BTC Dominance May Take Reaction From HereDOM can get reactions from here. It makes this pattern frequently after sharp rises. Be careful on alts.
Bitcoindominancechart
Sell Signal For Bitcoin DominanceOn Friday, my indicator combo gave us a big old SELL, meaning dominance by Bitcoin is about to dump. This does not mean the price of BTC will drop. In fact, it could continue to rise.
What it signals is that the altcoin market is about to 🚀🚀🚀! Therefore, if Bitcoin rises, Altcoins will rise even faster. Get ready! The rocket ship is about to launch for alts. Bull run incoming.
BITCOIN dominancehello dear trader and investors
there are two senario for biton dominancee
1/ if dominance hit the top of uptrend channel (58 -59.8 ) sell zone 2 willbe activated and altseason actice from here
2/ if dominance breakdown uptrend channel on 54
To invest, make sure you have a portfolio and make buy your altcoin step by stepThe post 85% of Altcoins Are in Historic Buy Zone: Santiment Report appeared first on Coinpedia Fintech News
If we take a general look at the sentiments of the crypto community, we realize that altcoins are often seen shadowing the dramatic volatility of their big brother, Bitcoin. However, an on-chain analytics firm, Santiment, has given us a fresh look at altcoins.
Santiment’s report suggests that a pivotal shift may be on the horizon for these alternative digital assets. According to their data, most altcoins are positioned in a historic “opportunity zone.”
Santiment’s Report on the MVRV Ratio
According to our model, the mid-term gains and losses by average wallets indicate heavy realized losses across most #altcoins. Over 85% of assets we track are in a historic opportunity zone when calculating the market value to realized value (MVRV) of wallets' collective… pic.twitter.com/NogkCSH5PG
— Santiment (@santimentfeed) April 25, 2024
The Market Value to Realized Value (MVRV) ratio is a renowned metric utilized by cryptocurrency analysts to gauge the market condition of digital assets. This indicator compares the market cap, which reflects the current market valuation of an asset’s circulating supply, with the realized cap which represents the aggregate cost basis of the asset investors hold.
“Santiment’s MVRV ratio model shows that over 85% of altcoins are currently in an opportunity zone based on their collective returns over 1-month, 3-month, and 6-month cycles,” notes the firm.
This unique zone, delineated by the MVRV metric, highlights periods where the potential for price increases is enhanced, ostensibly due to the prevailing market undervaluation relative to historical data.
Indications for Investors
The analysis indicates that the bulk of altcoins are not just surviving but potentially thriving, setting the stage for what many in the crypto community would call an ‘altseason’. This period is characterized by a surge in altcoin prices, often outpacing Bitcoin and disrupting traditional market correlations.
“It may be justified to buy while there is growing fear seeping in from the crowd after all of these market cap dips,” suggests Santiment.
This sentiment is backed by their MVRV data, which hints at a robust comeback as investors begin recognizing the undervalued state of many assets.
Strategic Investment Approaches
For investors looking to capitalize on these insights, Santiment provides detailed analytics through their Sanbase PRO platform, which is accessible via a special trial offer.
Moreover, enthusiasts and analysts can dive deeper into this data through tools and models provided by Santiment, such as their Sansheets plugin and API services.
As the digital asset landscape matures, tools like the MVRV ratio offer valuable insights that help navigate its volatility. With over 85% of altcoins currently in the opportunity zone, the market seems ripe for a potential uptrend, beckoning both seasoned traders and curious investors.
In summary, leveraging advanced analytical tools to understand market sentiments and asset valuations could not only demystify the complexities of crypto investments but also highlight timely opportunities for market entry.
good luck
An update on the bitcoin dominance charts double bottom patternWe can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the double bottom breakout target giving us some nice bullish confluence to increase the probability of hitting the full target of about 57.18%. Once bitcoin reaches this level, it would not surprise me if thats when alt really start to pump afterwards. We shall see soon enough if that will hold true. *not financial advice*
Bitcoin Dominance to Double-Top?Traders,
Previously, you'll remember I noted where I thought we arrive on the BTC.D chart. What I did not expect is a break back above 53% resistance. Now, with Bitcoin breaking all kinds of levels, prices, and expectations, market focus is zoned in at Bitcoin. At some point though, I do expect that focus to shift back into the altcoin space and more altcoin pumping should ensue. So, I am wondering whether BTC.D double-tops here before collapsing? I certainly know that this remains the highest probability at the moment and it is also why I am so heavily vested in altcoin trades currently.
Stewdamus
Altseason? I think so - Bitcoin Dominance The last time OBV on the monthly hit this resistance line was November 2015, Sept 2019 and Jan 2021. We have OBV resistance and also trendline resistance here.
bitcoin dominance explanation BTC.Dto be clear, THIS IS NOT A BTC.D PREDICTION, this is just explaining btc.d and will be linked to one of my previous posts, whose description uses btc.d as evidence for times provided, see linked post
BTC DOMINANCE | BITCOIN | ALTCOINS: THE RELATION.Hello guys, this is the BTC dominance update in 2 days timeframe.
Things are taking quite an interesting turn in the market. I am not completely sure yet but comparing the BTC dominance with Bitcoin and other altcoins, looks like some big move is about to come.
Let's compare the dominance and BTC chart side-by-side.
Bitcoin: In my recent BTC update, BTC is holding the $28k support level and it is trying to bounce back. The RSI is at the oversold area and most likely it's gonna rally higher.
BTC Dominance: We saw BTC.D making greens for the last couple of weeks breaking out of the upper trendline and also close to hitting the resistance level. The RSI on the other hand has crossed the 70 level which shows a clear sign of rejection.
What I am understanding from the current scenario is BTC is trying to make a bullish rally and the BTC dominance is possibly getting rejected. According to the experts, whenever the BTC.D gets down and BTC goes up, the altcoins go up quicker.
Is that possible in the current phase? Are we going to see a bullish rally or is it just a trap? Well, I am not sure enough to confirm it. Like I said many traders including me are assuming this to be a bear market but nobody knows exactly and no one can be deadly accurate at this. It is all a probability. As of now, for this chart, my invalidation point will be 47% resistance level. If the BTC.D breaks above this then all these assumptions will go to nothing.
What do you think about this? Do share your ideas and correct me if I am wrong.
I'll see you in my next update.
Thank you.
BITCOIN DOMINANCE UPDATE! SHOULD HOLD YOUR ALTCOINS OR NOT?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC DOMINANCE update.
Bitcoin Dominance is trading inside a channel in the weekly time frame. Currently, it is rejecting from the upper trendline of the channel. If we get a rejection from here then we will see a relief rally in Altcoins.
If Bitcoin dominance breaks above this channel and any weekly candle closes above 45.20 level then we will see another crash in Altcoins.
Here is a simple plan you must follow:- You can buy some good altcoins with the tight Stop loss and keep a close eye on Dominance. If we get a weekly close above 45.2 then exit from all Altcoins.
What do you think about this?
Do you think we will see a relief rally in Alts from here or we will another crash in Alts?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
#BTC Dominance. ALTSEASON will trigger at this level...
Welcome to this extensive analysis of Bitcoin Dominance.
If you are reading my updates for the first time, make sure you follow me if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
BTC Dominance is currently holding the 42.4 level. As long as it holds this level it's highly likely we will see some rally in BTC while it reaches the 45.22% level. This will trigger the rally in BTC too, possibly till $46k only if it maintains $38k support.
CONCLUSION:- BTC.D is likely to rise to 45.22% and get a rejection at that point which will eventually trigger the rallies in altcoins against BTC pair.
Invalidation:- Daily close below 40.27
What do you think of this chart?
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
Bitcoin Dominance: 1W Chart ReviewHello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Bitcoin Dominance.
The chart is self-explanatory. The Bitcoin Dominance recently broke out of the S/R 1 line and headed for a re-test. If the re-test is successful and the price moves upwards, the Bitcoin Dominance will start moving up. I noted multiple Support and Resistance Lines to keep an eye on. The RSI also broke out of a resistance line headed up. Lastly, a Triple Bottom was recently formed which is bullish. This is a weekly chart so please be patient.
Included in the chart: Trend line, Support and Resistance Lines, RSI, Triple Bottom Formation.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
#BTC Dominance Breaking Down? Or Just a Trap!Welcome to this quick update folks.
BTC dominance is currently retesting the Blue MA on this 2day chart after breaking down.
If we consider the wicks the scenario changes completely opposite of what we see here.
Considering the current chart, It's highly likely we will see a dump in this index in the next few weeks given the condition it stays below this Blue MA.
Close above this MA will invalidate this chart.
ALTCOINS in BTC pairs will show some strength in the coming days.
Currently, most of my portfolio is in USDT and BTC.
I will accumulate the altcoins with some good fundamentals and will hold on spot.
What's your trading plan?
Do hit the like button and share your views in the comments section.
Thank you
#PEACE
BTC Bitcoin Dominance: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D).
