BTC DOMINANCE TAKING A HIT WHILE ETH SOARS!!we're seeing heavy downside right now in BTC dominance and Ethereum is loving it! I personally believe we are just getting started with this altcoin season, Bitcoin dominance still has a big fall ahead historically speaking, we have little to no resistance left until our heavy support at 40%! As dominance goes lower alts will go higher. We see very heavy downwards pressure from the EMA ribbons with them spreading out and heavily pointing to the downside. The Zero Lag MACD has recently flipped bearish and printed a "sell". If we see the blue and orange on top start to spread out we could see a very very large fall so always check the Macd, we are still around the mid point and could possibly do a full swing to the downside! Rsi Continues too hangout in the bottom "overbought" area pointing down with no signs of popping back up, we could see a little reverse soon but i think itll be very brief and we will continue bearish for a few months! NFA just my opinion!
Btcdominancechart
VERY IMPORTANT CLOSE FOR BTC DOMINANCE!!!BTC dominance has currently broken through the very strong historic support level! If we see a daily close tonight below this aprx 50% level we will see altcoins surge more than we already are! If we don't see the close tonight i believe the time is coming and it'll happen soon, we could see a 35% BTC dominance eventually around the peak of this altseason! Looking at the EMA ribbons we are still getting lots of pressure to the downside seeing big separation in the ribbons with no sign of slowing down, same thing with our ichimoku cloud, we are getting continuously pushed down by bearish momentum. The Zero Lag MACD is coming up pretty strong but looks like we are starting to see a bit of early signs of a reversal as we approach a potential peak. Not financial advice just my opinion!
Massive Altcoin Surge coming soon??!Bitcoins dominance has been getting crushed recently coming further down breaking through all FIB Levels and strong historical support levels. As of right now we are sitting right on the historic strong 50% Dominance level, i think it is slowly getting weaker and weaker as we have been testing it for the past 5-6 days. I think the break is coming soon and we could see btcs dominance continue on its bearish path, we have been hovering slightly above the bottom band of the bollinger bands and if we do slip and start to hug it again like we were previously we could see another rapid fall. Our EMA ribbons are spreading out even more bearish pushing down on us with bearish momentum and show 0 signs of recovering anytime soon! Our MACD has been pushing up but appears to be loosing steam looking like we could see a reversal in the coming days. I could see us breaking this 50% level any day now and then start the fall down to eventually 40% and even possibly 35% which was our previous altseason peak in 2018! NFA Just my opinion! rarible.com Feel free to check out my very first NFT! More to come!!
BTC DOMINANCE @ STRONG SUPPORT NOW !!!HELLO TRADERS WATCH CHART AND EARN UR BIGGEST PROFITS IN CRYPTO MARKETS WITH A VERY LOW RISK
What does Bitcoin dominance mean?
Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets. ... For many years,
while Bitcoin was far and away the largest cryptocurrency - and one of the few in existence - its dominance was much closer to 100% than it is today.
Currently Bitcoin (BTC) dominance, or the ratio of the largest cryptocurrency's value to the overall market capitalization of digital assets, slipped below 50% for the first time since 2018,
according to the data sites CoinMarketCap and CoinGecko. ... Ether's share of the market capitalization is about 14%.
And technically it show a strong support zone here with a very great risk reward and ratio have look on my previous posted btcusd analysis hope so it will help alote to understand
Market are over sold conditions now and we cannot miss this technically + fundamentally moves coming soon in market with big boys get in ... buy and hold this year its to Mars :))
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Massive BTC dominance drop in the coming days?1Bitcoins dominance has been falling for weeks now and is approaching a critical support level at 50%, we have tested and bounced off once already and i believe in the coming days or week we could see a breakthrough and ultimately continue falling! When we do breakthrough this level itll be turned into heavy resistance and i think we will see another gradual fall all the way to 40%, depending if BTC dumps with its dominance we could see a big market pulldown and then Altcoins will start to boom like crazy. Remember the peak of the 2018 altseason BTCs dominance touched aprx. 35% before heading back up for a recovery. Definitely keep an eye on the bollinger bands, as you can see we have been riding the bottom band which is super bearish and ill be looking to see if that continues. Aswell as watching the bollinger bands on BTCUSD we are getting very close to the bottom band and if we start riding it a fall will be imminent, NFA just my opinion!
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.
