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Bitcoindominance

BTC Dominance possible bounce scenario (just a possibility)Fractal taken directly from when we reached this support zone in the last bull run and saw multiple bounces over the course of many months. The RSI indicates that this is a possibility as right now BTC dominance is undervalued by a few % - every time we have seen this we have seen a bounce. This is not the scenario we want as it means we likely won't see a full-blown alt season for many months (October according to this analysis). Personally, I do not think we will see something like this happen, we may see a bounce or two however I am expecting a drop below that support line in May.
CRYPTOCAP:BTC.D
by spookyblackfly
Time to see who has been holding the Joker cardTraders we have hit our first pit stop of 55k on Bitcoin. What a difference a week makes. The new buyers from 47k up are holders of Bitcoin and they will not simply sell it at this level. With earnings being announced this week and next it's time to see who has been secretly buying Bitcoin on their balance sheets. Lots of rumors circulating of who will show Bitcoin but I would suspect we see something from either Facebook, Apple, Walmart or Google. Why does this matter and what will it do to price? It will only add to the validity of Bitcoin's use case and cement in supply that isn't purchased by weak hands to merely trade off when we cross 60k. MicroStrategy also reports tomorrow and pay close attention to how Bitcoin has changed their business by the numbers. Tesla's report yesterday showed a staggering 101 million dollar gain from their Bitcoin holding. I posted a couple days ago that most will be shocked how fast the move from 55-60k will go. I have laid out my next 3 targets on Bitcoin. Get ready for a very exciting next couple weeks. Things are about to go off. Remember fracture 58 resistance and show it can support that level and we are off to very good things. Hope you are all having a great day. Remember.... The most amazing people that I have known in my life are those who have known defeat, Huge losses, been told no often, were against all odds, known suffering, known deep struggle, know losing and have found their way out of the depths. These people have appreciation, a sensitivity, and an understanding of trading and life that fills them with compassion, knowledge, gentleness, and loving concern for others. Really good people do not just happen. Enjoy the process of becoming. Bronson-TheSHARK
COINBASE:BTCUSDLong
by Bronson-TheShark
8
Massive Altcoin Surge coming soon??!Bitcoins dominance has been getting crushed recently coming further down breaking through all FIB Levels and strong historical support levels. As of right now we are sitting right on the historic strong 50% Dominance level, i think it is slowly getting weaker and weaker as we have been testing it for the past 5-6 days. I think the break is coming soon and we could see btcs dominance continue on its bearish path, we have been hovering slightly above the bottom band of the bollinger bands and if we do slip and start to hug it again like we were previously we could see another rapid fall. Our EMA ribbons are spreading out even more bearish pushing down on us with bearish momentum and show 0 signs of recovering anytime soon! Our MACD has been pushing up but appears to be loosing steam looking like we could see a reversal in the coming days. I could see us breaking this 50% level any day now and then start the fall down to eventually 40% and even possibly 35% which was our previous altseason peak in 2018! NFA Just my opinion! rarible.com Feel free to check out my very first NFT! More to come!!
CRYPTOCAP:BTC.DShort
by JacobR905
1
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