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Bitcoindominance

Bitcoin Dominance Update - An update from my last Bitcoin dominance idea, where I called out the dominance would top out in September then start to gradually fall before alt season. I say this with confidence, I don't see bitcoin going any higher than 74% dominance. In September it topped a little over 73% and has failed over and over again to break that. A lot of people are calling 90% dominance, and I just gotta say you're delusional. The daily hold at 69.92% was the absolute top before the 2017 'Altcoin season'. For those of you that look at other charts besides Bitcoin , this chart looks exactly like the DOW and the S&P , both failing to trend higher and are at a calm before they hit the fan. Just look at the chart, it could barely hold its own above the daily, and now it broke it's longterm uptrend stending from the beginning of this dominance bull market. My prediction is the Dominance will continue to struggle to hold this level, and even test the bottom of the uptrend before it really starts to fall. From there, it history will repeat and there will be another altcoin season. Taking a look at all of the altcoins, they have all slowly and steadily gained satoshi value against the bitcoin in the recent month. This will continue happening and we will be in altcoin season before we know it. I'm not saying Bitcoin is going to tank in price, to be honest this month I believe price will do exceptionally well, but the altcoins will outperform it. Just take a look at every single altcoin on Binance, all of their charts look exactly the same. Ready to breakout of accumulation for the first time since the beginning of this year, or even since their last spike up more than a year ago. As always please do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.DLong
by kyer
3
LONG ZECBTCGood RR if you have size enough for scalping without it being a waste of time. Looks like the dominance is finally being let go by the powers that shouldnt be in crypto. Remember I called this almost an entire month ago which means that whoever did this prolonged the bear market by almost an entire month... If these forces were not at work we would be well in a ALTSEASON by now. Again Market makers can do one of two things. They can exacerbate existing market conditions or prolong the inevitable. This one was the latter. God Speed Gents, Mr. Manbearpig
by MrLucifer7
Last correction before take-offWe have two pattern that confirms that bearish breakout is just round the corner. I think we will see a correction down to around 60-55% market dominance. In 1-3 month we could see a bullish cross between MA200 and MA100. + Volume is significant higher then before (new money flows in to crypto space) + Time left to halving 175 days (25 weeks) + MA200 is flattening, moving towards bullish cross In my opinion, we are still in accumulation phase and the start of the next phase (advancing) will start for real after halving. With this significant higher volumes in accumulation phase, demand for BTC will be like never before after halving. I believe the dominance can reach up to 85%-90%, and people holding Bitcoin will not be so interested of selling it in near future after halving. The advancing phase I believe will attract further new money into crypto space and fuel the price to new all time highs. Short term, 1-3 months: Bearish Long term, 2-12 months: Bullish
CRYPTOCAP:BTC.DShort
by Cryptovicci
Dominance : Elliot wave perspective and road map to 50%Hello Fellas, Happy Monday and I hope that this week could be the a better week for another trading journal for all of you. Current bitcoin movement is still in play with my previous analysis and perspective, beside bitcoin is still moving in the consolidation area whether it is on short term or long term perspective. That's why a few days ahead i will be more concern with the dominance and market capitalization of this crypto industry. I will frequently give you an update about this highlighted factor that keep the crypto space on its balance. Here we start the analysis! So, on this chart, I try to make a long term projection for the bitcoin dominance possible movement in the future. Remember that you don't have to be worry even if the bitcoin dominance will melt however to lower level or bitcoin itself which will decrease value a lot lower than current level. The decreasing of bitcoin dominance will become another stepping stone of bitcoin's future. The decreasing in bitcoin dominance will make the crypto space more healthier and the money inflow in this industry will spread out evenly between 1 coin to another. This thing especially will indicate a decrease of manipulative number, even for the institutional level, it will be harder to manipulate the price of crypto. More evenly the fund distributed, more healthier this market will be. I see that the current movement of bitcoin'd dominance will melt however to lower level. I see a losing momentum as well on current level of dominance. Based on the technical analysis, it looks like the previously bullish falling wedges could be the first leading diagonal on higher structure. I expect an ABC zig za corrective wave to the down side and I expect the dominance will stay at around 50% level. It has a lot of reason for the dominance to be at those level. Thank you and enjoy your Monday.
