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🔥 Bitcoin Dominance Falling: Alt-Season Finally Starting?In my most recent analysis on BTC.D I wrote that we were at an important resistance area. We would either blast through the resistance, and continue the Bitcoin-only bullish move, or we'd see a reversal where alts would start to outperform Bitcoin by a large margin. As seen on the chart, BTC.D has seen a reversal from the top resistance area. This has given alts, especially ETH, more room to grow. I'm not entirely sure whether we're going all the way back down towards the bottom support, but at least we can get a couple of weeks with better alt returns? For now, I'm assuming that the decline in Bitcoin dominance is temporary, so let's enjoy the alts while it lasts.
CRYPTOCAP:BTC.DLong
by FieryTrading
8
BTC Dominance, Get ready for Altcoin party 🥳🎉. BTC.DHello guys, Consider Bitcoin market cap to help identify market movement and the Altcoin season. To altcoin party we need money flow from bitcoin to other coins which we can see this on the chart now. So we have to wait for it to break 47% and complate the reversal pattern, and on the condition that the price of Bitcoin does not fall too much and stuck in trading range. Good luck. If its useful please like it as a support and follow me for next analysis :) . Salam doostan aziz, chart arzesh bazar bitcoin hast ke be zire moghavemat khod reside. in chart ro baraye tashkhise harkat bazar va alt season dar nazar begirid. baraye altcoin party ma niyaz darim ke pool az bitcoin be coin haaye diger montaghel shavad ke hala in ro daram rooye chart mibinim, pas bayad sabr konim baraye shekaste shodan 47% va kamel shodan olgo bargashti, va hamchenin be sharte inke gheymat bitcoin ham rizeshe ziyaadi nadashte bashad va renj shavad. moafagh bashid. like va follow faramoosh nashe :)
CRYPTOCAP:BTC.DShort
by ArashBanakar
5
Altseason 2023 is going to start in coming days. Be ready. Hi dear community and my lovely followers. I will be in short. I want you to inform that be ready for Altseason 2023 which is going to start in coming days. It will be wild. As you see Total 2 on weekly log chart has broken the main diagonal resistance/ weekly falling wedge/ and it is going to break pink zone which is one of the strongest horizontal resistance. As soon as it will be flipped, All altcoins will explode in a crazy way making x5-x10. Bellow you can see also Total 2 weekly regular chart, where Descending triangle was broken and retested successfully. The only thing we need is "flip the main horizontal resistance and the party will start. Also pay attention to Weekly RSI which has also broken the main diagonal resistance with retest and it is above 50 level, so huge momentum is coming to altcoins market))) BTW BTCD hit 48% main resistance which is again sign that it will be rejected because of altcoins hard pump. Pay attention to updates bellow this analysis I'm going to post other charts as well. Don't forget to like, comment and follow please. I'll appreciate your support.
CRYPTOCAP:TOTAL2Long
by ergal91
1
BTC.D 49% tagged precisely! ...and now we dropTraders, As stated numerous times previously, I have virtually zero expectations that Bitcoin dominance will exceed anything past 49%. Today we tagged that threshold exactly and now I expect a drop. In accordance with the dominance fall-off, I am expecting Bitcoin to retest the neckline of it's Cup and Handle pattern at HKEX:25 ,200. Though, I seem fairly certain regarding Bitcoin's pullback (and I am), I am less certain about what the altcoin space will do. For this reason, I am currently all in stable until alt direction can be more accurately determined. Stay tuned. If I get the right mix of signals, I will be entering quite a few trades to catch any move up. We are currently on a 16 in a row win streak long. I hope to extend this streak soon. Best, Stew
CRYPTOCAP:BTC.DShort
by stewdamus
2
BTC.D at resistance... time for Alts to shine? BTC.D is clearly at the top of this macro range. USDT.D is also dropping. This means we may see a mini alt season as alts follow BTC's recent rally. One counter-argument is ETH Shanghai update - Lots of staked ETH will be (is?) getting unlocked, which could create a lot of sell pressure. Some very crypto/finance savvy friends are shorting ETH here. ETH makes up a huge % of TOTAL2 (altcoin market cap), so if ETH does start selling off, this idea will be invalidated, USDT.D will pump instead, and alts will bleed. Good luck out there... Happy trades CD
CRYPTOCAP:BTC.DLong
by cryptodonovan
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
Both BTC and BTC.D charts are showing PULLBACK SOON!Traders, Please make note of the resistance areas up ahead for both Bitcoin (top chart) and Bitcoin dominance (bottom chart). Both have come into MAJOR resistance area and are showing me that Bitcoin should pullback within a week. I don't see us skirting above $30k without a pullback prior. Personally, from a technical standpoint, I am hoping to retest our Cup and Handle neckline at $25,300 ish. On the BTC.D chart you can see that in addition to the two major resistance areas overhead, we also have a descending trend line with (3) three perfect touch points, the third of which we are currently up against. Caution is definitely warranted in this area! And there is a much much higher degree of win probability on the short side of BTC here. It is worth noting that just because BTC along with BTC.D pulls back, it doesn't necessarily indicate altcoins will fly. Some may. Some may not. Lately, as it has been going, alts are a bit reluctant to follow the big dawg, bitcoin, to the upside, but sure as shit to want to follow it down. And they often will exaggerate any move to the downside by a greater degree. Larger cap altcoins (ie - Ethereum) might fair okay during a bitcoin pull back, but I'd be careful on the small cap alts. Best, Stew
