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Btc-dominance

🔥 Bitcoin Marketcap Breaking Out: Highest Level Since 2021!The last time that I took a look at the Bitcoin Dominance (BTC.D) was back in April when we first the hit top resistance area. Back then I argued that it was likely that the dominance would reverse back down since that was the case for the last 3 times. As it seems now, this time is different and the dominance is breaking out of the horizontal channel area. This means that Bitcoin is getting a larger share of the market, which is classically the case in bear markets and during periods of fear. Seeing the massive sell-off in alts today, this is a dominance break out based on fear. In my view, the genie is out of the bottle and Bitcoin Dominance will likely continue to go up. This means that alts will (on average) lose value against BTC in both uptrends and downtrends. On the other hand, this is positive because it will give alts more room to grow when the "real" altseason will begin somewhere in 2024.
CRYPTOCAP:BTC.DLong
by FieryTrading
6
Total Crypto Market Cap Chart Analysis: Key Levels to Watch Total Crypto Market Cap Chart Analysis: Key Levels to Watch and Future Price Predictions Cryptocurrency has been on a rollercoaster ride in recent years, with market volatility being a common occurrence. In this article, we will analyze the total crypto market cap chart and identify key levels to watch, as well as provide future price predictions based on current trends. Key Levels to Watch: The total crypto market is currently trading within a parallel channel and has been rejected from a strong resistance level at $1.25T. The next support levels to watch are $1T and $960B, which could be potential retest levels. If the market breaks the $1.50T level, it could hit a new all-time high, potentially reaching resistance levels at $2T and $3T. Future Price Predictions: Based on the current trends and market analysis, we can expect the total crypto market to continue its upward trend in the long term. The next bull market could see the total crypto market cap reaching around $10T, presenting a massive growth opportunity for long-term investors. Conclusion: As the crypto market continues to evolve, it is important to stay up-to-date on the latest market trends and key levels to watch. While volatility can be expected, investors who take a long-term view may find opportunities to capitalize on the market's growth potential. Keep an eye on the support and resistance levels mentioned in this article to stay informed and make informed investment decisions. Follow us for More Quality updates. Thank you
CRYPTOCAP:TOTALLong
by CryptoPatel
3
Bitcoin Dominance Chart ( Altcoins Bloodbath Coming ? )Bitcoin Dominance Chart Analysis: Potential Impact on Altcoins and Key Levels to Watch Bitcoin dominance, which represents the market capitalization of Bitcoin as a percentage of the total cryptocurrency market capitalization, is currently trading at 48.31%. The dominance chart is showing signs of a potential breakout at a big resistance level. In this article, we will analyze the implications of a breakout and key levels to watch. Headings: What is Bitcoin Dominance? Current Status of Bitcoin Dominance Implications of a Breakout in Bitcoin Dominance Key Levels to Watch Best Altcoins Entry in Near Future Conclusion What is Bitcoin Dominance? Bitcoin Dominance is a metric that shows the percentage of Bitcoin's market capitalization relative to the total cryptocurrency market capitalization. It is an important indicator of the market sentiment towards Bitcoin as compared to other cryptocurrencies. Current Status of Bitcoin Dominance: Bitcoin Dominance is currently trading at 48.31%. The dominance chart is showing signs of a potential breakout at a big resistance level. Implications of a Breakout in Bitcoin Dominance: If Bitcoin Dominance breaks out of the 48% resistance level, it could lead to a bloodbath in altcoins trading in BTC pairs. It may also affect the altcoins trading in USD pairs if Bitcoin remains stable or dumps. However, if the breakout occurs, the 48% resistance level will convert into a strong support level. Key Levels to Watch: The key levels to watch for Bitcoin Dominance are the support level of 45% and resistance levels of 48% and 62%. In case of a failed breakout, Bitcoin Dominance may test the support level of 45% before pumping. Best Altcoins Entry in Near Future: If Bitcoin Dominance breaks out, the next stop would be at the 62% level, which could be a good entry point for altcoins. We will update the best altcoins entry at that time. Takeaways: Bitcoin Dominance represents the market capitalization of Bitcoin as a percentage of the total cryptocurrency market capitalization. Bitcoin Dominance is currently trading at 48.31% and is showing signs of a potential breakout at a big resistance level. A breakout in Bitcoin Dominance could lead to a bloodbath in altcoins trading in BTC pairs. The key levels to watch are the support level of 45% and resistance levels of 48% and 62%. If Bitcoin Dominance breaks out, the next stop would be at the 62% level, which could be a good entry point for altcoins. Conclusion: The Bitcoin Dominance chart is currently showing signs of a potential breakout at a big resistance level. If the breakout occurs, it could have significant implications for the altcoins trading in BTC pairs. It is important to keep an eye on the key levels and stay updated on the best altcoins entry points. Follow us for More Quality Content. Thank you.