The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta color) and a multi-month double bottom pattern (bullish ; in blue color). The RSI (relative strength index) bounced off of a multi-month support line and potentially headed back upwards. There is still room for growth. If Bitcoin Dominance breaks up, it could be a great sign for the Bitcoin price. If it breaks the support line, a potential altcoin season may be coming very soon!
Shown: Support and Resistance Line, Trendline, Double Bottom Pattern, Triple Bottom Pattern, RSI (relative strength index), Triangle Pattern
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BTC Dominance: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D).
The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta color) and a multi-month double bottom pattern (bullish; in yellow color). The RSI (relative strength index) is also moving up a multi-month support line. There is still room for growth. If Bitcoin Dominance breaks up, it could be a great sign for the Bitcoin price. If it breaks the support line, a potential altcoin season may be coming soon.
Shown: Support and Resistance Line, Trendline, Double Bottom Pattern, Triple Bottom Pattern, RSI (relative strength index), Triangle Pattern
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BTC.D Further Thoughts1,2,3 down
Mostly all contained within the downward channel
If this is the scenario that plays out, alt coins will be massive !
Below is an idea "super alt season" check it out, very similar to this one
Bitcoin Dominance Downside Coming!!?Bitcoins dominance has risen up along with bitcoins price and hurt the altcoins almost all around the board, but things are looking up for altcoins as bitcoin dominance looks like its about to tumble down. As dominance falls altcoins will start to rise and the more it falls the more Alts will pump, keep in mind bitcoin can initially drag down the market if we see price action drop along with dominance but once we find some footing on BTC we can expect altcoins to start flying! First off taking a look at todays daily candle, we notice a very small body and long wicks coming from both sides, now this is often looked at as a transition candle and in this case would be a bearish transition candle, we do have to wait for our daily close tonight to really get the confirmation, but either way i think some downside on the dominance is coming sooner than later. We have had a spree of green daily candles, we have had 18 in a row almost except for 1 red candle in the middle of this run up, as you can see on the pivot bands we have had many many touches off the red band at the top and what usually follows is some downside, and this will be key for the altcoins. We want to see a push underneath the purple midline which likely wont happen today but i could see it coming in the next couple days, this will eliminate a key support level and then we will be challenged with support at 44.68% and a break below here is what we want to see, then of course a continued fall downwards. Now looking at the reversal momentum indicator (RMI) we are coming up very close to a bearish cross or a bearish reversal, and since we are pretty high up in the top zone we can likely see a decent fall if we do see this reversal play out, we want to see big separation with the orange on top. Now the Wavetrend is looking pretty bearish considering we are in the sell zone now for a bit of time, and we notice a nice downside curl signalling this upside wave could definitely be coming to an end here soon, the last time we saw such a big upside wave was at the beginning of august and we were followed with pretty heavy downside which will be key to spark this altseason and too send the altcoins flying sky high! Not financial advice just my opinion!!
BTC.D Approaching Key LevelsBitcoin Dominance approaching key resistance area, let's see the reaction and I am hoping it to get rejected on this area and ALT might get some bounce!
BTC Dominance Hidden Bearish Divergence Update!Taking a look back at our Bitcoin dominance hidden bearish divergence things are starting to play out just like we would want, this strong pattern indicates a continuation in trend and we are clearly in a strong downtrend, this is very positive for altcoins especially as dominance falls Bitcoin will have less of a grip on the market and this can and usually always leads explosive upwards movement for the alts. Now keep in mind if we do see a hard crash in dominance this could trigger an initial fall in BTC (which likely will bleed into the rest of the market) but once we find some footing we can expect altcoins to start going on some massive runs! Please feel free to refer back to my last TA to learn and see exactly whats involved with this hidden bearish divergence pattern! We are currently still trading within the bearish pennant and we are seeing what looks like a bearish transition candle but we have to wait till daily close to get that confirmation, as we approach the apex or end of this pennant we want to see a trickle downwards and a breakout to the downside which historically is very likely to be the case. Looking at the RSI last time i was talking about a likely rejection off the midline or slightly above it and we are seeing that play out perfectly, and is actually a good sign and indication these TA's are playing out, we want to see Bitcoins dominance stay in a confirmed downtrend with the RSI below the midline as shown over the past month on the RSI. The Stoch RSI aswell, since we already got 2 confirmations on the stoch RSI of the hidden bearish divergence it is a very good sign we are seeing a bearish cross and a fall out of the overbought area which directly correlates with PA, we want to see some separation in the blue and orange and to see a clear downwards projection coming from the blue, both the RSI and Stoch RSI are strengthening this call and making it more and more likely we are going to see this play out just like i've been saying. Now a new indicator to this series of TA's, the bollinger bands, we are seeing squeezing in the bands which shows volatility shrinking and indicates an explosive move looming, now the problem is it doesn't give a hint of which way but thats exactly why we are using other indicators and patterns, there is a much higher chance of us having a huge breakout to the downside rather than upside and thats due to all the facts i have been talking about in this TA like the Bearish pennant, hidden bearish divergence pattern, the start of a fall from the stoch RSI & RSI and also what looks like a return to a confirmed downtrend on the RSI, all of things point to something very clear, a looming drop in bitcoin dominance and remember that if we do see this crash its likely the market will feel the impact but afterwards we can expect altcoins to have some serious mega gains! Not financial advice just my opinion!!
