at 64K) there was a lot of BTC selling to returning to Cheap Dollars. Can we suppose a rebound in USD strength? Yes if Oil will drop a lot. Can we suppose a BTC DROP to 25-30K, 7K or worse 500$? Yes if there will be a panic selling, a strong dollar and restart of economy. Than BTC will be buyed again at very DIP price. Let's check another confirmation : VIX 2017-2018 vs VIX 2020-2021 Can you see a 2X scale difference from 2017-2018 and 2020-2021? All last longer. Quite like it was planned in some way, isn't? Someone have learned from 2017-2018 small crisis? Graph talk by it self, isn't? 2018 At 2nd Stock Market Drop on late 2018 (september) things goes really bad On November BTC reached all time low On 24 December SP500 did same thing 2021 With a probabil 2nd Stock Market Drop on late 2021 (September) things start to go really bad? Does BTC will resist at 30K drop or will it reach a very low price? Will be 24 December sufficient for the biggest stock market drop ever? (if it will happen?) Only thing that can save Crypto and Stock Market can be : Stronger USD OIL price Drop No Yield increase This can or could happen if the 3 Trillion plan will pass, if something will happen to Oil, if FED will decide to posticipate Tapering. However keep in mind this : BTC Dominance became weaker. Maybe this is caused by a very high price, more interesting (and robust) projects with others Crypto (and cheaper). BTC will retest same areas...but volumes are getting weaker. No more interest, only Retail interest, but they are not aware of what will happen. Only Greed and Fomo. Did you find all those idea useful? Hope so, let me know. And spread the idea if you want...
CRYPTOCAP:BTC.DShort
by STABLECOINS_GURU
25
BTC.d -Bitcoin dominance -Do we sell Alts positions? or we hold?Based on my analysis, i think that it is better to be super attentive on Altcoins. 1- Dominance is in a very sensitive zone, 39.8% is a strong support 2- If it bounces above this support, the Alts will bleed 3- If it bounces below it, the Alts will continue to rise. BUT, The dominance had been decreasing for more than 40 days , and most of the Alts went crazy. SO, I think that most traders made a lot of profit with Alts, & in my opinion, it is better to secure your profit, and sell your Alts positions ( except the one you are holding for a longterm), and hold a big bag of USD. The probability for the dominance to go below the support is low, so i believe that it will bounce back, and the Alts will go down, and we will have the chance to buy more Alts for a discounted price. ALWAYS DYOR - NFA
CRYPTOCAP:BTC.D
by MichelNakhle
Bitcoin Dominance: Breakout it seemsBitcoin Dominance keeps going up, to a point where we have to recognize that this gigantic triangle might have bursted to the upside, which does not bode well for Altcoins. Usually when the market is bullish, Altcoins outperform Bitcoin when the market goes up and underperform when the market goes down. Here we have a strange situation: no matter if the market goes up or down, Bitcoin keeps doing better. Now it's been more than 8 days of green candles, when we start printing the red candles, it means the Dominance will keep rising because Bitcoin is more defensive.
CRYPTOCAP:BTC.D
by quantmaven
8
Bitcoin Dominance: Breakout or fakeout?A reader asked my opinion about Bitcoin's resilience, both in the short squeeze of last night and today's decline that ensued after Amazon denied crypto acceptance rumors. I'm legitimately worried about the latest development, as the Bitcoin Dominance seems to be pushing out of the triangle, in the opposite direction I was expecting. If it makes a new ATH in the upcoming days above 49, this may invalidate my bullish scenario for crypto as a whole. Tomorrow July 28th, Gary Gensler may provide clues on how the US government plans to regulate 1) centralized exchanges, 2) stablecoins and 3) equity tokens. This might have a significant impact on the market. We will have to watch closely.
CRYPTOCAP:BTC.D
by quantmaven
6
BTC D -- BIG Drop ? History Ryhms ? BTC looks set to drop like it did in July 2017 (see left circled area) vs (current circled area.) -- both bear flags. The MacD in 2017 did a loop down and then met in the middle, then did another loop down --- current setup on the line looks similar. The RSI is at the same height it was in 2017 when it did the same thing. Last time it came up a bit from the bottom before the line also. I think there is a very strong chance we are going to see BTC take another leg down somewhere around the white line on the chart at maybe 24%
CRYPTOCAP:BTC.D
by CatShark
5