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BTC Dominance - BTC season is back? Some signs of recovery.BTC Dominance shows signs of returning back into a bullish trend. We seem to have found some support at around 66% and we've formed a descending triangle that may break-up. The indicators also show some bullish momentum, therefore the bias is long and remains so until we break our support line. This is quite interesting as it would indicate that we break the BTC pennant up (see idea linked below for BTC/USD chart). We should find out soon enough. It does make sense that the bull run in alts would face some profit taking which would naturally flow into BTC, hence changing the momentum in the dominance chart. Let me know what do you think? Like and follow if you liked this idea!
CRYPTOCAP:BTC.DLong
by DU09
3
Bitcoin Dominance Taking A Rest or About To Crash??Observing the Altcoin market over the last few weeks, we see lots of strength coming into the alts. We've seen several signs that Bitcoin Dominance is ready to pull back. However, will we see a pull-back OR a crash? The Dominance chart broke out of the bullish descending broadening wedge pattern, but now we see rejection from the historical resistance level of 72% - 74%. Support is below at the base of the wedge breakout at 65%, which perfectly coincides with the weekly 21EMA & 55EMA that should serve as support. We do not know if this will be major support or temporary before an even bigger dump below that level. "IF" we do see a weekly close below 65% in the future, that will signal potentially the biggest Altcoin cycle we've seen in many years. We'll wait for the market to show its hand over the coming weeks/months, and will react accordingly.
CRYPTOCAP:BTC.DShort
by CryptoSyphn
BTC.D trending lower!Hello everybody, I woke up this morning and was ecstatic when I saw BTC.D had finally broken down below 68%! We're getting amazing alt movement this weekend, so I hope ya'll didnt get shaken out of your plays. When looking at dominance, we are looking pretty good to continue trending lower. I do not believe its going to be a quick move down, in fact I believe, we will be trending lower in the near and mid term. Coins like ADA, DOT, LINK are showing us that theres much more to come, so please trade safe but dont get shaken out because I believe this will be an amazing year for us. Take some profits along the way of course, make sure you get your lady or your man a gift! When looking at the indicators we will have a new 2D and 4D later today, but since the red RSI is below level 50 on the 2D we will most likely hit the green lower BB around 66%. The green line on the 4D is below 50 as well so we will most likely hit the BB basis around 66% as well. Also lets watch our race between the 2D and 4D because if the energy on the 2D does not make it above 50 before red RSI on the 4D closes below 50, we will most likely trend lower for a while! Anyway, I hope yall are having fun and making some cash! Trade thirsty my friends!
CRYPTOCAP:BTC.DShort
by mr_willmedina
4
Bitcoin dominance for weekendAfter being on the tightrope over the bullish channel, Bitcoin's dominance remained in a kind of sideways movement with ups and downs, this has given some respite to the other altcoins. Our forecast is that after the stock is rejected at the 200 SMA, visit the 50 SMA and pull back to support at 67.5%, this could give the pairs a little push against BTC. As always, we will have to wait for this confirmation, if it breaks up both moving averages it could touch the upper part of the channel; it all depends on the big movements of Bitcoin.
CRYPTOCAP:BTC.DShort
by jumperstars
BITCOIN DOMINANCE - ALT SEASONSFollowing a similar pattern to the previous cycle we expect a flow of money/value from BTC to ALT coins. This is due to the prominent correction of the BTC value and the need of smart money to maximize their profits by moving funds from BTC to promising ALT coins. The latter will signify an ALT-Season which will not last for long (a couple of weeks to a month the most) because everyone know that BTC hasn't hit its ATH yet. Thats why i call it MINI-ALT SEASON. Soon money will flow back to the king and adding to that retails will FOMO in, leading BTC to its new ATH through an impressive final bull-run . As soon as the top is in and while dump retail money will be still fomoing, smart money will be taking profit and/or moving to lower caps for even greater gains. This final stage will signify the final ALT SEASON and the beginning of the BTC bear market. blue vertical lines = halvings purple vertical lines = BTC ATHs arrows = start points of the MINI-ALT SEASON
CRYPTOCAP:BTC.DShort
by dark_nebula
4
BTCD 1D in Ascending triangle @ RESIST - Time to break out??Taking a macro look, we can see that Bitcoin Dominance has been ranging within an ascending triangle- a bullish pattern. It's been rejected by the current level twice before, but is third time the charm? The huge volume behind the recent move suggests it might be... It also recently broke out and then retested the top of the previous descending channel which started forming back in September, another bullish sign. However, being at historical resistance & the top of the recent rising broadening wedge, I wouldn't be surprised by a retrace towards the bottom of the pattern before another attempt to break out-- there's definitely still room within the pattern for this idea to play out. dotted lines show previous support & resistance. Happy trades, CD
CRYPTOCAP:BTC.D
by cryptodonovan
2
long awaited alt szn, close to being confirmedGood evening friends, happy new year! I see this as an opportunity to come back into publishing some ideas again after the holidays. But we both know I didnt do much anyway, so thats just an excuse! Well, yes and no, as much as I didnt do much for the holidays I am getting my bags ready to move back to Brazil after 15 years living in the USA. Anyway, what I wanted to point out here is a simple race that could show us if this is the start of a big and long awaited alt season. The race between the red rsi and white energy has started and what we need to happen is: we need the red rsi on the higher time frames to close below 50 before the white energy on the lower time frames close above 50. So now we need the white energy on the 3h to stay below 50 so the rsi on the 6h close below 50. On my last BTC.D publication I mentioned the 4D could be exhausting and maybe this right here holds the key to freedom for them alt coins! poor bastards, they suffered this time xD Trade thirsty my friends!
CRYPTOCAP:BTC.D
by mr_willmedina
6
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