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Dominancebtc

#BTC Dominance broke down, ALT SEASON Incoming?Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Do not forget to read the other analysis I've recently posted. Links are given just below this update. let's get to the chart. the dominance followed my previous analysis perfectly and broke down below the triangle. We can already see the effect in the market with all those green altcoins in both USDT and BTC Pairs! however, it's important for us to analyze from every aspect of a chart. We need the dominance to break and close below this 100D MA. It's an important factor to trigger the Altseason. keep an eye on it. After the possible breakdown, we will have a retest, that will be the right time to enter altcoins in BTC pairs especially in Red! The breakdown target happens to be somewhere around 39.xx levels. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE

CRYPTOCAP:BTC.DShort
by Cryptorphic
3
#BTC Dominance Broke down, Alt Season? Part IIWelcome to this quick Sunday update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Dominance broke down and followed our speculated move exactly as shown in my last chart! I expect the dominance to break to the downside, Reasons:- 1. Ascending Wedge Formation. 2. Broke below the Triangle with perfect retest and continuation. 3. Broke and closed below 100D MA which basically shows us the sentiment of the market is shifting towards altcoins 4. I am expecting a bearish crossover of 50D MA and 100D MA in the next week which will eventually fuel the alt season! Many indicators are also revealing signs of weakness in this index. OFFICIALLY WE ARE IN AN ALTSEASON RIGHT NOW! WHAT MATTERS IS IF WE CAN GET SOME SIDEWAYS ACTION FROM BTC THINGS WILL BE MUCH BETTER!! What's your thought on this? Do share your ideas and charts with the community in the comments section. If you have any questions or requests do not hesitate to write them down in the comment section. Do hit the like button if you think this analysis deserves a little appreciation! Thank you #PEACE

