Dominancebtc
Total market cap following the planIt's fun to go back to chart I haven't seen in months and see that my TA has played out like I thought. Here you can see the first trendline I drawed on this chart (in yellow) and then at the retest I saw the H&S.
By book the retracement should end around 360Bil USDT but I think this will stop around 550Bil USDT (cyan dashed line).
Here you can see TOTAL2 (w/o BTC market cap) and TOTAL3 (w/o BTC and ETH market cap) on which I had a channels which broke down.
Eventually there'll be a time to buy heavy but I don't think this is the time yet.
Keep up and short what you can!
#BITCOIN DOMINANCE 2DAY UPFDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC.D UPDATE:-
BTC dominance breakdown horizontal resistance retested successfully and currently moving towards its demand zone. As BTC.D is bearish and BTC is showing sideways behavior, that would be a bullish sign for ALTS, if BTC moves sideways or move upward.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
The Zigzags of DominanceThe bitcoin dominance graph looks very strange.
I think the reason for that is that a huge number of hands bought Ether hoping that Ether 2.0 itself would immediately pump up its price.
That's why everything looks so unnatural, it's hard to predict anything. We have a candle and some divergence. It should start to rise.
Bitcoin Dominance Technical Analysis ( Altcoins Bloodbath )#Bitcoin Dominance Technical Analysis:-
As Per Daily Chart Bitcoin Dominance is Bullish IMO.
BTC Dominance Bullish = Altcoins Bearish
Now I am expecting if Dominance Pump from here then Big Down relly of Altcoins in next couple of days.
Next Resistance is 48.50%
If Dominance hit 48.50% Level then we can see Altcoins approx -50% drop from here.
Keep an eye on 40% Level.
This is very strong support.
If Dominance Move Upward side then Don’t try to Open any Long Positions guys.
Support:- 40%
Resistance:- 48% / 58% / 66%
Bitcoin Dominance Chart Update ( Altcoins Soon Big Dump ..?)#Bitcoin Dominance Detailed Technical Analysis :-
$BTC dominance currently trading around 40.66%
Which is very Bottom area of dominance.
39.60% Level is Strong support level.
If Bounce from this Level then Best Strategy is Exit From Altcoins.
$BTC Pairs Will dump hard if Dominance Increased and If BTC pairs Dump then USDT pairs also Dump.
Now..?
I am exiting Some Altcoins in Huge Profit which I bought at Bottom.
Strong support:- 39.50%
Resistance:- 48%
I will Update more time to time.
Thank you.
Bitcoin dominance. How does it affect the cryptocurrency market?#BTC #altcoins #dominance #education
▪️Bitcoin dominance index - is an indicator that indicates the ratio of bitcoin capitalization to the capitalization of the entire cryptocurrency market.
▪️How does btc dominance affect the market? - When the dominance of bitcoin falls, altcoins begin to rise - this is called the alt season!
▪️Now the dominance is at its minimum values, which means that it will soon begin to grow! Altcoins will be weak during this period of time. Bitcoin may reach $30,000 and go for a correction. So far, these are my thoughts for the near future!
Subscribe. stay tuned for ideas! Links below👇
Dominance is at Critical PointHello ,
I would like to highlight that Dominance is at Critical Point.
It completed its Narrowing Wedge ,and there is also a resistance at 40.90 level.
From this point , if BTC grows higher and Dominance stay stable or go higher , alts can start to pump and go higher.
But if BTC goes down and dominance start go higher from resistance level , it means money will start to leave alt coins.
We shoud be cautios and should be following BTC Dominance
Disclaimer : This post is just for educational purposes , it is not a financial or trading advice. Please decide your own trading decisions with your own risk analyse.
Using BTC Dominance With Current Bitcoin PriceSome people monitor bitcoin price along with bitcoin dominance to help them make trading decisions. Although they are not iron laws, here are some potential outcomes that various combinations of BTC price and dominance may be indicative of.
1. When the price and dominance of BTC are rising, it could signal a potential bitcoin bull market.
2. When the price of BTC is rising but BTC dominance is falling, it could signal a potential altcoin bull market.
3. When the price of BTC is falling but BTC dominance is rising, it could signal a potential altcoin bear market.
4. When the price and dominance of BTC are falling, it could signal a potential bear trend for the entire crypto market.
5. While these two factors do not imply a definite bull or bear market, historical observations suggest a correlation.
Domination has become very capriciousSo, let's look at 12H chart.
It's no fun.
There were all three EMA crosses, the candles are under the tenkan and under the kijun.
The rejection from diagonal.
I expect a retest of the ~41.5 level.
