Get started

Bitcoindominance

Bitcoin Correction - BTC/USD predictionBitcoin hit the new all-time high of around $42 000, and at least for now, this level was rejected. Volumes are also lower, and the buyer's appetite seems to be worn-out. I hope this could be a good possibility for buyers who don't want to enter the market at this price. Other altcoins also hit the top, and they are losing. I closed 8/10 of my position at $41 400. I am keeping a small part just for the case of another bull run. If we cross $42K, I will enter the market with a pullback to this support. I am not shorting Bitcoin. I think this is not a good idea. I am heading to a new entry-level to jump in for another ride to the MOON. Here you have Bitcoin entry levels for LONG positions: $36 620 $34 780 $30 650 $28 730
COINBASE:BTCUSDShort
by SMART_MONEY_MARK
Why I think ALT season will hit in Q1 2021 !!!The blue trendline speaks for itself, we are facing strong resistance at 72.40. It is unlikely to see Bitcoin dominance above that area, but if that happens you should consider selling all of your ALTs as they will be shitcoin soon after. So the invalidation for ALT season is breaking above 72.40. BUT HOW FAR WE CAN GO DOWN WITH BTC.D ?! - The most crucial support is currently locating at 58ish, - Testing and possibly Losing that one will be the peak of ALT season, and we should expect BTC.D to retrace from the pink area. Make sure to share your ideas with me and everyone who sees this in the comment section below, and hit that like button ;)
CRYPTOCAP:BTC.DShort
by CryptoSep
My Problem with Alts - DNT as an exampleNo analysis needed. Just a random pump that lasts all of 15 or so minutes to the peak and then dump. At this point...they are, for the most part a joke from a long-term perspective. More than likely I will be setting some sell orders to grab as many ETH or BTC possible should BTC dominance shift down for a bearish phase. Not advising anyone on what to do, but...I should have been paying attention to crypto as much as I was the adult markets even a month or two ago. Feeling the burn on this right now.
D
by JJMa
2
Altcoins | Ready for Altseason?A bit late, but Happy new year to everyone! And wow, the cryptocurrency market started 2021 with a blast. Beginning with Bitcoin, which broke its ATH (All-Time High) big time and is still going strong. Then fi-na-lly alts started to regain strength since the beginning of November. But now we are actually seeing some similar movements since the Altseason in 2017. Let me try to visualize it: 2017 : Bitcoin surged up to $20K → Altseason started 2020 : Bitcoin broke ATH → Altseason? Can we see a similar bull-run in 2021? Well, as of this moment, nearly the whole cryptocurrency market is surging massively. I think the potential is really there, especially when thinking about this idea above. In addition, Bitcoin, Ethereum, and even other smaller cryptocurrencies such as VeChain Thor are still holding these insane highs. Lastly, in these awful times of the COVID-19 pandemic, people are in general spending less than usual (like travelling and going on holiday). Therefore, people are looking for other ways to do something with their money → People start to invest in stocks and cryptocurrencies (especially youngsters). But in the end, we have to see it within the coming period. What do you think? Will we see a massive bull-run, or can we expect a retrace?
CRYPTOCAP:TOTAL2Long
by djaanos
Wedge on BTC Dominance ChartThere seems to be strong resistance at the 70-75 range on the BTC.D chart. Similarly, there appears to be a long-term trendline acting as support, starting at the ETH+Alt peak in January 2018, which would meet the resistance line in late 2021. Colored trend lines running through 2021 are potential support zones. Strategy here is to sell BTC for alts when the BTC.D hits the resistance line, then convert back to BTC at the support zones. Convergence of the two macro trend lines also corresponds with the hypothetical BTC top derived from the S2F model. In theory, BTC will touch the macro resistance line for the last time at its peak then fall, breaking the support line and ending this cycle's bull run.
