Btcdom
BTC.BTC.D,ETH, VET, LINK, ADA, THETA (Y21.P2.Video9).Hi Traders,
Another video of my thoughts around BTC, BTC dominance and its relationship with the Alts.
Note: At the end, i ran out of time to cover all the ones I would have liked.
Following ALTS were covered, in order
BTC
> BTC Dominance
> CME GAP
ETH
ADA
NEO
SXP
HOT or HOLO
KIN
THETA
VET
LINK
EGLD
All the best,
S.SAri
BTC.D : Good news for ALTS CRYPTOCAP:BTC.D
Hello everyone 😃
BTC.D is at pressure zone.
This zone will holds BTC.D for couple of days !
This will make space for ALTS to fly...
BTC.D will being uncertainty in this zone.
📌 Also ACC is slightly bearish ( Kinda neutral ).
It's a good time to buy ALTS such as :
TOMO , BAND , LINK , XTZ , SXP , AVAX , DOT , ETC , EOS and SRM.
🔴 Or it could be a pullback zone for BTC.D :)*
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Bitcoin Dominance: Will the Alt Season continue?Looking at the chart on the 18th of December 2017 we see the start of of a bearish close on the BTC .D.
At this point we seen many alt-coins continue to grow massively in value against BTC starting one of the most parabolic bull markets we have ever seen.
It is important to note that as of today the BTC .D is now pushing through that level once again, if it can stay below this area it will be a positive sign for Altcoins. Below i will give a brief explainer on Bitcoin Dominance.
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What is Bitcoin Dominance? (BTC.D)
Bitcoin Dominance measures the total % of the Market Share that Bitcoin control of the Cryptocurrency Market.
As you can see BTC.D is currently hovering just under 60%, which means 60% of all the money inside the Cryptocurrency Markets is currently in Bitcoin. If we start to drop lower then 60%, this can give us a potential clue that more and more money is flowing out of Bitcoin & into other Cryptocurrencies!
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By observing the Bitcoin Dominance, as a general rule:
When BTC Dominance rises, that means money is flooding out of alt-coins and into Bitcoin , usually in highly volatile times.
When BTC Dominance consolidates it is a possible sign that money is moving is flowing between the alt-coin and Bitcoin markets and this is the best time for you to be trading alt-coins as-well as after the BTC .D has a major sell off (signifies that money is flowing into other Markets).
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Example of Inverse Correlation with Altcoins:
For comparison i have attached a chart of XRP & ADA two popular altcoins, so you can see at the same time Bitcoin Dominance was starting to drop, (November 1st 2017) many altcoins started massive bull trends at the point of the BTC .D Sell off.
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Thank You For Reading
If you enjoyed the insights you can show your support by commenting & liking - below i have linked another idea for reference!
ETH / BTC Long: BTC Dominance Weekly Flipped = ETH / BTC WeeklyWhatever Bitcoin Dominance does, Ethereum will do the exact opposite, proven over time. At the top is Bitcoin Dominance weekly chart, flipped upside down. Below is ETH / BTC weekly chart, normal.
Should BTC Dominance break down here and complete its head and shoulders pattern, Ethereum / Bitcoin pair will complete its HSi and move up dramatically in the same way BTC.D moves down.
I'm bullish on ETH vs BTC, I think we'll reach at least a ratio of 0.05-0.06 BTC per ETH, with a possibility to re-visit our previous all-time high and potentially break through to 0.2.
BTC.D Critical TerritoryThe Bitcoin Dominance hit the weekly support from the rising uptrend.
For the 1st scenario a reversal is going on right now. (higher probability)
For the 2nd scenario , a break to the downside will led to a massive Alt-season. (Lower probability)
P.S. I would like to hear your toughs in the comments below, Thanks.
BTC.D - Bitcoin Dominance returning to previous bottomBitcoin dominance is nearly at a free-fall. Meanwhile TOTAL 2 Marketcap (the total altcoin marketcap without btc) is at its previous all-time high. We may see a very nice rise in altcoins here for some time, especially should BTC Dominance confirm the expected head and shoulders pattern. I think this is likely having exited its channel strongly with a poor attempt at re-testing a re-entry near the bottom of that channel. Though a 2nd re-test is possible.
On the other hand, this may also mean we that are nearing the end of our bull run (within months).
Bitcoin Dominance and Altcoin Team Beta : ie. altseason or what?Bitcoin Dominance and Altcoin Team Beta : ie. altseason or what?
