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Bitcoindominance

Bitcoin Dominance Elliott wave, ABC correction going onBitcoin dominance touched 70.5% and rejected from there. On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on. The B wave is completed with a 70.5% high and now we started the C wave. 67.5% level is the next support zone for Bitcoin Dominance and after that, we see a quick fall in dominance. The upward momentum is broken on the daily chart. The next 2 weeks are very crucial and decide the move of alts. Bitcoin is also stable which gives little room to alts. Hold your bags tightly and place sell orders. Don't Hodl alts too long. Make an exit plan and place orders within range, don't except 10-20x directly. Book some profit or take back your investment at 2x and enjoy the ride. Let's hope 2021 will bring the best for us.
CRYPTOCAP:BTC.DShort
by Bitcoinik
4
All I want for Christmas is Bitcoin! 🌲🎅🏻“All I want for Christmas is Bitcoin.” That seems to be the mantra we’re hearing from the institutional investors, who’ve been knocking the doors off the crypto markets in the past weeks. As we pointed out in late September, the ‘Bitcoin Dominance’ - the index that represents the weight of Bitcoin as a percentage of the total market capitalization of all cryptocurrencies - has reversed its downtrend. The index trending up means that investors are more confident holding Bitcoin over Altcoins. The chart shows that Bitcoin Dominance broke a downtrend that has lasted longer than one year. The scenario of a Bull market for Bitcoin in parallel with a Bear market for Altcoins seems unlikely, at least in USD terms. On the other side, allocating resources to Bitcoin could leave you with better risk-adjusted returns. The global macro trends seem to point in this direction in the short-term. The paradox we see right now is that the regulatory environment appears to be getting clearer for Bitcoin, and at the same time becoming more doubtful for Altcoins. The SEC going after Ripple is a case in point. What if Ripple was just the first of many? If you hold heavy Altcoin bags, you better ask Santa to bring the Bitcoin Dominance back into the green area soon. Merry Christmas!
CRYPTOCAP:BTC.D
by Coinrule
#Bitcoin Dominance Mid-Term Analysis ( @bitcoin )Hello there ladies and gentlemen, BulloTaurus here with an important update for today . For the past months we had an amazing bull run so far! Bitcoin broke all previous resistances like there were none of them! We still didn't saw a massive volume spike on exchanges, mostly because this time we have Institutional Investors join the game that have their own private offers to buy bitcoin what doesn't always show on graphs. The dominance of #Bitcoin is also in a uptrend currently trying to break the 78.60% Fibonacci Retracement level. It followed the support line and currently its looking that we can see the right shoulder to form the Head and Shoulders pattern. I personally think we will see soon a retracement to the 50% level near 64.33 as we wee based on VPVR indicator pink line on the chart. The next move will kill most of alts and leave them red for long time. We can have a small hope to have a mini alt-season while forming the right shoulder but not for long time unfortunately. This means that Bitcoin is building a massive move to 27k or even higher. I would avoid holding alts for now, it is still too early to look into any profitable trades, although there are so many good buys at the moment. Peace. 🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌 P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
CRYPTOCAP:BTC.DLong
by BulloTaurus
IMPORTANT UPDATE on BTC.DThere are times you need to update your hypothesis and think about different scenarios , this is one of them. As previously mentioned, I was expecting BTC dominance to move in a downward megaphone, but it seems and feels like another potential scenario could be that BTC Dominance is targeting 76-77 rang at the top of an ascending wedge. This will also allow BTC dominance to close the gap at 74 Level. This might also point to a higher BTC price before alt season starts.
CRYPTOCAP:BTC.D
by Baris_Sozen
Bitcoin Dominance - 2nd Re-test @ Bottom of Parallel ChannelAgain, we're re-testing the bottom of the parallel channel we broke out of back in July. For alts to make good gains, we need to stay below the two trendlines drawn (bottom line is drawn from line chart, top trendline is from candlesticks). To reiterate what was said on the chart from Nov 12, the same scenario is re-occuring and may or may not lead to another mini-alt run (or even the big one, but I'm not sure BTC is done yet). I'm expecting a drop in dominance from here, providing some short term pumps to alts, but the opposite could still occur. For this to play out, make sure we stay below the two trendlines. If we break above and stay there, returning to our channel, this could be bad for alts vs. their BTC value. Nov 12 (see link to related idea below): -Back in July, we broke down out of the channel shown here. After a mini-alt-season, we've returned to re-test the bottom of the channel. -There is a chance here that our re-test fails, and if so, we can expect alts to start moving again soon. -If we re-enter and stay in the channel, this is bad for alts.
