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Bitcoin Dominance (BTC.D) Almost at 2017 LowThe Bitcoin Dominance ratio has been falling under our noses this year starting from the peak at 72.04% during the 1st week of the year, the week of Bitcoin's birthday. From this point, the entirety of 2021 has been Bitcoin losing its dominance to ETH and BNB to what appears to be Binance Coin mimicking what Ethereum did in 2017 with the ERC20 tokens but a bit better because of the low fas fees. Users in 2017 would trade cryptokitties on the Ethereum blockchain which at times would cost upwards of $20 to send a virtual kitten to another wallet, while traders today are creating Binance Chain smart tokens and projects for ~$1 and able to send those tokens to their friends for a fraction of what is possible on the Ethereum network. The use case for the BSC network, Ethereum, as well as other leading smart contract platforms is at least 10x what it was in 2017 (and 10x is being very humble) so it only makes sense that new investors are piling on board these smaller capped coins and eating the market cap share away from Bitcoin. Altcoin Season 2021 is almost wrapped up and is going to be completely finished once it wicks the bottom level at 35%. Every altcoin has basically 1000%+'d in terms of the BTC ratio and the money has been made. If you HODL'd through 2020 and 2021 you made a bag and congratulations. Even coins like MATIC and THETA rose 15,000%+. The only altcoins that haven't hit their BTC ratio or gone up in the slightest yet are XRP and XLM which is very strange considering their use cases fix the fee problem found in ETH and now BNB even the network is becoming clogged. I believe this altcoin season is going to finish out and will be over right under our noses and when this ratio hits 35% and bottoms out, that will be the time XRP & XLM hit their highs in terms of the BTC ratio then the season will be over, show is over for the time being until the next altcoin season cycle. From this point, this doesn't mean that BItcoin is going to go back down to $3,000 and the show would be over. All this altcoin money has to flow somewhere and that money is going to flow into the larger capped coins like BTC, ETH, and BNB. I believe these are the 'store of value' coins besides ones like LTC and XMR for their scarcity and privacy features. Bitcoin and the leading blue chip cryptos are going to increase dramatically in price after all of the billions of dollars in useless tokens flow into coins with real use cases. It is only a matter of time before the narrative switches from all the new traders investing in Safemoon, other BNB tokens, and moonshots to find coins with fundamental value for the long term. The entire altcoin market is overbought and personally I would not touch any altcoin to the USD ratio or BTC ratio for the long term with a 42-foot pole. The only ones where I can find value in this overbought market is in XRP & XLM. There should be zero reason why Elon can pump Dogecoin well beyond the market cap of these 2 coins and even surpass legacy companies like Ford & Kraft Heinz in mkt. cap with something that was created in 2 hours. I'm not mad i'm just disappointed in the lack of ability to find fundamental value and yes I am a value investor and getting outperformed by my friends mindlessly investing in Doge doesn't feel good and I want to FOMO in so badly but bite my lip and HODL the value. Now is not the time to buy Doge, you are buying top and Elons bags. He has $15B worth of Doge in a single wallet and controls about 30% of the network. Buy Bitcoin. Bitcoin is almost at its 2017 low after the altcoin season was over. Everybody and their mom right now for the past 3 months has been screaming NFT, Safemoon, Cummies, BSC, what about alts? The focus has been away from BTC and if you want to make money you need to trade against the crowd, let everybody trade their safemoon while you HODL the real value. At some point all the altcoin money needs to transfer into somewhere. Investors probably won't want cash besides their lamborghini so they're going to invest it into Bitcoin. Bitcoin is Gold 2.0 and is going to go for a tear after altcoin season is over. However, while the lights are still on at the party make as much money as you can against the BTC ratio to stack more sats for the long term. Thank you for reading this update to the Bitcoin Dominance ratio and would love to hear your thoughts below!
