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Dominancebtc

#Bitcoin Dominance Pump Incoming? Alts in Danger!Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get straight to the chart. It's been a while since I posted this chart on BTC.D, BITCOIN Dominance is currently facing the triangular resistance. The rejection would lead to some rally in BTC pairs. Unless we see a confirmed breakout or a breakdown it's better to wait for now. IMHO Bitcoin looks prime at this point so if the current money in the market flows in BTC we won't see much change in ALTS/USDT pairs. Instead, we will see a dump in BTC pairs because of an increase in BTC dominance. What's your thought on this? Do share in the comments section. Stay tuned More updates coming up. Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:BTC.DLong
by Cryptorphic
1
BTC.D probabilityafter hitting the first target we are going for the second one which is the midline of the bullish channel. I believe the could be some retracement in that area however, we have 3 possible scenario 1- bounce down to the red support which will lead us into an alt party 2- bounce down but the upper band of static channel support it 3- without any bouncing break the mind and goes for higher numbers all of these options possible but I believe number 1 and 2 is more possible if we check the history and the history wanted to be repeat so we need an alt party
CRYPTOCAP:BTC.D
by ZorgOros
IS ETH FLIPPENING REALLY HAPPEN?The term Flippening was colloquially coined in 2017 and refers to the possibility of the market capitalization of Ethereum (ETH) overtaking the market capitalization of Bitcoin (BTC). Therefore, the term describes the hypothetical moment in the future when Ethereum becomes the biggest cryptocurrency by market capitalization. Lets compare bitcoin dominance to the other coin. ETH is the top and largest altcoin by market cap. Bitcoin dominance shows BEAR FLAG, While ETHBTC shows BULLFLAG. (This is just a simple idea which totally rely on chart pattern.) Is it a possibility of flippening? Lets put your thought in comment.
CRYPTOCAP:BTC.D
by vanperso
2
July 2021 Update: When Next Alt Season?This is an update on my previous idea. An ascending wedge is playing out which typically breaks above the upper line of resistance to reach the 1.23 Fibonacci level at the very least. If this happens, it would honor both classical TA, as well as past chart patterns on BTC.D. RSI should also hit 70 like it has done several times in the past. This seems to be the most reasonable plan. The only change is this: I am willing to consider a scenario where there is a case to start scaling into alts as the dominance hits the 20 week MA (about 49%-50%). IF (this is a big if) these things happen: 1. ETH and major DeFi show reversal patterns on the 12h charts AND 2. BTC continues to be neutral to bullish. If either one of this stops being true, I will wait for the ascending triangle to play out before scaling in. And yes: SCALE IN. don’t buy your bags all at once. Its Ok buying little by little on the way up or down, provided you sell at your intended targets unemotionally. Here is a bonus rant following some of the comments in my previous idea: PLEASE for the love of god DYOR before putting your money in shitcoins. Alts DO NOT perform well when BTC is bearish. Yes you can shill me Link or XTZ and show me charts of how well some coins performed during the wider bear market but those are the exceptions and NOT the norm. There are too many coins and picking winners is difficult. Its much easier to buy alts before an alt season where you do not need to be picky. Buy anything that you like. Even if you miss the 10xes you will still 2-3x on your coin that you think isn’t pumping to your liking. The wise thing to do in that case is to book profits and sit back. This is trivial to people who have been in this space for a long time. Even if you are new, the May crash should have made things very clear. The drastic changes in sentiment and price action WILL REPEAT like it always has. Learn this early and you will survive downturns. Most people who stick around do so not because they made a shit ton of money. They stick around because they SURVIVED.
