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Bitcoindominance

[UPDATE ALT COIN MARKET] ALTS WOW! Are you seeing what I see? In this video, I'm analyzing the altcoin market by dividing the market cap by the M2 money supply. I also focus on the type of growth we had, the RSI and the timeframe of the cycle. As you can see: - M2 shows that we had a great re-test of the previous 2018 all-time high - More sustainable growth and not a blow-off top vertical log growth like in 2018 - 2021 RSI showed a bearish divergence which usually anticipates a correction and not the end of a cycle. 2018 RSI showed a completely different situation. - The previous bull market lasted more than 1 year while the current one less then 7 months Bonus: we did not break the all-time high of the BTC dominance yet (look at my related idea)
CRYPTOCAP:TOTAL2Long
by Homocryptus
1
$BTCDOM/USDT 30m (Binance Futures) Ascending channel breakdown#BitcoinDominance broke-down locally and is likely to retrace in the coming days. 50MA seems to be acting as resistance now, that would be a good thing for altcoins relief! Current Price= 1113.8 Sell Entry = 1116.2 - 1128.8 Take Profit= 1073.0 | 1025.2 | 992.5 Stop Loss= 1162.2 Risk/Reward= 1:1.25 | 1:2.45 | 1:3.27 Expected Profit= +17.64% | +34.68% | +46.32% Possible Loss= -14.16% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 4x Estimated Gain-time= 5 days
Short
by TradingOn
2
Btc Dominance Almost at Peak??As we have seen when BTC dumps gthe dominance level spikes up significantly and we have seen some nice green days like today after pullbacks, my drawing is pretty accurate so far and we could still see a little more upside in dominance to that peak at 48%. As we can see too this level is a pivot point and there is a good chance we reject off both. We are looking for that bearish double top to then hopefully resume this bullrun, there are lots of factors as you may have seen in my previous TA's we need to see RSI confirmed above the 50. point midline, EMA ribons fully twisting back bullish, the death cross reversal ie. 50 day coming back to get ontop of the 200 day. (Keep in mind those examples are for price and for the most past its reversed when talking about dominance). The MACD still has room to run up to get that double top pattern before ultimately crossing bearish, our blue MA is coming downwards on the orange but still has a bit of moving space. One more thing i like to keep in mind these sorta timeframes are so minimal compared to looking at a macro chart say in a couple years, this is just a small blip on the chart so try not to let emotions get to you thats what causes poor decisions! Not financial advice just my opinion!
CRYPTOCAP:BTC.D
by JacobR905
BITCOIN UP back in the range 28-40/42k USD. Analysis and targetsDear Friends, A while ago I did an analysis on how quickly Bitcoin can recover from a decline. Over the last month, it was a day and a half at most! Looks like we do the same exercise here again only the range is now 28-40/42k So Bitcoin has fallen to the support level of 28000 from before the big rise (28-64k). This is an exceptionally important level. If this level does not hold we are going to see irrevocably lower levels. Personally I don't believe it will. The bull cycle does not seem to me to be over for this year. It may be, but my opinion is that it is not. These actions are all designed to help traders get rid of their coins and then eventually get them to buy again at higher levels (when it is supposedly safe). This is how the cycle of making money keeps spinning. Fear and greed, fomo and eventual losses. Unfortunately for many investors so but of course not for all. Even if a price drops you still have your Bitcoins in your wallet. Only if you sold them or are stopped out you may count the loss. Don't get me wrong, stops are necessary but if you are not a daytrader you should only work with closing of the day candle stops otherwise you will be irrevocably whipsawed. The value of all assest rise or fall but you still own that asset. That is one thing to think about carefully. If BTC can hold 28000 I see the following happening for now. Nothing spectacular but just back into the new range between 28 and 40/42k. The support and resistance levels on the chart with the most important being 34093, 35296, 37059 and 40753. Drop to below 28k = sell as we will soon have 25 and 20k in our sights. Dear friends, please share your thoughts and idea's below. What do you think and why do you think it with or without a chart. I wish you all good luck with trading! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Long
by PegasusTechCharts
27
Bitcoin's Dominance Will Rise. What Does it Mean?Bitcoin’s Dominance is currently located at all time lows. The lowest BTC dominance was at 35% when Altcoins were popping back in early 2018. After the dominance started to increase, the whole market was taking hits especially altcoins. Now the daily chart of Bitcoin’s dominance is suggesting that the dominance is again about to rise and this can mean few things. - Bitcoin will fall in value, but altcoins will fall in value faster (We’ve seen this numerous times, when the market dumps hard, Bitcoin will fell almost always the least.) - Bitcoin will rise in value, but altcoins won’t be able to catch up (Bitcoin breakout from $20000 to $40000) - Bitcoin will be moving sideways meanwhile altcoins will slowly lose their value (2017 rally to $20000 scenario) Whichever of these scenarios will play out, the best strategy would be to either buy Bitcoin or buy a stable coin. RSI is about to break above 60, MACD very likely to push another strong buying wave and the dominance continues to trade at 50 EMA, failing to find resistance.
