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Bitcoindominance

BTD.D & USDT.D -----> What's Happening?As I said before, I will say again that the market will always give you another chance to buy and there seem to be signs for this second chance. Possible scenario for me: Pullback to the broken levels of dominance by Tether and Bitcoin in the coming days and try to collect liquidity from the market and stop hunting small traders like me! Then the return of dominance and the price of Bitcoin to the upward trend of the past . and activating stop losses of positions in the opposite direction and possible shorts again! What do you Guys Think about Btc.d and Usdt.d?
CRYPTOCAP:USDT.D
by OdinSights
Does This Give Alts a Chance to Shine?Dominance is performing nearly perfectly with only a few surprises along the way. I wasn't quite sure dominance wanted to test the underside of that channel you see in red. That channel started in November of last year. We broke to the downside in August of this year and never really retested. Well, here we are today. We have retested the underside of the channel and can now expect BTC.D to continue its drop. The big question is will alts drop with Bitcoin as they have mostly been accustomed to doing in this bear market or will this finally be a time in which we can witness some divergence? The chart is showing the latter as a strong possibility however, be careful with your picks. Small cap/high risk alts should for the most part, not enter the equation here yet. The divergence will probably most notably be witness in larger cap alts like Ethereum and XRP. Maybe a few mid-cap alts as well. This is not fin advice. Stewdamus.
CRYPTOCAP:BTC.DShort
by stewdamus
Market Update - October 13 US consumer price index (CPI) remains sticky: CPI data released on Thursday did not show a further cooling in inflation in the US economy, further muddying the Fed’s decision making on the future interest rate path. Federal Reserve unable to reach a firm decision on interest rate hikes: Minutes from the Fed’s last meeting show wavering opinions on interest rate hikes against the backdrop of uncertainty in the US economy. Ongoing conflict between Israel and Hamas dampens investor confidence: The price of both bitcoin and ether has been in decline since attacks erupted between Hamas and Israel on Saturday. Bitcoin has dropped below FWB:27K USD and ether has lagged, falling to 0.057 on the ETHBTC pair. Sam Bankman-Fried’s trial continues as Caroline Ellison takes the stand: The former CEO of Alameda Research pleaded guilty to fraud and testified that SBF directed her to create false balance sheets to hide the company’s debt to FTX. India is paving the way for crypto adoption, despite 30% capital gains tax: The Central Board of Direct Taxes collected over $12m in taxes, and a newly released report ranks India as number one for grassroots crypto adoption. 🫱 Read more here
GEMINI:BTCUSD
by Gemini
Bitcoin Dominance targetsCRYPTOCAP:BTC.D Possible Targets and explanation idea ➡️Marked 2 main targets for Bitcoin Dominance ➡️Based on Take Profit indicator on weekly we can see test of "Take profit" line ➡️Marked green box zone where you can step by step sell and fix profit in altcoins Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
CRYPTOCAP:BTC.D
by Crypto4light
1
Here is Why Bitcoin Dominance Suggests Small AltseasonBitcoin dominance is currently displaying an intriguing pattern that could have significant implications for the altcoin market. It's following an ascending channel and has entered a consolidation phase around the 50.0% level. What's particularly noteworthy is the formation of a pattern that resembles a head and shoulders. Here's what this means: Consolidation at 50.0% Level: Bitcoin's dominance is hovering at the 50.0% level, signifying a balance between Bitcoin and altcoins in the market. Head and Shoulders-Like Pattern: The emergence of a pattern resembling a head and shoulders in Bitcoin dominance is a key observation. This pattern typically suggests a potential decline in Bitcoin's dominance. Possible Drop: Given the shape of this pattern, there's a possibility that Bitcoin's dominance could experience a small drop, perhaps towards 49.5%. Such a shift can have significant implications for altcoins. Altcoin Opportunities: As Bitcoin appears to be making upward moves, a slight dip in Bitcoin's dominance could pave the way for altcoins to shine. Altcoins often perform well when Bitcoin's dominance wanes, and they might even experience substantial gains. Check out Altseason Cycle Cheat Sheet >> In summary, Bitcoin's dominance teetering around the 50.0% level and the formation of a head and shoulders-like pattern signal a potential shift in market dynamics. This period of flux opens doors for diverse altcoins to showcase their potential. Smart strategies, vigilant monitoring, and prudent risk management will be key in maximizing gains and minimizing risks during this phase of the crypto market. Stay tuned, stay informed, happy trading!