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
Bitcoin DominanceHello! I did make an update from this same resistance line and EMA 200 before and it did work as an resistance. I believe I did say in that that usually the 5th or sixth time breaks the resistance. This is not of course an certainty but what I have seen it often works like this. Anyways the rule goes that the more times support or resistance is hit the weaker it usually gets. Chart is on weekly timeframe so it should be quite strong resistance and there is also 200 Ema which both has been tested 4 times. I do think we might actually break these Dominance levels but we shall see if we stay on top of it before Christmas or New Year. It does look like there is alot of buying power and BTC is still in strong bull and has done some crazy moves before. This is not financial advice. If you do take trades use stop loss or you will get your ass burned. First mistake beginner traders do is take too big risk. Peaceful Christmas for everyone! - Jebu If you find this helpful you can support me with ETH 0xe952157B141E809b6377E61DBE8Dd85EDF7fc0e2
CRYPTOCAP:BTC.D
by PalenTrade
4
bitcoin dominance is over Monday the altseason will startThe market dominance of bitcoin TOUCHED THE MAXIMUM and will shrink this weekend. Means bitcoin buyers are finished accumulation and now the price will stay at 24000 pet Bitcoin or at most jumping very volatily between 30000 and 22000 when investments in form of bitcoins will flow into alternative crypto coins with similar if not more expressive FOMO Rally like in December 2017. Alternative coin Rally will start this weekend and hold most possibly a month. Most cheapest altcoins with at least 1million Market capitalisation and 100k Daily Trading volume will rocket up to 10x and may be 100x. Short Bitcoin buy Altcoins - this is your chance, that happens only once in two years 2016 2018 and now 2020
CRYPTOCAP:BTC.DLong
by viparmenia
4
2020 Dominance Channel BTC.D #btcdominance #bitcoin $BTC #cryptoHere we see our Btc Dominance chart . As you can see we have been in the same regression channel for all of 2020 . That pink and blue box on the chart is a regression channel indicator. We are also about to hit a TD Sequential 9 in green ( that's those numbers you see on top of the candles . ) When we hit a number 9 in green on November 20th we then saw steep downward dumping happen and I expect the same will happen again . If this channel seems like it will be continuing into 2021 then we could see an altseason on the way when Bitcoin Dominance starts to go down .Also notice that rsi is about to wick up to that red line - again there should be a turnaround there soon too.
CRYPTOCAP:BTC.D
by shimmeringpath
7
ALTCOINS: Why should you invest in Altcoins now?Hello my friends! Why should I invest in Altcoins at all? That only makes sense if Altcoins performs better than BTC. The chart shows the inverted BTC dominance. At 50%, the market capitalization of BTC is balanced against all Altcoins. Currently, BTC is at a level of 64%. This means that 64% of the total market falls to BTC, the remaining 36% is divided between all other coins. Of course, you can land a special hit with one or the other Altcoin, but that's more like gambling. Therefore we should take a look at the market for Altcoins in general: Can Altcoins become more important? YES! The current target is around 52-54% BTC dominance. The lowest point was at 73% (highest BTC dominance). We cannot judge the time before Mid of 2017. At this point the most Altcoins have been created. Currently, it looks that the trend line will hold. This means that the time for Altcoins has generally come again. This also means that the whole market is still bullish. Therefore, an investment split between BTC and Altcoins would make sense. Which Altcoins are interesting for an investment? Here I have a clear opinion: the top coins are good. I would not recommend exotic ones. Okay, with exotics you can make 100% and more in a week or a day, but that's gambling imo. Of course you can invest in a coin, if it is a real specialty and you understand the technology behind it. But I would be careful. And another thing: I always recommend to analyze Altocoins against BTC, because BTC is the leading currency in the crypto market. -- Let's see what happens. Happy trading. :-) --
CRYPTOCAP:BTC.D
by BTCINVESTING
26
