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Btc-dominance

BITCOIN DOMINACIA vs WYCKOFFSC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume Phase B: The function of Phase B is to build a cause in preparation for a new downtrend. During this time, institutions and large professional interests are disposing of their long inventory and initiating short positions in anticipation of the next markdown. The points about Phase B in distribution are similar to those made for Phase B in accumulation, except that the large interests are net sellers of shares as the TR evolves, with the goal of exhausting as much of the remaining demand as possible. This process leaves clues that the supply/demand balance has tilted toward supply instead of demand. For instance, SOWs are usually accompanied by significantly increased spread and volume to the downside Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring.
CRYPTOCAP:BTC.D
by CRYPTOGEDDON
Bitcoin Dominance getting weaker. Alts season coming?As a continuation to my last post, I expected a downtrend continuation of bitcoin dominance looking for 36% and 30% levels. At the moment it's about at 40% floor and aiming to break it. Looking at the green fibonacci circle critical level, it has been already broken and also moving averages are starting to break. Currently we can see already stronger uptrends such as ETH and some other altcoins, which is traduced in money flowing out of bitcoin and going into alts. Could this trigger a strong uptrend for altcoins in the following weeks? ***Please Like and follow me for more ideas!!!*** ^Coquetrader^
CRYPTOCAP:BTC.DLong
by CoqueTrader
3
BTC Market Cap Domination Domination is near big support, there is probability that the domination will rise from that support around 39%. If this will happen and the price of btc despite that will go down, it means that alts will bleed a lot, 2x more than btc. If the price will rise along with the domination it simply means that the money will be going mostly to BTC and alts will rise slowly. The other scenario is that we will break that support and domination will fall to around 35% in this case we may have similiar situation to January 2018 when the huge altseason started. We can also see that there is divergence on 1D timeframe on MACD which may suggest that we won't break this support and the dominance of btc will start to rise. Be careful, always do your own research. It is not financial advice, I'm just sharing my personal view.
CRYPTOCAP:BTC.D
by BeaT16
2
Bitcoin Dominance (BTC.d) finishing wave IVFirst, Bitcoin Dominance is bullilsh for altcoins. Bitcoin Dominance does move in Elliott wave patterns. Which one might not expect, as it is a 0% to 100% chart of market caps. Bitcoin Dominance (BTC.d) is finishing up a wave IV corrective ABCDE triangle pattern. Leading diagonals are not allowed as any of the legs of a triangle. But, I can't figure out a way around that, so just living with it, as the pattern overall seems clear. The E leg is coming up. It is common for the E to do an underthrow, so don't be surprised if it does not touch the line. Then altcoin season starts when BTC.d plummets. How far down? I do not know, so I put a standard 1.0 to 1.618 fib (of the wave I) as possible end. If you want to have some fun, copy this chart to yourself. I set it to "Share". And add TOTAL2 (choose separate scale). Then you can see how the altcoins react as compared to the BTC.d chart.
CRYPTOCAP:BTC.DLong
by gz1968
3