Dominancebtc
Bitcoin Dominance getting weaker. Alts season coming?As a continuation to my last post, I expected a downtrend continuation of bitcoin dominance looking for 36% and 30% levels. At the moment it's about at 40% floor and aiming to break it. Looking at the green fibonacci circle critical level, it has been already broken and also moving averages are starting to break.
Currently we can see already stronger uptrends such as ETH and some other altcoins, which is traduced in money flowing out of bitcoin and going into alts. Could this trigger a strong uptrend for altcoins in the following weeks?
***Please Like and follow me for more ideas!!!***
^Coquetrader^
Bitcoin Dominance (BTC.d) finishing wave IVFirst, Bitcoin Dominance is bullilsh for altcoins.
Bitcoin Dominance does move in Elliott wave patterns. Which one might not expect, as it is a 0% to 100% chart of market caps.
Bitcoin Dominance (BTC.d) is finishing up a wave IV corrective ABCDE triangle pattern. Leading diagonals are not allowed as any of the legs of a triangle. But, I can't figure out a way around that, so just living with it, as the pattern overall seems clear. The E leg is coming up. It is common for the E to do an underthrow, so don't be surprised if it does not touch the line.
Then altcoin season starts when BTC.d plummets. How far down? I do not know, so I put a standard 1.0 to 1.618 fib (of the wave I) as possible end.
If you want to have some fun, copy this chart to yourself. I set it to "Share". And add TOTAL2 (choose separate scale). Then you can see how the altcoins react as compared to the BTC.d chart.
alt party or alt goodby party!i think bear seson is starting.
Be careful that bitcoin does not hunt you down.
The last chance is to leave the market ... If Bitcoin's 40% dominance in the market is broken, we have alt season, but if the wedge breaks up, Altcoins will be dragged to the ground and blood.
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
USDT DOMINANCE broke out the channel and retested it let see how the 4-hour candle closes if it closes in red or downside the trendline then the market will bullish.
If it breaks the resistance level then the chart will be invalid.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
And up it goes!Btc.d looks ready to go up a bit, may btc regain some of dominance to sustain a rally.
I think it will not go too much high. Altcoins are very hot !
Here for you, as always, CryptoSoap.
TheKing is TheKingQuick Update :
- Don't be Scary about your alts, as you noticed yesterday while BTC was pushing, Alts did an inversed movements, it just was caused by TheKing Dominance growing.
- Many times in history when BTC was pushing too fast and too strong, Alts were oppressed by the power of peoples buying BTC.
--------------------------------------------------------------------------------------
- So the Normal ways are :
- BTC up = Dominance Down
- BTC Down = Dominance Up
- BTC Push Hard = Dominance Up
- BTC Reach a Limit Price = Dominance Down ( Peoples convert BTC to Altcoins )
--------------------------------------------------------------------------------------
- Matter of time before Dominance Retrace to 35% ish and Altcoins starts to be bullish.
- Dominance is very important so you always have to keep an eye on it !
Happy Tr4ding !
Light at end of Tunnel- So after this new Chinese FUD about EVERGRAND, you should take your habits after countless "Chinese FUDS" :D
- This a Quick update without "Price Talk", but about the most important indicator in this BullRun, " The King Dominance ".
- So i explained a in an older analyze what happens when BTCDOM up and What happens when BTCDOM Down. so check it again here :
- So the Normal ways are :
- BTC up = Dominance Down
- BTC Down = Dominance Up
- BTC Push Hard = Dominance Up
- BTC Reach a Limit Price = Dominance Down ( Peoples convert BTC to Altcoins )
- i will post in comments my older analysis about BTCDOM.
So right now what happened with this Dip? Before this dip BTC dominance was around 42%, after this 10k+ Dip, BTC dominance is 41%.
What does it mean ?
- BTC Price went down and BTC dominance went down also.
- it could means that Altcoins bag holders didn't turn their bag to BTC.
- it could also leads in a few time to a big altcoins bullrun (Witch not happened yet) when TheKing will start to grow again.
- As Always be confident, HODL, rebuy Lower, eat noodles! This is not the end but the starts.
Happy Tr4Ding !
BTC.D - Bitcoin dominance stays intact despite market dumpDespite 2 weeks long downwards market direction, BTC Dominance continue to drop lower.
It seems that capital from alts during the dumps goes to stable coins as Bitcoin capital. Bigger alts players are down almost the same % as BTC.
Chart setup is intact and the more time passes it more confirms that this bull market will continue thru Q1 and probable at least part of Q2 of 2022.
This is weekly chart and you can see that dominance isn't making any huge moves when you compare it to last bull market. Fastest dominance movement in this bull market was March-May move.
In last bull market confidence in the altcoin was low (even for Ethereum, BTC maximalist were much more numerous, not to mention other alts). Today some analysts even predicts that ETH will flip BTC at No.1.
Many novel trader are not interested in BTC because of lower price rise possibilities (3-4x from current price is great ROI but in crypto most of trader are to greedy). Since alts reputation has risen, they are risking much more with them and also there are much more true holders of altcoin. Well, what that all means?
In last bull market alts suffered much more when BTC dumped then this cycle and again when BTC rise they bleed in alt/BTC pairs. Practically it was impossible to hold coin without massive dumps.
Something is different this cycle. For example, last dump from recent ATH:
BTC: -22%
ETH: -19% (also notice that ETH has much bigger daily wick then BTC)
BNB: -15%
Maybe this time maybe we could see BTC market peak and alts peak at the same time. If something happened in last cycle it doesn't mean it will happen again!
