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Bitcoindominance

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
BTC DOMINANCE is bouncing, Bad news for Altcoins!Hi there, Bitcoin Dominance is bouncing and this is not good for Altcoins at all. BTC.D was moving in a downtrend channel for about 50 days and I expect to see a breakout of that. What will happen? In the best case when BTC.D is going up if Bitcoin goes up too, Altcoins will fall with a low slope. In the worst case when BTC.D is going up if Bitcoin goes down, Altcoins will fall rapidly. So In my idea this is a bad time to be with Altcoins, Also Altcoins growth a lot in the past 50 days and these prices are not proper to buy for next leg up. Be carful with your trading and investing. Your Likes and comments are the best Thank you.
CRYPTOCAP:BTC.DLong
by TahaZargar
5
BTC Dominance - what to do with altcoins 😱Bitcoin is going down. At the same time, bitcoin dominance is going upwards. This is bad for altcoins. It is very likely that BTC will continue to decline and could collect stop losses below the local low of $42,850. At the same time, altcoins will fall several times harder. Before that, bitcoin domination has broken and tested the trend line as support. BTC.D has now broken the important level of 41. The dominance could go further in the marked scenario. 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
13
₿ Comparing #BITCOIN & #Tether's Dominance ₿Well, as we can see, the tether's dominance is increasing, which according to previous analyzes, we know that when such an event occurs, it will cause the fall of bitcoins and altcoins , as in the past few days their prices have fallen. i still expecting Tether's dominance to increase again, and if that happens we can expect Bitcoin to fall to $ 37,300 (the first condition being the loss of support at $ 42,670 and $ 40,000). CRYPTOCAP:USDT.D ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 11.Sep.2021 ⚠️(DYOR)
CRYPTOCAP:USDT.DLong
by ArmanShabanTrading
6
#BTC Dominance 100% Perfect Prediction! What's next?Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get straight to the chart. BTC dominance started falling from the 48.6 level (the circle) we called the alt season at that time. Many altcoins already went 4x to even 10x. The question here is, is it over already? I will keep this simple for you... If we hold this 41.8k level by this weekly close we can expect some bounce which will give us some opportunities to buy Altcoins at cheap prices. Any close below the red line leads to alt season Lower support is at 39.03 and 36.33 levels. I am. holding my altcoins on spot for now. What's your thought on this? Do you think this correction is over? Do you think ALTCOINS could easily pump from here? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE

CRYPTOCAP:BTC.D
by Cryptorphic
7
Altcoin Season About to Explode!?Bitcoins dominance is really showing struggle with its continued fall and i think we could be looking at a bigger push down coming soon, we have held up on the 40.5% level but we wicked down to another support level at 40% the previous altseason in 2018 saw a BTC fall to just below 35% for the peak of the alt cycle and i personally believe we could see a bigger altseason for many reasons but to name a few, huge institutional investing, much more exposure to altcoins, and millions and millions of new crypto investors. Looking at the bollinger bands as talked about in my last TA we in and out of grabbing onto that bottom band and once we do i think we are bound to break these 2 support levels, the market may fall initially but it will get less and less for altcoins as the dominance goes lower and afterwards we can expect altcoins to start flying. The RSI remains in a confirmed downtrend and is back into the "oversold" area, but i don't see us getting up above the midline anytime soon we are quite a ways away and i think altseason is growing, The Stoch RSI is actually on a move upwards but we are seeing the blue ma loosing steam and starting to come back towards the orange in what looks like a soon to be bearish cross! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC Dominance (Another Mini Altseason?)💎Technical Analysis Summary💎 BTC.Dominance -The BTC Dominance chart level has reached my previous target -The Dominance 41 level is the support last June 7 before a run-up -The price is reacting to this area but not enough data to back up for a reversal -If the BTC Dominance level holds this area for a few days -Then expect a potential bounce up to 42-43 levels -And on the other side, a fail below this support will lead to testing the 40 level -Definitely, I want to see BTC Dominance drop to a lower low -Because the Altcoins will perform stronger in the coming days or weeks -But still, be cautious and only trade those coins have strong momentums -Good luck and stay safe everyone! ⚠️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
37
BTC Dominance About To Fall!!?Bitcoins dominance level has fallen below key support at 43.32% and we are now looking for a drop to the 41% level! This would be very positive for the whole market especially the altcoins, there could be a initial drop from dominance crashing but afterwards we will see the market start to breakout! First off on the MACD we are seeing a bearish cross with the start of a little separation, whats key here is that we see the MA's start to take off from one another and spread out lessening the chance of a near bullish cross. Like we are seeing currently we want to keep seeing rising red bars on the histogram with each one getting bigger and bigger, this shows bearish momentum and in this case its very positive for the altcoins! Now the Bollinger bands, even though we have been on a bit of a fall already we are just now starting to touch the bottom band, and usually the case if this continues is a waterslide affect bringing price action down on a slope, if this occurs this is where i think actual BTC price action will react, if theres a big drop rapidly we can likely expect BTC's price to initially fall with it. Now the EMA ribbons, which is a great longer term indicator, we notice lots of downwards pressure on BTC's dominance, we we're starting to squeeze a little bit recently but now we are beginning to see the ribbons spread out bearishly, the more the ribbons spread out and push down the further we are from an overall trend reversal, we will likely see these ribbons fully spread out in the coming weeks/month and that is when altseason will be in full effect! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905