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Bitcoindominance

🚀The Big ShiftBitcoin's recent weakness is proving the opportunity to other cryptocurrencies to shine, offering investors and traders interesting volatility to exploit. The red line on the chart shows how Bitcoin's dominance is rapidly falling, meaning that new capital flows into Altcoins. Every trader has to keep these dynamics clear in mind when assessing what the most appropriate investment strategy to run is. Despite Bitcoin pausing from its exponential uptrend, the fact that the rest of the market is still witnessing solid strength is a strong validation that the macro picture is positive and the Bull Market is still in place. In the past months, those following our market updates can now recognize the value of Bitcoin's dominance as a valuable metric to gauge the evolving stages of this Bull cycle. If you feel like you missed out on buying Bitcoin at lower prices, Altcoins can give you a second chance. Profiting from Alts and selling to Bitcoin in the following weeks will likely be a unique opportunity to accumulate more BTC before the next leg up. This week the rumor of Facebook adding Bitcoin to its treasure reserves unfolded as just pure speculation. But it may be just a matter of time when the next large corporation announces to have entered the crypto space. And with a Bitcoin supply that keeps shrinking on the exchanges, the price direction can only be on the upside.
by Coinrule
1
Oh no!!! Bitcoin dominance continue down!!!At the moment, Bitcoin could to be bearish in the next days in the month April and May. Meanwhile, the altcoins get strengthen in the altcoins/bitcoin ratio. We could to see a intersting movement in Cardano, XRP and some others cryptocurrencies. Right now, Etheruem take more strenghten and Ethereum price it's so near of $3,000 USD. s3.tradingview.com The weekly chart it's bearish for Bitcoin!!! For that, this it's my idea to trade BItcoin to short position.
CRYPTOCAP:BTC.DShort
by harisonhbn9718
10
BTC Dominance possible bounce scenario (just a possibility)Fractal taken directly from when we reached this support zone in the last bull run and saw multiple bounces over the course of many months. The RSI indicates that this is a possibility as right now BTC dominance is undervalued by a few % - every time we have seen this we have seen a bounce. This is not the scenario we want as it means we likely won't see a full-blown alt season for many months (October according to this analysis). Personally, I do not think we will see something like this happen, we may see a bounce or two however I am expecting a drop below that support line in May.
CRYPTOCAP:BTC.D
by spookyblackfly
Time to see who has been holding the Joker cardTraders we have hit our first pit stop of 55k on Bitcoin. What a difference a week makes. The new buyers from 47k up are holders of Bitcoin and they will not simply sell it at this level. With earnings being announced this week and next it's time to see who has been secretly buying Bitcoin on their balance sheets. Lots of rumors circulating of who will show Bitcoin but I would suspect we see something from either Facebook, Apple, Walmart or Google. Why does this matter and what will it do to price? It will only add to the validity of Bitcoin's use case and cement in supply that isn't purchased by weak hands to merely trade off when we cross 60k. MicroStrategy also reports tomorrow and pay close attention to how Bitcoin has changed their business by the numbers. Tesla's report yesterday showed a staggering 101 million dollar gain from their Bitcoin holding. I posted a couple days ago that most will be shocked how fast the move from 55-60k will go. I have laid out my next 3 targets on Bitcoin. Get ready for a very exciting next couple weeks. Things are about to go off. Remember fracture 58 resistance and show it can support that level and we are off to very good things. Hope you are all having a great day. Remember.... The most amazing people that I have known in my life are those who have known defeat, Huge losses, been told no often, were against all odds, known suffering, known deep struggle, know losing and have found their way out of the depths. These people have appreciation, a sensitivity, and an understanding of trading and life that fills them with compassion, knowledge, gentleness, and loving concern for others. Really good people do not just happen. Enjoy the process of becoming. Bronson-TheSHARK
COINBASE:BTCUSDLong
by Bronson-TheShark
8
Massive Altcoin Surge coming soon??!Bitcoins dominance has been getting crushed recently coming further down breaking through all FIB Levels and strong historical support levels. As of right now we are sitting right on the historic strong 50% Dominance level, i think it is slowly getting weaker and weaker as we have been testing it for the past 5-6 days. I think the break is coming soon and we could see btcs dominance continue on its bearish path, we have been hovering slightly above the bottom band of the bollinger bands and if we do slip and start to hug it again like we were previously we could see another rapid fall. Our EMA ribbons are spreading out even more bearish pushing down on us with bearish momentum and show 0 signs of recovering anytime soon! Our MACD has been pushing up but appears to be loosing steam looking like we could see a reversal in the coming days. I could see us breaking this 50% level any day now and then start the fall down to eventually 40% and even possibly 35% which was our previous altseason peak in 2018! NFA Just my opinion! rarible.com Feel free to check out my very first NFT! More to come!!
