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Bitcoindominance

Alt Season Round The Corner !?!? !!! Please keep in mind I use Daily, Weekly & Monthly charts period !!! Disclaimer - This is not Financial Advice. Bitcoin Dominance Chart is forming a rising wedge this generally indicates a break out is about to occur. As the trend was heading in a downward direction, we should see the downwards action continue, however, this won't be confirmed till the break out happens. I have plotted the directions I believe the chart will follow off support and resistance levels. Keep in mind that just because the Bitcoin Dominance heads lower, might not mean the price off BTC will fall but could rise gradually slower compared to the rest of the Crypto Market. If I had to estimate a time frame 1 - 2 weeks for break out confirmation, 1-2 weeks to retest the trend line then 3-5 week downward movement.
CRYPTOCAP:BTC.DShort
by Ikigai_Kaizen
Bitcoin Dominance in for a Crash!!?Bitcoins dominance has been pretty stubborn holding this support level at 45.74% but i think in the coming days we are going to see a decent sized drop in BTC dominance, we have wicked below this support level and are slowly coming down trying to push through it, lower dominance will be key for altcoins to really start exploding, same thing for BTC, we saw low dominance levels a couple months ago and we were seeing nice pumps in PA. What i noticed that could be very important is that todays candle/wick has touched down on the bottom band of the BB's, if we can see this continue we will likely be in for a big slip to the downside, now at first this could pullback the market a little bit but afterwards Altcoins especially will begin to rally, If we do see a drop in dominance it will be key to have that midline on the bollinger bands which right now acts as resistance below the support we are stuck on right now, this gives us a second layer of resistance so pumps back above this support are more unlikely. Im hoping if we do take a ride down the bollinger bands it gives us enough power to push through the next support level at 44.6%. The MACD is looking very positive for this prediction, we are a long way away from a bullish cross especially with our MA's seeing bigger separation, the Blue MA is pointing down pretty heavy leaving the orange behind and we are seeing bigger bear momentum on the histogram. Now the WaveTrend also lines up with this prediction we are almost pointing straight down and we are now passing through the mid section where it was the most likely spot for a reversal, we are likely about to see another bearish wave on the histogram here it looks like it is already starting with no sign of slowing down, ALT Season may not be too far away! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC Dominance Level 📉👇 (Good for the Altcoins?)💎Technical Analysis Summary💎 BTC.D -The Bitcoin Dominance started moving lower after a bearish retest -The mid-term trendline support is finally broken downwards -The price is now creating a lower low followed by a lower high -If this decrease in value for BTC Dominance continues -The next possible support for a bounce is at 44 level -For now, we can see strong altcoins performing pretty well -I'm expecting at least 5 days good green days for the altcoins -But that all depends if Bitcoin can hold above 44k dollars -Please only trade those coins with a good risk:reward ratio -Do not blindly buy any coins without looking at the risk potentials -Good luck everyone and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` 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
10
Time for alt season? Rising Wedge Continuation Pattern The rising wedge pattern just broke down on the BTC.D chart. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend. Trade opening should be upon once the support (blue) is broken and retested as resistance . Target a.k.a. Take Profit (purple) should be the vertical distance between resistance (yellow) and support (blue) at the starting point of the wedge. Stop-Loss (red) should be placed slightly above the resistance of the wedge (blue). Win to lose ratio : approximately 3:1 Last but not least, the above scenario perfectly coincides with the #divergence (orange) on the RSI.
CRYPTOCAP:BTC.DShort
by Audere_Capitis
ADA is about to gain momentum against BTCFalling Wedge Continuation Pattern There is an easy to distinguish descending wedge pattern on the ADABTC chart that has been forming for over a month. Typical for that set is to appear when the price consolidates, and if confirmed, it’s predominantly a continuation pattern of the long term trend. Trade opening should be upon once the resistance(blue) and previous lower high(green) are broken. Target a.k.a. Take Profit (purple) should be the vertical distance between support(yellow) and resistance(blue) at the starting point of the wedge. Stop-Loss ( should be placed below the lowest traded price(red). Moreover, the same level has acted first as resistance and lately as support for the past six months(green-purple channel). Win to lose ratio : approximately 3:1 However, ideally, we would have another signal to back up this theory, such as divergence on RSI. Unfortunately, that's not the case as of now. Last but not least, the above scenario perfectly coincides with the rising wedge pattern on the Bitcoin dominance chart BTC.D and the expected effect of the upcoming release of the smart contract on the Cardano ADA blockchain , which should happen towards the end of August/start to mid-September. However, the concrete date is yet to be set.
