Dominancebtc
Bitcoin Dominance update / Altcoins Sessions is over...?#Bitcoin Dominance Update:-
#BTC dominance currently 42%
Last time when I was posting chart that time Dominance was 46%
Good going as we expected.
39% is strong support so we can expect bounce back from this level.
And I also expecting altcoins dump possible at this level.
Keep an eye on My levels:-
Support:- 39% / 35%
Resistance:- 50% / 60%
I can expect some more time for Altcoins sessions as per dominance chart.
But please keep an eye on your trade and don’t forget to Placed stop loss if you opened any Future trade.
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bull run has end ? sell now or hold ? n which coins ??okay to explain what is happening right now...
this is hard to have that corrections I know n maybe some of u have lost more than 70% of their wallet value, however its all really about risk management and how to deal with fear n greed.
BTC.D is the most clear indicator which says the condition of the bull run we have in 2021.
when BTC.D go lower n lower dominance will be going to Ethereum n other alts.
successfully we managed to predict the market move from a month ago n w mentioned that BTC.D will go more down to this levels n this is so good for alts.
(link of the idea left below this article in the related ideas section)
Form March to April: BTC.D went from 62.5% to 55% (7.5%), at that time market was making decent profits.
From April till now: BTC.D went from 55% to 41.5 (13.5%) ( n maybe will go lower) , so guess what?? , it is the double that's why we got more bloody days in last weeks during April n we will be rewarded for this the double profits in march believe me.
as the dominance went down in April the double it went in march , so profits will be huge in may double that in march.
for me, it is more safe to depends on strong alt base coin not modern ones.
My recommendations over here:-
buy CRV, it will reach $7
buy SFP, it will reach $8
buy 1INCH, it will reach $15
buy NEO, it will reach $200
buy XRP, it will reach $3
buy ADA, it will reach $3
buy REEF, it will reach 18 cents
buy BTG, it will reach $500
buy LTC, it will reach $1000
buy DASH, it will reach $1400
buy EOS, it will reach $25
buy LSK, it will reach $27
buy BAND, it will reach $40
buy VET, it will reach $1
buy ZIL, it will reach $1
good luck👌
BTC.D worth to keep eye onHello everyone,
BTC.D H&S paterns target is almost reached
We might see a dominance bounce and suction of some overbought alts into papa soon
Rejection in the red zone in circle might cause a further dominance drop till end of the year in to the new lows.
Cheers
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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DOWNSIDE CONTINUATIONHi traders!
I expect BTC dominance to push lower
Now it is completing retest of orange channel
I think it will be a last part of altseason for now(1-2 month)
After all liquidity will move to BTC and it will go to 300k targets(december-january)
At the end we can see one more final sharp ALTSEASON and then will start a cryptowinter))
🤓Trade safe
Altcoins Session Ready for end and what is exit point form alts#BITCOIN Dominance Update:-
Guys Altcoins Sessions end or not...?
I will update all information in this IDEA.
Now Dominance is trading at 46%
And this is below of support level so now altcoins is bullish.
But I am waiting for 39% dominance level.
If this comes then I will exit from all Altcoins and Also Update you what will you do for Safe your fund.
If any reason I will not update then uou can exit from Altcoins around 40% dominance level.
I told you to buy bag from altcoins when Dominance was 71% so jow all altcoins 20x-50x from that level.
So prepare for Exit from Altcoins.
Support:- 39%
Resistance:- 50% / 52% / 57% / 60%
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And share to your friends for update this scenarios.
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Thank you.
Bitcoin dominance Update 05 May 2021Bitcoin resuming his uptrend may stop altseason's uptrend for a few weeks, however, the dominance of bitcoin can still fall to 40% or 35% which supposes the continuation of the altseason period, but if bitcoin resumes its dominance to 50% or more we can be in a pause for some weeks or months
#btc.d #weekly #bitcoindominance #btcdominanceHi guys..its the latest analyze chart of #BTCDOMINANCE in weekly time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Bitcoin Dominance UpdateThe second scenario is happening and Dominance break below the 50% level. The next support for dominance is the 45% area and then the 40% area. Bitcoin dominance is going down because of the ETH rally in the BTC pair. Other alts are not much pumped or struggling in the market. Always use stop loss in all trades because dominance can start a bounce anytime on a weekly timeframe, leading to a dump in alts BTC pair.