We gonna get this altseason or what? This weird ass fractal that I took from the very start of BTC/Altcoin's relationship. Stretched it and walla.
Would be great if this plays out. Also makes some sense I thought.
Go team Beta!
ETH.BTC vs BTC dominance TA. Backed by facts version2Hi All,
This is a continuation of the previous post, so far accurately mapped. Link below
We are now at a pivot point and it might give the ALTS a chance to rally however I am not confident how to play this because if BTC break this level of resistance, we will see volatility
which will give BTC the advantage in the short term.
So I see BTC domnance still go more higher and the chart shows that we have something of the nature of an inverse H and S structure.
Looking at BTC, if its to pullback, I'm looking towards range of 23.5 K to 24.5K pullback somewhere in January.
All the best,
S.SAri
BTC DOMINANCE: NOTE THE WICKS
PREVIOUS POST
BTC DOMINANCEBTC Dominance Weekly chart analysis
Pure C&H pattern (rocket bullish pattern)
Now btc dominance faces multiple resistances :
c&h neckline resistance
Horizontal resistance
Trendline resistance
200 EMA dynamic resistance
If btc managed to break this point
Btc will rocket moon more than any one will expect
Alts will bleeding more specially satoshi coins
That's why in last days i share only tether coins signals
I hope dominance not breakout up more
In hope alts can have breath to grow
🚨 Please take care of your active trades
And be ready for everything at this senstive area
Good luck 🤞
IMPORTANT UPDATE on BTC.DThere are times you need to update your hypothesis and think about different scenarios , this is one of them.
As previously mentioned, I was expecting BTC dominance to move in a downward megaphone, but it seems and feels like another potential scenario could be that BTC Dominance is targeting
76-77 rang at the top of an ascending wedge.
This will also allow BTC dominance to close the gap at 74 Level.
This might also point to a higher BTC price before alt season starts.
BTC dominance (Y20.P5.E3).MACRO. Upward pressureHi All,
The timing is interesting about BTC dominance when its reaching the ATH for this year.
The pressure is upwards and it can only be attributed to 2 things, a breakout of a new high or a strong rejection.
I'm worried about the double top scenario however the macd and rsi gives the impression in the short time period, that there is more room to the upside.
With the initial upwards trajectory of BTC dominance, I still see more sideway ranging at this level between support and resistance
12 HRLY chart, note the macd, to me, all seems strong to the upside
My green box has a number of confluences of resistance so its hard to know.
Lets hope it can hold this level for a day at least.
All the best,
S.SAri
2Day chart, note how each fib level played support.
BTC dominance (Y20.P5.E2).Big move comingHi All,
We are coming to an area with many reasons for a bounce, if not a reversal (not yet as downward pressure on the daily is still there).
I see many posting that suggest that this formation is bearish, but I see it a big continuation pattern based on corrective waves.
I have the ABCDE count and E being in the range between 0.382 to 0.618 fib level (orange box area).
If it is to go below this, then I got my count incorrect.
Here is the 2 scenarios:
1) Alts keep rising and hit their target, whereby BTC drops hard towards $14 to $16K.
2) Alts keep rising and hit their target, whereby BTC breaks the $18740 resistance and makes another big pump.
The last time the ALTS hit their peak and target, BTC was in a ranging price where it eventually dropped nearly $2K, from $12.5K to $9800.
My guess, the funds were taken away from BTC and into the ALTs.
Which scenario would you favour based on what you see?
If BTC remains above 18740 for over 4 to 8 hrs, then I would lean towards an upward break.
A daily candle closing above this price will seal it I think.
If BTC drops below 18250, it opens the door to the downward trajectory.
I would be cautious at these times.
NOTE: When bitcoin found its bottom and started moving up, LINK and many of the alts kept dropping.
All the best,
Regards,
S.Sari
Look at the daily MACD
Left Link, Right BTC:
NOTE: When bitcoin found its bottom and started moving up, LINK and many of the alts kept dropping.
Which maximalist are you ?1 Orange coin vs Altseason
Today on coinguekcko
Coins: 6019
Exchanges: 408
Market Cap: $449,813,748,595
24h Vol: $79,452,890,716
Dominance:
BTC 64.5%
ETH 10.9%
USDT 3.78%
CoinmarketCap:
Coins: 7 597
Market: 32 255
MarketCap: €374 494 098 803
Vol 24h: €164 455 142 889
Dominance BTC: 64.3%