INDEX:BTCUSDShort
by stewdamus
1
🔥 Bitcoin Severely Overbought: Altcoin Season IncomingIn this chart I want to shed some light on the Bitcoin Dominance (BTC.d) and the fact that it's severely "overbought". I'm aware that the BTC.d chart is not representing price, hence applying Technical Analysis on this chart is dubious at best. Still, the RSI indicator appears to be very decent for signaling reversals, even on this chart. As seen on the bottom, the weekly RSI is currently sitting above 70, which indicates that the BTC.d chart is severely overbought. In the total history of this chart, this has only occurred a handful of times. Every single time this occurred the dominance went down for at least a couple of weeks. As we all know, when the BTC.d goes down it means that alts are outperforming Bitcoin. When the market is bullish that would mean that alts will rise quicker than BTC. In a bearish environment it would indicate that alts will decline less than BTC. Whether we're going up or down; Altcoin season is upon us.
CRYPTOCAP:BTC.DShort
by FieryTrading
19
BTC Dominance, Altcoin party is coming or not?. BTC.DHello guys, Consider Bitcoin market cap to help identify market movement and the Altcoin season. You can monitor these two points which will cause the market to turn towards altcoins as dominance declines. Good luck. If its useful please like it as a support and follow me for next analysis :) . Salam doostan aziz, chart arzesh bazar bitcoin hast ke be zire moghavemat khod reside. in chart ro baraye tashkhise harkat bazar va alt season dar nazar begirid. ba nozooli va renj moondan in ravand, baese enteghal poole be altcoin ha mishe va roshd haye ziyad. moafagh bashid. like va follow faramoosh nashe :)
CRYPTOCAP:BTC.DShort
by ArashBanakar
1
Bitcoin Dominance : PrepareHello Team, This chart views the Bitcoin Dominance, it calculates Bitcoin's current share of the global cryptocurrency market cap. As you can see the Bitcoin Dominance chart is at resistance from a weekly consolidation zone. If we break this resistance level we can see a continuation in the Bitcoin price towards 30K and beyond while most of the money flows from Alts into BTC. During a typical bull cycle money will flow into Bitcoin while most of the alt-coins do not have much action. Then when Bitcoin starts to come back down money will flow from Bitcoin back into the Alt-coins. Keep your eyes on this significant level. A break from this consolidation will provide us more insight on the movement of the cryptocurrency market. Enjoy!
CRYPTOCAP:BTC.DLong
by GenesisGo
4
📈 Bitcoin Dominance (Update by request)This is a reply I gave to @cryptoninja1998 in a comment, his question was the following: " What are your thoughts on BTC dominance and the possibility of it turning back down (rejecting off 50% level), thus giving a push to the altcoins? " First, I wouldn't focus too much on the BTC Dominance chart to look for a certain type of action on the "Altcoins" side. The Altcoins is a set of Cryptocurrencies that ranges in the tens of thousands, and the "Altcoins" can grow in one way or the other while BTC Dominance does whatever it does. The Altcoins are set to grow based on the normal market behavior, that is, if Bitcoin is really strong, everything stops and Bitcoin moves forward. When Bitcoin takes a break the Altcoins move forward. The Altcoins vs Tether pairs tend to move together with Bitcoin in groups with a slight delay. Maybe the big ones move together with Bitcoin now while the others either consolidate or go into correction mode. In another occasion the mid-sized ones move with Bitcoin and in yet another occasion the smaller ones. Money enters the market through Bitcoin and from Bitcoin it flows to the Altcoins. Since the market cycle is always changing/evolving to the next phase, the next time Bitcoin goes up, how it affects the Altcoins is not the same as when it happened in January this year or for example, it is also difference then when it happened back in July/August 2022. This time when Bitcoin takes its break the Altcoins can grow really strong and recover weeks and sometimes months of correction in just a few days. Those consolidating move ahead. I would focus on each chart individually and just use the relation between the indexes and my desired pairs for the overall market view but not to know when to expect a certain move. The truth is that they are just too many Altcoins to speak in general at this point. The way that BTC.D affects Cardano, Floki, Namecoin, DigiByte, Monero, Stellar or Contentos is so different that we have to look at each one of these apart. Let me know if that answers your question. Namaste.
CRYPTOCAP:BTC.DLong
by MasterAnanda
3