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Bitcoindominance

BTC Dominance; struggle to survive in long-termBTC dominance rejected from a key zone. Continuation signs of this bearish trend in price action promise some deep targets. Could be very interesting for the Alts market. But beside that, this is a big deal for the future of cryptos. It’s like other big and revolutionary technological progress that we had in the past. For instance, compare market share of Nokia now and past decades. When you see some progress and inventions in short-terms, that means in long-term there would be important changes in businesses and those who are dominant in them. And changes in crypto business are very fast and significant. I’ll post my own price action algorithmic analysis of this chart in the updates soon. That’s among the best predictor of the future moves I’ve ever seen.
CRYPTOCAP:BTC.DShort
by DarkWaveHunter
5
#BTC Dominance breaks! Altseason continues until this happens!Welcome to this quick update. Thanks for the unmatchable support you've shown so far. Keep supporting if you find my work deserving. 1. Dominance broke down an important support level which held for the last 122 days. 2. As per fractals it should fall for approximately -5.88 % to the lower green support level from here which will result in anther alt rally for the next 4 to 6 weeks. INVALIDATION POINT: 1. If it breaks above the 50D MA (Red line) and closes above it. 2. A positive daily close above the support line (Red Line). This breakdown will result in 200 to 300% profit in the next 4 to 6 weeks in many altcoins. Follow me to know the TOP 10 altcoins to trade this season. THE BEST THING ABOUT TRADINGVIEW IS YOUR CHARTS DOES THE TALKING, So go through my previous altcoin updates to know about my accuracy. If you find it deserving please like and shoot a follow for more future updates. Thanks for reading Stay safe #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
47
Material Decline Bitcoin Dominance Suggests “Alt Season”Happy Wednesday. Sometimes it’s good to take a few days away from things for a minute. I hope everyone in Canada and the US had a good summer holiday season. Thankfully, Rocky Mountain National Park is close by. The recent moves by Bitcoin and the failure to fully exhaust cause on moves in either direction (accumulative or distributive) has been confusing to watch as of late, so I decided to take a step back and get a more macro look at the market to get a sense of the bigger picture and refine my investing/trading thesis a bit. Declining Bitcoin Dominance Bitcoin Dominance as a percent of Total Market Capitalization has declined from a high of 72.79 percent as of September 5, 2019 to 65.43 percent as of July 5, 2020. Yet since May 7, 2020, Bitcoin Dominance has shed 3.49 percent from 69.82 percent as of May 7, 2020 to 65.43 percent as of July 5, 2020. The declining Bitcoin Dominance and recent market activity would suggest “Altcoin Season” is currently in play. During the ICO heyday on 2017, Bitcoin Dominance fell from 95.79 percent on January 1, 2017 to a low of 36.62 percent on January 13, 2018 – just over one full year. The current trend suggests “Altcoin Season” started September 2019 and, if the prior trend is any indicator, should peak around September 2020, and Bitcoin Dominance should appreciate. Declining Total Cryptocurrency Market Capitalization The Total Market Capitalization for the entirety of the crypto marketplace (as calculated by Tradingview) has steadily declined 42.94 percent from a high of $459.12 Billion as of February 18, 2018, to $261.959 Billion as of July 5, 2020. Yet since April 2020, volume across the marketplace has exploded to new all-time highs. Within just the past 38 days, total Market Capitalization for the entirety of the crypto marketplace has declined 6.8 percent from a $280.392 Billion on June 1, 2020 to $261.959 Billion as of July 5, 2020 and volume has steadily pulled back from the recent record highs, before Market Capitalization started to revert back to the downward trend line. Since January 1, 2018, the crypto marketplace had approximately 1,588 Initial Coin Offerings (ICOs) which have either completed or are currently underway according to ICOdata.io and ICOmarks. This is effectively flooding the crypto marketplace with: material quantities of pre-mined tokens from these new ICOs, material quantities of new tokens from ongoing mining activity associated with new blockchain projects, and material quantities of new tokens from ongoing mining activity associated with existing blockchain projects (including Bitcoin). Logically, one would expect Market Capitalization to increase if the volume spike came from fresh sources of capital entering the cryptocurrency marketplace to purchase utility tokens and digital currencies. More fiat entering the market (materially higher than is exiting), chasing the circulating supply of tokens should translate into Higher perceived value/higher prices, and by extension, higher Market Capitalization values. However, the long-term trend since September 2019 does not reflect this conclusion. Moreover, the Average