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Bitcoindominance

BTC Dominance Update!!Little update for our Bitcoin dominance before we head into the weekend and the very first thing i notice and that ive been talking about the past couple TA's is the current support level at 44.68 we aare once again seeing a push below here which is going to be key if we can see a daily close again under this level, will add to the already bearish pressure on BTC, and will significantly boost the altcoins if we continue to drop and will open the door for an explosive altseason, although we do need to fall much lower in my opinion to get that super altcoin cycle. I talked about previously, in 2018 at the peak of altseason we saw a bitcoin dominance push all the way down to aprx 35%, i am looking for something similar here, obviously going to be a longer process but of course is doable. There is also the chance we see a further drop past 35% dominance due to the simple fact that crypto as a whole has grown tremendously and especially altcoins, theres a chance you were hearing about bitcoin in 2018 but majority of people had no idea about altcoins and even BTC for that matter, pair that along with the massive institutional adoption and exposure this could shape up to be an altseason like we have never seen before! Atleast im praying lol! Now lets take a peak at some indicators and we will start with the bollinger bands, we arepushing well below the midline which is now resistance and we are getting somewhat close to that bottom band, we have had a few wicks down pretty close to it and if we do manage to grab on it will likely ignite a bigger drop, taking out many resistances on the way down, if we do see this play out we can definitely expect altcoins to really take off, there is a chance that BTC will drag the market down initially but once we find some footing or settle thats when majority of altcoins will begin the takeoff! Now the RSI as i always talk about that midline is absolutely crucial, in this case we want to see a further push down below and for it to stay in the lower half, in turn we will be considered in a confirmed downtrend and could definitely be a prolonged one and of course this will be great for the altcoins! We do however have some support slightly below our current level and then a little bit further down, these levels are not very strong at all, we could see a bit of sideways movement along them but i doubt it will last for very long and they definitely will not hold up if we do catch a big slip on that bottom bollinger band! Lastly the Squeeze momentum indicator, in my last TA i went over the chance of us pushing past the midline and into the bear territory and we have done exactly that, we are on our second red bar and it is significantly bigger than our first one, this shows there is a clear rise in bearish momentum and this will likely play out to be a bigger bear squeeze. The black crosses indicate the squeeze portion of this cycle and the longer we stay in a bear squeeze the much more explosive the sqeeze release will be, and that is indicated by the black crosses turning white and you can refer back to the previous bull squeeze we just went through to see the explosive affects of the release portion of this indicator, overall for this indicator the main thing is that we keep seeing increasing red bars day after day putting lots of power in the bears hands and ultimately seeing a big drop in BTC dominance! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
Bitcoin Dominance (Potential Mini AltSeason?)💎Technical Analysis Summary💎 Bitcoin Dominance -BTC Dominance value hits the weekly key resistance level again -It reacted to this level for the 3rd time with a red weekly candle -If this rejection continue to go deeper and retrace to 40 levels -I'm expecting a good month for the Altcoin this November -All provided if Bitcoin price action remains stable or form a bullish pattern -I'm into swing trade lately with big wins and small wins -I will scale into more positions if I see good confirmation and market condition too -If next month is another mini Atlseason, take this oppurtunity to gain good profits -But make sure you only trade strong coins and follow proper risk management -Good luck and stay safe everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
CRYPTOCAP:BTC.D
by PolarHusk
16
BTC > Next move?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of BTC. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill
DOUBLE BOTTOM ON BITCOIN DOMINANCE.Hello folks, Welcome to this another important update on BTC Dominance in 3 days timeframe. First of all, thank you everyone for being so supportive. I feel honored to help you guys with my charts and quality content. In this Tradingview platform, I provide 100% original and thoroughly analyzed content. I like to keep things easy and simple for my viewers. Now, let's get straight to the chart. On this chart, we will be discussing both the bullish and bearish scenarios. BTC.D formed a double bottom pattern and also broke above the trendline (drawn in a dotted line) and currently retesting. The interesting thing is that the dominance did not break above the 1st resistance level which makes things a little skeptical. Currently, BTC.D is at the 50 MA support which is the 1st support level. A break down below this level will drop the price to 2nd support level which will be almost a 12% drop. If this happens then it'll surely boost the altcoins in a good way but the rejection won't be that easy. The dominance might have failed to break above resistance 1 but it is still above the support level 1 so we can expect a bounce as well. In order to validate the double bottom pattern (shown in the image), BTC.D must break above resistance 1 and once that happens it will eventually try to test resistance 2 and you know what will happen if the dominance reaches resistance 2. My biased is on the neutral side for the time being. I will lean to either the bullish or bearish side only after the confirmation. Well, that’s all from my end. If you have any queries or doubts then do comment me on the comment box. Also, let me know your thoughts on BTC.D. Like, Share, and Comment.
