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Bitcoindominance

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
ETH / BTC Long: BTC Dominance Weekly Flipped = ETH / BTC WeeklyWhatever Bitcoin Dominance does, Ethereum will do the exact opposite, proven over time. At the top is Bitcoin Dominance weekly chart, flipped upside down. Below is ETH / BTC weekly chart, normal. Should BTC Dominance break down here and complete its head and shoulders pattern, Ethereum / Bitcoin pair will complete its HSi and move up dramatically in the same way BTC.D moves down. I'm bullish on ETH vs BTC, I think we'll reach at least a ratio of 0.05-0.06 BTC per ETH, with a possibility to re-visit our previous all-time high and potentially break through to 0.2.
CRYPTOCAP:BTC.D
by dudebruhwhoa
3
Almost time to DUMP YOUR BTC Bit of a clickbait title... (I still believe Bitcoin price will rise - just to clarify) Based on the BTC Dominance chart it is my opinion that the Altcoin market is about to greatly surpass the growth in bitcoin, this means that finding undervalued Altcoins will likely be much more profitable than holding BTC. If you saw my last post about XRP, I believe it is incredibly undervalued and will outperform most of the market from this point onwards, just like it has in the past Alt Seasons. Other coins that I personally believe to be strong projects and are also incredibly undervalued are Algo, HBAR, ZAP. Do your own research, check out the projects for yourself, don't invest more than you can afford to loose and don't take life too seriously... Have fun out there :)
CRYPTOCAP:BTC.DShort
by Cteare1
BITCOIN Price Breaks $52000, What`s next? On BTC Dominance we are located on strong support area between 59.7 and 61 approx. on 4H TF we can see that this support is quite strong, but LL and LH show us that we have down trend and its a matter of time when we will break this support through and go below on the way to altseason! From the last BTC update the price perfectly worked our and we could see break out of 52K resisatance area. Now when the price in around 54K I`d like to see that 52K area will be our support are, so we can go to the next resistance, which is 55K area. I doubt that 52K won`t be able to be our support, but in case if NO, then we are going to 49.5K support. So my next target is to see 52K as a support and wait till we test 56K resistance area, if break out will be succesful, highly likely we will see new ATH soon. 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.
Long
by sorokanstanislav
Bitcoin Dominance Reversing?Some would say the past weeks were crazy but honestly this was a well waited correction we have long waited for. On this not, I have closely examined BTC Dominance as it kept bouncing up and reverse creating a condense pattern towards the (green line) resistance. Lots of tests and failures have occurred proving that Bitcoin might be at its peak in term of market cap dominance. 57% for BTC Dominance could be another strong support for us to break as this support goes back out of shot to last year and previous years. This certainly proves that there are interesting times ahead to maximize profitability on Alts. PS: Sorry for the indicators they don't mean much to what I am trying to explain.
CRYPTOCAP:BTC.D
by ssavi
2