CRYPTOCAP:BTC.D
by MarketsAmygdala
BTC dominance at an inflection pointHello all. Hope your new year was a happy and safe one. Bitcoin sure has had a good new year. On an absolute tear as of late. I wanted to share some trends I'm seeing play out. 1. As you know triangle and wedge patterns can take a while to form and not be truly apparent until we get close to a breakout. It appears that we are seeing an ascending triangle forming on the weekly. We are at a major point right now. A breakout at the bottom over the next few weeks would put us in Alt season territory with Dom. at 60. A top breakout would delay any hope of an alt season for a while. Every aspect of Bitcoin right now is overextended. The only indicator that's not is MACD but it always lags so no surprise there. I'm also seeing major bearish divergences on Bitcoin's price. Bull markets can be irrational so who knows when it will break. When it does though it might be hard and fast and I wouldn't be surprised to see it at 20-30%. Could a retest of prev. ATH be in play? Who knows. 2. Ascending triangles are known to be continuation patterns. Although a triangle pattern can break in either direction BTC.D seems to be forming a huge bear flag. 3. RSI is overbought and at a point of historical resistance. As you can see it has never reached much higher than where it is currently 4. KDJ is forming a bearish divergence 5. On the daily chart not pictured there is a bearish divergence on RSI as well. It's also an almost exact copy of the fractal from Nov. 2017 before the violent drop in Dominance. I'm also going to link in a chart of the OTHERS.D (Alt. dominance). It's forming an ascending triangle as well but moving in the opposite direction with a breakout possibly in late 2022 early 2023. If you subscribe to the lengthened cycle camp then this lines up. Also what happens when OTHERS.D breaks out to the upside? Will we be in territory where BTC dominance won't matter anymore? I don't see Bitcoin ever losing relevance but it may lose it's dominance one day, fulfilling part of it's purpose of starting a new era of decentralization. Then when the market is mature BTC dominance won't matter as much. Only time will tell...
CRYPTOCAP:BTC.D
by devinlightart
1
BTC Dominance - An Existential Threat to Alts IIThere is a reason for this chart to look the way it does, multiple actually. Since I last charted this (I look at it daily), we were well below the trend-line. Make or break time for alts I think as a whole. BTC is king, first mover, and a lead that refuses to let up. Outperformers seem to be a temporary thing. Corporate backing - inflows are primarily into BTC - you got your corporate adoption, but it is still heavily skewed towards BTC, with a few others benefiting, mainly ETH and to a lesser degree LTC. Regulation seems to be taking a swipe at various alts December it was $XRP, now privacy coins $XMR, $ZEC, $DASH - what next? I have a feeling that the last alt season we saw in September of 2020 will be the last for a long time, if we ever see one again. Also curious what the smashing of the alts will end up doing to ETH. Last bear market saw a lot of alts selling their ETH which drove ETH prices down during the bear market.
CRYPTOCAP:BTC.D
by JJMa
BTC DOMINANCEBTC Dominance Weekly chart analysis Pure C&H pattern (rocket bullish pattern) Now btc dominance faces multiple resistances : c&h neckline resistance Horizontal resistance Trendline resistance 200 EMA dynamic resistance If btc managed to break this point Btc will rocket moon more than any one will expect Alts will bleeding more specially satoshi coins That's why in last days i share only tether coins signals I hope dominance not breakout up more In hope alts can have breath to grow 🚨 Please take care of your active trades And be ready for everything at this senstive area Good luck 🤞
CRYPTOCAP:BTC.DLong
by Babenski
7
Bitcoin Dominance and Ethereum (ALTS)Hello! I think I found some interesting data from Dominance and ETH/BTC price action. I was compering and watching for Bitcoin Dominance once again . We are right now on same levels we have seen in 4th of December 2017 and 2nd of September 2018 . Like we can see from the comparison these both times ETH/BTC has been on bottom. 31 of August 2020 there was also a beautiful correlation between these two. So if we would believe to history. When Bitcoin Dominance is at the top it is better time to buy ETH compared to BTC. We will see how Bitcoin reacts to this level. Right now there is happening small correction so I'm little late with this analysis but who cares ;D. If the BTC dip gets bought then we might brake the Dominance highs which means more bleeding to alts and bitcoin closer to 30 - 35k but if not we are going to see alts to take some market place which they do deserve cause Bitcoin technology (proof of work) is kinda old school. I guess people have heard about Bitcoin once again and are putting money in believing for big returns. Ebay and insurance companies has also brought Bitcoin to mainstream and as long as we have stimulus and money printed Bitcoins fundamentals stay strong . It's fundamentals and technology are based on stopping 3rd parties control and need of them. So far Bitcoin has been really strong and money has been flowing hard to Bitcoin but there will be a time when money moves to alts which has an idea , technology and workes who truly believes to the idea they work for. Previously I have always said be careful of this Fear and Creed Index but I guess it is kinda broken because of the new money flowing in so what ever.. Oh yeah! Also Total Market Cap is really close to the All Time High so check that out. It can also work as a small resistance, even thou I am little skeptical about it cause of this crazy bull market Check out my huge Ethereum head and shoulders analysis There is still space for the other shoulder If you do trades use stop loss or you will get your ass burned! 1st mistake new traders do is take too big risk. -Jebu
CRYPTOCAP:BTC.D
by PalenTrade
Bitcoin Dominance (BTC.D) Approaching ATHLooking at the 1W timeframe of the Bitcoin Dominance Ratio (BTC.D) is slowly re-approaching it's previous all time high. This means that right now BItcoin's market cap is about 70% of the entire crypto market cap and still rising. Since the altcoin season at the end of 2017, the Dominance ratio has been gaining and doubled from 35% to 70%. From here on the next weekly candle, BTC is going to retouch the top mkt. cap dominance at 72.04%. Another option for the Dominance is that this weekly candle (just like the move up to 72%) closes below the level and doesn't gain it as support. At the start of the altcoin season we saw the exact same candle pattern on the weekly where it 1st touch rejected off of the 70% dominance level before proceeding to fall in the following weeks. Right now, that same exact pattern could play out. We are now 3 years exactly from the previous altcoin season and have seen many coins been shaekn out as well as 10x and 100x growth on more-known altcoin projects. It's only a matter of time before the dominance crashes again for another altcoin season and i'm going to continue posting this chart giving updates until it happens. In 2017 also to take note of, Litecoin (LTC) lead the altcoin season and right now it seems to be outperforming the market by a lot after breaking out of a 2-year downtrend. History doesn't repeat itself, but it often rhymes.
