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Btcdominanceidea

The BTCDOM/USDT chart shows Bitcoin's dominance in the marketThe BTCDOM/USDT chart shows Bitcoin's dominance in the market, with current trading levels around 2,782.5. The price action has seen significant movements, including sharp rises and corrections, indicating a highly volatile market. Key Points: Support and Resistance Levels: The price recently tested a high (HH) near 3,005.8 but faced strong resistance, leading to a correction. Support has been identified around 2,754.8, where a recent long position was initiated. This level could serve as a crucial point for further upward movements. Recent Trade Setups: A long position was taken at 2,754.8, aiming for multiple take profit (TP) levels. The first TP level at 2,734.8 has been hit, and the price is now approaching the second TP at 2,714.9. A short position was also entered near 2,763, but the price has since moved higher, possibly hitting the stop loss (SL) at 2,834.4. Current Scenario: The price is currently in a consolidation phase, moving between the key support and resistance levels. If it breaks above the recent high, it could retest the resistance around 2,834.4 and potentially move towards 3,000. Conversely, a break below 2,754.8 could lead to further declines, with potential targets around 2,688.4 and 2,635.3. Potential Targets: On the downside, the price might target the levels of 2,688.4 (TP3) and 2,635.3 (TP4) if the current support fails to hold. On the upside, the key resistance levels to watch are at 2,834.4 and above, which the price needs to overcome to resume a bullish trend. Conclusion: BTCDOM/USDT is at a critical juncture, with the price testing key support and resistance levels. Traders should monitor the price action closely for a decisive breakout or breakdown, as this will determine the next significant move. Holding above 2,754.8 could indicate bullish potential, while a fall below this level might lead to a deeper correction.
Short
by RICHI_CRYPTO_SIGNAL
#BTC.D Altcoins Dumping?? This is what you need to know!Here's the current dominance chart. Notice the breakdown? This move appears to be more of a retest and it's nearly complete. That's why I'm accumulating some altcoins during dips. Futures trades are risky right now, so I'm holding off on sharing much in that regard. We need to wait for a strong rejection, which seems likely to happen soon. Patience is key, everyone. This is the move we've been anticipating for a couple of years. Let me know what you think in the comments section. Please hit the like button, Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
9
Chart Idea - BTC.DBTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
CRYPTOCAP:BTC.D
by smwajeeh
7
#ALTSEASON is knocking the door! Are you prepared??#BTC Dominance: The Moment We've Been Waiting For. The true alt season begins when ALT/BTC pairs start displaying strength, and I believe we're already seeing signs in several altcoins. I'll be sharing more details soon. The liquidity exiting the market is poised to flow into solid altcoins. You have to be patient, No FOMO! Follow me if you don't yet, and hit the like button if you find my insights helpful. When I start entering the altcoins, you'll be first to know! Be patient. Stay strong folks. #Crypto Do hit the like button if you like it and share your views In the comment section. THANK YOU #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
10
#ALTSEASON CHEAT Sheet 2024! When to ENTER ALTS???Hello everyone, welcome to the article! I'm Cryptorphic, and since 2018, I've been accurately predicting BTC Bottoms and Altseasons. I'm eager to see if we can do it again this time! Those who've been with me for a while know this isn't about boasting, but rather about getting your attention on the right track. By the time you finish reading this article, you'll have a good idea of how and when you can enter Altcoins! If you want to see my track record, check out my past dominance charts from 2018 onwards! Altcoins are currently trading 50% to 70% down from their recent highs in February and March. Is it the right time to enter altcoins, or should we wait? All your questions will be answered here! BTC dominance is currently facing rejection on the weekly chart around the 57% resistance, now trading at around 54.20%. Even though this rejection is visible in the chart, altcoins aren't moving much. Historically, May has been bearish, so the next few weeks will be important for altcoins. When to Enter Altcoins: This is probably the right time to start scaling in with small fractions. You won't be able to enter every altcoin you like exactly at the bottom, so we DCA! I've already made a list of 15 altcoin gems which I will post soon, so follow me if you don't already! And make sure we are connected on other platforms too. Best Time to Enter Altcoins: Technically, May is Bearish for the whole crypto market. And it brings opportunities! If BTC dominance somehow pumps and touches the 60% level, we