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Bitcoindominance

King BTC for the next monthsBTC Dominance is in a long term range between 70 and 30 and i believe this range will not break higher or lower for a long time ahead. MACD in Daily and Weekly is bullish on the charts and i don't see it reversing that fast, hence prices would go higher into 60s area in the coming weeks, if we get there we should start looking at reversal options. This mean Alts value in USD would probably benefit from BTC higher prices but we wouldn't see an overall "ALT Season" where ALTs are overperforming BTC. Of course this would need to be followed as we cannot predict the market
CRYPTOCAP:BTC.DLong
by Heatrading
BTC Dominance PredictionThis is just an idea I charted back in early October. Putting it here to see others' thoughts. I have 3 theories on how this market cycle is going to end. This is 1 of them which is quite bullish and is reflected by this chart: Early Jan will be the peak of the altcoin season hence we drop below the 2017 BTC.D but then instantly pump back up. The whole market dumps early January based on this idea as per 2018 January. February we then get a cat bounce as ETH2.0 is announced and/or is anticipated. But this bounce will prove the bear market is upon us as a week or 2 before the ETH2.0 launch (I expect around late Feb or early March) will be the mother of all dumps. At this point, if you HODL'ed during the dump from early Jan, it's probably best to sell on this bounce and perhaps leave a small amount for speculation. Again, this is just an idea.
CRYPTOCAP:BTC.DLong
by yas_btc_eth
4
Bitcoin Dominance Downside Coming!!?Bitcoins dominance has risen up along with bitcoins price and hurt the altcoins almost all around the board, but things are looking up for altcoins as bitcoin dominance looks like its about to tumble down. As dominance falls altcoins will start to rise and the more it falls the more Alts will pump, keep in mind bitcoin can initially drag down the market if we see price action drop along with dominance but once we find some footing on BTC we can expect altcoins to start flying! First off taking a look at todays daily candle, we notice a very small body and long wicks coming from both sides, now this is often looked at as a transition candle and in this case would be a bearish transition candle, we do have to wait for our daily close tonight to really get the confirmation, but either way i think some downside on the dominance is coming sooner than later. We have had a spree of green daily candles, we have had 18 in a row almost except for 1 red candle in the middle of this run up, as you can see on the pivot bands we have had many many touches off the red band at the top and what usually follows is some downside, and this will be key for the altcoins. We want to see a push underneath the purple midline which likely wont happen today but i could see it coming in the next couple days, this will eliminate a key support level and then we will be challenged with support at 44.68% and a break below here is what we want to see, then of course a continued fall downwards. Now looking at the reversal momentum indicator (RMI) we are coming up very close to a bearish cross or a bearish reversal, and since we are pretty high up in the top zone we can likely see a decent fall if we do see this reversal play out, we want to see big separation with the orange on top. Now the Wavetrend is looking pretty bearish considering we are in the sell zone now for a bit of time, and we notice a nice downside curl signalling this upside wave could definitely be coming to an end here soon, the last time we saw such a big upside wave was at the beginning of august and we were followed with pretty heavy downside which will be key to spark this altseason and too send the altcoins flying sky high! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
1
Bitcoin Dominance Chart AnalysisPeople ask a lot about this chart, Bitcoin Dominance (BTC.D). Currently, we have some bearish action developing even though it is early on. We are used to reading early signals and this is pointing like a correction is about to show up. Check my latest BTCUSD for more details. Now, how far down can this one go? We are looking at a correction but not a bear wave/market, with this in mind we aim at a higher low. The 0.5/0.618 Fib. retracement level looks like a good support. This is also close to EMA50 which also tends to works as strong support. The RSI is already trending down after a lower high. Same with the MACD. This is all expected and we are not surprised. We need one final strong correction before Nov./Dec. If we really one to see $100K or beyond. This is what I see coming from this chart mixed with all the data that I have from reading Bitcoin for the past 8-12 months. If you agree or have a different opinion, share it in the comments section with us. Thank you for reading. Thanks a lot for your continued support. Namaste.
CRYPTOCAP:BTC.DShort
by MasterAnanda
25
$BTC Dominance$BTC Dominance (Timeframe: 1D) -------------------- Long Term Resistance: 50.17% Long Term Support: 36.31% BTC Market Dominance becoming a much more defining factor over the last couple of days, as the bounce from 39.90% has sliced through our 43.75% key level and retested it as support. Now that dominance is gaining momentum towards our next key resistance level (50.17%) we could see BTC being the only significant gainer in the next 5-7 days, before giving alts another chance of catching up -------------------------------------------- Best Regards, iSmashProfit™
CRYPTOCAP:BTC.D
by TopGBanks
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