BTC.DWas above the 55 ema for around 9 days and altcoins took a beating, for the passed 3 days we have been below the 55 EMA which is great for altcoins!
Btcd
Btc going to 70 k Btc is in a rAng for 7 day later
Btc going to ath ofcourse very hard
Btc.D going to 55-60
Dominance at no trade zone, Use stop lossBitcoin Dominance Update:
Bitcoin dominance is rejecting from the resistance level again. If BTC dominance breaks the resistance level of 48.3% we see more dump in alts and dominance will go towards 50% levels. The support is near the 45% area and if BTC stable for a week we will see some relief rally in alts.
Don't open many alt long positions as the dominance can go either side. Manage your risk and must have some USDT and BTC in your portfolio. Don't go all-in into alts.
BTC.D market updateHello, Traders!
After falling steeply during March-May this year, there has been a rebound in the BTC dominance chart.
The pattern in the market remains as follows: when Bitcoin's price drops, altcoins lose more value than Bitcoin, and when it rises, altcoins lag significantly behind. This shows us that Index (Bitcoin) is stronger than other assets in the market. This dynamic causes the BTC's dominance to increase.
At the moment, the price value on the dominance chart is in the range of 46.05 - 50.12
As can be seen from the past, this range served as a reversal zone in 2017-2018.
Altcoins have lost between 75% and 90% from their highs so if the current trend continues, we could see an exit to 50.12 on the dominance chart after which the market will reverse.
Good luck and watch out for the market!
Adam Eve Pattern on BTC.D?Looks like an Adam and Eve forming on the BTC.D chart ready to break lower.
Time will tell...
Not trading advice.
$BTCDOM/USDT 30m (Binance Futures) Ascending channel breakdown#BitcoinDominance broke-down locally and is likely to retrace in the coming days.
50MA seems to be acting as resistance now, that would be a good thing for altcoins relief!
Current Price= 1113.8
Sell Entry = 1116.2 - 1128.8
Take Profit= 1073.0 | 1025.2 | 992.5
Stop Loss= 1162.2
Risk/Reward= 1:1.25 | 1:2.45 | 1:3.27
Expected Profit= +17.64% | +34.68% | +46.32%
Possible Loss= -14.16%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 5 days
Alts recoveryExpect BTC.D to hit a wall around 50% to give a chance for Alts to recover from here... this is conditional of course that BTC can climb up above the 36k and hold its position above the triangle that it has violated twice with a break up takeout then a break down takeout.
Bitcoin Dominance Update - BTC.D Projections & Possible PathsWe've moved back up to the red box as expected. I still believe we'll see more correction up, either towards the top of the red box, or possibly even a re-test of the neckline. More likely the former.
Projections & potential paths towards them on the chart.
Previous BTC.D predictions from the same chart and other related ideas linked below.
BTC.D to 49#BTCD
another increase in BTC dominance to 49, can make $BTC reach $29K and maybe $27k (as Robert Kiyosaki said), this price will be our last chance to buy BTC cheap.
so don't miss that.
then BTC dominance can fall that will be great for alts again.
BTC.D downwards pressureRecently the upwards impulses from BTC .D have been met with ever increasing downwards momemtum resulting in a slumping action. This is usually a typical bearish indication of reduced momentum. I suspect BTC will start losing dominance to alts once it reaches the strong resistance zone indicated by the white box. Take this into consideration when placing long positions in assets. We could potentially see BTC .D fall to the lower zone of interest indicated by the red arrow.
This movement is supported by TA such as fib levels, stoch and other various trend indicators.
In terms of FA, the picture is more blurry, lots of talk of an SPX crash may impact this movement and abrupt changes in the price of GOLD also - be on your feet.
Will keep this idea updated.
When To Buy Alt Coins.... Total Crypto Market Cap Excluding BTCHere is a chart showing when to buy Alts. The rotation looks to stop sometime between September and October.
BTC.D - Is the Alt Season Over?Bitcoin Dominance is Increasing. This statement is echoing in the crypto space now. But what is it and is the Alt Season Over?
Bitcoin Dominance is the relative market capitalization, i.e. comparing the total supply of circulating tokens multiplied by the current price against the price of fifteen cryptocurrencies.
What is Alt Season?
If 75% of the Top 50 coins performed better than Bitcoin over the last season (90 days) it is Altcoin Season.
Is it an Altcoin Month?
If 75% of the Top 50 coins performed better than Bitcoin over the last 30 days it is Altcoin Month.
In the above chart three (3) things can be clearly identified:
1. BTC Dominance is Increasing.
2. BTC Volumes are Decreasing
3. Inverse Price Action against ETH and LTC (strong correlation!!)
What can we extrapolate?
If, the BTC Dominance keeps increasing the prices of AltCoins will follow a downward trajectory.
What can impact Bitcoin Dominance?
BTC volumes need to hike up for BTC to decrease.
Is the Alt Season Over?
NO, we are still in Alt Season.
It is Altcoin Month?
NO, it's BTC month.
Altcoins are losing the battle but, in the end, they will Win the War!!
Keeping a close eye on BTC volumes is imperative. The moment we see a breakout in volumes from the average trend line BTC.D will start to decline.
Do share your comments, feedback, and opinion.
Bitcoin Dominance Update - BTC.D goes Back Up Before DownI think we're likely headed back up towards the red box, possibly 53%, and possibly even a massive run back up to the HS neckline where we began the big drop.
If at any of those points we turn back down - we finish correcting up and head back down to finish its our return to its previous bottom @ ~36.39%
BTC.D - Long way to shake off the crowdBTC.D - Long way to shake off the crowd
Step 1: Short to 41 - A few day ALT pump
Step 2: Long from 41 to 44.5 (About 14 - 16/06/2021)
BTC.D broke out resistance#BTCD
#BTC dominance also shows that is inside a descending parallel channel, that broke out from descending support and will go up toward the middle line of parallel channel.
and if to success break this resistance too, so it will try to reach the upper line around 45.
BTC Dominance - Bottoming Out?This will take a few more days to play out, but It looks like BTC dominance is forming an Adam and Eve bottoming/reversal pattern.
See previous idea for higher level view:
