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BTCD ANALYSIS / PREDICTION - RALLY vs ALT SZNImportant to keep an eye on Bitcoin Dominance. Alts have been doing great while it's trended lower, but now it's reached the bottom of a macro ascending triangle and looking for support. I've outlined 2 possible scenarios. One - BTCD rallies and continues to range in the pattern. Bullish for BTC, Bearish for Alts. 2. BTCD rolls over, and Altcoin season ensues. Indicators on the 1D TF seem pretty bullish for BTC, at least in the short term, but we'll have to wait and see how it all plays out. I don't think this bull run is over, but you have to shift focus from BTC to alts and vis-versa and keep an eye on BTCD and TOTAL2 market indices so you don't buy or sell at the wrong time. happy trades CD
CRYPTOCAP:BTC.D
by cryptodonovan
6
BTC.D Dominance IndecisionBTC.D has been in a decision phase for long time and between 17-22 Feb BTC .D Dominance will decide what to do next, because right now BTC .D is between the descending triangle and it's support, it has been squeezed between there lately, so the decision will be between 17-22 Feb. If Dominance starts to rise and breakout the descending triangle , we will see BTC making new highs and ATH levels (only one condition, market should not go into deep correction). If dominance decides to fall under 60 percent, then we will have the real beginning of an altseason which Ethereum leads. The only condition is that market should not go into deep correction, and money should stay and flow within the market. So the TOTAL and TOTAL2 graphs should have been also considered between 17-22 Feb.
CRYPTOCAP:BTC.D
by Kriptoteles
3
BTC.D - Bitcoin Dominance returning to previous bottomBitcoin dominance is nearly at a free-fall. Meanwhile TOTAL 2 Marketcap (the total altcoin marketcap without btc) is at its previous all-time high. We may see a very nice rise in altcoins here for some time, especially should BTC Dominance confirm the expected head and shoulders pattern. I think this is likely having exited its channel strongly with a poor attempt at re-testing a re-entry near the bottom of that channel. Though a 2nd re-test is possible. On the other hand, this may also mean we that are nearing the end of our bull run (within months).
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
2
Dominance Bounce Up Coming ? Btc.d #bitcoindominance #bitcoin itHere we see our daily Bitcoin Dominance chart .As you can see we broke red candles way below that regression channel ( the pink & blue box we were in ) and even broke below our green Ichimoku Cloud. We also hit a TD Sequential 9 in red ( those numbers you see under the candles ) and when we reach a red number 9 it usually means a reversal of trend is coming soon. Also we just touched down to our 200 MA ( dark blue line ! ) That's a strong support . And look at our rsi - it's down near 25 , so all indicators seem to say we will have some upside with Bitcoin. Does that mean it goes straight u ?NO ! Of course not ,This can take awhile and there can be many ups and downs along the way . And it's always possible this gets stopped at the top of the cloud near 68 but that will have to wait for further developments . Let's see what happens .
CRYPTOCAP:BTC.D
by shimmeringpath
3
BTC Dominance - We found support! BTC Dominance has found support at around 62% with a very nice bullish candle today. Will this hold? I think yes since BTC price action is also looking bullish while ETH is a bit bearish lately, hence, a good setup to see BTC shine again. See my ETH and BTC ideas for that linked below. The next resistance levels are on the chart, likely we can push pretty easily to 66%, after that we will see what happens. If however we lose our support (dotted line) then BTC is in trouble, but that seems unlikely. Indicators on daily are also starting to curve so another 2-3 green daily candles will re-ignite the bullish momentum on BTC dominance = BTC price goes UP and alts suffer a bit. Lets see how this day ends and then re-assess later. Like and follow if you liked this idea!
CRYPTOCAP:BTC.DLong
by DU09
7
Bitcoin Dominance (BTC.D) - Altcoin Season ComingUpdate from my previous Bitcoin Dominance (BTC.D) post where I called the 70.21% top and the wick of 72.04% before dropping, you can check it out in the related posts. BTC.D didn't see a single candle close on the weekly over 72.04% which is very good in terms of altcoin season coming as it doesn't look like it's going to go any higher. Previously in the fall of 2019, BTC.D also hit a high near the price it hit over the 2021 new year at ~72.04%. This looks like a classic double top pattern and at the moment BTC.D looks like its holding this uptrend, but could break it and start falling like the price did in 2017 for the 1st altcoin season. With coins like ETH/BTC popping off and making highs for the 1st time since 2018, this ratio looks very promising to dip. Also many other altcoins look like they're at their bottom & starting their reversal like LTC, XRP, XLM, etc.. to name a few. This is just an update from the post, called the top at 70.21% if it reverses down now. If the ratio falls and we see an altcoin season, which could be a possibility now that Bitcoin is already up over 50% since hitting its ATH, it could chill out around $30,000 - $40,000 as these altcoins find their previous ATH prices. Can't really trade the BTC.D besides understand the 'altcoin season index' but here are the levels i'm looking at for a reversal: 58.25% 53.30% 40.69% 35.75% As always please do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.D
by kyer
7
