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Bitcoindominance

Alts to outperform BitcoinYesterday, the total crypto market cap hit $1.938 trillion. And went into a correction. Every week we ask Hybrid Intelligence about what’s next for the crypto market. Here is the question: “The cryptocurrency Market Capitalization settled at 1830B USD at 12:00 PM UTC on Wednesday, April 7. Will the Market cap climb above 1967.3B USD (+7.5%) earlier than drop below 1692.8B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 91% That’s a very bullish indicator. And actually the market cap is already halfway there. As usual, we’ve also asked about Bitcoin dominance: “Bitcoin crypto market share settled at 57.46% at 12:00 PM UTC on Wednesday, April 7. Will Bitcoin's market share climb above 58.61% (+2%) earlier than drop below 56.31% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 14% Usually, a period of lower BTC price volatility is a prerequisite for a boom in altcoins. If Bitcoin won’t dip lower, alts will likely recover even more.
CRYPTOCAP:BTC.D
by Cindicator
2
Will BTC domiance hold this crucial support!?!?BTC dominance is continuing to fall we actually are past this crucial long term support and i will 100% be watching for the daily candle close! If we do see a close below the 57% support dominance could take another sharp fall. Mainly i think because we are riding the bottom of our Bollinger bands which is very bearish and if we dont see a little recover and hold today and tomorrow i believe there will be more downside. Our MACD isn't looking very great as of now we are seeing further separation and no sign of recovering, so this is something to watch aswell! The EMA ribbons are also turning and pressing down. Like I said this is a very important daily close for BTC dominance so keep an eye out, we could start to see some crazy crazy altcoin gains if we continue! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
KEY LEVEL FOR BTC DOMINANCE!!Keep a close eye on bitcoins dominance it has been slowly falling recently under the radar of most people, Im looking for the daily candle close tonight we could see some big volume potentially shooting us under the bottom FIB level for our close. If thats the case we could see a freefall to the 57% support due to the Bottom FIB being our last support until then. I also am looking at the Bollinger bands, the current candle is really hugging the bottom band and if we continue to due so we will see a big drop, last time we hugged the bottom band is shown to the left on the chart and we experienced a aprx. 6% drop in dominance. The MACD doesn't look very good we are seeing it starting to really point down and separating. The RSI is reaching the bottom of the neutral zone soon to be "oversold". Not financial advice just my opinion and something to watch for tonight and tomorrow!
CRYPTOCAP:BTC.D
by JacobR905
1
Bitcoin dominance is officialy dead - long altcoins (altszn2021)Hello everyone, nothing serious here just a update on a BTC.D (Bitcoin dominance chart) As you can seen in the chart below I was expecting a huge inverted H&S formation for altcoins dominance months back allready and it played out nicely. Today a monthly candle closed with a expected 3 white soldiers candlestick pattern and also with higher high Further altcoins increase and Bitcoin dominance drop is expected 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 others.d, others dominance, market cap others dominance, altcoins, altcoinseason, alt, alts, alt szn, 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:OTHERS.DLong
by Anoinvest
10
Watch BTC dominance close tomorrow!!!!BTC dominance continuing to fall now we are a decent bit under our long term support and if we see a close this low or below this support we could see a bigger drop resulting in an explosive altcoin run. If BTC dumps which it doesn’t seem like it will, but if it does we will see the market get dragged down with it momentarily then alts will fly and really start to shine! Our ichimoku cloud still pushing down with bearish clouds. The RSI is pointing down and our stoch looks a little bullish but could still reverse back. Just something to keep in mind for tomorrow, not financial advice just my opinion!
CRYPTOCAP:BTC.D
by JacobR905
WATCH BTC DOMINANCE!Bitcoins dominance is getting very close to our long term support once again weakening every time we bounce off of it. Last time we broke through this long term support we dove straight down to the 57% support but did rebound, keep in mind the distance between the long term uptrend support and 57% support was much much shorter. Now we are looking at a bigger drop and recovery, also if we did fall below to those levels we possibly could get rejected on the way back up. we do have the bottom FIB level as support too so i think we wouldnt fall too hard. The MACD is still bearish and the coppock curve is pointing down still. If BTCs dominance does start falling thats when altcoins will really start to shine outperforming btc in most cases. if we recover and start going up atcoins will still perform well and follow BTC. NFA just my opinion, definitely watch the daily close to get a better idea of whats next.
