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Bitcoindominance

Ethereum even more bullish than bitcoin!!Hey there, So Ethereum has really shown strength in the last few days, especially in this current consolidation. ETH has gained more than BTC in price lately and with the current bearish position of the Bitcoin Dominance chart, we could see ETH gain momentum over BTC. Take a close look at the factors desplayed on the chart and the text besides the arrows. Many signs are signaling bullish entries for the intermidiate term future, although I won't give you any specific instructions on what to do. Ethereum retested its 200D EMA perfectly and that is where I also got filled. I am currently look for ETH break its latest high, to then see follow through to ~224USD where next resistance is likely. We also are currently sitting at key resistance, so if it is broken bullishly and with a close of candle, long orders can be set around that level for retest in the near future (similar to 200D retest). RSI is showing a ascending triangle on the daily chart which also signals bullishness. TI Indicator is sitting at a green 1 with a 9 sell the day befor. Since the 9 sell didn't see follow through to the downside, I am looking for a green 2 above a green 1 to give confirmation for a long entry into resistance. All in all looking rather bullish, with plently of room to the upside and very less resistance up above. Check out my YouTube channel: Enlightened Trading if you want some closer information and regular updates on crypto and the stock market. Also follow me on Tradingview if you don't want to miss out on trades like the retest of the 200D EMA. Follow me on instagram: @enlightened_trading_ Cheers, Konrad
COINBASE:ETHUSDLong
by EnlightenedTrading
Dominance Bounce PossibleWe need to wait for a little more market structure to manifest itself before we make a decision from here where to go. Will the RSI cool off long enough to take us lower or will we have a meaningful bounce from here. The daily has broken down to lower lows on the RSI which indicates that was still have a high probability of going lower from here and creating another daily bear flag much like we did last month. I expect alot of congestion at these levels but once we break the 535 on the daily we can enjoy our altseason and bull-market. For now we will watch it bounce on the hourly and see what kind of market structure we have so we can have a bias from here. God Speed, Mr. Lucifer
CRYPTOCAP:BTC.D
by MrLucifer7
3
Bitcoin dominance could drop below 64% before a rise to 80%Bitcoin dominance is trading inside the uptrend channel. Uptrend channel support is at 63.5%, and channel resistance is at just above 80%. BTC.D could drop further and test support at 63.5% in the next few days. If BTC.D manages to bounce from 63.5% then it could rise for the next few months, and it could reach above 80% which is also top of this uptrend channel. 63.5 should act as key support for BTC.D, losing this support will push this index down below 55% - and that could bring a bull season for altcoins/BTC pairs. But Remeber, If BTC.D manages to hold 63.5% as support and bounce from this level then - it will sweep away many altcoin/BTC pairs, and they will make new all-time lows.
CRYPTOCAP:BTC.D
by HiteshMalviya
BTC.D | Altcoin Season Anyday NowJust like 2017, the altcoin season won't come slowly, it'll be a sudden rush and inflow of money. We all know that we've topped out at 73% in the fall last year, and now we're just coasting below the big resistance level at 70% dominance. There is no more support until we get an alt season, please take a look at how crazy those candles look in the past week, it's almost as if they're trying to hold this coasting for as long as possible. Every single altcoin has bottomed out or has started going up in price of Bitcoin, as we've seen multiple multiple coins doing 30%+ in the span of 24 hours. Please let me know your thoughts and if you'd like to chat with me, check out the telegram links below. As always please do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.D
by kyer
5
(BTC.D) Altcoin Dominance Eyeing Up A Breakout to 40%With altcoin dominance closing back above the rising 200 Week MA last week, confirming Bitcoin's long-term weakness in market dominance, "ALT.D" (1-BTC.D+99) has again held the 30% support a second time and is looking for a breakout above 33.75% with a target to 40%. This would additionally be a TD Sequential trade on the Weekly chart with a Green 2 going above a Green 1, with oscillators (RSI, CMF and MACD) pointing to further upside. There will likely be some resistance and profit taking around the 50 Week MA around 35%, half way to the target, but I don't expect it to hold for long if volume continues to rise. The momentum would likely be too strong preceeding the confirmed trend change. Reward/risk: 2.1 Entry: 33.76% - TD buy signal and and new swing high since July 2019 Target: 40.7% - Previous support level as resistance and 100 Week MA confluence Stop Loss: 30.50% - Breakdown below the open of the 1 candle, 21 Week MA and into support range = bearish To me, this is a perfect trade. Previous altcoin dominance TA: Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:BTC.DLong
by dragononcrypto
Bitcoin Dominance TA Update (Altcoin Season?)Bitcoin Dominance BTC Dominance is currently trading at the key support area after falling from a cliff last 14th of Jan. If BTC Dominance can't get above 69 levels there is likely a bearish cross of 50MA and 200MA will happen in the coming days. This will drastically shift the momentum from Bitcoin going to the Altcoin markets. Meaning, We will experience an Altcoin season for 1-3 months. I have seen multiple Altcoins starting to pump and have the potential to explode within 1-2 weeks. I'm getting excited but still using precautions in every trade. I will update this chart after a few days when we have enough data from the market.
