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Dominancebtc

BTC.D : important levelhi all ,Bitcoin Dominance is now at the support of 40% area. There is also a downtrend line which is working as a resistance on daily time frame. Now there are two possible cases: The first case is Bitcoin dominance break 40% support level and go down. In this case we will see good rally in altcoins. The second case is Bitcoin dominance bounce from 40% support and form a double bottom pattern. Dominance will then head towards 50% resistance area. In this case we will see sideways movement or downward movement in altcoins. Use stop loss in all your altcoin position and keep an eye on dominance.
CRYPTOCAP:BTC.D
by Diamond_Chart
2
Dominance And Alt-Party? 🎉🥳Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 BTC.D Weekly chart 📌 Price Action with Wave Analysis. 📍 Today I would like to talk and discuss more about the Bitcoin's dominance which has such a very complicated form... 📍 First off, in the weekly time-frame we can see a potential triangle with reasonable confirmations, like the re-tests and reactions to the triangle tend-lines as well as a POTENTIAL double bottom which can lead to a short to mid-term uptrend movement and be a confirmation for the POTENTIAL "D" wave. ✍🏼 I can clearly read from chart the upcoming dates are very important for Bitcoin's dominance and others dominance. ✍🏼 We may have 2 scenarios; -----------> End of the current wave (C) so it means that we may receive more confirmations for (D) wave and start of new cycle -----------> Continuing this wave which can change the whole game and cancel the TRIANGLE movement To be continued ...
CRYPTOCAP:BTC.DShort
by C_EWAVE13
BTC.D - what to do with altcoins 🤔❓Bitcoin dominance is now in a large range between 40 and 50. In addition, the dominance is in local consolidation. It is difficult to say right now where bitcoin dominance will go. But the trend line is clearly visible on the chart. If the dominance indicator breaks the trend line, rises above the local consolidation, and tests it as support, it is likely that the next target will be at 50. In that case, it would be wise to sell your altcoins. If the price breaks the lower boundary of the local consolidation, it is very likely that the dominance will move to the area below. And the altcoins will continue their rise. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
CRYPTOCAP:BTC.D
by Yuriy_Bishko
7
Bitcoin Dominance continue weakness!!Bitcoin Dominance it's look bearish too. For that, a possible altseason we could to look soon in the best cryptocurrencies. For example: Ethereum, Cardano and XRP are my preferences. Now, I show you this perspective how I look the dominance. As Bitcoin touch the 0.382%: 49.10%, Bitcoin weakness and could to leading down to 39.50% and included 33.69%. In the monthly timeframe, it's look extremely bearish for Bitcoin, I don't have any doubt of it.
CRYPTOCAP:BTC.DShort
by harisonhbn9718
4
Bitcoin Dominance Chart is KEY 🗝️What is the Bitcoin dominance index? Binance BTCDOM Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin. The BTCDOM Index is a metric that traders can use to quickly get a sense of Bitcoin's value relative to that of the broader cryptocurrency market. What does low Bitcoin dominance mean? Indeed, if the dominance of BTC decreases, it means either : A relatively larger inflow of new capital into altcoins than into BTC. Or it represents a transfer of capital between BTC and altcoins, with participants taking their profits from BTC and injecting them into the altcoin market. How is Bitcoin dominance calculated? If we look at the summative market capitalizations of all the existing cryptocurrencies, then we can arrive at a total market cap valuation for the entire cryptocurrency space. Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets. How does Bitcoin dominance work? Bitcoin Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin. ... When BTC Dominance increases, alts, on the whole, lose value against BTC. When BTC Dominance decreases, alts on the whole, gain value against BTC.
CRYPTOCAP:BTC.D
by FX_Professor
2
#BTC Dominance broke down, ALT SEASON Incoming?Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Do not forget to read the other analysis I've recently posted. Links are given just below this update. let's get to the chart. the dominance followed my previous analysis perfectly and broke down below the triangle. We can already see the effect in the market with all those green altcoins in both USDT and BTC Pairs! however, it's important for us to analyze from every aspect of a chart. We need the dominance to break and close below this 100D MA. It's an important factor to trigger the Altseason. keep an eye on it. After the possible breakdown, we will have a retest, that will be the right time to enter altcoins in BTC pairs especially in Red! The breakdown target happens to be somewhere around 39.xx levels. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE

CRYPTOCAP:BTC.DShort
by Cryptorphic
3
#BTC Dominance Broke down, Alt Season? Part IIWelcome to this quick Sunday update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Dominance broke down and followed our speculated move exactly as shown in my last chart! I expect the dominance to break to the downside, Reasons:- 1. Ascending Wedge Formation. 2. Broke below the Triangle with perfect retest and continuation. 3. Broke and closed below 100D MA which basically shows us the sentiment of the market is shifting towards altcoins 4. I am expecting a bearish crossover of 50D MA and 100D MA in the next week which will eventually fuel the alt season! Many indicators are also revealing signs of weakness in this index. OFFICIALLY WE ARE IN AN ALTSEASON RIGHT NOW! WHAT MATTERS IS IF WE CAN GET SOME SIDEWAYS ACTION FROM BTC THINGS WILL BE MUCH BETTER!! What's your thought on this? Do share your ideas and charts with the community in the comments section. If you have any questions or requests do not hesitate to write them down in the comment section. Do hit the like button if you think this analysis deserves a little appreciation! Thank you #PEACE

CRYPTOCAP:BTC.DShort
by Cryptorphic
2