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Bitcoindominance

BTC Dominance Taking a dump!BTC dominance is falling more and more while the altcoins start to perform hot, especially Ethereum! We continue to make lower lows with us hitting low 42% dominance, came up a little bit since then but looking very bearish. However i do expect a short term bounce off the 40% dominance level due to it being strong historical support. Looking for a peak for alts around 35% BTC dominance. We are getting pressed down hard by bearish ichimoku clouds, with us starting to point even more straight down. RSI Continuing downwards sitting in the "oversold" zone which doesn't really apply to dominance but keep in mind for us to be in a confirmed uptrend we need to see the RSI Climb above that 50. point and stay there, so we do have quite some time before that happens. Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
Bitcoin Dominance and 2018 Peak Correlates to NOWI've posted a similar chart a few times, but wanted to check in on it as an update. I believe this bull run is coming to a close soon, but institutional investors are leaving a big question mark if the crypto cycle will play out the same. See chart for comparison of 2018 and now. Let me know any questions if the charts confuse you. Check further screenshots below. Tradingview didn't save a couple lines. 👇👇👇👇Join the discussion👇👇👇👇
BITFINEX:BTCUSD
by Eldal
2
BTC.D worth to keep eye onHello everyone, BTC.D H&S paterns target is almost reached We might see a dominance bounce and suction of some overbought alts into papa soon Rejection in the red zone in circle might cause a further dominance drop till end of the year in to the new lows. Cheers ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only. KEYWORDS R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
CRYPTOCAP:BTC.D
by Anoinvest
6
How to chart crypto market caps beyond TOTAL, TOTAL2, etc.! TradingView offers some awesome abilities to chart the entire market cap for cryptocurrencies using TOTAL, TOTAL2, and OTHERS under CRYPTOCAP. However, I often find myself having inquiries beyond just these symbols, so I would like to introduce how to show other market caps possible using some simple math. For those who are unaware what the symbols mean under CRYPTOCAP, here is a brief introduction to a few of them: * CRYPTOCAP:TOTAL - The entire market cap of all cryptocurrencies in the world such that if you were to own every cryptocurrency everywhere, this is how much money you would have * CRYPTOCAP:TOTAL2 - TOTAL minus the the market cap of Bitcoin * CRYPTOCAP:BTC.D - Also known as "bitcoin dominance", this represents the percentage of the total market cap which is made up of Bitcoin * CRYPTOCAP:ETH.D - Similar to BTC.D, this represents the percentage of the total market cap which is made up of Ethereum * CRYPTOCAP:OTHERS - TOTAL minus most of the cryptocurrencies provided by CRYPTOCAP that end in ".D" Additionally, for a full list of what OTHERS omits, this can be found at the following page by excluding all the prices described under the section "Total Market Capitalization Dominance, %" on that page. However, sometimes you might be looking for further market caps (e.g., just bitcoin, etc.). For these, here are some useful equations that might help you out: * "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" , aka "the TOTAL market cap for BTC" - The easiest way to calculate the market cap of BTC is "TOTAL-TOTAL2", since the difference between TOTAL and TOTAL2 is the whole of BTC by definition * "CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap for ETH" - Since ETH.D is the total percentage of ETH in the market, multiplying this (as a percentage) by the total market cap yields the total market cap of ETH * "CRYPTOCAP:TOTAL2-CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap of everything BUT BTC and ETH" - Since we just calculated the total market cap of ETH, and since TOTAL2 is the total market cap minus that of BTC, subtracting the latter from the former yields the total market cap minus the two largest behemoths I should note as well that the market cap of any currency can easily be calculated using the formula ".D*TOTAL/100" so long as "COIN" in this formula has a "dominance" indicator under "CRYPTOCAP", e.g., XRP, LTC, BNB, etc. To chart any of these symbols, simply enter in the above formulas (without the quotes) instead of the symbol when using the search box in the interactive chart in TradingView. For example, instead of searching for "BTCUSD", try searching for "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" instead. Hopefully folks find this useful for their future charting endeavors.
CRYPTOCAP:TOTALEducation
by crypto_trends
3
Bitcoin Dominance looks interesting :D BTC Dominance has easily destroyed its previous resistance levels. 📌 Next resistance are 44% then 41%. I am clueless what is going to happen afterwards but, if Bitcoin's dominance continues to decrease as fast as now the game may change (I do not believe in that) ⚠️ with such a down-trend in Bitcoin's dominance the ALTs are going to have a party... I will share which of them are interesting. Ask me if you have got any problem and/or question about the chart or the analysis
CRYPTOCAP:BTC.D
by C_EWAVE13
1
Bitcoin could continue to fall!BTC has been taking a bit of a hit dominance wise and price wise, dragging some of the market down but not all alts. What I am mainly looking at is the MACD we are seeing a big swing up and now seeing a very bearish looking MACD with our orange about to cross ontop of the EMA and the MACD Leader (Red) is beginning to slope pretty heavily to the downside. We could see a big drag down in most parts of the crypto market if bitcoin continues to fall, We have aprx -6.5% to the 0.3 FIB level so keep this in mind. Another very big indicator is the RSI, we have crossed a pretty good bit past the 50. point and if we don't see a recovery soon BTC will be in a clear downtrend. The EMA ribbons are beginning to squeeze together and something to watch closely is seeing if the green ribbons begin to twist below the red ribbons, this would also be a very bearish indicator. Remember that with BTC falling some coins will follow but as dominance goes lower and lower alt coins will begin to fly very very high. Not financial advice just my opinion!
