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Btcdominanceanalysis

#BTC Dominance following the path! Part IIWelcome to this extensive analysis BTC Dominance. If you are reading my updates for the first time, make sure you follow me if you want the most complex charts Explained in the most simplified manner. I also post margin and futures trade setups. Now, let’s get to the chart. BTC Dominance is following the previous chart so far. Although there's some initial rejection at the red zone. A break above that red zone is likely which will take us to 45.5% range. A rejection at that point could result in fireworks across the btc pair altcoins. For now expect some more bloodbath in Altcoins till dominance reaches the legacy trendline resistance which will eventually give us some good buying opportunities. We will asses our strategy to enter altcoins when we reach there. It's better to wait for now. Invalidation:- Daily close below the blue MA. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
2
Will bitcoin dominate 2022!?Guys, before i start this analysis I believe BTC.D is a LONG in the short term till it hits about 45% as that is the resistance of the downtrend channel that is visible. I'm guessing it will happen in about a month. Anyways, this chart shows that a bearish divergance is getting created on the weekly timeframe. Right now it kinda got created but its very small and not visible yet. Once BTC.D reached 45%, the bearish divergance will be huge and visible and that will cause it to dip and A BIG ALTSEASON IS WILL BE TRIGGERED TO START!!! Look at my ADA/USDT and ADA/BTC analysis to see why I am accumilating ADA for the altseason and DYOR. I am not giving financial advise this is just my ideas of ADA being ready to prove all the haters wrong of it having become "trash". DYOR DYOR DYOR!
CRYPTOCAP:BTC.DShort
by blz_legend
#BTC Dominance ALT SEASON in Q2 Possible? Here's Why!Welcome to this extensive analysis of Bitcoin Dominance If you are reading my updates for the first time, make sure you follow me if you want the most complex charts Explained in the most simplified manner. I also post margin and futures trade setups. Now, let’s get to the chart. BTC Dominance bounced and pumped almost 4% since the last chart. Expected this growth and asked you not to go long on BTC pairs. Hope you listened. The charts show potential for more growth in BTC Dominance. Once we hit the legacy trendline resistance, a rejection will cause rallies across the market in BTC pair altcoins. This is why I expect a nice second quarter, especially for Altcoins. CONCLUSION:- Bitcoin Dominance should rise to almost 45.50% We will see later whether it breaks the long-term resistance or gets rejected from there. It's early to come to a solid conclusion. Close above that level means BTC will hit new ATH and Alts go cheaper. Invalidation:- A close below 50D MA will invalidate this chart. What do you think of this chart? Do share your views in the comment section and do not forget to hit the like button. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
3
Bitcoin Dominance At Crucial Level!!Doing an update on our Bitcoin Dominance chart on the 4H timeframe, some of you may recall from my last TA on BTC.D i talked about a possible reversal in and around the current spot price action is sitting, we cut through the 40.50% level today and are currently pushing the downtrend resistance line. Bitcoin had a small pump than a massive dump today clearly institutional candles and that is a definite factor here for BTC dominance. What we are looking for here is a close below the downtrend resistance line and a reversal back down, in my opinion we are overdue for a decent sized correction here for BTC.D we have been pumping like crazy in turn keeping the crypto markets down, if we do by chance continue to see bitcoin dominance climb the goal will then to be a reversal below our previous high at 41%, this would be a confirmed lower high which is a bearish scenario and would be great for the altcoins and markets overall. Checking out the bollinger bands there is definitely one thing that i don't want to see and that is a climb up and push to that top band, closing ontop of here will likely trigger an explosive run to the upside and the chances of that crushing the market further is pretty high, on BTCUSD we are long overdue for a pump up and an uptrend and on BTC.D we are due for a correction of some sort. The RSI has crossed over the yellow simple moving average which was resistance and we are now beginning to climb into the top overbought zone or sell zone and this is where theres a good chance of the RSI reversing aswell as price action, the longer goal for the RSI is definitely a push back down and below the midline, we need to regain a confirmed downtrend once again too see some nice price movements from BTC and the rest of the market! Not financial advice just my opinion
CRYPTOCAP:BTC.D
by JacobR905
