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Btcdom

$BTCDOM/USDT 30m (Binance Futures) Ascending channel breakdown#BitcoinDominance broke-down locally and is likely to retrace in the coming days. 50MA seems to be acting as resistance now, that would be a good thing for altcoins relief! Current Price= 1113.8 Sell Entry = 1116.2 - 1128.8 Take Profit= 1073.0 | 1025.2 | 992.5 Stop Loss= 1162.2 Risk/Reward= 1:1.25 | 1:2.45 | 1:3.27 Expected Profit= +17.64% | +34.68% | +46.32% Possible Loss= -14.16% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 4x Estimated Gain-time= 5 days
Short
by TradingOn
2
BTC DOM (UPDATE) - Alt Season Is Officially Here The last major support is broken and BTC dominance is tanking at rates not seen since last bull run - highly unlikely we will go down all the way in a straight line so expect some sort of bounce, as to where that will be is hard to tell as there is basically 0 support until 35% so it will rely entirely on the natural market movements. Getting to the lower part of the channel its been respecting for a couple of months - if we see a break it will only drop at a faster rate. SEE PREVIOUS BTC DOM POSTS
CRYPTOCAP:BTC.DShort
by spookyblackfly
1
Bitcoin Dominance Ready To Take The Plunge?This is an update to my previous chart... Observing the Altcoin market over the last few months, we see the alts have made some incredible moves. We've seen Bitcoin Dominance teetering on the edge over the last 6 weeks. The question is, are we about to see a Dominance crash? Last year we saw the Dominance chart broke out of the descending resistance line and got rejected from the historical resistance level of 72% - 74%. It's been flirting with the 60% support level and now, we've finally poked through below. We do not know if this will cause a crash or reversal at this point. "IF" we do see a weekly close below 60% in the near future, which 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. There are 2 ways of looking at this chart, I'll post another chart below that shows a cleaner look at things.
CRYPTOCAP:BTC.DShort
by CryptoSyphn
BTC.D : Good news for ALTS CRYPTOCAP:BTC.D Hello everyone 😃 BTC.D is at pressure zone. This zone will holds BTC.D for couple of days ! This will make space for ALTS to fly... BTC.D will being uncertainty in this zone. 📌 Also ACC is slightly bearish ( Kinda neutral ). It's a good time to buy ALTS such as : TOMO , BAND , LINK , XTZ , SXP , AVAX , DOT , ETC , EOS and SRM. 🔴 Or it could be a pullback zone for BTC.D :)* Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
CRYPTOCAP:BTC.D
by Helical_Trades
20
Bitcoin Dominance: Will the Alt Season continue?Looking at the chart on the 18th of December 2017 we see the start of of a bearish close on the BTC .D. At this point we seen many alt-coins continue to grow massively in value against BTC starting one of the most parabolic bull markets we have ever seen. It is important to note that as of today the BTC .D is now pushing through that level once again, if it can stay below this area it will be a positive sign for Altcoins. Below i will give a brief explainer on Bitcoin Dominance. ____________________________________________________________________________________________ What is Bitcoin Dominance? (BTC.D) Bitcoin Dominance measures the total % of the Market Share that Bitcoin control of the Cryptocurrency Market. As you can see BTC.D is currently hovering just under 60%, which means 60% of all the money inside the Cryptocurrency Markets is currently in Bitcoin. If we start to drop lower then 60%, this can give us a potential clue that more and more money is flowing out of Bitcoin & into other Cryptocurrencies! ____________________________________________________________________________________________ By observing the Bitcoin Dominance, as a general rule: When BTC Dominance rises, that means money is flooding out of alt-coins and into Bitcoin , usually in highly volatile times. When BTC Dominance consolidates it is a possible sign that money is moving is flowing between the alt-coin and Bitcoin markets and this is the best time for you to be trading alt-coins as-well as after the BTC .D has a major sell off (signifies that money is flowing into other Markets). ____________________________________________________________________________________________ Example of Inverse Correlation with Altcoins: For comparison i have attached a chart of XRP & ADA two popular altcoins, so you can see at the same time Bitcoin Dominance was starting to drop, (November 1st 2017) many altcoins started massive bull trends at the point of the BTC .D Sell off. ____________________________________________________________________________________________ Thank You For Reading If you enjoyed the insights you can show your support by commenting & liking - below i have linked another idea for reference!
CRYPTOCAP:BTC.D
by Worth_The_Ri5k
2
ETH / BTC Long: BTC Dominance Weekly Flipped = ETH / BTC WeeklyWhatever Bitcoin Dominance does, Ethereum will do the exact opposite, proven over time. At the top is Bitcoin Dominance weekly chart, flipped upside down. Below is ETH / BTC weekly chart, normal. Should BTC Dominance break down here and complete its head and shoulders pattern, Ethereum / Bitcoin pair will complete its HSi and move up dramatically in the same way BTC.D moves down. I'm bullish on ETH vs BTC, I think we'll reach at least a ratio of 0.05-0.06 BTC per ETH, with a possibility to re-visit our previous all-time high and potentially break through to 0.2.
CRYPTOCAP:BTC.D
by dudebruhwhoa
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