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Bitcoindominance

The Market Cap BTC Dominance has hit the strong resistanceThe Market Cap BTC Dominance has hit the resistance at 72.83 which is not broken since July 2017 and likely to fail in breaking out. Volume profile since july 2017 upto now is showing less interest of traders at resistance level. The RSI is overbought. Stochastic has given bear cross from overbought zone. MACD turned strong bearish. Lagging span of ichimoku cloud is also moving down and we have a cloud support almost at 61.35. And we have a strong price level support at 53.17 which is not broken since Sep 2018. Volume profile since july 2017 upto now is showing less interest of traders below this support level. If the price action may fails to breakdown the cloud support then we might have a sideways trend and during this we may enjoy the altcoins season but the real altcoin season depends on breaking down this ichimoku bullish could support and then 53.17 level support. So Now the fear factor in trading altcoins should be decreased if you are trading altcoins with right strategy then Bitcoin cannot ruin your party it does't matter BTC price moves up or down unless the BTC.D does not take bounce form the support or the indicators again turn bullish. This is the right time to trade the alts without fear. Regards, Atif Akbar (moon333)
CRYPTOCAP:BTC.DShort
by moon333
6
Bitcoin vs AltcoinsHello, Traders! Monfex is at your service and today we overview Bitcoin Dominance. Bitcoin's dominance has grown slightly over the past couple of days by bullish div on RSI, but we see that Altcoins on its support levels and on the domination chart BTC has come close to the resistance: the resistance line of the descending channel MA100 the ex-support line Wait for a bounce down to the support line. It's also will be Wave C of Elliott Correction Waves (ABC). 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_UK
1
A Strategy Guide For Trading Altcoins With Bitcoin DominanceOne of the most common questions I get when it comes to altcoins is, "should I trade or should i just buy and hold?" For most people, buying and holding (or hodling) is often times the best answer. It's less time intensive and you don't have to think about it too much. The problem (and often asked question) is, "when should I start buying?" For that, I would highly recommend familiarizing yourself with the dominance charts on Trading View and the cyclical nature of alts vs bitcoin. To find the Bitcoin dominance chart (which is what we are using right now), just type in BTC.D in your tradingview indicator at the top. What is Bitcoin dominance? Bitcoin dominance is the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets. A KEY FACT: Just because Bitcoin dominance goes UP doesn't mean that Bitcoin price is also going up. It means that it's market share is going up relative to the rest of the market. In 2018, we saw a flight of capital from small cap and mid cap altcoins into Bitcoin where dominance went up, but Bitcoin's price continued to go down and even capitulated towards the $3200 level. What the dominance actually represents is the relative value of alts VS Bitcoin. (i.e. XXXBTC pairs for altcoins.) So when dominance is falling, that means that the altcoin pairs (typically majors and mid caps) are gaining value relative to the BTC pair. Vice versa, when dominance is going up, altcoins (typically majors) are losing value relative to bitcoin value. This is where it gets tricky trading altcoins or being a hodler in general. Sometiems, you can gain BTC value but lose USD value if Bitcoin falls faster than your altcoin gains value relative to bitcoin. If, say you want to go long on XRPBTC (to gain bitcoin), we can see that we saw a very good opportunity last week when I sent the XRPBTC chart. Even easier to see on the 4 hour time frame here: To update: Okay, so we got our pull back to the 2750 level and took a long on it. Our current trade is in profit for 24% in Bitcoin value. This means that if we had put 1 BTC into the trade, we would now be at 1.24 BTC in total value for XRP. Awesome! Now, let's check out the XRPUSD chart to see how we are doing in USD value. Because we bought the BTC pair, we bought the XRP pair around $.236 The value is now at $.285 and we are now up 20% in USD value. If you had put in $10,000, you'd now be up $2,000 for a total of $12,200. - A 20% gain so far. As you can see, there is over a 4% difference in Bitcoin value and USD value relative to the gains. This is much more exaggerated during Bitcoin volatility, which means we need to be especially careful buying a bullish altcoin set-up when Bitcoin is at high time frame resistance. Comparing price and dominance side by side, you can see the point that 