Get started

Bitcoindominance

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
BTC.D | Altcoin Season Anyday NowJust like 2017, the altcoin season won't come slowly, it'll be a sudden rush and inflow of money. We all know that we've topped out at 73% in the fall last year, and now we're just coasting below the big resistance level at 70% dominance. There is no more support until we get an alt season, please take a look at how crazy those candles look in the past week, it's almost as if they're trying to hold this coasting for as long as possible. Every single altcoin has bottomed out or has started going up in price of Bitcoin, as we've seen multiple multiple coins doing 30%+ in the span of 24 hours. Please let me know your thoughts and if you'd like to chat with me, check out the telegram links below. As always please do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.D
by kyer
5
(BTC.D) Altcoin Dominance Eyeing Up A Breakout to 40%With altcoin dominance closing back above the rising 200 Week MA last week, confirming Bitcoin's long-term weakness in market dominance, "ALT.D" (1-BTC.D+99) has again held the 30% support a second time and is looking for a breakout above 33.75% with a target to 40%. This would additionally be a TD Sequential trade on the Weekly chart with a Green 2 going above a Green 1, with oscillators (RSI, CMF and MACD) pointing to further upside. There will likely be some resistance and profit taking around the 50 Week MA around 35%, half way to the target, but I don't expect it to hold for long if volume continues to rise. The momentum would likely be too strong preceeding the confirmed trend change. Reward/risk: 2.1 Entry: 33.76% - TD buy signal and and new swing high since July 2019 Target: 40.7% - Previous support level as resistance and 100 Week MA confluence Stop Loss: 30.50% - Breakdown below the open of the 1 candle, 21 Week MA and into support range = bearish To me, this is a perfect trade. Previous altcoin dominance TA: Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:BTC.DLong
by dragononcrypto