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Bitcoindominance

BTC DominantI am expecting a market correction for bitcoin soon which actually in tact with bitcoin dominance. Right now bitcoin dominance is about to have a golden cross in the 1 hour time frame and entering a gaussian channel in the 4 hour time frame from it’s golden pocket. So I am expecting the drop of bitcoin will bring down most of the altcoins with it. Bitcoin dominance is projected to reach 46% level next week and probably continue more drop after that, which will bring altcoin to rally even more.
CRYPTOCAP:BTC.D
by ayusdipu
BITCOIN DOMINANCE STRENGTH EXPECTED TOWARDS Q4 2021 (MUST READ)Bitcoin dominance may be on the brink of a massive influx of strength. If I am correct, it looks like whales are in the early phases of moving their altcoin profits back into Bitcoin. Assuming this is true, we will start seeing a flight of capital move away from altcoins like Ethereum, Cardano, & Ripple to take profits by moving back into Bitcoin. We may be in the early macro stage of a reversal in BTC.D trend to see strength into Q3 & Q4. If this is true, depending on your tax situation, the best method of navigating this portion of the market cycle will mean hedging altcoins profits back into BTC. It will ensure that less capital is lost with any market correction, assuming Bitcoin sees less % downside than other coins. The key to this is to re-enter altcoins after the cycle begins to tip the other way. To expand on this further, I believe Ethereum will form a new all-time high before the end of this year. However, this does not mean it will happen soon. I think that Ethereum will have a second impulse to form a higher high (new ATH) while BTC lags behind it. If I sell any Ethereum to Bitcoin, I would be dammed to not get back into Ethereum after the next pullback. We will cautiously shift away from dominant long trades on margin and incorporate more shorts to hedge long-term spot positions when it comes to day trading. Lastly, expect strict regulation in the cryptocurrency market coming into 2022—snipers Out. #BITCOIN #ETHEREUM
CRYPTOCAP:BTC.DLong
by TradersProfitClub
4
HBAR / BTC - BTC.D in Rising Wedge, Alts in Falling WedgeAt the moment, it looks like Bitcoin wants to rise against alts, and it may do so in the short term, but mid to long-term a rising wedge coming out of a downtrend is a bearish continuation pattern for bitcoin dominance, while a falling wedge coming out of a downtrend is a reversal pattern. Hence, I think there's a good chance alts like HBAR and others are going to see some pretty nice gains against bitcoin. Preface this with the fact that patterns like this aren't always successful, especially in crypto, but they are "reliable" most of the time. Keep an eye on both and let's see if it does what it is supposed to do. Related ideas linked below
Long
by dudebruhwhoa
3
August 2021 Update: Ser When Next Alt Season?In my previous idea, I had a bias towards BTC.D going up but was willing to change my opinion if one of these two happens between: 1. ETH and major DeFi show reversal patterns on the 12h charts AND 2. BTC continues to be neutral to bullish . Well as luck would have it, both 1 and 2 happened so I have been scaling into alts slowly over the last few weeks. This is a breakdown of a triangle so I expect trend to continue. Alts INCLUDING ETH trade at Bitcoin's mercy so alts will only outperform BTC if BTC remains on a slow uptrend/sideways. A good sign of strength over the last two weeks is that alt/btc pairs have looked strong despite the BTC move to the upside. I expect alt season to end when BTC starts making new all time highs. Will scale out of alts when that occurs.
CRYPTOCAP:BTC.DShort
by brotoshee
Alt Season Round The Corner !?!? !!! Please keep in mind I use Daily, Weekly & Monthly charts period !!! Disclaimer - This is not Financial Advice. Bitcoin Dominance Chart is forming a rising wedge this generally indicates a break out is about to occur. As the trend was heading in a downward direction, we should see the downwards action continue, however, this won't be confirmed till the break out happens. I have plotted the directions I believe the chart will follow off support and resistance levels. Keep in mind that just because the Bitcoin Dominance heads lower, might not mean the price off BTC will fall but could rise gradually slower compared to the rest of the Crypto Market. If I had to estimate a time frame 1 - 2 weeks for break out confirmation, 1-2 weeks to retest the trend line then 3-5 week downward movement.
