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Dominancebtc

BTC.D market updateHello, Traders! After falling steeply during March-May this year, there has been a rebound in the BTC dominance chart. The pattern in the market remains as follows: when Bitcoin's price drops, altcoins lose more value than Bitcoin, and when it rises, altcoins lag significantly behind. This shows us that Index (Bitcoin) is stronger than other assets in the market. This dynamic causes the BTC's dominance to increase. At the moment, the price value on the dominance chart is in the range of 46.05 - 50.12 As can be seen from the past, this range served as a reversal zone in 2017-2018. Altcoins have lost between 75% and 90% from their highs so if the current trend continues, we could see an exit to 50.12 on the dominance chart after which the market will reverse. Good luck and watch out for the market!
CRYPTOCAP:BTC.D
by UnknownUnicorn10064030
TrendTracers Weekly Market Analysis #7TrendTracers weekly analysis Review last week conclusion Last week’s conclusion still holds up. Bitcoin is more bearish and we profited off some shorts. BTC BTCUSDT is testing the HMA after a buy signal indicating a possible long but price is still in chop. Price is ranging and we broke slightly above resistance finding liquidity and dropping back down into the range. We will be more bullish when price breaks the 36500 level, where the EMA is. Beware taking longs here since price is still below the weekly baseline and within a range. BTC.D is still accumulating from the lows and hasn’t done much since last week. The chart is moving sideways but it’s definitely not altseason. So our advice is to stay out of altcoin longs. ETH Our bearish case from last weeks is playing out on ETHUSDT. Price broke down from the ascending triangle and we expect a drop into support between 1750 and 1400. Alternatively price can form a higher low here but to confirm it a bounce above 2300 is needed. If that is the case and our system prints a buy signal, we go long. ETHBTC is still within our triangle but it needs to reject the lower trendline soon. If this pattern plays out it will suggest a breakout to the upside, meaning a larger movement of Ethereum than Bitcoin. DXY, USDT We called a bottom on the DXY last month and it looks like we were right. DXY shot up 2.3 percent since then. A test to 93 is expected, if this level breaks there might be a global sell off across the markets. Let’s hope that the DXY will reject the 93 level. USDT.D is creeping up towards resistance. We are waiting on a rejection at 5.00 percent. Or we are forming a range here meaning some more upside for BTC on the downtrends. If USDT.D breaks resistance at 5.00 percent and stays above it for a couple of days then the crypto market will be very bearish. Conclusion The market is going sideways. On BTC we want to see 37k break or we want to see a liquidity grab around 28k and a quick wick up. Until then, sitting on your hands is still the thing to do. It has kept us safe during this chop. These are periods in the market where a lot of traders are losing. It’s best to wait for price to start trending again and when the trend is confirmed, act on it.
CRYPTOCAP:BTC.D
by dab1rd
$ALT Altcoin - DominanceI want to let you see some levels on dominance.. I dont like to chart the dominance but it respects some PA. What we here see is that altcoins will bleed more and more then BTC. This means we can see a dominance of 50% - 51% and thats not so good for altcoins. I think the altseason is finished for now. BTC needs to make his move up and stabilize on a good support. If BTC pumps it will bring more bleeding on altcoins. If dominance goes more up and if BTC finish his pump, it will bring altcoins a little bit green back. Stay for now out of all altcoins if you dont know anything of PA. Have a good day ! And keep youre money safe !
CRYPTOCAP:BTC.D
by OutlawWarriorX
BTC the best choice right now !!based on our previous chart as we predicted that BTC.D will broke this supports level n already did it. on that same chart we r saying that there r small bounces up a long the way. the national trend is downward n alts will make profits but not at the moment. for NOW what to do is simply:- 1- Dont sell alts for now just hold, less than 3 months n everything will back again like it was n BTC.D will start again falling down. 2- Dont buy ALTS for now, of course that is discount but it wont go higher at the moment n we will see more discounted prices. 3- STRONGLY BUY BTC !!! why to buy BTC ?? BTC.D is bouncing up n it will take weeks to fell down again, so for the current phase it is the best investment choice. whales alert figured out at 30 k support, my opinion that they wont get the price lower than that, n even if it went they wont sold they will buy more BTC. look at the past movements since 2013, BTC always moves first, whatever we r bearish or bullish, it always leads the markets in either direction. we already went to 30k after 65k ATH. the worst scenario for btc that it will touch 18k support n I think wont happen. this wave can make from 2x - 4x from the currently price, which means if we bounced up successfully from here we can see 60k - 90k - 120k then it wall fall down n we will flip to alts at the point.
CRYPTOCAP:BTC.DLong
by BTC-fire
Bitcoin Dominance Altcoins More Blood bath coming...? #BITCOIN Dominance Update:- Bitcoin Dominance currently 45% As I suggested you if Dominance hit 39-40% then best time to exit from Altcoins. Hope you happy who followed Dominance Update. Now almost 50% down all Altcoins after bounced back from 40% dominance level. Now..? Now 46% is resistance level of BTC dominance. If breakout upward then we can see more blood bath in Altcoins. But if Rejected from 46% level then we can see some uptrend in Altcoins. Below 46% recovery possible. I already warned you about this scenarios. Keep an eye on levels:- Support:- 40% / 35% Resistance:- 46% / 50% / 52% / 60% Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
CRYPTOCAP:BTC.DLong
by CryptoPatel
22
BTC DOMINANCE IS RESISTANCEHey as you remember I did shared btc dominance chart and I just signal about to alt rally is coming soon. here is the my analysis about to dominance Right now btc dominance give us very bullish signal ! so what we expect right now. But I see Correlation is distorted on bitcoin for a long time. If the dominance is in an upward trend, we can say that the rally is over on both bitcoin and altcoin sides, hopefully this will not happen. but we have to take this into consideration.
CRYPTOCAP:BTC.D
by emrelg
Bitcoin Dominance Update and Altcoins session is over..?#Bitcoin Dominance Update:- #BTC dominance currently 40% ⁠Bitcoin market dominance falls to three-year low of 40%. The last time when I was posted chart that time Dominance was 46% Good going as we expected. 39-40% is strong support so we can expect a bounce back from this level. But If not bounce then the last support will be 35-36% where we can exit from all Altcoins. Profit booking is started as per my view. And I also expecting altcoins to dump hard if Dominance pump from this level. Keep an eye on My levels:- Support:- 39% / 35% Resistance:- 50% / 60% But please keep an eye on your trade and don’t forget to Placed a stop loss if you opened any Future trade. Please click the like button and Appreciate my hard work. Must follow me for the latest crypto real-time updates. Thank you.
CRYPTOCAP:BTC.DShort
by CryptoPatel
20