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Bitcoindominance

Bitcoin Dominance (#BTC.D) Hits HH: What It Means for Altcoins🌴 Paradisers, let's discuss the recent developments in the Bitcoin dominance (#BTCD) and its potential impact on the cryptocurrency market. 🌴 💎 The Bitcoin dominance recently reached a new higher high, hitting the 49.66% mark. This is an important milestone, as it signifies the breakthrough of a long-term resistance level. This breakthrough opens up the possibility for #BTCD to climb even higher, showcasing its strength in the market. 💎 💎 However, it's worth noting that the price of #BTCD has encountered resistance at the 261.8% Fibonacci level, suggesting a potential pullback in the near future. This correction could lead #BTCD to retrace back to the 48% area, allowing room for the Altcoins to flourish. 💎 If #BTCD manages to stay within the ascending channel, it is highly likely that we may witness an Altcoin Bloodbath after the pullback. This indicates a period where Altcoins could experience significant drop in a relatively short timespan. On the other hand, if #BTCD breaks below the 48% support and subsequently 47%, it could signify a greater potential for the Altcoin season to emerge. 💎 In summary, the overall trend remains strongly bullish for #BTCD, but a healthy pullback would not be surprising. If the pullback occurs, #BTCD could resume its rally and potentially target the resistance level at 52%, which aligns with a double Fibonacci level.
CRYPTOCAP:BTC.DLong
by MyCryptoParadise
Bitcoin Dominance & Total2Bitcoin Dominance Index (BTC.D) - calculated index that shows the ratio of bitcoin capitalization to the rest of the cryptocurrency market. CRYPTOCAP:BTC.D It directly demonstrates inflow and outflow liquidity into the first cryptocurrency, due to which the investor gets the opportunity to predict a potential “altcoin season” TOTAL2 - crypto market capitalization excluding bitcoin capitalization. An indicator showing the inflow of liquidity into altcoins. Correlation As a settlement index, bitcoin dominance is correlated indicator, and has a number of properties that can enable the investor to predict potential market changes: Here is example of potential movements between this 3 charts Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
CRYPTOCAP:BTC.DEducation
by Crypto4light
📈 Bitcoin Dominance Most Bullish Since Jan. 2018Bitcoin Dominance is about to go through the roof. The weekly RSI is at its highest level since September 2019. The setup we are seeing now is something we haven't seen since early 2018. We are also about to experience the "mirror image" of the phase that took place in Q1-Q2 2022. Mirror image as in reverse. We should see massive growth across the Cryptocurrency market. New people coming in, new money, new developments, new excitement... Growth and progress will flow from Bitcoin to the Altcoins and then back and forth. The worst is already in the past, 2022... We are set to experience years of growth. Namaste.
CRYPTOCAP:BTC.DLong
by AlanSantana
12
Bitcoin Dominance a Year Before HalvingHello, TradingView community! Today, let's dive into Bitcoin Dominance. Bitcoin Dominance has been making waves in recent months, hovering above the crucial 50% level. This level has historically been significant, often leading to reversals and breakouts. We saw its impact in 2018, and it reaffirmed its importance in 2021 by consistently bouncing back from this threshold. Interestingly, there's a peculiar relationship between Bitcoin Halving and Bitcoin Dominance. Just before the third halving in Bitcoin's history, the dominance chart showed consolidation below 60% resistance. Fast forward to the present, we're approximately 11 months away from the next halving on May 20, 2024, and the price has been consolidating below 47%-50%. It appears we're witnessing a breakout, with the next target likely being a dominance level of 60%. It's possible that we'll reach this milestone just before the fourth halving. The Bitcoin dominance chart serves as a valuable tool for assessing Bitcoin's market position compared to other cryptocurrencies. A higher dominance percentage indicates that Bitcoin's market capitalization surpasses that of other cryptocurrencies, highlighting its prominent standing in the overall crypto market. Conversely, a lower dominance percentage suggests that altcoins are gaining popularity and capturing a larger market share. When Bitcoin dominance drops, it often signals the beginning of an altcoin bull run, with altcoins experiencing significant growth. Conversely, when Bitcoin dominance rises, it typically indicates a period of decline or correction in the altcoin market. Feel free to share your thoughts and join the conversation!