CRYPTOCAP:BTC.D
by TiborVrbovsky
2
Bitcoin Death cross and Bearish rising wedge. important analysisDear friends, Here you see the 4 hour chart of Bitcoin. Bitcoin is forming a bearish rising wedge. In this rising wedge we see the yellow rectangle / range where the price is moving between at this moment. Also note the 50/ 200 MA with projection lines when the cross is completed. What to watch for now? On a breakout below the yellow rectangle we first see the trend line of the wedge. If this wedge holds then we will most likely get a rebound and back into the rising wedge. If the price breaks out from the bottom of the wedge to the downside, the target is immediately USD 30000. A breakout above the yellow rectangle will take the price to the top of the wedge and immediately a heavy resistance zone. I do not expect a breakout above 43000 USD but another bounce down. I expect the 29000 to 43000 zone to last for quite some time. We can expect the 50/200 MA death cross around June 20. This is very likely to correct the market violently towards 29-30000 USD. In short: Breakout from the yellow rectangle downwards then bottom of wedge. Wedge broken downwards = target 29-30000 USD. Breakout from the yellow rectangle upwards then to the top of the wedge, then to 43000 or first another retrace to the bottom and again to that level to shake all traders out of the trees, long and short. The favorite game of the whales and big funds. wehn the 43000 level is reached then probably back to 30000 USD level to form new bullish patterns there again in the big range. After that bottom forming we will probably see again 43000. When we see a close above 43000 USD with a day candle and big volume, the new targets will be towards old top and much higher possibly 100.000 USD. Below 29000 USD we see 25000 USD and 20000 USD in the picture quickly. I wish you all good luck with trading! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚 By the way, here the chart zoomed out to better understand the situation.
by PegasusTechCharts
28
We buy your pains. 41,174$ is valid.we were so scared that we started collecting it early. It does not touch us 20 thousand even if it comes to 10 thousand, even if it comes to 3 thousand, 1 thousand dollars does not touch it. just don't close. Not investment advice, you could lose all your money. Don't forget to set the stop-loss and Tp points. The more we get scared, the more we want to buy. Unfortunately. It has the opposite effect on us. Set your tp and stop points. it is not investment advice. You can lose all your money in crypto or you can wait 10-20-30 years. Calculate your risk.! Share your risk.! 51471 42667 40281 38375 35830 31105 28824 25633 21690 19658
Long
by TraderEtc
8
Ethereum ETH detailed road map for the coming weeks! Target 2170Dear friends! Here we see my second favorite coin Ethereum. My first is Bitcoin and it will remain so because it is the leader of the entire crypto market. The puzzle pieces have to fit together to make a plan. That is what I am trying to do here, to make it logical and according what the charts is showing. Currently we have broken through the neckline of orange main shoulder formation, Ethereum has formed a bear flag and has broken out downwards there as well. My idea is therefore we are going irrevocably to the target of this HS at 2180. However, we also see that we are forming a Bullish falling wedge which however is not yet complete. The key point in time and price would then be June 14 with a price of 2180 after which we can break out of the wedge upwards. The target of the Bullish falling wedge is therefore exactly the descending trend line over the tops of Ethereum. However, if we break below 2100 then we will soon face the old bottom. However, I do not expect that to happen! Please note because in the longer term we have still set lower tops, after reaching the downward trend line over the tops we do need to break at least the 3000 USD with a day candle close to then get back to a full bullish scenario with old All time high in prospect. Dear traders, this is a likely scenario but not a guarantee of course. However, for me the puzzle pieces fit together perfectly so the probability of this scenario coming to fruition is all the greater. When you short do place a stop above 2500 USD with a short target of 2170. After that and if the bottom holds, back towards 2500-2600 USd. Nice moves where a lot of profit can be made. Warning: If the bottom does not rebound at 2200 USD, Ethereum will first seek the bottom at 1725 and possibly follow up with a target of 1300 which is the target of the broken large bullish triangle Good luck with trading! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Short
by PegasusTechCharts
24