Bitcoin Dominance Reversal on the Horizon + Upcoming Altseason!?Taking a look at our bitcoin dominance on a 4H timeframe we rebounded off the 39.40% level where everyone thought altseason was about to be on the rise, we have climbed all the way back up to the 40.28% level currently but i am looking for a drop and reversal sooner than later. We have downtrend resistance coming from the high around the middle of december, this resistance lines up directly with the upcoming 40.50% level, also realize that this resistance level on its on is very heavy and hard to break through, I am expecting something similar to what i have drawn out, looking for a lower high which would be valid anywhere below our recent high, but think is the 40.50% level is a likely spot for our PA to reverse. Afterwards if this does play out we want to see a continuation of lower highs effectively putting us into a downtrend. This is the ideal scenario for the altcoin market but the real explosive price action will happen once we have a confirmed break below the 39% level, the 2018 altseason peak arrived around 35% BTC dominance and just based on the shear growth of all of crypto i expect a much larger scale altcoin season at some point and hopefully soon! Looking at the bollinger bands this gives me hope that we are going too see a cooldown and reversal soon, we have been riding the top band explosively for the past few days and if we do continue this we should realistically be looking at it coming to an end somewhere inbetween 40.29% and 40.50%. The RSI is currently hitting resistance right below the overbought zone and we are beginning to curl to the downside, we have upcoming support from the yellow SMA which might catch us briefly but the main goal here is that midline i always talk about, getting below this level and holding below confirms a downtrend which is fantastic for alts. The wave trend is seeing somewhat of the same thing aswell, we are beginning to curl to the downside after seeing a steady wave to the upside, looking at almost every wavetrend top we have seen recently we have come all the way back to the bottom buy zone and i don't see us having any different outcome this time around, we had a pretty vertical jump up with barely any downside so i am expecting more of the same thing when we come back down! Not financial advice just my opinion!
CRYPTOCAP:BTC.D
by JacobR905
3
BTC.D - ALTSEASON IS COMING! PAY ATTENTION!Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything is according to plan. I don’t know if wave (e) has already been set or we will only start to form it now, in any case, I’m waiting for the fall of bitcoin domination, we will confirm the fall by breaking through 40%. Target zone 35-33% and possibly 30%. There I will sell altcoins and go to fiat. cancellation of fall, consolidation above 46% Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
CRYPTOCAP:BTC.DShort
by trytofeelpositive
24
BTC.D - SAY "HELLO" TO ALTSEASON :)Hello friends. Please support my work by clicking the LIKE button 👍(If you liked).Thank you! Everything is according to plan. Nothing has changed from my last idea. Target zone 35-33% and possibly 30%. There I will sell altcoins and go to fiat. Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
CRYPTOCAP:BTC.DShort
by trytofeelpositive
15
Altseason Almost Here!!!Taking a look at our bitcoin dominance and we have just recently broken right through that crucial 40% mark and that is a huge deal for the altcoins, realistically we should start seeing some explosive price movements going forward across the board. We definitely want to see our daily candle close below the 40% line as it would be very bearish and with that bullish for altcoins. A close here opens up the door for a breakdown to our first support at aprx 39.5% and then our S2 support which comes afterthat, either way any price action going forward that continues to drop is very positive for the alts! The bottom band on the bollingers as you can see is just below us we actually wicked onto it, the door is open for us to grab onto here and to see a big fall in domiance, historically closing ontop of this bottom band leads to explosive bearish price action just like we want! The RSI is getting crushed fairly badly and thats another great sign going forward, the RSI getting stuck below the midline signals we are in a confirmed downtrend which of course is positive for the altcoins. The interesting thing here though, is that we have tons of heavy resistance above us and it appears they are going to be pretty tough to breakthrough, we have the SMA which we are now below(BEARISH) and then we have two overhanging heavy lines of resistance that will take quite some time to break i personally think! Overall looking very good for the altcoins and if we see this trend continue moving forward we could be leaping right into altseason where i expect to see some explosive massive gains! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
#BTC Dominance looking bullishBTC dominance is looking bullish according to it's chart structure. Bullish movement: Close above 41.8 with retest can be bad for altcoins. If this happen then BTC dominance can reach till 49. Bearish movement: Close below 39 is required for altseason. If now BTC take correction with high dominance then altcoins can take exponentially correction. This is not any kind of financial advice. Do your own research always before any kind of investment. Do not forget to like and follow for support.