CRYPTOCAP:BTC.DShort
by JacobR905
1
BTC.D Bitcoin Dominance Falling - 2021 Altcoin SeasonLooking at the 3-Day chart of the Bitcoin Dominance ratio spanning from the altcoin season of 2017 to now, it looks like history could repeat itself for a 2021 altcoin season. The ratio topped out at 72.04% back in Sept. 6th, 2019 and then retested that same level and couldn't break through it at the end of 2020 going into 2021. From here, the dominance has done nothing but drop like a falling knife. For the past 2 months, Bitcoin Dominance has been steadily falling without anyone paying much notice. The momentum is falling and I think the dominance is on the path to hit the 53 - 58% zone. If the Dominance doesn't hold at 53% we could see another altcoin season 2021 all the way down to the 35 - 40% zone. With all the NFT hype its possible this could be a first catalyst or a catalyst that pushes the real start of altcoin season.
CRYPTOCAP:BTC.D
by kyer
29
BTC Rebound But More Chance for ALTSBTC is touching the SMA 50. RSI is oversold, MACD is still crossing down, and Money Flow struggling around the zero mark. Lots of USD stablecoin mints and transfers to exchanges today. My instinct is that we'll see a slight rise to BTC while Bitcoin dominance drops below 50 and most of the money will flow into ETH and other high cap ALTS creating the real altseason many are waiting for. I realize I'm posting a BTC chart and will get hate for this, but that's how I see it. Make sure to check the related idea below of btc/eth comparison to see further where I'm coming from.
COINBASE:BTCUSD
by Eldal
BTC DOMINANCE Index: Is it Altseason right now?Greeting from IRAN to whole trading community 💙✔ BTC D. made a new ATL in 2018 which was about 38% After that index started an uptrend which brought back the index above 50% In 2019 and 2020 we haven't seen BTC D. dropped under 50% In early 2021 BTC D. was above 70% and after that it started a downtrend which last until now BTC D. is in the lowest level since 2018!!!!! Is it ALTSEASON right now? Whats your opinion? Do you prefer to hodl bitcoin or switch to the altcoins? KEEP IT SIMPLE :)
CRYPTOCAP:BTC.D
by nima-mohammadkhani
15
Massive BTC dominance drop in the coming days?1Bitcoins dominance has been falling for weeks now and is approaching a critical support level at 50%, we have tested and bounced off once already and i believe in the coming days or week we could see a breakthrough and ultimately continue falling! When we do breakthrough this level itll be turned into heavy resistance and i think we will see another gradual fall all the way to 40%, depending if BTC dumps with its dominance we could see a big market pulldown and then Altcoins will start to boom like crazy. Remember the peak of the 2018 altseason BTCs dominance touched aprx. 35% before heading back up for a recovery. Definitely keep an eye on the bollinger bands, as you can see we have been riding the bottom band which is super bearish and ill be looking to see if that continues. Aswell as watching the bollinger bands on BTCUSD we are getting very close to the bottom band and if we start riding it a fall will be imminent, NFA just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905