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Bitcoindominance

BITCOIN IS PUMPING BUT WHY ALTS CONTINOUSLY DUMPING? Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick update on Bitcoin and USDT dominance. Here I will be showing a simple diagram of the whole Bitcoin dominance effect towards Bitcoin and Altcoins. It's quite simple and easy to understand. As you see in the Bitcoin dominance chart the dominance is continuously increasing. It's currently hovering above the 45 levels. In my previous update of bitcoin dominance, I clearly told you that Bitcoin dominance is pumped from here so be careful with your Alts. Hope you listened and took the necessary steps. Right now we have resistance at the 48-50 level and it is highly likely that bitcoin dominance is rejected from there. As soon as we see any rejection or fall in bitcoin dominance we see a good pump in altcoins. Also, there is very strong support at 40 levels if we break this support then we definitely see a mega bull run of altcoins this year. Also, if you look into the USDT dominance chart. It also holds a very strong support zone. As soon as we break down this support we see a good run in USDT pair altcoins. So what we should do now? Keep a close eye on both Bitcoin dominance and USDT dominance. As of now don't hold much Alts. You can buy some good altcoins on spot and average it in dips. They will give you high returns when we see rejection in Bitcoin and USDT dominance. As I see in the chart we definitely going to see a mega bull run in both Bitcoin and Altcoins. So I'll try to give my best in this quarter and we (the CoreCrypto family) definitely made huge profits in this bull run. Just be with me and keep supporting. If you like this idea then do appreciate it with like and follow. It motivates me to work more and more. Also, share your views in the comment section. This isn't financial advice. DYOR before investing. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
2
King BTC for the next monthsBTC Dominance is in a long term range between 70 and 30 and i believe this range will not break higher or lower for a long time ahead. MACD in Daily and Weekly is bullish on the charts and i don't see it reversing that fast, hence prices would go higher into 60s area in the coming weeks, if we get there we should start looking at reversal options. This mean Alts value in USD would probably benefit from BTC higher prices but we wouldn't see an overall "ALT Season" where ALTs are overperforming BTC. Of course this would need to be followed as we cannot predict the market
CRYPTOCAP:BTC.DLong
by Heatrading
BTC Dominance PredictionThis is just an idea I charted back in early October. Putting it here to see others' thoughts. I have 3 theories on how this market cycle is going to end. This is 1 of them which is quite bullish and is reflected by this chart: Early Jan will be the peak of the altcoin season hence we drop below the 2017 BTC.D but then instantly pump back up. The whole market dumps early January based on this idea as per 2018 January. February we then get a cat bounce as ETH2.0 is announced and/or is anticipated. But this bounce will prove the bear market is upon us as a week or 2 before the ETH2.0 launch (I expect around late Feb or early March) will be the mother of all dumps. At this point, if you HODL'ed during the dump from early Jan, it's probably best to sell on this bounce and perhaps leave a small amount for speculation. Again, this is just an idea.