CRYPTOCAP:BTC.DLong
by Furqannasir1
2
BTC Dominance: Alt Season Coming!Hello friends, today you can review the technical analysis on a 1W linear scale line chart for the Bitcoin Dominance. I generally look at candlestick charts, but for presentation purposes, a line chart is used. 1) The BTC Dominance has been respecting a Parallel Channel since the May 2021 crypto market correction. 2) Also there is a Bear Flag Pattern that has formed in the charts. This pattern's target is usually the length of the flag staff. 3) Since the RSI (relative strength index) recently broke a key support line, it may go back up to re-test the trendline before falling further. 4) With the potential increase in RSI, the Bitcoin Dominance may go up as well before a drop down. 5) If the Bitcoin Dominance falls to the target, it could result in potentially the biggest Altcoin Season. 6) If Bitcoin Dominance breakout above the Parallel Channel, it could invalidate this idea. 7) This is a weekly chart so don't expect anything to happen quickly. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:BTC.D
by MillionaireEconomics
4
BTC.D - season of making moneyHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. I don’t know if wave (e) has already been set or we will only start to form it now, in any case, I’m waiting for the fall of bitcoin domination to the area of ​​29-32%, we will confirm the fall by breaking through 40% Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas!
CRYPTOCAP:BTC.DShort
by trytofeelpositive
2
Altseason on the Horizon!!Bitcoin dominance is once again falling after what looked like a possible reversal to the upside of this descending channel, i predicted that we would see a push up to the top of the channel before then bouncing off and continuing the downtrend. We are looking very good as far as the altcoins are concerned, everytime BTC dominance falls the altcoins get a boost and in my opinion we are not even close to the full blown altseason i have been talking about, honestly due to the fact that in the 2018 altseason peak we had a BTC dominance of aprx 35% and as you guys can see we are very far off that number, another great reason is because of the shear growth of crypto and altcoins in general, back in 2018 is was pretty rare for people to be involved in crypto and if they were it was likely in Bitcoin, the growth and adoption of both BTC and all the altcoins has done tremendous numbers and just based of that there is good reason to believe that this altseason will be the largest in history. Lets take a look at some key indicators, the first is the EMA Ribbons, this indicator is a slow mover and shows the strength and momentum of the bears and bulls, and in this case where our red ribbons are ontop of the green we are measuring the bears momentum. This indicator has not even come close to its full effect we are just getting going, that is due to the fact that the ribbons are still very compressed together and the more and more they spread out the bigger the momentum is. If you go back on the charts and even look at the bullish cycles of this indicator you will notice that the ribbons are not even close to being fully spread out, and when they do reach the stage of max spread the gains or losses are absolutely huge, this is a great tool to keep an eye on to judge the strength and power of the current cycle and have a good guess of where we currently are and where we can end up. The RSI is on here because it shows us exactly where we are in a trend stance, below the midline we are in a confirmed downtrend and the opposite is true for above the midline. So confirmed downtrend that is constantly holding on our BTC dominance means big gains and explosive moves for the altcoins, and the longer we hold this the faster altseason will come. Before we get into our last indicator we have some important levels to talk about, first off being the descending channel, we just had a close underneath the bottom of this channel and this ultimately turns this level into resistance which is great for the altcoins. Just above here we have resistance at 41.22% and 41.57% which are both decently strong levels, then of course we have the top of the descending channel and then heavy resistance at the 42% level, overall this makes a climb back up a lot more tough and highly likely that we wont see an uptrend for quite awhile. Now our next must break support level is the 40.50% level and i personally this might take a couple trys just because we have barely seen action here at all recently, 1 time recently but then not since awhile back. Now the ADX, we have seen a strong downswing here on this indicator and what this basically shows us is the average direction of price action and many people might of thought we have bottomed out here recently with a little curl upwards but it seems we are getting back to the norm with the ADX moving sideways and slightly downwards! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
