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Bitcoin-dominance

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
A short look on Bitcoin Dominance Hello Traders As you can see in the chart above. BTC Dominance has rejected on 0.618 Fibonacci level. On the other hand, there is a huge bearish RSI divergence on the weekly timeframe. So as I said in a previous analysis on BITCOIN, I expect both Dominance and bitcoin to fall. ------------------------------------------------------------------------ What is your opinion? Comment it below. If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too. Goodluck.
CRYPTOCAP:BTC.DShort
by Crypto_MD
9
BTC dominance TA: Altseason is closeThe sentiment in the crypto market is that many altcoins are dying and liquidity is flowing into bitcoin. Now is a great time to switch from bitcoin to altcoins. The bitcoin dominance chart is facing great resistance. At 5 moments in the graph, this level was held as support or resistance. The trend line of a rising bitcoin dominance is common in a bear market. However, we are now in a bull market and have broken this rising trend line. I do not expect a retest of the trendline but a rejection of approximately 63.5 dominance and heading down towards the 0.618 Feb retracement in the macro trend. The rising wedge on the rsi also indicates a reversal and has also encountered resistance. The bitcoin dominance also forms a head and shoulders pattern which is a reversal pattern to the downside. Bitcoin takes time to consolidate after a time of fierce price action before it has the strength to break 13880.
CRYPTOCAP:BTC.DShort
by LongtheCorn
1