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Bitcoindominance

Bitcoin Dominance BTC.D - Bearish Head and Shoulders This is extremely bad for altcoins, this Head and Shoulders pattern is powerful. Also, the major trendline to the downside is broken. Big move is coming and it will be nasty. You can short altcoins on Binance Futures / Bitmex or move your Crypto to USDT temporarily - only for traders. The monthly chart is still bullish for altcoins. Please, hit the like button and follow me for more of these ideas! Also, check my signature down below ↓
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
4
Bitcoin Dominance (BTC.D) - October 5thBitcoin Dominance gapped down through a 3-year uptrend from 62% to just under 60%, sitting at 59.34% at the moment. This is a good indicator for altcoins going into this next week and even month, that it will be a good month for altcoins in the respect that select ones should out perform Bitcoin very well, such as a handful of the DeFi projects we've seen throughout the summer. I expect the price of Bitcoin to continuously be rising, but altcoins that have an actual use case should do even better.
CRYPTOCAP:BTC.D
by kyer
2
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