BTC Dominance Analysis: Potential BreaksTraders,
Here's a snapshot of BTC dominance and its implications:
Resistance Zone: BTC dominance is encountering challenges breaking above the 55% resistance zone.
Altcoin Strategy: Any breaks below the trend line signal a need to add more altcoins to our portfolio.
Risk Management: Exercise caution and monitor the general trend of BTC to mitigate potential losses.
Super Bullish Run: It's worth noting that the super bullish run may come to an end around the middle of next January. For detailed insights, refer to related posts.
Stay informed and trade wisely!
Best regards,
Dominancebtc
Complete analysis of Bitcoin DominanceHello friends
I hope you have made the most of Dominance Tether analysis. (be sure to read the previous analysis)
Usually, on important days, the market maker does everything to create fear and make people excited (even disabling Instagram, Meta and Facebook) in order to collect liquidity and throw the unruly and careless trader The shake-hands out of the market.
To complete the viewpoint and identify the important time ranges (change of bitcoin status from bullish to bearish) and altcoin party time, we come to Bitcoin Dominance.
As you can see, it is about 3 months that the chart is moving in the range of 53-55%.
There are several important reasons for Bitcoin's dominance to decline.
1: Approaching the long-term downward trend and negative RSI divergence in the daily time frame.
2: I explain with a simple example, the upward trend of the chart is like a stone that is thrown upwards, its acceleration gradually decreases and creates a curve, this indicates the weakening of the upward trend of Bitcoin. Now it has to correct some of the upward path so that it can attract liquidity again and gain momentum
Time analysis:
Breaking or touching the floor of the current range (yellow box) will start from March 10gh to 11th, which will probably cause the market to floor, the exit of the shake-hands and the re-entry of investors for the altcoin party.
The next range (blue box) 48.90 to 50.50% continues for 1 month to 40 days, which causes the main altcoin party.
May 10th to May 13th (white dashed line range) is one of the most volatile and determining market ranges, which will probably witness the continuation of Bitcoin falling to the range of 44,000 and break of the support of 48.91 to 47.62.
If the structure of the time lines is changed, the analysis will be updated.
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USDT.D domination approaches an important areaHi all. Timeframe 1 week. The dominance of USDT.D is globally in an ascending channel, after breaking down the triangle, it is approaching important support. Where with a high degree of probability there will be a rebound/correction of the entire cryptocurrency.
Bitcoin Dominance VS AltseasonBitcoin's dominance has been protected on the 3D time frame by the EMA 50 since January, so for me a candle close below the EMA 50 could mean the start of the Altseason (Altcoin Season).
Remember that we are currently experiencing a correction in the cryptocurrency markets, which is healthy in the long term before the real bull run begins.
BTC.D probabilitesdespite that long ter pas from my latest analysis about Dominance , all the lines and analysis have been done over 1.5 years ago at the time that crash happened , I followed the money follow at that time on the price chart and find the probable demand and supply areas on dominance which worked well till now , and as you can see the reactions on each line was accurate , but this area that we are facing now is very important , breaking the yellow diagonal line could lead dominance over 55 and it can reach to 58 % which is very important factor in crypto market , this could cause a huge crash on Altcoins (on /btc pairs) and could cause a unrecoverable damage to their value against BTC.
and the vise versa exactly can be considered , the fall of dominance from this stage could give the alts a huge pump (considering the money that flowed into crypto market lately almost half a Trillion $) that caused this pumb.
so we need to be alert about each situation . this idea need to be update by some other related charts (Total and Total2 along ETH.D ).
TradFi Assets On-Chain (aka altseason 2024) 10T++Hey hey everyone,
I´ve decided to come up with the market cap dominance review after some while in key moments, back in the WATCH TO area.
I tried to get as much info together as possible in simple way explained. Below you can find additional charts and informations.
Hope you will like it.
In the ever-changing world of cryptocurrencies, Bitcoin (BTC) has long been regarded as the dominant force. However, recent trends and developments have begun to challenge this position. In this post, we delve into the factors contributing to the shifting landscape of Bitcoin dominance, also known as BTC.D, and explore the implications for investors and the broader market.
1. The Rise of Altcoins and Their Impact:
The cryptocurrency market has witnessed an explosion of altcoins, each offering unique technological innovations and applications. This diversification has drawn investors' attention away from Bitcoin, leading to a distribution of market capitalization across a wider range of assets. Projects like Ethereum and Binance Coin have carved out significant niches, offering functionalities and use cases that Bitcoin cannot replicate, thereby diluting Bitcoin's market share.