CRYPTOCAP:BTC.D
by JacobR905
BTC.D Bitcoin Dominance - The Biggest ALT-SEASON in the History!- I hope you are ready for the upcoming historical move for altcoins in the crypto space! - We have a double top reversal pattern between weekly swing highs (September 2019 and December 2020). - On the weekly timeframe, we can spot an Head and Shoulders pattern that is currently preparing for the greatest move in the history. - See my related ideas about the most promising coins in the related section (BTT, LSK, ICX, BTS, BRD)! - You can trade this upcoming breakout simply by buying right altcoins. Or by exchanging bitcoin (sell) for altcoins (buy). - A question is where is the target. We can target 0.618 FIB retracement as our first target, then we can short again after a retracement - down to the 1:1 FIB double bottom level! - The most impotant things is to pick the right altcoins in the upcoming alt season and if you are not sure, which one to choose, please check my signature below ↓ - As per a general Elliott wave rule, wave 3 is offten the strongest, but never the shortest. (99% of the time). - In this case a major 3rd Impulse wave just started on the weekly / moonthly scale! - Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓ - 200 weekly moving average can serve as a resistance in the near future, but the price is currently above the moving average. - Unfortunately or rather lucklily, the 200 index is curving down, which can provides us a lot of fake signals as a support! I would rather use the 200 MA as a resistance rather than a support! - If you want to see more of these ideas, hit "Like" & "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
45
Alt season coming in upcoming days 🧨I can smell Alt season is coming.. So pack your bags, I hope we're going to have interesting months coming in.. Let's look at these two charts together.. First BTC/USDT 2 Hour chart and second Bitcoin Dominance on 4 Hour chart. In BTC/USDT chart we can see a double bottom classic pattern that is activated that made the price go top. After this bullish movement the price will need some retracement move downwards to the lower support area as I marked in the chart as as "Box Number 1". If the use Fibonacci extension in both higher and lower level of this area, the first Fibonacci level will be around in "Box Number 2", as you can see in the chart.. This is some kind of resistance area, that can make the BTC price move downwards. I'm sure we all can agree on this that it's a green light for Alt Coins.. There will trouble for Alts if BTC price breaks this resistance level and set a new all time high it can move to higher levels around 71,000$. But Let's forget about this scenario and focus on which the resistance area that may reject the price and check out the BTC Dominance chart.. If you can see my previous ideas, I marked a support area at 60.8% for BTC Dominance. I put a green and yellow area as a strong resistance for dominance in it's retracement movement. The Dominance is bouncing well between these two lines. But let's checkout the trend line that can make a triangle pattern with the resistance line that I explained above. Triangle will need minimum 60% percent of it's time length to let the price break it's higher or lower levels most of the times (This is not an exact fact, it's some sort of practical experience). So if we calculate the 60% of the triangle time-line, It will be around 274 candles in 4 Hour chart as you can see above. So in the time of BTC retracement to the top BTC.D will feel this gap to the 274 candles and we will reach to the last week of March.. It is more likely for BTC price and BTC.D to reject their both resistance areas at the same time, They will go down so quickly as I drew the green arrows for you.. These correlations shouldn't be by chance, Let's see how it will work.. This is just my idea, It shouldn't be picked as an financial suggestion my friends.. I like to see your charts and ideas in comment section, so we can talk more about this interesting part of our investments. I'm sure sharing our ideas together will make all of us to take more profit from this market.. And as always feel free to ask any question about my idea, I'm willing to give help as much as I can to the TradingView community..
CRYPTOCAP:BTC.D
by ArshiaZojaji
9
BTC VS DOLLAR - The correction is not over (yet)BTC & EUR CORRECTION: The Dollar and Bitcoin are pegged in a negative way; when USD goes up, BTC goes down and vice versa. Currently the dollar is having a small breakout to the upside; and thus the EUR and BTC are correcting. At this very moment many people believe the BTC correction is over, I do not think so. Another bad factor for crypto is a new pump for Yields (check my US10Y chart in the link below). TA: Check chart, corrections getting smaller and smaller and we almost finished our 5 major Elliot wave. We could expect a bounce for BTC and crypto by the end of the week, check my chart for levels and validation of a possible breakout to the upside. Target for breakout is between 64-67K, it might get very bloody after that, however if so; the bull market will not be over. MORE INFO ON MY PROFILE: Check my charts linked below for BTC, BTCD, US10Y and BTCD, EUR/USD. COMMENT: I have yet to look at SP500 and NASDAQ so if anyone knows more about the stock market, please let me know. Also I'd be happy to hear your opinion on BTC, USD and the stock market! IMPORTANT: this is not investment advice, trade or invest at your own risk and research.
BINANCE:BTCUSD
by cryptobullethbtcxlm
3
BTC dominance falling Were seeing the bitcoin dominance getting pushed down by both ema ribbons and Ichimoku cloud printing big bearish clouds, we are coming close to our first long term support line, in the coming weeks - month/s bitcoin if it keeps falling resistance wise will need to hold this first support and if it comes down to it the 57% support, if we breakthrough these levels and they become resistance they are very strong levels and we could see alt coins really start to boom, of course if bitcoin price falls with resistance we will see a market wide dip with great buying opportunities and then ultimately alt coins start to really shine, we may not even see these support lines tested for awhile if btc dominance climbs back up but it is a key area to keep an eye on as it breaking will trigger a big alt season. NFA just my opinion
CRYPTOCAP:BTC.D
by JacobR905
2