1
ALTSEASON ABOUT TO BLOW UP!!?Bitcoin dominance is once again continuing the fall and the altcoins are going to absolutely love it, even when we see a slight drop in BTC.D the altcoins begin to breakout! We are currently sitting on the 41.57% level and there is a good chance we see a push through here for our daily close, even if we don't close below here today i think the time is coming soon. Looking at the bollinger bands we are pushing onto that bottom band which is a great sign for the altcoins, it seems like we are going to get a daily close directly on that bottom band and this can for sure trigger a big slip to the downside. as far as resistance levels go we have massive amounts of heavy resistance above our heads, we have 3 heavy resistance levels from 42 to 43% and aswell as strong resistance coming from the bollinger bands midline. Now lets look at the SMA's, these levels are also very very strong, we have the 50 day up around the top band on the BB's, the 100 day which is one of the stronger levels is lining up almost perfectly with the midline on the BB's which, this level will take a tremendous amount of momentum to breakthrough. The 200 day is just above the 50 which is another huge level, so overall we are looking very good as far as altseason goes, i personally don't see BTC.D making a strong climb back up anytime soon! The MACD is looking like its ready for another bearish cycle here, looking at the histogram we are once again making bigger red bars day after day increasing bear momentum and we just recently had a bounce off the orange MA, the blue seems to be starting to trail off and falling towards the downside, we want to see more separation in the MA's making it less likely to get a bullish cross. Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC Dominance In for a BIG drop!!Taking a look at our Bitcoin dominance chart and we notice one thing right off the bat, a big shift in momentum and lots of pressure to the downside, want to point out aswell i have called this from quite some time ago and just recently in the past week or so! We have fallen right out of our bearish wedge, rather than taking the long way we decided to drop out nearly right after i made a TA talking about that possibility. We are currently sitting under the strong 43% support level and its looking like we are going to get this bearish close for our upcoming daily close, we are slightly above the 42.62% support level which i think we are likely to break any day now. Also take a look at that 42.62% support level you will notice that it lines up the bottom band coming from the bollinger bands and i think yall know what im gonna say... if we do see a close and grab onto this bottom band it could easily spark a big move to the downside and thats exactly what we are looking for, the altcoins will be loving any drop in BTC dominance and will likely explode if we do see a sharp drop, now keep in mind if BTC follows the dominance and has a spike down the altcoins will likely feel the pressure at first but once we settle the alts should start to rally. Our MACD is looking good we are seeing yet another increase on our histogram for our red bearish bars, effectively putting pressure on BTC and its dominance, we had a recent bearish cross that has confirmed and we are seeing a decent spread within the MA's which is exactly what we want to see, the Blue MA has to start moving further away from the orange MA making is more difficult for us to get a bullish cross. Now the squeeze momentum indicator, we are having around 4 days now of very flat green bars which is not a big deal, i don't think we will be going into a bullish squeeze here i think this is just following our slightly sideways price action, i think when we see a fall in the dominance it will push the SMI into the red zone which we will then be looking at a bearish squeeze, we will want to see a steady increase in red bars confirming the bear squeeze shown by the black crosses on the midline, then we will have a confirmed bear squeeze and we will then be looking at a squeeze release shown by the black crosses turning white, now this part of the indicator is the very explosive part and when we do actually see the release portion we can expect BTC.D to take quite the tumble to the downside especially pairing that with a grab onto the bottom bollinger band, altseason is on the horizon! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
