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Bitcoin Dominance In Long Distribution, Breakout Soon?!Dear readers I would like to point out that Bitcoin Dominance (BTC.D) has made both complete wave-count on relative price as on the normal price and with this long sideways distribution we should see a big move in near future. This move could send the momentum for a further trend as the dominance went sideways for a really long time and is now finally able to find the least resistance route. Primary support would be the lower trendline at 61-60%, below that 52-54% of the market capitalization. This means altcoins should regain a good amount of market share proportionally to bitcoin. One could argue that this is a bullish hindsight signal, often a bullish altcoin market cap goes along with a positive sentiment and new money flowing into the whole market cap as investors are willing to take more risk. It would make sense for the other projects that have been developing over the years to finally get a competitive ground against bitcoin as they catch up with their own unique ideas, that try to cover shortcomings of bitcoin or explore a completely new field of interest. What do you think? Could a trend to lower bitcoin dominance lead to a more bullish market? I would love to hear your opinions or theories, please like and leave a comment!
CRYPTOCAP:BTC.D
by TheTrex
3
$BTC.D UPDATE - Altcoin Season Coming An update from my last Bitcoin Dominance idea, where I called out the dominance would top out in September then start to gradually fall before alt season. A lot of people are still calling for higher highs on the dominance, which just tells me they don't understand how to trade This has been a long time coming , alt season , dominance slowly falling and falling little % by %. There's going to be a period of about a month where the dominance just falls to around 35% like before in the end of 2017. History doesn't repeat itself but it often rhymes I'm not saying Bitcoin is going to tank in price, to be honest I think with the whole beer virus scam it's going to wake people up and start hedging their money. Whether it be Gold or a shitcoin like Cardano . I think we will see a mini altcoin season like we did at the start of 2017, then Bitcoin will start to spike up in price and during that time there will be a lot of hype and another altcoin season. So i'm thinking two, one mini and one huge just like 2017. If you were here back in 2017, it's already starting to rhyme. Just be patient and have confidence in your investments. As always please do your own research, I am not a financial advisor.
CRYPTOCAP:BTC.DLong
by kyer
5
Bitcoin Dominance: A Slow and Steady Rise 1D (Jun. 1)X Force Global Analysis: In this analysis, we explore the Bitcoin dominance chart in order to determine the probable cases of Bitcoin and altcoins that have been on a bullish rally. Analysis - Bitcoin dominance is trading within an ascending parallel channel, forming higher lows and higher highs - Within the ascending channel, we are consolidating in a smaller descending channel - This is a textbook bullish flag pattern, and it is expected that we see a potential breakout - Dominance is reaching close to the ascending trend line support and the 0.382 Fibonacci retracement support - The Relative Strength Index (RSI) is at neutral levels, having formed higher lows and higher highs as a sign of strength - The Moving Average Convergence Divergence (MACD) also shows decreasing bearish histograms, and a potentiality for a golden cross What We Believe Essentially, this indicates that capital that has flown from Bitcoin to certain promising altcoins, may flow back into bitcoin, leading altcoins to a bearish trend. A breakdown from the ascending parallel channel would negate this theory. Trade Safe.
CRYPTOCAP:BTC.D
by XForceGlobal
The Low Is In? Bitcoin Dominance Says BTC Goes Up!The BTC Dominance (BTC.D) chart is showing multiple bullish signals... Is Bitcoin about to go up? First we notice the ascending triangle, which is a bullish pattern. Prices are now trading above EMA10 while challenging EMA50 and EMA300. We have a reversal candle on the 13 March. Both the MACD and RSI are bullish and strong. All these signals are pointing up. Conditions for change If prices move and close below 64.17, the above signals become invalid. The red arrows enters play. NOTE: BTC.D moving higher not necessarily means that Bitcoin (BTCUSD) will go higher. Do you believe that Bitcoin will move lower or will it start to reverse and go up? Share in the comments section below... ----- Previous analysis (Bitcoin Bouncing Now?) : Bitcoin Drops To $3K Before $32K? New EMAs + Daily RSI Analyzed Bitcoin Weekly Update (MA200 Breaks / Bearish, Low $3ks Next?) Thanks a lot for your continued support. Namaste.
CRYPTOCAP:BTC.D
by AlanSantana
20
BTC dominance according to plan.In my previous BTC.D analysis, I've shown you scenario which I see could unfold (see here twitter.com ). So far it's going according to plan. BTC dominance is taking a real hit today, along with USD. DXY is dropping significantly as well. Strength of the dollar is too high and it will drop. Only a matter of time til it collapses. Last time that meant huge crypto bull run. Are you prepared? Are you stacked? This short TA is to give you an insight on what could come if the nerrative of an uper power keeps playing with world's economy. Keeping fingers crossed. If we take a look on the chart we see we got rejected by the 0.382 Fib level since bouncing from a short collapse down tonaround Fib 0.5 from our last run up (left Fib). I'm expecting us to hit 0.382, bounce and proceed down. Also, MACD could be crossing soon. Last time that started the 14 day red streak. All of this makes me believe we're in for a turbulent ride. Wish you good trades.
