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Bitcoindominance

BTC Golden Zone!!When looking at BTC on the Daily TF, we can see after its selloff, that it's currently in the golden zone based on the Fibonacci Retracement Tool. Data shows that this is typically a good area to anticipate a price reversal. It printed a green candle yesterday or in my case blue candle showing indecision and it's looking like it's preparing to move higher. BTC is currently at support so I think entering now, with a tight stop, would be a smart move. If we do end up falling below this support we can expect a drop to around 30k. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! Love it or hate it, hit that thumbs up and share your thoughts! This is not financial advice. This is for educational purposes only.
BITFINEX:BTCUSD
by rnaofs
BTC Bitcoin Dominance: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D). The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta color) and a multi-month double bottom pattern (bullish ; in blue color). The RSI (relative strength index) bounced off of a multi-month support line and potentially headed back upwards. There is still room for growth. If Bitcoin Dominance breaks up, it could be a great sign for the Bitcoin price. If it breaks the support line, a potential altcoin season may be coming very soon! Shown: Support and Resistance Line, Trendline, Double Bottom Pattern, Triple Bottom Pattern, RSI (relative strength index), Triangle Pattern If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:BTC.D
by MillionaireEconomics
11
CHZ/BTC MOST BULLISH CHART OF 2022!!Hello everyone, if you like the idea, do not forget to support with a like and follow. As you know Bitcoin dominance breaks down the 40 level support which is a very crucial support. Now I'm expecting that it will go down more and we all witnessed a mega alt season in 2022. So here's my first pick for this Alt season. Welcome to this CHZ/BTC trade setup. CHZ looks extremely bullish here. It is making a bull flag in 2D and a weekly time frame. Once it breaks out from the bull flag it will fly. Buy some here and add more in dips. Entry range:- 620-680 sats Target1:- 850 sats Target2:- 1360 sats Target3:- 1800 sats Target4:- 2400 sats SL:- 520 sats If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
#BITCOIN DOMINANCE Breaking Down! ALT SEASON has already begun!Welcome to this quick update, everyone. I know you've been waiting for this chart! Bitcoin Dominance has broken down the important level of 40. As per the pattern the index is likely to hit the 30% level. It's also moving below all important EMAs. Showing signs of weakness. Meanwhile traders will shift to Altcoins against BTC. This could be a very good opportunity to make some profits in the next few weeks while BTC moves sideways (which means accumulation as per my last BTC chart). Many Altcoins are already showing some strong moves. So Here's my trading plan:- 1. Keep BTC mostly. 2. Trade more on Spot and low leverage Margins on ALT/BTC Pairs. 3. Trade less on Futures (Only at the support levels rather than between a range). 4. Make more BTC. I'll be sharing 15 to 20 Altcoins this week. Invalidation:- Only a weekly break and close above 40.88% will invalidate this Chart. So far this scenario is unlikely. Do hit the like button and share your views in the comment section. Follow me to know the next Altcoins I'll consider adding to my bags. Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
4
bitcoin dominance analysis to understand BTC vs ALTs behaviorthe dominance of bitcoin is testing its critical support line for the third time, with a bearish hidden divergence in the peaks of the price action and indicator, I expect a break this time. what does it mean? 1. whole market crashes (high probability) the whole market crashes, but Bitcoin crashes harder and sharper than alt coins in this scenario, I prefer to buy ONLY BTC in the deepest dips! 2. bitcoin continues sideway for a while (medium to low probability) this will result in ALT SEASON! 3. bitcoin rises right from here (low probability) Alt coins rise sharper! ALT SEASON again this is not financial advise! these are just my thoughts on "probabilities" based on divergence strategy :)
CRYPTOCAP:BTC.DShort
by honarparvar
4
BTC Dominance: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D). The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta color) and a multi-month double bottom pattern (bullish; in yellow color). The RSI (relative strength index) is also moving up a multi-month support line. There is still room for growth. If Bitcoin Dominance breaks up, it could be a great sign for the Bitcoin price. If it breaks the support line, a potential altcoin season may be coming soon. Shown: Support and Resistance Line, Trendline, Double Bottom Pattern, Triple Bottom Pattern, RSI (relative strength index), Triangle Pattern If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:BTC.D
