BTC.D - Exit the distribution zone I noticed that many altokines are ready to grow faster than bitcoin. Dash ZEC WAVES and many others showed excellent growth on this wave.
The dominance of bitcoins continues to decline.
Trend is broken (marked with a blue line)
EMAs indicate a continued downward trend.
you need to look at this indicator.
when the dominance looks weak. the altocoins look strong.
Friends, thanks for your likes and comments!
Good luck with trading!
Dominancebtc
Dominance is NOT looking good for alts.What do we see on the chart? Equal highs, BTC Dominance with impulsive move to the upside. This is not the time you would like to be trading alts with ease.
Dominance rapidly going up means most alts are on very bearish trends versus bitcoin. And in times like this where traders want to cut their risk, it is natural.
We see more upside for the dominance chart which means it is still not the time to scale into alts.
BTC DOMINANCE (Y20.P1.E1).BullishHi All,
Looking at the daily BTC dominance, we see that its about to break out to the upside.
What can this mean?
a) Bitcoin is going to go up more quicker than the ALTs
b) Crypto is about to go down fast and BTC will retain more value than the ALTs
One observation from historical data is that BTC does better than the ALTS when its below the WEEKLY 21 EMA.
When we go above the 21 EMA, the ALTs tend to do better.
I have 2 samples here with BTC pairing to prove this point.
I am of the thought that BTC has a little more to go up, for now, I'm looking for a pullback.
This is not trading advice, just an observation. If your due-diligent enough to find ALT pairing charts that have a break out formation, then good for you.
If you don't, then stick with BTC as its less risk, especially in the next week or 2.
Refer to my previous post for details.
Please give me a tick or a like for your appreciation.
Maybe some of this will give you ideas on how to look at the bigger picture.
Regards,
S.Sari
BITCOIN Dominencenow this weekly chart of btc dominence enet)red in intresting zone. According to Technical Analysis that Btc.D (Dominence) will traveled to downside. Because Btc.D have been retest or retracement the up trendline and will down to consolidation area that I mentioned. According to SMA 200, BTC.D closed below 200 SMA that shows that market of dominence will fall. But another scenerio that due to COVID market going according fundamental Analysis so Be carefull.
if btc.d fall then altcoin market will boom!
Bitcoin Dominance Update & Altcoins Dump..?Bitcoin Dominance Same work our Last Analysis.
And I told you that time You can Secure Profit if you followed me you earned lot.
noW Dominance At Resistance Level at 65.50%
If we hold this Resistance And break upward side then You can close your Altcoin Position but if Rejected form This Resistance Level then I can Buy more Altcoins.
Resistance : 65-66%
Support : 61%
Keep an eye on both Level.
This is very important Level.
Please like and Follow me for latest crypto updates.
Thank you
Bitcoin Dominance 100% correct Last update hope you booked profi#BTC Dominance 100% correct Update:
#bitcoin Dominance Finally same as I told you and also told you sucure profit form #Altcoins
Hope you earn and earn.
Nobody told you about this Correction.
1)- If Dominance Break upward 65% then #Altcoins Bloodbath More so be careful
2)- If Dominance same like our Chart then Once #altcoinseason also Posible.
So be prepare and keep an eye on our Every update.
Support: 62%
Resistance : 65%
finally I told you last update you earned and save your loss.
keep an eye on our every update for latest Updates
Please like an follow me for latest crypto updates.
Thank you
Bitcoin Dominance analysis : Is an alt season over?The cryptocurrency market is witnessing a correction for the last 48 hours, Bitcoin price had dropped from 10500$ to 9700$, and Major cap altcoins like XRP,ETH, LTC and EOS saw an average drop of over 15% in last 48 hours. Cryptocurrency market cap lost 30B$ value in past 48 hours, while Bitcoin dominance saw an increase of 5%.
Now the question is?
Is it a normal correction for altcoins, or Season is over? To find the answer, we will look into Bitcoin Dominance Technicals.
Findings based on Daily Timeframe chart
BTC.D broke down from a Major trendline last week, which hold the BTC.D above this support for 10 months.
BTC.D bounced back from support at 62%, from which BTC.D had bounced in July’19, after that Altcoins started dropping to new lows.
Bitcoin dominance retested Trendline neckline support yesterday, and currently trading below that.
Opinion
Altcoins can recover quick, and push for another bullish wave only if Bitcoin dominance stays below 65-66% – which is also a trendline neckline support. In that case, Bitcoin dominance could drop below 58% in next few days.
If BTC.D manages to stay above 66%, then there is a more than 50% chances that – altcoins can continue drop against bitcoin till Bitcoin Halving.
Check out our long term Bitcoin Price analysis -
itsblockchain.com
Bitcoin Dominance Chart Bullish so Altcoin Bloodbath Soon.?BTC Dominance Chart Now Bullish
so now current Bitcoin Dominance is 63.30%.