#Bitcoin Dominance Mid-Term Analysis using VPVR IndicatorHello there ladies and gentlemen , BulloTaurus here with some Educational Bitcoin Dominance Chart Analysis. For the past months we had an amazing bull run so far! Bitcoin broke all previous resistances like there were none of them! We still didn't saw a massive volume spike on exchanges, mostly because this time we have Institutional Investors join the game that have their own private offers to buy bitcoin what doesn't always show on graphs. Thanks to VPVR ( Volume Profile Visible Range) indicator that is available only in Premium Plan from TradingView, i can show you something very important again. We can see that at 67% we have a huge demand zone, this is illustrated perfectly thanks to VPVR. VPVR displays trading activity over a specified period and plots a histogram on the chart which reveals dominant and significant price levels based on volume and in essence gives a clear indication of Supply or demand at a certain price rather than volume in a certain period. Traders that use this indicator try to use it as a support or resistance confirmation. Based on previous HVN (±64%) we might have a dip up to 60% in the next following weeks. HVN = High Volume Nodes or HVN are represented as peaks of volume on VPVR indicator, they usually mean that there was a lot of demand in the market at a specific price. These Nodes form when price spends a great amount of time at a certain price level, usually as a consolidation. If the price leaves the HVN, like we have right now on CRYPTOCAP:BTC.D chart, we might see the drop that i explained earlier, basically like losing the resistance. Conclusion Volume Profile Visible Range is used frequently by professional traders, CRYPTOCAP:BTC.D might not be the best example of how this indicator might work to show all its potential. Personally i expect a dip in Bitcoin Dominance Chart, holiday season might also contribute to this short-mid term down movement. Trade wisely and don't forget risk management and setting your stop-loss. I will keep updating this Educational Material with fresh examples and show its full potential. Peace.
CRYPTOCAP:BTC.DEducation
by BulloTaurus
2
Crypto Market is on the edge of a big moveIf it were that easy, there would be less fun! Buyers have been attempting to push the price above $20,000 for about ten days now. Despite the clear wealth of supply of coins at these levels, this will be a very interesting test of the bull's resilience. Since March, the buy-side has proven to be more patient and stubborn, almost always in control of the price action. Three lines can determine how the short-term course of the prices of the entire market will evolve. First, Bitcoin is finding hard to breach once and for all the all-time high level. Once it's cleared, the real FOMO will start. Until then uncertainty and strong shake-out are always behind the corner. Ethereum is facing a strong resistance. A break-out above could ignite momentum for all Altcoins. Since late November the price is building a clear cup&handle structure but the market likes to fool traders with strong moves in the opposite direction. The crucial third line to keep an eye on is the forming resistance that prevents an increase in Bitcoin's dominance. The ratio seems to be positively correlated to the Bitcoin's price, meaning that a mild drop of BTC would translate into Altcoins' overperformance. In case of stronger price moves, instead, the domince could increase quickly with not many near resistances. The less dramatic scenario would be to see Bitcoin ranging for a while to allow Altcoins to have their glory day, waiting for King BTC to be back on stage.
BITSTAMP:BTCUSD
by Coinrule
2
Weekly BTC dominance continuing bear flag formationHello all, First I want to say thank you for all your ideas and cannot express how much help they have been this year in learning the crypto space. This is my first post so feel free to share any different ideas or tips. I wanted to share some thoughts on what I see forming. 1. Dominance on the weekly is starting the formation of a textbook bear flag. When comparing historical bear flags to 2017, you can see this is just starting. I expect a couple more weeks of chop then a violent weekly red candle to kick start a very nice alt season. 2. MACD is dropping and in a couple more weeks should be red and KDJ is red and looks to continue. 3. Ichimoku cloud confirms this trend, i.e. Red and we've been under the cloud since the summer and the latest dominance rejection was at the bottom of the cloud. 4. Descending broadening wedge is forming which should lengthen the cycles. 5. BTC pair Alts have bottomed. I don't have specific targets or times to give you. Nobody knows that. What I do know is the trend is forming for a very nice and prolonged alt season and the next couple of weeks should confirm. Buckle up, 2021 looks to be fun!
CRYPTOCAP:BTC.D
by devinlightart
1