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

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BTC.D trade ideas

BTC.D - The Importance Of Buying Bitcoin At Major PivotsI have overlaid Bitcoin over Bitcoin Dominance. Since and including the market bottom we have had 2 major pivots until now. The 3rd appears to be breaking out now. And so the moment when Bitcoin breaks out following a long sleepy correction tends to be when Bitcoin Dominance also breaks out as highlighted by the arrows on the chart. The effect of this is that many but not all altcoins are a sleepy as Bitcoin pumps. And so by buying Bitcoin it allows the potential opportunity to swing into altcoins with profits. Of course you have to realise when a major pivot is printing to be able to do this. ... On BTC.D we are now approaching Distribution Resistance and the retracement Golden Window that we have been watching for a very long time. I think there is a good chance that this will be the last wave up before a major reversal in BTC.D. And perhaps that may come closer to the 0.786 retracement ratio. As it gets above Distribution Resistance and into the 0.618 - 0.786 Golden Window there I will be considering swinging into some altcoins... Not advice
CRYPTOCAP:BTC.DLong
by dRends35
Which direction should Bitcoin Dominance take?#Bitcoin Dominance 1D chart; The white trendline starts from January 2015 and continues to the present day with a peak in January 2021. It managed to rise above the trendline with strong momentum. A decline will surely come, but it is too early for that. So why not now? In order for the decline to begin, the necessary infrastructures must first be formed. One of them is the RSI mismatch. There is no decline at the moment. Pay attention to the levels I have circled in red circles; the first one is a strong resistance level, the other is OB resistance. My opinion is that we can see a rise at least until the OB region.
CRYPTOCAP:BTC.D
by ugurtash
BTC Dominance - an idea for decades Hello I know this is abstract to talk about BTC for next years but I love to goo beyond because this is the way you can make your dreams. I believe in EW because Elliott is not a method for trading, this is the structure of all markets based on human psychology which has been exist and wont change as long as we live. From my perspective what started in January 2018 was the beginning of a reality that must continues forever so I am sure it was wave 1 (Like all other stock markets) but only question is that "how strong it will continue its journey?". No one knows and time will show us. Thanks
CRYPTOCAP:BTC.DLong
by AMA_FX
6
#BTC.D Altcoins Dumping?? This is what you need to know!Here's the current dominance chart. Notice the breakdown? This move appears to be more of a retest and it's nearly complete. That's why I'm accumulating some altcoins during dips. Futures trades are risky right now, so I'm holding off on sharing much in that regard. We need to wait for a strong rejection, which seems likely to happen soon. Patience is key, everyone. This is the move we've been anticipating for a couple of years. Let me know what you think in the comments section. Please hit the like button, Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
9
BTC Dominance says something is about to happenAnything that can be put into numbers is subject to quantitative analytics and can tell a story. Dominance is just calculating how much of the market a specific asset owns, for global market cap of crypto, BTC was responsible for the majority of the market cap for a long time and had around a 96% dominance until the first alt season we had some years ago. There is hard logical support at 40% dominance and we have been building up to this point for a long time as you can see. This is the btc dominance chart, there is definitely something about to happen, either major pullback or eth and alts are about to significantly outperform BTC one of the two it seems. If this breaks out its likely that the market has a bit of a meltdown, if it breaks down, its likely that ETH and alts will outperform BTC for some time, possibly getting BTC to test that support at 40% again at some point. I am not long or short yet, I am cautious and observing. Maybe this opens a door for you though, if you were unaware of charting dominance, try looking at dominance of some other major crypto as well. Dominance charts are kind of like sub titles to the primary chart.
CRYPTOCAP:BTC.D
by EncryptShawn
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