#BTC.D 12H Chart
Bitcoin dominance is dropping and it is currently retesting the support around 53%. It is expected to keep moving down towards the discounted area of support at 52.4% before potentially retracing from there.
BTC.D trade ideas
BTC Dominance . What's the next play? I'll show you mineNext narrative is ETH ETF trading around that. BTC dominance is plummeting. Alts go up when BTC dominance drops. ARB and RNDR looking good. You can also do a play on ETH. I prefer the layer 2's as the have bigger moves.
Bitcoin Dominance Bearish OutlookCRYPTOCAP:BTC.D most likely will drop and we will enter altcoin season.
Rising wedge spotted in weekly time frame, my first target is around 47-49% for a potential retest or short consolidation or maybe invalidation.
The main target is around 39-40%, prepare for altcoin season.
#BTC.D 12H Chart
Bitcoin dominance is currently moving down after testing the 12h supply around 55% as predicted. It is now expected to tap into the 6h breaker around 53.5% before potentially moving up again.
New trend on BTC.DStoch RSI shows very high readings, with price action testing a significant resistance, it indicates an overbought condition, volume declines + the prior major rejection also came from the GC mean.
Bitcoin DominanceCurrently bitcoin dominance is moving upside towards weekly resistance .
We might see a bull run in altcoins if it bounce back from weekly resistance
BTC.D Decision Time - Breakthrough To Bring The Alt Pain Or Hit It is time to see where this altcoin market is going. If dominance breaks upward we get alt pain. If it drops from here, alts rise!
What do you see happening?
Not financial advice.
#BTC.D Daily Chart
Bitcoin dominance broke above the high at 53.94%, filled the fair value gap around 54.3% and it is now testing the 12h supply zone around 54.55% as predicted. I am expecting to see now some retracement, however we do have lots of bullish momentum which may cause it to keep moving up and breaking through the 12h supply. Waiting for confirmation.
Bitcoin Dominance vs. Altcoins visualizedA common market dynamic that I find newer participants asking about is Bitcoin dominance and how it effects Altcoins. Total3 is all altcoins minus Ethereum and Stablecoins. Look at the direct inverse relationship these two setups tend to have. Since the king (BTC) tends to lead total market moves, many participants take profit from more volatile altcoins directly into BTC. This rotation is very normal, and a needed reset for altcoins to continue.
Next altcoin season is coming now. Buy altcoin
+forth
+neo
+eth
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BTC Dominance to 45.26% this chart is based on Elliott wave theory and also according to DAW theory .. chart repeat it self again and we have not to break 55.29% by any means
MACD confirm that the wave is ABC and dominance has to reverse now to reach 45.26%
and this will give alt coin to pump and go to the moon
Ultimate ALT Season upon us!?This weekly BTC Dominance chart shows a clear break of uptrend and retest. The Bearish Butterfly Harmonic hit the 382 and 618 targets followed by checking back to optimal reversal zone. With where we are economically in 2021 there is something to say about this alt season that will be like no other. While the market has already been insanely bullish, over the next few weeks and months the follow thru of this pattern could cause Alt Coins to explode beyond anything anyone has ever seen. This is the most opportune tune time to get with this class of assets for ultimate profitability. The harmonicity of this market is resonating with everyone in it and will only continue to expand.
📈BTC.D analysis, ready to pullback📉CRYPTOCAP:BTC.D
Hello Traders, please check out my previous ideas.
As indicated in the chart, Bitcoin Dominance can return to the yellow range, near the pitchfork midline.
BTC.D can reach Bollinger-midline then starts its downward trend.
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Bitcoin dominance back to trendAs the ETF is pending, BTC rises and many altcoins fall heavily, especially the weaker narratives. The BTC cup and handle is playing out at the start of this new year. I believe the golden fib is next 56%, a huge price increase for BTC looms.
BTC.D up, ALTS downBTC.D is made a retest but failed to create a lower low, instead given a break and close above of the Resistance Area. Alts were dumping aggressively right now, as #BTC make short-term aggressive moves, and money started flowing into it. Dominance Reached towards the Resistance area of 54.5%. Still, there's index reached area, so alts will react and might jump a little bit.
Begin to buy?In the heart of the crypto storm, BTC.D, the dominance index, has gracefully taken a step back, and astute investors are spotting a golden opportunity amidst the volatility.
Recent market movements have seen BTC.D experiencing a short-term decline, sending ripples through the crypto community. But hey, wise investors know that every dip is a potential launching pad for greater heights!
Liquidation Frenzy:
Whispers of liquidation circulate, and we can't help but feel a tinge of sympathy for those who weren't prepared for the rollercoaster. Fear not, dear readers; opportunity often knocks loudest in times of uncertainty.
ETF Bitcoin Hype:
The market is on the edge of its seat, collectively holding its breath for the imminent ETF Bitcoin decision. Confident murmurs fill the air, with many insiders hinting at an approval. Could this be the catalyst that reshapes the crypto landscape?
Seasoned investors understand that every storm brings hidden treasures. Could the recent BTC.D decline be your ticket to accumulating crypto gold at a discount? Smart money is always watching for these strategic entry points.
Disclaimer: This article is for entertainment purposes only and not financial advice. The crypto market is a dynamic and unpredictable environment. Invest responsibly.
bitcoin dominence CRYPTOCAP:BTC || dominance is still in uptrend.
Daily had a potential mss. Reclaiming and holding the weekly ob would be bullish.
We had a rejection alrdy on the first try. Lets see how the second goes. Median level is important. Wicks above but bodies below is bearish.
How does this translate to the general markets?
If it gets rejected it could mean that money flow either into alts or stables.
If we go up BTC is either a hedge against falling alts or the entire market goes up with btc outperforming most tokens.
Bitcoin dominance Head and ShoulderBtc.d is ready to go down as the bull market broadens out in the coming weeks
BTC Dominance Kills AltcoinsBTC.D is trading at neckline trying to break the resistance level on bigger time frames.
While we observe the bleeding of the altcoins.. we can only hope this will stop
And the dominance won't brake any resistance and start to decline.
This is challenging because Bitcoin may start a new cycle..bearish or bullish
Either way Altcoins may need to wait after smart money to flow into smaller caps
We shall see an early sign of this in the next few days...
Most of this may be strong corelated with the ETF approval
Take Care !
Upside target : 60%
Downside : 47%
#BTC.D 6H Chart
Bitcoin dominance is trying to break through the 6h breaker zone as predicted. It is still expected to move up and take out the high at 54.06%.
Bitcoin is reminding us who’s the KING
BTC grinding towards 45k while ETH stays at 2250
BTC dom keep going up after testing weekly EMA200 while sucking alts blood
ETHBTC about to break down
ETF or not, make sure you have enough exposure to BTC instead of 100% alts
Alts will have there time when BTC dom hits ~57%
Look for pairs that go strong against BTC not USDT
BTC.D (W)
Inverse ETHBTC (2W)
HAPPY TRADING!
