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BTC.D Oversold Bounce? | Alt Coin Pull Back? Firstly Happy Valentine’s Day and welcome to another Crypto Update! Today we will look into the BTC.D chart to identify where the greater market is headed. The BTC.D is likely to experience an oversold bounce which may lead to a probable pull back in the current ALT season. Points to consider, - BTC.D broke key support line - All key moving averages broken - Testing local support - RSI in oversold conditions - Stochastics trading in lower regions - Volume spiking The dominance showed a lot of weakness when the key trend line was broken, this initiated the overall Alt season. All key moving averages where broken at the same time, which puts more emphasis on the bearish projection. Current support being tested is a critical area; a bounce here is probable to cool of all technical indicators. Currently the RSI is in oversold conditions, historically this leads to an oversold bounce back into neutral territory. The stochastics is trading in the lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside. Volume is clearly spiking, confirming a true breakout of a key trade location. A break of this current support will continue with bear momentum. Overall, in my opinion, a bounce is highly probable from such oversold conditions. The BTC.D is testing critical support, if this does not hold, then expect a prolonged Alt season. What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee,
CRYPTOCAP:BTC.D
by The_Alchemist_Trader_
BTC.D looks weak. Thinking ALTSZN is about to come forthThis chart looks a bit on the weaker side. RSI trending down. 200w EMA didn't break out, and 50w EMA may also show some resistance. Too much excitement around other alts pumping (DASH, ETC, and a few others). Currently testing a year+ long bullish trend now, if that breaks (which I think it will), alts will start flexing. BTCUSD may too, but not as much. Then there is also the halving this year. I don't know how alts will react to this, being the first BTC halving I've ever witnessed. This is not investment advice. DYOR. Invest with caution.
CRYPTOCAP:BTC.D
by jbutler7
BTC.D: Don't Underestimate the TD Sequential 9 & 50 Week MAAs can be seen on the Daily chart using the TI Indicator, we are currently at the 50 Week MA on a Sequential 9. While the long-term 200 Week MA is sloping downwards (has a bearish posture), the 50 Week MA is rising (has a bullish posture). It's also clear from previous TD 9's, whether buy or sell signals, have been very reliable in calling short-term tops and bottoms. The RSI is also considerably oversold. I'm still bearish on Bitcoin dominance long-term, but remaining neutral as dominance is likely to find short-term support from current levels. It'd be reasonable to believe that dominance will retest the bear flag breakdown level, VPVR resistance as well as 21 Day MA around 66%, or even as high as the 200 Day MA at 69% that is now started to slope downwards confirming long-term bearish pressure. TI Indicator: tonevays.com Altcoin Dominance Eyeing Up A Breakout to 40% (January 2020) Cyrpto Market About To Bullcross: 50 & 100 Week MA (January 2020) Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:BTC.D
by dragononcrypto
ETH target $220! ALT - BULLRUN inbound? Dear traders and hodlers, Finally ... a new parabolic run incoming?! right now we see some resistance for ETH. I think we need to range one time more on ETH before taking off. Why? I think BTC.D is going to drop. BTC.D is now 15 days in consulidation and it wont go up. So conclusion.... if BTC.D goes below 66% we can see a ALT run up. ALTS are showing nice bottom bounces since years of time. Target ETH: My first profit target for ETH = $220 lets see how other (ALT)coins are going to pump. (or dump) it all depends on BTC and the dominance. Goodluck!
