#BTCD #BITCOINDOMINANCE #BTC.D #BITCOIN #DOMINANCEIn daily TF that RSI indicator is showing much more downside. For alts the best is if we can close Bearish Candle in this week below the Resistance Trendline.
Bitcoin-dominance
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.
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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.
Bitcoin Dominance: Bearish Confluence @coinselorThere is a strong confluence of a yearly trend line and a yearly support level that will most likely behave as resistance now.
I expect an aggressive BTC Dominance push that might reach >= 66% with alts bleeding hard and shaking out weak hands, followed by an extreme rejection and reversal in BTD.D.
BTC Dominace Boost!Bottom line of the long term channel!
With a high probability it will boost BTC to approx 66% dominance, to the upper channel.
I hope you are in BTC again ;)
No financial advice!
Altcoin market on crossroads — Bitcoin Dominance chart analysisHi watcher, on this chart i see Expanding wedge pattern near resistance of 62% of dominance.
Depends on power of Swap/DeFi hype around we will face different action on the market.
Deadalts looks quite realistic, but I am prepared for alternative — if dominance fall on the 60-53% zone we will see another fast wave of pumps in tokens and coins.
Are we going to see a trend reversal with Bitcoin dominance?Waiting to see a crossover with EMA8 and EMA50
This is the #Bitcoin dominance chart.$BTC.D: This is the #Bitcoin dominance chart if you trade #Altcoins.
Dominance Dump ! Btc ? #Bitcoin #crypto #btcEven on the 1 day dominance chart for Bitcoin we have now hit a TDSeq9 in red - are whales playing here ? Are the whales coming out of their alt positions soon ? Will Dominance finally rise ? I believe we will see significant rise here by the end of July . See my previous idea below . It's still true - we've just now moved to the higher timeframes.
EW Analysis: BTC Is Losing Dominance, But Only TemporarilyHello traders and investors!
Today we will talk about Bitcoin Dominance and its wave structure from Elliott Wave perspective. We will also show you how it can be useful in analyzing XXX/BTC cross pairs with the help of EW.
If we take a look on BTC.D daily chart, we can see a sideways consolidation for almost a year which usually suggests a corrective movement, especially if we see a three-wave w-x-y drop in the first leg »a«. Well, we believe that BTC.D is unfolding a bigger bullish triangle pattern and current decline can be just as part of wave (c)/«c« that can find support very soon, ideally in the projected support zone around 64-63 area.
Be humble and trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Dominance at support - possible bounce within descending channelDominance moves within descending channel and now near 65.45 support (comes from April). Be careful as alts might dump upon dominance reaching that level. Probably that will be a temporary retracement, but equally can last for week or two. Better fix profits and set dip buys.
Been waiting for this "#altseason" since months 😂 $BTC.DWe have been waiting this famous "altseason" since months (years in fact).
Does the $BTC.D chart will help us know when it is about to come? 👀
BTC.D - I think it's time for the altocoins.When the dominance of BTC drops.
The Altcoins are very good.
Especially well show the altocoins growth in pairs to the BTC.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
#BTC DOMINANCE ALT Season incoming? Don't miss this!Hello guys, welcome to this update.
This chart is very simple to understand.
Please HIT THAT LIKE BUTTON for the simplicity of this chart!
In the chart we can see Dominance got rejected from the Resistance trendline of the expanding channel.
If it follows the speculated direction, It is highly likely that we can see a 15%+ Decrease in Dominance.
You know what it means? Alts will be pumping crazily!! The alts with strong fundamentals in the coming 2 months will provide as high as 100 to 300% + profits. I will update the charts of those altcoins one by one. Follow me for those updates.
We need to watch the red zone+70 level, which is a strong resistance. Unless Dominance breaks above this major resistance I think holding alts will be Very Profitable. Besides most of the alts are showing Bullish signals in Daily Time frames.
For more such updates follow me and share this idea with your friends.
Your views are welcomed in the comment section.
#PEACE
BITCOIN Dominance Chart And I expect Altcoins Pumping SoonBITCOIN Dominance Chart:
Now Bitcoin Dominance is 69%.
