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Bitcoindominance

Dominance to drop to 35% if it can't reclaim 58%Should Bitcoin Dominance fail to reclaim an old neckline at 57-58%, it will likely drop back down to its recent lows and continue down to make a new ATL just below 35% Presently, Bitcoin dominance may fail to get above 54.09% on the weekly chart, after losing its uptrend and getting stopped 3x. If instead it does get above it, it still has to reclaim the neckline of a double-top that occurred the last time it tapped ~73.6%, and it appears to be facing resistance to that already, several percentage points below that level. It also has never hit an old rising wedge's TP 2, which happens to line up with a 2x measured move down from the aforementioned double-top. This idea is contrary to another post I've made that sees Bitcoin Dominance as long-term bullish, and headed back towards 100%, which I've linked to below and in the related ideas section as well:
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
Bitcoin Hits New Highs on Strong Fundamentals and DemandLatest Report on Bitcoin and Crypto Market Developments Our analysts have closely monitored the immense price action and developments driving performance in the cryptocurrency sector. This report aims to accurately outline relevant factors supporting Bitcoin's ongoing uptrend and the overall bullish sentiment across digital assets. Bitcoin posted a series of new all-time highs versus several global currencies including the Japanese yen, Malaysian ringgit, and others, extending its dominance in cross-border value transfers. Flow data shows exchange inflows reaching November 2021 peaks, underlining robust demand. Among recent announcements, Edward Snowden predicted a country will soon confirm purchasing Bitcoin to back reserves modernly without disclosure. Binance Labs funded a new staking protocol supporting network rewards fromBTC holdings. In the US, Bitcoin ETFs witnessed record $680 million weekly inflows. The BVL exchange in Peru approved crypto ETFs while BlackRock prepares a similar launch in Brazil. South Korean regulators discuss potential approval moves. Trend-defining analysis from Glassnode and Bitwise contends Bitcoin remains in a prolonged bull phase fueled by non-believers closing short positions. Transaction activity and exchange volumes reached November 2021 levels, exposing dwindling supply against persistent buying pressure. MicroStrategy doubled down on its seven-figure BTC bet by signaling staying power. Executives from Blockstream and Bitwise forecast six-figure prices over coming years. Popular predictions cite $100,000 before halving events that could stimulate renewed fomo. Technical metrics mirroring the last rally to near $70,000 reflect an ongoing positive cycle. Short squeezes inherently fuel upside breaks while traders betting against Bitcoin may exit en masse, unleashing buying waves. OTC desks face acute scarcity amid aggressive accumulation. Macro considerations such as inflation hedging also strengthen the long-term investment thesis. ETF permission across emerging economies broadens accessibility. With persistent institutional capital flows and mainstream adoption tools, Bitcoin retains a constructive narrative despite volatility. Our analysis concludes Bitcoin remains on an uptrend against a backdrop of widespread institutional adoption. Let us know if you require any expansion on specifics covered. We maintain a bullish outlook and will continue monitoring price components and on-chain activity closely for the next major move.
by ChartSavant
Get Ready for ALTSEASON 2024🥳📈📉Hi Traders, Investors and Speculators of Charts📈 Bitcoin is undoubtedly on it's way to making a new ATH. But one question is on everyone's mind... wen altseason ? Parabolic rallies often occur across the altcoin market after a steep increase on BTC and when BTC trades sideways and loses dominance (BTC.D). I'm not going to go into too much detail here, as I've already covered the rotation between BTC and Altcoins in another post here: I also called the start of a new bullish cycle here: And then went on to call a few alts early to watch for then coming bull cycle: ARE YOU PREPARED FOR ALTSEASON 2024? If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D COINBASE:BTCUSD BINANCE:BTCUSDT
CRYPTOCAP:BTC.DLong
by CryptoCheck-
Analyzing Bitcoin Dominance (BTC.D) & the Altcoin Rally ForecastThe Bitcoin Dominance chart reveals a bearish divergence on the 3-Day chart, a signal we previously highlighted in our analysis. Since then, BTC.D has engaged in a range-trading dance, marked by the emergence of a Lower Highs and Lower Lows pattern. The plot thickens as BTC.D approaches the downtrend trendline, poised to act as formidable resistance. Should this trendline hold its ground, especially if the daily close remains below, we anticipate a substantial drop in Bitcoin Dominance. Our eyes are keenly fixed on the key support area ranging between 44-45%, a critical zone aligning with the 61.8% Fibonacci retracement level. Yet, in case of the decline, first we must not overlook the significance of the 49% demand zone. The broader picture paints a compelling narrative—we stand at the precipice of a potential altcoin rally. The unfolding scenario hints at the very beginning of a transformative phase, with the possibility of many coins doubling in price.