BITSTAMP:BTCUSDShort
by JacobR905
BTC DOM (UPDATE) - Alt Season Is Officially Here The last major support is broken and BTC dominance is tanking at rates not seen since last bull run - highly unlikely we will go down all the way in a straight line so expect some sort of bounce, as to where that will be is hard to tell as there is basically 0 support until 35% so it will rely entirely on the natural market movements. Getting to the lower part of the channel its been respecting for a couple of months - if we see a break it will only drop at a faster rate. SEE PREVIOUS BTC DOM POSTS
CRYPTOCAP:BTC.DShort
by spookyblackfly
1
BTC DOMINANCE TAKING A HIT WHILE ETH SOARS!!we're seeing heavy downside right now in BTC dominance and Ethereum is loving it! I personally believe we are just getting started with this altcoin season, Bitcoin dominance still has a big fall ahead historically speaking, we have little to no resistance left until our heavy support at 40%! As dominance goes lower alts will go higher. We see very heavy downwards pressure from the EMA ribbons with them spreading out and heavily pointing to the downside. The Zero Lag MACD has recently flipped bearish and printed a "sell". If we see the blue and orange on top start to spread out we could see a very very large fall so always check the Macd, we are still around the mid point and could possibly do a full swing to the downside! Rsi Continues too hangout in the bottom "overbought" area pointing down with no signs of popping back up, we could see a little reverse soon but i think itll be very brief and we will continue bearish for a few months! NFA just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
Bitcoin Dominance might continue dropping to 39%Bitcoin Dominance might continue dropping to 39% yesterday i published an idea about the Total2 (Crypto market-cap excluding Bitcoin) it was featured by Tradingview as a Editors Pick. you should check it out! today i am looking at the Bitcoin Dominance chart to hopefully see how it correlates with my findings in the Total2 chart. we can see here a ascending triangle which usually breaking to the upside 70% of times but we can see it broke down. knowing that the break down target should be most likely nearby the low of the triangle i used Fibonacci tools to find confirmation for a target nearby. The Fib retracement helped me identify the obvious target of 39% which seems to be also confirmed by the Fib Circle. So now i have 3 tools pointing me to the same target. Giving me confidence this could be in play. Time will tell.. lets see..
CRYPTOCAP:BTC.DEducation
by Candle_Styx
10
🚀The Big ShiftBitcoin's recent weakness is proving the opportunity to other cryptocurrencies to shine, offering investors and traders interesting volatility to exploit. The red line on the chart shows how Bitcoin's dominance is rapidly falling, meaning that new capital flows into Altcoins. Every trader has to keep these dynamics clear in mind when assessing what the most appropriate investment strategy to run is. Despite Bitcoin pausing from its exponential uptrend, the fact that the rest of the market is still witnessing solid strength is a strong validation that the macro picture is positive and the Bull Market is still in place. In the past months, those following our market updates can now recognize the value of Bitcoin's dominance as a valuable metric to gauge the evolving stages of this Bull cycle. If you feel like you missed out on buying Bitcoin at lower prices, Altcoins can give you a second chance. Profiting from Alts and selling to Bitcoin in the following weeks will likely be a unique opportunity to accumulate more BTC before the next leg up. This week the rumor of Facebook adding Bitcoin to its treasure reserves unfolded as just pure speculation. But it may be just a matter of time when the next large corporation announces to have entered the crypto space. And with a Bitcoin supply that keeps shrinking on the exchanges, the price direction can only be on the upside.
by Coinrule
1
Oh no!!! Bitcoin dominance continue down!!!At the moment, Bitcoin could to be bearish in the next days in the month April and May. Meanwhile, the altcoins get strengthen in the altcoins/bitcoin ratio. We could to see a intersting movement in Cardano, XRP and some others cryptocurrencies. Right now, Etheruem take more strenghten and Ethereum price it's so near of $3,000 USD. s3.tradingview.com The weekly chart it's bearish for Bitcoin!!! For that, this it's my idea to trade BItcoin to short position.
CRYPTOCAP:BTC.DShort
by harisonhbn9718
10