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Bitcoin-dominance

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
Bitcoin Dominance, A potential look to whats ahead for BTCBitcoin Dominance has been struggling to stay above 70, as the Altcoins have started taking over. BTC.D is in the middle of what could become a Head and Shoulders Pattern, with the Support and Resistance forming a symmetrical triangle pattern. What this means? Jan - February: We should see BTC.D reverse from here, to form the last shoulder, meaning BTC should move up a little. Then we could see BTC.D drop back down to the neck and further, meaning one last down for Bitcoin. We should find a pivot here, as the support is very strong, and should be enough to catapult BTC higher. March - May: We should see a major rally sometime as early as Early March - Late April, soaring into May. Good luck! Bitcoin dominance just takes the entire market cap of Cryptocurrency, and takes the % of that amount invested into Bitcoin, and makes it into a number. This will usually show us trends, or confirm trends.
CRYPTOCAP:BTC.DLong
by Shwayze
1
Three Possible BTC Price Move ScenariosHello, dear subscriber! Let's consider possible scenarios for the BTC price action. Now we can see that the triangle formation is almost completed. It means that the big move for Bitcoin is upcoming. The most positive scenario 1 (green arrow) implies that the price will break through the triangle's upper line at the first significant point on the chart at $38400. This is indefinite area and we are going to close long position here. If the price is able clearly break through this level we can see the price growth to ATH ($42000). According to triangle pattern theory the maximum growth can be up to the $50000, but there will be difficulties to close above the ATH. Scenario 2 (blue arrow). Triangle patterns rarely end before the complete formation. As a result, after reaching the $38400 (upper line of triangle) we can see a pullback to the lower band. Scenario 3 (red arrow). What can be if the price is able to break down the triangle? The triangle's lower band coincides with the global uptrend support line. If the price break this level down it is the bearish sign, we can see the $30000 level of significant support. The maximun decline can be equal the triangle's height which corresponds to $22000. Another one important thing is that the Bitcoin dominance is increasing now after last week decline. It means that the money is accumulated in BTC now, which can be the significant evidence for the future price pump. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
2
Alseason may be middle of January Bitcoin dominance above 70%We are close to similar bitcoin dominance like in 2018 when first altcoin rally started. This time the 70% seems will be reached in next two weeks. If the altseason will not start till that time, we will see crush of altcoins against bitcoin when they will be exchanged to bitcoin. But even if altcoins will hold their price in FIAT most of them will be suppresed by "monster" altcoins ETH LTC. Some IDEA based strong community coins will survive but most will disappear after monopolisation of crypto market by bitcoin, eth and ltc
CRYPTOCAP:BTC.D
by viparmenia
1
Bitcoin dominance: due for a correctionIf you trace a macro fibonacci from the top at 95+ % to the bottom at 35% in January 2018. You can see that the golden pocket is located between 75% and 78%. This is generally a lgood ocation for shorting (in this case, it means turning your BTC into altcoins). In addition to this, if you trace a trendline of the BTC dominance uptrend from the bottom in January 2018, you can see that it is in confluence with the golden pocket. This makes me think the Bitcoin dominance will top at around 76%.
CRYPTOCAP:BTC.D
by bjcd
3