'dominance' doesn't equal bullishness even better. Bitcoin dominance went up over 100% from Jan 1 2018 until Oct 2019. In the same time span, bitcoin price dropped 80% and also went up 330% from the bottom. These 3 charts give you a little better perspective on the higher time frames. On Jan 1, we saw the bottom of altcoin dominance and a confirmed bullish bounce. Bitcoin went down 80% in USD but rose by 330% off of its bottom while dominance continued to climb. Ripple (XRP), on the other hand declined by 94% in USD value and 78% in Bitcoin value and is only up 40% in BTC value from the lows and is up this month about 20% from the lows. The only period of time that was a good time to hold Ripple was actually where went down and was flat in September of 2018 where Ripple went up 160% in USD value. If you buy an altcoin and the dominance level stays the same, meaning the Bitcoin value relative to the altcoin stays the same, then you will 'maintain' your bitcoin value and lose USD value for the trade. Some people ONLY care about 'stacking sats' no matter what the price of Bitcoin is at. This is because they believe in the long term viability of Bitcoin and think that the price will appreciate no matter what. If you want to 'hodl' an altcoin for long term, it is always better to buy or scale into altcoins when dominance is at high levels at key resistances and showing confirmed signs of weakness than it is to buy at the bottom of dominance levels. This is because you will be subject to massive draw downs in relative bitcoin value, whereas your USD value may hold well. A real life example using XRP You take $32,000 in cash and buy Bitcoin on Dec. 10th, 2018 when Bitcoin was at $3,200. You now have 10 Bitcoin. You then take the Bitcoin and buy XRP. XRP USD value iwas at $.29. XRPBTC value was at 0.00008700 You now have 114,000 XRP. To date, your total bitcoin value would be at 4 Bitcoin worth of XRP. Your total USD value would be roughtly $31,500. This is the true cyclical nature of the cryptocurrency markets. If you are looking for exposure to a specific 'class' of altcoins, you can also trade indexes. On some exchanges, they have mid cap and small cap altcoin indexes that you can get exposure to without having to buy individual altcoins themselves. You can also use a 'futures' contract to 'hedge' a portfolio of altcoins if you are a hodler. There are lot of nuances and strategies that you can use when it comes to trading cryptocurrencies, but hopefully this guide gave you a good idea of when to long altcoins and when to short altcoins based on the dominance of Bitcoin in the market. Hopefully this helped you get a better idea of when to short and long altcoins. If you enjoyed the read, please consider giving a +1 to the chart and sharing it with your friends. Thanks for reading!
CRYPTOCAP:BTC.D
by jacobcanfield
17
$btc dominance FAST Collapse #Alt SeasonLately we have seen $alts holding value in USD, Dropping at a lower rate than $btc or in some cases such as $link this weekend even go up in value when $btc dropped. Should we take that as a sign of them bottoming it out? #alt season is a Lot closer than many traders anticipates. The chart shows us how Fast can $btc dominance collapse in a very short time period. I think an $AltSeason is right around the corner , i m thinking Q4 of 2019 or Q1 2020. Im my modest opinion: $btc dominance is gonna test 70% one more time, its gonna fail it, then collapse, firing it up an #altseason. I would like you guys to share your opinion in the comments
CRYPTOCAP:BTC.DShort
by plebsoulix
Rough Chart Up of where i think BCT.D might go in coming monthsAttempted to spot something like supply/demandzones for the BTC.D Chart There does appear to be some sort of correlation in the trend Same gradient lines match points all over the chart in new range 90%-45%ish apex points from various significant(?) trend lines match significant moves or turning points in dominance Sitting in low 70%s old sup/dem(?) zone just dropping below in last week or so appears to be something of a bearish divergence (bullish for alts) if divergence can play in a dominance chart Looks to me like real fun (altszn) teeing up for feburary 2020 with slow rise Q42019
CRYPTOCAP:BTC.D
by olliecoughland
BTC Dominance Can Move Higher | Altcoins Can Grow As WellThe BTC Dominance (BTC.D) chart is looking bullish now after breaking above EMA10. We can see that Bitcoin is trying to move higher on a bounce, so it is easy to see why this chart is also bullish. The TOP altcoins (ETH, ADA, BCH, LTC, etc.) are looking bearish against Bitcoin, but the remain altcoins (the alts/smaller cap.) are looking bullish vs Bitcoin... So we are likely to see Bitcoin and the Altcoins growing at the same time. Thanks a lot for reading. Namaste.
