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Dominancebtc

Bitcoin Dominance 5D Chart Shows Downward TrendDespite the attempts of Bitcoin Whales and Maximalists to maintain Bitcoin as the number one crypto... the market seems to be moving towards altcoins more and more. As new projects form... old projects evolve... and new money floods into the crypto market... it seems inevitable that the 'altcoin' market cap will increase relative to the bitcoin marketcap. That's not to say the Bitcoin Whales won't fight for their prized possession. Through various market manipulations and maximalist shenanigans, they will attempt to bolster the price of bitcoin with large upswings in the price of BTCUSD expected. Follow us for analysis as the crypto markets evolve over the coming summer and US elections and towards the new year.
CRYPTOCAP:BTC.DShort
by Sparkster
BTC Dominance at MONTHLY RESISTANCE Sorry, Guys! I was busy, that is why I was unable to post any analysis. Okay, Today's Analysis are very very very IMPORTANT, as it dictates the crypto market. Bitcoin is the mother of all cryptos, if it moves, let's move accordingly. First, let me give you the concept: CONCEPT: When the dominance of Bitcoin increases, the dominance of Altcoins decreases having mid to low cap. More bitcoin dominance means more people are investing in bitcoin. This means that market is investing in bitcoin and withdrawing their assets from altcoins which causes the altcoins to drop. Let's understand the supply and demand concept. For Bitcoin: Supply = No. of bitcoins Demand = No. of buyers Now, currently is a demand for bitcoin has increased means more buyers are there in the market which directly pushes the dominance of bitcoin and ultimately leads to an increase in its price, and supply is becoming less. For Alts: Supply = No. of Altcoins with there supply ( More than 1000 alt cryptos with billions of supply ) Demand= Again the buyers Now, as the Supply is immensely huge in altcoins but the buyers have shifted from altcoins to bitcoin causing a decrease in demand of altcoins, which lead to increase supply, and that caused the price to the dropdown. That's why the price of ALTS has gone down. Big Alts Like ETH, XRP having large Market Cap follow Bitcoins, but Mid to Low cap coins have a reverse effect of bitcoin dominance. I have tried to educate you guys, I think you have got the idea of how Crypto Market works. Chart Analysis: Right now, Bitcoin dominance is between the Weekly Zone 61.98 and Monthly Zone 64.40. From 13 July, three candles have been into this zone and have been rejected by the support at 61.98. Also, see how the Trend lines T1, T2, T3 are being respected. We might see some retrace back to 61.98, in that case, Alts are gonna PUMP BACK, if anyone holding the alts can exit during the retrace of bitcoin dominance. Those holding Alts, don't panic, wait for the btc dominance to retrace back a bit. BTC dominance is converging, so right now it's not stable. Let it find the support and resistance and be stabilized, then the alts will be back. If next week the btc dominance candle breaks the monthly level 64.40 and a new candle is formed above this level, then BTC gonna pump more and Alts are gonna DUMP more. If Btc retraces back from this level, we gonna see the pump of Altcoins. Thanks guys, I hope you have got the idea of how Bitcoin and let's work in this crypto market.
CRYPTOCAP:BTC.D
by SmartMaxi
2
#BTC Dominance breaks! Altseason continues until this happens!Welcome to this quick update. Thanks for the unmatchable support you've shown so far. Keep supporting if you find my work deserving. 1. Dominance broke down an important support level which held for the last 122 days. 2. As per fractals it should fall for approximately -5.88 % to the lower green support level from here which will result in anther alt rally for the next 4 to 6 weeks. INVALIDATION POINT: 1. If it breaks above the 50D MA (Red line) and closes above it. 2. A positive daily close above the support line (Red Line). This breakdown will result in 200 to 300% profit in the next 4 to 6 weeks in many altcoins. Follow me to know the TOP 10 altcoins to trade this season. THE BEST THING ABOUT TRADINGVIEW IS YOUR CHARTS DOES THE TALKING, So go through my previous altcoin updates to know about my accuracy. If you find it deserving please like and shoot a follow for more future updates. Thanks for reading Stay safe #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
47
Bitcoin Dominance Bottoms Out ! Turnaround 4hr ? #btc #bitcoin Bitcoin dominance has absolutely bottomed out on the 4hr chart and looks to be doing same on 1 day chart too . Surely the turnaround will happen soon - and we'll see Bitcoin dominance and Btc price start to rise - perhaps through towards August . As you can see we hit a TD Sequential 9 in red and there's hard divergence down with all MAs pointing down as well. Rsi is bottomong out at 6 ! This is gonna turn soon in my opinion and head back up . I wouldn't be surprised if people are coming out of their alt postions soon ( or already . )
CRYPTOCAP:BTC.D
by shimmeringpath
Is the altseason already nearby?📊 The breakdown of support and BTC dominance index downward movement strongly affected the entire cryptocurrency market. Altcoins are gradually starting to reveal their potential. A lot of coins are pumping now. Chainlink, for example, has reached its ATH. And Dogecoin made more than 100% in just 2 days. 👀 Flat movement of BTC led to a drop in the domination index to 64% level and has a positive effect on altcoins, which will continue to grow against BTC and possibly return to their March values. 📉 The index has formed LL and BOS on the chart. This indicates a continuation of the downtrend. 🗣 However, do not forget that in case of a strong BTC impulse, money will begin to flow back. This might directly affect the alts. Part of the coins will go in to correction. Some will follow bitcoin. ✨ A breakdown of the 62.5% BTC.D level will open the doors for the altseason similar to 2017-2018. Remember that it begins after BTC completed its upward movement. ⚠️ The worst option for altcoins is domination above 73% level. It’s not even worth saying what will happen to the coins.
CRYPTOCAP:BTC.D
by killzonemaster
1
Bitcoin dominance & ALTSEASONI like it all the more that, despite the impulse movements of BTC, shitcoins do not experience such extreme drops, so it can be said that they are strong and relatively stable. I've always kept from thinking about ALTSEASON until after the breakdown of the primary support trend. Until yesterday, I was waiting for a more prominent daily candle, which will confirm the breakdown, and that's how it happened. Looking at today's daily candle and yesterday's close, we can say that it really didn't hold the trend and the dominance should start its journey DOWN. 4H-12H MACD + Histogram bearish, Daily turns towards bearish cross. 3D and even Weekly indicate a potential bearish cross, which, if this week closes, confirms the idea of ​​a medium-term shift of focus away from BTC. The RSI is in the neutral zone on all High TFs, so it has plenty of room to drop. 1D chart:
CRYPTOCAP:BTC.DShort
by Tradify_Seb
3