Will we get an Altseason like 2017?We finished 2020 with steadily recurring ATH´s in the Bitcoin price all they way back from the beginning of fall. Will BTC now have to consolidate for further growth to be realised? I believe so. This can already be seen in the Bitcoin dominance chart BTC.D. Now would be a primetime to accumulate more profits by investing in altcoins relative to BTC. These are my opinions only. If you want to invest in this market, make your own assessments in prior to investing. As Altcoins become more complex, and more investors that comes into the cryptocurrency market realize their true potential, The bitcoin dominance is bound to fall significantly. As you will see in my analysis, there is a head and shoulders patterns forming. if it gets completed or not depends completely on the growing hype of the coming altseason. We are currently in the weekly Ichimuku cloud. This makes it hard to predict wether we will break straight through, or if we will follow it upwards to complete the H&S. After this, my first percentage target will be in the 63% range. If we break down from this my next targets will be based on heavy historic support lines being: - 61,5% - 60% - 57,5% And lastly our peak will be at the 52% range. Keep in mind this is a very bullish scenario. Sell at this point. If this analysis helped you to make an asessment towards your investing portfolio, please leave me a like :-) Feel free to comment if you have questions or additional information i have overlooked. If you want my Altcoin recommendations please let me know in the comments Have a nice day :D - T.E
CRYPTOCAP:BTC.DShort
by Thommas99
4
ETH TOP 7TH FEBRUARY AND ALTS TOP 28TH FEBRUARY (COMPLETE)Here's an idea I had, it's all speculation but there could be some truth to it. Let me know what you think 2017 - 2018 BULL RUN - BTC CME FUTURES open on the 18th December 2017 - BTC tops around $20,000 on the 17th December 2017 - Alts then dump for a few days after around -40% - Alts then rise even harder from around 24th December 2017 to January 9th 2018 before topping 2020 - 2021 BULL RUN - ETH CME FUTURES open on the 8th February 2021 Predictions: - ETH tops around the 7th February 2021 - Other Alts then dump for a few days around -40% - Other alts then rise even harder from around 14th February 2021 to 28th February 2021
by cryptolid
18
ETH TOP 7TH FEBRUARY AND ALTS TOP 28TH FEBRUARY (PART TWO)Here's an idea I had, it's all speculation but there could be some truth to it. Let me know what you think 2017 - 2018 BULL RUN - BTC CME FUTURES open on the 18th December 2017 - BTC tops around $20,000 on the 17th December 2017 - Alts then dump for a few days after around -40% - Alts then rise even harder from around 24th December 2017 to January 9th 2018 before topping 2020 - 2021 BULL RUN - ETH CME FUTURES open on the 8th February 2021 Predictions: - ETH tops around the 7th February 2021 - Alts then dump for a few days around -40% - Alts then rise even harder from around 14th February 2021 to 28th February 2021 (I also have an BTC chart to go with this)
by cryptolid
BTC Dominance - BTC season is back? Some signs of recovery.BTC Dominance shows signs of returning back into a bullish trend. We seem to have found some support at around 66% and we've formed a descending triangle that may break-up. The indicators also show some bullish momentum, therefore the bias is long and remains so until we break our support line. This is quite interesting as it would indicate that we break the BTC pennant up (see idea linked below for BTC/USD chart). We should find out soon enough. It does make sense that the bull run in alts would face some profit taking which would naturally flow into BTC, hence changing the momentum in the dominance chart. Let me know what do you think? Like and follow if you liked this idea!
CRYPTOCAP:BTC.DLong
by DU09
3
Bitcoin Dominance Taking A Rest or About To Crash??Observing the Altcoin market over the last few weeks, we see lots of strength coming into the alts. We've seen several signs that Bitcoin Dominance is ready to pull back. However, will we see a pull-back OR a crash? The Dominance chart broke out of the bullish descending broadening wedge pattern, but now we see rejection from the historical resistance level of 72% - 74%. Support is below at the base of the wedge breakout at 65%, which perfectly coincides with the weekly 21EMA & 55EMA that should serve as support. We do not know if this will be major support or temporary before an even bigger dump below that level. "IF" we do see a weekly close below 65% in the future, that will signal potentially the biggest Altcoin cycle we've seen in many years. We'll wait for the market to show its hand over the coming weeks/months, and will react accordingly.
CRYPTOCAP:BTC.DShort
by CryptoSyphn
BTC.D trending lower!Hello everybody, I woke up this morning and was ecstatic when I saw BTC.D had finally broken down below 68%! We're getting amazing alt movement this weekend, so I hope ya'll didnt get shaken out of your plays. When looking at dominance, we are looking pretty good to continue trending lower. I do not believe its going to be a quick move down, in fact I believe, we will be trending lower in the near and mid term. Coins like ADA, DOT, LINK are showing us that theres much more to come, so please trade safe but dont get shaken out because I believe this will be an amazing year for us. Take some profits along the way of course, make sure you get your lady or your man a gift! When looking at the indicators we will have a new 2D and 4D later today, but since the red RSI is below level 50 on the 2D we will most likely hit the green lower BB around 66%. The green line on the 4D is below 50 as well so we will most likely hit the BB basis around 66% as well. Also lets watch our race between the 2D and 4D because if the energy on the 2D does not make it above 50 before red RSI on the 4D closes below 50, we will most likely trend lower for a while! Anyway, I hope yall are having fun and making some cash! Trade thirsty my friends!
CRYPTOCAP:BTC.DShort
by mr_willmedina
4