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BTC.D falling from resistanceIn the spring of last year, the price went up a lot. After the growth, it switched to a downtrend and moved in it for almost the entire year. Until in Augusta 2020, the price pushed off the support and started a new trend (upward). We have been observing its growth for half a year. The movement is corrected by the support line and the line of resistance formed in August. But the movement between them is not uniform. In November, the price came to resistance and literally in a couple of days fell to support. Now, it took almost a month to rise to resistance. The price is at the line 70.68. In my opinion, the price drop this time will be longer with corrections and pullbacks. I expect the price to come to support. The target is 66.41. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
CRYPTOCAP:BTC.DShort
by DeGRAM
8
BTC Dominance hinting an alt season is nearBTC D. is used to calculate the % of BTC market cap has in the overall crypto market. We can see the broken rising wedge that restested TWICE. And formed a double top. Now the next move for the market is that BTC let ALTS breathe. In theory, the move down of the dominance would be calculated by the lenght of the wedge's base. This would bring us to 40% D. However, i dont think it will go that deep, even if i wish. But lets say that its time. A lot of big caps alts are not even 1/4 of what they where last BTC ATH. May take 2-3 weeks to take full action and go on for at least a month up until the end of march 21.
CRYPTOCAP:BTC.D
by The_Father_of_Crypto
18
#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
Hopium for the Holidays: Is Altseason Upon Us?A little hopium for the holidays at the end of a really bad year. I just noticed this from an earlier chart I published today (technically yesterday... I just haven't slept yet), re-publishing w/ an update. So, is altseason upon us? Like a wonderful gift just in time for the holidays? If this happens, heck yeah!!! We shall see, nevertheless, a very happy holidays (and HODLdays) to everyone on here. Much love dude, bruh, whoa! -dudebruhwhoa
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
4
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
BTC.D still showing signs of strengthHello my friends, I wanted to bring you another update for BTC.D On my last update, it had printed a daily bear flag, but it broke up, and just like a rising wedge can go parabolic if it breaks up, IMO so does a bear flag. Which it did, since my last update it went from 63% to 67%. Also, I would like to mention that I am dying to make a video publication using these new indicators, but in all honesty, my computer cant handle that lol so hopefully Santa brings me a new one for Xmas!! But I have to practice using these, so I won't wait until I can make videos. Anyway, lets get started... All the way to the right on the 4D you can easily see the green making contact with the blue LSMA indicating the expansion of the BBs, also it is higher than the white energy indicating bullish sentiment. If this was a coin, I'd wanna be on it! Note that the red RSI is above 56 in all time frames. It is currently making contact with the green while the green is going down on the 1D, however, it has not closed yet. If you look at short time frames such as the 3h, you will see its printing a bull pennant, and its right at resistance, which makes me think that it could keep pushing from here. But regardless, I do expect BTC.D to keep pushing higher at least one more 4D candle. Unfortunately our alt coins wont take off until this begins to trend lower on the higher tf. Thats it for now, I'll talk to yall later. Trade thirsty, my friends!
CRYPTOCAP:BTC.D
by mr_willmedina
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
BTCD - Well, well, well - is this it? BTC season confirmed?Looks like BTC has decided where we are headed and it's called BTC season! Once the week closes above the pennant, we will have confirmation and likely retest the breakout and push higher towards 70%. What does this mean? The bull market rally in 2021 will be led by no other than the king of crypto - BTC. How will alts behave? They will struggle to keep up as long as the dominance of BTC increases, however, as soon as BTC reaches a top, most probably around 80%, then alts will shine. That does not mean alts wont pump, they will, but in this scenario, you want to have most of your exposure in BTC. Like and subscribe to stay updated.
CRYPTOCAP:BTC.DLong
by DU09
Bitcoin Dominance Downtrend, Big Altseason ComingBitcoin dominance is in a downtrend in the weekly chart. We have not seen such a downtrend after the epic bull run of 2017. The next 2 weeks are the deciding weeks and we see a good rise in altcoins. Bitcoin is also trading in a range of $18,000-$19500 from the past few days. That will give some air to alts to rise. Bitcoin dominance should break the 60% level after that we see a huge rally in alts. Hold your alts tightly, A big wave is coming.
CRYPTOCAP:BTC.DShort
by Bitcoinik
4
BTC.D & How it Drives the ALT Market BTC.D negatively correlated with ALTS Wave 5-A dump of BTC.D happened when XRP pumped up almost 200% on Nov19 (Check for yourself) BTC.D in a large 1,2,3,4,5 ABC Elliot Wave Formation Now we see BTC.D being rejected at the 50 Fib level of wave A According to Elliot wave theory the size of wave B is either the 50 or 61.8 fib level of wave A Therefore potential for BTC.D to rise once more to 61.8 fib level which will cause ALTS to go down some more OR , BTC.D will go into wave C now which will lead to major rise in ALTS Alts dump related with BTC.D A-B wave The size of wave C is very big and the movement of BTC.D is about 4X the movement compared to major ALTs - XRP, XLM, OMG, DASH, Eg, 1% movement of BTC.D is approx 4% move for XRP Wait for Wave B to finish with clear red candles down towards C area, by that time you will see ALTS start to rise dramatically, thats when you get ready to long. For now you could put in some small orders on ALTS but dont go in too much yet because ALTS could fall down once more before the breakout... GET READY TO LONG ALTS! Out- WineTrader888
CRYPTOCAP:BTC.D
by WineTrader888
1