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Dominancebtc

Whats happening with BTC?We can see that BTC. D is dropping, and will continue to drop till it hits resistance around 67%, a trend reversal around these zones is possible. We can use this to influence our bias for BTC , Bitcoin will continue to drop until its dominance regains upward momentum. The Bearish momentum doesn't look like its stopping soon, the alligator MAs are spreading out showing fast price movement in a downwards direction.The red highlighted zone is the work case senario for BTC.D with a drop down to the 65% region before the trend reversal. We are looking at the reversal starting roughly at the end of 2019, with bullish momentum at the start of 2020. Possible BTC 16K outcome by the end of this bull run. BTC has potential to make it to 32K with the amount of Buyers and sellers there are. We shall see how the market responds to these key levels before making huge predictions and be biased.
CRYPTOCAP:BTC.DShort
by aaryanmistry_
Can you chart Bitcoin Dominance?Does it make sense to chart the dominance of BTC marketcap over the rest of the crypto market in the same way you would chart a pair like BTC/USD for example? On the chart is an indicator I made from the Ichimoku Cloud, it simply goes long when prices closes above the conversion line (in yellow) and short when it closes below it. As you can see, following this indicator blindly would result in positive gains over time were you to take advantage of the signals generated here. The conversion line period is 6 for reference. I have see a lot of analysts commenting on the dominance chart as a measure of how well alt-coins are doing against BTC. This is more a question than an idea - does it make sense to apply technical analysis to this chart? Are the rules the same? Why is it different? Why isn't it? For the purposes of this being an idea, it appears that BTC dominance is currently in a downtrend, is below the yellow conversion line and this is reflecting in the broader alt-coin markets
CRYPTOCAP:BTC.D
by bennef
Bitcoin vs AltcoinsHello, Traders! Monfex is at your service and today we overview BTC Dominance. Turning point? We are located near the resistance line. Will it hold on? Very likely. The market firmly pushed off the resistance line! Target zone ~ 66,50 %, it's our support line, good trading volume support zone. By RSI we have a strong bearish divergence with price. Indicator Alligator looks like soon it will go down, give us short signal. Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
CRYPTOCAP:BTC.DShort
by Monfex_UK
SKY vs BTC.DSkycoin is consistently ranked as one of the most actively developed projects. After a few rough months, it seems that a new trend is trying to start. As BTC dominance fell from the 72-35 range back into the high 60s, Skycoin price seems to have stabilized in an accumulation zone. Since there was a lot of mention of development, I setup github & started watching the repos closely. Skycoin has a lot of public repos and there is a lot of information to review in there. By primarily watching the code, it became clear that throughout the process, development continued. It may have sped up as the reorg was focused on creating organizational efficiencies. Highlighted in the grey boxes are times when Sky pumped when dominance was falling. Green lines shows the next few levels of resistance on the way up if the project gets traction it seems to be getting. Purple line is the potential trend reversal for BTC.D in conjunction with the stabilization of skycoin price level.
SLong
by patternrcg
1
BTC Dominance Update - Bitcoin Topped OutAn update from my last Bitcoin dominance idea, where I called out the dominance would top out in September then start to gradually fall before alt season. I say this with confidence, I don't see bitcoin going any higher than 74% dominance. In September it topped a little over 73% and has failed over and over again to break that. A lot of people are calling 90% dominance, and I just gotta say you're delusional. The daily hold at 69.92% was the absolute top before the 2017 'Altcoin season'. For those of you that look at other charts besides Bitcoin, this chart looks exactly like the DOW and the S&P, both failing to trend higher and are at a calm before they hit the fan. Just look at the chart, it could barely hold its own above the daily, and now it broke it's longterm uptrend stending from the beginning of this dominance bull market. My prediction is the Dominance will continue to struggle to hold this level, and even test the bottom of the uptrend before it really starts to fall. From there, it history will repeat and there will be another altcoin season. Taking a look at all of the altcoins, they have all slowly and steadily gained satoshi value against the bitcoin in the recent month. This will continue happening and we will be in altcoin season before we know it. I'm not saying Bitcoin is going to tank in price, to be honest this month I believe price will do exceptionally well, but the altcoins will outperform it. Q4 has historically been very good to Bitcoin. Let me know your thoughts, and enjoy the Halloween themed candles. As always do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.DShort
by kyer