Dominancebtc
Are we close to an alt rally/dead cat bounce ?Just a quick view of what gave the MA/EMA 200 resistance on the BTC.D the last 2 times
Major alt coins are on a weekly/monthly support levels
Are we going to see the start of an alt rally during February ?
If so, I will be extremely cautious with my take profits levels with 40/50% at TP1
just ideas here, crypto ideas
Alts Season: yes or not??Hello everyone,
I present my idea regarding BTC dominance and what could happen to alts.
As we can see in the weekly chart I compared what happen in the final stage of the last cycle of 2017 with what are happening right now.
In both cases after a big fall of the dominance, which led the alts to disengaged from btc, there was a moment of consolidation, let's dive into that:
- 2017 cycle.
The dominance was bouncing between a level of resistance and support, the RSI was rising with bullish divergence, the MACD was rising but remaining under the histogram.
Then the dominance broke the support and set new lows. That was the final stage of the bull run: btc retracing and altcoins went to a blow off top (alts season).
- 2022 cycle.
The dominance is bouncing between a level of resistance and support, the RSI is rising with bullish divergence, the MACD was rising but still under the histogram.
By comparing 2017-2022: we can see a lot of similarities between this two moments.
The question is what will happen now? The dominance is gonna breaks the support or the resistance?
We can't predict the future but we can make our best guess about it and a good way to do it is analysing what happen in the past:
- If the market is gonna follow what happened the last time we can expect that the dominance will break the support and set new lows (comparing fractals, around 25%) led to an alts season, while btc is gonna make the last retracement before entering in a bear market.
- If the dominance will break resistance there will be no alts season.
Comments and opinions are welcome.
Enjoy your day!
**NOT financial advice, everyone do their own research**
BTC.D inside weekly resistance#BTCD
#Bitcoin #Dominance
it is inside weekly descending resistance zone.
break it out will increase dominance to green resistance zone, and we better to have no altcoin in our bag.
rejection from descending resistance will drop it to support zone and 31% and maybe another great time for Alts and #BTC.
BTC dominance - bottom at 40%? (M)The Bitcoin dominance is reversing with a strong move to the upside. Before, three consecutives lows were formed, each just a little lower while RSI is rising indicating a bullish divergence. This could potentially have a high impact and we would not see this level for a while, if we continue moving up from here.
For more details and an analysis on Bitcoin, go to the most recent post on BTC/USDT.
Good luck with your trades! Do not consider this as financial advice.
BTC.D at resistance zone#BTCD
#Bitcoin #Dominance is at resistance zone.
if weekly candle close above resistance zone, it will head up to break out from descending resistance zone. so then altcoins can drop a lot but BTC may have increase with its dominance.
and if it would be another test of resistance and weekly candle close lower that previous candle, then I think we can take profit from altcoins and bitcoin more and more.
2.3T BTC MCap and 7.7T Alts MarketcapMarket dominance is sitting on support if it breaks, and the market rallies we may see the biggest alt run in history. at 10T total mCAP
BTC price at 109K
Alts will divide the 7.7T marketcap
if it bounces BTC may see a 63 percent Mcapdominance probably this in a crypto bear market scenario.
at its lowest target of 10K.
Altcoin Session Big Update... Waiting for Big Alts Relly..?#Bitcoin Dominance Update:-
$Bitcoin Dominance Trying to break Strong resistance.
Don’t try to make decisions in Panic zone.
Now..?
If Dominance Break above 41% and closed above resistance level that’s mean Altcoins = Bearish
So Now Wait and Watch market.
Support:- 40.20% / 37%
Resistance:- 41% / 42.30%
Altcoins Session is coming soon .?#BITCOIN Dominance update:-
#Dominance currently trading 39.77%
As per chart dominance already broke down the support level.
Still trading below support 40.30%
Guys below $40.30% we can see big Altcoins sessions.
But if Break 41% Resistance that’s mean Exit time from Altcoin.
First 37% support level then 35%
But Above 42.50% Strictly Exit from Altcoins because after 42.50% Altcoins blood bath.
In Simple Language:-
Below 40.40% = Altcoins Bullish
Above $40.40% = Altcoins Bearish
#BITCOIN DOMINANCE Breaking Down! ALT SEASON has already begun!Welcome to this quick update, everyone.