From there up movement will resume.
But pay attention, BTC dominance is falling now, but the altcoins are slowing down, because the bitcoin will very probably break 20000 down.
In addition, we have a whole bunch of bullish divergences. There is bound to be an episode of bloody altcoin dump.
You know, one of those ones where it's down 25-40% of the price in one day.
Divergence will provide that.
But later.
BTC DOMINANCE COULD FALL VERY HARDI am expecting a collapse for btc dominance in the near future.
“People become risk seeking when all their options are bad.”
—Daniel Kahneman
Return of the King v3Updated dominance idea. Perhaps bitcoin is going to survive this bear market at these levels while the alts capitulate. Else bitcoin moons and alts stagnate.
#bitcoin dominance Chart with notes1/ Bitcoin Dominance ⬆️ - Altcoins in Sats ⬇️
2/ Bitcoin Dominance ⬇️ - Altcoins in Sats ⬆️
3/ The slope seems less vertical this bear cycle suggesting dominance won't go as high as last time
BTC.D - Market Update 29.06Hello Traders!
Since last May, bitcoin dominance has been moving within a wide range of sideways movement between 39.30-48.00%.
In the May-June sell-off wave, the dominance value tested the 48.00% level, followed by an impulse correction. Most of the altcoins showed growth from their local minimums within 40-50%.
If the selling pressure on the market continues, we can expect another wave of growth on the dominance chart to the 50-52% zone, which will allow buying altcoins with a significant discount.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Altcoins One More Blood Bath Coming ( Bitcoin Dominance Chart )#Bitcoin Dominance Chart Update:-
BTC Dominance currently trading at 44.33%
And this area is Perfect Retest Area.
So Now I am expecting Upward move toward 50% Dominance Level.
So If Bounce and Go toward 50% then Altcoins will be bearish and One More Bloodbath can expect.
So If Dominance Above 43.50% then Not good For Altcoins.
But One more thing I am tracking at this Time.
If Dominance will increase then Bitcoin Price move Down Side.
Mean Currently Dominance = Inverse Proportional to Bitcoin Price.
Red Area = Blood Bath in Altcoins.
Below Red Zone= Good For Altcoins.
Resistance:- 48%/56%/62%
Support:- 43.50%
Keep watch before open any tradez
BTC dominance - the reason behind Altcoin outperformance !I drew this chart 1st of May 2022 and suggested that it was signaling an Altcoinseason.
After the dominance had broken out of the bearish triangle to the upside I thought I WAS WRONG.
However, after a strong reversal the Bitcoin Dominance has fallen back inside the triangle today and is FALLING LIKE A STONE !!!
Will be really interesting to see how this further develops ....
Altcoins Seasons Still Not so Ready for More Altcoins Dump#Altseason Coming?
Dominance Chart:
Currently Dominance is not favour on #ALtcoins
44% is strong support/Retest.
Red Zone is Red for #Alts
still Stay Away from #Altcoins still Waiting for #Altcoins Bottom.
Will Update Best Entries.
Small Altcoins Session will Coming ( Bitcoin Dominance Update )#Bitcoin Dominance Update:-
$BTC dominance currently trading at 47% and went upto 48% as I predicted.
White Line Support is 46.50% which is support level.
Above this Support level Altcoins More Blood Bath but if Break down this support for 44% Retest level then we can see small Altcoins sessions.
This Red Zone area is Dangerous for Altcoins.
Mean This Breakout is in High time frame so Next Resistance is 50%
We can see more 20-30% altcoins drop from Current price if Dominance continues Rise.
When Relief from Blood bath..?
If Dominance Go toward Retest level 44% then we can see small Altcoins sessions.
Above 46.50% bearish for altcoins.
Trade with proper stop loss.
Support:- 46.50%
Resistance:- 50.26%
#USDT.DOMINANCE 4Hr UPDATE !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
Hello, dear traders welcome to this USDT.DOMINANCE 2hr chart analysis.
I have tried my best to get the best possible results in this chart.
Welcome friend I think you guys are doing good business. The dominance is broken and the 21MA rejection and altcoin pump the USDT pair! good profit.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thank you
Bitcoin Dominance Perfect hit our Target#Bitcoin Dominance:-
#Dominance Perfect hit our Target.
Now Rejected from resistance and Holding 47% support.
We can see more Blood bath in #Altcoins
#USDT.DOMINANCE 2Hr UPDATE !!Hello, dear traders welcome to this USDT.DOMINANCE 2hr chart analysis.
I have tried my best to get the best possible results in this chart.
Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
READY DOMINANCE is break and pumps altcoin usdt pair!
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thank you