CRYPTOCAP:BTC.DLong
by CryptoPatel
4
BTC.D invertedSometimes it helps to see things from another perspective. Long term bullish. Fib channels are going to expand soon, and we will see a decent amount of Bitcoin acceptance to the ever changing conditions that is, our present day. Acceptance of our deteriorating economic conditions globally, is a result from deteriorating wisdom and management of global leaders. The incapable manage the capable, and that is why we have Bitcoin in the first place. We are mercifully capable of systematic improvement upon imperfect perfection. In other words, we know what wrong is, and we can improve upon wrong to make success from loss or failure. We CAN improve upon the past, without having to repeat it again. We CAN fix problems, and not stay stuck forever in them. Failure to improve upon the wrong is immature, childish, and when chosen- it's evil. The opposite of good. That is what global leadership seeks to force, to ensure chaotic enslavement reigns permanently (especially with their soon to be mandatory CBDC's- aka...the perfection of control over you). Bitcoin is a vessel to fix money and problems that have been broken since the beginning. It is financial protection from the state enslaving you further. All for one, one for all. Money as we have known it is already dead. We are in the period of transition negotiation for how it will look for the long term future. Learning more equips your voice with wisdom, never stop being a student or observer of the world you live in too.
CRYPTOCAP:BTC.DLong
by undomaturists
2
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 %
CRYPTOCAP:BTC.DLong
by vf_investment
Bitcoin Dominance - a closer lookBitcoin Dominance (BTCD) is a ratio that measures the market capitalization of bitcoin (the largest digital asset by market cap) against that of all other cryptocurrencies, or altcoins. It's a ratio calculated by taking the market cap of BTC and dividing it by the market cap of all other altcoins. And as More Altcoins are added to the "Space", so the Bitcoin Dominance Drops. As of Feb 2022, there were over 17,000 Altcoins ( Data from CoinMarketCap) and since then, an estimated 9000 more have entered, each time, BTC/d will Drop. Also, Note that near BTC ATH, This Dominance Drops as money leaves BTC and enters the ALT coins Space. The declining drops show us that "ALT SEASON"s, post BTC ATH, have been Dropping in Volume. This is most likely to the simple fact that there are now a lot of HODL in Alt's Is BTC'd Still a valid metric to use ? YES but only in a relative manner. Its % of market share will continue to drop as more ALTS enter the space ( And conversely, as Bad ALTS collapse, BTC will take it back maybe ) What Is still important to look at with BTC/D is the rise and Fall on the longer term time scales. This Will Show a longer term Trend and so hints towards new Bull runs etc Shorter term time frames can pose problems when confused with moves associated with simply being oversold / overbought However, if you look at MACD, RSI And BTC/D and see the associations between them, it is possible to pick up early signs of larger moves as Money Flows into Bitcoin from other sources. For instance, It can be very interesting to view BTC'D alongside ETH.D and OTHERS.D and see the Flow of money
CRYPTOCAP:BTC.D
by Orriginal
1
Altcoins To Correct Hard Against Bitcoin According To DominanceI suspect altcoins get brutalized during the next correction for whatever reason, but BTC stands stronger - hence what I see in the BTC dominance chart. Alts are about to face a C-wave against BTC. The bottom of wave II in BTC.D happened when Bitcoin broke above its former ATH of $20K the first time in December 2020. In January 2021, it immediately turned back toward altcoins. But when the correction ends, you want to move some BTC into altcoins because wave 5 in dominance is going to be bonkers.