BTC.D - Is the Alt Season Over?Bitcoin Dominance is Increasing. This statement is echoing in the crypto space now. But what is it and is the Alt Season Over? Bitcoin Dominance is the relative market capitalization, i.e. comparing the total supply of circulating tokens multiplied by the current price against the price of fifteen cryptocurrencies. What is Alt Season? If 75% of the Top 50 coins performed better than Bitcoin over the last season (90 days) it is Altcoin Season. Is it an Altcoin Month? If 75% of the Top 50 coins performed better than Bitcoin over the last 30 days it is Altcoin Month. In the above chart three (3) things can be clearly identified: 1. BTC Dominance is Increasing. 2. BTC Volumes are Decreasing 3. Inverse Price Action against ETH and LTC (strong correlation!!) What can we extrapolate? If, the BTC Dominance keeps increasing the prices of AltCoins will follow a downward trajectory. What can impact Bitcoin Dominance? BTC volumes need to hike up for BTC to decrease. Is the Alt Season Over? NO, we are still in Alt Season. It is Altcoin Month? NO, it's BTC month. Altcoins are losing the battle but, in the end, they will Win the War!! Keeping a close eye on BTC volumes is imperative. The moment we see a breakout in volumes from the average trend line BTC.D will start to decline. Do share your comments, feedback, and opinion.
CRYPTOCAP:BTC.D
by asad.rindani
2
BTC Dominance about to fall??!!Bitcoins dominance since shooting up during our last correction has slowly going sideways and slightly down which has formed this pennant, we have held perfectly inside this pattern and we are now approaching the Apex point or the end, our close tonight for BTC dominance will tell us quite a bit, my thoughts are we are going to break below the end of the pennant and keep our long term downtrend going, if this does play out Bitcoin will likely start to move up maybe not very far but altcoins will really begin to fly. There's a good chance we come back down to the 40% level like we saw early may and then after that i wouldn't be surprised to see 35% BTC dominance. The MACD is right on the verge of fully flipping bearish and could come down pretty hard once we see that confirmation. The histogram is almost right on that midway line which makes me believe some red bars are coming. Also EMA ribbons are pressing down heavy on our candles with lots of bearish momentum, there's lots of separation in the bands so i doubt we see a full reversal anytime soon, remember lower BTC dominance means incredible altcoin gains and most of the time smaller BTC gains. Either way good for the market after struggling recently i expect some green days ahead! NFA just my opinion
CRYPTOCAP:BTC.D
by JacobR905
BTC.Dominance (Retest 40 Level?)💎Technical Analysis Summary💎 BTC.Dominance -Bitcoin Dominance chart is rejected by the 50D MA last May 23rd -As of now, the price level keeps decreasing, and respecting this channel -This descending channel is technically bullish -If the price level breaks to the upside, the Altcoin space may suffer -Currently, It is facing rejection at 0.5 Fib and trendline resistance -There is a potential retest of the previous swing low at 39.6 level -If we will see a strong bounce from that support level -Be cautious about your altcoin positions especially if using leverage -But if the swing low of support failed -Expect a good run for the altcoins in the coming weeks -For now, everyone is waiting for a good market direction -Bitcoin on the other hand still consolidating around 37k dollars -I'm expecting BTC to move sideways in the coming days -With a potential 5%-10% volatility movement -So please manage your risk and don't over leverage -Weekend is coming, stay healthy and safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 ``````````````````````````````````````````````
CRYPTOCAP:BTC.D
by PolarHusk
15
BITCOIN - FALL TO $35K AND RISE TO $58K OR FALL TO $30K AND $20KRight here is my idea on Bitcoin. As we all know we have an head and shoulder pattern on this chart which predicts a fall and an inverse head and shoulder pattern on this same chart which predicts a bullish trend. So for the head and shoulder pattern to work, price will hit the yellow resistance line at $41,400-$42,00 and if it rejects, it will fall back to the neckline at $30,000 and may eventually fall more to $20,000. Also, for the inverse head and shoulder pattern to hold, I expect price to first go up to the supply zone at $43,000. If price rejects the zone, then I expect price to fall to $35,000 to form the right shoulder, then long to $58,000. Therefore we have two likely moves here. Either price fall to $35,000 and rise again to $58,000 or price fall to $30,000 and continue to fall to $20,000. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you would like to have one-on-one interaction with me about analysis of coins or currency, DM me.
BITSTAMP:BTCUSDShort
by PetrockFxTrading