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Bitcoindominance

$BTCDOM/USDT 2D (#BinanceFutures) Big falling wedge breakoutBitcoin Dominance Index seems about to reverse, ahead of the Ethereum Merge it's an opportunity to hedge against big Altcoins. ⚡️⚡️ #BTCDOM/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (2X) Amount: 11.8% Current Price: 1197.3 Entry Zone: 1192.8 - 1144.0 Take-Profit Targets: 1) 1168.4 2) 1380.2 3) 1469.0 Stop Targets: 1) 1069.7 Published By: @Zblaba Risk/Reward= 1:1.25 | 1:2.15 | 1:3.05 Expected Profit= +21.08% | +36.26% | +51.46% Possible Loss= -16.90% Fib. Retracement= 0.382 | 0.559 | 0.702 Margin Leverage= 2x Estimated Gain-time= 3-4 months Tags: #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance Component Info: www.binance.com
Long
by TradingOn
Bitcoin Dominance Explained. When to buy Alts? BTC domination: how to use it? And when to buy Altcoins? Today we will talk about Bitcoin Dominance. What is bitcoin dominance? Why is needed? And why exactly Bitcoin? Bitcoin is the first and the largest cryptocurrency by market capitalization. Altcoin is any cryptocurrency other than Bitcoin. Dominance (BTC.D) displays the relationship between the direction of movement of different cryptocurrencies. To find this index you just need open TradingView and type BTC.D There are quite a lot of indexes known to you in the world, the most famous of them are: Dow Jones Industrial Average S&P 500 RTS Bitcoin dominance is the ratio of its market capitalization to all other cryptocurrencies. However, we cannot trade this index. Pure math: if the capital invested in bitcoin decreases, then part of the funds goes into altcoins. BTC.D gives an understanding of the general direction of the market at the moment and helps to determine when alt pairs are correlated with the first cryptocurrency. However, the dominance of Bitcoin is declining as new cryptocurrencies emerge. Why? Because the capitalization of the alts is increasing much faster than the capitalization of bitcoin. Bitcoin dominance often depends on the altcoin season Altseason is a period during which altcoins gain a significant market share relative to Bitcoin, thus reducing the dominance of Bitcoin. Note, however, that Bitcoin dominance does not always depend on the phase of the market. What does it mean? This means that if bitcoin falls in price, and with it the alts, then the dominance of bitcoin will remain approximately at the same level. I prepared this cheat list by which you can determine the further movement of alts, depending on the Dominance of Bitcoin You can always use it! Bitcoin dominance also can be used even on lower timeframes but it’s not a magic pill and you should understand some alts follow more btc some less. Thats why you can see situations when bitcoin going down and some alts with low cap can pump 100% in a few days. Bitcoin dominance is just a tool that can give us more information about the state of the current market, and its possible future. On the Bitcoin Dominance chart, technical analysis works well, its help you to try predict the movement of the Bitcoin price relative to other alts. 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"!
BITSTAMP:BTCUSDEducation
by Crypto4light
3
Weekly Double-Top Target not yet ReachedThis is an alternative idea to heading up from here, based on a long-term target from April 2021. Around early to mid-April of 2021, Bitcoin Dominance confirmed a double top. Following that we hit and surpassed the measured 1x target (TP 1 on the chart above), and have since consolidated around it. However, we have yet to hit TP 2, or the measured 1.5x target - and... in crypto, we often see 2x measured targets reached when dealing with strong patterns like these. Now, while we very well could see a 3rd swing high, or it could even just turn up from here and go back towards where it broke down in April, as many are indicating: - I think it is still possible we see it turn down from right around here at TP 1 (or even from a 3rd swing high around 48-52%) and head down to TP 2 @ 38% or even down to 32%.
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
Bitcoin's market cap is increasingThe Bitcoin's Dominance Index, which shows the dominance of this cryptocurrency over the entire market, has recorded significant movements since August 2022 compared to the price movements of Bitcoin. By comparing the ceilings created in the range of October 2021 and February 2022, at this time, with the price increase, the dominance index has been decreasing, and it has shown that the market is emptying these ceilings. Since August 2022, although Bitcoin is still trading at lower prices, its dominance in the market has been increasing at times and unchanged at worst. After making the recent floor in November 2022, Dominance is also in full convergence of this growth, which shows that with the price increase, buyers have shown more willingness to buy. The increase of the convergence dominance index with the growth of the price during the decline is one of the important events to detect a strong movement in this market.