CRYPTOCAP:BTC.D
by CoinChartist
2
BTC.D D2: ALTS WILL BLEED Dominance will rise to 47.5% (OUTLOOK)Why get subbed to me on Tradingview? -TOP author on TradingView -2500+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! BTC.D D2: ALTS WILL BLEED Dominance will rise to 47.5% (OUTLOOK) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: BTC .D 2daily chart review ::: chart looks good /strong ::: ACCUMULATION PROGRESS ::: do your own due dill / always ::: setup still valid as of right now ::: expecting dominance to rise to 47.5% ::: well defined range / accumulation ::: BTC looks strong mid-term ::: alt coins probably will BLEED ::: 20-30% correction due to rising dominance ::: BTC solid support near 20 000 USD ::: last week was profit taking in BTC ::: expecting new PUMPS in bitcoin ::: next few weeks ::: based on dominance chart ::: BTC BULLS should focus ::: on buying dips short-term ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BULLS RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
CRYPTOCAP:BTC.DLong
by ProjectSyndicate
51
5 Important Points About BTC.D🦍BTC.D or Bitcoin Dominance is one of the most important factors for investors to find out, if it is better to keep more Bitcoin in their bag or Altcoins. Don't forget, it's not all you need to make your decision but it's the important one! To make a decision about BTC.D, I've checked multiple parameters on weekly time-frame chart, so we dive deep into them one by one. Let's hit it. #1: Indicators (RSI and MACD) : MACD is showing a bullish divergence on the chart, that means the bearish momentum is getting weaker. It doesn't mean we're going up, but it means if any bullish power happens we can easily go up because Bears are weak now. Let's check RSI on the chart, the RSI is completely moving above a ascending trendline (Yellow line). Until we're above it, then BTC.D is good to go up. It looks like RSI is going to touch it's trendline again, if it does, I'll consider it as an important date to check my altcoins to swap with Bitcoin. #2: Consolidation channel for 1.5 year : This is a very strong and important channel for BTC.D because it has trapped BTC.D inside of it for more than 1.5 year, and many traders have used it to accumulate more BTC. How? Swap altcoins for Bitcoin in the bottom of the channel and the opposite in the top of the channel. Now that we're very close to the bottom of the channel so we have to consider swapping again, from Altcoins to Bitcoin. But be careful, you have to check each of your altcoin's chart one by one before making any decision. #3: Very strong support area (green area) : At the bottom of our consolidation channel, you can see a green area that is the strongest support area in BTC.D history. Because almost every time BTC.D had reached this level, it has forced BTC.D to move upwards. The overlap of this support area with the bottom of consolidation channel makes me seriously consider to swap most of my altcoins (with capital/risk management) with Bitcoin. SO TAKE BTC.D AROUND 40% SO SERIOUSLY. #4: BTC.D All Time Low : It is possible to have a downward fake breakout to 35.4%, because this is BTC.D ATL (all time low). It has happened before, so I'm still bullish on BTC.D unless this area is strongly broken downward. Other than that I believe we're in the BTC.D floor or at least close to it. It means, I prefer Bitcoin to Altcoin for long run as this is a weekly time-frame. #5: Comparing Bulls and Bears : I compared last two waves in the consolidation channel, greens from bottom to top and reds from top to bottom. As you can see on the chart, it took 20 candles (week) for bulls to go from bottom to top and 13 candles for bears to cove top to bottom. It means, in last two waves bears we're definitely stronger than bulls and we didn't see enough momentum in bulls. Although BTC.D is on the floor but my impression is that, BTC.D doesn't have enough momentum to break the channel upwards with one bullish wave. I think we need at least one strong correction in the middle of the road, before upward breakout. This will be my tough about breakout unless we see a super strong momentum when the bulls start pushing BTC.D. I wanted to add something else about this breakout, no matter when it happens, the target of BTC.D will be something around our green area (58%). So that date, will be a good time to check the market to swap Bitcoin for Altcoins. Well, this is my analysis on BTC.D, don't forget this is a weekly timeframe, so it is for long-term investors not short-term traders. Feel free to add up your ideas about my analysis in comment section, I do like to discuss different ideas with you guys to educate ourselves and take the best out of the market.💖
CRYPTOCAP:BTC.DLong
by ArshiaZojaji
13
📈✌BTC.D✌📉CRYPTOCAP:BTC.D Hello traders, I hope you have had a profitable week. First, I'd be happy if you take a look at my analysis this week. Bitcoin Dominance continues to test lower levels in a downtrend. The 40-39% area is very strong support for Dominance. In case of severe fall, Dominance can reach levels lower than 39%. Otherwise, Dominance could slightly touch the upper 40% area and then prepare for a stronger downtrend. Please share ideas and leave a comment, let me know what's your idea. CrazyS
CRYPTOCAP:BTC.D
by CrazyS
1