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Bitcoin-dominance

The Bull Case for Bitcion - BITCOIN DOMINANCE Cup and HandleHere is what I am looking at for the potential bull case for Bitcoin in this volatile market. There is a Cup and Handle Pattern developing on ticker BTC.D aka Bitcoin Dominance. This tracks how strong Bitcoin is against all alt coins. If this breaks to the upside past the neckline, we could see a 13% pump to the upside against altcoins. This in turn could also pump Bitcoin ticker BTC to be clear, up 13% also. The price target for this potential long trade would be $49,000 - $50,000. If you are Trading any breakouts, always watch the volume. In a perfect world you will want to see a volume spike to confirm the breakout. Next issue is Throwbacks and the fact that a Tweet can influence the market. The narrative going around right now is that Bitcoin will start recovering after all the coordinated FUD is over with. A good indication that the narrative is changing is you will start to see some hype about Bitcoin and it should start winning some of those arguments. Especially, the electricity narrative and how much Bitcoin is actually mined using clean energy and how that will improve over time. If you like these updates give me a follow and a like and I'll keep calling it like I see it. And if you are wondering what the big read diamond is and yellow x's, I use Market Cipher. If you haven't seen anything about the creator of the indicator, go check out @CryptoFace on YouTube he is a legit trader using only this system to crush it. Good community too. - Flava
BITSTAMP:BTCUSDLong
by Flava4455
BTCUSDT - Way Down We Go (Bitcoin)I really loved that song. it's by KALEO, you should listen to it! Alright back to Bitcoin: As you can see in my previous idea, that was no noise and now we're officially out of the regression channel. BTC dominance is around 52. so it's all bearish right now. Some people say it's a "dip"... but there are no bulls buying this dip right now! They're still holding tho... but they're no buying at any price. The bull run is over for now, so Altcoins are going to recover while the market starts being stable. I've shown the support areas for you on the chart. Don't buy, Don't sell if you're holding! Just watch the market fall apart for now. And don't forget the song! ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
BTC dominance analysisBTC Dominance the dominance is setting at strong Support since 2017 Be careful because there is high probability it can rise from here to re-test resistance zone first (between 58-60) before further drop ...the result will be correction in altcoins The 2nd scenario : which is a drop from here directly toward 40% area if that happens we can expect potenial altcoins to do more x10 - x20 This week is very important for BTC and whole market Risk management is the key to survive in trading Good luck
CRYPTOCAP:BTC.DLong
by Babenski
37
BTC: Prospects for a bounceWhile I think BTC may be starting now a major correction akin to those in January and February, we should bear in mind two other things: 1) On the BTC Dominance chart, this last drop coincides with a historical support level that was important twice in the past: 03 April 2019, and 23 September 2018. The next major support level down dates to 29 March 2018. 2) On the BTC money flow index, the trendline marked has until now provided a bounce to the upside. We have broken down through this line at present. Nonetheless, there is strong upside pressure below it. An indicator to watch in the days ahead. Feel free to comment.
BITSTAMP:BTCUSD
by ianrdouglas
BTC Bitcoin Dominance Failing. Head and Shoulders Pattern Now OnGreetings Traders, I have patiently been waiting for this pattern to play out. It has now been confirmed. THE REAL ALTCOIN SEASON HAD BEGUN! One word of warning though, don't be greedy. I do believe that this altcoin season will be quick, maybe less than 2 weeks? I expect most coins to pump and 2x their price from current levels. So, after your coin of choice has pumped, be quick to take your profits. Don't hold on this pump unless you are a HODLer and not a trader. Best of luck traders!
CRYPTOCAP:BTC.DShort
by stewdamus
7
BTC Market Cap Dominance - Wycoff Acc. Entering Phase D?Hey all, take a look, let me know what you think. In my opinion, it looks like like were heading for ATH and beyond in the near future, as most of us do. This i think confirms it for me. We're just coming off being oversold for quite some time and it seems like a Wycoff Accumulation is coming out of Phase C and into Phase D where price can get explosive. Might play out over some time as we build this last point of support and then show our sign of strength back up. I think a strong confirmation of this trend would be the money flow going positive (green) and a close on the daily above SC and then again above the Automatic Rally (AR) . Definitely a longer term trend but I think those are most reliable. Another Wycoff post but i feel thats all I see right now, heh. Appreciate the feedback from my last post! Please share your thoughts and provide as much feedback for me to learn from as possible. I greatly appreciate it! BIG
CRYPTOCAP:BTC.D
by eatBIG2getBIG
Possible Paths for BTC DominanceThe future of crypto will be interesting to see. I think BTC will keep losing dominance, but the institutional money is definitely flowing hard in to BTC. Whatever happens around this current price area will be pretty pivotal. Looking at this as a Wyckoff accumulation pattern is similarly uncertain. The huge volume now could either be selling (due to how high in the range it is) or absorption (due to the tightness of the candles). However it has also fallen through multiple major S/R lines, meaning it would likely take a long time to regain them as support. Only time will tell! Super Speculation Mode: If this move plays out, it could form a massive multi-year ascending triangle. And as the crypto space matures, Bitcoin dominance will surge as all the billions of shitcoins die off and mostly only the real projects remain.
CRYPTOCAP:BTC.D
by dontdaytrade
7
BTC DOMINANCE AND CORRELATION WITH A POTENTIAL ALTCOIN EXPLOSIONIf you look at this chart, you can see how btc dominance going down in 2018 created an altcoin explosion, making the fortune of many altcoin investors. All the major altcoins reached their ATH, making an increase in value like 1000X, 3000X, creating many new millionaires all around the world. What if this chart completes this harmonic pattern, approaching the previous low? A potential altcoin explosion could repeat what happened in the past. Try to think wich altcoins could make you a millionaire!
CRYPTOCAP:BTC.DLong
by cantestogo
6
Bitcoin domination - altcoins in danger?Many were waiting for the head and shoulders to be worked out - but this did not happen Altseason is canceled for now, as there is a possibility that dominance will go up. Be careful those who like to trade altcoins. Maybe I'm wrong - but I'm looking forward to a big drop in bitcoin, and better places to buy alcoins in the medium term. We'll see. We're broke the descending resistance and heading upwards. Bearish for altcoins. It is better to just stay away from altcoins and not enter anything this week. Target is 65.5-68%. This Channel is not financial advise, It's My opinion and My observation: @opptrade ❗️❗️❗️Disclamer:❗️❗️❗️ Dear friends, traders. My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading. - I do not recommend that you trade AT ALL if you do not know what risk management is, money management. - I do not recommend that you trade without a STOP LOSS. - And I'm not responsible for your "make millions of dollars fast" gag - I am only showing you the charts that suit me for certain positions. - For each position - RESPONSIBILITY LIES ON YOU. If you don't use all of the above, your deposit will soon become $ 0 - Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be. In time, i to bee wrong too, and have a loss. But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term) I am only showing you how this or that scenario can work in trading. For all your actions, only you are responsible. 💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
CRYPTOCAP:BTC.D
by UnknownUnicorn13204076
1