CRYPTOCAP:BTC.DShort
by Cryptorphic
2
When would Altseason take place based on btc.d historic dataThere are many parallels displayed in a few alts like Bittorrent and ASD which got ahead of themselves. Some coins are way ahead compared to many others which have barely moved or met an all time high, it makes no sense to state bullrun is over or even that altseason has already happened. If we review the correlation many alts had to that of Bitcoin from the lowest price hit between 2013 and 2017, it's quite plausible to suggest this is an extended bullrun that will last until interest rates go up sometime in the summer of 2022, until then the party continues as follows. Some alts like Band have copied a very similar price action to that of Ethereum in the early days, others like Algo have been more similar to the early days of xrp from December 2014 peak till now. Will Btc dominance repeat an October 2020 fractal? December 2019 fractal? or perhaps an October 2016 fractal, only time will tell.
CRYPTOCAP:BTC.D
by axelrodd
2
Be Cautious With ALTS!Tighten your stops & be extremely cautious with Altcoins! BTC Dominance is breaking out of a perfect Ascending Triangle Target 1 coincides with the projected MA200 and Major Support zone from 2018-2019 Target 2 coincides with the projected MA300 and Major Horizontal level If this setup fully plays out, get ready for some blood bath in Alts against Bitcoin in the next couple of months What do you think about it? Share your thoughts in the comments! If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates The information given is never financial advice. Always do your own research
CRYPTOCAP:BTC.D
by CryptoBullet
19
#Bitcoin Dominance Pump Incoming? Alts in Danger!Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get straight to the chart. It's been a while since I posted this chart on BTC.D, BITCOIN Dominance is currently facing the triangular resistance. The rejection would lead to some rally in BTC pairs. Unless we see a confirmed breakout or a breakdown it's better to wait for now. IMHO Bitcoin looks prime at this point so if the current money in the market flows in BTC we won't see much change in ALTS/USDT pairs. Instead, we will see a dump in BTC pairs because of an increase in BTC dominance. What's your thought on this? Do share in the comments section. Stay tuned More updates coming up. Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
1
BTC.D probabilityafter hitting the first target we are going for the second one which is the midline of the bullish channel. I believe the could be some retracement in that area however, we have 3 possible scenario 1- bounce down to the red support which will lead us into an alt party 2- bounce down but the upper band of static channel support it 3- without any bouncing break the mind and goes for higher numbers all of these options possible but I believe number 1 and 2 is more possible if we check the history and the history wanted to be repeat so we need an alt party
CRYPTOCAP:BTC.D
by ZorgOros
IS ETH FLIPPENING REALLY HAPPEN?The term Flippening was colloquially coined in 2017 and refers to the possibility of the market capitalization of Ethereum (ETH) overtaking the market capitalization of Bitcoin (BTC). Therefore, the term describes the hypothetical moment in the future when Ethereum becomes the biggest cryptocurrency by market capitalization. Lets compare bitcoin dominance to the other coin. ETH is the top and largest altcoin by market cap. Bitcoin dominance shows BEAR FLAG, While ETHBTC shows BULLFLAG. (This is just a simple idea which totally rely on chart pattern.) Is it a possibility of flippening? Lets put your thought in comment.
CRYPTOCAP:BTC.D
by vanperso
2
July 2021 Update: When Next Alt Season?This is an update on my previous idea. An ascending wedge is playing out which typically breaks above the upper line of resistance to reach the 1.23 Fibonacci level at the very least. If this happens, it would honor both classical TA, as well as past chart patterns on BTC.D. RSI should also hit 70 like it has done several times in the past. This seems to be the most reasonable plan. The only change is this: I am willing to consider a scenario where there is a case to start scaling into alts as the dominance hits the 20 week MA (about 49%-50%). IF (this is a big if) these things happen: 1. ETH and major DeFi show reversal patterns on the 12h charts AND 2. BTC continues to be neutral to bullish. If either one of this stops being true, I will wait for the ascending triangle to play out before scaling in. And yes: SCALE IN. don’t buy your bags all at once. Its Ok buying little by little on the way up or down, provided you sell at your intended targets unemotionally. Here is a bonus rant following some of the comments in my previous idea: PLEASE for the love of god DYOR before putting your money in shitcoins. Alts DO NOT perform well when BTC is bearish. Yes you can shill me Link or XTZ and show me charts of how well some coins performed during the wider bear market but those are the exceptions and NOT the norm. There are too many coins and picking winners is difficult. Its much easier to buy alts before an alt season where you do not need to be picky. Buy anything that you like. Even if you miss the 10xes you will still 2-3x on your coin that you think isn’t pumping to your liking. The wise thing to do in that case is to book profits and sit back. This is trivial to people who have been in this space for a long time. Even if you are new, the May crash should have made things very clear. The drastic changes in sentiment and price action WILL REPEAT like it always has. Learn this early and you will survive downturns. Most people who stick around do so not because they made a shit ton of money. They stick around because they SURVIVED.
CRYPTOCAP:BTC.DLong
by brotoshee
4
BTC D -- BIG Drop ? History Ryhms ? BTC looks set to drop like it did in July 2017 (see left circled area) vs (current circled area.) -- both bear flags. The MacD in 2017 did a loop down and then met in the middle, then did another loop down --- current setup on the line looks similar. The RSI is at the same height it was in 2017 when it did the same thing. Last time it came up a bit from the bottom before the line also. I think there is a very strong chance we are going to see BTC take another leg down somewhere around the white line on the chart at maybe 24%
CRYPTOCAP:BTC.D
by CatShark
5
Bitcoin Dominance Update and Altcoins Session is End ..?#BTC dominance Update:- #Bitcoin Dominance currently 46% Last Post I told you if break down 47.20% then Altcoins will bullish. So now some strength in Altcoins. Now..? Now Dominance already bearish so I am expecting One more Altcoins sessions. So Below 46% = pump Altcoins And If dominance above 46.20% then We can see Altcoins more down. Support:- 46% Resistance:- 47.64% Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
CRYPTOCAP:BTC.DShort
by CryptoPatel
12