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Bitcoindominance

BTC.D Bitcoin Dominance Falling - 2021 Altcoin SeasonLooking at the 3-Day chart of the Bitcoin Dominance ratio spanning from the altcoin season of 2017 to now, it looks like history could repeat itself for a 2021 altcoin season. The ratio topped out at 72.04% back in Sept. 6th, 2019 and then retested that same level and couldn't break through it at the end of 2020 going into 2021. From here, the dominance has done nothing but drop like a falling knife. For the past 2 months, Bitcoin Dominance has been steadily falling without anyone paying much notice. The momentum is falling and I think the dominance is on the path to hit the 53 - 58% zone. If the Dominance doesn't hold at 53% we could see another altcoin season 2021 all the way down to the 35 - 40% zone. With all the NFT hype its possible this could be a first catalyst or a catalyst that pushes the real start of altcoin season.
CRYPTOCAP:BTC.D
by kyer
29
BTC Rebound But More Chance for ALTSBTC is touching the SMA 50. RSI is oversold, MACD is still crossing down, and Money Flow struggling around the zero mark. Lots of USD stablecoin mints and transfers to exchanges today. My instinct is that we'll see a slight rise to BTC while Bitcoin dominance drops below 50 and most of the money will flow into ETH and other high cap ALTS creating the real altseason many are waiting for. I realize I'm posting a BTC chart and will get hate for this, but that's how I see it. Make sure to check the related idea below of btc/eth comparison to see further where I'm coming from.
COINBASE:BTCUSD
by Eldal
BTC DOMINANCE Index: Is it Altseason right now?Greeting from IRAN to whole trading community 💙✔ BTC D. made a new ATL in 2018 which was about 38% After that index started an uptrend which brought back the index above 50% In 2019 and 2020 we haven't seen BTC D. dropped under 50% In early 2021 BTC D. was above 70% and after that it started a downtrend which last until now BTC D. is in the lowest level since 2018!!!!! Is it ALTSEASON right now? Whats your opinion? Do you prefer to hodl bitcoin or switch to the altcoins? KEEP IT SIMPLE :)
CRYPTOCAP:BTC.D
by nima-mohammadkhani
15
Massive BTC dominance drop in the coming days?1Bitcoins dominance has been falling for weeks now and is approaching a critical support level at 50%, we have tested and bounced off once already and i believe in the coming days or week we could see a breakthrough and ultimately continue falling! When we do breakthrough this level itll be turned into heavy resistance and i think we will see another gradual fall all the way to 40%, depending if BTC dumps with its dominance we could see a big market pulldown and then Altcoins will start to boom like crazy. Remember the peak of the 2018 altseason BTCs dominance touched aprx. 35% before heading back up for a recovery. Definitely keep an eye on the bollinger bands, as you can see we have been riding the bottom band which is super bearish and ill be looking to see if that continues. Aswell as watching the bollinger bands on BTCUSD we are getting very close to the bottom band and if we start riding it a fall will be imminent, NFA just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
Altcoin vs Bitcoin -Bitcoin Dominance Index AnalysisBitcoin Dominance Index Analysis The most important point for the bitcoin dominance chart is 50, let's see it: As you can see, before 2017, when Bitcoin accounted for almost 90% of the market, then July 17, August 10, August 22, and September 27 reacted to the 50% index, which was supported 4 times. Excellent short-term growth and then a re-fall on November 12, which again was supported at 50% and went up. The support line was finally broken on December 27, 2017, it was broken and got a pullback, so it reacted 6 times and it seems to be a very strong level. on March 30, 2018, returned to 50% but it could not pass it. It declines again until July 20, 2018, when he attacked him and reacted to him and with a pullback went up. Soar and never came back to its level until today when it reacted. So we will have some key days are ahead.
CRYPTOCAP:BTC.D
by Seyedalifazel
Bitcoin Dominance Ready To Take The Plunge?This is an update to my previous chart... Observing the Altcoin market over the last few months, we see the alts have made some incredible moves. We've seen Bitcoin Dominance teetering on the edge over the last 6 weeks. The question is, are we about to see a Dominance crash? Last year we saw the Dominance chart broke out of the descending resistance line and got rejected from the historical resistance level of 72% - 74%. It's been flirting with the 60% support level and now, we've finally poked through below. We do not know if this will cause a crash or reversal at this point. "IF" we do see a weekly close below 60% in the near future, which will signal potentially the biggest Altcoin cycle we've seen in many years. We'll wait for the market to show its hand over the coming weeks/months, and will react accordingly. There are 2 ways of looking at this chart, I'll post another chart below that shows a cleaner look at things.
CRYPTOCAP:BTC.DShort
by CryptoSyphn
Bitcoin Dominance.When wll we move to the 3d phase of altseason?BTC. Dominance update🧨 If consider that now we are in 2-nd phase of altseason, chart says that we meet the major support 51-52%. From here we probably will bounce up a bit, then consolidate some time and then if we go below the major support, we may say that we are moving to the 3-d phase of altseason. Also for information, altseason is over when we will come back to 60% Bitcoin Dominance. As we see on a lot of altcoins against BTC pair, they have not finished they cycle yet, the same is for ETH/BTC which looks very good💪 P.S. It is my personal opinion. I am not financial adviser. DYOR. Have a nice day!!! If you like my reviews and it help you to understand the current market situation, subscribe to the channel, like and follow the updates of ideas that are not trade recommendations. Thanks to your likes, I understand how many people rated my review positively. Thank you very much and thank the sympathetic commentators for understanding. I spend my personal time monitoring the market situation and share my opinion with you openly. I ask you to take this point into account and treats with understanding.
