BTC.D approaching resistanceWedge's target is at a major resistance confluence - could push a bit higher, but we should see a correction entering soon
Btc-dominance
Dominance's relationship with Bitcoin and other currenciesHello traders
. In this post, I have explained the relationship between Domains and Bitcoin and other currencies
.According to this table, you can make the right decisions in trading
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BTC.D:UPDATE:TARGET REACHEDHello
.Update analysis:
, based on the previous analysis, we expected a correction. According to the rule of LEG1=LEG2, index reached the specified target. It is now in the support zone and we are waiting for its reaction
.In the next post, I will explain the relationship between Dominance and Bitcoin
..You can view and compare the attached chart and analysis
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Bitcoin dominance on bullish descending wedgeDominance is about to break the wedge.
There is also a bullish divergence in the DMI indicator signaling an upward reversal.
A potential double bottom may be forming for btc dominanceWe are seeing a big green candle on the 1 day chart (not shown here) right now on btc dominance. It is suggesting that perhaps the bottom is in for btc dominance. We also happen to have bullish confluence for this scenario because even though the current bottom is slightly lower than the previous which create a slight downward slant to the double bottom pattern….when we take that downward slanted trendline, clone it and then move it up to where the neckline of the double bottom would be, it creates a perfect parallel channel which only adds credence to this begin a valid double bottom -and- a valid channel at the same time. Of course you can’t assume a double bottom is going to play out until a breakout is confirmed, and with price action still near the bottom of the pattern and nowhere near retesting its neckline yet there’s no guarantee this pattern will play out. Worth keeping an eye on for sure though which is why I am posting this idea. I chose to post the weekly version of the chart instead of the daily because it seems more valid as a weekly pattern and there is also less noise making it easier to see the pattern. *not financial advice*
ETH BULL MARKET ?? REALLYDear traders: We are watching ETHUSDT throughout the current trading session for a selling opportunity around the 1900 zone; whenever we obtain any bearish confirmation, the trade will be executed.
BTC.D | We expect Bitcoin Dominance to support at the bottom of channel 39. If the bottom of the channel breaks, its next support can be the static level of 35. In case of loss of Bitcoin Dominance support, we expect the growth of some alts.
This is a technical analysis, not a buy or sell recommendation.
BTC LONG TIME ? macd
and deepCarb
thats risky please with risk M
see the another chart for angles and time analysis
BTC.Dominance about to explodeBTC just needs a little trigger to explode - here the dominance is holding pretty tight of the wedge, but that one is coming to an end aswell.
SPX is getting bullish so we need to monitor this.
BITCOIN DOMINANCE AT MAJOR SUPPORT! BE CAREFUL WITH YOUR ALT BAGHello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Bitcoin Dominance update. Those who don't know, BTC.D works inversely with Altcoins. It means when BTC.D dumps, Alts will pump and when BTC.D pumps, Alts will bleed.
Now let's get to the chart.
Currently, Bitcoin dominance trading below 40 and it is at the major support level in the weekly time frame. Every time dominance comes at this level we have seen a pump and bloodbath in Altcoins.
BTC.D goes below 39.30 level only one time which happens in 2018. This 39-40 range is a very strong support so we see a bounce from here and if it bounce then be ready to see huge dump in Alts.
It's better to stay cautious now.
Invalidation:- Weekly close below 39.30 level.
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BTC DominanceBTC.D will continue going down Targeting 36.5% and if it breaks in the next couple if weeks we may even see lower levels exp 27.6% for the first time.
BTC.D: Will Bitcoin Dominance Rise Again?As we can see on the chart, since May 2021, BTC dominance has fluctuated between 39% - 48%.
BTC dominance is now at the support zone again with bullish divergence building up on the daily time frame.
Based on what I'm seeing, I think there is a good chance that it could bounce off of this zone, although if Ethereum continues to lead the market then the support zone can break down.
Total market cap following the planIt's fun to go back to chart I haven't seen in months and see that my TA has played out like I thought. Here you can see the first trendline I drawed on this chart (in yellow) and then at the retest I saw the H&S.
By book the retracement should end around 360Bil USDT but I think this will stop around 550Bil USDT (cyan dashed line).
Here you can see TOTAL2 (w/o BTC market cap) and TOTAL3 (w/o BTC and ETH market cap) on which I had a channels which broke down.
Eventually there'll be a time to buy heavy but I don't think this is the time yet.
Keep up and short what you can!
Wen Alts Szn?two possible scenarios here for alts dominance. either we flip multi months range high then full send of nuke to mid range to accumulate for next bull market. Don't be btc nor eth maxi if we reach mid or flip the high. asking for your grandchildren wealth.
🔻BTC.D ,🔻USDT.D & 💹OTHERS.D (UPDATE)❓❕HEY crypto community, what's going on today ❓❕‼️😉
since Jul 21 ,that I posted last update for BITCOIN dominance , OTHERS dominance and TETHER dominance , as I expected ,these indices has been slightly continuing previous trends !
