BTC.D trade ideas
BTC.D bitcoin dominance indicator , intteresting?just fot recording. do you think will this waves on CRYPTOCAP:BTC.D work ? and what does it mean? only an alt party or ... what?
BITCOIN dominance forecast in the short termBITCOIN dominance calculation in the short term:
BTC Cap. Forecast: 870B
ETH Cap. Forecast: 360B
TOTAL3 Forecast: 750B
so
TOTAL Forecast= 870B+360B+750B=1.98T ~ 2T
so
BTC dominance= 870/2000=43.5%
@JalilRafiefard
December 22, 2023
Bitcoin is about to pump!Finally they are dumping their S coins and coming back to papa.
This could send us to our new ATH of the year.
BTCUSD is at a key support above the recent low and above the other shoulder.
We are soo to see a kick ass geometric BTC chart I feel!!
Is the BTC.dom dominance since 26 november 2022 coming to an endSince November 2022 and the FTX collapse, there has been an important development in order to end the Altcoin value losses and get a share of the recent BTC rise. The daily closed below the trend that has not been broken for a long time. The weekly close is important to validate the same validation!
But if this is not a scam and the stock market will be triggered for the movement of altcoins, we start now. Many majors like Sol, avax and mina have already appreciated more than 3 and 4 times. I think the conditions are ripe for others to join in. We will watch the process!
However, this would be useful in a scenario where BTC remains flat. Possible depreciation on the BTC side would only mean that gold would be less affected.
Potential Bitcoin Dominance ShiftAfter more than a year of an upward trend in CRYPTOCAP:BTC.D , There is a chance for a gradual ascent toward the upper boundary of the ascending channel
with the potential significant correction at the beginning of the new year for Bitcoin We might witness a breakthrough above the upper boundary of the channel towards the 0.618 Fibonacci level or the upper boundary of the 77-month narrowing channel.
Feel free to share your insights in the comments section.
Bitcoin Dominance VS AltseasonBitcoin's dominance has been protected on the 3D time frame by the EMA 50 since January, so for me a candle close below the EMA 50 could mean the start of the Altseason (Altcoin Season).
Remember that we are currently experiencing a correction in the cryptocurrency markets, which is healthy in the long term before the real bull run begins.
BTC.DBitcoin's dominance seems to have completed an impulse and naturally it should enter a period of correction and take time.
Modification can be in the form of any pattern.
BTC Dominance Rolling Over = ALT Rocket Fuel Historically a break of a Rising Wedge, especially after a weekly Gravestone Doji just printed at the top of the trend while under previous resistance likely means we are a go for ALT ignition sequence...
BTC.DWhen alternative cryptocurrencies (#Altcoins) show strength and outperform Bitcoin ( CRYPTOCAP:BTC ), it serves as a significant indicator. The mention of the BTC dominance chart potentially nosediving implies a shift in market dynamics, indicating increased interest and investment in altcoins compared to Bitcoin. This shift may signal changing investor preferences and a potential trend where altcoins gain prominence in the cryptocurrency market.
#BTC📷 #cryptocurrency CRYPTOCAP:SOL CRYPTOCAP:DOT #Solana CRYPTOCAP:MATIC #Polkadot
BITCOIN DOMINANCE to drop back under 50% #BTC.DNice head and shoulder's on the dominance chart
Maxi's are not your friend
Saylor was calling for 80% dominance just a very short while ago.
And yet here we are heading back below 50
Wouldn't be surprised to see massive money rotate into #ETH on the news of the ETF approval.
Merry Christmas and Happy Holidays.
BTC Dominance 4HChartHello everyone, I invite you to check the current situation on BTC domination on the four-hour interval. First, we will use the blue lines to define the local channel of the downward trend in which the price has rebounded from the upper limit.
Now we can move on to marking support places in the event that capital continues to move to alts. And here, first of all, we have visible support at the price of 52.52%, then at the lower border of the channel there is a visible support zone from 52.10% to 51.57%, and then we can see support around 50%.
Looking the other way, we will check the resistance areas, and here we can see that resistance has formed at the level of 53.12%, then there is a resistance zone from 53.59% to 53.86%, and then strong resistance around 54.58%.
Please pay attention to the CHOP index which indicates that most of the energy has been used, on the RSI indicator we have returned to the support point, which could have resulted in a slowdown in the decline, while on the STOCH indicator there is a movement below the lower limit, which may also translate into a rebound.
BTCD Elliott Waves AnalysisHello friends.
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Everything on the chart.
Waiting for trend reversal,
target zone: 49 - 50%
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Bitcoin Dominance Chart AnalysisHello Everyone,
Bitcoin Dominance currently is trying to break the neckline of a a possible double bottom pattern that are forming in the monthly frame!
- the monthly candle is going to close after 3 days, if the breakout happen it will be a nightmare for Altcoins as Bitcoin will dominate the liquidity.
- the increase of bitcoin dominance doesn't mean bitcoin is going to be bullish, increasing in bitcoin dominance could be bullish or bearish regarding the bitcoin price.
- for BTC.D the current resistance is 48.4%.
- if a breakout happened, the next resistance is at 51% and overall double bottom pattern target is going to be 58%.
- we must not ignore the idea that a fake breakout could happen as crypto market is very highly manipulated market. so, you have to stick to a good risk and capital management plan.
BTC DOMINANCEBTC Dominance Haftalık
This chart expectation hasn't been changed and misguided since 2020
BTC.DIt is expected to rise to the shaded area, withdrawing liquidity from the currencies and squeezing them well in order to complete wave B
#BTC.D 12H Chart
Bitcoin dominance bounced off the support around the 53% area and left a 12h demand zone around 53.1% and an imbalance around 53.2%. I expect price to retrace, fill the imbalance, tap into the 12h demand before continuing its upward movements.
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#BTC.D 12 Chart
Bitcoin dominance is currently retesting the support area around 53%. It needs to move up and break above the high at 53.51% in order to expect bullish pricing, else we will see some further bearish movements towards the next area of support around 52.5%.