BYBIT:ETHUSD.PLong
by Mikki0416
(BTC.D) Altcoin Dominance Eyeing Up A Breakout to 40%With altcoin dominance closing back above the rising 200 Week MA last week, confirming Bitcoin's long-term weakness in market dominance, "ALT.D" (1-BTC.D+99) has again held the 30% support a second time and is looking for a breakout above 33.75% with a target to 40%. This would additionally be a TD Sequential trade on the Weekly chart with a Green 2 going above a Green 1, with oscillators (RSI, CMF and MACD) pointing to further upside. There will likely be some resistance and profit taking around the 50 Week MA around 35%, half way to the target, but I don't expect it to hold for long if volume continues to rise. The momentum would likely be too strong preceeding the confirmed trend change. Reward/risk: 2.1 Entry: 33.76% - TD buy signal and and new swing high since July 2019 Target: 40.7% - Previous support level as resistance and 100 Week MA confluence Stop Loss: 30.50% - Breakdown below the open of the 1 candle, 21 Week MA and into support range = bearish To me, this is a perfect trade. Previous altcoin dominance TA: Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:BTC.DLong
by dragononcrypto
Bitcoin Peaked? Prices Are Likely To Move LowerLooking at the Market Cap BTC Dominance (BTC.D) chart, it looks like Bitcoin (BTCUSD) peaked... Now, this isn't based on the BTCUSD chart, which can give us different signals but instead the "Bitcoin Dominance Chart". What the signals are telling us here is that BTC.D peaked, how's that? We can see a higher high when it comes to BTC.D, but the MACD and RSI are showing a lower high. There is a long wick on the last candle that closed. The RSI is trending down and the MACD isn't looking good. BTC.D can surely go higher, but first, a retrace is taking place. The first support that is sure to be tested is 69.98 or EMA10. A bounce can happen here just as it can continue going lower... Look at the arrows on the chart for the different potential scenarios. Thanks a lot for reading. Namaste.
CRYPTOCAP:BTC.D
by MasterAnanda
Bitcoin Dominance (UPDATE)Bitcoin's dominance continues to climb within the large rising wedge formation that began back at the start of 2018. As we can see, there is a strong overall trend between rising dominance and falling crypto prices. In the coming weeks, dominance will have to make a choice: 1) climb higher or 2) breakdown the trend. IF the trend breaks we'll likely see a resurgence in altcoin prices, and some kind of resumption of a bullish trend in crypto. However, the odds are that we will see the dominance go higher, which could take altcoins to new lows and drag bitcoin down with them as capital flight resumes in the sector. Overall, for 2020 I expect dominance to push 90% before tapering off as we move into 2021. This is consistent with one of my bitcoin models that shows the end of the crypto bear market around the beginning of 2021. PS. If you found this idea useful/interesting be sure to follow me on my Twitter account where I post more frequently. The link can be found on my TradingView profile or @ErikFertsman.
CRYPTOCAP:BTC.DLong
by Trader6127
4
Altcoins Looking Very Bullish, According to This ChartThe OTHERS.D chart is showing massive bullishness for the altcoins. This setup can lead to a very strong jump or to a small retrace followed by more sustained growth. Right now I am seeing that this trend will continue but this can easily change. We remain open to market changes and adapt as soon as they come. Thanks a lot for reading... Here, a few more charts: Why Will Bitcoin Grow Now? Why The Bulls Will Win! Polymath Ascending Triangle | Can Grow 100%+ In One Swing Steem Starting To Roll | Easy 55%+ On The Next Impulse Tezos Is Getting Stronger | Now Above EMA200 | Next Target! Verge Looks Really Good | Strong Chart | 50%+ Easy Aave Has Grown by 630%+ And Wants To Go Higher | Is It Possible? GXChain Imminent Explosion Ahead | How Far Up Can It Go? Namaste.
CRYPTOCAP:OTHERS.D
by MasterAnanda
3
BTC Dominance - BullishBitcoin was in a long forming wedge pattern and has now broken out of it. I have two key targets: - The 0.618 Fib at 71.30 - The measured move (conservative measurement) at roughly 72.4. At the moment BTC is likely to cool off before its next leg up, so BTC.D will explode with it. I wouldn't be surprised to see around 73.5 be reached. The Monthly is going strong in its parallel channel. - Recent bullish cross on 10MA and 21EMA -> signalling continued bullishness. - Bouncing off the heart-line of the channel.
CRYPTOCAP:BTC.DLong
by olleyy
Rising wedge $BTC dominance. - Mini ALTSEASON upcoming? Rising wedge BTC dominance. - Mini ALTSEASON upcoming? Right now BTC dominance is breaking the 68% region. If the breakout continues i think we can see some jumps in the Alt list. Maybe for a short time. But we all know like ripple can do a lot in a short time. Maybe 50-100%. BTC.D needs to hold the lower white line to continue BTC bullrun. If it breaks i think BTC will fallback to maybe 6k or 5.8k and we will see a MINI altseason. I think that scenario is very unlikely because the white line is really respected so i expect a massive buy volume at that point. Lets see what happend the next days. Below 68.00 is a small alt breakout but no panic. Goodluck. Like , share and follow me. Leave your idea.
CRYPTOCAP:BTC.DShort
by Mikki0416