BTC dominance reached strong levelBTC DOMINANCE UPDATE
hi guys we can see that BTC dominance finally dropped below 50% first time since 2018 !
As a result we had good alts season in previous days/weeks
We can see in chart how strong is this level (around 49%-50%)
now we wait for a possible movements either a more breakdown and if that happen we can see mega alt season like we have in late 2017 or even more 🚀
Or small bounce up lead to correction in alts before more rise
Important resistance : 53% - 57%
Important Support : 49% - 44% - 40% and below
My expectations is.. we have high Chance to see dominance below 40% in next few weeks 🤑
Lets see and trade only what chart tell not what you want and don't forget we are currently setting in strong support
Good luck 🤞
Bitcoin Dominance to set All time lows We should see bitcoin dominance ( BTC.D ) slowly decay as we get towards summer. I expect a rebound later this year and then as altcoin season kicks into final gear, bitcoin should print a lower high while altcoins take off to new highs. Causing bitcoin dominance to potentially break all time lows. However, if that happens it will be quick rebounding meaning that altcoins will top at the same time ( TOTAL2 TOTAL2). Bullish all around but altcoins set to outperform. Very similar to 2017 except it has been 1230 days since the 20k peak and a lot of new money is here. Exciting. Take profits in summer, buy the dips, and sell most altcoin holdings come 2022 :). BINANCE:MATICUSDT BINANCE:VETUSDT KUCOIN:API3USDT
Btc dominance drop cenarioAs mentioned before, Btc might print a double bottom.
Check previous TA.
Coinmarketcap shows 49.9% btc dominance at the moment.
Its happening really fast!
Faster than what i draw before in those pink lines.
Will BTC hold the ground at 50% dominance, or continue droping?
A 50% drop from last top will create a double bottom at 37% btc dominance.
If we continue droping. I guess we can say that the alt season actually started in early January this year.
Anyhow, still bullish on BTC .
Bull run is still intact imo.
Bitcoin Dominance 5Y Trend LineBTCD Trendline
It appears the BTC Dominance trendline is continuing its long term move lower. However, on a short term time frame, it does seem due for a bounce back up towards the trendline. I expect it to jump back up to the 55-65% zone in the near future.
So long as the global crypto market cap keeps going up, it's just a matter of time. People are just cycling through different alts. Eventually it finds its way back to BTC and the cycle starts again.
One noteworthy change each Supercycle is that the alts become more and more advanced each time. In 2013, the alts were quite honestly pathetic. LTC, Namecoin, Feathercoin, very early XRP. Bitcoin Dominance went from near 95% down to the high 80's.
Then 2017 came along and was the real "coming out" party for alts. ETH being the real breakthrough with smart contracts and ERC20 tokens, which led to the ICO Bubble. This one really had that 1999 tech bubble feel. People were making altcoins using copy paste technology, desperately trying to make up a use case. A lot of words, a lot of "ideas", very little execution. Tons of vaporcoins.
Now we have this Supercycle, where the alts are clearly seeing a lot more use cases, largely thanks to DeFi. Yield farming, collateralized loans, on-chain insurance, synthetic assets, futures and options, NFT's. All of this stuff is crowding the ETH network and opening doors for other projects to get real utility.
We are seeing that the multiple blockchains act like multiple highways. ETH is congested? People will head over to Binance Smart Chain, MATIC, even Tron. We are seeing why it's important to have multiple chains. There are enough transactions to go around at the moment. This could change if Ethereum really solves the scaling issue, but for the near future, it seems that other blockchains are going to capture increasing volume.
All that to say, it seems as time passes, more and more projects are solving real use cases, and thus we should expect Bitcoin Dominance (BTCD) to ebb and flow, but generally trend downwards. The good news is, BTCD decreasing is often aligned with Global Crypto Cap increasing.
BTC Dominance possible bounce scenario (just a possibility)Fractal taken directly from when we reached this support zone in the last bull run and saw multiple bounces over the course of many months. The RSI indicates that this is a possibility as right now BTC dominance is undervalued by a few % - every time we have seen this we have seen a bounce. This is not the scenario we want as it means we likely won't see a full-blown alt season for many months (October according to this analysis).
Personally, I do not think we will see something like this happen, we may see a bounce or two however I am expecting a drop below that support line in May.