Last post on Trading view I told you when BTC dominance crossed 67% then you can exit from altcoins.
Who followed me now saved huge Fund.
who not followed now holding Altcoins in loss.
so
What Next: Now BTC Dominance Struggle at Resistance level of 68%-69%.
so if this Resistance breakout upward then Altcoins blood bath coming soon.
so guy Very important level is 69% ( Tradingview Dominance ).
if This Resistance Rejected then 65% is very Strong support for hold at this level.
but keep an eye if 65% dominance also breakdown then Altcoins will pump very hard.
soon keep an eye on two level:
69% Resistance and 65% Support level .
What can we do now..?
Now I will accumulate Good potential coins.
And waiting for more dip.
I will buy more every dip.
but but guys
If BTC Dominance level is Breakout upward 69% Resistance Level then I will Exit from all Altcoins.
and wait for next Confirmations.
because 69% breakout then Altcoins Bloodbath coming soon.
So dont trade Blindly and Like Gambling.
Trade after good Confirmations.
Resistance Level: Now BTC Dominance at 69% so this is very Good Resistance Level of 85 Day Moving Average.
and if breakout this Then Very long term Resistance trend line Resistance is 69%.
so both is very important level.
now I take risk and buying altcoins.
if breakout upward I can expect minor loss but if breakdown then I will book huge profit.
Support: Now 65% is very good support in 3 day or as well as 1 Day chart.
But if this breakdown then you can enjoy with your altcoins holding.
so next Support is 55%.
Support: 65% / 60% / 55%
Resistance: 68% / 69%
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Altcoin season is probably here folksJust look at the chart. Do I need to say more?
It is de chart for the Bitcoin dominance. It broke out to the downside (meaning bitcoin dominance in % is declining) en tested the trendline. It's most likely going to stay under this trendline, meaning altcoins are going to gain marketshare.
BTC Dominance (Y20.P1.E3).Micro.Bullish turnHi All,
In to the lead up to the recent breakout, I had a bag of Alts but mostly BTC.
Lucky for me, I made the right decision.
Looking back now, its confirmed with these 2 charts, 2 day and the daily.
I have BTC dominance still going up as per chart, supported by the indicators.
Note: There will be some ALTs that are doing well like the ridiculous DATA coin chart.
I did have BAND so I'm happy there. ADA I missed out, etc
Otherwise the majority of the ALTs did less against BTC but still performed.
DASH this time didn't and so on.
What this tells you? review your strategy for now as BTC is dominating in the short term.
What can this mean?
Maybe many of the ALTs have peaked in this run.
I had more than 1/2 of my profile on Link and Tezos and flipped the majority to BTC, especially LINK.
It peaked early.
Anyway, I thought I put this out there for people to think about their strategy and tweak it for that's what good traders do.
Please give me a like or tick for this posting.
Cheers,
S. Sari
BTC.D - Exit the distribution zone I noticed that many altokines are ready to grow faster than bitcoin. Dash ZEC WAVES and many others showed excellent growth on this wave.
The dominance of bitcoins continues to decline.
Trend is broken (marked with a blue line)
EMAs indicate a continued downward trend.
you need to look at this indicator.
when the dominance looks weak. the altocoins look strong.
Friends, thanks for your likes and comments!
Good luck with trading!
LONG TESLATHE ENTIRE STOCK MARKET IS ABOUT TO PUMP. I dont know if its going to be a dead cat bounce or have continuation. Its a good idea to reanalyze the situation when the INDEXES start to show weakness in automotive and energy sectors. I think this is going to coincide with a crypto pump to be had tomorrow. Like I mentioned before. I think the goal here is to make is appear as though there is a correlation between legacy markets and digital assets. We will just have to watch this in the following days.
God Speed
DANGER ZONESomething feels really wrong here.. Fundamentals would tell you this looks incredibly bullish but to be honest there is alot going on here and I may get on to make a youtube video about it soon. That being said... I hope I am wrong. We need to pump up above 10G birds and FAST to be on the safe side.
God Speed
