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Bitcoindominance

The Low Is In? Bitcoin Dominance Says BTC Goes Up!The BTC Dominance (BTC.D) chart is showing multiple bullish signals... Is Bitcoin about to go up? First we notice the ascending triangle, which is a bullish pattern. Prices are now trading above EMA10 while challenging EMA50 and EMA300. We have a reversal candle on the 13 March. Both the MACD and RSI are bullish and strong. All these signals are pointing up. Conditions for change If prices move and close below 64.17, the above signals become invalid. The red arrows enters play. NOTE: BTC.D moving higher not necessarily means that Bitcoin (BTCUSD) will go higher. Do you believe that Bitcoin will move lower or will it start to reverse and go up? Share in the comments section below... ----- Previous analysis (Bitcoin Bouncing Now?) : Bitcoin Drops To $3K Before $32K? New EMAs + Daily RSI Analyzed Bitcoin Weekly Update (MA200 Breaks / Bearish, Low $3ks Next?) Thanks a lot for your continued support. Namaste.
CRYPTOCAP:BTC.D
by MasterAnanda
20
Bitcoin Dominance with Bitcoin Price Area ChartBitcoin dominance uncovers three 'holds states' for our altcoin portfolios as I see it. In 'state number one', we should be holding Bitcoin in 'state number two', we should be holding altcoins and in 'state number three', we should be holding fiat or stable coin yes the unthinkable in state number three we should be out of altcoins and crypto currencies altogether. 1) state number one Bitcoin prices are going up and Bitcoin dominance is rising we should be holding Bitcoin 2) state number two Bitcoin prices are going up or they are ranging sideways and Bitcoin dominance is dropping we should be holding altcoins 3) state number three Bitcoin prices are dropping and dominance is rising we should be holding fiat or stablecoin. Crypto EMA 60/20 used on the Bitcoin Dominance Data is intended for verifying 1-2-3 top and bottom patterns on the 12 hour bars.
CRYPTOCAP:BTC.D
by DigitalCurrencyTraders
Bitcoin Dominance heading towards 60Hey guys welcome for a fresh crypto update, please like and follow to support us -------------------------------------------------------- now that's a really great news for altcoin MCap as Bitcoin dominance has fallen rapidly in past few days and we've seen enormous growth in top alts a very positive sign for 2020s altseason -------------------------------------------------------- you see the support zone coming all the way from jan 2018 has broken now and major moving averages like 200DMA, 51EMA and 21 EMA has now turned to be bearish also the key level 67% has also broken earlier this jan -------------------------------------------------------- meanwhile a short term of pullback we can see due to recent drop in Bitcoin which will cause a lil more bleed in alts but allover dominance is falling and targeting 60% level, so most likely this feb or march could be a great month for alts -------------------------------------------------------- Thanks for reading... For the most profitable premium trading services DM me or contact me through twitter or telegram -------------------------------------------------------- this is Husain Zabir, signing out Thankyou...
CRYPTOCAP:BTC.DShort
by Husain_Arkghazi
Bitcoin dominance falling day by day. Is this jus tbeggining ?Hello everyone ! Wish you all good and profitable day. Today I´m here with something to think about as one of my friends contacted me and told me: " Hey look dear Anoinvest, Bitcoin dominance RSI is really low, it should bounce and rekt alts again right ? " Well here is my answer for you. It could happend Not necessary ! If you take a look at top left screen here is the beggining of alt season in 2017 You can see how RSI hit 6 here and it didn´t initiated bounce for BTC.D at all even vice versa it accelerated the dropping and it took exactly 300 more days for Bitcoin to fully reverse the trend and fight its dominance back as people lost hope in alts. Well its 11 days since Bitcoin broke down from its rising wedge pattern and its loosing its dominance every single day Below you can see the rising wedge channel with possible EW count MA200 points down for BTC.D and up for crypto total market cap exclude BTC But thats not all ! Crypto total market cap exclude BTC did major breakout of important resistance on Weekly chart as well as MA100 & Ichimoku . From psychology state I think we are hitting Hope/Take off zone Don´t get me wrong ! Im bullish on Bitcoin long term & I really think it will hit and posibly pass 100K USD but its literally "only" 10x (1000%) from 10K where we sit at the time of writting. And I really think lot of altcoins can overpass these gains well some of them allready did 200-400% gains in past one month. Ass a BONUS: here is my "long term map" Well to summarize it. RSI indicator is relative but I think 2020/2021 will be really great years for altcoins and crypto overall. Feel free to leave a comment below the chart or ask if you are in doubts. & remember that likes are highly appriciated ^^ Cheers. ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
CRYPTOCAP:BTC.D
by Anoinvest
6
Bitcoin Dominance Rising Wedge Breaks: Initial TargetsThe Bitcoin Dominance Rising Wedge has begun to break. Ethereum and XRP are beginning to be the bigger breakouts. Given they hold larger marketshare %s versus recent breakout cryptos like ZEC and DASH, they will take more dominance away from Bitcoin . Remember, Bitcoin can continue to increase or trade sideways in price, and its dominance can still fall. All that has to happen to accomplish this is that altcoins have to outpace bitcoin (on a weighted average % based on market cap) in % gain. I have 2 initial targets drawn, after which we can revisit: Target 1: Key Fib level of 0.618 Target 2: Psychological level of 50% dominance which also happens to correspond with 0.382 Fib level
CRYPTOCAP:BTC.DShort
by CryptoBullGod
3
BTC.D: Don't Underestimate the TD Sequential 9 & 50 Week MAAs can be seen on the Daily chart using the TI Indicator, we are currently at the 50 Week MA on a Sequential 9. While the long-term 200 Week MA is sloping downwards (has a bearish posture), the 50 Week MA is rising (has a bullish posture). It's also clear from previous TD 9's, whether buy or sell signals, have been very reliable in calling short-term tops and bottoms. The RSI is also considerably oversold. I'm still bearish on Bitcoin dominance long-term, but remaining neutral as dominance is likely to find short-term support from current levels. It'd be reasonable to believe that dominance will retest the bear flag breakdown level, VPVR resistance as well as 21 Day MA around 66%, or even as high as the 200 Day MA at 69% that is now started to slope downwards confirming long-term bearish pressure. TI Indicator: tonevays.com Altcoin Dominance Eyeing Up A Breakout to 40% (January 2020) Cyrpto Market About To Bullcross: 50 & 100 Week MA (January 2020) Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:BTC.D
by dragononcrypto