BTC.D trade ideas
$ BTC.DLoose this yellow line to accelerate
tag yellow line for now then we see as the 200 ema catches up
Bitcoin Dominance Cheat SheetHi Traders, Investors and Speculators of Charts📈📉
Bitcoin dominance and the rotations between BTC and altcoins can be confusing. Enjoy this easy-to-understand guide to BTC.D , and why it is important to watch alongside with the bitcoin chart.
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BTC dominance is calculated by dividing the market cap of BTC by the total market cap of all cryptocurrencies. If the TOTAL market cap is 1.5 trillion and the market cap of alts increases, then BTC dominance will go down unless the market cap of BTC also increases.
But to really understand the rotation of money between BTC and alts, you'll need a clear understanding of how how market caps all fit together.
Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart.
- If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size.
- If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth.
If BTC dominance is at 40%, it means that the BTC slice of the pie chart is 40% of the total size of the pie. The remaining 60% of the pie is made up of all other cryptocurrencies (altcoins).
A pie chart from March 2023:
Now, imagine a new bullish cycle starts across the crypto markets. This causes the market capitalization of both altcoins and Bitcoin to increase. If the market capitalization of BTC also increases, but at a slower rate than the market capitalization of altcoins, then BTC dominance will remain stable even though BTC Price increases AND altcoins prices increase. This is because the BTC slice of the pie is still 40% of the total size of the pie, even though the pie has grown larger.
In other words, the pie has gotten bigger, but the size of the BTC slice has remained the same relative to the rest of the pie.
Here is another way to think about it:
Total market cap: $1.5 trillion
BTC market cap: $900 billion
Alt market cap: $600 billion
BTC dominance: 60%
Now, let's say that the alt market cap increases by $200 billion and the BTC market cap increases by $100 billion. The total market cap would now be $1.8 trillion and the BTC market cap would be $1 trillion. BTC dominance would still be 60%, even though the price of BTC increased because the overall pie has gotten bigger.
Here is an example of how the BTC dominance falls, but BTC price increases:
Total market cap: $1.5 trillion
BTC market cap: $900 billion
Alt market cap: $600 billion
BTC dominance: 60%
Now, let's say that the alt market cap increases by $200 billion, but the BTC market cap only increases by $100 billion. The total market cap would now be $1.8 trillion and the alt market cap would be $800 billion. BTC dominance would now be 50%, even though the price of BTC has increased.
As a summary:
UP: BTC d ominance is increasing, meaning that BTC is outperforming altcoins.
STABLE: BTC d ominance is remaining relatively unchanged. This could indicate price movement on either Bitcoin or Alts .
DOWN: BTC d ominance is decreasing, meaning that altcoins are outperforming BTC .
We see an increase of market capitalization on the TOTAL chart:
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CryptoCheck
CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL
BTC dominance in small ascending broadening wedgeBTCUSD is finding support in this small broadening wedge created by two sets of past pivots.
Not sure yet if it will break down here or go to test the top of the wedge, but at the moment the latter seems possible with the current BTCUSD move over the last 8 hours or so
BTC.D Correlation to BTC Tops - Theory Dec 17, 2017: BTC.D hits yellow 71.5% line, then starts to fall, with BTC topping when BTC.D is around 59%-60%
Jan 7, 2018: TOTAL2 tops at blue line, when BTC.D hits 38.7-41.7%. Just before this, it goes down to 36.3%, then bounces to 43.6% before going to 38.7%. After TOTAL2 tops, BTC.D goes even lower to 35.2% presumably bc money rotates to smaller caps. TOTAL2 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC.
June 26, 2019: Mid-Cycle local BTC top while BTC.D is at 63-65%.
March 12, 2020: Mid-Cycle local BTC bottom while BTC.D is at 65-66%.
Feb, Mar, April 2021: BTC.D breaks above yellow 71.5% line, topping at 73.66%, then starts to fall, with BTC making tops when BTC.D is around 62%, again at 62%, with higher top at 55%
May 14, 2021: TOTAL2 tops at blue line, when BTC.D hits 40.4%. Unlike 2018, BTC.D does not initially go lower and then bounce before the TOTAL2 top. TOTAL2 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC.
BTC dominanceI don't expect BTC.D to break above 57% before we start the next bull run. Instead I expect consolidation at this level for next days or weeks. This will eventually lead to break down of the dominance, signifying the alt-season. I think this is a good time to transfer some money from BTC to altcoins.
Does This Give Alts a Chance to Shine?Dominance is performing nearly perfectly with only a few surprises along the way. I wasn't quite sure dominance wanted to test the underside of that channel you see in red. That channel started in November of last year. We broke to the downside in August of this year and never really retested. Well, here we are today. We have retested the underside of the channel and can now expect BTC.D to continue its drop. The big question is will alts drop with Bitcoin as they have mostly been accustomed to doing in this bear market or will this finally be a time in which we can witness some divergence? The chart is showing the latter as a strong possibility however, be careful with your picks. Small cap/high risk alts should for the most part, not enter the equation here yet. The divergence will probably most notably be witness in larger cap alts like Ethereum and XRP. Maybe a few mid-cap alts as well.
This is not fin advice.
Stewdamus.
Altcoins Will Bleed - BTC Dominance 60% Coming Soon❌ Cancellation of this trade idea - 1M close > 39.66% on my inverse BTC.D chart
BTC Dominance - down coming weeksBTC Dominance seems to go down in the coming weeks, while the BTC price is expected to go up. This means that it is very likely that the altcoins will increase in price much more the coming weeks.
