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BTCDOMF0 / USTF0

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BTCDOMUST.P trade ideas

BTCDOM at the threshold of a strong impulseA very interesting situation is now observed on such a ticker as BINANCE:BTCDOMUSDT.P - bitcoin dominance index released by Binance. It differs from CRYPTOCAP:BTC.D in that it shows bitcoin dominance to the top 20 altcoins. On the weekly chart of BINANCE:BTCDOMUSDT.P there is a very old AMEXP model from June 5, 2023, which essentially describes the entire current uptrend on this index. So within this model there was a target value of 100% level (2625.1), which has been a resistance for 112 days and during this time there were 4 attempts to test it. In case we see a breakout, there may well be a very strong impulse, which will be accompanied by great volatility in the market. What two scenarios could work at this point? 1️⃣ Index growth will be due to the fact that the top 20 altcoins will stand still/fall on the background of INDEX:BTCUSD growth. 2️⃣ Index growth will be due to the fact that the top-20 altcoins will fall faster than INDEX:BTCUSD will fall.
Long
by TSFC
BTC DOMINANCEI see an ascending rising channels that predicts BTC could be in its final phase of dip. If price confirms to this ascending structure, then it ca indicate a confirmation for dominance. What does this mean for traders? Well, a break upwards or further ascending structure can mean BTC outperforming altcoins. A break downwards could mean BTC BTC dominance weakening and increased value for altcoins (alt-season). However, this idea can only serve as an indicator for analysis. it is by no means a financial advice. Proper risk management is key.
Long
by Orhis
Technical Analysis of BTCDOMBINANCE:BTCDOMUSDT.P reflects Bitcoin's dominance in the cryptocurrency market, currently trading at approximately 2936.8 points on Binance. The chart indicates that the index is testing key resistance levels near 2940 points after recovering from support levels around 2910. Key Technical Highlights: Support and Resistance Levels: Primary support is located at 2910 points. Nearby resistance stands at 2940, acting as a barrier that may require strong momentum to break. Trend Indicators: Some technical indicators suggest a convergence in momentum, signaling potential sharp price movements in the coming hours. Outlook: If the price successfully breaks above the resistance, the next target could be 2960 points. On the downside, a reversal may lead to retesting lower support levels. The market shows signs of volatility with positive momentum likely to persist if trading volume remains robust.
Long
by luta_ksa
Altcoin Season Approaching? BTC Dominance Signals Major Shift!Yesterday, Bitcoin Dominance (BTCD) tested the 50% Fibonacci resistance level at 2,848, resulting in a significant daily bounce off this key level. Today, BTCD is attempting to break higher. However, if the daily close remains below this resistance, we anticipate a sharp decline. In this scenario, Bitcoin Dominance could experience a substantial pullback, potentially targeting the 50% Fibonacci support area near 2,600. This support level not only aligns with Fibonacci analysis but also corresponds to a previous resistance zone, indicating strong market activity at this point. If this bearish scenario unfolds, it may signal the onset of a robust Altcoin Season. Traders should prepare for the opportunities that may arise during this period!
Short
by CryptoPAMM
The BTCDOM/USDT chart shows Bitcoin's dominance in the marketThe BTCDOM/USDT chart shows Bitcoin's dominance in the market, with current trading levels around 2,782.5. The price action has seen significant movements, including sharp rises and corrections, indicating a highly volatile market. Key Points: Support and Resistance Levels: The price recently tested a high (HH) near 3,005.8 but faced strong resistance, leading to a correction. Support has been identified around 2,754.8, where a recent long position was initiated. This level could serve as a crucial point for further upward movements. Recent Trade Setups: A long position was taken at 2,754.8, aiming for multiple take profit (TP) levels. The first TP level at 2,734.8 has been hit, and the price is now approaching the second TP at 2,714.9. A short position was also entered near 2,763, but the price has since moved higher, possibly hitting the stop loss (SL) at 2,834.4. Current Scenario: The price is currently in a consolidation phase, moving between the key support and resistance levels. If it breaks above the recent high, it could retest the resistance around 2,834.4 and potentially move towards 3,000. Conversely, a break below 2,754.8 could lead to further declines, with potential targets around 2,688.4 and 2,635.3. Potential Targets: On the downside, the price might target the levels of 2,688.4 (TP3) and 2,635.3 (TP4) if the current support fails to hold. On the upside, the key resistance levels to watch are at 2,834.4 and above, which the price needs to overcome to resume a bullish trend. Conclusion: BTCDOM/USDT is at a critical juncture, with the price testing key support and resistance levels. Traders should monitor the price action closely for a decisive breakout or breakdown, as this will determine the next significant move. Holding above 2,754.8 could indicate bullish potential, while a fall below this level might lead to a deeper correction.