CRYPTOCAP:BTC.D
by kyer
16
BTC Dominance. P-Modeling Pt 3. The Holy Grail of Cajun SpiceWelcome Hyperspace Travelers. This is a continuation of BTC.D from 2019. Please start here to see how this idea has evolved. Previous Decoded failures: (Pay attention to structure validity). Press Play and scroll for last updates. Part 2: Excellent Time-Series Validations in PT 3. Both active. Technical Stuffs: Double Nestled Cup and Handle Formation with Orthogonal Phase States. Timeframe 2015-2021 Linear Root w/ Wave Satisfies 0-A-B-C -IN- Linear Root w/ Wave Satisfies C-B-A-0 -OUT- w/Junction at Dominance Low. Nestled Cups has Cypher Validation X-A-B-C-D D- of Cypher Ends Nestled Cup. End of Nestled Cup results in upward movement as expected with a cup/handle formation. Root Vector Defined by Yellow Focal Cup Handle Baseline is 94% Dominance by BTC . Equalization is achieved by Dominance Reset. Multi-Harmonic Validated Handle Root Potential Absorption: 98% in BTC MAX. Scam wick central. Bitcoin to 1000-1500 is achieved with a bitcoin dominance of 94%+ and a total market cap loss of over 1.6+ trillion from current levels. Current BTC price is $45,000. Alts will see a decrease of 95% on avg . This is also due to complete total market cap loss + rise in BTC.D. Target Market cap strike between 80 and 150 billion. Current: 2 trillion BTC dominance increase with Total Market Cap decrease leads to black swan-like event across entire market. In order for BTC.D to go to 94%, we would expect to see a mirror-like move in BTC.USD. This is what it would look like on Macro. ________________________________________________ Trial Three. - Simply shift over Glitch Channel till you find the R000T. Add some shifted linear's, and voila! Surreal Harmonic Validation of ecosystem. Fail or Success? Failure is a necessary component of success. Come for the laughs, stay for the Art. ___________________ Think in Loops. Think in Strings. Begin to connect them. You see weird things... Oof. Tis so Pretty.. But is it functional?... That is the question of the day. Bet your ass, I am shorting this again into the ground. Despite my previous failures. Thanks for Pondering the Unknown with Me, Glitch420 *Disclaimer: If you seizure prone, turn the brightness all the way up for extra eye bleed. This is financial advice.
CRYPTOCAP:BTC.DLong
by Glitch420
12
The altseason goes on, BTC dominance to fallThe altseason goes on, BTC dominance to fall As Hybrid Intelligence predicted, Bitcoin dominance declined as ETH and altcoins (DOGE!) outperformed the first cryptocurrency. As usual, we’ve posted a question about the overall crypto market cap: “The cryptocurrency Market Capitalization settled at 2242B USD at 12:00 PM UTC on Wednesday, May 5. Will the Market cap climb above 2410.2B USD (+7.5%) earlier than drop below 2073.9B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 81% The market cap is set to go up according to Hybrid Intelligence. Our second questions is specifically about BTC dominance: “Bitcoin crypto market share settled at 46% at 12:00 PM UTC on Wednesday, May 5. Will Bitcoin's market share climb above 46.92% (+2%) earlier than drop below 45.08% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 9% Clearly, Hybrid Intelligence expects the BTC dominance to continue to decline. This means the altseason continues.
CRYPTOCAP:TOTAL
by Cindicator
1
Bitcoin Dominance - Repeat of the patternHello, Traders! Bitcoin's dominance has been slipping since the beginning of the year until now. Many coins have rapidly risen in the following the oldest crypto asset. In April, Bitcoin's dominance decline accelerated, and at the moment, its price value has fallen below 50.12 Two time periods are shown for comparison: - 2020 & - 2021 The price value is in the 46.05-50.12 zone, which was the point at which altcoin prices reversed downward in 2018. It is also noticeable that the RSI indicator on the daily timeframe has been in the Oversold Zone under the 30 level for more than a month. We need to be extremely careful and fix profits on the recent purchases, as well as not to enter in risky assets more than 50% of the trading deposit. Enjoy your trades! P.S. This is an educational analysis that shall not be considered as financial advice
CRYPTOCAP:BTC.D
by UnknownUnicorn10064030
11
BTC Dominance possible bounce scenario (just a possibility)Fractal taken directly from when we reached this support zone in the last bull run and saw multiple bounces over the course of many months. The RSI indicates that this is a possibility as right now BTC dominance is undervalued by a few % - every time we have seen this we have seen a bounce. This is not the scenario we want as it means we likely won't see a full-blown alt season for many months (October according to this analysis). Personally, I do not think we will see something like this happen, we may see a bounce or two however I am expecting a drop below that support line in May.
CRYPTOCAP:BTC.D
by spookyblackfly
Altseason continuesThe total crypto market cap recovered to above $2 trillion and many assets recouped their losses from the latest dip. But the dip and the recovery that followed brought BTC dominance to 50%, a level unseen since 2018. Our regular question to Hybrid Intelligence illustrates the view on BTC dominance: “Bitcoin crypto market share settled at 50.34% at 12:00 PM UTC on Wednesday, April 28. Will Bitcoin's market share climb above 51.35% (+2%) earlier than drop below 49.33% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 69% That is a rather uncertain indicator, certainly not bearish (i.e. dominance unlikely to drop lower) but also not strong enough to be considered bullish. It could be interpreted as that dominance will stay within this range between 49% and 51%. Meanwhile another regular question sheds light on the overall trend: “The cryptocurrency Market Capitalization settled at 2039B USD at 12:00 PM UTC on Wednesday, April 28. Will the Market cap climb above 2191.9B USD (+7.5%) earlier than drop below 1886.1B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 88% That’s a bullish sign. The overall market cap is set to increase and given relatively low BTC dominance, it will be driven by other crypto assets. So the altseason continues.
CRYPTOCAP:TOTALLong
by Cindicator