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Bitcoindominance

Bitcoin Dominance and Ethereum (ALTS)Hello! I think I found some interesting data from Dominance and ETH/BTC price action. I was compering and watching for Bitcoin Dominance once again . We are right now on same levels we have seen in 4th of December 2017 and 2nd of September 2018 . Like we can see from the comparison these both times ETH/BTC has been on bottom. 31 of August 2020 there was also a beautiful correlation between these two. So if we would believe to history. When Bitcoin Dominance is at the top it is better time to buy ETH compared to BTC. We will see how Bitcoin reacts to this level. Right now there is happening small correction so I'm little late with this analysis but who cares ;D. If the BTC dip gets bought then we might brake the Dominance highs which means more bleeding to alts and bitcoin closer to 30 - 35k but if not we are going to see alts to take some market place which they do deserve cause Bitcoin technology (proof of work) is kinda old school. I guess people have heard about Bitcoin once again and are putting money in believing for big returns. Ebay and insurance companies has also brought Bitcoin to mainstream and as long as we have stimulus and money printed Bitcoins fundamentals stay strong . It's fundamentals and technology are based on stopping 3rd parties control and need of them. So far Bitcoin has been really strong and money has been flowing hard to Bitcoin but there will be a time when money moves to alts which has an idea , technology and workes who truly believes to the idea they work for. Previously I have always said be careful of this Fear and Creed Index but I guess it is kinda broken because of the new money flowing in so what ever.. Oh yeah! Also Total Market Cap is really close to the All Time High so check that out. It can also work as a small resistance, even thou I am little skeptical about it cause of this crazy bull market Check out my huge Ethereum head and shoulders analysis There is still space for the other shoulder If you do trades use stop loss or you will get your ass burned! 1st mistake new traders do is take too big risk. -Jebu
CRYPTOCAP:BTC.D
by PalenTrade
Bitcoin Dominance (BTC.D) Approaching ATHLooking at the 1W timeframe of the Bitcoin Dominance Ratio (BTC.D) is slowly re-approaching it's previous all time high. This means that right now BItcoin's market cap is about 70% of the entire crypto market cap and still rising. Since the altcoin season at the end of 2017, the Dominance ratio has been gaining and doubled from 35% to 70%. From here on the next weekly candle, BTC is going to retouch the top mkt. cap dominance at 72.04%. Another option for the Dominance is that this weekly candle (just like the move up to 72%) closes below the level and doesn't gain it as support. At the start of the altcoin season we saw the exact same candle pattern on the weekly where it 1st touch rejected off of the 70% dominance level before proceeding to fall in the following weeks. Right now, that same exact pattern could play out. We are now 3 years exactly from the previous altcoin season and have seen many coins been shaekn out as well as 10x and 100x growth on more-known altcoin projects. It's only a matter of time before the dominance crashes again for another altcoin season and i'm going to continue posting this chart giving updates until it happens. In 2017 also to take note of, Litecoin (LTC) lead the altcoin season and right now it seems to be outperforming the market by a lot after breaking out of a 2-year downtrend. History doesn't repeat itself, but it often rhymes.
CRYPTOCAP:BTC.D
by kyer
94
Bitcoin Dominance Elliott wave, ABC correction going onBitcoin dominance touched 70.5% and rejected from there. On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on. The B wave is completed with a 70.5% high and now we started the C wave. 67.5% level is the next support zone for Bitcoin Dominance and after that, we see a quick fall in dominance. The upward momentum is broken on the daily chart. The next 2 weeks are very crucial and decide the move of alts. Bitcoin is also stable which gives little room to alts. Hold your bags tightly and place sell orders. Don't Hodl alts too long. Make an exit plan and place orders within range, don't except 10-20x directly. Book some profit or take back your investment at 2x and enjoy the ride. Let's hope 2021 will bring the best for us.
CRYPTOCAP:BTC.DShort
by Bitcoinik
4
All I want for Christmas is Bitcoin! 🌲🎅🏻“All I want for Christmas is Bitcoin.” That seems to be the mantra we’re hearing from the institutional investors, who’ve been knocking the doors off the crypto markets in the past weeks. As we pointed out in late September, the ‘Bitcoin Dominance’ - the index that represents the weight of Bitcoin as a percentage of the total market capitalization of all cryptocurrencies - has reversed its downtrend. The index trending up means that investors are more confident holding Bitcoin over Altcoins. The chart shows that Bitcoin Dominance broke a downtrend that has lasted longer than one year. The scenario of a Bull market for Bitcoin in parallel with a Bear market for Altcoins seems unlikely, at least in USD terms. On the other side, allocating resources to Bitcoin could leave you with better risk-adjusted returns. The global macro trends seem to point in this direction in the short-term. The paradox we see right now is that the regulatory environment appears to be getting clearer for Bitcoin, and at the same time becoming more doubtful for Altcoins. The SEC going after Ripple is a case in point. What if Ripple was just the first of many? If you hold heavy Altcoin bags, you better ask Santa to bring the Bitcoin Dominance back into the green area soon. Merry Christmas!