CRYPTOCAP:BTC.DShort
by PolarHusk
BTC Dominance TA Update (Alt-coin Season?)BTC Dominance Bitcoin Dominance dropped like there was no support around 69-68 levels. BTC Dominance is now at 67 levels giving Alts/USD pairs a minor pump or relief rallies. If BTC Dominance closes the candle below 200MA, I am looking for this potential bearish triangle pattern which will lead the price much lower in the coming months. Things are really getting interested right now, I will update the market when the Dominance cools down.
CRYPTOCAP:BTC.DShort
by PolarHusk
Loading a dip?Hello everyone, this is our view on CRYPTOCAP:BTC.D , enjoy! Analysis: Most of alts are pumping hard by now, but they can hold this rally no more. So now i'm explaining: we're stuck in a big ascending wedge, which is currently supporting and resisting the price and i believe this is a lower retest after the sharp upper one. Then i drew 2 families of lines: bot-top (blue) and top-bot (red). I believe we'll follow them thoroughly. We've also faced a parabolic move which completes with next dip. We won't breakdown these two major patterns unless ma200 and ma50 form a death cross. Then i strictly recommend to go long on alts as they will pump a lot. First target when we'll turn long in the next days will be ema25 (69.65 ca). First signal of a reversal is the breakout of wma10. Large bollinger bands going down, we'll breakdown to oversold and then rebounce maybe after a little consolidation to let them stretch up. We already crossed ichimoku cloud, which is bearish itself, but it is also very thin next, so it won't act as a resistance for price to go up; they suggest we're then targeting 70.03. No change in trend suggested by fisher transform. Lower lows targets on laggings (chaikin, moneyflow, rsi), while they're just about to form bullish divergences with price going down. Stochastic (14,3,3), which also made a golden cross, and uo already formed a bullish divergence. Bearish momentum suggested by ao and macd (on it's way to form a bull divergence btw), bullish signal will be for macd to form a golden cross and for ao to mark 3 subsequent green candles. Fear accumulation this term, that's the begin of a downtrend reversal. Strategy: Wait for laggings to complete the bull divergence and then short on alts as they will bleed. Targets: 68.90 - 69.65 - 70.03 - 70.06 - 70.96 - 71.14 An update is coming as far as this prediction ends. Trade safe. Anlvis.
CRYPTOCAP:BTC.DLong
by Anlvis
Bitcoin Dominance TA Update (Bounce back for Alt-coins?)Bitcoin Dominance BTC Dominance sky-rocketed from 68 levels to almost 71 levels yesterday. This kind of move hurts most BTC pairing Alt-coins and most of them crashed hard over 10 - 20% drop. BTC Dominance has temporarily topped-out and heading back to the neutral zone where the 50MA is located and previous resistance has potential turn into the new support area. We could expect BTC Dominance to consolidate in these regions and the likely bullish play scenario is an equilibrium or tightening range. During its consolidation phase, Alt-coins pairings against BTC will have the chance to bounce back at key resistances for a retest and we can expect some 10 - 20% move up. I'll be looking for this kind of play in the coming days when I see the right opportunity.
CRYPTOCAP:BTC.DShort
by PolarHusk
Bitcoin Dominance TA Update (End of Alt-Season?)Bitcoin Dominance BTC Dominance followed my downward target zone but right after it reaches a key support area. The price quickly shoots up piercing key resistances like a hot knife through butter. A price gap is also filled in the mid 69.50 regions but that didn't stop BTC Dominance from sky-rocket above it came from. This market condition is hurting most if not all BTC Alt-coin pairings today. Please trade with a stop-loss just below key support because once these areas are broken, further downside is likely the scenario. We will have to wait and see when BTC Dominance cools down before entering any trade against Bitcoin.
CRYPTOCAP:BTC.DLong
by PolarHusk
Bitcoin Dominance - Anyday Now we'll freefallAnother BTC.D update, as we all know Bitcoin topped out earlier this year at $14,000 as well as the dominance after a 2-year bull run at 73% to the T. The monthly level marked in white at 70.21% is the exact point at where the 2017 altcoin season started. It's not a coincidence that we keep trying to touch the 70.21% level. Traders know that we can't break back above and the move is failing out, it's like the projectile motion of a golf ball. Sure you hit your drive 260, but at around 200 or so yards the ball starts to lose steam. That's exactly what's happening with the BTC.D . Anyday now it's just going to freefall just like it did in 2017. Every altcoin chart looks the exact same right now, all are popping out of accumulation, or already have with 60%+ moves. Anyday now.. watch. Then after the altcoin season when BTC.D falls and matches all-time-lows, Bitcoin will go crazy in price because everyone will cash out their no use case altcoins for the limited supply coin, Bitcoin. As always please do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.DLong
by kyer
2