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Bitcoindominance

Bitcoin Dominance Breakout could Be Really Bad news ⚠️Bitcoin Dominance had been going sideways in what we called 'slow death April 2022'. Well, early in May the price is attempting (right now) to exit from the descending wedge and it appears to be doing that going North (Up). When Btc dominance rises it's bad news for Altcoins so let's be careful and see how the price behaves at resistance. Keep you posted and remember what our plan has been this year: Buy BTC, hedge with some short positions on some Alts and Nasdaq... Been working here but still, very painful to see Alts losing even more ground. This is our opinion here, our only advise is to do your own research and take it easy. One Love, the FXPROFESSOR
CRYPTOCAP:BTC.DLong
by FX_Professor
2
BTC.D UPDATE! ALTSEASON SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC DOMINANCE update. Bitcoin dominance is trading inside a descending channel. SO here I expect two scenarios for BTC.D- Scenario1:- BTC.D starts dropping from here and is likely to break below the channel. In that case, Altcoins start bouncing from here. Scenario2:- We might hit again the upper trendline of the channel and from there we saw the rejection. After hitting the upper trendline it is highly likely that it starts dropping. In that case, we see some more corrections in Alts so that would give us the best entries. So in both scenarios, we might see soon a great Altseason. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
4
BITCOIN DOMINANCE: H&S PATTERN!! ALTSEASON IF?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC DOMINANCE update. BITCOIN DOMINANCE is forming a head and shoulder pattern here which is generally a bearish pattern. Currently, it is trading around 41.44 level and hovering near the neckline of the head and shoulder. If it breaks below the neckline then we can expect a quite good dump in BTC.D and a good pump in Altcoins. If it bounces again from the neckline then we see some more correction in Altcoin. IMO it's better to wait for the close below the neckline. After that, we start taking positions in many altcoins. Till then stay safe. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
Bitcoin Dominance BTC.D - Alt season! Huge descending triangle!- I hope you are ready for the upcoming alt season in 2022! - We have a descending triangle on the weekly time frame, which is definitely very bullish for altcoins. - Bitcoin Dominance is going down and there is still no signs of trend reversal. - ABCDE triangle should be completed and now we are waiting for the huge breakout! - Previous swing low resistance (2018) is our next target, then here we can experience a bounce.
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
7
BTC.D Critical Territory AgainThe Bitcoin Dominance looks like it wants to make a local low here , compared to the previous one it would be a Higher low and potential massive reversal to the upside can happen from this point. 1st Scenario (higher probability) BTC.D will break above 43,40% and thus confirm the higher low , which will lead to Altcoins bleeding versus their bitcoin pairing as up to 55% on a macro scale. 2nd Scenario (lower probability) BTC.D will break the 41,30% and thus Invalidate the local low , which will lead to Altcoins gains versus their bitcoin pairing (Mini-Alt season) , further down we have the BIG support around 40% , if the bitcoin dominance were able to break the 40% support a really Massive Altcoin season will occur. P.S. Would like to hear your toughs and opinions in the comment section, Thanks.
CRYPTOCAP:BTC.D
by Whispofearth
BTC.D BREAKS DOWN! ALT SEASON START!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC Dominance update. Bitcoin dominance is inversely proportional to altcoins means when BTC .D increases Alts starts dumping and when BTC .D dumping, Alts starts pumping. BTC .D affects especially BTC pair altcoins. Bitcoin dominance is breaking down from the rising wedge in the daily time frame and looks bearish. Also, it breaks below the 21D ma which is also a good sign for Altcoins. The Green dotted line shown in the charts indicates the support level. I'm expecting the Bitcoin dominance to reach the 40 levels again and we might see a good Altcoin season in the 2nd quarter of 2022. IMO it's best to accumulate some good Altcoins, especially in BTC pair on spot. Soon I'll share some good Altcoins in BTC pair. What do you think about this? Do you also think that we can see a good Altcoin season in the 2nd quarter of 2022? Share your views In the comment section. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
7
SXP/BTC TRADE SETUP! READY TO PUMP MORE THAN 100%!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this SXP/BTC TRADE setup. As I told you in my previous BTC.D update that Dominance is breaking down and ready to fall so it's the best time to accumulate some Altcoins in BTC pair. Here is my first pick. SXP looks great here. Breaking out from a symmetrical triangle in the daily time frame. Looks like it is ready to go its previous ATH. Buy some now and add more in dips. Entry range:- 0.00003200-0.000036 Target1:- 0.00004200 Target2:- 0.00005000 Target3:- 0.00005800 Target4:- 0.00006600 Target5:- 0.00007400 Target6:- 0.00008400 SL:- 0.00002800 Buy this on spot and hold it for 2-3 months. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
USDT Dominance Chart Showing WeaknessA while back I posted a Bullish Shark with Bullish Divergence setup for USDT.D that signaled that USDT.D would rise as BTC fell and since posting that BTC Dominance indeed went up and price has certainly fallen. Now we have the opposite situation with USDT.D showing us a Bearish Shark with Bearish Divergence that we've failed to test above twice now and if things go as planned we should see BTC rallying as the USDT Dominance chart falls. I will be targeting the zone between the 50% and 88.6% Retraces for profit taking before looking for any signs of reversal later on which if found could prove to be bearish for BTC if that time comes.
CRYPTOCAP:USDT.DShort
by RizeSenpai