BTC.D trade ideas
Bitcoin DominanceCurrently bitcoin dominance is moving upside towards weekly resistance .
We might see a bull run in altcoins if it bounce back from weekly resistance
BTC.D Decision Time - Breakthrough To Bring The Alt Pain Or Hit It is time to see where this altcoin market is going. If dominance breaks upward we get alt pain. If it drops from here, alts rise!
What do you see happening?
Not financial advice.
#BTC.D Daily Chart
Bitcoin dominance broke above the high at 53.94%, filled the fair value gap around 54.3% and it is now testing the 12h supply zone around 54.55% as predicted. I am expecting to see now some retracement, however we do have lots of bullish momentum which may cause it to keep moving up and breaking through the 12h supply. Waiting for confirmation.
Bitcoin Dominance vs. Altcoins visualizedA common market dynamic that I find newer participants asking about is Bitcoin dominance and how it effects Altcoins. Total3 is all altcoins minus Ethereum and Stablecoins. Look at the direct inverse relationship these two setups tend to have. Since the king (BTC) tends to lead total market moves, many participants take profit from more volatile altcoins directly into BTC. This rotation is very normal, and a needed reset for altcoins to continue.
Next altcoin season is coming now. Buy altcoin
+forth
+neo
+eth
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BTC Dominance to 45.26% this chart is based on Elliott wave theory and also according to DAW theory .. chart repeat it self again and we have not to break 55.29% by any means
MACD confirm that the wave is ABC and dominance has to reverse now to reach 45.26%
and this will give alt coin to pump and go to the moon
📈BTC.D analysis, ready to pullback📉CRYPTOCAP:BTC.D
Hello Traders, please check out my previous ideas.
As indicated in the chart, Bitcoin Dominance can return to the yellow range, near the pitchfork midline.
BTC.D can reach Bollinger-midline then starts its downward trend.
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Bitcoin dominance back to trendAs the ETF is pending, BTC rises and many altcoins fall heavily, especially the weaker narratives. The BTC cup and handle is playing out at the start of this new year. I believe the golden fib is next 56%, a huge price increase for BTC looms.
BTC.D up, ALTS downBTC.D is made a retest but failed to create a lower low, instead given a break and close above of the Resistance Area. Alts were dumping aggressively right now, as #BTC make short-term aggressive moves, and money started flowing into it. Dominance Reached towards the Resistance area of 54.5%. Still, there's index reached area, so alts will react and might jump a little bit.
Begin to buy?In the heart of the crypto storm, BTC.D, the dominance index, has gracefully taken a step back, and astute investors are spotting a golden opportunity amidst the volatility.
Recent market movements have seen BTC.D experiencing a short-term decline, sending ripples through the crypto community. But hey, wise investors know that every dip is a potential launching pad for greater heights!
Liquidation Frenzy:
Whispers of liquidation circulate, and we can't help but feel a tinge of sympathy for those who weren't prepared for the rollercoaster. Fear not, dear readers; opportunity often knocks loudest in times of uncertainty.
ETF Bitcoin Hype:
The market is on the edge of its seat, collectively holding its breath for the imminent ETF Bitcoin decision. Confident murmurs fill the air, with many insiders hinting at an approval. Could this be the catalyst that reshapes the crypto landscape?
Seasoned investors understand that every storm brings hidden treasures. Could the recent BTC.D decline be your ticket to accumulating crypto gold at a discount? Smart money is always watching for these strategic entry points.
Disclaimer: This article is for entertainment purposes only and not financial advice. The crypto market is a dynamic and unpredictable environment. Invest responsibly.
bitcoin dominence CRYPTOCAP:BTC || dominance is still in uptrend.
Daily had a potential mss. Reclaiming and holding the weekly ob would be bullish.
We had a rejection alrdy on the first try. Lets see how the second goes. Median level is important. Wicks above but bodies below is bearish.
How does this translate to the general markets?
If it gets rejected it could mean that money flow either into alts or stables.
If we go up BTC is either a hedge against falling alts or the entire market goes up with btc outperforming most tokens.