CRYPTOCAP:BTC.D
by Coinrule
#Bitcoin Dominance Mid-Term Analysis ( @bitcoin )Hello there ladies and gentlemen, BulloTaurus here with an important update for today . For the past months we had an amazing bull run so far! Bitcoin broke all previous resistances like there were none of them! We still didn't saw a massive volume spike on exchanges, mostly because this time we have Institutional Investors join the game that have their own private offers to buy bitcoin what doesn't always show on graphs. The dominance of #Bitcoin is also in a uptrend currently trying to break the 78.60% Fibonacci Retracement level. It followed the support line and currently its looking that we can see the right shoulder to form the Head and Shoulders pattern. I personally think we will see soon a retracement to the 50% level near 64.33 as we wee based on VPVR indicator pink line on the chart. The next move will kill most of alts and leave them red for long time. We can have a small hope to have a mini alt-season while forming the right shoulder but not for long time unfortunately. This means that Bitcoin is building a massive move to 27k or even higher. I would avoid holding alts for now, it is still too early to look into any profitable trades, although there are so many good buys at the moment. Peace. 🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌 P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
CRYPTOCAP:BTC.DLong
by BulloTaurus
IMPORTANT UPDATE on BTC.DThere are times you need to update your hypothesis and think about different scenarios , this is one of them. As previously mentioned, I was expecting BTC dominance to move in a downward megaphone, but it seems and feels like another potential scenario could be that BTC Dominance is targeting 76-77 rang at the top of an ascending wedge. This will also allow BTC dominance to close the gap at 74 Level. This might also point to a higher BTC price before alt season starts.
CRYPTOCAP:BTC.D
by Baris_Sozen
Bitcoin Dominance - 2nd Re-test @ Bottom of Parallel ChannelAgain, we're re-testing the bottom of the parallel channel we broke out of back in July. For alts to make good gains, we need to stay below the two trendlines drawn (bottom line is drawn from line chart, top trendline is from candlesticks). To reiterate what was said on the chart from Nov 12, the same scenario is re-occuring and may or may not lead to another mini-alt run (or even the big one, but I'm not sure BTC is done yet). I'm expecting a drop in dominance from here, providing some short term pumps to alts, but the opposite could still occur. For this to play out, make sure we stay below the two trendlines. If we break above and stay there, returning to our channel, this could be bad for alts vs. their BTC value. Nov 12 (see link to related idea below): -Back in July, we broke down out of the channel shown here. After a mini-alt-season, we've returned to re-test the bottom of the channel. -There is a chance here that our re-test fails, and if so, we can expect alts to start moving again soon. -If we re-enter and stay in the channel, this is bad for alts.
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
Bitcoin DominanceHello! I did make an update from this same resistance line and EMA 200 before and it did work as an resistance. I believe I did say in that that usually the 5th or sixth time breaks the resistance. This is not of course an certainty but what I have seen it often works like this. Anyways the rule goes that the more times support or resistance is hit the weaker it usually gets. Chart is on weekly timeframe so it should be quite strong resistance and there is also 200 Ema which both has been tested 4 times. I do think we might actually break these Dominance levels but we shall see if we stay on top of it before Christmas or New Year. It does look like there is alot of buying power and BTC is still in strong bull and has done some crazy moves before. This is not financial advice. If you do take trades use stop loss or you will get your ass burned. First mistake beginner traders do is take too big risk. Peaceful Christmas for everyone! - Jebu If you find this helpful you can support me with ETH 0xe952157B141E809b6377E61DBE8Dd85EDF7fc0e2
CRYPTOCAP:BTC.D
by PalenTrade
4
bitcoin dominance is over Monday the altseason will startThe market dominance of bitcoin TOUCHED THE MAXIMUM and will shrink this weekend. Means bitcoin buyers are finished accumulation and now the price will stay at 24000 pet Bitcoin or at most jumping very volatily between 30000 and 22000 when investments in form of bitcoins will flow into alternative crypto coins with similar if not more expressive FOMO Rally like in December 2017. Alternative coin Rally will start this weekend and hold most possibly a month. Most cheapest altcoins with at least 1million Market capitalisation and 100k Daily Trading volume will rocket up to 10x and may be 100x. Short Bitcoin buy Altcoins - this is your chance, that happens only once in two years 2016 2018 and now 2020
CRYPTOCAP:BTC.DLong
by viparmenia
4
2020 Dominance Channel BTC.D #btcdominance #bitcoin $BTC #cryptoHere we see our Btc Dominance chart . As you can see we have been in the same regression channel for all of 2020 . That pink and blue box on the chart is a regression channel indicator. We are also about to hit a TD Sequential 9 in green ( that's those numbers you see on top of the candles . ) When we hit a number 9 in green on November 20th we then saw steep downward dumping happen and I expect the same will happen again . If this channel seems like it will be continuing into 2021 then we could see an altseason on the way when Bitcoin Dominance starts to go down .Also notice that rsi is about to wick up to that red line - again there should be a turnaround there soon too.
CRYPTOCAP:BTC.D
by shimmeringpath
7
ALTCOINS: Why should you invest in Altcoins now?Hello my friends! Why should I invest in Altcoins at all? That only makes sense if Altcoins performs better than BTC. The chart shows the inverted BTC dominance. At 50%, the market capitalization of BTC is balanced against all Altcoins. Currently, BTC is at a level of 64%. This means that 64% of the total market falls to BTC, the remaining 36% is divided between all other coins. Of course, you can land a special hit with one or the other Altcoin, but that's more like gambling. Therefore we should take a look at the market for Altcoins in general: Can Altcoins become more important? YES! The current target is around 52-54% BTC dominance. The lowest point was at 73% (highest BTC dominance). We cannot judge the time before Mid of 2017. At this point the most Altcoins have been created. Currently, it looks that the trend line will hold. This means that the time for Altcoins has generally come again. This also means that the whole market is still bullish. Therefore, an investment split between BTC and Altcoins would make sense. Which Altcoins are interesting for an investment? Here I have a clear opinion: the top coins are good. I would not recommend exotic ones. Okay, with exotics you can make 100% and more in a week or a day, but that's gambling imo. Of course you can invest in a coin, if it is a real specialty and you understand the technology behind it. But I would be careful. And another thing: I always recommend to analyze Altocoins against BTC, because BTC is the leading currency in the crypto market. -- Let's see what happens. Happy trading. :-) --
CRYPTOCAP:BTC.D
by BTCINVESTING
26