Altcoin dominance breaking support it held 2019-2021.The graph shows (100 - BTC.d) on a log-scale. From 2019-2021, altcoins held dominance support multiple times leading into lower bitcoin dominance. today, this support level broke for the first time since then. I expect higher Bitcoin dominance in the following months.
Domminance of everything but altcoinsWe are definitely in an ideal area to start investing in altcoins, since as you can see in the graph, the current area has previously been a great resistance in terms of the sum of the dominance of bitcoin, ethereum and the main stablecoins.
BITCOIN DOMINANCE analysis ⏰Expecting altseason after completing 55-60% pump 📌 then dump in CRYPTOCAP:BTC.D
Sign alts season started 📌
55-60% is accumulation of ALTS
Meanwhile white 🤍 line rejection 50.5% below 📍 lead to complete 40-45%
Then upside 🚀 move 😉 BITSTAMP:BTCUSD + $BTCD both ALTS dump and consideration
If any chance of weekend candle close above white 🤍 line 😂 no mid term bullish direct 55-60%
But I hope present market move bullish untill October later correction get started 📌
After halving we will see complete ALTS season 🚀 just accumulate pls know ur coin entry zones
If weekend candle close below 📍 last red line 📌 no bullish on dominance sign of already accumulation completed we are in ALTS season but have less chances but let's start watch 👀
Just DYOR , give boost 🚀 i will update post ⁉️ 🧐 every crucial move and month / weekend close
So u get updated 📌
So boosting Post give u an update my post when I updated 📌
BTC.D Roadmap My prediction is that when the Bitcoin Ishares ETF is in play and working, everyone will capitulate their alt coins. This makes sense, because the narrative points out that there will be a huge influx of capital to Bitcoin through the ETF.
But....
You really think Larry Vink is not going to ape into alt coins?
{Larry is a turbo goblin and will do everything in his power to max gains my broski}
BTC.D 102423I have been bullish on Dominance , but I think it rips the face off this market. Bitcoin still going up, just a pause. Either way Dom goes up.
BTC Dominance - Massive Breakout! 60% Next!Bitcoin just out-performed the whole market.
In the process it escaped from the 50% resistance and now is well on its way to 60%.
This means one thing:
HOLDING BTC right now is the best trade, nothing else.
So long the BTC dominance goes up, you want to hold only one coin - THE KING OF CRYPTO.
This is great news as money is flowing into BTC, including new money.
Eventually some of that will spill-over into alts, but I don't expect that to be significant with the BTC halving due in April 2024.
I expect alts to perform better than BTC once BTC Dominance hits a ceiling. Either at 60% or 70%. Hard to say now.
Keep an eye on this chart. My bias is bullish on BTC for the next six months and I favor BTC vs any alts right now.
Like and follow for more ideas!
Bitcoin broke Pivot Point SuperTrend in 1M first time everBitcoin dominance broke the Pivot Point SuperTrend line in the 1M chart for the first time in history.
I'm not exactly sure what this means from a technical analysis standpoint, but considering some basic facts:
Bitcoin as a Store of Value: High inflation erodes the purchasing power of fiat currencies, which may lead people to seek alternative stores of value, like gold and potentially Bitcoin as well. This could increase demand and consequently, the price.
Role of Institutions: If inflation remains high, institutions might also begin to consider Bitcoin as part of their investment strategy, further increasing demand and price.
Additionally, recent news:
The inclusion of Bitcoin in exchange-traded funds (ETFs) could affect its legitimacy and general perception in multiple ways:
Increased Legitimacy: The acceptance of an ETF would be a sign that financial regulators see Bitcoin as a legitimate and investable asset class. This could boost the confidence of both individual and institutional investors.
Increased Liquidity: An ETF usually brings increased liquidity, making Bitcoin more easily tradable. This could attract new investors, in turn, increasing demand and price.
General Adoption: The existence of an ETF could facilitate broader adoption since it offers an easier way to invest in Bitcoin without having to store the cryptocurrency. This may make investing in Bitcoin more appealing to a wider range of investors.
Therefore, it is possible that Bitcoin's dominance could rise to the level I have envisaged. How long this trend may continue or how high the dominance could go, I cannot say. At least, I would wait for this trend to end before investing in altcoins. Perhaps a mini alt-season is possible when Bitcoin's dominance increase stalls at some point and remains stagnant before another increase.
BTC dominance not ready for bull run yetComparing the previous BTC dominance levels to the entire crypto bull market sentiment, I think we are not ready yet. BTC dominance should go higher to around 65-70%, once there the full crypto market potential will be unlocked. Spot ETF approval and BTC halving are the triggers we are waiting for. You better be ready once we are there.
BTC DOMINANCE / BTC.DThis scenario for Bitcoin dominance is likely to me, and I had prepared this analysis for several months and I am still monitoring it and so far it is going according to what is specified. Therefore, I still see higher levels of Bitcoin dominance with the coming months.
And Remember:
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
Shitcoins will get rekted if this is a retestLooking the Bitcoin Market cap dominance
Shitcoins will get rekt more and more
Or is this the last time?
is it too late to sell?
idk, but my plan doesn’t include shitcoins on this phase of the cycle
Look up your coin/btc pair
We are STILL FAR FROM MAX PAIN My dear
The end of Bitcoin's dominanceI think that Bitcoin's dominance will fall very soon and it could mean the beginning of the ALT season
btc.d usdt.d altsthe way i see it btc.d going down and alt season will start in 75% or btc go up and alt stay still or little bullish in 25% as i said befor usdt.d will come down for sure btc.d will act on market