Bitcoin Dominance About To Fall Hard!!?Altseason could be rolling around once again just by the looks of this BTC dominance chart, we aren't showing any signs of a climb back up and thats exactly what we want. we have taken out key support levels on our first fall and we are eying the 43% level for our next target and the altcoins will love it! If we look at the bollinger bands we notice one very key thing and thats the constant wicking onto the bottom band, we are getting closer and closer each day and in a matter of time i believe we are going to grab onto it and take it for a hard fall to the downside which happens almost every single time we see price action grab onto this band if we do see this hard fall my thoughts are that BTC might drag some of the market down a little bit initially but once we settle down we can definitely expect the altcoins to go on a big run and the further dominance falls the further the altcoins are going to fly! in 2018 we saw the peak of altseason around 35% dominance and we are still quite aways away from that point, about a -20% fall actually and i can't even imagine the insane gains the altcoins will have if this happens with ETH leading the pack also keep in mind ETH dominance will almost certainly rise and have more of a grip on the overall market. The squeeze momentum indicator is still in a bearish squeeze which is very good and we are also seeing once again a significantly bigger red bar on the histogram showing a rise in bear momentum, the longer this goes on for the more build up we will have for the squeeze release which is usually explosive and will likely shoot the dominance down significantly and also pair that with us grabbing onto the bottom bollinger band and we have a recipe for an explosive altseason or atleast the start of one! The RSI aswell like i talked about, i said there is a good chance we see a bounce off of the first support level before then falling through and we are seeing exactly that with us approaching the 2nd support coming up soon We coud see the same thing happen where we get a bounce and maybe some sideways movement before then hopefully falling further, technically with us under the midline for some time now we could be in a confirmed downtrend but i would like to see us spend a bit longer under this level before really saying we are. Another possible scenario is that we could see price action bounce off the 43% level and start to rebound a little bit in sort of fakeout fashion before then continuing the fall to the downside, our RSI would still likely be in the lower half (confirmed downtrend) coming up slightly before then dropping again! I think there is a good chance this happens at some point but i think itll be a fakeout scenario, think we could see something along the lines of a strong 1-2-3 move to the downside and thatll be the definite point where we could say we are in a confirmed downtrend and the alts will absolutely fly! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
2
BTC Dominance Update!!Little update for our Bitcoin dominance before we head into the weekend and the very first thing i notice and that ive been talking about the past couple TA's is the current support level at 44.68 we aare once again seeing a push below here which is going to be key if we can see a daily close again under this level, will add to the already bearish pressure on BTC, and will significantly boost the altcoins if we continue to drop and will open the door for an explosive altseason, although we do need to fall much lower in my opinion to get that super altcoin cycle. I talked about previously, in 2018 at the peak of altseason we saw a bitcoin dominance push all the way down to aprx 35%, i am looking for something similar here, obviously going to be a longer process but of course is doable. There is also the chance we see a further drop past 35% dominance due to the simple fact that crypto as a whole has grown tremendously and especially altcoins, theres a chance you were hearing about bitcoin in 2018 but majority of people had no idea about altcoins and even BTC for that matter, pair that along with the massive institutional adoption and exposure this could shape up to be an altseason like we have never seen before! Atleast im praying lol! Now lets take a peak at some indicators and we will start with the bollinger bands, we arepushing well below the midline which is now resistance and we are getting somewhat close to that bottom band, we have had a few wicks down pretty close to it and if we do manage to grab on it will likely ignite a bigger drop, taking out many resistances on the way down, if we do see this play out we can definitely expect altcoins to really take off, there is a chance that BTC will drag the market down initially but once we find some footing or settle thats when majority of altcoins will begin the takeoff! Now the RSI as i always talk about that midline is absolutely crucial, in this case we want to see a further push down below and for it to stay in the lower half, in turn we will be considered in a