CRYPTOCAP:BTC.D
by Vestinda
BITCOIN dominance update best time to buy altcoins when btc domiance is above 55%. Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. best time to buy altcoins when btc domiance is above 55%
CRYPTOCAP:BTC.D
by bullstraders7
$BTC -The Future to Come (SEC FUD)- Today, June 10th, 2023, CRYPTOCAP:TOTAL2 Altcoins are being smacked to the face with the least of shame from Bitcoin's Dominance ! CRYPTOCAP:BTC.D has increased intra-day at 2% with BITMEX:XBT dropping as much as 3.5 %. When compared to Altcoins CRYPTOCAP:TOTAL2 , Bitcoin's dump so far for the day looks not as bad in terms of % negative depth. With just approximately 320 Days left, Fourth Halvening is around the corner. This may be a decent time to load up on some Altcoins Accumulation. As always, using proper risk management into positioning one's self-portfolio. It looks to me, like a decent spot to accumulate Long Term, despite more downfall fear concerns. TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking in any trading activity based solely on this Idea.
BITSTAMP:BTCUSDLong
by Mr_J__fx
BTC dominance ready for testing 44.40 %hello dear traders this is advanced price action of bitcoin dominance Where Will Quasimodo Generally Appear? Quasimodo pattern appears at all time frames. It occurs always after a significant rally. Then the market is manipulated to create liquidity. Where the retail traders are captured, the profitable trading opportunity is created there. Quasimodo is very reliable if used properly and can be seen on every timeframe from daily down to 1 min charts. What Should Be Remember To Trade QM Efficiently? Always look for fresh Quasimodo Demand/Supply zones, which are not tested yet. Make sure the distance between QML and MPL is not too high. If the distance is so high, risk will be increased and the Risk Reward Ratio will be poor. So, when the zone is small, the risk is also small and the expected reward is big. Never ignore level over level. QM is more powerful when an authentic opposite zone is engulfed. You can enhance your day trading strategies using this price action pattern. good luck
CRYPTOCAP:BTC.DShort
by mehdi_kb
$BTC.D -Complicated 'Love&Fight' relationshipCRYPTOCAP:BTC.D is breaking the 45 degree trendline, indicating further downside around 45% mark . There it will find stop as support looking from the left of previous candleticks priny, as well the Red 50EMA coming from Below. If these two do not hold, then await for white trendline support if you want to buy Altcoins cheaper while adding them in to your long-term portfolio. Meanwhile, BTC.D's road headed South will act to Altcoins as Death Penalty on Gas Chamber, leaving them breathless regarding what's so called 'altcoin season'. Beware of the Relation between #Bitcoin's price and the relation of Dominance TRADE SAFE ! *** Note that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before partaking on any trading activity based soly upon this idea.
CRYPTOCAP:BTC.D
by Mr_J__fx
This Time is Not Like the OthersPrevious tops for Bitcoin Dominance in this range have behaved similarly, as has RSI. Each time we topped out, RSI moved higher and higher and then dropped hard. This time RSI has formed a falling wedge, and it looks indecisive. It could be seen as a bearish divergence, as RSI moves down while price moves up or sideways. However, as RSI has already fallen significantly lower, it has room to spike upward along with price. I think the likely scenario here, is a move up to 50-54% and then a strong move down. It could make a move down before doing so, but not back to the lower range.
CRYPTOCAP:BTC.D
by dudebruhwhoa
5
Crucial Moment for ETH/BTC- ETH/BTC is approaching the end of a symmetrical triangle formation on the daily chart, which began back in July 2022. - The CM Williams Vix and Ultimate RSI indicators suggest that the bottom was established in late March 2023. - Currently, ETH/BTC is testing a significant resistance line that has held strong since July 2017. Additionally, considering the Bitcoin Dominance nearing a resistance point (see attached analysis below), it wouldn't surprise me if we witness a breakout for ETH/BTC, resulting in a decreasing Bitcoin dominance and Ethereum outperforming BTC at the moment. I will conduct further analysis below using other timeframes
by joerivdpol
No Breakout Yet, No Massive Drop EitherBitcoin Dominance looks like it wants to head down to 45-46%. Why? - We're moving up within a parallel channel on the weekly chart here, good chance we'll see the bottom of it again. - Our highest weekly high did close above the previous one, but with no wick and not as high as our highest wick. Hard to call that a strong breakout - Volume isn't here yet to bring it higher & MACD looks like it wants to turn down, while AO may cross soon as well Conclusion: - No altseason yet (a mini-recovery could occur though, but they could just as well drain more if BTC drops significantly with another dominance drop) - No dominating bitcoin move yet
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
2