CRYPTOCAP:BTC.D
by AlanSantana
12
BITCOIN Dominance 70% | When Altseason, sir?#BitcoinDominance is currently 70% of total crypto market cap. #Bitcoin aka #DigitalGold is preferred over its alternative cryptocurrencies & digital asset (aka #ALTS) For those who were in crypto during 2017, you will remember the amazing run for many many ALTS. In early 2017 BTC dominance was still +90% of market cap. In Q2 2017 BTC dominance dropped to 62% in favor of 'high cap' alts (notably Ethereum $ETH) In Q3 2017 BTC dominance dropped further to 50% in favor of 'mid cap' alts (ex: Litecoin, Stellar, Tron, Btrash) In Q4 2017 BTC dominance dropped sharply down to 32% in favor every other alt (Ripple, EOS, Cardano, Dash and lots of s**tcoins!) Will 2017 Altseason repeat itself in a similar fashion? Hard to say. That time even the worst s**tcoins were pumping. This time investors will be smarter about their BTC SATS. Only the best ALTS will pump massively. IMO - Don't expect ALTSEASON in 2019 but you never know with Bitcoin & crypto! ;-D Some suggestions: • Have a plan, choose your alts wisely and be ready when the time comes • Use your BTC/SATS wisely, do your own research • Diversify...But not too much! • Scale-in, don't go into alts all at once • Bitcoin, NOT s**tcoins (which means Bitcoin is king, don't waste your SATS on a $1M unpopular s**tcoin unless you really really really believe in it) Some key levels to look out for? • Purple (75% or 3/4) • Green (66% or 2/3) Stay tuned for updates! $BTC
CRYPTOCAP:BTC.D
by JackSciarr
BTC Dominance today analysis, 190928. Needs another peak to fallHello, my friends. It's Cryptoranger K. Do you remember the last bitcoin dominance analysis I posted? I said in that article that Bitcoin Dominance has already begun to fall. Of course I still stick to that opinion. But I think that a noticeable downside should wait a bit longer. The chart I showed you at the time was a three week chart. At that time, I expressed the MACD histogram with two arches as the beginning of the decline. But Stochastic and MACD didn't make the Golden Cross. I think the following three conditions are necessary for Bitcoin Dominance to show a full-scale decline. 1) A 3-week stochastic must make a Golden Cross. 2) Make 3-week MACD Golden Cross. 3) A 1-week candle will need to form two peaks over the next few weeks.
CRYPTOCAP:BTC.DShort
by Crypto_Ranger_K
Altcoin Season Ends Before the End of the YearBitcoin dominance is falling rapidly, which shows growing interest in Altcoins, especially top Altcoins which have enabled Margin Trading. From what it seems, the alt season has already started, but it might not last that long. According to my analisis BTC.D will continue to move down, towards 60% dominance till the end of this year. Then BTC might take the lead once again.... BUT, if the support will be broken, this will be indication of a growing interest in blockchain overall, and BTC.D might go down to 30-40%. This would be a true paradice for TOP Alts.
CRYPTOCAP:BTC.DShort
by CryptoPAMM
3
Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming?Is this the start of another alt season? Altcoin dominance needs to close above the 200 Week MA at 30.65%. Despite the downward trend of the 20, 50 and 100, the 200 remains in a bullish posture trending upwards. Is Bitcoin going to sell off and profits go towards altcoins finally? MACD is looking to bull cross soon, the RSI is leaving oversold territory after three months of being oversold, monthly RSI has been finding support at 40. The altcoin market has otherwise found support from the 200 Week MA in recent weeks :-)
CRYPTOCAP:BTC.DLong
by dragononcrypto