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Market Cap BTC Dominance, %Market Cap BTC Dominance, %Market Cap BTC Dominance, %

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BTC.D trade ideas

📈 Bitcoin Dominance (April 2024) — Altcoins vs BitcoinHello my fellow Cryptocurrency lover, I am looking at the Bitcoin Dominance chart today at your request; let's see what the chart has to say! First, an introduction! The Bitcoin Dominance chart is an index, it shows Bitcoin's dominance within the Cryptocurrency market. This chart will not tell you if Bitcoin or the Altcoins are going down or up but this is something we can extrapolate from the data. ➖ We can read the chart and/or make a prediction. ➖ Reading the chart is super easy. ➖ Making a prediction is also easy. ➖ What can be hard is to be accurate. I can read this chart and succeed with my prediction but this doesn't necessarily mean that Bitcoin or the Altcoins will move in certain ways. The way the market behaves will vary depending on the market phase and cycle. For example: ➖ Bitcoin dominance going up can be translated into Bitcoin growing faster than the rest of the market. ➖ Bitcoin dominance going up can also mean that the major Altcoins are dropping more and faster than Bitcoin. So Bitcoin can drop together with the Altcoins and yet the dominance goes up. ➖ Bitcoin dominance can go up if Bitcoin rises while the rest of the market drops. ➖ Another interpretation is the Altcoins market growing when Bitcoin dominance goes down (for obvious reasons), etc. You decide how to interpret the information, we will focus on the chart. Bitcoin Dominance Weekly Timeframe @AlanSantana We have a bullish chart. The black line on the chart stands for MA200 and BTC.D is trading safely above this level which is strongly bullish. We have an ascending triangle that already broke bullish as well. The action currently stands above Fib. resistance (now support). We have a very clear increase in trading volume as Bitcoin's dominance rises. While bear volume was strong in early March, last week close fully nullify these bearish sessions and the technicals are now full green. The RSI is really strong at 65 but showing a weak bearish divergence since October 2023. Prediction Let's see what we can do. Last week wicked at resistance but closed below. ➖ We have many bullish signals with a bullish chart but a tricky market situation, Bitcoin is set for a major correction. Here is my prediction: 👉 The Altcoins have gone down much more than Bitcoin, the big market cap. ones. 👉 The Altcoins being more advanced in their correction, will bottom before Bitcoin. 👉 The Altcoins will start to recover before Bitcoin based on these assumptions. 👉 As Bitcoin continues with its corrections while the Altcoins recover, BTC.D moves down. The chart is bullish and pointing up, but my prediction says: Down we go! Namaste.
CRYPTOCAP:BTC.DShort
by AlanSantana
9
Bitcoin Dominance - A Bullish Breakout towards 65%Here is my forecast for the bitcoin dominance chart: I think we could see a continued bull run on the BTC.D weekly towards the 70% (overbought) level by the end of this year - so you definitely want to remain overweight BTC until then. The picture also suggests that we may see another "alt season" near the end of 2024, as the crypto market heats up and we enter Fomo phase of the cycle. I believe the alt season could last until Q1-Q2 of 2025, at which point the entire market will be overbought. At this point, look for the ones that pumped the most - these will make for great short plays to hold in 2026.
CRYPTOCAP:BTC.DLong
by Lorenz_Capital
When the altseason begins?After the recent falls, the 55%-54% range is the key support. When this level is reached, there is a chance that the price will start to rise again to hit those who took the risk and invested all their funds during the last two falls. This is where we plan to increase our positions with the remaining free liquidity. Should the dominance steadily strengthen below this zone, it will serve as a significant positive indicator for the start of the altseason. Even with current positions, by the end of the season the yields could be quite amazing.
CRYPTOCAP:BTC.D
by TSFC
2
Dominance the system core- for me it has always been very complicate to explain BTC.D to peoples, because it's complicate ! lol - it's weird to understand the moves and many factors have to be compared together an alchemy have to happen to see something happening. - So basically to explain it, i will tell you what "we want to see" or "what we don't want to see" in the future. if the story repeats again. 1/ BTC.D have to grow up, then Altcoins will struggle down trying to find a potential bottom. - While BTC.D grow up, BTC price have to grow up also or at least stabilize ( this is a good sign ) 2 / if BTC price down and BTC.D up, it's bad, it's just the normal way ( No Divergence ) - When BTC price + BTC.D both up together, it's a kind of " inversed divergence ", it means something good gonna happens. ( get it ?) - Basically also if USDT/USDC Dom Grow and BTC price stabilize and not goes down anymore, it's a good sign. - Normality the normal way is : BTC up / USDT/USDC.D Down OR BTC Down / USDT/USDC.D up. - Before we had no reason to check those Stables coins because they had not much DOM in markets, but now have to count with them. - So While BTC.D is growing, altcoins will just make some weak moves. - When BTC will reach is next Dominance's ATH ( witch have to be lower than last years because more concurrence ) - BTC.D will crash and ALT SEASON will start. - it took me many years to understand that, but it's pure logic ( Fibonacci is working perfectly on it ) - again it's not easy to get it. - if you have any questions feel free to add a comment. Happy Tr4Ding !
CRYPTOCAP:BTC.D
by thecryer
21
Crypto Market ReviewThe BTC dominance is up, meaning that the capitals in crypto are flowing more into Bitcoin than others at the current time. My target is 60% by the end of the year according to the TA. ETHBTC chart is also bearish, as Ethereum is THE catalyst for altcoins. Support from 2016 broke down. Besides TONcoin, BTC and BNB are the outperformers in recent days, shows the comparison chart: Finally the BTC chart shows a potential breakout to 77k$ with RSI compressing.
CRYPTOCAP:BTC.D
by cyatophilum
🐺 big dump before the altcoin season ? 🐺Hello my friend ! 🐺 Today I open up the chart and see something not honestly good for the market especially for altcoins but why ? As you can see in the chart , we have ascending triangle which is a bullish pattern but bullish for the BTC.D and bearish for the altcoins and total crypto market , in this special case I can say if BTC.D break above the resistance line , we would defiantly see a massive dump in the altcoin and for the BTC itself we have 3 choices : first one ; BTC rise and altcoins just playing around and don't move or small pump secondly we could see a dump in a altcoin market itself and the last option is a worse one ; we could expect a massive dump in the altcoins and BTC both ; in my opinion this is a possible because if we look back into the history of the BTC , we can see a significant dump before every BTC halving . Have nice trades my friends ! 🐺
CRYPTOCAP:BTC.DLong
by Kiu_Coin
3