Bitcoin Dominance Elephant/Mammoth in the room The Bitcoin dominance has been doing something seemingly unnatural with the limited information available to us. I find that a lot of people are sleeping on this or just unaware. First off, this chart is very busy. I don't normally make charts with this many indicators but there is a lot of confliction in the information and I only want to make a single chart of this to follow on. There is are even a few indicators I have deleted for sanities sake. Secondly, the elephant is that we have basically gone through a bear market in a range with the dominance. What we have known or at least what we think we knew is that in bear markets the dominance of bitcoin goes up. That so far has proven to be false or is it that the bear market isn't over yet? I will explain all of this with my opinion at the bottom with a third option. THE INDICATORS On the Monthly chart 50 month MA CM_Ultimate_MA_MTF Volume Down below, from top to bottom RSI Vortex (VI) Traders Dynamic Indicator (TDIGM) Historical Volatility (HV) Bitcoin Dominance Oscillator (BTCD_O) Sentiment Oscillator (ASO) So, lets start from the top The CM Ultimate has turned green, the only other time that's happened on this chart has shown an upward dominance move for Bitcoin. The RSI is climbing, the blue vortex has crossed above the pink line that all show a support for this upward dominance move. The sentiment oscillator has closed the gap (Blue vs pink) and looks to make across that would add to the upward move, but, has not crossed as of yet (possibly this month it may). The conflict or size of the move The last time dominance went up it was met with very heavy resistance the 50 month MA (yellow line), it finally did break through but did not hold for even one month and broke back down again. This shows us the 50 month is very very strong resistance for now. The question is, will it go above this time around? This is what remains to be seen and what will follow here. The volatility and traders dynamic could be pointing at small move. We can clearly see the volatility going down as the move is going up. The TDI has been saying a move is coming and has been made but it might already be over, or there is isn't much left in the move. So, it could go to the 50 month and get rejected from there. Why? We can also see the TDI's range is narrowing which coincides with the volatility. Also, along with all this the RSI is showing hidden bearish divergence for 4 years now, that started in 2015, but has it played out fully yet? Again that remains to be seen. I have zoomed in on the volatility so it can be clearly seen but what is being missed is the giant wedge that it is in. This wedge does eventually end in about 2 years, so it's still aways away. What I think and what my analysis is. First off, it's not to be taken as advice. I think BTC dominance is going up for now. I also think it gets rejected by the 50 month and goes back down for an alt-season and could make a double bottom and hit the lows of 2018 @ 35% or possible even slightly lower for a very short time. It then would go back up substantially. Keep in mind this could take 2 to 3 years to play out in full or even longer. The keys in all of this are the 50 month, the Volatility and the volume. We can also see the volume is in a downward trend. A big volume spike could bean early sign of a trend reversal too. Once all this plays out and if the dominance was to go back up the volatility would have to break out of the wedge in a fairly violent way, just as it did when it broke down in 2017/18. The other option is it just gets more and more stable and less volatile as time goes on and keeps following this trend. I don't think this is likely as a permanent fixture though. Another hidden key here could be Ethereum. ETH has also closed the gap on BTC during this bear market, so it's another thing I'm looking at and could also be used as an indicator to all this data. I have linked a chart to this analysis in this one called "Is Ethereum going to dethrone the king". Also, I have included is an altcoin lengthening cycles analysis based on XRP. I do suggest you replicate this chart in multiple ways by breaking down the indicators for cleanliness sake and even adding in the ones I removed listed down bellow. Removed but still relevant Indicators Stochastic RSI Bollinger Bands MACD Thank you for looking and please feel free to let me know what you think in the comment section down below. Stay Blessed WeAreSat0shi
CRYPTOCAP:BTC.DLong
by WeAreSat0shi
1
📈 Bitcoin Dominance Clearly Set To Move Above 53% to 58%At times, charts can be quite difficult to read yet at other times, the end-message can be quite clear. Bitcoin Dominance (BTC.D) is giving out a clear message and that is up. Mid-March, BTCD moves above EMA100 weekly on a major green candle. The action that ensues is what makes the message clear. For the next month and a half, 6 sessions/candles, BTCD consolidates by going sideways... 100% sideways. After 6 weeks of consolidation, the index is now moving up. This is supported by a very strong RSI. Volume is low, which means that the real, strong action is yet to come. On a bearish bias/potential, we would see a test and retest of EMA10 and EMA100 as support, instead, bullish consolidation then up. We can expect additional growth with the next target being MA200 at 53.53%, followed by EMA300 at 57.99%. Mirror image from the March/May 2021 drop. First we go down... Then we go up! Namaste.
