Get started

Bitcoindominanceupdate

Massive BTC dominance drop in the coming days?1Bitcoins dominance has been falling for weeks now and is approaching a critical support level at 50%, we have tested and bounced off once already and i believe in the coming days or week we could see a breakthrough and ultimately continue falling! When we do breakthrough this level itll be turned into heavy resistance and i think we will see another gradual fall all the way to 40%, depending if BTC dumps with its dominance we could see a big market pulldown and then Altcoins will start to boom like crazy. Remember the peak of the 2018 altseason BTCs dominance touched aprx. 35% before heading back up for a recovery. Definitely keep an eye on the bollinger bands, as you can see we have been riding the bottom band which is super bearish and ill be looking to see if that continues. Aswell as watching the bollinger bands on BTCUSD we are getting very close to the bottom band and if we start riding it a fall will be imminent, NFA just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC dominance heading for 50%Sorry everyone for the lack of TA recently, have been working on some big projects to do with NFTS but still going to try get content out as much as possible! We are seeing bitcoins dominance continuing to fall at a pretty rapid pace (Hence the serious gains in altcoins at the moment) I think we are bound to see a 50% dominance in the near future, The ichimoku cloud has really been pressing down hard on us continuing to print resistance clouds, Aswell the EMA ribbons are really starting to turn down pushing us further down with lots of bearish momentum, also showing no signs of slowing up. Our MACD looks like it is currently peaking and appears to be turning slightly to the downside, I will be looking for that reversal in the next day or so. I believe 50% is inevitable but if we do see some reversal and a move up at most i could see us rejecting off the 57% level and then heading back down. Remember that 57% support that we turned into resistance is historically one of bitcoins strongest levels and will be very tough to break, just my opinion not financial advice!
CRYPTOCAP:BTC.DShort
by JacobR905
Will BTC domiance hold this crucial support!?!?BTC dominance is continuing to fall we actually are past this crucial long term support and i will 100% be watching for the daily candle close! If we do see a close below the 57% support dominance could take another sharp fall. Mainly i think because we are riding the bottom of our Bollinger bands which is very bearish and if we dont see a little recover and hold today and tomorrow i believe there will be more downside. Our MACD isn't looking very great as of now we are seeing further separation and no sign of recovering, so this is something to watch aswell! The EMA ribbons are also turning and pressing down. Like I said this is a very important daily close for BTC dominance so keep an eye out, we could start to see some crazy crazy altcoin gains if we continue! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
Bitcoin dominance is officialy dead - long altcoins (altszn2021)Hello everyone, nothing serious here just a update on a BTC.D (Bitcoin dominance chart) As you can seen in the chart below I was expecting a huge inverted H&S formation for altcoins dominance months back allready and it played out nicely. Today a monthly candle closed with a expected 3 white soldiers candlestick pattern and also with higher high Further altcoins increase and Bitcoin dominance drop is expected ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only. KEYWORDS others.d, others dominance, market cap others dominance, altcoins, altcoinseason, alt, alts, alt szn, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
CRYPTOCAP:OTHERS.DLong
by Anoinvest
10
Watch BTC dominance close tomorrow!!!!BTC dominance continuing to fall now we are a decent bit under our long term support and if we see a close this low or below this support we could see a bigger drop resulting in an explosive altcoin run. If BTC dumps which it doesn’t seem like it will, but if it does we will see the market get dragged down with it momentarily then alts will fly and really start to shine! Our ichimoku cloud still pushing down with bearish clouds. The RSI is pointing down and our stoch looks a little bullish but could still reverse back. Just something to keep in mind for tomorrow, not financial advice just my opinion!
CRYPTOCAP:BTC.D
by JacobR905
Possible bearish retest for BTC.D looking good for Altcoins?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
CRYPTOCAP:BTC.DShort
by CryptoRush_
2