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Market Cap BTC Dominance, %Market Cap BTC Dominance, %Market Cap BTC Dominance, %

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BTC.D trade ideas

Chart Idea - BTC.DBTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
CRYPTOCAP:BTC.D
by smwajeeh
7
Are Altcoins Finally Ready To Run?With the upcoming ETH ETF launch, many market researchers (including me) expect a kick-off of a broader altseason. One of the most important charts in this context is the dominance chart. Here are a couple of thoughts about it: ➡️ Bitcoin has risen ~25% since last week. At the same time, the dominance level is perfectly within the long-term channel (which predicts a dominance decline). ➡️ Bitcoin hasn't touched the descending trendline yet. However, I don't expect Bitcoin to go much higher and accordingly make a lower high. ➡️ With the upcoming ETH ETF launch, BTC's dominance should reverse, and the lower boundary (EMA200) should be tested again. ➡️ I remain confident that we saw the top back in April. What does that all mean 👇 As mentioned in some other posts, a decreasing dominance does not mean that Bitcoin's price will decline. In fact, Bitcoin can easily reach 100k while losing dominance at the same time. However, the difference from previous months is a much stronger-performing altcoin market. For example, if Bitcoin pumps 3%, alts will continuously go for 10-15%.
CRYPTOCAP:BTC.D
by ben_walther
6
Is this the end of Bitcoin Dominance ?!Pattern: Inverted Cup and Handle Bitcoin dominance (BTC.D) measures Bitcoin's market share relative to the entire cryptocurrency market. The chart indicates an inverted cup and handle pattern, which is typically a bearish signal. This formation suggests a potential decline in Bitcoin's dominance, favoring the rise of altcoins. Pattern Structure: Inverted Cup: The inverted cup represents a rounded top formation, indicating the exhaustion of buying pressure. This is followed by a slight decline, forming the initial part of the pattern. Handle: After the initial drop, there's a short-term upward movement that fails to reach the prior peak, forming the handle. The handle often forms with lower trading volume, suggesting weak bullish momentum. Reasons for Expected Decline in Bitcoin Dominance: Technical Analysis: The inverted cup and handle pattern is generally considered a bearish continuation pattern. A break below the support level, which forms the base of the handle, often leads to a significant decline. Key technical indicators, such as moving averages and volume analysis, support this bearish outlook. The moving averages may show a downward crossover, and declining volume during the handle formation points to a weakening trend. Market Sentiment: Increasing interest in altcoins, driven by their potential for higher returns and innovative use cases, is likely to divert investment away from Bitcoin. Positive developments in the altcoin space, such as new partnerships, technological advancements, and successful project launches, can enhance investor confidence in altcoins over Bitcoin. Macro-Economic Factors: Regulatory developments and geopolitical events can significantly influence the cryptocurrency market dynamics. For instance, favorable regulations for altcoins or adverse regulations for Bitcoin could shift investor sentiment. Technological advancements and improvements in blockchain technology that benefit altcoins can attract investors looking for better performance and new opportunities. Historical Precedents: Historically, similar patterns in Bitcoin dominance have led to substantial declines, reinforcing the reliability of the inverted cup and handle as a predictive tool. Previous market cycles show that during altcoin seasons, Bitcoin dominance tends to decrease as capital flows into alternative cryptocurrencies. Conclusion: Based on the analysis of the inverted cup and handle pattern, technical indicators, market sentiment, and macroeconomic factors, it is expected that Bitcoin dominance will decline in the forthcoming period. Investors should closely monitor key support levels and market developments to make informed decisions. The potential shift towards altcoins could provide opportunities for diversification and enhanced returns. Chachain My previous ideas related to Bitcoin dominance
CRYPTOCAP:BTC.D
by Anoinvest
2
When will altcoin season start? Of course, nobody knows exactly when altcoin season will start, but we can make a prediction by what we see on the charts. I think we are getting closer and closer to an altcoin season. We have an ICT unicorn model, a breaker that overlaps with an FVG. We hit the midpoint of the FVG and the 50% level of the range. I don't trade with indicators and chart patterns, but they do seem to work on BTC.D — The RSI is overbought and showing signs of weakness. — The Stochastic RSI is also overbought. — We are at the end of a bearish pattern, I am not sure what it's called because I don't trade them. But I am able to recognize them. Bitcoin has been consolidating between 74k-53k for a few months. I think this is bullish because ''The bigger the base, the harder the rally'' Fundamentals: The Ethereum ETF got accepted = Bullish for altcoins USA Elections (with a Pro crypto president) = Bullish for Bitcoin and Altcoins High probability of rate cuts= Bullish for Bitcoin and Altcoins Big institutions like BlackRock buying the dip=Bullish for Crypto Germany almost done selling all their bitcoin=Bullish for Crypto Thank you for reading this, don't forget to follow me!
