Btc-dominance
Bitcoin DominanceBitcoin dominance has corrected for quite a while after 5 waves and an ABC shown by the TD D-Wave indicator. Also today it ends this 9 weekly buy signal after bouncing from the TDST support line.
Everything is ready for BTC Dominance to reverse and go higher!
BTC Dominance VS ETH / BTCI'm practicing my own skills and I'm learning new things every day. Today I learned about BTC dominance. I pulled up this chart to remind me how I did this. If anyone has tips to where I can seek new info, please let me know. It's kindly appreciated!
BTC.d Dominance to drop to %54 quicklyif it breaks the weekly support at 59%, otherwise it will retest the 4h 200ema at 64%.
Downward bias more in favor since rejection of the 60.8%. Confluent with downward turn of the dollar dxy in a falling wedge as well.
BTC dominace will stand up?Hello, traders.
BTC dominance keeps slumps after every bull attempt to gain market cap, and the price is inside on what it seems to be a bearish downtrend channel.
But if the price goes above 62 regions we can imagine that this downtrend will be over and the price will make a bear trap on that major support level, and after that, they gain market cap consistently.
Best Regards.
BTC.d, will BTC die for real this time?The monthly MACD of BTC dominance has cross down. BTC must go up before the end of the month to uncross the MACD. Currently dominance is near weekly support, if that breaks we can see BTC dominance at 10% supposing that the downward wave from 100% is an ABC 1 to 1 correction. at 10% BTC will be forgotten and some alt will replace it.
Potential divergence enough to make BTC dominance bounce?Or will it gradually continue to correct and slide towards the downside?
There is some unconfirmed( ! ) divergence on both the RSI and the MACD.
But whether these mechanisms are applicable on a dominance chart, is another matter.
Looking at a larger picture and accounting for the fact that there is a lot of development in the crypto space as a whole, it seems rather obvious to think that resources, efforts, new technologies and money flows will be spread out over numerous kinds of crypto’s and innovations.
This does not mean that BTC will significantly drop in price, on the contrary, it will most likely increase in value.
But it may not be the only one. Therefore, its dominance might slowly decrease with some downs and ups as the years go by.
As the ema-ribbon, the pivotbands-centerline, the RSI and MACD are all in the red on the daily chart, and the level also has entered my grey zone, it is starting to look like it is in a c-wave and that lower levels might be ahead.
Turnarounds may arise when it is least expected, so, we’ll see…
Thanks for your time!
BTC.d BTC Losing lusterThe king getting unseated. If dominance loses midline channel support it will drop the next channel support at roughly 59%. Ranking of BTC on lunarcrush is 66 out of a hundred, not even among the top 10. Is BTC going to be replaced?
BTC.d down to 61%BTC.d did a head fake at %62.6 and although it now retests this resistance, it meets the same heavy liquidity zone that created the head fake. Rejection again will send it to 61%. Repeat of the July 27th pattern.
BTC.d Dominance to 66.5%if it breaks above 62.5% resistance otherwise it will drop to the midline support of the descending channel and might breakdown to 59%. BTC.d has been struggling in this range can't make its mind to go down further or reverse trend. It is quite a fickle to predict. Some alts stalled some continue up. Maybe we are arriving to a reversal point.
Bitcoin Dominance | Reached at Major Support (60%)BTC DOMINANCE (Update)
Bitcoin Dominance Reached at Major Support Area (60%), It's Historical Level, Only Crossed down in 2017's Bull Run..!!
Now, Alts Might Crash📉, If BTC.D Bounced Back from here. (So Reduce Your #Alt Positions)
If Major Support Broken Down, Alts Will PUMP Hard. & Dominances' Next Target Will be 57%.
On the Other Hand, Big Cap Altcoins Dominance (excluding Bitcoin & USDT) Breaking the Long Downtrend Resistance in Weekly Chart (Bullish Sign for Alts)
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#BCH Buy Long Short_Term_Call Target 240$ Resistance 245$#BCH
there is pump preparation
When #bch is like this, #btc rises.
Target is 240$
Estimated 4 Days
I'm waiting
Wait For The Support To Bounce Right Now
BTC DOMINANCE. TD9 CAMARILLA. DIVERGENCEbullish divergence. TD9 BUY setup. the second monthly breakout (downside break) target has been hit. I would expect btc dominance to increase fairly soon. no matter if its from alts selling or btc rising
BTC.d bouncesAfter a free fall with no stop, finally printed a bullish div on the 0.786 retracement.
Support is being respected, triangle is stretching. BTC is resisting at the current green line support, which tells me it will be heading up slowly until it breaks the big old red resistance line from the 20k.
Good news are coming out and the fear of another bearish move is decreasing, so on my view there will be a slow move to the upside in between that triangle.
Leave your feedback, and have a good one.
2020-07-08, How low is the bottom? RSI 20 or RSI 10?This chart showed that BTC Dominance is losing grip to prepare for new move in the next 3 to 6 months time.
BTC.D, No Alts season, not now not everthe word Alts will be a reference to the coins that died during the next Alts extinction event. The few surviving Alts will be called something else.
BTC.D still within an ascending triangle with volume dropping. It will consolidate on the triangle support for a while giving hopium to the shitcoiners.
BTC at the bottom of the dominance triangleBTC is at the bottom at the dominance triangle, showing us that alts took the led this week
But right now is not the time to continue buying alts, for me that shows that both alts and BTC will fall this week
And for now BTC will probably regain its dominance over the alts, so expect a huge fall for alts now, don´t be fooled by those 10-20% pumps
have a great day
IF YOU TOOK PROFITS YESTERDAY LIKE I SAD, LETS SET UP BUY ORDERSYesterday the movement was extremely manipulated, investors were trying to make BTC close the month above the triangle,
but when i goes up artificially it always comes back down.
My buy orders are now are: (Please leave me your opinion, I am here to learn as well)
1) OCO buy orders in between the triangle ranging from 9340 - 9630 (I am using 30% of my capital)
2)Limit buy order at 9010 (30% of my capital)
3)Limit buy order at 7820 (40% of my capital)
I don´t believe that BTC could go much lower than 7820, so this is a pre-bull run buy for me