2. Regulatory Shifts and Their Influence:
Regulatory interventions in various countries have historically impacted the crypto market significantly. Changes in regulations can affect not just the price of Bitcoin but also its relative position in the market. For instance, stricter regulations in major markets can lead to decreased investor interest in Bitcoin, while more favorable regulations in other regions can encourage diversification into altcoins.
3. Technological Advances:
Blockchain technology is continually evolving, and new cryptocurrencies with improved functionalities or more efficient solutions have emerged. These technological advancements can reduce Bitcoin's dominance as investors and users seek out newer, more innovative options.
4. Institutional Adoption and Diversification:
The increasing interest of institutional investors in cryptocurrencies has led to more diversified investment portfolios. As these investors explore beyond Bitcoin, the dominance of BTC in their portfolios is naturally diluted.
5. Historical Corrections and Their Lessons:
An analysis of Bitcoin's historical price corrections reveals patterns in its dominance fluctuation. These corrections, driven by various factors including technical, fundamental, and external events, offer insights into the potential future trajectory of Bitcoin's market dominance.
6. The Coinbase Initiative: Integrating Traditional Finance with Crypto:
A recent development in the crypto world is Coinbase's plan to bring traditional financial assets onto the blockchain through a new platform named 'Base'. This initiative, under the oversight of regulators in Abu Dhabi, signifies a merging of traditional finance and cryptocurrencies. It has the potential to alter the dynamics of the market significantly, impacting Bitcoin's dominance as the lines between traditional finance and digital assets blur.
There is also one more interesting metric for a kind of Bitcoin dominance and that is dominance compared to gold.
I posted in Oct 2018 to buy GOLD for BTC and in 2019 to sell the rest of GOLD 4 BTC
Since then lot of time passed and nothing has changed my mind that selling gold and holding the DIGITAL GOLD in the digital era is the right choice
Conclusion:
The landscape of Bitcoin dominance is complex and influenced by a myriad of factors. From the rise of altcoins to regulatory changes and technological innovations, each element plays a crucial role in shaping the market. Additionally, the integration of traditional financial assets into the blockchain sphere represents a significant shift in the market dynamics. For investors and market enthusiasts, understanding these trends is essential for navigating the ever-evolving cryptocurrency landscape.
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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Alts are about to explodeThis is in continuation of analysis that a posted a while ago, regarding Pre-Halving Alt Season. Add link to that post in description.
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The top chart is TOTAL 2, (Market Cap of all the Alts) , Bottom chart is for BTC.D.
I have made a comparison and measurement of what happened to TOTAL2 when BTC.D hit the top trendline.
Things to notice each time BTC.D hits the trendline, there is lesser space for it to move down, hence lesser space for TOTAL2 to move up, it is evident from the % move in TOTAL2 Market cap,
First time BTC.D hit the descending trendline, TOTAL 2 exploded approx. 9000% by the time BTC.D hit the bottom trendline, 2nd time TOTAL2 Exploded 900% approx. , 3rd time which is now TOTAL2 is expected to explode 90%.
I have also measured the time it took for TOTAL2 To reach Peak during previous taps,
The first time it took 294 days, the 2nd time it took 175 days, using this trend we can anticipate Alts to be at their peak in the next 80 to 120 days i.e. During Feb end and March 2024 time frame.
This also falls in line with BTC cycles where, BTC and alts take a big dive down before Halving which is expected to take place sometime in April May 2024.
Also, apart from the evident rejection of BTC.D from the trendline we have Weekly Bear Divs on RSI, which were not present last time when BTC.D tapped the trendline, adds more weight to BTC.D breaking down from here.
What does all this mean in grand scheme of things
If we look at the chart of BTC.D, there is not much space left for BTC.D to move down and it will eventually break out of the pattern possibly with Bull divs on weekly, it will take time, months or a year, but after a consolidation at the lows it will move up. There is a possibility it can explode to the upside with no cap present, it can present danger to Alts run next Bull cycle which is expected to start post halving into 2025 End.
Bitcoin Dominance% - Let's go!After that beautiful break and retest, a new higher high, Bitcoin dominance has passed a resistance and should be going to create a new range being the purple box support (if all goes well and it doesn't get rejected here).
- If you take a look into the past in the left side of the chart, inside the major rising wedge, there's a light green pennant (triangle) right above this range - consolidation before it exploded. Let's hope so, no hurries Bitcoin!!!
BTC.D ( dominance ) end of the yearhello dear trader and investors
btc.d under the strong resistance + there are RTM pattern price action on this chart ...
i think( btc.d) ready for correction and it can testing the PRZ zone on fibou 0.618 + dynamic suport zone and mini altseason began ...
