Bitcoin dominance. How does it affect the cryptocurrency market?#BTC #altcoins #dominance #education
▪️Bitcoin dominance index - is an indicator that indicates the ratio of bitcoin capitalization to the capitalization of the entire cryptocurrency market.
▪️How does btc dominance affect the market? - When the dominance of bitcoin falls, altcoins begin to rise - this is called the alt season!
▪️Now the dominance is at its minimum values, which means that it will soon begin to grow! Altcoins will be weak during this period of time. Bitcoin may reach $30,000 and go for a correction. So far, these are my thoughts for the near future!
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Dominancebtc
Dominance is at Critical PointHello ,
I would like to highlight that Dominance is at Critical Point.
It completed its Narrowing Wedge ,and there is also a resistance at 40.90 level.
From this point , if BTC grows higher and Dominance stay stable or go higher , alts can start to pump and go higher.
But if BTC goes down and dominance start go higher from resistance level , it means money will start to leave alt coins.
We shoud be cautios and should be following BTC Dominance
Disclaimer : This post is just for educational purposes , it is not a financial or trading advice. Please decide your own trading decisions with your own risk analyse.
Using BTC Dominance With Current Bitcoin PriceSome people monitor bitcoin price along with bitcoin dominance to help them make trading decisions. Although they are not iron laws, here are some potential outcomes that various combinations of BTC price and dominance may be indicative of.
1. When the price and dominance of BTC are rising, it could signal a potential bitcoin bull market.
2. When the price of BTC is rising but BTC dominance is falling, it could signal a potential altcoin bull market.
3. When the price of BTC is falling but BTC dominance is rising, it could signal a potential altcoin bear market.
4. When the price and dominance of BTC are falling, it could signal a potential bear trend for the entire crypto market.
5. While these two factors do not imply a definite bull or bear market, historical observations suggest a correlation.
Domination has become very capriciousSo, let's look at 12H chart.
It's no fun.
There were all three EMA crosses, the candles are under the tenkan and under the kijun.
The rejection from diagonal.
I expect a retest of the ~41.5 level.
From there up movement will resume.
But pay attention, BTC dominance is falling now, but the altcoins are slowing down, because the bitcoin will very probably break 20000 down.
In addition, we have a whole bunch of bullish divergences. There is bound to be an episode of bloody altcoin dump.
You know, one of those ones where it's down 25-40% of the price in one day.
Divergence will provide that.
But later.
BTC.D - Market Update 29.06Hello Traders!
Since last May, bitcoin dominance has been moving within a wide range of sideways movement between 39.30-48.00%.
In the May-June sell-off wave, the dominance value tested the 48.00% level, followed by an impulse correction. Most of the altcoins showed growth from their local minimums within 40-50%.
If the selling pressure on the market continues, we can expect another wave of growth on the dominance chart to the 50-52% zone, which will allow buying altcoins with a significant discount.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Altcoins One More Blood Bath Coming ( Bitcoin Dominance Chart )#Bitcoin Dominance Chart Update:-
BTC Dominance currently trading at 44.33%
And this area is Perfect Retest Area.
So Now I am expecting Upward move toward 50% Dominance Level.
So If Bounce and Go toward 50% then Altcoins will be bearish and One More Bloodbath can expect.
So If Dominance Above 43.50% then Not good For Altcoins.
But One more thing I am tracking at this Time.
If Dominance will increase then Bitcoin Price move Down Side.
Mean Currently Dominance = Inverse Proportional to Bitcoin Price.
Red Area = Blood Bath in Altcoins.
Below Red Zone= Good For Altcoins.
Resistance:- 48%/56%/62%
Support:- 43.50%
Keep watch before open any tradez
BTC dominance - the reason behind Altcoin outperformance !I drew this chart 1st of May 2022 and suggested that it was signaling an Altcoinseason.
After the dominance had broken out of the bearish triangle to the upside I thought I WAS WRONG.
However, after a strong reversal the Bitcoin Dominance has fallen back inside the triangle today and is FALLING LIKE A STONE !!!
Will be really interesting to see how this further develops ....
Small Altcoins Session will Coming ( Bitcoin Dominance Update )#Bitcoin Dominance Update:-
$BTC dominance currently trading at 47% and went upto 48% as I predicted.
White Line Support is 46.50% which is support level.
Above this Support level Altcoins More Blood Bath but if Break down this support for 44% Retest level then we can see small Altcoins sessions.
This Red Zone area is Dangerous for Altcoins.
Mean This Breakout is in High time frame so Next Resistance is 50%
We can see more 20-30% altcoins drop from Current price if Dominance continues Rise.
When Relief from Blood bath..?
If Dominance Go toward Retest level 44% then we can see small Altcoins sessions.
Above 46.50% bearish for altcoins.
Trade with proper stop loss.
Support:- 46.50%
Resistance:- 50.26%
#USDT.DOMINANCE 4Hr 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.
Hello, dear traders welcome to this USDT.DOMINANCE 2hr chart analysis.
I have tried my best to get the best possible results in this chart.
Welcome friend I think you guys are doing good business. The dominance is broken and the 21MA rejection and altcoin pump the USDT pair! good profit.
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.
Thank you
#USDT.DOMINANCE 2Hr UPDATE !!Hello, dear traders welcome to this USDT.DOMINANCE 2hr chart analysis.
I have tried my best to get the best possible results in this chart.
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.
READY DOMINANCE is break and pumps altcoin usdt pair!
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.
Thank you
dominance predictionThe BTC .D is important because it tells investors which part of the market is stronger. In an uptrend, Bitcoin is stronger. In a downtrend, alts are stronger.However in our preditions BTC will gain main inflow of the market mid future,If you look back on the chart you can see that during the heights of the crypto bull-cycles in 2017 and 2021, the BTC .D was in a free-fall. Everyone was selling their Bitcoins and putting their gains into alts, leading to the classic alt-seasons.reversal patterns show we wiil not gonna sea any bull run in the alts until dominance gets 54% of the market cash ,in the end DYOR
#BTCDOMINANCE 2Hr UPDATE BY CRYPTOSANDERS !!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 2Hr chart analysis.
As we can see from the above-mentioned chart that BTC.D is trading inside the bear flag pattern.
BTC.D rejected from the upper trend line resistance and will move downside towards the lower trend line at the level of 46.80%.
Break below the lower trend line retest will trigger the BTC pair altcoins to rally upside hard.
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.
Bitcoin Dominance Chart ( Another Alts REKT ? )#Altcoins Update ( #Bitcoin Dominance Chart )
#Dominance Still Above Support Level so #Alts still Not Bullish.
If #BTC Dominance Hold 46% Support then #altcoins will be Bearish
Below 46% we can see small #ALTSEASON
As Per chart Dominance Next move toward 48%
Altcoins More Rest Coming So Ready with your Tight Positions#Bitcoin Dominance Update:-
$BTC dominance currently trading at 46%
Which is Above resistance level.
Mean to say that this area is not good for Altcoins.
This Red Zone area is Dangerous for Altcoins.
Mean This Breakout is in High time frame so Next Resistance is 50%
We can see more 20-30% altcoins drop from Current price if Dominance continues Rise.
When Relief from Blood bath..?
When Dominance hit 50% then we can see some Altcoins sessions.
Above 44.80% bearish for altcoins.
Trade with proper stop loss.
I am Bearish Side above 45% Dominance level.
Support:- 44.60%
Resistance:- 50%