CRYPTOCAP:BTC.DEducation
by julio24albert
The Insider and systematic dumpHello fellas, here is my opinion about bitcoin based on the dominance side of the crypto market. I hope you enjoy this technical analysis! The daily chart for Bitcoin dominance shows that Bitcoin is fighting hard to retain its dominance of the cryptocurrency market. Recently, Bitcoin dominance broke out of a falling wedge and found temporary support on the 50% fib retracement level. However, I believe that this level won't hold from further decline. traders need to be very careful here as this is not the time to be bullish. It is premature to say that this move to the upside has come to an end. We are certain that a decline is going to follow sooner or later but short term further manipulation could be around the corner. We recently saw Bitcoin pump by more than 43% in two days. There have been times when we have seen similar pumps in the altcoin market follow soon after. I wouldn’t discount the possibility that this could be one of those times which is why it is not a good idea to be short on the altcoin market just yet. However, despite what happens short term, Bitcoin is ready to decline below $8,000 and it could happen in a matter of days. The cryptocurrency market is in trouble and insiders have known this for a long time. They have been dumping systemically but as more and more retail investors begin to catch up with what is really happening, they are now in a rush to get out of their positions. This is why we have seen such naked manipulation in the past few days that shook out most of the retail bears and got the bulls really excited. The bulls are still quite excited and expecting further. The Fear and Greed Index is still in the neutral zone but traders could soon get even more optimistic with another fake out. In my opinion, it is very likely that we might see another fake out near term
CRYPTOCAP:BTC.DEducation
by julio24albert
Bitcoin Dominance Update - Altcoin Season ComingAn update from my last Bitcoin dominance idea, where I called out the dominance would top out in September then start to gradually fall before alt season. I say this with confidence, I don't see bitcoin going any higher than 74% dominance. In September it topped a little over 73% and has failed over and over again to break that. A lot of people are calling 90% dominance, and I just gotta say you're delusional. The daily hold at 69.92% was the absolute top before the 2017 'Altcoin season'. For those of you that look at other charts besides Bitcoin , this chart looks exactly like the DOW and the S&P , both failing to trend higher and are at a calm before they hit the fan. Just look at the chart, it could barely hold its own above the daily, and now it broke it's longterm uptrend stending from the beginning of this dominance bull market. My prediction is the Dominance will continue to struggle to hold this level, and even test the bottom of the uptrend before it really starts to fall. From there, it history will repeat and there will be another altcoin season. Taking a look at all of the altcoins, they have all slowly and steadily gained satoshi value against the bitcoin in the recent month. This will continue happening and we will be in altcoin season before we know it. I'm not saying Bitcoin is going to tank in price, to be honest this month I believe price will do exceptionally well, but the altcoins will outperform it. Q4 has historically been very good to Bitcoin . NEW Trading Group: t.me NEW Signal Group: t.me Binance Sign-Up: www.binance.com As always do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.DLong
by kyer
19
Altcoin Dominance Bouncing From 0.382 Fib Retracement Bouncing from 0.382 fib retracement, altcoin dominance has broken above the 200 Week MA (29.65%), RSI now left oversold conditions and MACD about to bull cross. "ALT.D" (1-BTC.D+99) needs to close the weekly above the 200 MA to remain bullish, but otherwise the risk/reward is there for a trade to the 0.5 fib retracement (49.95%) and resistance level. This would be a trade on the monthly scale on the left with the price bouncing back from the 20 MA to the 50 Month MA. Related altcoin dominance/market analysis... Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming? Altcoins Bouncing From 200 Week MA after TD Sequential 9
CRYPTOCAP:BTC.DLong
by dragononcrypto
Bitcoin vs AltcoinsHello, Traders! Monfex is at your service and today we overview Bitcoin Dominance . The domination is near the strong resistance line and MA100 and most likely this week we will see a rebound down to the zone of intersection the middle line of the large ascending channel with the bottom line of the falling wedge from which this percents can go up. Summarize : first target ~ 68 % after this it can rise up to 70 % Altcoins looks better in a short-term position Market Cap $222 510 336 037 Volume (24h) $55 096 410 013 Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
CRYPTOCAP:BTC.DShort
by Monfex
BTC dominance is expecting to be dropped, a chance for altcoins?BTC dominance (BTC.D) is expecting to be dropped, a chance for altcoins? Bearish signs for BTC.D as shown in the daily chart: - BTC.D violented key support at around 69%, as mentioned in the previous analysis. - BTC.D can't break the downtrend resistance, established since the earlier of September 2019. - At the time, TRIX fails to break its downtrend resistance and being in the bearish area since mid-September. - MA20 is pointing down with a high angle. BTC.D will have a small rising to test MA20 (which is a higher edge of the falling wedge pattern), then slowly drops to the Fibonacci retracement 50% (65.8%). BTC.D dropping is evident tells that the capital is flowing from BTC to altcoins. This, overall, is a good sign of the altcoin market. The altcoin blooming season is still far away, but altcoins will have good recovery in the next days. A possible scenario of the crypto market in the next days: - BTC will have a drop, relatively, BTC.D will have a small rising. - BTC finds strong support (might be around $6600), then enters the consolidation phase. - Top altcoins (ie. ETH, XRP, LTC, BNB, etc) will fly when BTC gets stable. Then the next coins have lower market caps will follow the top.
CRYPTOCAP:BTC.D
by Batrachotoxin
2