Bitcoin Dominance BTC.D Pushing Higher Toward 60% LevelFinally some strong moves in money flow into Bitcoin.
We can see the Bitcoin Dominance BTC.D Pushing Higher Toward 60% Level.
This is a strong signal that money is flowing into Bitcoin, likely from BTC ETF's.
The biggest thing holding it back in my opinion is the DXY has been pushing higher also, but is at a resistance level, and will likely drop from here.
So we're likely close to a rally in Bitcoin, but I think we'll see a few days of retracement 1st.
Nice looking upward trajectory on BTC.D here.
Bitcoindominanceupdate
Sell Signal For Bitcoin DominanceOn Friday, my indicator combo gave us a big old SELL, meaning dominance by Bitcoin is about to dump. This does not mean the price of BTC will drop. In fact, it could continue to rise.
What it signals is that the altcoin market is about to 🚀🚀🚀! Therefore, if Bitcoin rises, Altcoins will rise even faster. Get ready! The rocket ship is about to launch for alts. Bull run incoming.
Bitcoin Dominance at key levelBitcoing dominance at a critical level now. If BTC.D break upper line with weekly candle, BTC will pump more and BTC will make a new ATH in 2024.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Bitcoin dominance: Bull continuationCorrection from 54.40% to 52.8% looks like it has completed completed with a mini divergence in price and volume,
Based on the chart, you can see a 3 wave correction cycle which is WXY has completed, and from here Bull continuation cycle is expected to the new ATHs.
Expect Bitcoin and other tokens or crypto currencies to continue rising.
BTC.D WILL NEVER REACH 58% EVER AGAIN AND/OR HOLD IT.The statement is made to stablish what I believe is obvious, but considering what I've been learning from all on CT, this is my opinion of course, not financial advice.
BTC market share around 10T Total Market Cap would reach maybe 3.3 on present cycle, where ETH may reach 1.1 with SOL.D above it by small % maybe reaching 14% on a very tiny window.
All behaviour of Altcoins Dominance regardas past cycles is suggestion the market share is going to expand (logic) and the race would be to hold above 10% and for BTC to hold AND sustain, above 25%.
I Believe BTC will touch the base of the Fib Channel, around 14% meanwhile the window closes and the market shuffle is over.
Happy Harvest.
BITCOIN DOMINANCECurrently bitcoin dominance is heading towards the support area of 52%, It might stay sideways due to weekend (low volume) for some time before big move.
1st scenario :- If it breaks the 52% support level we might see a bull rally in altcoins.
2nd scenario :- If it bounce back from 52% support level altcoins will dump.
IMPORTANT :- Due to ETF which has been approved there are high chance that people might
shift from altcoins to bitcoin.
So make sure to use trailing stop loss to avoid such scenario & keep booking profits.
Either way I'll keep you updated, make sure to follow me for quick updates. :)
Bitcoin Dominance to Double-Top?Traders,
Previously, you'll remember I noted where I thought we arrive on the BTC.D chart. What I did not expect is a break back above 53% resistance. Now, with Bitcoin breaking all kinds of levels, prices, and expectations, market focus is zoned in at Bitcoin. At some point though, I do expect that focus to shift back into the altcoin space and more altcoin pumping should ensue. So, I am wondering whether BTC.D double-tops here before collapsing? I certainly know that this remains the highest probability at the moment and it is also why I am so heavily vested in altcoin trades currently.
Stewdamus
Bitcoin Dominance targetsCRYPTOCAP:BTC.D
Possible Targets and explanation idea
➡️Marked 2 main targets for Bitcoin Dominance
➡️Based on Take Profit indicator on weekly we can see test of "Take profit" line
➡️Marked green box zone where you can step by step sell and fix profit in altcoins
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
📈Ready for altcoins to move up?📉CRYPTOCAP:BTC.D
Hello traders, I hope you have had a profitable week.✋
First, pay attention to the previous analysis of the Bitcoin Dominance Index.👌
The Bitcoin Dominance Index is approaching the important level of 48.48. Despite the possibility of being rejected below this level, if the price of Bitcoin stays at a certain level or grows, the altcoins in the market can experience an upward movement of 20-40%.
Ethereum price targets were identified in a separate analysis.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS
BTC Dominance ready for a strong bounceBTC Dominance is currently sitting on the strong support and seems to be ready for a strong bounce. RSI currently oversold on daily timeframe.
