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Bitcoindominance

#BTC Dominance! Fractals! Alt season is not over YET?Welcome to this quick update guys. Like my previous Dominance update I shared both the bull and the bear scenario. In this chart I would like to share with you some reasons why I think Alt season may continue for more 7 weeks. Please observe the chart with me: The Fractals, you cn see the black poly line waves have been moving like a rhyme . 50D MA: Whenever Dominance breaks below 50D MA we have seen extended rallies for altcoins. Potential Bearish Pennant in formation which generally breaks to the downside. And most importantly the altcoin Hypes isn’t over yet. There are still mainnets to be launched, rebranding to be done, testnet to be released, Big announcements to be done. So on the basis of all these technical and fundamental reason I think we can see an extended alt season is not OVER YET for the next 6 weeks. If you like this idea please hit the like button to support my work. Do not forget to follow me for more future updates on altcoins and bitcoins. STAY SAFE #Peace
CRYPTOCAP:BTC.DShort
by Cryptorphic
43
Bitcoin Dominance with TOP10/20 Altcoins | ExplainedThe Bitcoin Dominance (BTC.D) chart isn't as straight forward as it looks... It being bullish or bearish doesn't necessarily mean that Bitcoin will go either up or down... Let me explain. Most of the cryptocurrency market cap. is spread throughout the TOP10/20 cryptos, and these will determine how this chart will look. If Bitcoin remains stable while the TOP10 altcoins drop, we can see BTC.D rising while BTCUSD remains the same. There is also the scenario where you can see Bitcoin dropping but the TOP altcoins dropping faster than BTC, this would also lead BTC.D to increase. At the present time, Bitcoin Dominance is likely to drop. We have a bearish Bitcoin and many of the altcoins are starting to grow. BTC.D Chart Signals On this chart, we have mixed signals with the bears/red having the upper hand. Prices are trading below EMA50 and EMA10. The trading volume is also lower than before. The RSI is below 50 (leaning bearish) while the MACD is trading below the neutral zone. --- Bitcoin tends to move together with the TOP altcoins when it drops... But when Bitcoin is going sideways, these same altcoins instead can jump. So it is possible to see the Bitcoin Dominance dropping and the altcoins producing higher lows and more growth. Namaste.
CRYPTOCAP:BTC.DEducation
by AlanSantana
9
#BTC Dominance at decisive point. Will alt season continue?Guys first of all please hit that like button to support my work. It takes time keep you all updated with the market. Follow me for more future updates. Let's get back. to this quick update: BTC Dominance followed our previous charts correctly with a 100% accuracy, you can check it by. yourself (I'll post the links in this update). You can observe in the chart itself how the fractals have played out in the chart. Currently it is trading under a channel just like before. Not to ignore that that the current red channel is a rising wedge too which is bearish and we can also see a breakdown which will result in the continuation in this alt season. How do I know when to exit the altcoins if required? Well this is pretty simple if you can observe the chart. If this support holds within 16 june which means if any Daily candle closes in Green making a higher highs, we will exit alts (Not a financial advice). This will confirm the reversal in the trend. And If any daily candle close below the support line alts will continue to rally. I will be posting more updates on BTC altcoins stay tuned and please follow me for more future updates. Stay safe #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
24
Bitcoin Dominance In Long Distribution, Breakout Soon?!Dear readers I would like to point out that Bitcoin Dominance (BTC.D) has made both complete wave-count on relative price as on the normal price and with this long sideways distribution we should see a big move in near future. This move could send the momentum for a further trend as the dominance went sideways for a really long time and is now finally able to find the least resistance route. Primary support would be the lower trendline at 61-60%, below that 52-54% of the market capitalization. This means altcoins should regain a good amount of market share proportionally to bitcoin. One could argue that this is a bullish hindsight signal, often a bullish altcoin market cap goes along with a positive sentiment and new money flowing into the whole market cap as investors are willing to take more risk. It would make sense for the other projects that have been developing over the years to finally get a competitive ground against bitcoin as they catch up with their own unique ideas, that try to cover shortcomings of bitcoin or explore a completely new field of interest. What do you think? Could a trend to lower bitcoin dominance lead to a more bullish market? I would love to hear your opinions or theories, please like and leave a comment!
