Dominancebtc
Bitcoin dominance Formation of an ascending wedge before halvingBitcoin dominance chart by market capitalization. Perhaps an upward wedge will form before halving. Then a strong drop in the dominance of bitcoin and pumping altcoins. I showed the zone for a more likely reversal on the chart, although the entire zone for observation is the line of the uptrend.
You also need to understand that the situation can change quickly if domination breaks the uptrend line (red line) and consolidates below it. This will mean the beginning of a downtrend and the beginning of a full-fledged pump of the viola season in which most already do not believe, and this is a good sign.
Domination is for a long time near this trend line of the uptrend, and the further in time, the situation is heating up. Sooner or later we will see her breaking through. I think everyone is looking forward to it.
Bitcoin.Dominance UPDATEAs we have outlined earlier price broke support which has started acted as a resistance.
There has been a relief in most of the alts as we had our setups on ADA's Twitter (more than 40% profit in 10days on alts).
However, price is at support now and also at 150 DMA, thus the "small alt window can be at an end". If Price will not hold above 150 DMA, then I am expecting 69% (~0.50%).
Scenario: alts can give us one small relief for another "small window" but expecting strength at 69% and expansion in up-trend.
If you have any equity in alts, be careful and protect your equity as soon as possible.
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BTC dominance is droppingBTC is king and will remain the king of crypto currencies until proven otherwise.
Alts will have some room to develop a higher high and a high low while BTC dominance is dropping.
Normally the major caps (BCH ETH LTC) will first benefit from this and then the high caps.
XTZUSD SHORTI didnt know they offered margin on bitfinex for tezos but it looks really good and has a great RR.
God Speed Gents,
Mr. Manbearpig
DOMINANCE OF BITCOIN (PROJECTION)The idea is to go to touch one of the 2 green areas marked before making a new impulse marking a new maximum as proposed.
Elements used:
1) Resistance zone and important supports.
2) Professional Market Maker method.
3) Fibonacci retracements.
Elliot wave perspective on bitcoin dominanceHello fellas, we've seen a huge moves on bitcoin in these past few days and in this specific post, I want to do a quick update analysis about the dominance of bitcoin. If you've seen my previous analysis about the correlation between bitcoin dominance and the bitcoin's price, you should know that lately bitcoin's price has a positive correlation with the bitcoin dominance.
Looking at the chart, I use the daily chart which is pretty consistent for the use of swing trader and has a great confirmation whatsoever. Based on EW perspective, I see that the period between September 5th, 2019 - November 12th, 2019 was the A corrective wave in bigger cycle. And with this fact, we can easily see that the A wave has formed a type of Falling wedges or usually known as a leading first wave diagonal. Usually, after this action, we will see the B wave that correct the action of A wave in this market cycle and the B wave could spike to the upside that moves align with the golden pocket zone.
But, other than that, we must consider the 70% level as a strong resistance for this dominance structure. with the price of bitcoin has a potential to touch again $8000 region, I do believe this dominance will have the similar spike as bitcoin has. The higher dominance level of bitcoin means the higher money inflow of the bitcoin and if more money inflow occur on bitcoin, we will see the demand spike comparing with the number of supply of bitcoin which will affect the increase of the price on bitcoin.
Btc Gann Dominance Fibs and other storiesBtc Dominance works on percentages not prices so it should be a slave to the fibs :P
BTC D Btc dominance need to break below 67.5 firstFor the altcoin season we have short term 67.50 barrier and later on the main trendline 63.xx level standing. On the weekly chart its clearly showing. According to the current way we are slowly dropping and altcoin season is becoming closer.
Bitcoin dominance Atm I think that Bitcoin dominance will drop dramatically. In any case monthly gaps need to be filled. Statistics is on our site if it comes to unfilled monthly gaps.
IEXECBTC (requested analysis)I would personally not jump in at this point however if you have been in I would hold. I dont see anything obvious here other than breaking out however its too oversold for me to justify a buy in. This isnt very helpful but I can not in good confidence give a positive or negative call with this chart pattern. However there are other patterns that looks like that are going to mimic this chart.. OMGBTC being one of them.
God Speed,
Mr. Manbearpig
Money Gets Back to BitcoinBTC dominance is trading inside a falling wedge channel and bounced from 0.618 Fibonacci level so we expect dominance moves higher and as a result, the money that pumped altcoins these days will flow back into Bitcoin market and consequently will pump BTC.
UPDATE: 04/11/2019: #BitcoinDominance (#BTC) traject 2019/2020?UPDATE: 04/11/2019: #BitcoinDominance (#BTC) traject 2019/2020?
Market Mapping (Mental Notes)Entry: 10/28/2019
Most likely paths. Targets indicated for bounces. Outlook short term (15min01hr)bearish. Long term (4hr-D) Bullish. Personal note.
Mr. Manbearpig
80% DOM?Becoming more and more likely now that the daily closed the way that it did. Completely out of nowhere but at least now we can be sure to short ALTBTC pairs and rides the BTC bus until possibly December. Its gonna suck for Alt bulls. We need to wait and see how the weekly closes for a confirmation but for me this is evidence enough of conviction towards 80%.
Good Luck Out There,
Mr. Manbearpig
Dominance of BTC (Weekly)Hello guys today I want to give update for dominance of Bitcoin:
If RSI keep goes as this trend price will be uptrend toward 80.
How ever downtrend is possible to touch 7000-6500$, hold stop loss at 7700$ if break.
About Dominance of BTC on MA 200 if 70% break, dominacne can be possible toward 85-90%.
Uptrend may start at these Dates:
At the end of 2019...
At the middle of 2020...
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.