BTC DOMINANCE GOING EVEN LOWER!?Bitcoins dominance has been on a continuous fall and we are now approaching the 50% dominance level! I think we could see a bit of a hold or bounce here in the short term but i think the continued fall is inevitable, we could see a fall to the 40% and then finally the 35% level. The 35% level was the absolute peak of the 2018 altseason and IMO i think this years going to be a even bigger and better altseason that we are just getting started. It is very impressive to see for the most part bitcoins price has been going opposite to the dominance! We are getting very heavy pushdown from both the EMA ribbons and the ichimoku cloud, the ribbons look like they are starting to open up even more creating more bearish pressure. We are seeing a very bearish cross on the Zero Lag MACD, Our orange has just crossed the blue and the Red MA is starting to come down fast. The histogram has printed a bearish bar and IMO i think we could see this continue for the next several days! My personal opinion for timeline for altseason and aprx from today is 2-3 months. NFA!
That is a wrap on this round of Alt Season....Remember the feeling of late August when summer was coming to an end and the idea of going back to school started creeping in? I hate to be the one that comes out and talks about school but we have more vacations coming up. Alt seasons come in rounds and they simply don't last forever. That was an awesome summer alt season we had. What does this mean? BTC dominance along with ETH will start absorbing more of the market cap over the next 4-6 weeks in my opinion. Nothing in trading is certain. I have marked out the next two targets for BTC dominance that I see happening this month and into next. Do I believe in many of the ALTS? YES...but you have to play the spots right. In other words Ill be adding and buying alts when BTC dominance starts to peak again. You don't want to be buying alts right here...these assets are up and need some correction. Leave comments you can disagree with me but you can't disagree with my record of being right on this website. What is the Shark telling you to do? Sell your alts and roll them to BTC and ETH for the next 4-6 weeks. When BTC Dominance hits the second target start buying your alts back. Once again I don't get paid for this I'm just here to help someone along the way to making money and taking control of their life. Swim with the Shark and make money.
Bronson-TheSHARK
BTC dominance heading for 50%Sorry everyone for the lack of TA recently, have been working on some big projects to do with NFTS but still going to try get content out as much as possible! We are seeing bitcoins dominance continuing to fall at a pretty rapid pace (Hence the serious gains in altcoins at the moment) I think we are bound to see a 50% dominance in the near future, The ichimoku cloud has really been pressing down hard on us continuing to print resistance clouds, Aswell the EMA ribbons are really starting to turn down pushing us further down with lots of bearish momentum, also showing no signs of slowing up. Our MACD looks like it is currently peaking and appears to be turning slightly to the downside, I will be looking for that reversal in the next day or so. I believe 50% is inevitable but if we do see some reversal and a move up at most i could see us rejecting off the 57% level and then heading back down. Remember that 57% support that we turned into resistance is historically one of bitcoins strongest levels and will be very tough to break, just my opinion not financial advice!
BTC dominance fakeout or more downside?! *In relation to my last post* BTC dominance has held up below our long term 57% level which is historically one of bitcoins strongest dominance levels. I see this playing out in two different scenarios, First i think the continued fall is inevitable but we could either see a fakeout for right now and see at some point a climb back up above 57% maxing out imo at 60% Dominance and then continue to fall and once again break the 57% level and continuing down for a big altseason. Or we don't see a fakeout happen and we just continue in the downtrend we are in. We have two more strong major levels of support which i think we will see bounces off of the first time we reach them, 50% dominance and 40%. After that we have the 35% level which was the exact peak of the 2018 altseason, I think we could see BTCS dominance could reach here again by the end of the year resulting imo the most explosive altseason yet. Not financial advice just my opinion!
why crypto will be making new millionaires in 2021 ?!! when I just entered the field of trading crypto since 4 years ago and I was just a silly beginner , I was asking myself how these people are making such massive money 2,4,20 and 100X, are they scammers or hackers, what's going on with them?
I found that the main reason that make alts move is the BTC. As a beginner u can think that when BTC goes high it will be good for alts and when it goes down it will bad for alts, and by the way that's not wrong, however it is not the full scenario, you are just trying to get conclusion when alts go bloody and as beginner that's not bad at all.
let me tell u the full situation, once the BTC.D goes down on short term market is bearish, however it is completely good indicator as bullish signal for midterm reference, so what we are facing right now is completely correct and indicates that we all gonna be reach within 2021 !
what I would like to say, That it makes sense to open Binance coins list and see most of alts +50% , why?? cuz BTC.D is sinking and will still be sinking which is definitely amazing indicator.
we are still bullish and I'm buying more, don't ever be frightened on the wrong time,
support levels as per the chart indicates that BTC.D is going down and down maybe this year we gonna see 35% - 40% BTC.D which will make $1000 LTC - $200 NEO - $100 link - $250 polka and $6000 eth.
