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Bitcoin-dominance

BTC.D >> Bitcoin Dominance targets in 2020-2021Hi everyone, I believe this space (cryptoland) is becoming very interesting as dominance slowly is shifting away from Bitcoin into some major alts whose projects have excellent execution and increasing/promising use cases as time progresses. Bitcoin continues to be a great store of value yet some alts are beginning to steal the show. It is my conviction that Bitcoin dominance is in a multi-year ABC correction (beginning 2017) having completed the A wave in 2018 & B wave (relief bounce) in 2019 & has begun the C wave a number of weeks ago. Important note: With bitcoin dominance generally being in a downtrend over the coming year or two, this does NOT mean at all that the Bitcoin price won't appreciate. On the contrary: As its market cap dominance decreases, Bitcoin will continue to increase in price and adoption. It is a common misconception that Bitcoin price is positively correlated dominance needs to increase in order . Truth is: the correlation is very low. Anyway, back to the chart: we present 4 targets for Bitcoin dominance which we think will play out in 2020-2021. Breaking the 50-53% level triggers another roaring alt season, not unlike the one of EOY 2017. By that time, Bitcoin would have likely surpassed $20k (its previous ATH) and so investors and traders would begin diversifying their bitcoin gains heavily into the Altcoins. The targets presented are very technical, actually, based on multiple Fibonacci retracement analyses. We believe the end of the C wave would show an ATL Bitcoin dominance of 25%. AT that point, you can be almost sure that the bull cycle has ended and cryptoland is entering another multi-year winter (bear market). Cheers, Leb Crypto
CRYPTOCAP:BTC.D
by Leb_Crypto
1
ALT SEASON IS HERE - YOUR WINDOW OF OPPORTUNITY Looks like at season is here. Unless you stacked up on alts when I posted this analysis back in December: Most likely in the next few days there will be a small retracement (most likely BTC will dump 5-10% to help with this) and this would be your best moment to buy some alts! If interested here is a list of alts I am thinking about getting for myself in this alt season: ETH, LINK, KNC, WAVES, HOT, BCH, XTZ, ATOM, MKR, BAT, ICX, REP, ZRX, SNX, THETA, ZIL, RLC, NRG and other... ** NOT FINANCIAL ADVICE ** of course ;)
CRYPTOCAP:BTC.DShort
by Crypto_Burger
29b$ since my idea!(the reason i shared BTCUSD chart is that people look at these idea rather than TOTAL2 or BTC.D, sorry for that!) in my idea : i pointed out a time resistance that may be mark the beginning of trend reversal. these time resistances proofed to be right if you put them in a right way. ok now alts are booming and it's sitting at 87b$ and up almost 29b$ (Wow!!) from where i pointed out a reversal. people just dont pay attention i called the bottom on bitcoin in this analysis: i predicted the bottom with 100$ tolerance. i said it would be in 3320$ but it bottomed at 3215$. so far so good, people should see these things. i'm helping you people with nothing in return! ok go back to analysis: as you can see here in this picture : we are almost above 38.2% fib level since last top to last bottom it is a positive sign. is think it means we are headed to test 61.8% which is a psychological and even number, 100B $ it would be the first stop for altcoins(i think). looking at BTC.D : it seems we are breaking down at bitcoin dominance. so what now? in a simple word if bitcoin dominance continues to dump and if TOTAL2 continues to rise i think buying altcoin even at this point would be a good idea to look at alt market i would like to look at majors and take a look at bitcoin comparative charts. here we have ETHBTC chart: ETHBTC still bearish as it is below 0.02309902 so above that level it is reasonable to change bitcoin to ethereum. but i thing the bottom is in for ETH and we will see price appretiation. in this chart : XRP need to break 3770 satoshi level to be bullish on so wait for that to happen even if you trade USD pair. i think btc pair is important to be bullish. Litecoin:
BITSTAMP:BTCUSD
by farzinsabbagh
SHORT DOMIts been lagging for two weeks now but it looks like it finally flagged out as I stated in my previous video on youtube if you'd like to check. I thought this would happen much sooner but the fact that it has taken this long for a flag to show itself on the daily rather than the 4hr makes the RSI cool off even more than I previously thought making the likelihood that its gonna blow the bottom of the weekly channel trend-line. Might be a good idea to add more to my existing speculative trades. God Speed, Mr. Lucifer
CRYPTOCAP:BTC.DShort
by MrLucifer7
Bitcoin Has Lost Dominance, But Only TemporarilyHello traders! Today we will talk about Bitcoin, its dominance and ALTcoins. For the beginning we want to point out that most of cryptocurrencies, even some of ALTs nicely and strongly recovered in the start of 2020, which can be easily a signal for the bottom and a reversal into a bullish mode again, but only against the USD pairs (XXX/USD). However, as you can see, the major Crypto BTCUSD is not so strong. It's actually rising, but in a much slower pace than some of ALTs and that's what we are going to talk about today. It's all about dominance in the Crypto market, sometimes BTC is the leader, sometimes ALTs and this can be clearly seen in the BTC dominance chart, which is telling us where XXX/BTC cross pairs can be headed, but of course not all of them. So, we want to to show you how this look like from Elliott Wave perspective. In the first chart above we can see that BTC is losing dominance since September of 2019, but according to the EW corrective a-b-c structure, this may come to an end soon. We are tracking a regular flat correction in wave 4, so seems like the final move up for wave 5 is still missing. If we take a look at the examples below, ETHBTC can be also trading in a corrective a-b-c-d-e triangle pattern, so once BTC dominance returns, and once it fully completes a bearish triangle, this is when we can expect a break into new lows for the final wave 5. It's very similar with EOSBTC, the only difference is that EOS is currently stronger than ETH, which means that EOS made a bigger recovery against the BTC, but it also looks an a-b-c corrective rally in wave 4, especially because of a triangle in wave »b«, so don't be surprised if EOSBTC faces limited upside around the 0.00048 resistance area. All what we want to say is that yes, most of Cryptos is turning bullish, but be very careful with cross pairs against the BTC (XXX/BTC), because most of these ones may not have reached the bottom yet, especially those which are still trading near the lows like ETHBTC and EOSBTC, while the other ones that made a bigger recovery, may just face a deeper corrective decline. Be humble and trade smart! If you like what we do, then please like and share the idea. 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.