will see the final dip in altcoins.This will provide us with the best entry possible in altcoins, where we will enter hard. I am patiently waiting for that to happen. I am expecting this to happen in the next 2 to 4 weeks. This means May and the beginning of June will be the time to accumulate Altcoins! Keep in mind that most of the time traders make money is when most of the people aren't really interested in the asset, which applies to altcoins in the current scenario. Conclusion:- Dominance is expected to touch a high point of 60%+, signalling potential opportunities in many altcoins. Our goal is to accumulate the best altcoins that haven't seen significant pumps yet, backed by reputable VCs, and featuring solid tokenomics and on-chain metrics. It's also essential to evaluate multiple factors like the team, token unlocks, inflationary and deflationary aspects, and more. If you're unsure about how to navigate this, just follow me for future updates! Always do your own research, This is not Financial Advice! If this post brought you value, please hit the like button. Your likes and comments keep me and my team motivated. Thank you. #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
8
Chart Idea - BTC.DBTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
CRYPTOCAP:BTC.D
by smwajeeh
🔥Understanding Altseason: Timing and Duration🚀✍️Altseason refers to a period in the cryptocurrency market when alternative coins (altcoins) significantly outperform Bitcoin. This phenomenon typically follows Bitcoin’s halving events, as capital begins to flow from Bitcoin into altcoins. The most notable Altseasons occur when ALT/BTC pairs gain strong market traction. ✍️The duration and intensity of Altcoin bull runs can vary, often featuring multiple Altseasons within a single crypto bull cycle. The most prominent Altseason generally occurs after the peak of Bitcoin’s bull run, coinciding with a surge in market participation. This phase often sees exponential growth across the board, affecting cryptocurrencies regardless of their market cap. ✍️Analyzing the Bitcoin Dominance (BTC.D) chart reveals potential resistance levels between 57.23% and 58.2%. A rejection at these levels could be the catalyst for a widespread rally in the altcoin market. Historical Perspective on Altseason: - 2016 Altseason: Lasted approximately 546 days. - 2020 Altseason: Spanned nearly a year, marking a 33% reduction in duration compared to 2016. - Projected 2024 Altseason: Expected to last about 273 days, beginning between the last week of May and the first week of June 2024. Conclusion: The current trends in BTC Dominance, alongside historical data, suggest that the next Altseason could begin within the next 6 to 7 weeks. Any market corrections during this period could offer strategic buying opportunities. Note: Always conduct your own research (DYOR). The above analysis is not intended as financial advice. Please hit the like button and share if you find this helpful. I suggest bookmarking this chart for future reference. #Altseason #BTCHalving
CRYPTOCAP:BTC.D
by Cryptorphic
6
BTCD Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Waiting for trend reversal, target zone: 49 - 50% risk is justified 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
5
BTC.Dominance Analysis (time to fall)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Like for me, we're completed our upward movement in form of ending diagonal Time to decrease, minimal target zone 45.5 - 44.5% cancellation of scenario - 48.5% 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
2
BTC.Dominance Elliott Waves Analysis (LONGTERM)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Like for me, we are finishing the correction in wave (ii), after which I expect a global decrease in dominance. Target zone: 33-30% cancellation of scenario - consolidation above 48.5% 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
7
BTC.Dominance Elliott Waves Analysis (LONGTERM)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. we completed the correction in wave of (ii), now I expect a decreasing dominance in 33-30% zone, cancellation of scenario - consolidation above 48% 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
BTC.D gonna skyrocket while the SEC is gonna go after S***coinsBitcoin fails the Howey Test, because it is the only (crypto)currency without an issuer (government, corporation or "foundation"). Therefore, it is considered a commodity by US law. Every other altcoins passes the Howey Test. That means that other cryptos are actually securities in the eyes of the US law. But these securities aren't registered to the SEC, so they are actually unregistered securities, which are illegal in the US. The SEC just started going after those unregistered securities and will probably go against them even harder with time. This is very bad news for all altcoins. Moreover, using the Wyckoff Method on the Daily chart to conduct our price analysis, we can see that it looks like we have an accumulation going on BTC.D.
