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Bitcoindominanceupdate

#BTC Dominance bouncing? ALTCOIN Opportunities ahead?Welcome to this quick Sunday Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get to the chart. The BTC.D Chart that I posted earlier followed the speculated path perfectly. The chart shows the possibility of some bounce in this index which will eventually lead to corrections in altcoins. These corrections won't last and should be considered as an opportunity to accumulate at lower levels. So far we have traded many altcoins like:- VET: 37% Profit TOMO: 11% COS: 70% REEF::41% DGB: 29% LRC: 45% BEAM: 24% IOST: 28% OXT: 34%+ XRP: 19% and many more... All these Altcoins were posted and have shown massive profits lately without leverage. I will be posting more setups this week. So follow me and do hit that like button if you like me to post more Spot and Futures Setup. Do share this chart with others. Thank you #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
6
BITCOIN DOMINANCE STRENGTH EXPECTED TOWARDS Q4 2021 (MUST READ)Bitcoin dominance may be on the brink of a massive influx of strength. If I am correct, it looks like whales are in the early phases of moving their altcoin profits back into Bitcoin. Assuming this is true, we will start seeing a flight of capital move away from altcoins like Ethereum, Cardano, & Ripple to take profits by moving back into Bitcoin. We may be in the early macro stage of a reversal in BTC.D trend to see strength into Q3 & Q4. If this is true, depending on your tax situation, the best method of navigating this portion of the market cycle will mean hedging altcoins profits back into BTC. It will ensure that less capital is lost with any market correction, assuming Bitcoin sees less % downside than other coins. The key to this is to re-enter altcoins after the cycle begins to tip the other way. To expand on this further, I believe Ethereum will form a new all-time high before the end of this year. However, this does not mean it will happen soon. I think that Ethereum will have a second impulse to form a higher high (new ATH) while BTC lags behind it. If I sell any Ethereum to Bitcoin, I would be dammed to not get back into Ethereum after the next pullback. We will cautiously shift away from dominant long trades on margin and incorporate more shorts to hedge long-term spot positions when it comes to day trading. Lastly, expect strict regulation in the cryptocurrency market coming into 2022—snipers Out. #BITCOIN #ETHEREUM
CRYPTOCAP:BTC.DLong
by TradersProfitClub
4
#Bitcoin Dominance Pump Incoming? Alts in Danger!Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get straight to the chart. It's been a while since I posted this chart on BTC.D, BITCOIN Dominance is currently facing the triangular resistance. The rejection would lead to some rally in BTC pairs. Unless we see a confirmed breakout or a breakdown it's better to wait for now. IMHO Bitcoin looks prime at this point so if the current money in the market flows in BTC we won't see much change in ALTS/USDT pairs. Instead, we will see a dump in BTC pairs because of an increase in BTC dominance. What's your thought on this? Do share in the comments section. Stay tuned More updates coming up. Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
1
Bull Cycle coming back soon!??Bitcoin dominance is coming up on a very important level which is the pivot point where if we cross and breakthrough here we could see a nice reversal to the downside which means that at first BTC and crypto will most likely fall but after that when BTC dominance is lower markets will start to thrive, especially altcoins! The RSI is also coming up quick on the midline, if we can get a break here and a confirmed retest to the downside we could find ourselves in a confirmed downtrend, this would be very positive for btc and altcoins as we get lower and lower dominance alt coins especially will start to really boom. Looking at the bollinger bands we are sitting right on the midline of the bands and its definitely possible we get a bounce here to the upside, but at some point soon i think we are going to get a break below here where we will then get some more downside momentum.
CRYPTOCAP:BTC.DShort
by JacobR905
3
BTC WARNING! POTENTIAL HUGE DROP INCOMING Bitcoins dominance is looking very stubborn after refusing multiple times to break below the 45% level and now rebounding once again back upwards. I think theres a chance we see a pump in BTC dominance and that usually brings a big hit to the actual crypto markets, i think we could see a 'top' around 48% dominance before then falling back down and ultimately then resume our bull cycle. We are in a pretty "dangerous" position right now with our candles starting to ride up the top bollinger band and in most cases when that occurs we then have a big spike upwards. Our pivot point to the downside is around 46%, and by how things are looking we will have to have a top before we come back down to this level. Now looking at the RSI we are well above the midpoint in now a confirmed uptrend but we are going to be soon approaching the overbought area where then i think we could see a fall back downwards. So overall like i was saying yesterday i dont think this pullback is over for BTC and the market and that we could see some more downside in price or upside in dominance before then resuming our bullrun. I dont think we are too far off here i would say maybe the beginning of august or so is the timeline i would guess that we could atleast start to see some metrics and indicators start the process of flipping back bullish! Not financial advice just my opinion!
