Get started

Bitcoindominance

How to Altseason Cycle || Cheat Sheet || Bitcoin DominanceMonitoring Bitcoin dominance (BTC-DOM) is a valuable tool for crypto traders. It provides insights into the relationship between Bitcoin (BTC-USD) and altcoins (ALT-USD), helping you make bette decisions about your altcoins and tokens. Spotting Altcoin Seasons: Altcoin seasons are periods of heightened interest in different cryptocurrencies and tokens, often causing their total market cap to surpass that of Bitcoin. Understanding BTC-DOM's movements can help you anticipate how the market might react: 1. BTC-DOM Goes UP: When BTC-DOM rises and BTC-USD also climbs, it often indicates a bullish phase for Bitcoin. During this time, ALT-USD may stay relative stable and face sideways. If BTC-USD experiences a decline while BTC-DOM is on the upswing, ALT-USD might witness a significant dump. When BTC-USD moves sideways and BTC-DOM follows suit, ALT-USD tends to maintain a stable course. 2. BTC-DOM Goes SIDEWAYS: If BTC-DOM remains relatively stable and BTC-USD sees an uptrend, ALT-USD often mirrors this upward movement. Conversely, if BTC-USD takes a dip while BTC-DOM remains flat, ALT-USD tends to follow suit with a decline. When both BTC-USD and BTC-DOM exhibit sideways patterns, ALT-USD typically remains in a state of relative stability. 3. BTC-DOM Goes DOWN: A decrease in BTC-DOM coupled with a rising BTC-USD often leads to a pumps for ALT-USD. When BTC-USD experiences a decrease while BTC-DOM falls, ALT-USD may stabilize or enter a sideways phase. If BTC-USD moves sideways while BTC-DOM declines, ALT-USD often witnesses an upward movement. Remember that while these trends offer valuable insights, the crypto market is highly volatile. Low cap altcoins can behave unexpectedly even when Bitcoin dominance suggests a particular trend. Therefore, use Bitcoin dominance as one of many tools in your investment strategy, and always conduct thorough research before making decisions.
by Vestinda
14
Bitcoin Dominance: Key Insights for TradersGreetings dear traders, let's analyze Bitcoin Dominance chart! The Bitcoin Dominance chart is currently perched just above the crucial 49% mark, a pivotal level recognized for its significance as both support and resistance over the long term. Delving deeper into the analysis, the Relative Strength Index (RSI) reveals an intriguing development—a notable oversold signal. This could potentially be indicative of an impending price rebound. Zooming out, our attention is drawn to the nearest resistance point, situated around the downtrend channel resistance. This obstacle aligns closely with the 50% dominance threshold. The convergence of these factors presents a compelling scenario: a potential rebound from this resistance could spark altcoin season.
CRYPTOCAP:BTC.D
by Vestinda
$BTC - The Struggle Continues - #Bitcoin's Uptrend still intact in terms of Price Action, coming from the Lows of 15K . Concerning is the fact that despite Bitcoin trending Bullish on regards of Market Structure (series of HH & HL ) ; it is trending so, within a Rising Channel (i.e bearish flag). Ahead of this current uptrend is the Golden Zone Fibbonaci Level awaited to be faced as Resistance in the midst of a Critical S/R Zone. Both of this targets should be flipped from Resistance to Support(retested) in order for Bitcoin to be headed higher, to trigger the price interest at 50k-65k ; W(tf) *OB a (see the updated idea attached below) Until further confirmations, CRYPTOCAP:BTC is likely to be headed to at least 35.000$ in the short term time frame. Key S/R and Golden Zone may very well be the next stoping point to open shorts TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking on any trading activity based solely on this Idea.
BITSTAMP:BTCUSD
by Mr_J__fx
5
BITCOIN - NO BULL RUN TILL MARCH 2024This Bitcoin chart right here is a monthly timeframe chart. We all have been expecting this bear market to be over but it keeps deceiving us. Here is a clue on what to expect in the coming month. Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend. We have four phases here and the number of months each lasted for The All Time High - All Time Low (12 Months) The Bull Trap (6 Months) Accumulation Phase (9 Months) And finally the; All Time Low to All Time High (13 Months) Comparing the two bear market together, we have completed the first two phases and we are in the accumulation phase. Therefore, we have till February 2024 to accumulate our favorite gems before a bull run will kickstart. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
BITSTAMP:BTCUSDShort
by PetrockFxTrading
8
BTC dominance decreasing can indeed have a positive impact 📉 Bitcoin's dominance decreasing can indeed have a positive impact on altcoins! 🚀 As Bitcoin's dominance (the percentage of total cryptocurrency market cap that Bitcoin represents) decreases, it often suggests that investors are diversifying into other cryptocurrencies, including altcoins. This can lead to increased interest and potential price appreciation in the altcoin market. However, market dynamics can be complex, so continue to monitor trends, news, and overall market sentiment to make informed decisions. 📊🚀 #BitcoinDominance #AltcoinSeason #MarketTrends #Diversification
CRYPTOCAP:BTC.D
by SatoshiPremium
📈BTC.D analysis, ready to fall below the📉CRYPTOCAP:BTC.D Hello Traders, please check out my previous ideas. As indicated in the chart, Bitcoin Dominance can return to the yellow range before moving upwards. ✌💥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
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