🔻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.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Btc-dominance
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.
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/USDT 2Hr UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BTC 6Hr UPDATE !
As I told in the previous update, you can read further in BTC's it is going on
As we can see at the above mentioned chart after a sharp rejection from upper resistance trend line BTC moved to south by 3% and again able to recover towards north and currently facing the resistance level again.
As BTC is suffering to break above which is the most necessary rally above.
Break above will lead BTC towards its upper price level of $25k and rejection will again lead it to drop towards lower support levels.
Let’s see how price perfumes in upcoming hours.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
BTC.D Testing Key support levelThis graph shows 1/Total Crypto Market Cap(excluding BTC).
Currently we are seeing general uncertainty in the most volatile market. It may be a better idea to hedge your positions with spreads . In other words, if you are bullish due to fundamental analysis factor on ETH or any other altcoin, you may place a long with your alt and a BTC short .
- Same goes for otherway around (BTC long, shitcoin short)
- This idea is based on the assumption that Cryptocurrencies move in the same direction
BTC.D - Bullish Retest & Bounce Incoming?With BTC strength reducing as it hits resistance at the top of the bear channel , we also have potential confluence with BTC .D potentially about to do a bullish retest and bounce from the macro falling wedge it broke out of early in the Spring .
Naturally a retest and bounce points to another batch of selling off for BTC and crypto as a whole.
Any thoughts on how this idea could fail?
BTCUSD:Long Term View 2022/2023Hi TV's Fellas!
This is my current view for #BTCUSD on the long term:
Despite Btc has formed a potential bottom/support around 19/20K area, the real market bottom has not been reached yet.
As you can see there are still two weekly gaps(green lines) which needs to be filled before the Big Bull Run will starts again.Also, according with #BTC.D there is still a massive gap around 40 which must be filled before the crypto King will be able to take back his dominance in the crypto market.
Lastly, Total Market Cap has a gap to be filled around 680/700B and that's main reason why I can see BTC but especially majors ALT Coins reaching certain low gaps before the Big Rise.
In the next weeks I am expecting Btc to reach 29/30K before the next drop, as everyone knows massive liquidity is always needed into a market to complete important moves, despite the trend itself.
Also,for some reasons, I do expect Bitcoin forming a double bottom around 7,5/7,8k(last gap, marked with a green line) before ATH's being retested...but for know only time will tell us!
If you have any comment or idea to share please write them in the comments below, and thank you very much for reading! :)
Scenario - Nasdaq, BTC, AltsAs there is still a large correlation between BTC and Nasdaq, we can hypothesize this scenario:
Double low for the Nasdaq, which sees an upward rebound before its achievement, at the same time BTC would also recover, fluctuating up to a threshold (approximately) of 45K and then creating a double low of 32K (January low). Also the Dominance has reached the 50% retracement level, I expect a descent of this, therefore, a flourishing period of the altcoins.
This analysis is a medium-term hypothesis, it will be explored in detail later.
Take a step back and look at the big pictureBitcoin just confirmed the 200 Weekly MA as resistance. This doesn’t confirm that Bitcoin is going lower but it is a strong indicator. Combine this with the Bitcoin dominance chart on the longer timeframes, it’s looking more and more likely that the pain isn’t over. In the short timeframes it’s easy to be convinced that Bitcoin dominance is still range bound and may break upward very similarly to the last bear market. The formation is smaller but looks to be an inverted head and shoulders pattern. Also not promising is the TVC:DXY making higher highs and just confirmed a new support. Draw your own conclusions but this looks bearish to me in the short and midterm.
💪 BITCOIN DOMINANCE Update 📈Jul 21 , 2022📉HEY traders, what's going on today ?! 😉
Let get started to reanalyze the bitcoin dominance!
In the last analysis that I had for BTC .D, I expected more increase for Bitcoin dominance , but it returned back exactly at VG zone and according to my downward scenario.
today as we can see it already has reached the major support zone, and can start to rise over here , and as you know recently bitcoin's price has jumped while its dominance almost hasn't have any significant increscent , so if bitcoin want to maintain its current uptrend movement , its dominance should increase gradually in the next weeks , but otherwise the current growth isn't really reliable and can causes btc to fall again and see the lower prices . if the btc.d loses the current support zone the situation gets worse and can see prior lows again .
✌️ 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.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