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Bitcoindominance

Bitcoin Dominance in DAILY TimeframeHere's a very simple price action analysis for bitcoin dominance. As you can see dominance can hit the support level 39 or around it and then the dominance can rise up to 44 and maybe to around 47-48 which we can see a price up for bitcoin. Beware of ALTCOINS! ps,I have been hearing about altseason as well which i find unlikely to happen. We will see the growth of altcoins for a time as you can see on dominance but NOT an altseason for now.
CRYPTOCAP:BTC.DShort
by DonnyaHJN04
4
Bitcoin dominance is falling despite market crashThis is an interesting development of the Bitcoin dominance considering that the markets were all crashing. In the past most crashing events led to a sharp rise of the Bitcoin dominance while Altcoins were dropping much harder in comparison to Bitcoin. Seeing this could actually mean that we will see a break-out to the downside of the 40% range soon that could lead us to 30-35% levels once momentum is picking up. Generally, one should still be careful trading this setup as markets are reacting strongly to Evergrande's potential defaulting & the sharp rise in cases of the omnicron variant. Good luck with your trades! Do not consider this as financial advice.
CRYPTOCAP:BTC.DShort
by UnknownUnicorn3707027
4
Bitcoin Dominance is about to go high again!Bitcoin dominance could easily bounce back up and this would cause major drops on all altcoins that recently made x100 and more. I expect bitcoin correction while altcoins keep falling finding their new bottom. Bitcoin dominance could easily be restored to 65% - 70% of all crypto market cap by the year 2023. Expect many coins at their new bottom. One of the greatest falls I expect on Dogecoin down to $0.005, which means it could drop down to 99.3% from its ATH. Prepare to face the reality, I'm buying popcorn and start watching :)
CRYPTOCAP:BTC.D
by poplach
12
Bitcoin Correction Same Like My Analysis. Where is Reversal?Bitcoin correction same like my analysis. Here is the strong support to reversal. Bitcoin correction finally touch Fibonacci area 0.618 (51627.94) and touch the strong support area around 51k-53k. It indicate the support and reversal. Bitcoin need to make higher low and fill the gap that's why there is correction there. Wait for break out to take long position. Look my previous ideas here: note: do your own research before trading.
Long
by pandupratama7
2
Bitcoin Dominance Ready to Drop!!?Once again we are discussing the very important BTC dominance, the reason of why this is being brought up over and over by myself is due to the fact that this is the best indication of where the market is headed and most importantly where the altcoins are headed. If we continue to see drops in Bitcoin dominance each drop is going to significantly boost the altcoins, keep in mind that Bitcoin is likely to drop if we see a spike down in dominance in turn bringing the alts down with it, but heres the catch.. initially the alts will bleed along with BTC but once we see a settle and catch support for BTC the altcoins will be primed to breakout and rally to the upside. we have broken through the 42.62% support level and we will need to hold under here for our daily close and we are coming up on our next support at 42.36%, a decent support level with some strength, but what im seeing right now could be pose a big threat to this support level which is exactly what we want, and that is, the bollinger bands. As you guys probably know by now grabbing onto the bottom band can trigger an explosive move to the downside. Our current price levels are resting right on that bottom band and as we head into our daily close this could be huge for altcoins, a close ontop of this bottom band opens up the door for continued red candles that will likely push down in a vertical manner in turn shredding through most support levels we are currently facing. The RSI has been rejected off of longer term downtrend resistance, we are now heading for the further downside and the very bottom zone, this resistance level poses a threat to the RSI as it is very strong and could definitely give the RSI a lot of problems when we try and break it at a later point. Overall this is very good aswell though and the main thing is that we are continuing to cruise around in the bottom half of the zone underneath the midline, being under the midline puts us in a confirmed downtrend scenario that could go on for quite some time, and downtrend in BTC.D equals explosive moves for the alts. Now the MACD, i have it zoomed in pretty far so we can get an accurate read but we just recently had a bearish cross which is a good sign and we are seeing day after day increased red bars on the histogram giving momentum to the bears, our MA's are looking good off the bat we are seeing good separation and we want to continue to see this play out as itll get harder and harder to get a bullish cross. Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BITCOIN DOMINANCE EXPLAINEDTo be successful in crypto you need to know how the market works and why it’s behaving like it is. Bitcoin is the first ever cryptocurrency and will be the biggest a long time. This means that what bitcoin does will have a large impact on the market. But there are also times where every coin does it’s own thing. Here is where Btc.d comes in. Simply put, when bitcoin dominance is high, it means that almost every move is similar in the whole market. While when it’s low, we don’t need to worry too much about what bitcoin is doing if we see a good trade in some other coin. We can take advantage of this! Btc.d is surprisingly accurate with technical analysis. In the chart you can see two boxes where I would either buy bitcoin or altcoins. You still have to find good setups and everything, but it gives a good indication of it’s either altcoins or bitcoins time to shine! Good luck traders! Leave a like if you found this helpful <3
CRYPTOCAP:BTC.DEducation
by SebLeDank
2
BTC Dominance - 2017 vs CurrentBitcoin Dominance charts are shown with the left being the current market and the right being the 2017 market. Could we be playing out a similar BTC dominance but with a longer cycle? The upcoming days will tell if this is true or not. I thought it was interesting to share with the community. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. 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 #bitcoin #altcoins
CRYPTOCAP:BTC.D
by MillionaireEconomics
1
ETH still needs to retrace some before cont. up for macro wave 3ETH still needs to retrace some before cont. up for macro wave 3 up. I think we will see an extended wave C down to at least the 1.236 ($4294). That last drop had heavy volume. I think we we soon see more volume in a downward trend. I've been toying with the 128MA (black line). This MA, historically, Has been strong support or resistance in the past. Eth has crossed it on the 1hr and approaching it on the 4hr with this ABC correction. BTC on the 4hr has hit this support twice in the last 3 days. Both Eth and BTC are struggling to stay on the upper side of the Bollinger band. With the previous high we saw coupled with a lower RSI (indication of the top of wave 5 and the beginning of an ABC correction) I believe downtrend is immanent. I think many other alts are in the same pattern. Total Crypto market cap hasn't dropped much during this dip. It currently sits at -6% from ATH. BTC dominance is dropping. These two together indicate money could soon begin to move from BTC over into alts during this dip.
by tsbirch1
2