Transaction Ratio (14 Day) shows Market Capitalization volatility has declined from $66.762 Billion as of February 18, 2018 to $10.096 Billion as of July 5, 2020, and within the past 35 days, from $16.77 Billion to $10.096 Billion. It seems to suggest market volatility is trending downward at a fairly sharp rate, and average transaction value is dropping as well. The 30 Day Average Estimated Transaction Value in USD (All Time) on Blockchain.com appears to confirm this hypothesis, showing transaction value peaked in 2018 at $3.855 Billion January 7, 2018, and has been compressing as it oscillates between a network high of $1.72 Billion and a network low of $897.85 Million. Summary/My Trade Plan The trend with Bitcoin Dominance suggests at a macro level the Market Capitalization is flowing away from Bitcoin into Altcoins at an accelerating rate towards a peak. It appears that “Altcoin Season” peak should hit somewhere in September of the current year, so trading bias should shift towards Altcoins and away from Bitcoin and Ethereum. The current trend with Total Market Capitalization is something of noteworthy concern. I will be watching this trend quite closely to see if a material break above the trendline occurs, which would suggest inflow of fresh capital in the marketplace, which should cause both price and Market Capitalization increase. Declining Market Cap and declining Bitcoin Dominance seem to suggest a bearish bias should exist for Bitcoin over the near term (at a macro level) – possibly through the summer (September 2020). Should Market Capitalization materially break above the current trendline, it would suggest a bullish bias towards both Bitcoin and Ethereum, as both are the primary gateways for capital to enter the marketplace. Should Market Capitalization continue to decline along or beneath the established trendline, I would anticipate market cap to flee away from Altcoins and consolidate within Bitcoin and Ethereum or flee from the market. Always remember this is not trading advice. Outside of that, Happy Trading.
CRYPTOCAP:BTC.D
by FOFAgent1
Bitcoin Dominance Bottoms Out ! Turnaround 4hr ? #btc #bitcoin Bitcoin dominance has absolutely bottomed out on the 4hr chart and looks to be doing same on 1 day chart too . Surely the turnaround will happen soon - and we'll see Bitcoin dominance and Btc price start to rise - perhaps through towards August . As you can see we hit a TD Sequential 9 in red and there's hard divergence down with all MAs pointing down as well. Rsi is bottomong out at 6 ! This is gonna turn soon in my opinion and head back up . I wouldn't be surprised if people are coming out of their alt postions soon ( or already . )
CRYPTOCAP:BTC.D
by shimmeringpath
Altcoins just entered Moon Phase 2.0We're already in a risk on window and just confirmed bearish market structure AGAIN! Last time this happened was Feb. 2nd 2020, right before altcoins pumped into our spring rally. Using the Bitcoin dominance chart as a guide for when to take risks on alts (risk on) and when to protect your sats (risk off) allows a trader to maximize opportunity and minimize risk when stacking sats via trading. BTC dominance climbed steadily through the 2018-2019 bear market as altcoins washed out across the board and left holders heavily underwater. As ETHBTC emerges from its current consolidation and Bitcoin continues to range. Expect to see altcoins perform very well vs. Bitcoin. Watching this chart for signs of bullish divergence and/or bullish market structure will give a trader an idea of when this "risk on" trend is drawing to a close and allow them to hold onto the BTC gains they made during the altcoin rally, instead of giving it all back in hopes of catching another wave. Even when trading alts vs. BTC in this risk on window. We never take more than 5% risk on any trade and because we know that altcoins are correlated, we understand the implications of taking multiple 1-2% risk positions, in the event that BTC volatility picks up (which seems more likely with each passing week). Stacking up that risk can have catastrophic effects on a trade account, so we always proceed from a "manage risk first" perspective. With that said. There are a ton of juicy looking altcoin charts out there and we'll be publishing some of the charts that were discussed on "Hxro Labs LIVE" this morning. Always play from a position of strength!
CRYPTOCAP:BTC.D
by Randomtask555
2
XRP/BTC early signs of a Reversal on the 4H! Daily not so sure!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). XRP has been making lower lows for an extended period of time. It tried to break the cloud on the 4H a couple of times before ( purple squares ) but got rejected. Third time is a charm I guess since now it did manage to break through the cloud and R1 on the 4Hour chart. This could be an early indication of a trend reversal, but we have to be careful since the Daily chart is telling a different story. It has only broken the Tenkan ( yellow line ) up and is still trading under the Kijun ( Dark Blue line ), the only indication we have for a possible reversal on the Daily chart is that it bounced off the S1.
Long
by VrotteOtter
3
Altseason Near: What cryptoinvestor doesn't tell youHello guys, in this technical analysis and it's for education ideas, I will want to make there in monthly and weekly if you're a cryptoinvestor, Ethereum Fan, Ripple Fan or whatever. So, today when I was looking for crypto youtubers as channel The Moon, Crypto Zombie, Chico Crypto, etc... They mentioned that Altseason is so near in our invisible eyes. Guys, let's me see that it's a great opportunity to invest in cryptocurrencies. Now, in weekly we are in the bearish channel, and that is a clear distribution zone that many investor are buying altcoin except Bitcoin to buy altcoin. Now, these are an indicator that you're favorite altcoin it's can be to multiply 5x, 10x, 50x, 100x or include 1000x, and why we don't imagine that you're altcoin is multiply until 10,000x. Well, that is my thing, but, look, this is a great opportunity for altseason. You can make this: Make trading with your any altcoin in mind and trade in long, always and when using the price action and operate for Daily or Weekly for mid-term and long-term, but altseason is so near of our invisible eyes, guys, it's the moment to invest, because I'm a Bitcoin investor and some altcoin investor when I pass my all Bitcoin to altcoins. Also, we found out a ABCD bearish pattern, and that mean that there are a possible drop of 50% of crash of the Bitcoin Dominance until the half the the ABCD and could reach a Bitcoin Dominance to 52%, today the dominance is 65%, guys, I believe that it's a good moment to leaved Bitcoin and pass Bitcoin to altcoins, that can to multiply your income. So, my friend that is all for you Now, I have my list of my favorite altcoins and I want to share you: 1. Ethereum 2. Ripple 3. Bitcoin Cash 4. Bitcoin SV 5. Litecoin 6. Cardano 7. Crypto.com Coin 8. Texos 9. Chainlink 10. Dash That is my favorite altcoins, but also, I reccomend to take this list that support you,if you have another altcoin that doesn't are in the list and you consider a good investment, well, is your election. But, my favorite altcoin that I can to multiply for lot is Crypto.com Coin, why there. Because Crypto.com Coin is a crypto-altcoins of Crypto.com of all service of transfer money, and also that most that distinguish this crypto is to make staking of crypto.com and why, people are selected this currency to earn money with staking to fix and protect the Blockchain and network of this cryptocurrency, and that crypto it's one of that growup of user numbers, and coinarket cap put a list that this cryptocurrency has in the top 11, that mean a grant future for this currency. Also, this is not only my favorite altcoin, Cardano and Chainlink is one of my favorites that follow, and that currency are undervalued that imagine a Cardano to multiply for 10,000x, I imagine that, Cardano is also one of the best currency to invest. One of my strategies is when I make trading, I will going to leave 10% of my wallet of trading to invest in cyptocurrency for the time. Also, I interesting to make a technical analysis soon as episode that you can't to missing it, because it's important to know crytpto proyects and writing what is about each crypto proyect that I interesting to know.
CRYPTOCAP:BTC.DEducation
by harisonhbn9718
7
TOMO/BTC Looking bullish on the 4H! Ichimoku Analysis.If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). TOMO has been consolidating since the last move up, yesterday some bullish continuation signs popped up and with volatility going down it could make a bigger move soon. In the two red circles, you can see the Lagging span (Purple line) bounced of the Kijun (Dark Blue Line) and the Tenkan (Yellow line) as well and is trading above the Kijun now. These are very bullish signs and with the Lagging span trading above prices and Kijun the only resistance left is the historical resistance. Just below the Kijun you have the additional support of the cloud SSB and the Pivot. The most important thing to keep in mind if you want to trade this setup would be the historical resistance marked on the chart which also aligns with R1 and if price pushed up you should look and see how it reacts to that level. It could be a place to take profit if you want to play it safe. And when you place your stop it should be at least under the cloud but if you look at the previous wicks it would be wise to leave enough room and adjust your position size accordingly.
TLong
by VrotteOtter
Bitcoin Dominance Quarterly ReviewUsing a Heiken Ashi chart type we can see a typical topping out pattern for BTC dominance. This suggests a decline in dominance ready to begin, although playing devil's advocate perhaps it's just a consolidation pattern against the downtrend waiting to be broken to the upside. SparksterSignals team is betting on the altcoin market continuing to perform admirably over the course of the summer and beyond so we do expect money to flood into the altcoins as innovative projects gain partnerships outside of the crypto industry and utility builds towards the digital economy. That is to say, we think bitcoin dominance will head down over the next few months. Check out the short-term moving averages (light yellow and blue) which has just crossed over to the downside. We also see the monthly Heiken Ashi candle as of today, 1st July, is painting red.
