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Bitcoindominance

#BTC Dominance ALT SEASON POSSIBILITY EXPLAINED!! Welcome to this extensive analysis of BTC Dominance. If you are reading my updates for the first time, make sure you follow me to read the most complex charts Explained in the most simplified manner. I also post margin and futures trade setups. Now, let’s get to the chart. BTC Dominance bounced right from the bottom of the channel around 39.15. Currently moving around 42.27 level and broke above the blue MA. The chart is pointing towards a possible rally towards 45.49 in the next 2 to 4 weeks. This will eventually give some momentum to BTC against altcoins. ALTS in BTC pairs are likely to continue some decline for the next few weeks unless it hits the legacy trend line resistance which is almost 300 days old. So once the index reaches that resistance level a rejection would lead to a 3 months rally in Altcoins in BTC pairs. So we need to wait for a few weeks to see whether it breaks the resistance or gets a strong rejection. CONCLUSION:- Alts will continue to bleed till dominance reaches 45.49 level. Once that level is reached I will update the next chart. We will have to see whether it gets rejected or breaks the trend line. Invalidation:- Close below the Blue MA. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
5
$BTCDOM/USDT 12h (#BinanceFutures) Rising wedge breakdownBitcoin Dominance Index just lost 50MA support and seems to be heading lower, that would be a nice relief for Altcoin. Current Price= 1205.1 Sell Entry= 1209.2 - 1228.8 Take Profit= 1162.2 | 1131.3 | 1101.2 Stop Loss= 1262.7 Risk/Reward= 1:1.3 | 1:2 | 1:2.7 Expected Profit= +18.64% | +28.76% | +38.64% Possible Loss= -14.32% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 4x Estimated Gain-time= 5 weeks Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance www.binance.com www.binance.com www.tradingview.com
Short
by TradingOn
Altcoin Dominance at bottom of Daily ChannelIf we're going to see alts continue to gain in dominance, it needs to turn around here. That's not to say that it couldn't ride the bottom for longer before it turns up, but we shouldn't see it drop much lower. Lose the channel and expect it to move down more before up. Bitcoin dominance looks like it's very close to moving down, having created a wedge here (inverted chart below). - That said, if BTC.D moves above ~46-47% and doesn't see a strong reaction turning back down, then we're likely to see more correction across the market or at least a sharp rise in Bitcoin that eats up alts. - Or, instead we see others.d move up from channel bottom and btc.d move down to new lows, we may see an alts run prior to btc moving back towards ATHs or even a new ATH.
CRYPTOCAP:OTHERS.DLong
by dudebruhwhoa
2
Possibility of the BTC.D and the Altseason SenarioAs you know, the whole BTC.D is in a bear market structure since 2016. if we look at the bear market structure of 2018 of BTC we see a similarity between the behavior of the BTC.D and BTC /USD they both reacted to the main resistance level several time and each time they bounce less (lower high) and each time they pass the resistance line (more depth and time) I would say since the 2021 BTC.D is having a similar structure to the 39.8%, it might be the scenario that we have one more test of 39.8% and bounce back to 41% (the last jump), and then we have everything season (where BTC Dominance will fluctuate in the resistant line) and after few days/weeks alts will be outperforming BTC
CRYPTOCAP:BTC.DLong
by MehranVa1992
3
Alts are on the brink of melting faces.As you can see Total 3 is in a descending broadening wedge and was most recently rejected at the upper diagonal line of resistance. Assuming BTC continues it's bullish reversal we can expect Alt's to do likewise. Could we come back down and test the recent lows again? Yes. But there's also a good probability that we hold the 720B area as support and attempt at breaking out of the descending line of resistance. A break above would finalize an inverse head and shoulder pattern with a breakout target at the .786 fib level which is approximately at 1 trillion. I think we could see this break out around mid-late February with a run towards 1 trillion ending at around mid-March.
CRYPTOCAP:TOTAL3Long
by CryptoNCoffee
BTC.d three possible scenariosThis is a 20 minute video showing everything I know about this Bitcoin Dominance (BTC.d) chart. In the beginning, I show basic things about BTC.d for those who do not understand the importance of it to altcoin holders. So if you are experienced, be patient. In the latter half, I go into more technical detail. The three scenarios I go over is that this wave form of this altcoin bull market is a: 1) 12345 impulsive wave 2) Wave B (wxy) corrective 3) Flat (ABC) I also show what possible pattern BTC.d might form going forward in years. I think there is something in this video for both the inexperienced and experienced traders.
