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Bitcoindominance

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
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