CRYPTOCAP:BTC.D
by Vestinda
3
How to Altseason Cycle || Cheat Sheet || Bitcoin DominanceMonitoring Bitcoin dominance (BTC-DOM) is a valuable tool for crypto traders. It provides insights into the relationship between Bitcoin (BTC-USD) and altcoins (ALT-USD), helping you make bette decisions about your altcoins and tokens. Spotting Altcoin Seasons: Altcoin seasons are periods of heightened interest in different cryptocurrencies and tokens, often causing their total market cap to surpass that of Bitcoin. Understanding BTC-DOM's movements can help you anticipate how the market might react: 1. BTC-DOM Goes UP: When BTC-DOM rises and BTC-USD also climbs, it often indicates a bullish phase for Bitcoin. During this time, ALT-USD may stay relative stable and face sideways. If BTC-USD experiences a decline while BTC-DOM is on the upswing, ALT-USD might witness a significant dump. When BTC-USD moves sideways and BTC-DOM follows suit, ALT-USD tends to maintain a stable course. 2. BTC-DOM Goes SIDEWAYS: If BTC-DOM remains relatively stable and BTC-USD sees an uptrend, ALT-USD often mirrors this upward movement. Conversely, if BTC-USD takes a dip while BTC-DOM remains flat, ALT-USD tends to follow suit with a decline. When both BTC-USD and BTC-DOM exhibit sideways patterns, ALT-USD typically remains in a state of relative stability. 3. BTC-DOM Goes DOWN: A decrease in BTC-DOM coupled with a rising BTC-USD often leads to a pumps for ALT-USD. When BTC-USD experiences a decrease while BTC-DOM falls, ALT-USD may stabilize or enter a sideways phase. If BTC-USD moves sideways while BTC-DOM declines, ALT-USD often witnesses an upward movement. Remember that while these trends offer valuable insights, the crypto market is highly volatile. Low cap altcoins can behave unexpectedly even when Bitcoin dominance suggests a particular trend. Therefore, use Bitcoin dominance as one of many tools in your investment strategy, and always conduct thorough research before making decisions.
by Vestinda
14
Bitcoin Dominance: Key Insights for TradersGreetings dear traders, let's analyze Bitcoin Dominance chart! The Bitcoin Dominance chart is currently perched just above the crucial 49% mark, a pivotal level recognized for its significance as both support and resistance over the long term. Delving deeper into the analysis, the Relative Strength Index (RSI) reveals an intriguing development—a notable oversold signal. This could potentially be indicative of an impending price rebound. Zooming out, our attention is drawn to the nearest resistance point, situated around the downtrend channel resistance. This obstacle aligns closely with the 50% dominance threshold. The convergence of these factors presents a compelling scenario: a potential rebound from this resistance could spark altcoin season.
CRYPTOCAP:BTC.D
by Vestinda
$BTC - The Struggle Continues - #Bitcoin's Uptrend still intact in terms of Price Action, coming from the Lows of 15K . Concerning is the fact that despite Bitcoin trending Bullish on regards of Market Structure (series of HH & HL ) ; it is trending so, within a Rising Channel (i.e bearish flag). Ahead of this current uptrend is the Golden Zone Fibbonaci Level awaited to be faced as Resistance in the midst of a Critical S/R Zone. Both of this targets should be flipped from Resistance to Support(retested) in order for Bitcoin to be headed higher, to trigger the price interest at 50k-65k ; W(tf) *OB a (see the updated idea attached below) Until further confirmations, CRYPTOCAP:BTC is likely to be headed to at least 35.000$ in the short term time frame. Key S/R and Golden Zone may very well be the next stoping point to open shorts TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking on any trading activity based solely on this Idea.