Short
by RICHI_CRYPTO_SIGNAL
Altseason ahead: Bitcoin Dominance - a Pullback, or Reversal?BTCDOMUSDT is showing signs of being overheated, and we believe the price may have topped out, at least in the short term. This comes after a strong rejection at the double Fibonacci resistance level around the psychological 2600 mark, suggesting that a significant pullback could be coming. Currently, the price seems ready for a relief bounce, which should mark the beginning of a long-term trend reversal. If this scenario plays out, we might witness a massive altcoin rally as funds rotate out of Bitcoin dominance and into alternative cryptocurrencies. Keep an eye on this setup, as it could signal an exciting opportunity for altcoin traders. Prepare for the potential shift, and stay tuned for what could be an electrifying period in the crypto markets! 🔥
Long
by CryptoPAMM
#BTCDOMUSDT #1D (Binance Futures) Ascending trendline breakdownBitcoin Dominance is pulling back towards 50MA resistance on daily, seems likely to get rejected next. ⚡️⚡️ #BTCDOM/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 6.0% Current Price: 2374.2 Entry Targets: 1) 2411.5 Take-Profit Targets: 1) 2010.3 Stop Targets: 1) 2612.6 Published By: @Zblaba BINANCE:BTCDOMUSDT.P CRYPTOCAP:BTC.D #Bitcoin #Dominance #Index Risk/Reward= 1:2.0 Expected Profit= +99.8% Possible Loss= -50.0%
Short
by TradingOn
BTC DOMINANCE WEEKLY SHIFT.. a SIGN of upcoming Crypto PUMPS?!I've been tracking btcdominance' weekly data and it looks like a major shift is starting to transpire. Shorters seems to have found their peaks -- and altcoin bulls may take over anytime now. Double top has been created -- and a strong order block resistance is being met with rejection. Expect reversal to the downside from here on for BTCDOM (expect altcoins/overall crypto market to dominate the upside region again) spotted at 1594 (target: extended downtrend) ------------------------- On crypto market, a coin dominance is a ratio of its market cap to cumulative market cap of cryptocurrencies. It's a great way to see how big a coin is relative to the whole crypto market — the value of everything is in comparison. It's calculated by dividing a coin market cap by the overall market cap of the top 125 coins and then multiplying it by 100. It's only when Bitcoin's dominance increases while Bitcoin's price is stable or when Bitcoin's dominance decreases, and its price also decreases that the prices of altcoins remain rather stable. When Bitcoin's dominance increases, altcoins usually lose market share and therefore value vis-à-vis Bitcoin.
Short
by JSAL
If I were to trade Bitcoin Dominance (BTCDOM), I would sell now.Bitcoin Dominance (BTCDOM) has formed a distinctive double top at 2380, a key level marked by a bearish divergence observed in the MACD oscillator. While a strong support zone has emerged around the psychological level of 2000, a critical shift could be underway. It's important to note that BTCDOM has breached below the 50 Moving Average on a 3-Day chart, signaling a departure from its recent trend. The convergence of a bearish MACD divergence and the breach below the Exponential Moving Average (EMA) paints a picture of potential weakness in the BTC dominance dynamics. The emphasis on this potential weakness raises a flag, presenting a reasonable selling opportunity. This decision is bolstered by the recognition of a solid risk-to-reward ratio, underlining the strategic nature of the suggested trade. Traders, take note – the current technical signals suggest that now might be the opportune moment to act on a bearish outlook for Bitcoin Dominance.
Short
by CryptoPAMM