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2020 Dominance Channel BTC.D #btcdominance #bitcoin $BTC #cryptoHere we see our Btc Dominance chart . As you can see we have been in the same regression channel for all of 2020 . That pink and blue box on the chart is a regression channel indicator. We are also about to hit a TD Sequential 9 in green ( that's those numbers you see on top of the candles . ) When we hit a number 9 in green on November 20th we then saw steep downward dumping happen and I expect the same will happen again . If this channel seems like it will be continuing into 2021 then we could see an altseason on the way when Bitcoin Dominance starts to go down .Also notice that rsi is about to wick up to that red line - again there should be a turnaround there soon too.
CRYPTOCAP:BTC.D
by shimmeringpath
7
BTCD - Well, well, well - is this it? BTC season confirmed?Looks like BTC has decided where we are headed and it's called BTC season! Once the week closes above the pennant, we will have confirmation and likely retest the breakout and push higher towards 70%. What does this mean? The bull market rally in 2021 will be led by no other than the king of crypto - BTC. How will alts behave? They will struggle to keep up as long as the dominance of BTC increases, however, as soon as BTC reaches a top, most probably around 80%, then alts will shine. That does not mean alts wont pump, they will, but in this scenario, you want to have most of your exposure in BTC. Like and subscribe to stay updated.
CRYPTOCAP:BTC.DLong
by DU09
Bitcoin Dominance Downtrend, Big Altseason ComingBitcoin dominance is in a downtrend in the weekly chart. We have not seen such a downtrend after the epic bull run of 2017. The next 2 weeks are the deciding weeks and we see a good rise in altcoins. Bitcoin is also trading in a range of $18,000-$19500 from the past few days. That will give some air to alts to rise. Bitcoin dominance should break the 60% level after that we see a huge rally in alts. Hold your alts tightly, A big wave is coming.
CRYPTOCAP:BTC.DShort
by Bitcoinik
4
BTC.D & How it Drives the ALT Market BTC.D negatively correlated with ALTS Wave 5-A dump of BTC.D happened when XRP pumped up almost 200% on Nov19 (Check for yourself) BTC.D in a large 1,2,3,4,5 ABC Elliot Wave Formation Now we see BTC.D being rejected at the 50 Fib level of wave A According to Elliot wave theory the size of wave B is either the 50 or 61.8 fib level of wave A Therefore potential for BTC.D to rise once more to 61.8 fib level which will cause ALTS to go down some more OR , BTC.D will go into wave C now which will lead to major rise in ALTS Alts dump related with BTC.D A-B wave The size of wave C is very big and the movement of BTC.D is about 4X the movement compared to major ALTs - XRP, XLM, OMG, DASH, Eg, 1% movement of BTC.D is approx 4% move for XRP Wait for Wave B to finish with clear red candles down towards C area, by that time you will see ALTS start to rise dramatically, thats when you get ready to long. For now you could put in some small orders on ALTS but dont go in too much yet because ALTS could fall down once more before the breakout... GET READY TO LONG ALTS! Out- WineTrader888
CRYPTOCAP:BTC.D
by WineTrader888
1
btc.d is about to do a top outBTC.D is about to hit the top of the channel, which should give alts some relief. Lots of new money has come in to the market but most of it went into Bitcoin. It would be a good time to start laddering into some alts. The R:R ratio is good and capitulation is setting in. Market psychology is saying to dump alts and a majority feel the same way, which makes it an ideal time to get a small rally going. We need BTC to stay above 11.6K, which would confirm support of a Bull season (ideally at the end of November (monthly candle), to be on the safe side). Once that is confirmed, I would go all in on the top 15 alts of your choice. The return of profit would be highly probable at that juncture. Good luck friends, we are in bull territory already, just need that confirmation!
CRYPTOCAP:BTC.D
by marcopolo7
1