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Bitcoindominanceupdate

BTC Dominance ready for a strong bounceBTC Dominance is currently sitting on the strong support and seems to be ready for a strong bounce. RSI currently oversold on daily timeframe. It would make a lot of sense as we still expect alts to drop 50 % which most likely will happen if BTC dominance bounce from this key support. From another hand, if BTC.D breaks down, we may see an alt season and some really nice gain. However, this scenario in our opinion is less likely . We also expect that ETH merge will be a sell event which may trigger the drop in value for other alts too. Be ready for a bloodbath. If BTC.D bounces from the key support , we expect it to reach the upper boundary of the range and BTC.D would be at approx. 48 %
CRYPTOCAP:BTC.DLong
by vf_investment
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
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!
CRYPTOCAP:BTC.DLong
by CoreCrypto1
#BTC Dominance Decisive time coming by 31st March, Here's why!Welcome to this brief Analysis of Bitcoin Dominance. Reasons to Follow me? *9 Years in Trading! *7 years in Crypto *Certified Technical Analyst *Record Holder of Most liked Bitcoin Chart on Tradingview. *Consistent updates on Markets and Trade Setups *No Bias *All-time Top Author on various assets and index charts globally. *Very Active Community during both bull and Bear Market Let's get to the chart! Bitcoin Dominance is getting rejected at the local resistance but does not take it as a confirmation for a possible alt season. ALTS are still bearish IMHO. We can buy way cheaper but later. It pumped almost 4.18% since my last post and I expect more growth in Dominance for the next few weeks. Possibly till the end of this month. When it hits the resistance, that will be the actual time to know whether the index will break or get rejected. Currently, it's almost reaching the resistance better wait for the right time. If you follow me you already saved a lot of your funds which was possibly stuck in many altcoins. INVALIDATION: A daily close followed by a confirmation candle below the 21DMA and 50DMA will invalidate this chart. What do you think? Do let me know and hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
5
#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
CRYPTOCAP:BTC.D
by Cryptorphic
3
#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
CRYPTOCAP:BTC.DShort
by Cryptorphic
17
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
CRYPTOCAP:BTC.D
by MillionaireEconomics
11
#BITCOIN DOMINANCE Breaking Down! ALT SEASON has already begun!Welcome to this quick update, everyone. I know you've been waiting for this chart! Bitcoin Dominance has broken down the important level of 40. As per the pattern the index is likely to hit the 30% level. It's also moving below all important EMAs. Showing signs of weakness. Meanwhile traders will shift to Altcoins against BTC. This could be a very good opportunity to make some profits in the next few weeks while BTC moves sideways (which means accumulation as per my last BTC chart). Many Altcoins are already showing some strong moves. So Here's my trading plan:- 1. Keep BTC mostly. 2. Trade more on Spot and low leverage Margins on ALT/BTC Pairs. 3. Trade less on Futures (Only at the support levels rather than between a range). 4. Make more BTC. I'll be sharing 15 to 20 Altcoins this week. Invalidation:- Only a weekly break and close above 40.88% will invalidate this Chart. So far this scenario is unlikely. Do hit the like button and share your views in the comment section. Follow me to know the next Altcoins I'll consider adding to my bags. Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
4
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
CRYPTOCAP:BTC.D
by MillionaireEconomics
7
Altseason Almost Here!!!Taking a look at our bitcoin dominance and we have just recently broken right through that crucial 40% mark and that is a huge deal for the altcoins, realistically we should start seeing some explosive price movements going forward across the board. We definitely want to see our daily candle close below the 40% line as it would be very bearish and with that bullish for altcoins. A close here opens up the door for a breakdown to our first support at aprx 39.5% and then our S2 support which comes afterthat, either way any price action going forward that continues to drop is very positive for the alts! The bottom band on the bollingers as you can see is just below us we actually wicked onto it, the door is open for us to grab onto here and to see a big fall in domiance, historically closing ontop of this bottom band leads to explosive bearish price action just like we want! The RSI is getting crushed fairly badly and thats another great sign going forward, the RSI getting stuck below the midline signals we are in a confirmed downtrend which of course is positive for the altcoins. The interesting thing here though, is that we have tons of heavy resistance above us and it appears they are going to be pretty tough to breakthrough, we have the SMA which we are now below(BEARISH) and then we have two overhanging heavy lines of resistance that will take quite some time to break i personally think! Overall looking very good for the altcoins and if we see this trend continue moving forward we could be leaping right into altseason where i expect to see some explosive massive gains! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC Dominance: Alt Season Coming!Hello friends, today you can review the technical analysis on a 1W linear scale line chart for the Bitcoin Dominance. I generally look at candlestick charts, but for presentation purposes, a line chart is used. 1) The BTC Dominance has been respecting a Parallel Channel since the May 2021 crypto market correction. 2) Also there is a Bear Flag Pattern that has formed in the charts. This pattern's target is usually the length of the flag staff. 3) Since the RSI (relative strength index) recently broke a key support line, it may go back up to re-test the trendline before falling further. 4) With the potential increase in RSI, the Bitcoin Dominance may go up as well before a drop down. 5) If the Bitcoin Dominance falls to the target, it could result in potentially the biggest Altcoin Season. 6) If Bitcoin Dominance breakout above the Parallel Channel, it could invalidate this idea. 7) This is a weekly chart so don't expect anything to happen quickly. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? 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
CRYPTOCAP:BTC.D
by MillionaireEconomics
4
#BTCDOMINANCE BTC Dominance Chart 1M BTC Dominance Chart on a monthly basis. RSI has created a double bottom so expect a good sign of upward movement soon. Possible bad sign for altcoins for a period of time as BTC dominance goes up. Let's hope Ethereum and other Alts can have their happy day before dominance moves up too fast. 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. #cryptopickk #bitcoinprice #btcdominance
CRYPTOCAP:BTC.DLong
by MillionaireEconomics
2
DOUBLE BOTTOM ON BITCOIN DOMINANCE.Hello folks, Welcome to this another important update on BTC Dominance in 3 days timeframe. First of all, thank you everyone for being so supportive. I feel honored to help you guys with my charts and quality content. In this Tradingview platform, I provide 100% original and thoroughly analyzed content. I like to keep things easy and simple for my viewers. Now, let's get straight to the chart. On this chart, we will be discussing both the bullish and bearish scenarios. BTC.D formed a double bottom pattern and also broke above the trendline (drawn in a dotted line) and currently retesting. The interesting thing is that the dominance did not break above the 1st resistance level which makes things a little skeptical. Currently, BTC.D is at the 50 MA support which is the 1st support level. A break down below this level will drop the price to 2nd support level which will be almost a 12% drop. If this happens then it'll surely boost the altcoins in a good way but the rejection won't be that easy. The dominance might have failed to break above resistance 1 but it is still above the support level 1 so we can expect a bounce as well. In order to validate the double bottom pattern (shown in the image), BTC.D must break above resistance 1 and once that happens it will eventually try to test resistance 2 and you know what will happen if the dominance reaches resistance 2. My biased is on the neutral side for the time being. I will lean to either the bullish or bearish side only after the confirmation. Well, that’s all from my end. If you have any queries or doubts then do comment me on the comment box. Also, let me know your thoughts on BTC.D. Like, Share, and Comment.
CRYPTOCAP:BTC.D
by Dexter_The_Trader
2
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!!
CRYPTOCAP:BTC.DShort
by JacobR905
1