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Btc-dominance

BTC DOMINANCE | BITCOIN | ALTCOINS: THE RELATION.Hello guys, this is the BTC dominance update in 2 days timeframe. Things are taking quite an interesting turn in the market. I am not completely sure yet but comparing the BTC dominance with Bitcoin and other altcoins, looks like some big move is about to come. Let's compare the dominance and BTC chart side-by-side. Bitcoin: In my recent BTC update, BTC is holding the $28k support level and it is trying to bounce back. The RSI is at the oversold area and most likely it's gonna rally higher. BTC Dominance: We saw BTC.D making greens for the last couple of weeks breaking out of the upper trendline and also close to hitting the resistance level. The RSI on the other hand has crossed the 70 level which shows a clear sign of rejection. What I am understanding from the current scenario is BTC is trying to make a bullish rally and the BTC dominance is possibly getting rejected. According to the experts, whenever the BTC.D gets down and BTC goes up, the altcoins go up quicker. Is that possible in the current phase? Are we going to see a bullish rally or is it just a trap? Well, I am not sure enough to confirm it. Like I said many traders including me are assuming this to be a bear market but nobody knows exactly and no one can be deadly accurate at this. It is all a probability. As of now, for this chart, my invalidation point will be 47% resistance level. If the BTC.D breaks above this then all these assumptions will go to nothing. What do you think about this? Do share your ideas and correct me if I am wrong. I'll see you in my next update. Thank you.
CRYPTOCAP:BTC.DShort
by Dexter_The_Trader
9
Bitcoin Daily Analysis UpdateAccording to the last Bitcoin analysis, the price does not follow any specific trend. BTC is in a frustrating trading range for 3 weeks and just doing Accumulation for the next movement. because of the weekend, there is no clear decision for buyers or sellers. I think we should wait until Monday to see powerful movement with high volume. Use stop loss in all your trades. The market is bearish clearly. Permanent support is 27000$ -29500$ and minor resistance is about 30500$ -31500 $ Area. This analysis will be updated.
by Trader_Needs
#BTC.DOMINANCE 1DAY UPDATE !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends. I have tried my best to get the best possible results in this chart. Hello, dear traders welcome to this BTC.DOMINANCE 1DAY chart analysis. Dominance is getting rejection by the resistance. The reason we see some green in many Alts across the market. ALT/ BTC Pairs are likely to continue the rally unless broken upside. The trend for alts looks strong for now but keep in mind this will only stay this way as long as BTC holds the $28k level. That is the key level we need to keep an eye on. Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits. Sorry for my English it is not my native language. Thanks.
CRYPTOCAP:BTC.D
by CryptoSanders9563
Bitcoin Dominance - dictating alt bear marketBitcoins dominance can be used to help understand the market cycles and the mechanisms of money flow that happens within a cycle Last bear market Bitcoin made a reclamation move of 77% on Bitcoin dominance. This bear market the clear target is a 20% reclamation move of dominance. What does this mean? The ascendency of Bitcoin dominance is the indicator of a bear market for alt coins. As VC interests continuously dump for profit from vesting schedules into a market lacking retail interest the alts will get cannibilised by sell pressure as Bitcoin reclaims it's value from the market. The move has already started and I am a firm believer tha alt coins "in general" are going to get decimated over the coming year. However there will always be stand out performers etc
CRYPTOCAP:BTC.D
by JBHodler
ALTCOINS WILL BE DESTORYED EVEN MORE?This is another renko charts. This time it's btc.d (dominance of btc) with 0.5% block size on the 1d. We can observe something similar to a falling wedge pattern with clear bullish divergence on RSI. Since start of 2022 we saw a decent correction in btc pairs but still a lot altcoins looks alive. ETH/BTC pair for exemlpe. For now the dominance is slowly rising and it needs to raise up to 45% just to test the upper line. Will there be a break out? We don't know yet, but bullish divergence is telling us, that it's getting ready for something. So are we going to witness altcoins meltdown?