CRYPTOCAP:BTC.DLong
by AlanSantana
8
Breakout! Altseason is COMING!We just broke under last buyers volume. The cryptocurrency market is known for its volatility, and it is not uncommon to see rapid fluctuations in prices that can make or break investors' portfolios. One phenomenon that is often observed in the cryptocurrency market is an "altseason." An altseason is a period when the prices of alternative cryptocurrencies, or "altcoins," rise significantly in comparison to Bitcoin, the world's largest cryptocurrency by market capitalization. Altcoins are any cryptocurrencies other than Bitcoin, and there are thousands of altcoins in circulation. Some of the most well-known altcoins include Ethereum, Ripple, Litecoin, and Dogecoin. These cryptocurrencies have their own unique features and use cases, and many investors believe that they have significant potential for growth. The conditions that lead to an altseason are complex and multifaceted. However, there are several factors that are typically associated with an altseason: Bitcoin dominance drops: Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that is accounted for by Bitcoin. During an altseason, Bitcoin dominance typically drops as investors shift their attention and funds to alternative cryptocurrencies. Rising demand for altcoins: During an altseason, there is typically an increase in demand for altcoins. This can be due to a variety of factors, such as new use cases, innovative technology, or positive media coverage. Bullish sentiment: During an altseason, there is typically a bullish sentiment in the market, as investors are optimistic about the potential of altcoins to outperform Bitcoin. Positive news and developments: Positive news and developments, such as new partnerships, upgrades to existing technology, or regulatory developments that are favorable to cryptocurrencies, can also contribute to an altseason. Bitcoin's stability: While an altseason is characterized by a drop in Bitcoin dominance, it is also important for Bitcoin to remain relatively stable during this period. If Bitcoin experiences significant price fluctuations, it can disrupt the altcoin market and lead to a decrease in demand for altcoins. An altseason can be an exciting time for cryptocurrency investors, as it offers the potential for significant profits. However, it is important to keep in mind that altcoins are often more volatile than Bitcoin, and investing in them can be risky. It is crucial to conduct thorough research and due diligence before investing in any cryptocurrency, and to manage risk effectively to protect one's investment. ---- A breakout is a term used to describe a sudden and significant price movement in the financial markets. Breakouts occur when the price of an asset, such as a stock, commodity, or currency, moves beyond a key level of resistance or support, typically on high volume. These key levels are often referred to as technical levels, and they can include trendlines, moving averages, or previous highs or lows. One strategy that traders often use to take advantage of breakouts is called "buying the dip" or "selling the spike." This strategy involves waiting for a breakout to occur, and then entering a position on a pullback or retracement. For example, if a stock breaks out to the upside and then pulls back to retest the breakout level, a trader might enter a long position on the pullback, with a stop loss below the breakout level. Another strategy that traders use to take advantage of breakouts is called "momentum trading." This strategy involves entering a position as soon as the breakout occurs, with the expectation that the price will continue to move in the direction of the breakout. This strategy can be risky, as the price can sometimes reverse course quickly after a breakout, resulting in losses for the trader. Overall, breakouts can be exciting and profitable opportunities for traders, but they require a high degree of skill and discipline to navigate successfully. Traders who are able to identify breakouts early on and manage their risk effectively can potentially achieve significant profits in the financial markets.
Short
by xuk1
Altseason 2023 is going to start in coming days. Be ready. Hi dear community and my lovely followers. I will be in short. I want you to inform that be ready for Altseason 2023 which is going to start in coming days. It will be wild. As you see Total 2 on weekly log chart has broken the main diagonal resistance/ weekly falling wedge/ and it is going to break pink zone which is one of the strongest horizontal resistance. As soon as it will be flipped, All altcoins will explode in a crazy way making x5-x10. Bellow you can see also Total 2 weekly regular chart, where Descending triangle was broken and retested successfully. The only thing we need is "flip the main horizontal resistance and the party will start. Also pay attention to Weekly RSI which has also broken the main diagonal resistance with retest and it is above 50 level, so huge momentum is coming to altcoins market))) BTW BTCD hit 48% main resistance which is again sign that it will be rejected because of altcoins hard pump. Pay attention to updates bellow this analysis I'm going to post other charts as well. Don't forget to like, comment and follow please. I'll appreciate your support.
CRYPTOCAP:TOTAL2Long
by ergal91
1