BTC.D chart with some onchain data (Net Unrealized Profit/Loss (NUPL), Number of Active Addresses (short and long MA-s), Fear/Greed index etc.) are great indicators to determinate when is time to sell.
the KING last attempt for last time befor starting second part of bullrun and Altseason , BTC the king of crypto market attempts to prove that who is the boss
by watching the top 20 coins, you can easily confirm that BTC era is falling down, maybe its ETH turn !
definitely will break 35%
maybe 30% would be good for target of the bullrun
CRYPTOCAP:BTC.D
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
As I say in previous chart USDT DOMININCE will reject from upper resistance level now there are 3 support level that we can see in chart.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
USDT.D will rejecting from upper resistance level In this moment we can trade in altcoins but there are to support level that we can see in chart.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
USDT DOMININCE 4HOUR UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
USDT.D is rejecting from upper resistance level and we have 5 weeks bull market market in this moment we can trade in altcoins.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
BTC D -- ALTS -- Current Chart Pattern As I See It The BTC D chart is not playing out as expected currently because I feel the pump are scattered and ETH still dominates the chart.
This is the current pumps in comparison to the last BTC Bull market back in 2017.
There is lots of room for a massive ALT season that can take us down to lower targets -- this is mostly just here to show an overall trend.
I am still Long on ALTS -- people should pick wisely their targets.
BTC. D took out the first target🚨We have to wait for 2 or 3 more daily candles to be closed.
According to MACD, the BTC.D is expected to meet the 2nd and 3rd targets.
But it's too early to make the decision.✅✅
N PATTERN FOR BTC.D ?!?BTC will have N pattern and touch 50 and Next can go up about 60 and next dump , if BTC.D go to 60 , BTC price will have very good place maybe pump to 140K or 170K and Next when BTC.D dump altcoins will FLY in btc per ...
OK now don't think to fly and keep this market condition 😂 but in long term can think about fly and go to moon ...
BTC.D is very important to market and you must check and analysis carefully always !!!
Have a good times guys :)
BTC.D - probably most important chart for alts in upcoming weeksScenario 1:
BTC pumps hard to new ATH and demolish alt/BTC pairs. First BTC dominance target is 52.5%, second if it gets to it is aporx. 57% (or 200 W MA - red line).
Both targets are good entry point for demolished alt/BTC pairs.
CRYPTOCAP:BTC.D reverse to new ATL (all time low) and alts pumps like crazy. (similar to 2017/2018 bull run).
Scenario 2:
BTC dominance dip under 40%. BTC and alts are pumped al in the same time (alt/BTC charts remains in good shape, they outperformed BTC). Main target area is aprox. 27% of BTC dominance.
Or Bitcoin remains sideways while alts pumps, but I will not give this option big chances. BTC always lead the waves.
Scenario 1 looks more probable but this is crypto and you can not take anything as a certainty.
Altcoins Session is Over and Altcoins will be Dump hard soon..?#BITCOIN dominance update:-
#BTC Dominance currently down side move.
Now..?
Now Dominance already broke our All time resistance and Waiting for good retest.
If bounce back from any point that point will be exit point from Altcoins.
Expecting Bounce back area will be :- 41.51% and $39%
Worst case Last support will be 35%
So keep an mind Dominance update also.
Support:- 41% / 39%
Resistance:- 48% /53% / 62%
📊BTC.D - About to reach major support. Possible shakoutAfter breaking the baseline of previously formed Head & Shoulders the value is now about to reach an important level (~42.8) which was set by me as a potential target, although there's more potential for this drop (41.46). Nevertheless we can still expect a small shakeout on alts very soon, once the "more conservative" target is hit.
The best case scenario for all altcoin holders of course would be to break through this level with no stops whatsoever, but we'll see what happens!
Please check out my other publication from today as I think it helps getting a better narrative (USDT.D- see related ideas)
Best of luck 🤗
Daily BTC Dominance UpdateBTC is currently in a downtrend against the rest of the market, both in the long and short time frames. It's worth noting that the price is at previous resistance (multiple points) and is reacting to this level. A reversal is possible but there is no clarity as to which way the price will move from here. The ADX is showing no significant trend is currently dominating the price movement. With the ADX as low as it is we can have no confidence in any of the other indicators. We need to accept that we will be sticking to the existing previous trend (down) until we get a signal to the contrary.
Bitcoin Dominance - Altcoins fight backTechnical Analysis – Bitcoin Dominance
Bitcoin dominance is the target in our weekly analysis:
During the last 2 weeks, dominance has decreased to 43.5%, slightly below the 50-day moving average. This moving average serves as support or resistance.
About two weeks ago the dominance established a local top of 47%. We mentioned that Altcoin holders would only need to pay close attention at the 50% mark.
If we stay below 50%, and the period closes there, we could experience more downward pressure to the local bottom of 40%.
The long-term trend is still pointing downwards, but a breaking of the 40% mark could lead to a new ATL.
However, the RSI indicates a bullish divergence, that would potentially suggest another leg up, thus a trend line has been formed that has yet to be broken to signal a stronger downtrend in the short-term
Overall, the altcoin market had some strong days with several cryptocurrencies like Polkadot (DOT) and Ethereum (ETH) benefiting from the decrease in Bitcoin dominance. Low caps were in comparison to mid and high caps still rather modest, which makes sense considering how the money flows from high caps to low caps the further you go in a bull market.
