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Bitcoindominance

BTC Dominance, Altcoins might get rektTakeaways -Stoch RSI Bull Divergence cross on weekly after September Correction -Polynomial regression trend moving upwards ~53% dominance -Q4 could bring the market cycle to where BTC takes the lead until 80k-100k, with certain alts going parabolic shortly after btc run (shib the new doge?) -Though can't say for certain that we are in BTC season given an Altcoin Season Index of 43 . But, it is a btc month. Speculation: -CeX's temporarily delist alts that fail Howey test -Taproot upping the competition for native blockchains that don't have smart contracts -Alt-coin king $ETH having a limit sell block region from 3.8k-4k , with buy limits at every 50$ from 3.25k to 3k. BTC had a limit region like this but back when it was 40k. Maybe $ETH will have the same effect $BTC had but in reverse?
CRYPTOCAP:BTC.DLong
by linebands
BTC Dominance (Weekly EMA19 Resistance?)💎Technical Analysis Summary💎 BTC.D -The Bitcoin Dominance value is retesting the EMA19 on the weekly timeframe -If the recent history will repeat itself, we could expect rejection and retracement back to 40 level -And during its downward movement, the altcoin space will experience good recoveries or upside rallies -For now, we can see the BTC Dominance is reacting to this EMA as resistance -If a bearish confirmation will happen this week then we could see a short term Altseason -Take note, this is only a guide, Bitcoin price action is still the king -As long as Bitcoin is showing good signs of strength, strong altcoins will continue to perform -So please make sure to trade only coins that are showing good strength in terms of price action -Good luck guys, and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
CRYPTOCAP:BTC.D
by PolarHusk
14
How to Use the Bitcoin Dominance Chart to Maximize ProfitsIn this post, I'll be explaining a simple approach to the cryptocurrency market, and how you can refer to the Bitcoin Dominance Chart (BTC.D) to maximize profits. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk. Bitcoin Dominance (BTC.D) - Bitcoin Dominance is simply an indicator that demonstrates the percentage of Bitcoin's market cap relative to the entire market cap. - When Bitcoin dominance is high, it indicates that Bitcoin's market cap is relatively larger compared to that of other altcoins, and vice versa. - So when Bitcoin dominance rises, it could either indicate that: - Bitcoin is rising at a faster pace than altcoins (during an uptrend) - Altcoins are correcting at a faster pace than Bitcoin (during a downtrend). - Vice versa, a drop in Bitcoin dominance could indicate that: - Bitcoin is dropping at a faster pace than altcoins (during a downtrend) - Or that altcoins are rising at a faster pace than Bitcoin (during an uptrend). - Understanding this, you can refer to the Bitcoin dominance chart to rebalance your portfolio according to market situations. Historical Price Action - Above, I've marked Bitcoin's price action (black), relative to that of ETH (blue), which represents the overall altcoin market. - The captions in the chart best explain the logic behind the price action, and how dominance is affected by it. - What's important to understand is that the situation is relative: a high dominance does not necessarily indicate that buying altcoins is a good idea. - It's important to understand the overall market cycle and structure to determine which regions are good entries. Anatomy of a Market Cycle - Above, we have the market cycle explained using Elliott Waves. - The market never moves in straight lines: It goes through phases of impulse waves, and corrective waves. - Elliott Waves also have very strict rules that must be kept. - Or else, the wave count is considered negated. - Here are the rules: - Waves 1,3 and 5 are always with the trend - Waves 2,4 are always against the trend - Wave 2 can never drop below wave 1’s low - Wave 3 can never be the smallest wave - Wave 4 can never drop into the range of wave 2 (unless it is part of a diagonal) - With this in mind, we can now take a look at where Bitcoin is, from the larger wave count. Bitcoin Market Cycle using Elliott Waves - We can start counting the wave from $3.1k, when Bitcoin bottomed out around the end of 2018 - Based on this wave count, it could be said that the move up to $64k was the end of the 3rd impulse wave. - We have recently completed the 4th corrective wave, and are on our way to complete the 5th impulse wave. - As to why I have selected the $200k region and June 2022 as my price and time period target, please refer to my previous analysis below: Conclusion Bitcoin dominance is currently forming a double bottom on the weekly. With Bitcoin's wave count lining up for an impulse move upwards, I expect Bitcoin to rally upwards, outperforming other altcoins in the short-mid term. As Bitcoin paves way for the entire crypto market cap by breaking through all time high levels in Q4, we could see Bitcoin dominance reach resistance around the 60-70% range. At that point, given that the broader market cycle isn't over, it would be a good point adjust your portfolio, and scale profits from Bitcoin into altcoins for maximum returns. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
CRYPTOCAP:BTC.DEducation
by Michael_Wang_Official
97
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