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Bitcoin-dominance

Bullish for altsSeeing a, yet to be confirmed, 3Day bearish crossover on the BP&SP indicator, and nearly negative momentum for BTC dominance. Possible bull case for alts if dominance lingers here or keeps decreasing. Expecting a turn in BTC price as previously mentioned on or around the date of OCT 27, according to the descending triangle apex. ---------------------------------------------------------------------------------------- The Buy and Sell Pressure indicator is a private invite-only script. If you would like access to any of these scripts follow the instructions on these pages: www.tradingview.com Tradingview Script --> Tradingview paid sub, sign up and get $30 --> www.tradingview.com
CRYPTOCAP:BTC.D
by CryptoAlpha0
Bitcoin DominanceAs expected BTC dominance started dropping. I expected 74-75% but it came up just short. My custom indicator "Top Goon X" gave the signal and the dead cat bounce to the .786 which is where we expect it to continue down. What will happen next? It's likely that dominance drops a small amount more. Once my indicator breaks below that blue zone we will likely see a bounce in dominance. Once that bounce is complete then we should start to see a big drop in dominance.
CRYPTOCAP:BTC.DShort
by NebraskanGooner
BITCOIN Update # 22 - DOMINANCESilence. That's it's what can be heard on the Cryptocurrency market in the last few days. The silence of the shock of the price tumble in the last few days The silence of unmet expectations, that Binance America would solve the problem over the U.S users restriction, that with the Bakkt regulatory green light, would facilitate the approval of the ETFs. The silence of those that remain optimistic about the market and are holding they breathe in this turbulence. The silence of the catastrophists that expected crises like the Trade war; The Saudi Oil attack; The Boris Johnson radical movements and the impeachment inquiry of Trump, to be the catalyst of a brutal Bull run (2017 style). Silence for more lonely and harrowing than can appear is usually a moment that precedes, decisions and noises; it's part of the process of assimilation, not numbness. Above we provide the technical analysis of the Bitcoin dominance index and describe the possibles decisions that the market may take. Further details are highlighted in the chart. Thank you for reading and leave your comments if you like. Join the Traders Heaven today, for more exclusive content! Link bellow! Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
CRYPTOCAP:BTC.D
by Igor-Silva
1
So, When Altcoin Season?!Altcoin 'seasons' are characterized by: 1. A sharp drop in Bitcoin Dominance 2. A parabolic rise in the value of altcoins. Judging from the chart, there have been four major altcoin seasons: 1. March 2017 2. June 2017 3. January 2018 4. May 2018 Since May 2018, Bitcoin dominance has been steadily on the rise - as Bitcoin has first fallen in price, then had a sustained rally from April 2019, leaving most alts in the dust. So, when altcoin season again? Note that we are approaching the 65% dominance level - and that this is also where Bitcoin dominance peaked in October and November 2017, before giving way to the most recent altcoin seasons in January and May 2018. This is also the level that Bitcoin dominance dropped to during the June 2017 altcoin season. TLDR: Altcoin season may be upon us soon - perhaps as soon as when Bitcoin dominance reaches 65% again. Alternatively, Bitcoin may barge through that area and go even higher (perhaps to around the 72% area we touched on twice in June 2017), before finally dipping to create the Alt season that traders are looking for. Happy trading - and please leave a LIKE if you enjoyed this analysis :)
by Evermore
6
Bitcoin Dominance. What to expect?Today we would like to discuss such an important index as btc dominance. It gives information about what will grow faster in the near future - bitcoin itself or other alrcoins. This index is an indicator of the start of the altcoin season. So what do we have? Analyzing BTC dominance is nothing better (in our opinion) than the Elliot Wave Theory. The impulse wave began more than a year ago, and most likely has not yet ended. Considering the markup on the graph, wave 5 still is not over. Consequently, the dominance of Bitcoin will still grow. The only question remains is whether domination will continue to grow directly from current levels, or it will begin to grow after a slight correction. Want to see more detailed analytics from us? Then support this idea with a like and subscription, and we will release an update for you! :)
CRYPTOCAP:BTC.D
by LakeVest
BITCOIN DOMINANCE OVERBLOWNHello, After further analysis we are taking the position that Bitcoin dominance is an overblown metric and does not predict price movements in other coins. As you can see in this chart, bitcoin dominance increases and decreases while price does the opposite sometimes and the same other times. All bitcoin dominance is really saying, at least for the past few months, is that money was flowing into the crypto sphere, primarily through Bitcoin first - OR/AND, other coins were liquidated in favor of bitcoin. However, as time goes on this trend can easily reverse again, and bitcoin dominance can decrease as it has in the past while the price continues to go up. What would be a better metric than bitcoin dominance is the market capitalization of other coins relative to bitcoin. And as we can currently see, many of the tops alts have been stable while bitcoin has increased in value - meaning simply that money flowing into the crypto space began with bitcoin. But this trend can change overnight. By no means is this financial advice. My only advice for you is to call your financial advisor. And eat more ice cream. -MarketMotives
BITSTAMP:BTCUSD
by MarketMotives
2
Alt Season lurks around the corner? Here we go!Good day traders, Someone on Twitter had a request in regard to BTC dominance so here is my analysis. Previously, I counted the rise in BTC's dominance as a five wave structure but something just didn't felt right so I've changed my mind in regard to the count. But don't worry, the outcome is still the same: We are near a turn As you can see, I'm counting the upward correction as a double three, aka a double zigzag , labeled as WXY. W was a nice three wave structure where C was 123.6% of A X was a pretty nasty triangle which we Ellioticians label as ABCDE The current wave (Y) is also a three wave structure that is near its end. I can count 7 swings The rise in Bitcoin's dominance is actually a bullish reaction in a bear trend. We label this a 'B wave'. Most people don't know this but a double three is pretty common as a B-wave. So that's why I changed my mind about that five wave count. All systems go? Nope, not quite yet. I still expect some minor rise in BTC's dominance during the next few days. I'm targeting the zone between 69.89% and 73.23% to see a top out. I prefer 69.89% though but we all know that Mr. Market has it's own will so we have to wait and see where it strands eventually. Although, there are quite some signals that 69.89% could be the top. Look at the bearish divergence in the RSI Channel resistance Horizontal resistance at 69.83% where we previously saw a reversal Another notable thing is that we are inside the golden pocket zone. Meaning that we've retraced 61.8%-65.8% of previous alt season. Which is usual a good spot to expect a turn. Conclusion: Alt season lurks around the corner. Good luck out there!
CRYPTOCAP:BTC.DShort
by ferGOD
1