by MonoCoinSignal
20
5 Important Points About BTC.D🦍BTC.D or Bitcoin Dominance is one of the most important factors for investors to find out, if it is better to keep more Bitcoin in their bag or Altcoins. Don't forget, it's not all you need to make your decision but it's the important one! To make a decision about BTC.D, I've checked multiple parameters on weekly time-frame chart, so we dive deep into them one by one. Let's hit it. #1: Indicators (RSI and MACD) : MACD is showing a bullish divergence on the chart, that means the bearish momentum is getting weaker. It doesn't mean we're going up, but it means if any bullish power happens we can easily go up because Bears are weak now. Let's check RSI on the chart, the RSI is completely moving above a ascending trendline (Yellow line). Until we're above it, then BTC.D is good to go up. It looks like RSI is going to touch it's trendline again, if it does, I'll consider it as an important date to check my altcoins to swap with Bitcoin. #2: Consolidation channel for 1.5 year : This is a very strong and important channel for BTC.D because it has trapped BTC.D inside of it for more than 1.5 year, and many traders have used it to accumulate more BTC. How? Swap altcoins for Bitcoin in the bottom of the channel and the opposite in the top of the channel. Now that we're very close to the bottom of the channel so we have to consider swapping again, from Altcoins to Bitcoin. But be careful, you have to check each of your altcoin's chart one by one before making any decision. #3: Very strong support area (green area) : At the bottom of our consolidation channel, you can see a green area that is the strongest support area in BTC.D history. Because almost every time BTC.D had reached this level, it has forced BTC.D to move upwards. The overlap of this support area with the bottom of consolidation channel makes me seriously consider to swap most of my altcoins (with capital/risk management) with Bitcoin. SO TAKE BTC.D AROUND 40% SO SERIOUSLY. #4: BTC.D All Time Low : It is possible to have a downward fake breakout to 35.4%, because this is BTC.D ATL (all time low). It has happened before, so I'm still bullish on BTC.D unless this area is strongly broken downward. Other than that I believe we're in the BTC.D floor or at least close to it. It means, I prefer Bitcoin to Altcoin for long run as this is a weekly time-frame. #5: Comparing Bulls and Bears : I compared last two waves in the consolidation channel, greens from bottom to top and reds from top to bottom. As you can see on the chart, it took 20 candles (week) for bulls to go from bottom to top and 13 candles for bears to cove top to bottom. It means, in last two waves bears we're definitely stronger than bulls and we didn't see enough momentum in bulls. Although BTC.D is on the floor but my impression is that, BTC.D doesn't have enough momentum to break the channel upwards with one bullish wave. I think we need at least one strong correction in the middle of the road, before upward breakout. This will be my tough about breakout unless we see a super strong momentum when the bulls start pushing BTC.D. I wanted to add something else about this breakout, no matter when it happens, the target of BTC.D will be something around our green area (58%). So that date, will be a good time to check the market to swap Bitcoin for Altcoins. Well, this is my analysis on BTC.D, don't forget this is a weekly timeframe, so it is for long-term investors not short-term traders. Feel free to add up your ideas about my analysis in comment section, I do like to discuss different ideas with you guys to educate ourselves and take the best out of the market.💖
CRYPTOCAP:BTC.DLong
by ArshiaZojaji
13
📈 Bitcoin Dominance To Hit Its Highest Level In 2 YearsBitcoin Dominance has been trading above EMA10 since December on the weekly timeframe and is now gearing up to move to its highest level in two years. All the technicals are really good/strong/bullish and the stage is set for Bitcoin to shine. The initial jump will push BTC.D to 47%. This will be followed by an even bigger rise to 52-55% dominance and finally 60%. Long, long-term it can go even higher based on what I am seeing coming from this chart. Namaste.
CRYPTOCAP:BTC.DLong
by AlanSantana
9
Bitcoin Intraday Technicals: Consolidation Continues BTCUSD declined from $16,929 level since yesterday and now is trading in-between CRYPTOLEAN lines. Above $16,929, BTCUSD will move towards $17,688. Below it, we will see more downside pressure towards $15,678, but the price action will remain choppy. We will monitor the following scenarios. Scenario 1. A strong closure above $17,688 will make Bitcoin more bullish, but it will remain choppy towards $18,981. Scenario 2. A re-test and rejection of $17,688 will push Bitcoin down towards $13,447-14,403 and, possibly, lower. Scenario 3. A strong closure below $15,678 will push Bitcoin down towards $13,447-14,403 and, possibly, lower. Scenario 4. A rejection of $13,447-14,403 with a strong price action will push Bitcoin up towards $17,688 and higher.
BINANCE:BTCUSDShort
by Trade-Lean
Bitcoin Dominance UpdateIt looks like Dominance has broken all the hearts that believed in a huge alts rally! Bitcoin Dominance (Tradingview) bounced from near the 40% area and it is expected to continue with bullishness, that too with Inflation data release waiting up tomorrow.! Entry : 1326 Target : 1473 (0.5 of Fibo) Stop : 1243 (Current day candle low) Total no. of Analysis : 18 Successful trades : 12 NPNL : 3 Stop Hit : 2 Lost : 0 In Progress : 1 Bonus target is 0.618 of fibo ( 1557 ) in a worst case scenario. Safe trading!! Cheers!!
Long
by kjrthi
USDTNGN - To drop to 630/$ then rise to 800, 900 & 950/$#Nigerian Naira Rate (Update) Day after day, the Nigerian currency is losing it’s value. Here is a weekly timeframe analysis. Based on technical analysis, Naira broke it’s major resistance at 630/$ to $710 and pullback is needed to gain momentum for the next run up. Therefore I expect a fall to 630/dollar before a rise to new price target at 800, 850, 900, 950 per dollar. 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💰🥳🤗
UShort
by PetrockFxTrading
9
BITCOIN DOMINANCE: A RALLY EXPECTED!Shalom traders! I hope your weekend went well. Another week we ended up with some good profits and BTC still holds the support level. Today, we will analyze the BTC dominance chart and what this could mean for the market. Timeframe: 3 days. Update: BTC dominance has been a helping hand for the traders to analyze the upcoming move on BTC. As we can see in the chart that the BTC.D is under a trendline and it has been beautifully following it. According to the chart, we can expect a rally on BTC.D in the upcoming days which means BTC and altcoins in the BTC pair may possibly rally. The invalidation point will be the lower supporting trendline at 38.8%. That's it from my end. Thank you.
CRYPTOCAP:BTC.DLong
by Dexter_The_Trader
7