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Bitcoindominance

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
Begin to buy?In the heart of the crypto storm, BTC.D, the dominance index, has gracefully taken a step back, and astute investors are spotting a golden opportunity amidst the volatility. Recent market movements have seen BTC.D experiencing a short-term decline, sending ripples through the crypto community. But hey, wise investors know that every dip is a potential launching pad for greater heights! Liquidation Frenzy: Whispers of liquidation circulate, and we can't help but feel a tinge of sympathy for those who weren't prepared for the rollercoaster. Fear not, dear readers; opportunity often knocks loudest in times of uncertainty. ETF Bitcoin Hype: The market is on the edge of its seat, collectively holding its breath for the imminent ETF Bitcoin decision. Confident murmurs fill the air, with many insiders hinting at an approval. Could this be the catalyst that reshapes the crypto landscape? Seasoned investors understand that every storm brings hidden treasures. Could the recent BTC.D decline be your ticket to accumulating crypto gold at a discount? Smart money is always watching for these strategic entry points. Disclaimer: This article is for entertainment purposes only and not financial advice. The crypto market is a dynamic and unpredictable environment. Invest responsibly.
CRYPTOCAP:BTC.D
by Perseusx01
Possible Move Down to Daily SupportBitcoin Dominance may move down to daily support around ~48-49%. Confluence: It has failed to remain above 53.2%, which is the bottom of a resistance area Not pictured: it has also lost the 50 day SMA and is presently pushing on the 50 day EMA It has formed a smaller rising wedge as it moved into resistance and broke down from the bottom of that wedge (light blue diagonal) targeting ~49% for its 1x measured move down. There is a larger rising wedge (white diagonals) that will see a confirmed breakdown if the smaller one above hits its ~49% target, and its initial target is bottom of daily support @ ~48% How this could be invalidated: A reclaim of the 50 day SMA (not pictured). Get back above the 53.2% level and continue pushing through resistance. Move back above the smaller rising wedge's bottom and get above the shared top from both rising wedges Here's a look at the chart above, but with the 50/200 day SMAs and EMAs: Thanks ahead for reading and sharing your thoughts! - dudebruh
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
1
Potential Bitcoin Dominance ShiftAfter more than a year of an upward trend in CRYPTOCAP:BTC.D , There is a chance for a gradual ascent toward the upper boundary of the ascending channel with the potential significant correction at the beginning of the new year for Bitcoin We might witness a breakthrough above the upper boundary of the channel towards the 0.618 Fibonacci level or the upper boundary of the 77-month narrowing channel. Feel free to share your insights in the comments section.
CRYPTOCAP:BTC.D
by arya_lih
📊 BTC.D Ranging Scenario, Potential Reversal, and Key Support!An analysis of Bitcoin Dominance highlights a ranging scenario, potential reversal, and a key support level, providing insights for market participants. Key Observations: Current Bitcoin Dominance: Bitcoin Dominance is noted at 53.25%. Ranging Scenario: The analysis suggests a potential ranging scenario for Bitcoin Dominance. Potential Reversal: There's a consideration of the potential for a reversal in the dominance trend. Key Support Level: If Bitcoin Dominance breaks through 53%, the next support identified is the weekly ascending support line.
CRYPTOCAP:BTC.DLong
by Richtv_official