CRYPTOCAP:BTC.DLong
by JacobR905
2
Btc Dominance Almost at Peak??As we have seen when BTC dumps gthe dominance level spikes up significantly and we have seen some nice green days like today after pullbacks, my drawing is pretty accurate so far and we could still see a little more upside in dominance to that peak at 48%. As we can see too this level is a pivot point and there is a good chance we reject off both. We are looking for that bearish double top to then hopefully resume this bullrun, there are lots of factors as you may have seen in my previous TA's we need to see RSI confirmed above the 50. point midline, EMA ribons fully twisting back bullish, the death cross reversal ie. 50 day coming back to get ontop of the 200 day. (Keep in mind those examples are for price and for the most past its reversed when talking about dominance). The MACD still has room to run up to get that double top pattern before ultimately crossing bearish, our blue MA is coming downwards on the orange but still has a bit of moving space. One more thing i like to keep in mind these sorta timeframes are so minimal compared to looking at a macro chart say in a couple years, this is just a small blip on the chart so try not to let emotions get to you thats what causes poor decisions! Not financial advice just my opinion!
CRYPTOCAP:BTC.D
by JacobR905
BTC Dominance about to fall??!!Bitcoins dominance since shooting up during our last correction has slowly going sideways and slightly down which has formed this pennant, we have held perfectly inside this pattern and we are now approaching the Apex point or the end, our close tonight for BTC dominance will tell us quite a bit, my thoughts are we are going to break below the end of the pennant and keep our long term downtrend going, if this does play out Bitcoin will likely start to move up maybe not very far but altcoins will really begin to fly. There's a good chance we come back down to the 40% level like we saw early may and then after that i wouldn't be surprised to see 35% BTC dominance. The MACD is right on the verge of fully flipping bearish and could come down pretty hard once we see that confirmation. The histogram is almost right on that midway line which makes me believe some red bars are coming. Also EMA ribbons are pressing down heavy on our candles with lots of bearish momentum, there's lots of separation in the bands so i doubt we see a full reversal anytime soon, remember lower BTC dominance means incredible altcoin gains and most of the time smaller BTC gains. Either way good for the market after struggling recently i expect some green days ahead! NFA just my opinion
CRYPTOCAP:BTC.D
by JacobR905
If you have any money in crypto you need to know this...There is a seasonality to the Crypto space. It comes in waves led by the leader and King BTC. There is no question many projects and exciting coins coming into this space but until the market cap of Bitcoin has been dethroned, Bitcoin exists as the the KING. Many Alt coins have had 5-6 months in the sun and this chart points that their cycle may be coming to an end for a season. If you have any money invested in Crypto you may consider selling your Alts if you haven't been totally flushed out yet or allocating more of your holdings into BTC. I just asked my 6 year old daughter which way she thought this chart was going to go next? Her answer was... "up". I asked her why? She told me "is this is pattern?". Yes we see these patterns in Crypto. I called the bottom on BTC.D 3 about a month ago and was proven to be early. This game is hard to be perfect at or right all of the time. We are starting to see a strong bounce off the 2017 low. My entire point in putting this together is for you to closely look at your holdings and make sure for the next 2-3 months they are BTC dominant. Just shear math will tell you will have a better return there until this market consolidates over the next couple months. Alts like to see their parent (BTC) confident before they run wild. Just as an example I'm personally looking for ETH/BTC to drop back to .50 before shifting more of my Bitcoin to ETH. Before this happens BTC.D will be much higher than it is now. Not only will this gain a higher return but our conversions will be better and our money will go further when BTC.D crawls back to up to the .60 price. We are on a journey back to the X. It's never a straight shot path either but I'll wake you up when we get there. Adjust your accounts accordingly. BRONSON-TheSHARK
CRYPTOCAP:BTC.DLong
by Bronson-TheShark
4
BTC.D worth to keep eye onHello everyone, BTC.D H&S paterns target is almost reached We might see a dominance bounce and suction of some overbought alts into papa soon Rejection in the red zone in circle might cause a further dominance drop till end of the year in to the new lows. Cheers ChaChain ------------- 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. KEYWORDS R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
CRYPTOCAP:BTC.D
by Anoinvest
6