confirmed downtrend and could definitely be a prolonged one and of course this will be great for the altcoins! We do however have some support slightly below our current level and then a little bit further down, these levels are not very strong at all, we could see a bit of sideways movement along them but i doubt it will last for very long and they definitely will not hold up if we do catch a big slip on that bottom bollinger band! Lastly the Squeeze momentum indicator, in my last TA i went over the chance of us pushing past the midline and into the bear territory and we have done exactly that, we are on our second red bar and it is significantly bigger than our first one, this shows there is a clear rise in bearish momentum and this will likely play out to be a bigger bear squeeze. The black crosses indicate the squeeze portion of this cycle and the longer we stay in a bear squeeze the much more explosive the sqeeze release will be, and that is indicated by the black crosses turning white and you can refer back to the previous bull squeeze we just went through to see the explosive affects of the release portion of this indicator, overall for this indicator the main thing is that we keep seeing increasing red bars day after day putting lots of power in the bears hands and ultimately seeing a big drop in BTC dominance! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC.D Continuing To Fall!checking out bitcoins dominance we have gone on quite the fall recently and the altcoins are absolutely loving it! We are currently getting held up on the 44.75% support level and this is our forth day testing this level and i believe we could see a breakdown coming up soon, there is a chance we continue the sideways movement aswell but either way i think the altcoins are going to continue to thrive! Each time we see a drop no matter how small or big the altcoins start to pump, and currently Bitcoin dominance is pretty high imo and there is a likely chance that we see a further drop, i personally am looking for a longer term target around 35% BTC dominance, during the peak of 2018 altseason we saw a bottom out around 35% dominance and id say that is for sure doable again, honestly could see a further drop than that aswell since majority of the altcoins have gained a lot more exposure and have increased heavily since 2018. Looking at the bollinger bands we have fallen below key support coming from the midline which is now resistance and this is what we want to see (if you enjoy altcoin runs) a drop below current support levels also opens the door to a grab onto the bottom bollinger band which is sitting above our next major support level at 43% if we do see this play out it will likely ignite a massive altcoin run as bitcoins dominance could slide much lower cutting through many major support levels on the way. Lets take a look at the RSI, we are right on the midline and are pointing heavy to the downside, a break below here will be key aswell for the alts, if we do see this happen we want to watch for a rejection off the midline if we start to push back upwards, this is very important because if we fall below the .50 and can't recover we are looking at a confirmed downtrend for BTC dominance and that is exactly what we need if we are going to see a massive, explosive altseason. Keep in mind we could see some sideways movement like i talked about earlier before fully breaking below but we will have to keep a close eye on this as the RSI tells a much more important story rather than just "overbought and oversold". Now the Squeeze Momentum indicator, we are in a rapid decline on the histogram showing a decrease in bullish momentum and we are slowly but surely approaching the midline, we want to continue to see decreasing green bars day after day and then ultimately a push below the midline and into bear territory, if we do see this play out there is a good chance we could see a large bearish squeeze and release creating big pressure to the downside. We already saw our bull squeeze release for this SMI cycle and it was a pretty large one which opens the door for a pretty large bearish version! Keep in mind that if we do see BTC.D fall hard BTC will also fall dragging down the market initially but after that initial drop the altcoins will begin to surge and fly high! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
#BTCDOMINANCE BTC Dominance Chart 1M BTC Dominance Chart on a monthly basis. RSI has created a double bottom so expect a good sign of upward movement soon. Possible bad sign for altcoins for a period of time as BTC dominance goes up. Let's hope Ethereum and other Alts can have their happy day before dominance moves up too fast. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. #cryptopickk #bitcoinprice #btcdominance
CRYPTOCAP:BTC.DLong
by MillionaireEconomics
2