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My Idea | BTC.D | December 20th 2021Another idea for the public. This time we look up for BTC Dominance on the market. As we can see, the dominance of BTC is decreasing as the other coins / tokens pops up to the market. And, the market seems to response this by searching (or creating) "the next bitcoin" as we may remembered this phrase many times we've heard since the crypto popularity after the China ban hammer. But, as many as "the next bitcoin" shows up, most of them failed, but some of them i.e. ETH and BNB adapt and dominated the market after BTC. My concern for BTC, the domination will be rising for early next year, though we never know for sure. That's for the BTC.D analysis. Hope the best for the market. *This is not some sort of a signal to buy or sell. Your money your responsibility.
CRYPTOCAP:BTC.D
by aldyhelnawan003
BTC.DAltseason coming ?? ..........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
CRYPTOCAP:BTC.DShort
by Crypto-IR
2
BTC demand zone shows the full pictureBTC is losing 50k support, making lower highs, bearish volume , ALTs are dormant but BTC dominance is holding 40% support for now. S&P500 strong but also DXY strong = mixing signals. As per chart, 2 possible scenarios are coming: 1. green line - retest of demand zone for BTC 37k-42k or just more swinging time while ALTs drop and Dominance climbs - and then a clear pump and breakout of the down trend towards 50k-55k 2. red line - bearish pattern continuation with a fake breakout and then a further crush towards demand zone 37k-42k. Trade safe, avoid high leverage. CCC.io
BITMEX:XBT
by CryptoCoinCoach
1
BTC.D - is the altseason coming?A lot of people are asking about bitcoin's dominance. The bitcoin dominance chart shows a descending triangle, which usually breaks downwards. Target = height of the triangle. If the pattern works out, the dominion could go down to level 31. A breakout of the triangle's lower boundary will likely trigger an alt-season. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
CRYPTOCAP:BTC.D
by Yuriy_Bishko
10
Bitcoin Dominance (BTC.d) finishing wave IVFirst, Bitcoin Dominance is bullilsh for altcoins. Bitcoin Dominance does move in Elliott wave patterns. Which one might not expect, as it is a 0% to 100% chart of market caps. Bitcoin Dominance (BTC.d) is finishing up a wave IV corrective ABCDE triangle pattern. Leading diagonals are not allowed as any of the legs of a triangle. But, I can't figure out a way around that, so just living with it, as the pattern overall seems clear. The E leg is coming up. It is common for the E to do an underthrow, so don't be surprised if it does not touch the line. Then altcoin season starts when BTC.d plummets. How far down? I do not know, so I put a standard 1.0 to 1.618 fib (of the wave I) as possible end. If you want to have some fun, copy this chart to yourself. I set it to "Share". And add TOTAL2 (choose separate scale). Then you can see how the altcoins react as compared to the BTC.d chart.
CRYPTOCAP:BTC.DLong
by gz1968
3
Bitcoin dominance is falling despite market crashThis is an interesting development of the Bitcoin dominance considering that the markets were all crashing. In the past most crashing events led to a sharp rise of the Bitcoin dominance while Altcoins were dropping much harder in comparison to Bitcoin. Seeing this could actually mean that we will see a break-out to the downside of the 40% range soon that could lead us to 30-35% levels once momentum is picking up. Generally, one should still be careful trading this setup as markets are reacting strongly to Evergrande's potential defaulting & the sharp rise in cases of the omnicron variant. Good luck with your trades! Do not consider this as financial advice.
CRYPTOCAP:BTC.DShort
by UnknownUnicorn3707027
4
BTC.D Analysis on Daily Time FrameBTC.D is looking good now, after the correction that we have seen since 20th October top, also a sell signal on Falcon CCI Indicator on Trading View. BTC.D, retraced to 61.8% levels, an important fib level, - does this mean this is Wave 2? I am not big fan of Elliott Waves but if this is Wave 2, then it will go up in Wave 3 to 161.8%. The target that I have set for this is just below those levels to around 51%, a very likely scenario considering Macro factors of inflation the news, and how new companies, countries and governments are adopting, obviously with some laws and framework - read India and Australia's recent cyber summit. Not getting in too much details here, I think BTC.D is about to reverse, some key points for those will be Falcon CCI entry signal, a crossover that I always check. How to trade, BTCUSDT is the key here, once this reversal happens then I will look at upside till the weekly resistance - do your homework and find that level. All the best! Don't forget to follow me on twitter, telegram and everywhere.
CRYPTOCAP:BTC.DLong
by Falcon_Trader_1