CRYPTOCAP:BTC.DLong
by Rainonme
2
BTC.Dominance Elliott Waves Analysis (midterm Expectations)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last (LONGTERM) idea. Earlier, I assumed a decrease in the dominance of bitcoin to the level of 40% in wave (b), which, as you can see, we got. Now I expect a wave (c) somewhere in ~44% area. After which, a global decline in dominance will begin with a target zone of 35-30% and liquidity will be poured into altcoins. Target zone: 43-44% cancellation of grow - consolidation below 39%. 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.DLong
by trytofeelpositive
11
BTC DOMINANCE WEEKLY UPDATEHello guys, here's a weekly update on the BTC Dominance chart. We can see BTC is trying its best to maintain and stay above the $28k support level and on the other hand, the BTC Dominance is breaking all the ceilings. In the hourly and daily chart, the dominance is increasing and the picture isn't clear enough to understand where the resistance is. But in this weekly chart, we can actually see resistance 1 at 49.9% and resistance 2 at 52.9%. It is interesting to see that resistance 1 (49.9%) is the same resistance level from where the BTC.D got bounced and rejected multiple times in the past and once when the BTC.D broke above the R1 level, it made support at 52.9% which is now a resistance 2 level. If we are expecting a bounce in the market then these are two resistance levels from where the BTC dominance should get rejected. Also, if BTC is completely bearish with a possibility of getting rejected below then our expectation then the BTC dominance can aim towards the 69% range which will be a 76% rally from the lower support trendline. So, let's be vigilant cause the next move in the market will surprise us. Thank you.
CRYPTOCAP:BTC.DShort
by Dexter_The_Trader
BTC.Domination Analysis 9 June 2022#UPDATED #BTC.D Analysis still moving in ascending channel and rejected two times after hit nearly major resistance. but if we see from indicator BTC.D showing in overbought area which shoudly down first to retest indicator center trendline be strong resistance any 4 times trying to breakout always rejected and back to support trendline i this situation can't expect much . Alt season will happen if BTC.D breakdown And BTC sideways or up and instead if BTC.D up or pumping we will see ALT dominant dump
CRYPTOCAP:BTC.D
by Altcenter_Analysis
BTC DOMINANCE | BITCOIN | ALTCOINS: THE RELATION.Hello guys, this is the BTC dominance update in 2 days timeframe. Things are taking quite an interesting turn in the market. I am not completely sure yet but comparing the BTC dominance with Bitcoin and other altcoins, looks like some big move is about to come. Let's compare the dominance and BTC chart side-by-side. Bitcoin: In my recent BTC update, BTC is holding the $28k support level and it is trying to bounce back. The RSI is at the oversold area and most likely it's gonna rally higher. BTC Dominance: We saw BTC.D making greens for the last couple of weeks breaking out of the upper trendline and also close to hitting the resistance level. The RSI on the other hand has crossed the 70 level which shows a clear sign of rejection. What I am understanding from the current scenario is BTC is trying to make a bullish rally and the BTC dominance is possibly getting rejected. According to the experts, whenever the BTC.D gets down and BTC goes up, the altcoins go up quicker. Is that possible in the current phase? Are we going to see a bullish rally or is it just a trap? Well, I am not sure enough to confirm it. Like I said many traders including me are assuming this to be a bear market but nobody knows exactly and no one can be deadly accurate at this. It is all a probability. As of now, for this chart, my invalidation point will be 47% resistance level. If the BTC.D breaks above this then all these assumptions will go to nothing. What do you think about this? Do share your ideas and correct me if I am wrong. I'll see you in my next update. Thank you.
CRYPTOCAP:BTC.DShort
by Dexter_The_Trader
9