CRYPTOCAP:BTC.D
by Osemka8
BTC.D Bitcoin DominanceBearish situation for the dominance of BTC which tells me we will rebound on altcoins before BTC or the bounce will be much harder on alts. You can see my BTC analysis that BTC is still in good shape to $7600 level. I do not agree the 200DMA has been closed below because on the futures market it is not the case (no trading on weekends) For dominance -Daily averages - 50 below 100 and 100 below 200 with recent crossover to the downside -Weekly averages - below 200, below 50weekly average and high chance of closing below it today -Fib, from 2017 high to 2017 low- rejection of the retest at 61.8 which is the same level as 200weekly moving average, rejection of .5 fib today with bearish candle pattern -RSI - no divergence at all, still strong sell There are several altcoins which are still in good shape - rsi still uptrending well and MACD already on crossover.
CRYPTOCAP:BTC.DShort
by djmitchb
BTC.D Oversold Bounce? | Alt Coin Pull Back? Firstly Happy Valentine’s Day and welcome to another Crypto Update! Today we will look into the BTC.D chart to identify where the greater market is headed. The BTC.D is likely to experience an oversold bounce which may lead to a probable pull back in the current ALT season. Points to consider, - BTC.D broke key support line - All key moving averages broken - Testing local support - RSI in oversold conditions - Stochastics trading in lower regions - Volume spiking The dominance showed a lot of weakness when the key trend line was broken, this initiated the overall Alt season. All key moving averages where broken at the same time, which puts more emphasis on the bearish projection. Current support being tested is a critical area; a bounce here is probable to cool of all technical indicators. Currently the RSI is in oversold conditions, historically this leads to an oversold bounce back into neutral territory. The stochastics is trading in the lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside. Volume is clearly spiking, confirming a true breakout of a key trade location. A break of this current support will continue with bear momentum. Overall, in my opinion, a bounce is highly probable from such oversold conditions. The BTC.D is testing critical support, if this does not hold, then expect a prolonged Alt season. What are your thoughts? Please leave a like and comment, And remember, “In order to succeed, you first have to be willing to experience failure.” ― Yvan Byeajee,
CRYPTOCAP:BTC.D
by AzizKhanZamani
BTC.D looks weak. Thinking ALTSZN is about to come forthThis chart looks a bit on the weaker side. RSI trending down. 200w EMA didn't break out, and 50w EMA may also show some resistance. Too much excitement around other alts pumping (DASH, ETC, and a few others). Currently testing a year+ long bullish trend now, if that breaks (which I think it will), alts will start flexing. BTCUSD may too, but not as much. Then there is also the halving this year. I don't know how alts will react to this, being the first BTC halving I've ever witnessed. This is not investment advice. DYOR. Invest with caution.
CRYPTOCAP:BTC.D
by jbutler7
BTC.D: Don't Underestimate the TD Sequential 9 & 50 Week MAAs can be seen on the Daily chart using the TI Indicator, we are currently at the 50 Week MA on a Sequential 9. While the long-term 200 Week MA is sloping downwards (has a bearish posture), the 50 Week MA is rising (has a bullish posture). It's also clear from previous TD 9's, whether buy or sell signals, have been very reliable in calling short-term tops and bottoms. The RSI is also considerably oversold. I'm still bearish on Bitcoin dominance long-term, but remaining neutral as dominance is likely to find short-term support from current levels. It'd be reasonable to believe that dominance will retest the bear flag breakdown level, VPVR resistance as well as 21 Day MA around 66%, or even as high as the 200 Day MA at 69% that is now started to slope downwards confirming long-term bearish pressure. TI Indicator: tonevays.com Altcoin Dominance Eyeing Up A Breakout to 40% (January 2020) Cyrpto Market About To Bullcross: 50 & 100 Week MA (January 2020) Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:BTC.D
by dragononcrypto
ETH target $220! ALT - BULLRUN inbound? Dear traders and hodlers, Finally ... a new parabolic run incoming?! right now we see some resistance for ETH. I think we need to range one time more on ETH before taking off. Why? I think BTC.D is going to drop. BTC.D is now 15 days in consulidation and it wont go up. So conclusion.... if BTC.D goes below 66% we can see a ALT run up. ALTS are showing nice bottom bounces since years of time. Target ETH: My first profit target for ETH = $220 lets see how other (ALT)coins are going to pump. (or dump) it all depends on BTC and the dominance. Goodluck!
BYBIT:ETHUSD.PLong
by Mikki0416
(BTC.D) Altcoin Dominance Eyeing Up A Breakout to 40%With altcoin dominance closing back above the rising 200 Week MA last week, confirming Bitcoin's long-term weakness in market dominance, "ALT.D" (1-BTC.D+99) has again held the 30% support a second time and is looking for a breakout above 33.75% with a target to 40%. This would additionally be a TD Sequential trade on the Weekly chart with a Green 2 going above a Green 1, with oscillators (RSI, CMF and MACD) pointing to further upside. There will likely be some resistance and profit taking around the 50 Week MA around 35%, half way to the target, but I don't expect it to hold for long if volume continues to rise. The momentum would likely be too strong preceeding the confirmed trend change. Reward/risk: 2.1 Entry: 33.76% - TD buy signal and and new swing high since July 2019 Target: 40.7% - Previous support level as resistance and 100 Week MA confluence Stop Loss: 30.50% - Breakdown below the open of the 1 candle, 21 Week MA and into support range = bearish To me, this is a perfect trade. Previous altcoin dominance TA: Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:BTC.DLong
by dragononcrypto