CRYPTOCAP:BTC.DShort
by Ikigai_Kaizen
Bitcoin Dominance in for a Crash!!?Bitcoins dominance has been pretty stubborn holding this support level at 45.74% but i think in the coming days we are going to see a decent sized drop in BTC dominance, we have wicked below this support level and are slowly coming down trying to push through it, lower dominance will be key for altcoins to really start exploding, same thing for BTC, we saw low dominance levels a couple months ago and we were seeing nice pumps in PA. What i noticed that could be very important is that todays candle/wick has touched down on the bottom band of the BB's, if we can see this continue we will likely be in for a big slip to the downside, now at first this could pullback the market a little bit but afterwards Altcoins especially will begin to rally, If we do see a drop in dominance it will be key to have that midline on the bollinger bands which right now acts as resistance below the support we are stuck on right now, this gives us a second layer of resistance so pumps back above this support are more unlikely. Im hoping if we do take a ride down the bollinger bands it gives us enough power to push through the next support level at 44.6%. The MACD is looking very positive for this prediction, we are a long way away from a bullish cross especially with our MA's seeing bigger separation, the Blue MA is pointing down pretty heavy leaving the orange behind and we are seeing bigger bear momentum on the histogram. Now the WaveTrend also lines up with this prediction we are almost pointing straight down and we are now passing through the mid section where it was the most likely spot for a reversal, we are likely about to see another bearish wave on the histogram here it looks like it is already starting with no sign of slowing down, ALT Season may not be too far away! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC Dominance Level 📉👇 (Good for the Altcoins?)💎Technical Analysis Summary💎 BTC.D -The Bitcoin Dominance started moving lower after a bearish retest -The mid-term trendline support is finally broken downwards -The price is now creating a lower low followed by a lower high -If this decrease in value for BTC Dominance continues -The next possible support for a bounce is at 44 level -For now, we can see strong altcoins performing pretty well -I'm expecting at least 5 days good green days for the altcoins -But that all depends if Bitcoin can hold above 44k dollars -Please only trade those coins with a good risk:reward ratio -Do not blindly buy any coins without looking at the risk potentials -Good luck everyone and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` 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
10
Time for alt season? Rising Wedge Continuation Pattern The rising wedge pattern just broke down on the BTC.D chart. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend. Trade opening should be upon once the support (blue) is broken and retested as resistance . Target a.k.a. Take Profit (purple) should be the vertical distance between resistance (yellow) and support (blue) at the starting point of the wedge. Stop-Loss (red) should be placed slightly above the resistance of the wedge (blue). Win to lose ratio : approximately 3:1 Last but not least, the above scenario perfectly coincides with the #divergence (orange) on the RSI.
CRYPTOCAP:BTC.DShort
by Audere_Capitis
ADA is about to gain momentum against BTCFalling Wedge Continuation Pattern There is an easy to distinguish descending wedge pattern on the ADABTC chart that has been forming for over a month. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend. Trade opening should be upon once the resistance(blue) and previous lower high(green) are broken. Target a.k.a. Take Profit (purple) should be the vertical distance between support(yellow) and resistance(blue) at the starting point of the wedge. Stop-Loss ( should be placed below the lowest traded price(red). Moreover, the same level has acted first as resistance and lately as support for the past six months(green-purple channel). Win to lose ratio : approximately 3:1 However, ideally, we would have another signal to back up this theory, such as divergence on RSI. Unfortunately, that's not the case as of now. Last but not least, the above scenario perfectly coincides with the rising wedge pattern on the Bitcoin dominance chart BTC.D and the expected effect of the upcoming release of the smart contract on the Cardano ADA blockchain , which should happen towards the end of August/start to mid-September. However, the concrete date is yet to be set.
Long
by Audere_Capitis
3
BTC.D 🚀Hi everyone, wish y'all have a profitable life 🍀 📍 I can see some raise in Bitcoin's dominance in parallel with the Bitcoin price growth. ⚠️ BUT, I still am not completely sure if this growth is smart money or a possible bull-trap, however I trade EXTREMELY carefully nowadays, plus I need to see the 44k zone to be broken and watch the volume indicator CAREFULLY. 📌 I personally think that the 50% zone needs to be tested! ⚠️ This growth is not a good NEWS for the Alt-coins. THIS IS NOT A FINANCIAL ADVICE PEACE 🍀🕊
CRYPTOCAP:BTC.DLong
by C_EWAVE13
2
BTC DOMINANCE PASSING A CRUCIAL LEVEL!!Bitcoins dominance level is on the fall once again after i thought we would see it happen a bit earlier but none the less this is positive for the market overall! We have actually passed a very crucial level here that could bring us an overall trend reversal, we have crossed the pivot point and if we can secure a daily close here we have a very good chance of turning to a downtrend which in turn could drag down the market initially but afterwards as dominance gets lower and lower altcoins will start to make some explosive moves. Also looking at the bollinger bands we are headed towards the bottom band which whenever that happens we could see a bigger fall if price action starts to ride the bottom band, very important is if we keep trailing downwards getting that midline on the BB below that pivot point will give us an extra layer of resistance so hopefully we can stay below the pivot point keeping the BTC dominance downtrend going! Now the RSI looking pretty bearish which in BTC dominance terms i see as good, we have crossed through the midline at the 50. point and if we can keep pushing downwards and hold below this line we will be looking at a confirmed downtrend, we have been in an uptrend for a months time now and i feel like we got a good chance of reversing that here and getting back to the bull cycle / altseason! not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC dominance - signalling AltSeason to resume ??It seems to me that the BITCOIN DOMINANCE is signalling that the AltSeason could soon resume !! After having broken down at the 72 level it rapidely collapsed until the 40 level. In my previous post (2 months ago) on BTC DOMINANCE I stated that "it could start overperforming" again (with the 50 level in mind). Now that it has recently reached the 49.22 level it got rejected at the top of the bearish wedge. I think we are done ! If it breaks 47 we could see the Altcoin market resuming again ! We could indeed see Bitcoin making new ATH, but I feel like the Altcoin Market will soon outperform Bitcoin again !! Let's follow BTC dominance closely...
CRYPTOCAP:BTC.DShort
by Dangermousebanana
1