BTC.D (market cap dominance %) AnalysisPrice is ranging between supply and demand and current sat in a demand zone where it created a new HH but also a new LL. There is a weekly demand zone below where I’ve refined the daily demand zone within. Price could either navigate to the top of the range or go for the below demand zones which would be good for ALT coins.
Btcd
BTC.D DOMINANCE OF BTC.........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
BTC.D can rise#BTCD
Bitcoin Dominance is above long term support zone and inside a daily support zone, also there is a descending parallel channel that dominance is above middle line. BTC dominance can head up to break out from upper line of channel to touch daily resistance zone and divergence of RSI help this scenario.
but if dominance reject from upper line, it will drop to long term support zone.
so better to take your profits of spot orders to be able to buy dip again.
My Idea | BTC.D | December 20th 2021Another idea for the public. This time we look up for BTC Dominance on the market.
As we can see, the dominance of BTC is decreasing as the other coins / tokens pops up to the market.
And, the market seems to response this by searching (or creating) "the next bitcoin" as we may remembered this phrase many times we've heard since the crypto popularity after the China ban hammer. But, as many as "the next bitcoin" shows up, most of them failed, but some of them i.e. ETH and BNB adapt and dominated the market after BTC.
My concern for BTC, the domination will be rising for early next year, though we never know for sure.
That's for the BTC.D analysis. Hope the best for the market.
*This is not some sort of a signal to buy or sell. Your money your responsibility.
BTC.DAltseason coming ?? ..........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
btc dominance . have a look we have previous pattern for dtc.d but it is not valid . new pattern is formed which shown btc is not going to give altcoins a run.
so what next ? iam going to long btc.d with leverage upto 20x . what !!!. yes iam going to use leverage and longing btc.d . target 10% from now
you can always find other use ful trades here.
BTC demand zone shows the full pictureBTC is losing 50k support, making lower highs, bearish volume , ALTs are dormant but BTC dominance is holding 40% support for now.
S&P500 strong but also DXY strong = mixing signals.
As per chart, 2 possible scenarios are coming:
1. green line - retest of demand zone for BTC 37k-42k or just more swinging time while ALTs drop and Dominance climbs - and then a clear pump and breakout of the down trend towards 50k-55k
2. red line - bearish pattern continuation with a fake breakout and then a further crush towards demand zone 37k-42k.
Trade safe, avoid high leverage.
CCC.io
BTC.D broke out descending resistance#BTCD
Bitcoin Dominance broke out descending resistance as I expected and probably it can rise more to resistance zone. this rise of dominance can cause drop in price of #BTC.
but also $BTC price is at strong support that can hold it.
lets see what will happen in coming days.
🐻🐮
BTC.D - is the altseason coming?A lot of people are asking about bitcoin's dominance. The bitcoin dominance chart shows a descending triangle, which usually breaks downwards. Target = height of the triangle. If the pattern works out, the dominion could go down to level 31. A breakout of the triangle's lower boundary will likely trigger an alt-season.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Bitcoin Dominance (BTC.d) finishing wave IVFirst, Bitcoin Dominance is bullilsh for altcoins.
Bitcoin Dominance does move in Elliott wave patterns. Which one might not expect, as it is a 0% to 100% chart of market caps.
Bitcoin Dominance (BTC.d) is finishing up a wave IV corrective ABCDE triangle pattern. Leading diagonals are not allowed as any of the legs of a triangle. But, I can't figure out a way around that, so just living with it, as the pattern overall seems clear. The E leg is coming up. It is common for the E to do an underthrow, so don't be surprised if it does not touch the line.
Then altcoin season starts when BTC.d plummets. How far down? I do not know, so I put a standard 1.0 to 1.618 fib (of the wave I) as possible end.
If you want to have some fun, copy this chart to yourself. I set it to "Share". And add TOTAL2 (choose separate scale). Then you can see how the altcoins react as compared to the BTC.d chart.
BTC.D at support zone#BTCD
Bitcoin Dominance is at daily support zone and struggle to break it down.
also it is near a daily descending resistance, if dominance hold the support and breaking this resistance, it will lead upward to daily resistance zone, which is the same with weekly descending resistance and ascending resistance that can reject the dominance to break the support stronger.
Bitcoin dominance is falling despite market crashThis is an interesting development of the Bitcoin dominance considering that the markets were all crashing. In the past most crashing events led to a sharp rise of the Bitcoin dominance while Altcoins were dropping much harder in comparison to Bitcoin. Seeing this could actually mean that we will see a break-out to the downside of the 40% range soon that could lead us to 30-35% levels once momentum is picking up. Generally, one should still be careful trading this setup as markets are reacting strongly to Evergrande's potential defaulting & the sharp rise in cases of the omnicron variant.
Good luck with your trades! Do not consider this as financial advice.
📊 BTC.D - H&S - Altseason is coming?The price(well, value in this case lol) fell out of the rising wedge, after which it formed a lower high- which then turned into Head & Shoulders, and finally closed out the pattern by breaking the baseline.
Waiting for break of 44.44 for a stronger confirmation.
The idea is also backed by the previous ETH/BTC idea I posted (check related ideas below) as the price seems to have stabilized above the local dynamic resistance.
BTCD dumpit againomnicrom fud, rebase revival
too many new protocols popping up for btc to take back control of domininace imo
still the king but
defi2.0 kickn into gear
defi1.0 still useful af if you know what ur doin
locked liquidity etc etc
bout time for an alt releif bounce after all the pain over the weekend
see how we go