Is BTC dominance losing power?Patern (Southern Evening Cross)
after such a pattern, a drop is observed.
Bitcoin domination 574 days growing
When the correction comes, it will be possible to look closely at the purchase of altcoins
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Bitcoindominance
BTC Crypto Market Cap Dominance - Decline in sightBTC dominance appears to be within a Bearish Pennant...
This is my current count here...
Also within a Rising Wedge...
5Day Bearish Divergence with Declining Volume at the top of the trend line...
I expect BTC to decline in dominance within the Crypto Market cap within weeks if not days.
Bitcoin Dominance SUPPORT LEVELS to watchBTC.D is likely to return to the mean after testing the upper trendline of the ascending channel. it could take time, but I'd expect the main downside corrective wave to start in November. It could last approximately 2 months after which the btc dominance would continue to rise.
HOW TO READ THE BTC DOMINANCE CHART AND WHY YOU SHOULD USE IT!So, the title is obvious. Why should you be using this chart. Well unless you want to keep your Bitcoin, pin your ears back.
When BTC dominance is going up and keeps going up it means only one thing. Bitcoin is moving faster than alt-coins meaning your alt holdings are bleeding BTC at a heavy rate.
Too many people think they are winning in this industry because USD is up... When in actual fact they have lost a couple of BTC without noticing.
So take note of the dominance chart. Set an alert within a trend. If it is going down, look at altcoins to trade. If it is going up hold Bitcoin.
Bitcoin Dominance Respects Elliott Waves - Small pullback comingSo clear of a pattern here using Elliott waves. We're looking for a pullback to around 63-65% dominance and then a 5th wave up to around 71% or more given if we overextend or not. That bearish divergence on the 3 Day confirms a pullback now. What does this mean? We could see Bitcoin correct more giving more room for Alt coins to take some of that overall market liquidity and run with it for a bit. Might see Litecoin and Ethereum really make some nice jumps up. Hope you guys found this useful, best of luck out there. Please consider giving me a follow, it would be much appreciated.
Buy Altcoins here at 73.87%as i have discussed before i'm doing a elliott wave analysis on bitcoin dominance.
right now actually bitcoin dominance is really high. according to my analysis we are in wave 5 of primary degree and actually in the last stages of this move. now we are forming a forth wave and because of that altcoin markets are in a big confusion. i suggest you to buy some altcoins right now and buy more if/when dominance hits 73.87% of all crypto market.
i suggest to buy a basket of altcoins rather than one altcoin. i would buy top 20 alts not low cap ones.
have fun
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Bitcoin Dominance BullishOn the daily chart we can see there was some previous resistance at 68-69 on the daily chart. Well it looks like on the lower timeframes at the green arrow, this level has broken as resistance and potentially is now acting as support. This is typically very bullish meaning there is potential of a move to at least 76 or even 80. Imagine what this will do to alts. I have warned everyone since April. PLEASE BE CAREFUL if you are playing in alts and keep a close eye on this chart, I cannot stress this enough. If dominance moves to these levels many alts could be destroyed.
Altcoin Season might be knocking on the door!! - Elliot Wave BTCElliot Wave Analysis applied to BTC Market Cap Dominance.
Waves I and II have been completed. In my count Wave III has not completed its 5th leg up yet. If we get to the 1.618 fib extension of Wave I to II and market dominance level gets rejected at this point, we will probably enter Wave IV, which could lead all the way down to the green trendline. Playtime for the SHITCOIN bagholders!!!
Altseason is coming ? Dominance Analysis by Rocket-ProThe dominance of Bitcoin has been increasing in recent weeks and is now approaching a major resistance. Indeed, this level corresponds to the high point reached at the end of 2017.
Does this mean that the Alts season will start? Not necessarily!
Indeed, in addition to this horizontal level, we can see that the dominance of Bitcoin also evolves in a ascending channel configuration. It is therefore not impossible that the upper boundary of this channel may be reached.
Anyway, we are in front of an extremely important area and we will have to observe this very, very closely in the coming weeks!
Stay tune and join us on t.me/RocketProFFA for more information and trade !
Fibonacci Circle on BTC Dominance Update Fibonacci Circle for myself is a prediction tool for an upcoming impulse movement based on how the previous price action's behavior toward each fibonacci line which could represent a probability for futures outcome impulse movement.
let see if this thing works as i curious to find out how the percentage following this chart
any tips for fibonacci circle is welcomed.
- Yellow strip line : one of the highest peak of bitcoin dominance on 2017
peace.
Bitcoin Dominance Chart Where We'll Go Next (BTC/DOMINANCE)Hello Everyone,
Ye Bitcoin dominance ka chart hai hai parallel channel aapko dikhayi dega jo ki uptrend me hai kafi time se and resistance line ko strongly break bhi kiya tha but 12 hour chart me agar aap dekhe to reversal candle aapko dikhayi degi,
It means correction aane wali hai Btc dominance chart me and agar aap RSI indicator use karenge to hame yaha par bearish divergence bhi show hoga jo indication de raha hai Btc dominance decrease hone ka,
Agar yaha se price decrease hota hai to jaldi hi hum Altcoins ke price me ek achha move dekhenge so wait and watch.
Our success previous analysis:
Bitcoin dominance elliott wave analysisAs you can see in bitcoin dominance chart we are in a potential wave five.
Proof:
-Wave 2 corrects major area of wave one but it didn't break it's low.
-Wave 3 is longer than wave one so it cant be the smallest wave then if wave 5 wants to be larger than wave 3 this interpretation is still a valid one.
-wave 4 corrects pretty much exactly to fib 38.2 percent level which is a fib confirmation
-wave 2 is a sharp correction and wave 4 is a complex and side way correction which is a characteristic of impulse wave
I did a fib extension from beginning of wave 1 to end of wave 3 and i started it from end of wave 4, we are in the exact level of golden ratio if dominance surpasses this level we should see more decline on altcoins and it can easily go up to 100 percent of extension.
I'm looking forward to a big correction in dominance and it means altcoins are coming back.