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Btcdominancechart

BTC Dominance Double Top??!Bitcoins dominance has been rising again while the market has been taking a hit and i noticed there is a clear pattern that could definitely play out... the double top (bearish), we will have to keep an eye on this as we are pretty close to this 48% level. i think we could keep seeing some sideways and downwards movement while dominance climbs up to 48% then we would imo see a fall with our bullrun resuming. The coppock curve is getting close to the top of the zone with it slightly curling sideways and most of time we don't see sharp pivots and reverses with this indicator it indeed is market waves, what that means is we could still go a little higher before topping out this wave around the 48% BTC dominance level before coming down with the wave. The RSI is slightly curling sideways above the 50. point mark and i feel if we do see some slip in BTC dominance we would most likely see a bounce off of that 50. point then continue up to 48%. The MACD is showing no real signs of slowing down with decent separation between the blue and orange MA's, our histogram has remained bullish for 2 "cycles" now and soon enough i feel like a bearish cross will be overdue! Keep in mind with BTC dominance rising we have been seeing the markets dropping (even BTC) and i think we still will until we get that confirmed downtrend, once dominance starts falling again the ALT's and BTC should be back up and running resuming our bullrun! Not financial advice just my opinion!
CRYPTOCAP:BTC.D
by JacobR905
2
BTC Dominance about to fall??!!Bitcoins dominance since shooting up during our last correction has slowly going sideways and slightly down which has formed this pennant, we have held perfectly inside this pattern and we are now approaching the Apex point or the end, our close tonight for BTC dominance will tell us quite a bit, my thoughts are we are going to break below the end of the pennant and keep our long term downtrend going, if this does play out Bitcoin will likely start to move up maybe not very far but altcoins will really begin to fly. There's a good chance we come back down to the 40% level like we saw early may and then after that i wouldn't be surprised to see 35% BTC dominance. The MACD is right on the verge of fully flipping bearish and could come down pretty hard once we see that confirmation. The histogram is almost right on that midway line which makes me believe some red bars are coming. Also EMA ribbons are pressing down heavy on our candles with lots of bearish momentum, there's lots of separation in the bands so i doubt we see a full reversal anytime soon, remember lower BTC dominance means incredible altcoin gains and most of the time smaller BTC gains. Either way good for the market after struggling recently i expect some green days ahead! NFA just my opinion
CRYPTOCAP:BTC.D
by JacobR905
Altseason will begin again and continue for a short period?!Due to my last analysis about BTC dominance I said Altseason is being started because BTC.D chart is forming a downtrend and it's within wave C of a large correction. It happened nicely and Altcoins grew very well. Now within the wave C, wave 4 which is a corrective one is being completed and therefore Altcoins are collapsing now. But after this wave, wave 5 which is downward will begin and it means Altseason will begin again and continue for a short period. In the future Altcoins should be reviewed again. So be careful!
CRYPTOCAP:BTC.D
by AliBahaari
BTC dominance back to falling??!We saw a huge wick up in BTC dominance yesterday due to the massive correction. We have stayed in the descending channel and didn't even close above it, we seem like we are back on track now with dominance falling again. I figure we could see a bounce off of the 40% level but we may not because it has been weakened over the past 5 days. We almost saw a flip in the ichimoku cloud but now we are back to "normal" with bearish resistance clouds. Aswell the EMA ribbons are are continuing to push down hard on us with a little bit of a reversal from the correction yesterday, we are seeing some more downwards slopping today. The RSI came up hot from the oversold area but now spiking down. Either way BTCs dominance falling lower is very positive for the overall market, BTC could still move a bit but altcoins will heavily outshine BTC. Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
2
HUGE ALTCOIN BOOM COMING??!!BTC dominance holding up at the historical 40% level and having a healthy market correction at the same time, in my eyes this lines up perfect for a huge altcoin run soon enough, a big shakeout even getting retail investors out. I believe we are going to see a huge boom when btc dominance falls below 40%, Our 2018 altseason peak was aprx 35%. Remember that this one could be even bigger due to all the adoption by institutions. The MACD looks very bearish with a bearish flip and big slopping downwards. We have also just come off a bearish slide on the bottom bollinger band, if we see our candle start to ride the bottom again we could see a huge slip below 40%. I think once this correction is over BTC is going to stay very stagnant and not move much at all when altcoins start to fly. NFA just my opinion
CRYPTOCAP:BTC.DShort
by JacobR905
7
Bitcoin Dominance about to gain back!I have gone through many time-frames and it looks like BTC dominance will start to gain back its power over Alts. I have bookmarked the 23 hour chart for confirmation of when. Alts have about 1-2 weeks MAX of any growth against BTC. The chart shows extreme oversold and completely stretched to the downside with the RSI MFI oversold for 6 weeks, while the stochastic RSI has been oversold stagnated below since Feb2021. The candle is way below the Linear Regression and has ridden the Bollinger band down quite alot. My plan is to sell out of Alts gradually and sit on stable coins and cash, because even though BTC dominate will rise, the actually price of Bitcoin is overbought.
CRYPTOCAP:BTC.DLong
by GlobalTrader_
3
BTC Dominance Taking a dump!BTC dominance is falling more and more while the altcoins start to perform hot, especially Ethereum! We continue to make lower lows with us hitting low 42% dominance, came up a little bit since then but looking very bearish. However i do expect a short term bounce off the 40% dominance level due to it being strong historical support. Looking for a peak for alts around 35% BTC dominance. We are getting pressed down hard by bearish ichimoku clouds, with us starting to point even more straight down. RSI Continuing downwards sitting in the "oversold" zone which doesn't really apply to dominance but keep in mind for us to be in a confirmed uptrend we need to see the RSI Climb above that 50. point and stay there, so we do have quite some time before that happens. Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
Bitcoin could continue to fall!BTC has been taking a bit of a hit dominance wise and price wise, dragging some of the market down but not all alts. What I am mainly looking at is the MACD we are seeing a big swing up and now seeing a very bearish looking MACD with our orange about to cross ontop of the EMA and the MACD Leader (Red) is beginning to slope pretty heavily to the downside. We could see a big drag down in most parts of the crypto market if bitcoin continues to fall, We have aprx -6.5% to the 0.3 FIB level so keep this in mind. Another very big indicator is the RSI, we have crossed a pretty good bit past the 50. point and if we don't see a recovery soon BTC will be in a clear downtrend. The EMA ribbons are beginning to squeeze together and something to watch closely is seeing if the green ribbons begin to twist below the red ribbons, this would also be a very bearish indicator. Remember that with BTC falling some coins will follow but as dominance goes lower and lower alt coins will begin to fly very very high. Not financial advice just my opinion!
BITSTAMP:BTCUSDShort
by JacobR905
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
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!
CRYPTOCAP:BTC.DShort
by JacobR905
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!
CRYPTOCAP:BTC.D
by JacobR905
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!!
CRYPTOCAP:BTC.DShort
by JacobR905
1
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 :)) Dont forget to push like an comments Follow us for more updates
CRYPTOCAP:BTC.DLong
by APEX_TRADING_ACADMEY
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!
CRYPTOCAP:BTC.DShort
by JacobR905
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 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!
CRYPTOCAP:BTC.DShort
by JacobR905
4
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
CRYPTOCAP:BTC.D
by Bronson-TheShark
10
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!
CRYPTOCAP:BTC.DShort
by JacobR905
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!
CRYPTOCAP:BTC.DShort
by JacobR905
6
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)
CRYPTOCAP:BTC.DShort
by BTC-fire
14