CRYPTOCAP:BTC.DLong
by yas_btc_eth
4
Bitcoin Dominance Downside Coming!!?Bitcoins dominance has risen up along with bitcoins price and hurt the altcoins almost all around the board, but things are looking up for altcoins as bitcoin dominance looks like its about to tumble down. As dominance falls altcoins will start to rise and the more it falls the more Alts will pump, keep in mind bitcoin can initially drag down the market if we see price action drop along with dominance but once we find some footing on BTC we can expect altcoins to start flying! First off taking a look at todays daily candle, we notice a very small body and long wicks coming from both sides, now this is often looked at as a transition candle and in this case would be a bearish transition candle, we do have to wait for our daily close tonight to really get the confirmation, but either way i think some downside on the dominance is coming sooner than later. We have had a spree of green daily candles, we have had 18 in a row almost except for 1 red candle in the middle of this run up, as you can see on the pivot bands we have had many many touches off the red band at the top and what usually follows is some downside, and this will be key for the altcoins. We want to see a push underneath the purple midline which likely wont happen today but i could see it coming in the next couple days, this will eliminate a key support level and then we will be challenged with support at 44.68% and a break below here is what we want to see, then of course a continued fall downwards. Now looking at the reversal momentum indicator (RMI) we are coming up very close to a bearish cross or a bearish reversal, and since we are pretty high up in the top zone we can likely see a decent fall if we do see this reversal play out, we want to see big separation with the orange on top. Now the Wavetrend is looking pretty bearish considering we are in the sell zone now for a bit of time, and we notice a nice downside curl signalling this upside wave could definitely be coming to an end here soon, the last time we saw such a big upside wave was at the beginning of august and we were followed with pretty heavy downside which will be key to spark this altseason and too send the altcoins flying sky high! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
1
Bitcoin Dominance Chart AnalysisPeople ask a lot about this chart, Bitcoin Dominance (BTC.D). Currently, we have some bearish action developing even though it is early on. We are used to reading early signals and this is pointing like a correction is about to show up. Check my latest BTCUSD for more details. Now, how far down can this one go? We are looking at a correction but not a bear wave/market, with this in mind we aim at a higher low. The 0.5/0.618 Fib. retracement level looks like a good support. This is also close to EMA50 which also tends to works as strong support. The RSI is already trending down after a lower high. Same with the MACD. This is all expected and we are not surprised. We need one final strong correction before Nov./Dec. If we really one to see $100K or beyond. This is what I see coming from this chart mixed with all the data that I have from reading Bitcoin for the past 8-12 months. If you agree or have a different opinion, share it in the comments section with us. Thank you for reading. Thanks a lot for your continued support. Namaste.
CRYPTOCAP:BTC.DShort
by AlanSantana
25
$BTC Dominance$BTC Dominance (Timeframe: 1D) -------------------- Long Term Resistance: 50.17% Long Term Support: 36.31% BTC Market Dominance becoming a much more defining factor over the last couple of days, as the bounce from 39.90% has sliced through our 43.75% key level and retested it as support. Now that dominance is gaining momentum towards our next key resistance level (50.17%) we could see BTC being the only significant gainer in the next 5-7 days, before giving alts another chance of catching up -------------------------------------------- Best Regards, iSmashProfit™
CRYPTOCAP:BTC.D
by TopGBanks
BTC Dominance, Altcoins might get rektTakeaways -Stoch RSI Bull Divergence cross on weekly after September Correction -Polynomial regression trend moving upwards ~53% dominance -Q4 could bring the market cycle to where BTC takes the lead until 80k-100k, with certain alts going parabolic shortly after btc run (shib the new doge?) -Though can't say for certain that we are in BTC season given an Altcoin Season Index of 43 . But, it is a btc month. Speculation: -CeX's temporarily delist alts that fail Howey test -Taproot upping the competition for native blockchains that don't have smart contracts -Alt-coin king $ETH having a limit sell block region from 3.8k-4k , with buy limits at every 50$ from 3.25k to 3k. BTC had a limit region like this but back when it was 40k. Maybe $ETH will have the same effect $BTC had but in reverse?
CRYPTOCAP:BTC.DLong
by linebands
BTC Dominance (Weekly EMA19 Resistance?)💎Technical Analysis Summary💎 BTC.D -The Bitcoin Dominance value is retesting the EMA19 on the weekly timeframe -If the recent history will repeat itself, we could expect rejection and retracement back to 40 level -And during its downward movement, the altcoin space will experience good recoveries or upside rallies -For now, we can see the BTC Dominance is reacting to this EMA as resistance -If a bearish confirmation will happen this week then we could see a short term Altseason -Take note, this is only a guide, Bitcoin price action is still the king -As long as Bitcoin is showing good signs of strength, strong altcoins will continue to perform -So please make sure to trade only coins that are showing good strength in terms of price action -Good luck guys, and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
CRYPTOCAP:BTC.D
by PolarHusk
14