CRYPTOCAP:BTC.DLong
by CryptoPAMM
5
If I were to trade Bitcoin Dominance (BTCDOM), I would sell now.Bitcoin Dominance (BTCDOM) has formed a distinctive double top at 2380, a key level marked by a bearish divergence observed in the MACD oscillator. While a strong support zone has emerged around the psychological level of 2000, a critical shift could be underway. It's important to note that BTCDOM has breached below the 50 Moving Average on a 3-Day chart, signaling a departure from its recent trend. The convergence of a bearish MACD divergence and the breach below the Exponential Moving Average (EMA) paints a picture of potential weakness in the BTC dominance dynamics. The emphasis on this potential weakness raises a flag, presenting a reasonable selling opportunity. This decision is bolstered by the recognition of a solid risk-to-reward ratio, underlining the strategic nature of the suggested trade. Traders, take note – the current technical signals suggest that now might be the opportune moment to act on a bearish outlook for Bitcoin Dominance.
Short
by CryptoPAMM
BTC.D WILL NEVER REACH 58% EVER AGAIN AND/OR HOLD IT.The statement is made to stablish what I believe is obvious, but considering what I've been learning from all on CT, this is my opinion of course, not financial advice. BTC market share around 10T Total Market Cap would reach maybe 3.3 on present cycle, where ETH may reach 1.1 with SOL.D above it by small % maybe reaching 14% on a very tiny window. All behaviour of Altcoins Dominance regardas past cycles is suggestion the market share is going to expand (logic) and the race would be to hold above 10% and for BTC to hold AND sustain, above 25%. I Believe BTC will touch the base of the Fib Channel, around 14% meanwhile the window closes and the market shuffle is over. Happy Harvest.
CRYPTOCAP:BTC.D
by TheMatterMaker
#BTCD #BITCOIN #DOMINANCE #Crypto #Market #DUMP #Soon #Eddy#BTCD #BITCOIN #DOMINANCE #Crypto #Market #DUMP #Soon #Eddy (("My analysis of BTCD"BITCOIN DOMINANCE" is like this, from my point of view, it is possible to track the position of short selling transactions on most currencies in the market.")) - What do you think? Have you checked BTCD in this time frame? Write me in the comments! - My confirmations are based on Wykoff's review of Bitcoin in multi-time frame, as well as Bitcoin and Tether's Dominance review. Its about Wyckoff ;-) Also My Short Setup is Activated ;-) (( BTC/USD )) latest published chart link :
CRYPTOCAP:BTC.D
by Eddy_Trade_
Is Altcoin Season on the Horizon? Looking at BTC DominanceHey crypto traders, if you don't know about the Bitcoin dominance chart and why it matters for all you traders out there, listen up! So, picture this: the BTC.D chart on the daily timeframe is throwing some serious signals at us. It's like the crypto market's version of a head and shoulders pattern, and it's currently hanging out just above the 50% mark. The Head and Shoulders- BTC.D's Drama Unfolding Now, you might wonder, what's the big deal with this head and shoulders thing? Well, my friends, it's a potential game-changer. If this pattern plays out, we could witness a shift in Bitcoin's grip on the entire crypto market, at least for a time. Bitcoin's price action could be taking a breather, which will let the altcoins have their run in the sun. Head and shoulders patterns are a bearish reversal pattern, and when seen on a time frame like the daily, it's probably pretty serious. The Altcoin Uprising: Where's the Money Moving? When the markets chill on Bitcoin, money tends to start exploring other corners of the crypto universe. First stop? The bigger altcoins like Ethereum, Binance Coin, Cardano, and Solana – these bigger coins often get a major slice of the action. Traders, pay attention! This could be your golden ticket to ride the altcoin wave. After the bigger cap coins, the money starts to flow down the list to the smaller caps, then eventually finding it's way back to good ole BTC. Preparing for Altcoin Season Now, don't panic. I am not saying Bitcoin is bowing out permanently. It's more like a breather, like an old man going to take a nap, which honestly sounds pretty good, haha. So, what's a trader to do during this potential Bitcoin siesta? Well, my friends, it's time to diversify your trading stack and look into those other cryptos, explore new possibilities, and maybe catch some gains on the way. Don't Date Them, Just Trade Them There are many out there that are just Bitcoin only kind of people, we call them maxis. Well they need to expect a bit of stagnation for BTC. If this is you, this is your chance to explore what else is out there and make some money along the way. The crypto market is a vast ocean, and there's more than one fish swimming around. So, buckle up, be cool like this Dude, and ride the waves of change in the crypto world. Even if you are one of those Bitcoin maxis, sometimes you have to look at what else is on the menu! A term I heard once that stuck with me, 'don't date them, just trade them'! That means if Bitcoin is the only coin you hold, then hold it, but don't count out the gains you can make trading other coins, just turn those gains into more Bitcoin!
