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Bitcoindominance

USDT.D Chart update#USDT.D 4H Chart update USDT.D has been moving in a downtrend on both HTF and LTF. However, it currently broke out from the descending channel on LTF where it could be reaching 3.01% before moving down again. However, if it breaks through that level, we would be expecting a rejection from the 4h breaker else it would be breaking previous highs on HTF that could result in bullish moves which is not expected. -------------------------------------------- Best Regards, Reda Souhail™
CRYPTOCAP:BTC.D
by TopGBanks
BITCOIN DOMINANCE PUMPING! BE CAREFUL WITH YOUR ALTS/BTC PAIR!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this important update on Bitcoin dominance. As you know when bitcoin dominance bouncing Alts dump hard especially in BTC pair. In my previous update of bitcoin dominance, I clearly mention that dominance is going to bounce from 42 levels so book profit in your Alts. Hope you listened and took the necessary steps. So what now? Is this a good time to enter in Alts again? Let's get to the chart first. Currently, Bitcoin dominance hovering at above 44 levels and there is some resistance at this level. If we break this resistance then the next resistance is at around 48 levels. It is highly likely that we see a rejection from that level. If we break the 48 level resistance then things get very ugly for altcoins but IMO we may see a rejection from the 48 levels. Right now I recommend do not take entries in Alts. Wait for the right moment and keep a close eye on resistance levels. If there is any change in the plan then I'll update you. The last time Bitcoin dominance bounced from the 40 levels. It's very strong support. If we somehow manage to break the 40 levels then we see the greatest Altseason of history. What do you think about that? Do you also think that we may see the biggest Altseason? If you like this idea then do support it with your likes and follow. Also, share your views in the comment section. This isn't financial advice. DYOR before investing. Thank you!
CRYPTOCAP:BTC.D
by CoreCrypto1
WHY 100% bull market? Let me show you EGLD, BTC.D & more (PT.1)In this first video, I'm going to show you why we are 100% in a bull market and why altcoins are going parabolic in October and maybe early november. It's easy: - look at the overall structure of the charts - look at the moving and exponential moving averages daily crossing - look at the weekly charts Also, I'm speaking about a new scenario when it comes to the bull market which I called "the DOLLAR scenario". It will be discussed in Pt.2
BINANCE:EGLDUSDLong
by Homocryptus
1
🚀 Bad News, Good NewsChina bans (once again) crypto activities, and only news outlets seem to care about it. A positive reaction to bad news is one of the most bullish signals experienced investors wait for to assess the market's mood. You could argue that China's FUD is now almost no news anymore, but it can always represent a new opportunity for speculators to push the market lower. The market barely reacted to the news, and it remains in pause mode before moving to the next phase. Looking at the broader picture, you can see how the market moves in cycles, which last on average two to three months. The chart shows how Bitcoin's price (orange line) and dominance (blue line) evolved over the last year. By combining both trends, you can evaluate how to optimise your portfolio allocation and what strategies could work better in the next couple of months. Should the sequence of market phases start back from October 2020, Altcoins may significantly underperform Bitcoin. In perspective terms, Bitcoin Dominance is currently sitting at record lows, which validates, even more, this thesis. Time will tell, meanwhile better adopt a flexible approach and be ready to handle the next chapter.