CRYPTOCAP:BTC.D
by Dexter_The_Trader
2
$BTC Dominance UpdateTimeframe: 1D -------------------- Currently, our strongest resistance for BTC Market Dominance lies at around 47% (which is also confluent with our 200 EMA on the Daily). This is a very important level to watch, as we’re expecting Dominance to remain below it in order to see the alt run we’re expecting to top off the year. A break and close below $43.42 are what we currently need to confirm a mid-term Dominance correction and further alt upside. -------------------- Best Regards, iSmashProfit™
CRYPTOCAP:BTC.D
by TopGBanks
BTC.D UPDATE! BIGGEST ALTSEASON OF HISTORY SOON!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick update on Bitcoin dominance. In my previous update of Bitcoin dominance I clearly mentioned that we may see a bounce up to 47-48 levels and then we see a rejection and I also told you that do not trade in Alts/BTC pair. Hope you listened and took necessary steps. Now we saw that rejection in bitcoin dominance from the 48 level and Alts showing some relief bounce. Currently, Bitcoin dominance hovering at around 45 level. There is a 21D MA here so i expect a little bounce from here but after that we see a dump in Bitcoin dominance and a good pump in altcoins. IMO we see a biggest Alt season of history in the upcoming months. So get ready to increase your bitcoin holdings. Soon I'll share with you some good altcoins in BTC pair which gave us amazing profit. I just need your support and I'll try to give my best in this alt season. If you like this idea then do appreciate it with like and follow. It always motivates me to work more and more. Also, share your views in the comment section. This isn't financial advice. DYOR before investing.
CRYPTOCAP:BTC.DShort
by CoreCrypto1
9
BITCOIN IS PUMPING BUT WHY ALTS CONTINOUSLY DUMPING? Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick update on Bitcoin and USDT dominance. Here I will be showing a simple diagram of the whole Bitcoin dominance effect towards Bitcoin and Altcoins. It's quite simple and easy to understand. As you see in the Bitcoin dominance chart the dominance is continuously increasing. It's currently hovering above the 45 levels. In my previous update of bitcoin dominance, I clearly told you that Bitcoin dominance is pumped from here so be careful with your Alts. Hope you listened and took the necessary steps. Right now we have resistance at the 48-50 level and it is highly likely that bitcoin dominance is rejected from there. As soon as we see any rejection or fall in bitcoin dominance we see a good pump in altcoins. Also, there is very strong support at 40 levels if we break this support then we definitely see a mega bull run of altcoins this year. Also, if you look into the USDT dominance chart. It also holds a very strong support zone. As soon as we break down this support we see a good run in USDT pair altcoins. So what we should do now? Keep a close eye on both Bitcoin dominance and USDT dominance. As of now don't hold much Alts. You can buy some good altcoins on spot and average it in dips. They will give you high returns when we see rejection in Bitcoin and USDT dominance. As I see in the chart we definitely going to see a mega bull run in both Bitcoin and Altcoins. So I'll try to give my best in this quarter and we (the CoreCrypto family) definitely made huge profits in this bull run. Just be with me and keep supporting. If you like this idea then do appreciate it with like and follow. It motivates me to work more and more. Also, share your views in the comment section. This isn't financial advice. DYOR before investing. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
2
King BTC for the next monthsBTC Dominance is in a long term range between 70 and 30 and i believe this range will not break higher or lower for a long time ahead. MACD in Daily and Weekly is bullish on the charts and i don't see it reversing that fast, hence prices would go higher into 60s area in the coming weeks, if we get there we should start looking at reversal options. This mean Alts value in USD would probably benefit from BTC higher prices but we wouldn't see an overall "ALT Season" where ALTs are overperforming BTC. Of course this would need to be followed as we cannot predict the market
CRYPTOCAP:BTC.DLong
by Heatrading
BTC Dominance PredictionThis is just an idea I charted back in early October. Putting it here to see others' thoughts. I have 3 theories on how this market cycle is going to end. This is 1 of them which is quite bullish and is reflected by this chart: Early Jan will be the peak of the altcoin season hence we drop below the 2017 BTC.D but then instantly pump back up. The whole market dumps early January based on this idea as per 2018 January. February we then get a cat bounce as ETH2.0 is announced and/or is anticipated. But this bounce will prove the bear market is upon us as a week or 2 before the ETH2.0 launch (I expect around late Feb or early March) will be the mother of all dumps. At this point, if you HODL'ed during the dump from early Jan, it's probably best to sell on this bounce and perhaps leave a small amount for speculation. Again, this is just an idea.
CRYPTOCAP:BTC.DLong
by yas_btc_eth
4
Bitcoin Dominance Downside Coming!!?Bitcoins dominance has risen up along with bitcoins price and hurt the altcoins almost all around the board, but things are looking up for altcoins as bitcoin dominance looks like its about to tumble down. As dominance falls altcoins will start to rise and the more it falls the more Alts will pump, keep in mind bitcoin can initially drag down the market if we see price action drop along with dominance but once we find some footing on BTC we can expect altcoins to start flying! First off taking a look at todays daily candle, we notice a very small body and long wicks coming from both sides, now this is often looked at as a transition candle and in this case would be a bearish transition candle, we do have to wait for our daily close tonight to really get the confirmation, but either way i think some downside on the dominance is coming sooner than later. We have had a spree of green daily candles, we have had 18 in a row almost except for 1 red candle in the middle of this run up, as you can see on the pivot bands we have had many many touches off the red band at the top and what usually follows is some downside, and this will be key for the altcoins. We want to see a push underneath the purple midline which likely wont happen today but i could see it coming in the next couple days, this will eliminate a key support level and then we will be challenged with support at 44.68% and a break below here is what we want to see, then of course a continued fall downwards. Now looking at the reversal momentum indicator (RMI) we are coming up very close to a bearish cross or a bearish reversal, and since we are pretty high up in the top zone we can likely see a decent fall if we do see this reversal play out, we want to see big separation with the orange on top. Now the Wavetrend is looking pretty bearish considering we are in the sell zone now for a bit of time, and we notice a nice downside curl signalling this upside wave could definitely be coming to an end here soon, the last time we saw such a big upside wave was at the beginning of august and we were followed with pretty heavy downside which will be key to spark this altseason and too send the altcoins flying sky high! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
1