CRYPTOCAP:BTC.DEducation
by ew-forecast
4
Bitcoin Dominance update (based on previous EWT)First of all, before you read this analysis, please read the previous analysis about bitcoin dominance on the related idea to help you understand more about it Hello fellas, welcome back to the bitcoin dominance update. we have seen some manipulation has occured in the past few days, especially when we saw the price surged from $6500 region to roughly $7500 region. This $1000 movement occured only in 10 hours. Some analysts might think that the bearish market structure has ended and the bottom's already in. But, I really think that the the price is even far from the bottom for now. Just look at the chart, I've modified the levels on the chart and the fibonacci retracement method that I'm using comparing my last analysis. I use the body to body connecting method on weekly chart to measure the fibonacci retracement levels because I think this condition can give me more confluence reasons and of course excluding the trap region which are the wick on the higher time frame can give us more conservative view on this chart. Based on the elliot wave prespective, the dominance level has spiked up exactly after I gave my last analysis. it's currently at 70% levels and this region is however becoming a strong resistance for bitcoin dominance. This 70% level is the area of broken support that is now become resistance. Beside this, this is a golden pocket zone. We've seen the first rejection of current resistance level and there is a potential of ABC pattern too. So, it may be the top of bitcoin dominance right now. And if I wrong about this, I see the 71% as the maximum region for the dominance to top.
CRYPTOCAP:BTC.DEducation
by julio24albert
NANOBTCAs of now the bias across the board on ALTBTC pairs is bullish and is indicated on the most recent video on youtube (youtu.be). As of now a new weekly candle is going to be starting which will determine the probabilities for making either a short or long trade. As of now there is no obvious long positions that have a favorable RR ratio for futures account however my bias is long to the point of initial divergence which is one of my rules indicated on the chart. If the week starts on a bearish note that only means that it is saving its RSI strength for the end of the week much like it does on the 1&4hr charts on MANY different pairs. We must just apply the same market theories that we see manifested regularly on the higher time frames and apply them to the daily and weekly charts. This is why its important to know how and where things start relative to previous price action to be able to map the markets as indicated here. That being said I dont see am immediate obvious futures trade but would hold the "physical" just in case the dominance is indeed ready to take a dump. Its going to be an interested next couple of weeks in the alt market if my bias is vindicated. Check back in several days and comment to see if the bias was correct and how accurate the mapping was. God Speed Gents, Mr. Manbearpig
NLong
by MrLucifer7
The Correlation between dominance and bitcoinCurrent post, we will talk and deeply analyze about current correlation between bitcoin and the dominance of bitcoin in this crypto market. There are 3 important key factors that affect the above chart. the first one is the turning point and the second one is the period before and after the turning point. I will tell you briefly about the psychology behind this turning point from negative to the positive side. We can easily see that before the September 2019, the correlation between the these 2 are negative, but after that we see the positive correlation is coming (until recent period). The Psychology behind it During the period of June 2019 - September 2019, we can see that the dominance of bitcoin increased pretty significant, with the start of around 65%, it surged to the peak of almost 74%. But, during this period, we see the price of bitcoin is getting a lower high which made its correlation remain in negative side. This is way normal, because this anomaly occured after the huge parabolic movement since April 2019 and when the Bitcoin entered its first consolidation after those huge rally. In other word, this is because of the tiny capital who don't have knowledge of entering the market at its high and most of them thought that the price will continue its rally, but it happened against their will, because the institutionals thought in different way, the Institutionals trader want to trap the tiny capital to entered some positions so they could start to take some of their profit. This is why we saw a lot of trading volume on bitcoin during that time and we can see the significant increase of bitcoin's market cap. And look at the period after the September 2019, The turning point of this correlation occured right after the price of the bitcoin broke down the descending triangle which gave a strong indication that the correction phase is in play! That's why the tiny capital, exit their long position and Panic sell happened. Following this price broke down, the dominance once again has shown a significant down trend with the huge money outflow from bitcoin. As simple as that. I would say and firmly believe that the dominance of the bitcoin will goes down even harder and we could see the 50% of dominance level will occur in the future. We will see a huge money outflow from bitcoin but, huge inflow on most of altcoins to keep the market equilibrium alive and avoid the monopoly of bitcoin in this cryptocurrency universe. Thank you
CRYPTOCAP:BTC.DEducation
by julio24albert