CRYPTOCAP:BTC.DShort
by Sparkster
2
BTC Dominance, Weekend volatility!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BTC Dominance has broken down out the channel it played for the last couple of months as discussed in the previous two linked ideas I published on the subject. On the Daily chart it is still holding on S1 as support but in yesterday's weekend volatility it did go and retest the bottom of the channel but got rejected. It's still unclear how it will move from here and weekend movements are never reliable. The Kumo cloud is still pointing to more downside, but we have to see how it plays out if it breaks down S1 or breaks through the resistance of the channel back up. It will affect a lot of ALT pair trades, and I am sure a lot of ALT/BTC trades got stop lossed out in yesterday's choppiness. It shows us again how unpredictable the weekend can be and how important it is to pay attention to the dominance chart.
CRYPTOCAP:BTC.DShort
by VrotteOtter
9
BAT/BTC 4H Ichimoku analysis. Be careful trading this!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BAT has just completed a full Elliot Wave pattern on the 4H, this in general means the end of a move (5 point wave), and as it's very far from the cloud it does seem quite overbought, this is confirmed by the RSI. Usually, this means it's time for a consolidation phase or reversal at least for the short term. I did miss the move on BAT which happens, you can never catch all opportunities in a market, but people asked me to have a look at it so I thought it would be good to post this as it is at a reflection point. Chasing is always a dangerous move, it just broke the 300EMA which is quite bullish, although other things point to it needing a breather. So if you wanna trade this be very careful and wait for confirmation of continuation!
by VrotteOtter
1
🤔 Bitcoin Dominance... Interesting. (BTC.D)💰 LET'S GET INTO SOME BITCOIN DOMINANCE ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🤷‍♂️ Neutral - 3day Chart - Red Candle - 3/3 EMA DOTS Red We are red across the board on bitcoin dominance but I will tell you why I'm in a neutral standpoint as of now. Currently we reside on a multilevel support as this is the 3rd test for upward support. That is a good sign if we can close green off support to push btc dominance back up. The ultimate test will be the squeeze to enter a breakout phase in the contraction point where the green arrow is represented. A break below support would be extremely bearish on btc dominance and a break above would be bullish on btc dominance. We do not have any green confirmation yet on the ema dots or the Crossover strategy but notice on the bottom that we do sit in a historical level of oversold territory. This kind of gives me mixed emotions on where altcoins go next as we continue to sit in the range. Remember we look to buy when everything confirms green then followed by a breakout for a very strong confirmation. A break below will be good for alts. Will be interesting to see how the dominance of bitcoin plays out. This post is in reference for alt season. Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
CRYPTOCAP:BTC.D
by UnknownUnicorn2319099
1
VET/BTC Can Vechain keep it up and break through?If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). Vechain has been on a wild ride in recent times and completed the first 4 parts of the Elliot wave. It's now-retracted and consolidating in a bullish flag/symmetrical triangle pattern. The Tenkan (Yellow Line) is above the Kijun (Dark Blue line) and the price is holding above the Kumo Cloud. The main thing to look for is if it can break the historical resistance marked with the dotted line, on a breakout of the triangle. The probability whit this pattern is in favor of a bullish breakout but a strong horizontal resistance is always a level to take into account. If it breaks that resistance it should give it a good boost and then the upside could be very positive.
Long
by VrotteOtter
3
BCH/BTC 1D/4H multi timeframe Ichimoku and Bullish Divergence!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BCH has been on a bearish trend lately. Now after testing S1 4 times ( circles ) it does seem like it found a bottom. And during those 4 bounces of the S1 the RSI has shown a stronger divergence on each test ( Purple rectangle ). It's still under the cloud and under the Kijun ( Dark Blue line ) on the Daily but is testing the Tenkan ( Yellow Line ). On the 4H the Tenkan crossed over the Kijun which points to some bullish momentum coming. The timing could be difficult but it does seem likely it will try to go up a bit and with the cloud and Kijun on the Daily being a strong resistance there are a couple of plays. If you wait for a break of the Kijun on the Daily you would have better odds and take profits on the first test of the bottom of the cloud as it should give resistance at least on a first test, but if it breaks through the cloud the upside potential is 100%.
Long
by VrotteOtter
2
BTC Dominance breaking to the downside? Alt Season confirmed?If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). As I said in my previous linked analysis of BTC Dominance it was trading at the bottom of the channel for an extended period and could go either way, but now it broke through the bottom of the channel and retested it as resistance once. If it can't break through again and retest the bottom as support. It should continue down and most ALTS will pump in comparison to BTC. So this could mean we have an ALT Season on the horizon. Summary: It's under the Bottom trendline of the channel, retested the bottom as resistance, under the Pivot, under the Kumo Cloud and the Tenkan ( Yellow Line ) dipped under the Kijun ( Dark Blue line ) which are all bearish signs.
CRYPTOCAP:BTC.DShort
by VrotteOtter
5