It would make a lot of sense as we still expect alts to drop 50 % which most likely will happen if BTC dominance bounce from this key support.
From another hand, if BTC.D breaks down, we may see an alt season and some really nice gain. However, this scenario in our opinion is less likely . We also expect that ETH merge will be a sell event which may trigger the drop in value for other alts too. Be ready for a bloodbath.
If BTC.D bounces from the key support , we expect it to reach the upper boundary of the range and BTC.D would be at approx. 48 %
BITCOIN DOMINANCE: A RALLY EXPECTED!Shalom traders! I hope your weekend went well. Another week we ended up with some good profits and BTC still holds the support level. Today, we will analyze the BTC dominance chart and what this could mean for the market.
Timeframe: 3 days.
Update: BTC dominance has been a helping hand for the traders to analyze the upcoming move on BTC. As we can see in the chart that the BTC.D is under a trendline and it has been beautifully following it. According to the chart, we can expect a rally on BTC.D in the upcoming days which means BTC and altcoins in the BTC pair may possibly rally. The invalidation point will be the lower supporting trendline at 38.8%.
That's it from my end.
Thank you.
BITCOIN DOMINANCE UPDATE! SHOULD HOLD YOUR ALTCOINS OR NOT?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC DOMINANCE update.
Bitcoin Dominance is trading inside a channel in the weekly time frame. Currently, it is rejecting from the upper trendline of the channel. If we get a rejection from here then we will see a relief rally in Altcoins.
If Bitcoin dominance breaks above this channel and any weekly candle closes above 45.20 level then we will see another crash in Altcoins.
Here is a simple plan you must follow:- You can buy some good altcoins with the tight Stop loss and keep a close eye on Dominance. If we get a weekly close above 45.2 then exit from all Altcoins.
What do you think about this?
Do you think we will see a relief rally in Alts from here or we will another crash in Alts?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Rounding bottomBitcoin Dominance has formed a rounding bottom formation which is a bullish pattern how ever there are two things which needs to be consider here,
1. If this shoots up then alts and Bitcoin will fall.
2. We can see a relief rally if it goes down a bit and in this case we can see a pattern formation called CUP n handle which is also a bullish pattern.
So only time will tell what will happen, Hope for the best.
#BTC Dominance Decisive time coming by 31st March, Here's why!Welcome to this brief Analysis of Bitcoin Dominance.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
Bitcoin Dominance is getting rejected at the local resistance but does not take it as a confirmation for a possible alt season.
ALTS are still bearish IMHO. We can buy way cheaper but later. It pumped almost 4.18% since my last post and I expect more growth in Dominance for the next few weeks. Possibly till the end of this month.
When it hits the resistance, that will be the actual time to know whether the index will break or get rejected.
Currently, it's almost reaching the resistance better wait for the right time.
If you follow me you already saved a lot of your funds which was possibly stuck in many altcoins.
INVALIDATION: A daily close followed by a confirmation candle below the 21DMA and 50DMA will invalidate this chart.
What do you think?
Do let me know and hit the like button.
Thank you
#PEACE
#BTC Dominance. ALTSEASON will trigger at this level...
Welcome to this extensive analysis of Bitcoin Dominance.
If you are reading my updates for the first time, make sure you follow me if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
BTC Dominance is currently holding the 42.4 level. As long as it holds this level it's highly likely we will see some rally in BTC while it reaches the 45.22% level. This will trigger the rally in BTC too, possibly till $46k only if it maintains $38k support.
CONCLUSION:- BTC.D is likely to rise to 45.22% and get a rejection at that point which will eventually trigger the rallies in altcoins against BTC pair.
Invalidation:- Daily close below 40.27
What do you think of this chart?
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
BITCOIN DOMINANCE IS LIKELY TO BOUNCE!!!Welcome to this new update on BTC dominance in 2 days timeframe.
On 17th Jan 2022, BTC dominance bounced back from the lower trendline and so far it is halfway through to reaching the upper trendline. If BTC.D manages to hold the 21 MA support then we can expect a bounce from here and 45% could be possible. A breakdown will drop the dominance back to 39%.
The weekly close is just a few hours ago so let us be careful.