by MillionaireEconomics
7
Altseason Almost Here!!!Taking a look at our bitcoin dominance and we have just recently broken right through that crucial 40% mark and that is a huge deal for the altcoins, realistically we should start seeing some explosive price movements going forward across the board. We definitely want to see our daily candle close below the 40% line as it would be very bearish and with that bullish for altcoins. A close here opens up the door for a breakdown to our first support at aprx 39.5% and then our S2 support which comes afterthat, either way any price action going forward that continues to drop is very positive for the alts! The bottom band on the bollingers as you can see is just below us we actually wicked onto it, the door is open for us to grab onto here and to see a big fall in domiance, historically closing ontop of this bottom band leads to explosive bearish price action just like we want! The RSI is getting crushed fairly badly and thats another great sign going forward, the RSI getting stuck below the midline signals we are in a confirmed downtrend which of course is positive for the altcoins. The interesting thing here though, is that we have tons of heavy resistance above us and it appears they are going to be pretty tough to breakthrough, we have the SMA which we are now below(BEARISH) and then we have two overhanging heavy lines of resistance that will take quite some time to break i personally think! Overall looking very good for the altcoins and if we see this trend continue moving forward we could be leaping right into altseason where i expect to see some explosive massive gains! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BITCOIN dominance update ; RErun play ; modified - late SEPT 17BITCOIN dominance ; RErun play ; modified - late SEPT 17 ive adjusted this after staring at my old dom idea for awhile. ive linked that for good measure. think i was off by a bit. its all there. including the projected bullrun end. (if we haven't already now) if this is right then we are late sept 17. which does kinda fit price action wise. though everything is a little less peaky with btc this time. which is to be expected. lets see how this plays out!
CRYPTOCAP:BTC.DLong
by Crypto-Quantum-Fox
BITCOIN: LAST SUPPORT AREA + HEAD AND SHOULDERS PATTERN.Bitcoin seems still in bearish scenario as you can see at Timeframe 4 Hour, show head and shoulders pattern (bearish) and bitcoin failed to break EMA 200 at Timeframe 1 Day. The last support area around 39812 - 41183 price. You can take short position and take profit there with stop loss around 49355. Watch your money management and do your own research before trading. If break it will be bearish season. Look my previous ideas here: note: only take position after confirmation and do your own research before trading.
Short
by pandupratama7
BTC Dominance - Why alts dumping was predictable... 🙄If you studied the BTC dominance chart you knew that the 40% market share for BTC was a key support. Once hit, there was only one result... altcoins will bleed and now they are all in double digits red. Bitcoin dominance has bounced of the support and now is moving higher. Yes, BTC price is also falling, but not as fast... hence BTC is gaining in market dominance. This is usually the worst outcome in the market, where everyone loses. Just that BTC holders suffer less. However, this dump is... uncharacteristically slow. We seem to go lower bit by bit... This is either a massive bear trap and we PUMP hard soon or the market will continue to bleed slowly until it finds equilibrium again. There is no flash crash, no news, just... money exiting. So long BTC/ETH don't make a lower low, there is till hopium. If not, goblin town welcomes you. Like and follow if you liked my idea!
CRYPTOCAP:BTC.D
by DU09
1
BTC Dominance: Alt Season Coming!Hello friends, today you can review the technical analysis on a 1W linear scale line chart for the Bitcoin Dominance. I generally look at candlestick charts, but for presentation purposes, a line chart is used. 1) The BTC Dominance has been respecting a Parallel Channel since the May 2021 crypto market correction. 2) Also there is a Bear Flag Pattern that has formed in the charts. This pattern's target is usually the length of the flag staff. 3) Since the RSI (relative strength index) recently broke a key support line, it may go back up to re-test the trendline before falling further. 4) With the potential increase in RSI, the Bitcoin Dominance may go up as well before a drop down. 5) If the Bitcoin Dominance falls to the target, it could result in potentially the biggest Altcoin Season. 6) If Bitcoin Dominance breakout above the Parallel Channel, it could invalidate this idea. 7) This is a weekly chart so don't expect anything to happen quickly. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:BTC.D
by MillionaireEconomics
4