CRYPTOCAP:BTC.DLong
by FallingWedge
6
Thoughts on BTC.D - Altseason coming?Historically the DSO & RSI combo is a great tool for spotting potential trend reversals. I find it to be most accurate on the $BTC.D chart when looking at the 3D. I find that: - When ever the RSI and DSO meet above 80 % the trend seems to turn to the downside. - When ever the RSI and DSO meet below 20 % the trend seems to turn to the upside. Current situation: DSO is right now at 99 % and the RSI just crossed the 90 % level. I would not be shocked to see BTC.D go to 49-49.5 %, but then we could see a shift in the trend as explained above. Let Me hear your thoughts, please :)
CRYPTOCAP:BTC.DShort
by FourApplesADay
2
📈BTC.D: money flows into BITCOIN!Hi friends! 📈The Bitcoin dominance is growing as we see on the chart. It always happening when BTC falls by 40-60% from it`s ATH. But why does it happen? Let's get to the bottom of this! Actually, Dominance shows us where the traders keep their money. If Bitcoin dominance fall that means money flows into ALTs. If Bitcoin dominance grow money from altcoins flow into Bitcoin. 💹🚩But why it happen when Bitcoin fall? It depends on psychology of the BTC and ALTs hodlers and traders. Altcoin traders and holders are mostly retail. What is their main characteristic? The lack of a trading plan, which when Bitcoin is fall by 60% and Altcoins down by 90% forces them to sell all their crypto. Meanwhile, Bitcoin's holders are large funds, global companies, and countries. At times like this, they have an opportunity to buy (liquidity) of $1-2 billion and they are happy to do so. Number of BTC buyers and ALTs sellers are growing. So the dominance is growing too. 🚩As expected, Domination has broken through the trend line and is on its way to the main target - 50%. ✅Stay tuned for updates so you don't miss the moment when altcoins start to rise. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
CRYPTOCAP:BTC.D
by Yuriy_Bishko
4
BTC Daily Analysis(Update). Bull or Bear?$BTC VIP Analysis May 22, 2022 -------------------- BIAS: Mid-Term: Neutral Short-Term: Bullish -------------------- Once again at the top of our short term range, BTC is looking like it could see stronger upside movement in the next couple of days if the bulls manage to hold on to their current momentum and strength. Also the most volume is at the weekly OB+ With a clean break and close above $31,600 (which is currently our most important mid term resistance level, we’ll confirm a move towards at least $36,000 from where we would either see a rejection or an even stronger breakout. Up Probability: 58% - Down: 42% -------------------- MAIN INTEREST LEVELS ⬇️SHORT⬇️ $36,119 ⬆️LONG⬆️ $26,613 PREDICTED DAILY RANGE $26,812- $33,318 --------------------
COINBASE:BTCUSDLong
by Trader_Needs
Bitcoin dominance BTC.D #TheCryptoCityI see BTC dominance decreasing in the daily timeframe it can take a little bounce from support and go further down to fil FVG (fair value gap), order block and there is also a POC. You can see on the chart clearly RSI is oversold. It is possible after a retest at 44.46% BTC.D will move upwards to the next resistance at 45.72%. This will bleed BTC and ALTs prices. I have marked the BTC dominance area at 41.90%, if BTC.D reaches this level this is good for BTC and ALTs. This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE. So let's see how the market reacts in the coming days. This chart is likely to help you in making better trade decisions if it did consider upvoting this chart. I would also love to know your charts and views in the comment section. I am not a market maker I could be wrong. Everything is on the chart. Thank you
CRYPTOCAP:BTC.DShort
by TheCryptoCity
BTC/USDT BinanceBTC/USDT Binance 4H hollow candlesticks A downtrend parallel channel has formed since the 21st of April. Also, a Falling Wedge has clearly formed. Support and Resistance main areas are shown. A bar pattern repetition shows a possible price movement for the next days. Volume increasing. Multiple Support & Resistance levels shown as horizontal lines. If the price breaks out of the downtrend parallel channel will hit 37000K. As if the price goes out of the Falling Wedge, we might see a wick at 34000K, then also a new TA is needed. BTC = $37,796.42 -2.10% = 13.80 ETH +0.81% Dominance: BTC: 42.3% ETH: 19.5% Market Cap: $1,697,329,973,825 24h Vol: $81,975,886,708 Good Luck #CryptoHellas Team
by CryptoHellas
BTC.Dominace : The destroyer of altcoins in May take a look at the BTC .D chart to understand what is happening with the market. We see that btc .d is on a very strong recovery trend, looking at the monthly frame, it is certain that this month altcoins will drop very strongly, if there is a recovery, it will be next month before we see altcoins have a temporary recovery. Then the market goes sideways for a while Conclusion: - this month only soup for sale. At the beginning of June, we started to buy gradually to catch the market's recovery - we can wait to buy BTC at 18k and 9k
CRYPTOCAP:BTC.DLong
by volvo435
2
Altcoins Alert ( Bitcoin Dominance Chart Update )Altcoins Alert #Bitcoin Dominance Update:- - I told You #Alts session will be Danger So all #Altcoins Dumped 30-40% down ( Told you when Dominance was 41.50% ) - now again Dumping because Dominance Increasing - If Dominance below 45% Then Big Altcoins sessions coming soon but Keep in mind only below 45% level. if break Upward then Very dangerous for Altcoins. - But Above 45% Exit from #Alts Now Dominance is trading at 44.80% and If breaks upward then best time to exit from altcoins. I am Expecting rejection from here and we can see some altcoins sessions. But if break 45% then Don't be greedy. Very bearish altcoins above 45% dominance.
CRYPTOCAP:BTC.DShort
by CryptoPatel
BITCOIN.DOMINANCE DAILY UPDATE BY CRYPTOSANDERS Hello, community members welcome you all to this market cap BTC.D 1D chart analysis. As we can see from the above-mentioned chart that BTC.D war trading inside the parallel Chanel pattern. Currently, BTC.D faces the upper trend line which is also a resistance level that BTC.D following for the last 355days. Now here I am expecting a rejection from the resistance level and it will dump towards the middle trend line. Which will be the green signal for BTC in the upcoming days This is not a piece of financial advice. Sorry for my English it is not my native language. If you like it, hit the like button and share your charts in the comments section. thank you..
CRYPTOCAP:BTC.D
by CryptoSanders9563
2