Long
by Audere_Capitis
3
BTC.D 🚀Hi everyone, wish y'all have a profitable life 🍀 📍 I can see some raise in Bitcoin's dominance in parallel with the Bitcoin price growth. ⚠️ BUT, I still am not completely sure if this growth is smart money or a possible bull-trap, however I trade EXTREMELY carefully nowadays, plus I need to see the 44k zone to be broken and watch the volume indicator CAREFULLY. 📌 I personally think that the 50% zone needs to be tested! ⚠️ This growth is not a good NEWS for the Alt-coins. THIS IS NOT A FINANCIAL ADVICE PEACE 🍀🕊
CRYPTOCAP:BTC.DLong
by C_EWAVE13
2
BTC DOMINANCE PASSING A CRUCIAL LEVEL!!Bitcoins dominance level is on the fall once again after i thought we would see it happen a bit earlier but none the less this is positive for the market overall! We have actually passed a very crucial level here that could bring us an overall trend reversal, we have crossed the pivot point and if we can secure a daily close here we have a very good chance of turning to a downtrend which in turn could drag down the market initially but afterwards as dominance gets lower and lower altcoins will start to make some explosive moves. Also looking at the bollinger bands we are headed towards the bottom band which whenever that happens we could see a bigger fall if price action starts to ride the bottom band, very important is if we keep trailing downwards getting that midline on the BB below that pivot point will give us an extra layer of resistance so hopefully we can stay below the pivot point keeping the BTC dominance downtrend going! Now the RSI looking pretty bearish which in BTC dominance terms i see as good, we have crossed through the midline at the 50. point and if we can keep pushing downwards and hold below this line we will be looking at a confirmed downtrend, we have been in an uptrend for a months time now and i feel like we got a good chance of reversing that here and getting back to the bull cycle / altseason! not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC dominance - signalling AltSeason to resume ??It seems to me that the BITCOIN DOMINANCE is signalling that the AltSeason could soon resume !! After having broken down at the 72 level it rapidely collapsed until the 40 level. In my previous post (2 months ago) on BTC DOMINANCE I stated that "it could start overperforming" again (with the 50 level in mind). Now that it has recently reached the 49.22 level it got rejected at the top of the bearish wedge. I think we are done ! If it breaks 47 we could see the Altcoin market resuming again ! We could indeed see Bitcoin making new ATH, but I feel like the Altcoin Market will soon outperform Bitcoin again !! Let's follow BTC dominance closely...
CRYPTOCAP:BTC.DShort
by Dangermousebanana
1
BTC.D Bitcoin Dominance - Elliott Wave + Alt Season!- Update for BTC.D chart on the weekly timeframe. - The chart is showing us that bulls are forming an ascending triangle. - Which is something we do not want to see, if we want ALT SEASON! - However, i bealive the index will continue to drop down after the triangle plays out. - The triangle can also morph into a bear flag, which is something we want to see on the other side. - This is my Elliott Wave count, if you have something better, please let me know in the comment section down below. - 200 moving average is a strong resistance, so keep that in mind! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
11
#Bitcoin Dominance Pump Incoming? Alts in Danger!Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get straight to the chart. It's been a while since I posted this chart on BTC.D, BITCOIN Dominance is currently facing the triangular resistance. The rejection would lead to some rally in BTC pairs. Unless we see a confirmed breakout or a breakdown it's better to wait for now. IMHO Bitcoin looks prime at this point so if the current money in the market flows in BTC we won't see much change in ALTS/USDT pairs. Instead, we will see a dump in BTC pairs because of an increase in BTC dominance. What's your thought on this? Do share in the comments section. Stay tuned More updates coming up. Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
1
What to do with Altcoins? 🤔🤔Many people ask for an analysis of altcoins. What to do? When to buy? When to sell? I get questions like this in my personal messages every day! Let's figure out what to do. The bitcoin dominance chart clearly shows that the price has broken away from the significant 40 mark. After that, it has been moving in an uptrend for a month, which is not good for altcoins. The price has now entered a zone where the fate of all altcoins will be decided. Bitcoin dominance - 2 scenarios: a)If bitcoin dominance breaks the upper resistance level, then all altcoins will start to decline further and the best solution is to sell. b) If bitcoin dominance breaks the lower support level, it will be a good buying opportunity and the altcoins will rise well. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
CRYPTOCAP:BTC.D
by Yuriy_Bishko
19