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Dominancebtc

Bitcoin Dominance Chart is KEY 🗝️What is the Bitcoin dominance index? Binance BTCDOM Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin. The BTCDOM Index is a metric that traders can use to quickly get a sense of Bitcoin's value relative to that of the broader cryptocurrency market. What does low Bitcoin dominance mean? Indeed, if the dominance of BTC decreases, it means either : A relatively larger inflow of new capital into altcoins than into BTC. Or it represents a transfer of capital between BTC and altcoins, with participants taking their profits from BTC and injecting them into the altcoin market. How is Bitcoin dominance calculated? If we look at the summative market capitalizations of all the existing cryptocurrencies, then we can arrive at a total market cap valuation for the entire cryptocurrency space. Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets. How does Bitcoin dominance work? Bitcoin Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin. ... When BTC Dominance increases, alts, on the whole, lose value against BTC. When BTC Dominance decreases, alts on the whole, gain value against BTC.
CRYPTOCAP:BTC.D
by FX_Professor
2
#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