Also as I told you guys , while the dominance of both BTC and tether decreased But others.d increased and at same time we an wait for more growth for altcoin , and we've seen that bitcoin and altcoins prices has slightly raised recently .
So in my opinion it means that at least a short-time Altcoin-party is still expected , .
when the bitcoin dominance is still significantly bigger than others . ( Usdt.d - Others.d - Eth.d..) BTC.D AND Bitcoin price is determinant for the next possible movement of crypto market !
technical point of view:
-bitcoin dominance(BTC.D) has recently lost a major Pivot zone and treding under POC lines(Power of Control) . so in this case if it not be able to return back soon above this pivot zone immediately . it can easily drop on the lower support line .
- also as I expected for Tether dominance(USDT.D) it has been declining til now, recently ceased at a dynamic support line , so may it has a rejection and can form a H&S pattern that can fall again in this case , but anyway if loses the current support it will easily fall on the lower support zone .
- Also for Others Dominance: as we see its already trading above a major pivot zone , and meanwhile BTC.D and UST.D is decreasing it can continue its uptrend and tests the higher resistance zone just if it be able to maintain the current pivot zone.
conclusion:
According to above chart , if the current scenarios for dominances continue , Whether bitcoin price goes more up or even goes sideway its a good situation to long altcoins. btw in this situation if bitcoin even goes down ,then altcoins can go sideway!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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Fast Drop incoming
I am going to present some fundamental factors updates to understand my bearish ideas.
Updates:
USD looking bullish yet again!
UK true inflation reports to be higher than expected inflation. General worries about Uk Inflation to jump to 18%
www.bbc.co.uk
Further war escalation:
- Russia urging public to fight
- NATO expansion
- US & Taiwan conflicts
For Alt traders:
BTC Dominance no Longer Dominantonly a matter of time before Bitcoin Dominance ( BTC.D ) takes a nose dive IMO, which would mean #altcoins szn and #nfts szn.
$ETH merger could be the catalyst to get this started (mid-September).
sometime within the next year would be my prediction this happens.
1st target for #BTC.D would be down to ~20%.
Run it back CURBO
-@CryptoCurb
BTC.D+Stablecoin DominanceI think the days of just looking at BTC dominance are nearing its' end now that we have more stable (generally) crypto options to "cash out" to. Before USDT/USDC, bitcoin was the safest to cash out to. I calculated dominance of top 50 overall market cap stablecoins BUSD, USDC, USDT and DAI and then added BTC.D. This way we can paint a picture of overall market risk on vs off, removing the impact trading between BTC and stablecoins has on BTC.D alone.
Equation plugged into TradingView: BTC.D+(GLASSNODE:BUSD_MARKETCAP+GLASSNODE:USDT_MARKETCAP+GLASSNODE:USDC_MARKETCAP+CRYPTOCAP:DAI)/CRYPTOCAP:TOTAL*100
Any comments, questions/concerns are more than welcome!
Bitcoin dominance defined in JanuaryBitcoin dominance defines the market capitalization of BTC versus the total crypto market capitalization.
When the dominance of BTC goes up, it means that the price of BTC performs better than altcoins.
Otherwise, when it goes down, altcoins perform better.
According to vertical lines, January is a definition month.
The red lines indicate when there has been a decline in dominance, and the green lines when there has been a rise.
In the last month of January, we have an indication of a rise.
The question is whether in January 2023 dominance will continue to rise or decline.
#BTC $BTC This is our Technical Analysis on #Bitcoin Weekly!
In Weekly TF BTC is on Ranging/Flat Market
Give attention to strong levels when price reach there!
Bitcoin Dominance Chart Update ( Altcoins Soon Big Dump ..?)#Bitcoin Dominance Detailed Technical Analysis :-
$BTC dominance currently trading around 40.66%
Which is very Bottom area of dominance.
39.60% Level is Strong support level.
If Bounce from this Level then Best Strategy is Exit From Altcoins.
$BTC Pairs Will dump hard if Dominance Increased and If BTC pairs Dump then USDT pairs also Dump.
Now..?
I am exiting Some Altcoins in Huge Profit which I bought at Bottom.
Strong support:- 39.50%
Resistance:- 48%
I will Update more time to time.
Thank you.
Btc.d big cheat for crypto tradersHello if btc.d is bulish and market is bullish you should open long for btc or which altcoins chart to btc is bullish.
If btc.d is bullish and market is bearish you should open short for altcoins.
If btc.d is bearish and market is bullish you should open long for altcoins.
If btc.d is bearish and market is bearish you should open short for btc or which altcoins chart to btc is bearish.
BTC.D altcoins look stronger on weeksAbout BTC.D last years we saw that all crypto bull-runs were from BTC started first, and after 3-5 weeks another alts growing, now I see fully mirrored, I include a 20-weeks chanel, seems alts will growing twice faster (if we starting a correction)