CRYPTOCAP:BTC.D
by thelogicaldude
We are on the verge of a powerful Altseason !!While the Bitcoin ETF is on the news, ETH has now bottomed against the Bitcoin pair. Bitcoin dominance is breaking down of a bearish rising wedge and suggests dominance of King Bitcoin has likely topped. Do not get me wrong: this is bullish for Bitcoin itself !! However, a falling Bitoin dominance (which is bullish for Bitcoin) is utterly bullish for the Digital Asset space as a whole. Altseason usually starts when RSI of the BTC dominance reaches avove 58% levels on the weekly chart. Recently it has touched 60% when all of a sudden the Bitcoin dominance has been violently rejected at the 55% level. These are the avaited signs for an Altseason which will bring the dominance eventually all the way to under 25%, which would signify ATL all time lows for the share that Bitoin has in the digital asset market space. Soon I will post my number 9 and 10 of the TOP10 project list. Stay tuned.
CRYPTOCAP:BTC.DShort
by Dangermousebanana
Double Bottom w/in Adam & Eve That Could End the Alt MarketWe have a double-bottom on the monthly, which also looks like Wyckoff Accum when viewed from the weekly timeframe. It has already broken out and initially targets around 58%. Should that move break through the resistance between 58 and 71%, it could confirm a giant Adam and Eve pattern which could easily send Bitcoin Dominance back near 100%; potentially spelling the end for the vast majority of the Altcoin market or even crypto altogether. This is a monthly chart, so a lot can happen along the way. I even have a bearish outlook on the daily that I recently published, that after publishing the bullish outlook showing the weekly Wyckoff pattern. Still, long-term we may be headed back near 100%, with the pre-requisite of reclaiming 71%.
CRYPTOCAP:BTC.DLong
by dudebruhwhoa
UNDERSTAND THE BITCOIN ETF - PRICE ACTIONHello Family! 10th January of 2023. We are hours away from the Approval, delay or Rejection of the Bitcoin ETF. We need to be careful since the Bitcoin price still needs to confirm the 30-32k area as a SUPPORT. WE've done this in every Bitcoin cycle after we created a BOTTOM structure and going into a RETRACEMENT. We are in the biggest RETRACEMENT levels. This is a critical zone where the price could get rejected and where many expert traders are taking profit from the ACCUMULATION zone (15-25k) So, right now Bitcoin has huge risk of ROI vs potential downside. If you are waiting on a sideline, It would be better to wait for the MACRO correction, or wait if the Bitcoin Dominance starts to fall and liquidy goes into Altcoins. Legendary day. The force be with you.
BITSTAMP:BTCUSD
by xReve
📈BTC.D analysis, ready to pullback📉CRYPTOCAP:BTC.D Hello Traders, please check out my previous ideas. As indicated in the chart, Bitcoin Dominance can return to the yellow range, near the pitchfork midline. BTC.D can reach Bollinger-midline then starts its downward trend. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
CRYPTOCAP:BTC.DShort
by CrazyS