CRYPTOCAP:BTC.D
by Coinrule
BTC Dominance Hidden Bearish Divergence Update!Taking a look back at our Bitcoin dominance hidden bearish divergence things are starting to play out just like we would want, this strong pattern indicates a continuation in trend and we are clearly in a strong downtrend, this is very positive for altcoins especially as dominance falls Bitcoin will have less of a grip on the market and this can and usually always leads explosive upwards movement for the alts. Now keep in mind if we do see a hard crash in dominance this could trigger an initial fall in BTC (which likely will bleed into the rest of the market) but once we find some footing we can expect altcoins to start going on some massive runs! Please feel free to refer back to my last TA to learn and see exactly whats involved with this hidden bearish divergence pattern! We are currently still trading within the bearish pennant and we are seeing what looks like a bearish transition candle but we have to wait till daily close to get that confirmation, as we approach the apex or end of this pennant we want to see a trickle downwards and a breakout to the downside which historically is very likely to be the case. Looking at the RSI last time i was talking about a likely rejection off the midline or slightly above it and we are seeing that play out perfectly, and is actually a good sign and indication these TA's are playing out, we want to see Bitcoins dominance stay in a confirmed downtrend with the RSI below the midline as shown over the past month on the RSI. The Stoch RSI aswell, since we already got 2 confirmations on the stoch RSI of the hidden bearish divergence it is a very good sign we are seeing a bearish cross and a fall out of the overbought area which directly correlates with PA, we want to see some separation in the blue and orange and to see a clear downwards projection coming from the blue, both the RSI and Stoch RSI are strengthening this call and making it more and more likely we are going to see this play out just like i've been saying. Now a new indicator to this series of TA's, the bollinger bands, we are seeing squeezing in the bands which shows volatility shrinking and indicates an explosive move looming, now the problem is it doesn't give a hint of which way but thats exactly why we are using other indicators and patterns, there is a much higher chance of us having a huge breakout to the downside rather than upside and thats due to all the facts i have been talking about in this TA like the Bearish pennant, hidden bearish divergence pattern, the start of a fall from the stoch RSI & RSI and also what looks like a return to a confirmed downtrend on the RSI, all of things point to something very clear, a looming drop in bitcoin dominance and remember that if we do see this crash its likely the market will feel the impact but afterwards we can expect altcoins to have some serious mega gains! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
3
Crypto Market Daily OutlookBitcoin Dominance is testing the trendline and bouncing from there. Bitcoin Dominance is still bullish and with BTC high volatility we see more blood in alts market. Dominance will go to 44% levels in the next couple of weeks. The major support is 40% and breaks below will lead to a good rally in altcoins. Market gainers are currently much bigger than losers and volume has picked up dramatically for this to be a Sunday trading session. ETH and ADA remains the highest volume pairs and we’re likely seeing a weekly close push in the next few hours. Get ready for it. -------------------------------------------- Best Regards, Reda Souhail™
CRYPTOCAP:BTC.D
by TopGBanks
Time to sell altcoins 🤔❓Decided to analyze bitcoin dominance and the global altcoin picture. Bitcoin and altcoins have already corrected enough. Based on logic, now is a good time to buy assets at a discount. If you follow the DCA system, now is definitely a good time. But that doesn't mean that prices can't go lower. What do we have on the bitcoin dominance chart? If you look at this chart, the picture for altcoins is not good. The double bottom, the local trend line has been broken and is now testing as support. None of this is good for altcoins. Be careful and follow your strategy. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
CRYPTOCAP:BTC.D
by Yuriy_Bishko
40
Bitcoin Dominance - breaking downLooking at BTC.D on the hourly chart reveals a rising bearish wedge that started forming about a week ago. It broke down out of the wedge this morning and is forming some sort of pennant just below. I've seen a lot of TA pointing to A sharp and quick decline to 39k for BTC and I think that idea has merit. I see such a move potentially causing a back-test of the recent BTC.D breakdown, but without doing as much damage to alts. I think we're on the cusp of another #altseason
CRYPTOCAP:BTC.D
by ehjreynolds
BTC Dominance getting stopped by heavy resistance!!Bitcoins dominance has been running the opposite of the market while we see a rise here we have been seeing some very red days for the overall crypto market, that might be ending pretty soon, Bitcoins dominance is currently facing very heavy resistance at the S1 level after falling underneath, we have many many wicks from even years ago on this level and its been getting built stronger for a long time now, i would be very surprised if we see a push through here atleast in the coming days especially since we have a total of 8 green candles in a row, i think a fall is likely too continue, and keep in mind we are in a very strong downtrend at the moment. We have some support directly underneath us at the 41.61% level and then a couple more, and i don't know if these would hold up all that well if we saw a strong reversal here and continued strong momentum to the downside, we could likely see the S2 level in the near future and i think that would absolutely ignite an altcoin run with ETH leading the pack with its almost 19% dominance level. Checking out the Ichimoku cloud we are seeing big red clouds of resistance pushing down our dominance, we look like we are seeing a slight decrease in the bearish cloud likely due to the recent upside we have had. Now check out the stoch RSI we notice we are far into the "overbought" zone and we are seeing what looks like to be a top out, we are in and out of bearish crosses and i think sooner rather than later we are going to see that big fall to the downside likely pushing the actual market into some green days! Not financial advice just my opinion
CRYPTOCAP:BTC.DShort
by JacobR905