Whats Charts Says?
According to Chart in Daily Time Frame Bullish Engulfing Pattern Working.
So if This pattern success then Altcoin Bloodbath posible.
Because if Bitcoin dominance will increase then altcoin dominance do down.
and Then altcoin dump posible.
so always secure profit with time to time and never be greedy.
our Last bitcoin Dominance Chart Working Exactly as I told you.
I told you about this altcoin session and Dominance down when dominance was 70%.
so guys be prepare for both Scenario.
in Cash if This Bullish engulfing pattern fail then big Altcoin session again posible. so prepare both scenario.
Please like and follow me for latest crypto updates.
and also check our link IDEA for our Updates
Thank you
BTC Dominance DroppingStill learning and a long way to go. Mostly have followed FA, but this looks interesting to me...seems we are at a tipping point. Would love to hear input of others on where we are headed. Will a surge in alts occur before the halving, after the halving, or not at all until the lucky few surviving projects show true network effect and actual value. My thinking is that the market is strongly driven by greed, FOMO, and the herd mentality. Although there are definitely more mature forces behind the bigger moves, so always expect the unexpected. Any thoughts are appreciated:)
BTC.D >> Bitcoin Dominance targets in 2020-2021Hi everyone,
I believe this space (cryptoland) is becoming very interesting as dominance slowly is shifting away from Bitcoin into some major alts whose projects have excellent execution and increasing/promising use cases as time progresses. Bitcoin continues to be a great store of value yet some alts are beginning to steal the show. It is my conviction that Bitcoin dominance is in a multi-year ABC correction (beginning 2017) having completed the A wave in 2018 & B wave (relief bounce) in 2019 & has begun the C wave a number of weeks ago.
Important note: With bitcoin dominance generally being in a downtrend over the coming year or two, this does NOT mean at all that the Bitcoin price won't appreciate. On the contrary: As its market cap dominance decreases, Bitcoin will continue to increase in price and adoption. It is a common misconception that Bitcoin price is positively correlated dominance needs to increase in order . Truth is: the correlation is very low.
Anyway, back to the chart: we present 4 targets for Bitcoin dominance which we think will play out in 2020-2021. Breaking the 50-53% level triggers another roaring alt season, not unlike the one of EOY 2017. By that time, Bitcoin would have likely surpassed $20k (its previous ATH) and so investors and traders would begin diversifying their bitcoin gains heavily into the Altcoins.
The targets presented are very technical, actually, based on multiple Fibonacci retracement analyses. We believe the end of the C wave would show an ATL Bitcoin dominance of 25%. AT that point, you can be almost sure that the bull cycle has ended and cryptoland is entering another multi-year winter (bear market).
Cheers,
Leb Crypto
ALT SEASON IS HERE - YOUR WINDOW OF OPPORTUNITY Looks like at season is here.
Unless you stacked up on alts when I posted this analysis back in December:
Most likely in the next few days there will be a small retracement (most likely BTC will dump 5-10% to help with this) and this would be your best moment to buy some alts!
If interested here is a list of alts I am thinking about getting for myself in this alt season: ETH, LINK, KNC, WAVES, HOT, BCH, XTZ, ATOM, MKR, BAT, ICX, REP, ZRX, SNX, THETA, ZIL, RLC, NRG and other...
** NOT FINANCIAL ADVICE ** of course ;)
Bitcoin Dominance Update #BTC Dominance Chart Update:
I told You if 67% break then big altszn I hope you got it.
now Dominance at support 65%. we can expect now dominance one spike.
#Altcoins can go down little.
secure your profit.
if break upward 67% then we can see blood bath in altcoin.
But if not break 67% upward then ready for one more big altsession.
keep an eye on every updates.
Support: 65%
Resistance : 67%
both level is very important for us.
bellow 65% big altsession and above 67% is blood bath in altcoin so good to exit from altcoins.
please like and follow me for latest crypto updates.
Thank you
UPDATE 18/10/2019: BTC Dominance bottom probably 67.00 - 67.25UPDATE 18/10/2019: BTC Dominance bottom probably 67.00 - 67.25
BTC Dominance 18/10/2019
BTC Dominance Zone by trend
Direction: Short
Reasons:
- Price in Downtrend
- Period of time OCT - NOV -DEC
- bottom probably 67.00 - 67.25
- Time of placement: 18/10/2019
Dominance BitcoinI see on the chart soon we will have the intersection of MA50 and MA200 and this is called - Death cross
The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock's short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.
The last week you saw a good movement of several alt coins paired with bitcoin, most likely this trend will continue
There are several signs of the alt season.
What do you think about this?
Best regards EXCAVO