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Bitcoindominance

Bitcoin Dominance with Bitcoin Price Area ChartBitcoin dominance uncovers three 'holds states' for our altcoin portfolios as I see it. In 'state number one', we should be holding Bitcoin in 'state number two', we should be holding altcoins and in 'state number three', we should be holding fiat or stable coin yes the unthinkable in state number three we should be out of altcoins and crypto currencies altogether. 1) state number one Bitcoin prices are going up and Bitcoin dominance is rising we should be holding Bitcoin 2) state number two Bitcoin prices are going up or they are ranging sideways and Bitcoin dominance is dropping we should be holding altcoins 3) state number three Bitcoin prices are dropping and dominance is rising we should be holding fiat or stablecoin. Crypto EMA 60/20 used on the Bitcoin Dominance Data is intended for verifying 1-2-3 top and bottom patterns on the 12 hour bars.
CRYPTOCAP:BTC.D
by DigitalCurrencyTraders
Bitcoin Dominance heading towards 60Hey guys welcome for a fresh crypto update, please like and follow to support us -------------------------------------------------------- now that's a really great news for altcoin MCap as Bitcoin dominance has fallen rapidly in past few days and we've seen enormous growth in top alts a very positive sign for 2020s altseason -------------------------------------------------------- you see the support zone coming all the way from jan 2018 has broken now and major moving averages like 200DMA, 51EMA and 21 EMA has now turned to be bearish also the key level 67% has also broken earlier this jan -------------------------------------------------------- meanwhile a short term of pullback we can see due to recent drop in Bitcoin which will cause a lil more bleed in alts but allover dominance is falling and targeting 60% level, so most likely this feb or march could be a great month for alts -------------------------------------------------------- Thanks for reading... For the most profitable premium trading services DM me or contact me through twitter or telegram -------------------------------------------------------- this is Husain Zabir, signing out Thankyou...
CRYPTOCAP:BTC.DShort
by Husain_Arkghazi
Bitcoin dominance falling day by day. Is this jus tbeggining ?Hello everyone ! Wish you all good and profitable day. Today I´m here with something to think about as one of my friends contacted me and told me: " Hey look dear Anoinvest, Bitcoin dominance RSI is really low, it should bounce and rekt alts again right ? " Well here is my answer for you. It could happend Not necessary ! If you take a look at top left screen here is the beggining of alt season in 2017 You can see how RSI hit 6 here and it didn´t initiated bounce for BTC.D at all even vice versa it accelerated the dropping and it took exactly 300 more days for Bitcoin to fully reverse the trend and fight its dominance back as people lost hope in alts. Well its 11 days since Bitcoin broke down from its rising wedge pattern and its loosing its dominance every single day Below you can see the rising wedge channel with possible EW count MA200 points down for BTC.D and up for crypto total market cap exclude BTC But thats not all ! Crypto total market cap exclude BTC did major breakout of important resistance on Weekly chart as well as MA100 & Ichimoku . From psychology state I think we are hitting Hope/Take off zone Don´t get me wrong ! Im bullish on Bitcoin long term & I really think it will hit and posibly pass 100K USD but its literally "only" 10x (1000%) from 10K where we sit at the time of writting. And I really think lot of altcoins can overpass these gains well some of them allready did 200-400% gains in past one month. Ass a BONUS: here is my "long term map" Well to summarize it. RSI indicator is relative but I think 2020/2021 will be really great years for altcoins and crypto overall. Feel free to leave a comment below the chart or ask if you are in doubts. & remember that likes are highly appriciated ^^ Cheers. ------------- 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.
