BTC.D trade ideas
btc.dBitcoin Dominance is in the range to spill if it starts down (we can see the alt-season, although many altcoins are in very good support ranges)
Bitcoin Dominance (BTC.D) alt season??Hey guys, its your boy CryptoGao with a Bitcoin Dominance chart that I am using as one of my indicators/guide for the upcoming alt season.
This is a chart Ive used for several years as an instrument into identifying ALT SZNS.
BTC Dominance Heading up?As I mentioned before (check the related ideas), Btc Dominance chart has a bullish structure which has kept it until now despite the growth of the whole crypto market in the last months.
I believe the structure will continue to rise until the depicted zone on the chart and from there we’ll see the decline in the BTC Dominance which will correspond to so called Alt season…
Lets see how its gonna play out
Always a student
Alt Season Around the Corner (Scenarios)Bitcoin Dominance may be topping out here - a possible triple-top.
Meanwhile many alts are bottoming vs. Bitcoin.
A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms.
This could occur as soon as next week.
Other possible scenarios could be:
Scenario 1: Mini-Alt-Season First: Then Bitcoin Dominates again -> Actual Alt Season:
For this scenario, we'd likely see something like an initial breakdown of Bitcoin Dominance and breakout of Alts vs. their Bitcoin pairings, followed by a pullback on both as Bitcoin rises higher and alts lose vs. BTC again, hitting higher lows near bottom prior to the real breakout.
Scenario 2- Breaks and Pullbacks Now: Dominance Breaks above 54.09% now -> Alts Lose their Bottoms Briefly -> Alt Season
In this example, there's a breakout above recent Bitcoin Dominance highs (weekly close(s) above 54.09%), and alts breakdown losing their current bottoms vs Bitcoin (weekly close(s) below their weekly lows). Then a pullback below 54.09% and above alt's recent lows leading into an extended alt season.
Scenario 3 - Idea is Invalidated - Dominance either heads up strong and Bitcoin eats alts or it falls as Bitcoin drops hard as Dominance does and the entire market moves down
This final scenario is the invalidation of this idea. Bitcoin either rises hard along with dominance and destroys alt/btc pairings, or dominance and Bitcoin drop together as the entire market weakens - and if this occurs, I'd expect the signal for it would be as TVC:DXY strengthens heading above 106-108 and then 112-115 (see my other published posts about the Dollar Index and how it relates to crypto and stocks on the macro).
Hope this helps someone, cheers and good luck!
- dudebruhwhoa
Bitcoin dominanceBitcoin dominance is currently forming a symmetrical triangle pattern. If it breaks out of this pattern upwards, it could climb back to the 55% zone. This might lead to a decrease in the value of alternative cryptocurrencies (altcoins). However, if Bitcoin's dominance breaks down and falls below the support level of 53%, it could drop to 52% or even 50%. This could be beneficial for altcoins, which might start performing well if Bitcoin remains stable during this time. Manage your risk and trade accordingly. Be patient and wait for the right time to print money.
BTC.DominanceWe are so close for an altcoin season. Lets hope the dominance drop so we can make some real money :) It trippled topped but still have cloud support on Daily... drop pliz :D
#BTC.D 4H Chart
Bitcoin dominance is currently retesting the resistance line. It needs to break out the descending triangle as well as the resistance at 54.1% in order to expect further bullish movements.
Destiny 4h BTC.DIn the four-hour frame, the candle formed very clearly shows the impact of resistance and promises a fall
Destiny 4h BTC.DAccording to the type of piles formed and according to the pattern taken, and according to the indicators, shedding is inevitable
Alt Season Incoming Super Bearish BTC DominanceAs we can see there is a head and shoulders pattern and also looks like a massive rejection is about to happen
BTC Dominance and BTC PricesBitcoin Dominance spikes in either direction correlate to volatility within the Bitcoin market.
Did I Time it?Back in 2020, I noticed some demand zones/Order Blocks in BTC. My question to you guys is, it I technically time the bottom or not
Altseason incomingBearish RSI divergence is going to bring the BTC.D down and ALTS are going to skyrocket
Is it just a March 2021 replay?The idea is simple. Bitcoin is in macro distribution phase. 58k potential support. Bullish on alts.
CRYPTORE REVOLUTION: BTC.D - ALTS RUNNING FOR POWER📣 Hello everyone!
Since 2017, the full picture on the Bitcoin dominance index chart has remained incomprehensible to me, at least because of the short history. Now, 7 years later, for myself today I clearly understand that the trend on the BTC.D index is clearly downward, and all upward rollbacks are corrections to a long-term downward trend.
I believe that a global triangle is forming on the Bitcoin dominance index chart, which will be broken down and Bitcoin will begin to rapidly lose its dominance. The 20% target could be achieved by 2027.
⚠️ Think for yourself, decide for yourself - good luck in making independent trading decisions and profits ✊
Goodbye!
Bitcoin dominance will decrease against altcoins is nearBtc dominance its in danger now ... altcoins will pump AF
BTC dominanace Rising wedge likely to break downbreak down of the rising wedge could see us going to 50% dominance as we are rejecting from the 55%
~52.7%Hi.
I have to admit that there is an increasing likelihood
of dominance falling off the ascending diagonal at last.
The 1 day and 2 day charts show the corresponding signs.
But things are happening very slowly.
We have to wait for behavior around ~52.7% .
But signals are very interesting.
9 seasons showed a bearish plot again.
LaRSI reversed on 2 days.
📈Checkout the dominance, AltSeason is close!📉CRYPTOCAP:BTC.D
BINANCE:BTCUSDT
There are two scenarios for the start of a bullish rally in altcoins.
Scenario 1: If Dominance fails to break above the 53.35 level, it will move towards the bottom of the pitch-fork. In that case, we will have a short but relatively intense and exciting rally in altcoins.
Second scenario: With Dominance stabilizing above the level of 53.35, the rise of Dominance to the level of 57 will cause Bitcoin to continue its rally and test the level of $70,000 and above. Further, by placing Dominance between two blue resistances and even falling to the bottom of the pitch-fork at the same time as Bitcoin stabilizes at around 65-70 thousand dollars, it can involve altcoins in a longer-term rally than the first scenario.
Note: This week, after a short period of time when I had little analytical activity on this page, I plan to introduce and analyze my suggested altcoins in this rising market. We will have fun plans soon.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Mapping out some indicatorsUsing the Bitcoin dominance to understand the flow of money within the cryptocurrency market, particularly the rotation of investment between Bitcoin and altcoins (including large-cap, mid-cap, and low-cap cryptocurrencies).