CRYPTOCAP:BTC.DLong
by gz1968
Bitcoin Dominance: 1W Chart ReviewHello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Bitcoin Dominance. The chart is self-explanatory. The Bitcoin Dominance recently broke out of the S/R 1 line and headed for a re-test. If the re-test is successful and the price moves upwards, the Bitcoin Dominance will start moving up. I noted multiple Support and Resistance Lines to keep an eye on. The RSI also broke out of a resistance line headed up. Lastly, a Triple Bottom was recently formed which is bullish. This is a weekly chart so please be patient. Included in the chart: Trend line, Support and Resistance Lines, RSI, Triple Bottom Formation. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:BTC.D
by MillionaireEconomics
12
Bitcoin Dominance About To Shoot Up!Here we have a very good setup for the BTC.D (Bitcoin Dominance Index) chart. When we look at "a", "c" and "e" on the wave count above, we can notice lower lows while we have strong higher highs on the MACD and RSI. The MACD has now entered the bullish zone daily and the RSI is really strong: Now, going to the weekly timeframe -the main chart above- we can see prices closing above EMA10 last week and EMA21 being challenged. We also have a higher low compared to May 2021. The trading volume is still low and needed for confirmation. Bitcoin Dominance (BTC.D) is set to move higher. This analysis is invalidated on a candle close below 39.15%. Thanks a lot for reading. Namaste.
CRYPTOCAP:BTC.DLong
by AlanSantana
10
BTC.D. P-Modeling Pt 6. The Cajun Cups of Bitcoin Dominance Welcome Hyperspace Travelers, This is BTC .D. Depicted by Cajunomics. Bitcoin Dominance is very special. How it is special is for you to figure out. The greatest thing about Tradingview is the ability to press play on the charts after time has elapsed. Be sure to come back after 6 months to press play. Your mouth will drop. This will be one of the most studied charts of mine for years to come. But I am a simple pleb swimming endlessly in the pool of knowledge. I know enough to make you think twice about your plan. It whispers sweet melodies into your soul. Time and time again, I find myself staring in awe at one of my time-series creations. Bitcoin dominance is going to 96%. This means it will absorb the entire alt coin market. Doubtful? Excellent. It means BTC .D is going to absolutely rip your face off. The technical presented is quite simple when you take a step back and look at my overall macro narratives.. As it should. Net Weight distribution of BTC .D will fuel a USD ( DXY ) hyperinflationary cycle to 135. Net Weight distribution of BTC .D will also fuel a XAU .USD ( GOLD ) hyperinflationary cycle to 2600. That is your clue. Absorption of BTC .D with TOTAL Market Cap absorption = 100% chance of BTC going back to abysmally low level. This chart is old. I have worked on this for years. Waiting patiently for the narrative to execute. Oh and it will execute. That is a guarantee. One of the best kept secrets in the game... Thanks for Pondering the Unknown with Me, Glitch420
CRYPTOCAP:BTC.DLong
by Glitch420
15
Bitcoin Dominance Bottom - Altcoin Winter ApproachesData from our Crypto SmartWatch Portfolio Balancing Spreadsheet, The Altcoin Opportunity Index is in the low red zone, suggesting Altcoin Winter is near. In today's update we saw the following - a bearish shift as we see - 5 coins hit the 4 hour EMA Exit to drop to 1/2 position size - 3 coins hit the 12 hour EMA full exit signal The Alt Entry Index will rise as we go into a bear market for alts, but the Entry Index alone is not enough, we will need the Opportunity Index high at the same time for a really bullish setup. VIEW the January 17 2022 Altcoin Opportunities Panel Throughout the past months, I've been watching for BTC.D to bottom and rise along with Bitcoin finding a bottom and rising. I recently posted details in a video on YouTube 'Altcoin Winter Alert' www.youtube.com Please leave a comment. Let me know if you think BTC.D will be rising for the next while. If you do, let me know with yes I do. And give examples of what made you come to that conclusion. And if you don't think Dominance will rise, let me know that you don't. And in my next videos I'm going to break down some of the indicators we use and what they are saying about the next moves in Dominance. So if we all share as a group, we'll then get better ideas for making the most of the next moves in crypto.
CRYPTOCAP:BTC.D
by DigitalCurrencyTraders
1
#BTC Dominance Breaking Down? Or Just a Trap!Welcome to this quick update folks. BTC dominance is currently retesting the Blue MA on this 2day chart after breaking down. If we consider the wicks the scenario changes completely opposite of what we see here. Considering the current chart, It's highly likely we will see a dump in this index in the next few weeks given the condition it stays below this Blue MA. Close above this MA will invalidate this chart. ALTCOINS in BTC pairs will show some strength in the coming days. Currently, most of my portfolio is in USDT and BTC. I will accumulate the altcoins with some good fundamentals and will hold on spot. What's your trading plan? Do hit the like button and share your views in the comments section. Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
17
Bitcoin Dominance double bottom formation❓- Yello, ladies and gentlemen😎! 💎In our last BTC.D analysis in telegram we predicted the drop towards 39.54%, 261.8% Fibs. Immediately after, BTC.D followed the projected pattern and dropped by over 2%. 💎In fact, the BTC dominance formed a double bottom near 39.40% and currently trading at 40.5%. So the big question is whether it will reverse to the upside or the downtrend will continue. 💎Right now, we must consider several important facts.......
CRYPTOCAP:BTC.DShort
by CryptoPAMM
8