Altcoin Season About to Explode!?Bitcoins dominance is really showing struggle with its continued fall and i think we could be looking at a bigger push down coming soon, we have held up on the 40.5% level but we wicked down to another support level at 40% the previous altseason in 2018 saw a BTC fall to just below 35% for the peak of the alt cycle and i personally believe we could see a bigger altseason for many reasons but to name a few, huge institutional investing, much more exposure to altcoins, and millions and millions of new crypto investors. Looking at the bollinger bands as talked about in my last TA we in and out of grabbing onto that bottom band and once we do i think we are bound to break these 2 support levels, the market may fall initially but it will get less and less for altcoins as the dominance goes lower and afterwards we can expect altcoins to start flying. The RSI remains in a confirmed downtrend and is back into the "oversold" area, but i don't see us getting up above the midline anytime soon we are quite a ways away and i think altseason is growing, The Stoch RSI is actually on a move upwards but we are seeing the blue ma loosing steam and starting to come back towards the orange in what looks like a soon to be bearish cross! Not financial advice just my opinion!
BTC.D . breaflag breakKinda bit late posting this.
but since the bearflag broke already.
so i think we're entering mini altcoin season till 42.83 zone
*not financial advice
#BTC Dominance bouncing? ALTCOIN Opportunities ahead?Welcome to this quick Sunday Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart.
The BTC.D Chart that I posted earlier followed the speculated path perfectly.
The chart shows the possibility of some bounce in this index which will eventually lead to corrections in altcoins.
These corrections won't last and should be considered as an opportunity to accumulate at lower levels.
So far we have traded many altcoins like:-
VET: 37% Profit
TOMO: 11%
COS: 70%
REEF::41%
DGB: 29%
LRC: 45%
BEAM: 24%
IOST: 28%
OXT: 34%+
XRP: 19% and many more...
All these Altcoins were posted and have shown massive profits lately without leverage.
I will be posting more setups this week.
So follow me and do hit that like button if you like me to post more Spot and Futures Setup.
Do share this chart with others.
Thank you
#PEACE
BTC.D along with targets due to previous analysisI forgot to specify targets on previous BTC.D analysis.
There are some Fibonacci levels for hitting the waves targets.
Here you are!
If you have any money in crypto you need to know this...There is a seasonality to the Crypto space. It comes in waves led by the leader and King BTC. There is no question many projects and exciting coins coming into this space but until the market cap of Bitcoin has been dethroned, Bitcoin exists as the the KING. Many Alt coins have had 5-6 months in the sun and this chart points that their cycle may be coming to an end for a season.
If you have any money invested in Crypto you may consider selling your Alts if you haven't been totally flushed out yet or allocating more of your holdings into BTC.
I just asked my 6 year old daughter which way she thought this chart was going to go next? Her answer was... "up". I asked her why? She told me "is this is pattern?".
Yes we see these patterns in Crypto. I called the bottom on BTC.D 3 about a month ago and was proven to be early. This game is hard to be perfect at or right all of the time. We are starting to see a strong bounce off the 2017 low. My entire point in putting this together is for you to closely look at your holdings and make sure for the next 2-3 months they are BTC dominant. Just shear math will tell you will have a better return there until this market consolidates over the next couple months. Alts like to see their parent (BTC) confident before they run wild.
Just as an example I'm personally looking for ETH/BTC to drop back to .50 before shifting more of my Bitcoin to ETH. Before this happens BTC.D will be much higher than it is now. Not only will this gain a higher return but our conversions will be better and our money will go further when BTC.D crawls back to up to the .60 price. We are on a journey back to the X. It's never a straight shot path either but I'll wake you up when we get there. Adjust your accounts accordingly.
BRONSON-TheSHARK