CRYPTOCAP:BTC.D
by TheTrex
3
Bitcoin Dominance: A Slow and Steady Rise 1D (Jun. 1)X Force Global Analysis: In this analysis, we explore the Bitcoin dominance chart in order to determine the probable cases of Bitcoin and altcoins that have been on a bullish rally. Analysis - Bitcoin dominance is trading within an ascending parallel channel, forming higher lows and higher highs - Within the ascending channel, we are consolidating in a smaller descending channel - This is a textbook bullish flag pattern, and it is expected that we see a potential breakout - Dominance is reaching close to the ascending trend line support and the 0.382 Fibonacci retracement support - The Relative Strength Index (RSI) is at neutral levels, having formed higher lows and higher highs as a sign of strength - The Moving Average Convergence Divergence (MACD) also shows decreasing bearish histograms, and a potentiality for a golden cross What We Believe Essentially, this indicates that capital that has flown from Bitcoin to certain promising altcoins, may flow back into bitcoin, leading altcoins to a bearish trend. A breakdown from the ascending parallel channel would negate this theory. Trade Safe.
CRYPTOCAP:BTC.D
by XForceGlobal
The Battle of Bitcoin Dominance BTC.D remains compelling as the bulls and bears battle over bitcoin maximalism vs a new epic altcoin bull run. If BTC can get ahead, it will trigger a surge of altcoin selling as the market floods bitcoin and fulfils the maximalist dream. It altcoins as a whole maintain higher % gains than BTCUSD, then BTC.D will weaken, drop back away from the current major long-term resistance level (shown white) and BTCUSD holders will look in envy as altcoins surge this summer. As of right now, we are neutral.
CRYPTOCAP:BTC.D
by Sparkster
#BTC Dominance more down ? Alts will rally again!Welcome to this quick update. BTC dominance got the support on 50D MA and retested the mid line of the channel. With strong resistance the mid line didn't break yet. I am expecting THE CURRENT DAILY CANDLE to close negatively within the daily close. If it does alts will be green within tomorrow as it will confirm the rejection. I have posted some alts in my telegram channel like BEAM DREP ALGO WABI STX BAND GRS ZIL and many more which will be a very good hold for the month of JUNE. My previous 20 altcoin setups have played amazingly, like DREP 15 sats to 57 sats : 280% THETA: 1100 sats to 6400 sats : 480% RVN, MATIC, CELR OVER 100%.. and many more. Trading all of these signals perfectly. Reason is following DOMINANCE for which I always keep you updated and getting into the right alts at the right time. Stay tuned I'll keep this idea updated as always. Thanks for reading, please hit the like button if you like this update. #Stay safe #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
11
Bitcoin Dominance Losing Steam, Again? Bitcoin Dominance made a strong recovery in recent weeks, up to it's key resistance trendline. The weekly chart shows BTC is making a test of that trendline to squash alt coins back into a little corner of the crypto pie. But on the daily and 12 hour charts it appears the alts are fighting for a strong comeback. IF this week ends with bitcoin losing about 2.5% market dominance, THEN we may see it's test of the trendline rejected and the start of a major new bull run for the alts.
CRYPTOCAP:BTC.D
by Sparkster
Beware!!! Alteason comming here!!!Hello and good evening in this episode!!! Well, I have an interesting informatio nto still see it. Because some altcoins it's could be a nice movement to earn satoshis or bitcoins!!! Yes!!!! Waoh!!! Now, in this technical analysis, specially in Daily timeframe we have an armonic pattern BAT bearish. So, the proyection it's can be to drop approximmately between 2% or 3%, in some case if the Bitcoin dominance drop more of 3% arrive at 64% and incluse 60%, we can see a altcoin movement a lot to earn a lot satoshis and money!!! So this is my proyection about it!!! Now, I want to share you anything. This is the dominance comportament and also, we can see a short movement of this dominance!!! In monthly, this is a timeframe favorite, look down what this mean? IN MACD is overbuy and this is a good signal that altseaso is comming soon if this grant drop is favorable for the altcoins. Also, the RSI is started below and make a higher low and lower low if you apply the momentum structure. My altcoins preferes is Ethereum, Bitcoin Cash, Ripple and other coins like Litecoin, and other to buy and hope the upper against with Bitcoin
CRYPTOCAP:BTC.D
by harisonhbn9718