BITSTAMP:BTCUSD
by Mr_J__fx
5
BITCOIN - NO BULL RUN TILL MARCH 2024This Bitcoin chart right here is a monthly timeframe chart. We all have been expecting this bear market to be over but it keeps deceiving us. Here is a clue on what to expect in the coming month. Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend. We have four phases here and the number of months each lasted for The All Time High - All Time Low (12 Months) The Bull Trap (6 Months) Accumulation Phase (9 Months) And finally the; All Time Low to All Time High (13 Months) Comparing the two bear market together, we have completed the first two phases and we are in the accumulation phase. Therefore, we have till February 2024 to accumulate our favorite gems before a bull run will kickstart. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
BITSTAMP:BTCUSDShort
by PetrockTheAnalyst
8
BTC dominance decreasing can indeed have a positive impact 📉 Bitcoin's dominance decreasing can indeed have a positive impact on altcoins! 🚀 As Bitcoin's dominance (the percentage of total cryptocurrency market cap that Bitcoin represents) decreases, it often suggests that investors are diversifying into other cryptocurrencies, including altcoins. This can lead to increased interest and potential price appreciation in the altcoin market. However, market dynamics can be complex, so continue to monitor trends, news, and overall market sentiment to make informed decisions. 📊🚀 #BitcoinDominance #AltcoinSeason #MarketTrends #Diversification
CRYPTOCAP:BTC.D
by SatoshiPremium
📈BTC.D analysis, ready to fall below the📉CRYPTOCAP:BTC.D Hello Traders, please check out my previous ideas. As indicated in the chart, Bitcoin Dominance can return to the yellow range before moving upwards. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
CRYPTOCAP:BTC.DShort
by CrazyS
Bitcoin Dominance (#BTC.D) Hits HH: What It Means for Altcoins🌴 Paradisers, let's discuss the recent developments in the Bitcoin dominance (#BTCD) and its potential impact on the cryptocurrency market. 🌴 💎 The Bitcoin dominance recently reached a new higher high, hitting the 49.66% mark. This is an important milestone, as it signifies the breakthrough of a long-term resistance level. This breakthrough opens up the possibility for #BTCD to climb even higher, showcasing its strength in the market. 💎 💎 However, it's worth noting that the price of #BTCD has encountered resistance at the 261.8% Fibonacci level, suggesting a potential pullback in the near future. This correction could lead #BTCD to retrace back to the 48% area, allowing room for the Altcoins to flourish. 💎 If #BTCD manages to stay within the ascending channel, it is highly likely that we may witness an Altcoin Bloodbath after the pullback. This indicates a period where Altcoins could experience significant drop in a relatively short timespan. On the other hand, if #BTCD breaks below the 48% support and subsequently 47%, it could signify a greater potential for the Altcoin season to emerge. 💎 In summary, the overall trend remains strongly bullish for #BTCD, but a healthy pullback would not be surprising. If the pullback occurs, #BTCD could resume its rally and potentially target the resistance level at 52%, which aligns with a double Fibonacci level.
CRYPTOCAP:BTC.DLong
by MyCryptoParadise
Bitcoin Dominance & Total2Bitcoin Dominance Index (BTC.D) - calculated index that shows the ratio of bitcoin capitalization to the rest of the cryptocurrency market. CRYPTOCAP:BTC.D It directly demonstrates inflow and outflow liquidity into the first cryptocurrency, due to which the investor gets the opportunity to predict a potential “altcoin season” TOTAL2 - crypto market capitalization excluding bitcoin capitalization. An indicator showing the inflow of liquidity into altcoins. Correlation As a settlement index, bitcoin dominance is correlated indicator, and has a number of properties that can enable the investor to predict potential market changes: Here is example of potential movements between this 3 charts Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
CRYPTOCAP:BTC.DEducation
by Crypto4light
📈 Bitcoin Dominance Most Bullish Since Jan. 2018Bitcoin Dominance is about to go through the roof. The weekly RSI is at its highest level since September 2019. The setup we are seeing now is something we haven't seen since early 2018. We are also about to experience the "mirror image" of the phase that took place in Q1-Q2 2022. Mirror image as in reverse. We should see massive growth across the Cryptocurrency market. New people coming in, new money, new developments, new excitement... Growth and progress will flow from Bitcoin to the Altcoins and then back and forth. The worst is already in the past, 2022... We are set to experience years of growth. Namaste.
CRYPTOCAP:BTC.DLong
by MasterAnanda
12