CRYPTOCAP:BTC.DShort
by sorokanstanislav
BTC.D Weekly. Decreasing to correct on support?Bitcoin dominance. Approaching support ( green horizontal line ) and may, if support reached start to correct from the downwards impulse. Dominance had hitherto been in a neat, well defined bullish ascending channel. The orange circle on a similar move is an example of the type of correction we may see soon. Retrace target is the dashed line. If Bitcoin dominance increases to the target the green arrows direct to then we my get some useful Alt buying opportunities.
CRYPTOCAP:BTC.D
by iDoji
1
BTC DOMINANCE GOING EVEN LOWER!?Bitcoins dominance has been on a continuous fall and we are now approaching the 50% dominance level! I think we could see a bit of a hold or bounce here in the short term but i think the continued fall is inevitable, we could see a fall to the 40% and then finally the 35% level. The 35% level was the absolute peak of the 2018 altseason and IMO i think this years going to be a even bigger and better altseason that we are just getting started. It is very impressive to see for the most part bitcoins price has been going opposite to the dominance! We are getting very heavy pushdown from both the EMA ribbons and the ichimoku cloud, the ribbons look like they are starting to open up even more creating more bearish pressure. We are seeing a very bearish cross on the Zero Lag MACD, Our orange has just crossed the blue and the Red MA is starting to come down fast. The histogram has printed a bearish bar and IMO i think we could see this continue for the next several days! My personal opinion for timeline for altseason and aprx from today is 2-3 months. NFA!
CRYPTOCAP:BTC.DShort
by JacobR905
4
Bitcoin Dominance Explained in shortBitcoin is the world’s largest cryptocurrency by market capitalization (market cap) and commands a large portion of the trading volume (and the attention) in the cryptocurrency markets. If we look at the summative market capitalizations of all the existing cryptocurrencies, then we can arrive at a total market cap valuation for the entire cryptocurrency space. Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets. As you can see in the chart above, the possible outcome from each possible scenario. For many years, while Bitcoin was far and away the largest cryptocurrency - and one of the few in existence - its dominance was much closer to 100% than it is today. However, the Bitcoin dominance dropped significantly as new cryptocurrencies were created. This is probably related to the increased popularity of ICOs after the introduction of Ethereum and the ERC-20 token standard. Interestingly, Bitcoin dominance is often affected by the so-called “alt seasons” , in which altcoins gain market share relative to Bitcoin, thus reducing Bitcoin’s dominance. Note, however, that Bitcoin dominance is not always directly affected by bull or bear markets because it is a ratio, not an absolute term. This means that if Bitcoin falls in price, but the rest of the cryptocurrency market falls at a similar rate, then Bitcoin dominance is likely to remain the same. Although Bitcoin dominance is an interesting statistic to look at, one should keep in mind that it does not reflect its real value (especially because of forked and premined coins, which impact the total market cap in a very unnatural way). Also worth noting, that market cap does not mean an influx of money. It is just a measurement based on the circulating supply and current market price. During the times when Bitcoin was the only cryptocurrency tradeable on exchanges, its dominance was roughly 100%. Today, with more cryptocurrencies in the space, its dominance is certainly less than 100%, but that is not necessarily a good or bad thing. It is only a tool that may give us a better perspective of how the crypto space is evolving.
CRYPTOCAP:BTC.DEducation
by TheArabianWhale
8
BTC dominance heading for 50%Sorry everyone for the lack of TA recently, have been working on some big projects to do with NFTS but still going to try get content out as much as possible! We are seeing bitcoins dominance continuing to fall at a pretty rapid pace (Hence the serious gains in altcoins at the moment) I think we are bound to see a 50% dominance in the near future, The ichimoku cloud has really been pressing down hard on us continuing to print resistance clouds, Aswell the EMA ribbons are really starting to turn down pushing us further down with lots of bearish momentum, also showing no signs of slowing up. Our MACD looks like it is currently peaking and appears to be turning slightly to the downside, I will be looking for that reversal in the next day or so. I believe 50% is inevitable but if we do see some reversal and a move up at most i could see us rejecting off the 57% level and then heading back down. Remember that 57% support that we turned into resistance is historically one of bitcoins strongest levels and will be very tough to break, just my opinion not financial advice!
CRYPTOCAP:BTC.DShort
by JacobR905
ALT SZN// UpdateFrom my research (twitter) and from my own due diligence in analysis, I've found BTC.D to be a good indicator of possible opportunities in terms of when to add or be weary of allocating to Alt coins. Looking back form 2017, we can see that there are a few zones which have been respected over the years, most notably 38-61%. Currently price (and the alts) have had a strong momentum push breaking through the first line of resistance and is now approaching another historically strong zone. Looking at more recent price action, price has also respected the recent downtrend line. In a downtrend price doesnt just drop, like in the first drop, we have to expect a retracement to test a previous level in order to continue going down. With BTC making a new ATH, money is flowing out of ALT coins with a select few still appreciating in price. Is this the end up ALT season? I dont think so, but the possibility of a pull back is definitely close. This is just my view from a technical standpoint, of course fundamentals will play a big roll also in what happens next. If we take a closer look on the smaller TF, we can also see suggestions also of a short pullback for a retest of the broken 61%. My advice that isnt financial advice is to rotate out of ALTs that you cant see a plausible use or those that havent been stable over this past 1-month period. Though everything has been flying, now may be the time to take profits and protect downside. I.E trailing stop. However this depends on your entry, risk averseness and how much DD you are willing to take. Let me hear your thoughts, in the comments, other views are welcomed. I'm here to get rich, not be right.
CRYPTOCAP:BTC.D
by N0ST0PL0SS