CRYPTOCAP:BTC.D
by Anoinvest
6
Bitcoin Dominance Rising Wedge Breaks: Initial TargetsThe Bitcoin Dominance Rising Wedge has begun to break. Ethereum and XRP are beginning to be the bigger breakouts. Given they hold larger marketshare %s versus recent breakout cryptos like ZEC and DASH, they will take more dominance away from Bitcoin . Remember, Bitcoin can continue to increase or trade sideways in price, and its dominance can still fall. All that has to happen to accomplish this is that altcoins have to outpace bitcoin (on a weighted average % based on market cap) in % gain. I have 2 initial targets drawn, after which we can revisit: Target 1: Key Fib level of 0.618 Target 2: Psychological level of 50% dominance which also happens to correspond with 0.382 Fib level
CRYPTOCAP:BTC.DShort
by CryptoBullGod
3
BTC.D: Don't Underestimate the TD Sequential 9 & 50 Week MAAs can be seen on the Daily chart using the TI Indicator, we are currently at the 50 Week MA on a Sequential 9. While the long-term 200 Week MA is sloping downwards (has a bearish posture), the 50 Week MA is rising (has a bullish posture). It's also clear from previous TD 9's, whether buy or sell signals, have been very reliable in calling short-term tops and bottoms. The RSI is also considerably oversold. I'm still bearish on Bitcoin dominance long-term, but remaining neutral as dominance is likely to find short-term support from current levels. It'd be reasonable to believe that dominance will retest the bear flag breakdown level, VPVR resistance as well as 21 Day MA around 66%, or even as high as the 200 Day MA at 69% that is now started to slope downwards confirming long-term bearish pressure. TI Indicator: tonevays.com Altcoin Dominance Eyeing Up A Breakout to 40% (January 2020) Cyrpto Market About To Bullcross: 50 & 100 Week MA (January 2020) Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:BTC.D
by dragononcrypto
BTC.D >> Bitcoin Dominance targets in 2020-2021Hi everyone, I believe this space (cryptoland) is becoming very interesting as dominance slowly is shifting away from Bitcoin into some major alts whose projects have excellent execution and increasing/promising use cases as time progresses. Bitcoin continues to be a great store of value yet some alts are beginning to steal the show. It is my conviction that Bitcoin dominance is in a multi-year ABC correction (beginning 2017) having completed the A wave in 2018 & B wave (relief bounce) in 2019 & has begun the C wave a number of weeks ago. Important note: With bitcoin dominance generally being in a downtrend over the coming year or two, this does NOT mean at all that the Bitcoin price won't appreciate. On the contrary: As its market cap dominance decreases, Bitcoin will continue to increase in price and adoption. It is a common misconception that Bitcoin price is positively correlated dominance needs to increase in order . Truth is: the correlation is very low. Anyway, back to the chart: we present 4 targets for Bitcoin dominance which we think will play out in 2020-2021. Breaking the 50-53% level triggers another roaring alt season, not unlike the one of EOY 2017. By that time, Bitcoin would have likely surpassed $20k (its previous ATH) and so investors and traders would begin diversifying their bitcoin gains heavily into the Altcoins. The targets presented are very technical, actually, based on multiple Fibonacci retracement analyses. We believe the end of the C wave would show an ATL Bitcoin dominance of 25%. AT that point, you can be almost sure that the bull cycle has ended and cryptoland is entering another multi-year winter (bear market). Cheers, Leb Crypto
CRYPTOCAP:BTC.D
by Leb_Crypto
1
Ethereum even more bullish than bitcoin!!Hey there, So Ethereum has really shown strength in the last few days, especially in this current consolidation. ETH has gained more than BTC in price lately and with the current bearish position of the Bitcoin Dominance chart, we could see ETH gain momentum over BTC. Take a close look at the factors desplayed on the chart and the text besides the arrows. Many signs are signaling bullish entries for the intermidiate term future, although I won't give you any specific instructions on what to do. Ethereum retested its 200D EMA perfectly and that is where I also got filled. I am currently look for ETH break its latest high, to then see follow through to ~224USD where next resistance is likely. We also are currently sitting at key resistance, so if it is broken bullishly and with a close of candle, long orders can be set around that level for retest in the near future (similar to 200D retest). RSI is showing a ascending triangle on the daily chart which also signals bullishness. TI Indicator is sitting at a green 1 with a 9 sell the day befor. Since the 9 sell didn't see follow through to the downside, I am looking for a green 2 above a green 1 to give confirmation for a long entry into resistance. All in all looking rather bullish, with plently of room to the upside and very less resistance up above. Check out my YouTube channel: Enlightened Trading if you want some closer information and regular updates on crypto and the stock market. Also follow me on Tradingview if you don't want to miss out on trades like the retest of the 200D EMA. Follow me on instagram: @enlightened_trading_ Cheers, Konrad
COINBASE:ETHUSDLong
by EnlightenedTrading
Dominance Bounce PossibleWe need to wait for a little more market structure to manifest itself before we make a decision from here where to go. Will the RSI cool off long enough to take us lower or will we have a meaningful bounce from here. The daily has broken down to lower lows on the RSI which indicates that was still have a high probability of going lower from here and creating another daily bear flag much like we did last month. I expect alot of congestion at these levels but once we break the 535 on the daily we can enjoy our altseason and bull-market. For now we will watch it bounce on the hourly and see what kind of market structure we have so we can have a bias from here. God Speed, Mr. Lucifer
CRYPTOCAP:BTC.D
by MrLucifer7
3
Bitcoin dominance could drop below 64% before a rise to 80%Bitcoin dominance is trading inside the uptrend channel. Uptrend channel support is at 63.5%, and channel resistance is at just above 80%. BTC.D could drop further and test support at 63.5% in the next few days. If BTC.D manages to bounce from 63.5% then it could rise for the next few months, and it could reach above 80% which is also top of this uptrend channel. 63.5 should act as key support for BTC.D, losing this support will push this index down below 55% - and that could bring a bull season for altcoins/BTC pairs. But Remeber, If BTC.D manages to hold 63.5% as support and bounce from this level then - it will sweep away many altcoin/BTC pairs, and they will make new all-time lows.
CRYPTOCAP:BTC.D
by HiteshMalviya