CRYPTOCAP:BTC.DLong
by brotoshee
4
BTC D -- BIG Drop ? History Ryhms ? BTC looks set to drop like it did in July 2017 (see left circled area) vs (current circled area.) -- both bear flags. The MacD in 2017 did a loop down and then met in the middle, then did another loop down --- current setup on the line looks similar. The RSI is at the same height it was in 2017 when it did the same thing. Last time it came up a bit from the bottom before the line also. I think there is a very strong chance we are going to see BTC take another leg down somewhere around the white line on the chart at maybe 24%
CRYPTOCAP:BTC.D
by CatShark
5
Bitcoin Dominance Update and Altcoins Session is End ..?#BTC dominance Update:- #Bitcoin Dominance currently 46% Last Post I told you if break down 47.20% then Altcoins will bullish. So now some strength in Altcoins. Now..? Now Dominance already bearish so I am expecting One more Altcoins sessions. So Below 46% = pump Altcoins And If dominance above 46.20% then We can see Altcoins more down. Support:- 46% Resistance:- 47.64% Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
CRYPTOCAP:BTC.DShort
by CryptoPatel
12
Dominance at no trade zone, Use stop lossBitcoin Dominance Update: Bitcoin dominance is rejecting from the resistance level again. If BTC dominance breaks the resistance level of 48.3% we see more dump in alts and dominance will go towards 50% levels. The support is near the 45% area and if BTC stable for a week we will see some relief rally in alts. Don't open many alt long positions as the dominance can go either side. Manage your risk and must have some USDT and BTC in your portfolio. Don't go all-in into alts.
CRYPTOCAP:BTC.D
by Bitcoinik
BTC.D market updateHello, Traders! After falling steeply during March-May this year, there has been a rebound in the BTC dominance chart. The pattern in the market remains as follows: when Bitcoin's price drops, altcoins lose more value than Bitcoin, and when it rises, altcoins lag significantly behind. This shows us that Index (Bitcoin) is stronger than other assets in the market. This dynamic causes the BTC's dominance to increase. At the moment, the price value on the dominance chart is in the range of 46.05 - 50.12 As can be seen from the past, this range served as a reversal zone in 2017-2018. Altcoins have lost between 75% and 90% from their highs so if the current trend continues, we could see an exit to 50.12 on the dominance chart after which the market will reverse. Good luck and watch out for the market!
CRYPTOCAP:BTC.D
by UnknownUnicorn10064030
TrendTracers Weekly Market Analysis #7TrendTracers weekly analysis Review last week conclusion Last week’s conclusion still holds up. Bitcoin is more bearish and we profited off some shorts. BTC BTCUSDT is testing the HMA after a buy signal indicating a possible long but price is still in chop. Price is ranging and we broke slightly above resistance finding liquidity and dropping back down into the range. We will be more bullish when price breaks the 36500 level, where the EMA is. Beware taking longs here since price is still below the weekly baseline and within a range. BTC.D is still accumulating from the lows and hasn’t done much since last week. The chart is moving sideways but it’s definitely not altseason. So our advice is to stay out of altcoin longs. ETH Our bearish case from last weeks is playing out on ETHUSDT. Price broke down from the ascending triangle and we expect a drop into support between 1750 and 1400. Alternatively price can form a higher low here but to confirm it a bounce above 2300 is needed. If that is the case and our system prints a buy signal, we go long. ETHBTC is still within our triangle but it needs to reject the lower trendline soon. If this pattern plays out it will suggest a breakout to the upside, meaning a larger movement of Ethereum than Bitcoin. DXY, USDT We called a bottom on the DXY last month and it looks like we were right. DXY shot up 2.3 percent since then. A test to 93 is expected, if this level breaks there might be a global sell off across the markets. Let’s hope that the DXY will reject the 93 level. USDT.D is creeping up towards resistance. We are waiting on a rejection at 5.00 percent. Or we are forming a range here meaning some more upside for BTC on the downtrends. If USDT.D breaks resistance at 5.00 percent and stays above it for a couple of days then the crypto market will be very bearish. Conclusion The market is going sideways. On BTC we want to see 37k break or we want to see a liquidity grab around 28k and a quick wick up. Until then, sitting on your hands is still the thing to do. It has kept us safe during this chop. These are periods in the market where a lot of traders are losing. It’s best to wait for price to start trending again and when the trend is confirmed, act on it.
CRYPTOCAP:BTC.D
by dab1rd