I know you've been waiting for this chart!
Bitcoin Dominance has broken down the important level of 40.
As per the pattern the index is likely to hit the 30% level.
It's also moving below all important EMAs. Showing signs of weakness.
Meanwhile traders will shift to Altcoins against BTC.
This could be a very good opportunity to make some profits in the next few weeks while BTC moves sideways (which means accumulation as per my last BTC chart).
Many Altcoins are already showing some strong moves.
So Here's my trading plan:-
1. Keep BTC mostly.
2. Trade more on Spot and low leverage Margins on ALT/BTC Pairs.
3. Trade less on Futures (Only at the support levels rather than between a range).
4. Make more BTC.
I'll be sharing 15 to 20 Altcoins this week.
Invalidation:- Only a weekly break and close above 40.88% will invalidate this Chart.
So far this scenario is unlikely.
Do hit the like button and share your views in the comment section. Follow me to know the next Altcoins I'll consider adding to my bags.
Thank you
#PEACE
BTC dominance first time at this level since April 2018Alts are not mooning, at least for now, BTC is at the same price range for several weeks. Something is cooking up here.
Not sure how to interpret this. For now just observing.
If dominance close under 39% I will probable make some moves (BTC to alts trades).
Maybe it is a fakeout, don't know yet, just pay attention to it.
Check my two previous analysis on BTC.D in comment section. Thanks!
Bitcoin Dominance (BTC.D) AnalysisBitcoin Dominance (BTC.D) Analysis
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BIAS
On daily time frame Bitcoin Dominance have formed out the Bearish flag where the price is currently at the Support trend-line and below the resistance level.
It no visible short term momentum for either the bulls of the bears means that we're probably in the calm before the storm, and this move will probably be bigger than anything we've seen in months.
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TheKing past to present Quick & Simple :
- in 2014-15-16, BTC was mostly alone and his supremacy was Total, you can see in the graph his Dominance was around 95%-100% of the Total Market.
- in 2017-18, when alts popped around the corner, BTC Dominance went down to 35%. Alts started to moon than BearMarket came around.
- in 2018 , you can notice that when BTC dominance grown more than 50%, we came back in a full Bearmarket, the top BTC Dominance reached 70%, then a New Cycle Started.
- in 2020-21-22, with this new BullMarket, it could be really possible with DEFI/SWAPS and lot of new projects that "TheKing Dom" will fall between 27%-25%.
. After that zone reached, we could consider that Bearmarket will come very fast.
- Follow closely Dominance and try to understand it, this is the way to understand in wich parts of the cycle you are.
- Check in comments my older analysis about Dominance to get the moves.
Happy Tr4Ding !
BTCD is just a MEME nowHi,
BTCD has been in a downtrend since late Oct, but the market overall has not been bullish since then. So, Bitcoin dominance is not a factor anymore. We can't consider this as a critical factor in our TAs.
As you can see on the chart, it's at the support on the weekly chart, but the breakdown is more likely to happen soon. I don't think this breakdown affects altcoins.
USDT DOMININCE 4HOUR UPDATE 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.
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart that USDT DOMINANCE broke down a very strong support level of 200 MA now I am expecting a drop of 5%. stay turn I will give some trade setups.
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
TIK TIK Dominance Break down So Ready for Massive Altsessions.?#Bitcoin Dominance Analysis:1
#Dominance currently Trading below Strong Support.
Mean to say that This is very good For Altcoins sessions.
Important Point:- If Dominance Trade below 40% then This will be Awesome and Huge Altcoins sessions in coming year Q1 2022.
Exit Strategy:- If Dominance Cross 42.30% that’s Clear Point to exit from Altcoins without Emotions.
If Dominance Dump more then 35%-36% is Good point to Exit From Altcoins with huge Profit.
Point to be Noted= 42.30% and 35%
BTC Dominance: Which Scenario is Going to Happen?Bitcoin Dominance is on the edge of a big move either upside or downside. %40 is an important level for bitcoin dominance to support. If dominance can't bounce at this level it will go straight down %30 which is actually an altcoin party!
In another scenario bouncing at 40 will make a bloody hell for altcoins!
A weekly candle below this level will confirm the first scenario and the other scenario depends on bouncing at this level.