Editors' picks
CRYPTOCAP:BTC.D
by kyer
94
Bitcoin Dominance Elliott wave, ABC correction going onBitcoin dominance touched 70.5% and rejected from there. On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on. The B wave is completed with a 70.5% high and now we started the C wave. 67.5% level is the next support zone for Bitcoin Dominance and after that, we see a quick fall in dominance. The upward momentum is broken on the daily chart. The next 2 weeks are very crucial and decide the move of alts. Bitcoin is also stable which gives little room to alts. Hold your bags tightly and place sell orders. Don't Hodl alts too long. Make an exit plan and place orders within range, don't except 10-20x directly. Book some profit or take back your investment at 2x and enjoy the ride. Let's hope 2021 will bring the best for us.
CRYPTOCAP:BTC.DShort
by Bitcoinik
4
All I want for Christmas is Bitcoin! 🌲🎅🏻“All I want for Christmas is Bitcoin.” That seems to be the mantra we’re hearing from the institutional investors, who’ve been knocking the doors off the crypto markets in the past weeks. As we pointed out in late September, the ‘Bitcoin Dominance’ - the index that represents the weight of Bitcoin as a percentage of the total market capitalization of all cryptocurrencies - has reversed its downtrend. The index trending up means that investors are more confident holding Bitcoin over Altcoins. The chart shows that Bitcoin Dominance broke a downtrend that has lasted longer than one year. The scenario of a Bull market for Bitcoin in parallel with a Bear market for Altcoins seems unlikely, at least in USD terms. On the other side, allocating resources to Bitcoin could leave you with better risk-adjusted returns. The global macro trends seem to point in this direction in the short-term. The paradox we see right now is that the regulatory environment appears to be getting clearer for Bitcoin, and at the same time becoming more doubtful for Altcoins. The SEC going after Ripple is a case in point. What if Ripple was just the first of many? If you hold heavy Altcoin bags, you better ask Santa to bring the Bitcoin Dominance back into the green area soon. Merry Christmas!
CRYPTOCAP:BTC.D
by Coinrule
#Bitcoin Dominance Mid-Term Analysis ( @bitcoin )Hello there ladies and gentlemen, BulloTaurus here with an important update for today . For the past months we had an amazing bull run so far! Bitcoin broke all previous resistances like there were none of them! We still didn't saw a massive volume spike on exchanges, mostly because this time we have Institutional Investors join the game that have their own private offers to buy bitcoin what doesn't always show on graphs. The dominance of #Bitcoin is also in a uptrend currently trying to break the 78.60% Fibonacci Retracement level. It followed the support line and currently its looking that we can see the right shoulder to form the Head and Shoulders pattern. I personally think we will see soon a retracement to the 50% level near 64.33 as we wee based on VPVR indicator pink line on the chart. The next move will kill most of alts and leave them red for long time. We can have a small hope to have a mini alt-season while forming the right shoulder but not for long time unfortunately. This means that Bitcoin is building a massive move to 27k or even higher. I would avoid holding alts for now, it is still too early to look into any profitable trades, although there are so many good buys at the moment. Peace. 🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌 P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
CRYPTOCAP:BTC.DLong
by BulloTaurus
IMPORTANT UPDATE on BTC.DThere are times you need to update your hypothesis and think about different scenarios , this is one of them. As previously mentioned, I was expecting BTC dominance to move in a downward megaphone, but it seems and feels like another potential scenario could be that BTC Dominance is targeting 76-77 rang at the top of an ascending wedge. This will also allow BTC dominance to close the gap at 74 Level. This might also point to a higher BTC price before alt season starts.
CRYPTOCAP:BTC.D
by Baris_Sozen