#BTC Dominance Breaking Down? Or Just a Trap!Welcome to this quick update folks.
BTC dominance is currently retesting the Blue MA on this 2day chart after breaking down.
If we consider the wicks the scenario changes completely opposite of what we see here.
Considering the current chart, It's highly likely we will see a dump in this index in the next few weeks given the condition it stays below this Blue MA.
Close above this MA will invalidate this chart.
ALTCOINS in BTC pairs will show some strength in the coming days.
Currently, most of my portfolio is in USDT and BTC.
I will accumulate the altcoins with some good fundamentals and will hold on spot.
What's your trading plan?
Do hit the like button and share your views in the comments section.
Thank you
#PEACE
BTC Bitcoin Dominance: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D).
The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta color) and a multi-month double bottom pattern (bullish ; in blue color). The RSI (relative strength index) bounced off of a multi-month support line and potentially headed back upwards. There is still room for growth. If Bitcoin Dominance breaks up, it could be a great sign for the Bitcoin price. If it breaks the support line, a potential altcoin season may be coming very soon!
Shown: Support and Resistance Line, Trendline, Double Bottom Pattern, Triple Bottom Pattern, RSI (relative strength index), Triangle Pattern
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
#BITCOIN DOMINANCE Breaking Down! ALT SEASON has already begun!Welcome to this quick update, everyone.
I know you've been waiting for this chart!
Bitcoin Dominance has broken down the important level of 40.
As per the pattern the index is likely to hit the 30% level.
It's also moving below all important EMAs. Showing signs of weakness.
Meanwhile traders will shift to Altcoins against BTC.
This could be a very good opportunity to make some profits in the next few weeks while BTC moves sideways (which means accumulation as per my last BTC chart).
Many Altcoins are already showing some strong moves.
So Here's my trading plan:-
1. Keep BTC mostly.
2. Trade more on Spot and low leverage Margins on ALT/BTC Pairs.
3. Trade less on Futures (Only at the support levels rather than between a range).
4. Make more BTC.
I'll be sharing 15 to 20 Altcoins this week.
Invalidation:- Only a weekly break and close above 40.88% will invalidate this Chart.
So far this scenario is unlikely.
Do hit the like button and share your views in the comment section. Follow me to know the next Altcoins I'll consider adding to my bags.
Thank you
#PEACE
BTC Dominance: 1D Chart UpdateHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Bitcoin Dominance (BTC.D).
The chart is self-explanatory. The Bitcoin Dominance is currently at a key area between a multi-year support line and a multi-month resistance line. The Bitcoin Dominance has formed a multi-month triple bottom pattern (bullish; in magenta color) and a multi-month double bottom pattern (bullish; in yellow color). The RSI (relative strength index) is also moving up a multi-month support line. There is still room for growth. If Bitcoin Dominance breaks up, it could be a great sign for the Bitcoin price. If it breaks the support line, a potential altcoin season may be coming soon.
Shown: Support and Resistance Line, Trendline, Double Bottom Pattern, Triple Bottom Pattern, RSI (relative strength index), Triangle Pattern
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Altseason Almost Here!!!Taking a look at our bitcoin dominance and we have just recently broken right through that crucial 40% mark and that is a huge deal for the altcoins, realistically we should start seeing some explosive price movements going forward across the board. We definitely want to see our daily candle close below the 40% line as it would be very bearish and with that bullish for altcoins. A close here opens up the door for a breakdown to our first support at aprx 39.5% and then our S2 support which comes afterthat, either way any price action going forward that continues to drop is very positive for the alts! The bottom band on the bollingers as you can see is just below us we actually wicked onto it, the door is open for us to grab onto here and to see a big fall in domiance, historically closing ontop of this bottom band leads to explosive bearish price action just like we want! The RSI is getting crushed fairly badly and thats another great sign going forward, the RSI getting stuck below the midline signals we are in a confirmed downtrend which of course is positive for the altcoins. The interesting thing here though, is that we have tons of heavy resistance above us and it appears they are going to be pretty tough to breakthrough, we have the SMA which we are now below(BEARISH) and then we have two overhanging heavy lines of resistance that will take quite some time to break i personally think! Overall looking very good for the altcoins and if we see this trend continue moving forward we could be leaping right into altseason where i expect to see some explosive massive gains! Not financial advice just my opinion!