BTC DOMINANCE TAKING A HIT WHILE ETH SOARS!!we're seeing heavy downside right now in BTC dominance and Ethereum is loving it! I personally believe we are just getting started with this altcoin season, Bitcoin dominance still has a big fall ahead historically speaking, we have little to no resistance left until our heavy support at 40%! As dominance goes lower alts will go higher. We see very heavy downwards pressure from the EMA ribbons with them spreading out and heavily pointing to the downside. The Zero Lag MACD has recently flipped bearish and printed a "sell". If we see the blue and orange on top start to spread out we could see a very very large fall so always check the Macd, we are still around the mid point and could possibly do a full swing to the downside! Rsi Continues too hangout in the bottom "overbought" area pointing down with no signs of popping back up, we could see a little reverse soon but i think itll be very brief and we will continue bearish for a few months! NFA just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
VERY IMPORTANT CLOSE FOR BTC DOMINANCE!!!BTC dominance has currently broken through the very strong historic support level! If we see a daily close tonight below this aprx 50% level we will see altcoins surge more than we already are! If we don't see the close tonight i believe the time is coming and it'll happen soon, we could see a 35% BTC dominance eventually around the peak of this altseason! Looking at the EMA ribbons we are still getting lots of pressure to the downside seeing big separation in the ribbons with no sign of slowing down, same thing with our ichimoku cloud, we are getting continuously pushed down by bearish momentum. The Zero Lag MACD is coming up pretty strong but looks like we are starting to see a bit of early signs of a reversal as we approach a potential peak. Not financial advice just my opinion!
CRYPTOCAP:BTC.D
by JacobR905
Massive Altcoin Surge coming soon??!Bitcoins dominance has been getting crushed recently coming further down breaking through all FIB Levels and strong historical support levels. As of right now we are sitting right on the historic strong 50% Dominance level, i think it is slowly getting weaker and weaker as we have been testing it for the past 5-6 days. I think the break is coming soon and we could see btcs dominance continue on its bearish path, we have been hovering slightly above the bottom band of the bollinger bands and if we do slip and start to hug it again like we were previously we could see another rapid fall. Our EMA ribbons are spreading out even more bearish pushing down on us with bearish momentum and show 0 signs of recovering anytime soon! Our MACD has been pushing up but appears to be loosing steam looking like we could see a reversal in the coming days. I could see us breaking this 50% level any day now and then start the fall down to eventually 40% and even possibly 35% which was our previous altseason peak in 2018! NFA Just my opinion! rarible.com Feel free to check out my very first NFT! More to come!!
CRYPTOCAP:BTC.DShort
by JacobR905
1
Massive BTC dominance drop in the coming days?1Bitcoins dominance has been falling for weeks now and is approaching a critical support level at 50%, we have tested and bounced off once already and i believe in the coming days or week we could see a breakthrough and ultimately continue falling! When we do breakthrough this level itll be turned into heavy resistance and i think we will see another gradual fall all the way to 40%, depending if BTC dumps with its dominance we could see a big market pulldown and then Altcoins will start to boom like crazy. Remember the peak of the 2018 altseason BTCs dominance touched aprx. 35% before heading back up for a recovery. Definitely keep an eye on the bollinger bands, as you can see we have been riding the bottom band which is super bearish and ill be looking to see if that continues. Aswell as watching the bollinger bands on BTCUSD we are getting very close to the bottom band and if we start riding it a fall will be imminent, NFA just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC dominance heading for 50%Sorry everyone for the lack of TA recently, have been working on some big projects to do with NFTS but still going to try get content out as much as possible! We are seeing bitcoins dominance continuing to fall at a pretty rapid pace (Hence the serious gains in altcoins at the moment) I think we are bound to see a 50% dominance in the near future, The ichimoku cloud has really been pressing down hard on us continuing to print resistance clouds, Aswell the EMA ribbons are really starting to turn down pushing us further down with lots of bearish momentum, also showing no signs of slowing up. Our MACD looks like it is currently peaking and appears to be turning slightly to the downside, I will be looking for that reversal in the next day or so. I believe 50% is inevitable but if we do see some reversal and a move up at most i could see us rejecting off the 57% level and then heading back down. Remember that 57% support that we turned into resistance is historically one of bitcoins strongest levels and will be very tough to break, just my opinion not financial advice!
CRYPTOCAP:BTC.DShort
by JacobR905