I'm just giving examples that it is not impossible at all to see these numbers within 2021 and make sure to be patient , hodl until we can see reverse
YOU WONT STOP MAKING MONEY UNLESS U SELL WITHOUT REASON !! ( FEAR)
Will BTC domiance hold this crucial support!?!?BTC dominance is continuing to fall we actually are past this crucial long term support and i will 100% be watching for the daily candle close! If we do see a close below the 57% support dominance could take another sharp fall. Mainly i think because we are riding the bottom of our Bollinger bands which is very bearish and if we dont see a little recover and hold today and tomorrow i believe there will be more downside. Our MACD isn't looking very great as of now we are seeing further separation and no sign of recovering, so this is something to watch aswell! The EMA ribbons are also turning and pressing down. Like I said this is a very important daily close for BTC dominance so keep an eye out, we could start to see some crazy crazy altcoin gains if we continue! Not financial advice just my opinion!!
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.
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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!
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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).
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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.
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Thank You For Reading
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Watch BTC dominance close tomorrow!!!!BTC dominance continuing to fall now we are a decent bit under our long term support and if we see a close this low or below this support we could see a bigger drop resulting in an explosive altcoin run. If BTC dumps which it doesn’t seem like it will, but if it does we will see the market get dragged down with it momentarily then alts will fly and really start to shine! Our ichimoku cloud still pushing down with bearish clouds. The RSI is pointing down and our stoch looks a little bullish but could still reverse back. Just something to keep in mind for tomorrow, not financial advice just my opinion!
WATCH BTC DOMINANCE!Bitcoins dominance is getting very close to our long term support once again weakening every time we bounce off of it. Last time we broke through this long term support we dove straight down to the 57% support but did rebound, keep in mind the distance between the long term uptrend support and 57% support was much much shorter. Now we are looking at a bigger drop and recovery, also if we did fall below to those levels we possibly could get rejected on the way back up. we do have the bottom FIB level as support too so i think we wouldnt fall too hard. The MACD is still bearish and the coppock curve is pointing down still. If BTCs dominance does start falling thats when altcoins will really start to shine outperforming btc in most cases. if we recover and start going up atcoins will still perform well and follow BTC. NFA just my opinion, definitely watch the daily close to get a better idea of whats next.
#btc.d #1h #bitcoindominance #btcdominanceHi guys..its the latest analyze chart of BTC.D in 1 H timeframe(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
#btc.d #1h #bitcoindominance #btcdominanceHi guys..its the latest analyze chart of BTC.D #dominance in 1H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
The situation BTC.DAlthough some Altcoins have grown well, it is still too early to start the season. The dominance should test the channel ceiling again. It is almost at MA 50 that this growth can be accompanied by a slight decline for the currencies that have been growing for this period.
To start the Alt Season, Bitcoin must remain in the side range (range) and lose the daily support 57.10% support, then it can be said that the Alt Season has started. And remember, even with a drop in dominance and a drop in bitcoin, there is no tool
Bitcoins Dominance (BTC.D) CHEATSHEET (wen altszn ?) part 2ndHello everyone,
This is extended update for previous idea made approx. year ago in Jan 11 2020
I think that wave A-B as well as smaller x-w-y-x as previous expected by E-W rules has played out and we are sitting on 61.8% of BTC.D at time of writing
This is very important zone to watch (White line+arrow aims to our current place)
BTC should bounce or keep dumping towards wave C and z
also I realized that if this Head & Shoulder formation (Blue lines and triangles) plays out there is possibility that BTC.D might revisit psychological 50% or even go lower
What supports this idea deep further is exactly the opposite pattern formation from the % side of others cryptocurrencies dominance
MAs as well as increasing volume also shows huge altcoins interes and TOTAL2 (Total cryptomarket cap exclude BTC) is on huge grow
Hope you like this Bitcoins dominance (BTC.D) mid-long term deep analysis.
If YES feel free to leave the feedback below the chart in the comments.
and if NO still feel free to give me a kick so I can make next chart more pleasable to understand and read for everyone from newbie to more skilled traders and still bring usefull info to multiple people of different skill levels
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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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).