What is altcoin season?
The season of altcoins, or simply “alt season”, is a market cycle in which the price of a significant number of cryptoassets, which are different from BTC, have better growth indices than the above currency.
good luck
Bitcoin Dominance vs. AltcoinsBitcoin dominance is an extremely important parameter for traders and investors.
It marks the beginning or end of altcoins season!
CRYPTOCAP:BTC.D
Bitcoin dominance is an important metric for understanding the overall health of the cryptocurrency market. As the most dominant cryptocurrency, it's an indication of the strength and popularity of the asset, and can be used as an indicator of the overall market sentiment. Therefore, investors need to monitor Bitcoin dominance to gain insights into the current state of the market.
#btcd #bitcoin dominance preparing a new leap? Beware!..#crypto market is greedy nowadays. But when everyone is greedy, take extra caution.
Money flowed into #altcoins , while #btc price is moving sideways and naturally #btcdom indice is slightly corrected. But BTC.D is about reach the support region and it' s probable that it may bounce there.
If bounces hard, that will surely take money from altcoins if there' s no money inflow to the crypto exchanges from outer globe. (While btc price goes up)
If there' ll be dump on btc, altcoins may have a blood bath.
NOT FINANCIAL ADVICE.
BTC Dominance ideaAn idea about the BTC Dominance.
Thats the move that i expected to see till the BTC halving.
Already is on Breakout after the Fake news about BTC ETF.
But.. I expect to see higher moves with the upcoming hype about the BTC Spot ETF.
If we see a 10% pump at fake news what moves we will see after Blackrock and other big institutions will Start shill BTC to their customers ?
Bitcoin' s DOMINANCE is looking Bullish BTC is now retesting the bullish breakout and if succeed, btc dominance will continue moving upwards. If same time , btc pumps, this is a good sign for bulls. If same time, btc price plunges, this will be doom for bulls. And both cases, altcoins' prices will suffer if BTC dominance goes up. Due to increasing volatility, be careful hold on guard and use stops.
NOT FINANCIAL ADVICE.
📈BTC.D analysis, ready to fall below the📉CRYPTOCAP:BTC.D
Hello Traders, please check out my previous ideas.
As indicated in the chart, Bitcoin Dominance can return to the yellow range before moving upwards.
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USDT.D DAILY : CRYPTO Hi Guys ,
Everything's show you in chart . do the best
The analysis is in the high time frame and only shows the way. For trading, you must have your strategy in the short time.
SecondChanceCrypto
⏰ 3/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
BTC.D - global growth and local level retestHello everyone Today we will consider not just a coin, but the dominance of bitcoin in the crypto market - BTC.D. For two years in a row, the dominance traveled in the range and finally recently came out of an insanely long trade for the level of 48%. But against the background of the history with XRPUSDT, BTC.D will probably make a retest of this level and descends even higher to 57%. Locally, BTC.D is still expected to fall. We must also not forget about the divergence on the ETHBTC cross-pair in favor of the growth of ETH and all altcoins.
BTC dominance and altseasonAll logic is clearly displayed on the chart. I have been using BTC dominance over altcoins (the entire market) in my work since 2017.
Note that a "double bottom" is forming on the chart. But, at the moment, the season of games has opened under the title: "not environmentally friendly", while it is going on, such a construction is unlikely to come true. Use this period. Then, most likely, everything will change. Bad - good - bad - good - bad
This type of analysis works with both local market movements (which I mainly use) and the large-scale segments shown in this chart.
Please note that the "altcoin mass pumping season" is always very short for obvious reasons, use it and do not be greedy.
Your greed is your death in the marketplace.
BITCOIN dominance update best time to buy altcoins when btc domiance is above 55%.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
best time to buy altcoins when btc domiance is above 55%
When I see this, I can't think of an alt-season.Look at the size of the reversal pattern that has formed.
It looks like a year and a half long sloping channel.
I put a 3D Renko to remove all noise, and left only VFI LF.
That's the way it is.
Regular bullish divergence and very persistent.
I believe there can be no real (as we like 3-6 months, not these "2-3 day alt-seasons") alts pumps in 2023,
because imagine how long it would take to work your way out of that pattern? It's shaping up to be an assault
for 51% and then on to somewhere around 60%...
Well you know, every now and then bitcoin stomps all the coins so that it leaves them wet.
It's been too long since that happened. There was just a boring drop, but no real massacre.
Now it's coming.
P.S. I know there's plenty of bullish sentiment.
Guys, don't forget that a fall requires just as long a consolidation at the bottom before a rise.
So far we have a fall and no consolidation (weekly chart i mean).