Bitcoin dominance Head and ShoulderBtc.d is ready to go down as the bull market broadens out in the coming weeks
BTC Dominance Kills AltcoinsBTC.D is trading at neckline trying to break the resistance level on bigger time frames.
While we observe the bleeding of the altcoins.. we can only hope this will stop
And the dominance won't brake any resistance and start to decline.
This is challenging because Bitcoin may start a new cycle..bearish or bullish
Either way Altcoins may need to wait after smart money to flow into smaller caps
We shall see an early sign of this in the next few days...
Most of this may be strong corelated with the ETF approval
Take Care !
Upside target : 60%
Downside : 47%
#BTC.D 6H Chart
Bitcoin dominance is trying to break through the 6h breaker zone as predicted. It is still expected to move up and take out the high at 54.06%.
Bitcoin is reminding us who’s the KING
BTC grinding towards 45k while ETH stays at 2250
BTC dom keep going up after testing weekly EMA200 while sucking alts blood
ETHBTC about to break down
ETF or not, make sure you have enough exposure to BTC instead of 100% alts
Alts will have there time when BTC dom hits ~57%
Look for pairs that go strong against BTC not USDT
BTC.D (W)
Inverse ETHBTC (2W)
HAPPY TRADING!
BTC.d Losing Support and the Bullrun is Around the CornerBTC.d gets strong in bear markets and corrections. When it starts to lose support and drop, it means a full alt season is on the way.
The vertical white lines mark the Halving events and the red vertical lines are marking the ATH events.
Check my other analysis which sums up this prediction supporting the beginning of the alt season.
#BTC.D 6H Chart
Bitcoin dominance is currently ranging inside the 6h breaker zone. I am not expecting this zone to hold and it is expected that the previous high at 54.06% to be taken out. Waiting for confirmation.
BTCD - Triple Bottom - TIME TO SWITCH ALTS TO BITCOINThe Triple Bottom has emerged in BTC.D. A Triple Bottom is a reversal pattern so I would suggest if you are holding Alts, turn it to BTC.
What is Triple bottom?
The triple bottom is formed after a period of a downtrend and is formed after the price movement of the stock went lower three times, but found support each time around the same level.
After the third bounce off of the support level and then a break through the resistance level, the trend reverses and the stock moves higher.
If you find any value in this idea, give it a thumbs up!
Ehsan.F
TIME ALTCOIN SEASONQuasimodo pattent
Time for altcoin season, Prepare money to buy more Altcoin in BAG.. FULL BAG.
#BTC.D 6H Chart
Bitcoin dominance is still moving up breaking through resistance areas and it is currently heading towards the 6h breaker around 53.4%. We shall wait for lower timeframe confirmation once price taps into it before potentially expecting some bearish movements again.
Possible Move Down to Daily SupportBitcoin Dominance may move down to daily support around ~48-49%.
Confluence:
It has failed to remain above 53.2%, which is the bottom of a resistance area
Not pictured: it has also lost the 50 day SMA and is presently pushing on the 50 day EMA
It has formed a smaller rising wedge as it moved into resistance and broke down from the bottom of that wedge (light blue diagonal) targeting ~49% for its 1x measured move down.
There is a larger rising wedge (white diagonals) that will see a confirmed breakdown if the smaller one above hits its ~49% target, and its initial target is bottom of daily support @ ~48%
How this could be invalidated:
A reclaim of the 50 day SMA (not pictured).
Get back above the 53.2% level and continue pushing through resistance.
Move back above the smaller rising wedge's bottom and get above the shared top from both rising wedges
Here's a look at the chart above, but with the 50/200 day SMAs and EMAs:
Thanks ahead for reading and sharing your thoughts!
- dudebruh
BTC.D 2 ALTERNATIVES CRITICAL ZONEThere are 2 alternatives on bitcoin. First one is, we will say the retest is okay from here, on the bull is gonna start for alts. The second one is. Dominance will reach up to 58 then we will have a bull season for alts. Which one do you prefer?