CRYPTOCAP:BTC.DShort
by LVtrades24
Is Bitcoin dominance on the verge of collapse?For anyone interested in crypto tokens that are not Bitcoin or Ethereum, you’ll want to give this post your full attention! The above 10 day chart is very important for anyone speculating on alt tokens. The highlights: 1) Bitcoin dominance support and RSI support have broken market structure. That’s not my opinion, it is a fact of the chart. 2) Significant bearish divergence has printed at the breakout. Look left. (little red/green shapes). The number of oscillators printing divergence is shown. The higher the number the more significant the divergence. The divergence is measured over a period of weeks. 3) Support was held for 2.5 years (930/950 days) before the break of market structure. This is exactly the same length of time during dominance support from 2017 until 2019. Coincidence? 4) Given point 1 through 3, what happened to the alt token market from the period of November 2019 until May 1st 2021? Significant gains. See chart below. 5) This is all good news for alt tokens, right? Yes and no. In the “Alt token market to 10x” idea (link below) it was written “Not all tokens will enjoy gains in this bull run”. That remains the situation, legacy tokens such as ADA, DASH, EOS, LTC, MATIC, etc.. they continue to show no signs of supporting market structure on either USD or BTC pairs . Maybe that changes in time, but for now, no. Ww Alt token market November 2019 until May 1st 2021
CRYPTOCAP:BTC.D
by without_worries
9
Watch out for TOTAL and sectoral dominance! www.tradingview.com The chart above shows the total coin market cap (TOTAL) and coin sector dominance from the start of this long term bull cycle (around Bitcoin's 4th halving) to the present. I personally find this chart analytically and practically useful in my investing, and here's how I use it - When the total coin market cap is decreasing, I take a break from trading or only buy long term coins. - When the total coin market cap increases, I take it seriously and pay attention to the order in which the dominance is performing. - For example, at the moment I'm only interested in Bitcoin, which is trading sideways in a range, or Ether, which is making a double bottom. I particularly like that chart because it gives you the full picture over a specific period of time at a glance. The total coin market cap is all the money that has entered the coin market anyway, and you can look at the dominance of each coin sector to see where the bulk of that money is coming from relative to 100%. So that's the analysis, and if we want to extract some investment insights from this chart, - First of all, Bitcoin dominance is trading sideways in a range, and I'm looking for an ether season (or alt season) to come on the downside of that range. - However, I think an Ether season is more likely than an Alt season because the dominance flows are more positive for Ether. - In addition, Ether has the issue of a spot ETF launch, which we can interpret as more favourable for a rally.
CRYPTOCAP:BTC.D
by SignalQuant
Btc dominance Market Dominance: BTC's Market Cap: Bitcoin has the largest market capitalization (total value of all outstanding coins) compared to other cryptocurrencies. This significant size means its price movements have a ripple effect. Investor Confidence: Bitcoin is often seen as the most established and trusted cryptocurrency. When its price goes down, it can trigger a loss of confidence in the entire crypto market, leading to sell-offs in other cryptocurrencies. Trading Mechanisms: BTC Pairing: Many altcoins (alternative cryptocurrencies) are traded against Bitcoin (BTC) on crypto exchanges. A drop in Bitcoin's price can lead to a decrease in the altcoin's BTC value, even if its USD price remains stable. Margin Trading: Some investors use margin trading to leverage their positions, borrowing funds to amplify potential gains (and losses). When Bitcoin's price falls, it can trigger margin calls, forcing investors to sell other crypto holdings to meet margin requirements. This can lead to a broader sell-off. Investor Psychology: Correlation Bias: Investors sometimes perceive a correlation between assets even when it's not inherently strong. A decline in Bitcoin's price might lead investors to believe the entire crypto market is headed for a downturn, leading them to sell other cryptocurrencies as well. Bitcoin as a Benchmark: Many investors use Bitcoin as a benchmark for the overall health of the cryptocurrency market. A decline in Bitcoin's price can signal broader market weakness, prompting investors to sell other crypto holdings. However, there are also signs that the correlation between Bitcoin and altcoins is weakening: Rise of DeFi and NFTs: The growth of Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) has created new sub-sectors within the crypto market with their own dynamics, less reliant on Bitcoin's price movements. Maturing Market: As the cryptocurrency market matures, individual projects are increasingly valued based on their own fundamentals and functionalities, potentially reducing their dependence on Bitcoin's price. Overall: While Bitcoin still exerts a significant influence, the relationship between Bitcoin and the broader crypto market is evolving. As the market matures and diversifies, we might see altcoins become less susceptible to Bitcoin's price swings.
CRYPTOCAP:BTC.DEducation
by ParabolicP