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Bitcoindominance

Double bottom 'W' shape ? Since altcoins fail to recover, we see bitcoin dominance in a strong recovery. Investors taking their profit either to USD or Bitcoin. Where we will see a strong bounce to the upside, if it breaks the neckline. This doesn't mean necessarily that the price will follow. But it shows that investors trust might jump back to Bitcoin. Since altcoins having a hard time at the moment. Am still neutral in this perspective, because stock markets are still in a big uncertainty. Crypto markets tend to follow it. But Bitcoin has found strong support arround these price area's.
CRYPTOCAP:BTC.D
by kubilaydereli32
Bitcoin Dominance (BTC.D) - Sept. 18thZooming out a bit here on the dominance chart looking at the 3-day timeframe, you can’t really grasp the entirety of the Bitcoin Dominance chart if you’re looking at the 1-hour timeframe. Ok in the past i’ve done multiple breakdowns before with this same chart and timeframe, but I enjoy updating this chart every month or so for you guys and me to look at. After the altcoin season in 2017, the BTC dominance ratio dropped to a record low of 35.75% and I drew a line of support there as well as an uptrend connecting from the swing low of that move to the next swing low. Finally two years later since i’ve had this line drawn out and the ratio peaked at around 72%, the 3rd point confirming the uptrend finally came into play and touched the top of the trend. These next few weeks are going to tell us now if we’re having an altcoin season this year or just being teased again. Are we going to see Bitcoin dominance spike back up and see a new inflow of money into BTC instead of an altcoin season? kinda unlikely now, as the general trend on the 2-Day is bearish. Bearish as in decreasing % dominance, not Bitcoin going down. I believe that BTC will still rise in price but these altcoins more specifically DeFi projects such as the new UNI token that just dropped on exchanges yesterday proves the hype into these new projects. The DeFi craze is definitely real right now. This trend line that is currently teasing us should break and could see another 2017 altcoin season here pretty soon. The hype of the 2017 altcoin season is definitely here with exchanges like Binance & BitMEX putting out record numbers of users per month.
CRYPTOCAP:BTC.D
by kyer
9
2 Reasons Why ETH Is Bearish Compared To BTC Short-TermIn this ETHBTC chart we see 2 contributing factors: A horizontal level at 0.04 which price touched a few weeks ago. That level is confirmed resistance. There is a clear trading channel since the covid crash low which began the uptrend, which ETH has reached the top of in the past month and failed to break through. This suggests ETH will drop short-term against BTC. Also suggested by ETHUSD (bearish daily) and BTCUSD charts (bullish daily). MaCD on the ETHBTC Weekly is also pushing down. ETHBTC shows a 13% potential drop to the next level of support. Whether you are manually trading or making use of algo-assisted signals, learning to observe higher time-frames and comparative charts like BTC.D (bitcoin dominance) and ETHBTC provides very useful insight. Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Short
by Sparkster
1
Long Wicks Point To Collapse Of Bitcoin Compared To AltcoinsThe 5-day candle shown from 25th May has a long upper wick showing exhaustion of bullish sentiment, which preceded an 8% drop until now. Today we can see the same type of long upper wick forming on the current 5-day candle, which happens to be directly below the 5-day Ichimoku Cloud (a bearish situation). Despite current market volatility and a consolidation range, it appears the overall altcoin market is ready to make significant advances against bitcoin itself. The outlook for bitcoin is short. The outlook for altcoins is long. Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
CRYPTOCAP:BTC.DShort
by Sparkster
2
The Crypto Cycle: What Whales Don't Want You to Know (Jul.30)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we dissect the cryptocurrency cycle. Understanding where capital flows will help traders capitalize on every opportunity they spot. In our previous analysis, we have explained the relationship between Bitcoin and Bitcoin dominance, in order to explain the idea of relative market capitalization and capital flow. We dissect this further into classifying altcoins by the size of their market cap. The examples of altcoins stated above are merely for reference purposes, and are not financial advice. Analysis - Starting with Fiat (or Tether), money flows into Bitcoin. - As Bitcoin rallies on its own, it marks the beginning of a small cycle. - Whales drive the fiat value of Bitcoin up to a certain level, where Bitcoin then rallies sideways while Bitcoin dominance starts dropping - This signals the inflow of capital from Bitcoin to Large Cap Altcoins - The goal of whales driving this cycle is to accumulate as much satoshi profits as possible. - In other words, it's important that they accumulate more Bitcoin as the end goal, by driving Altcoin prices up, relative to Bitcoin - Once the Large Cap Altcoins rally to a certain point, capital flows again down to Mid Cap Altcoins - The same process is repeated until every last satoshi is squeezed out of the Small Cap Alts, which can easily drive tenfold gains within days. - All satoshi profits generated from this cycle is then converted back to fiat or kept in Bitcoin, depending on market conditions. What We Believe Understanding where money flows within the cryptocurrency ecosystem is an absolute necessity. It's important that traders understand not only the market cycle but also how whales think, in order to capitalize on every opportunity they have. Let us know what you think in the comment section below Trade Safe.
BITSTAMP:BTCUSDLong
by XForceGlobal
12