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Dominancebtc

USDT Dominance (USDT.D) Short Update. USDT dominance is currently trading within a symmetrical triangle formation. The price has been recently rejected at the Ichimoku Cloud resistance level, leading to a slight pullback. However, the 200-day moving average (200MA) remains a key support level beneath the current price, suggesting the potential for a bounce if the price reaches this area. If USDTD breaks below the 200MA, this could indicate a decline in dominance, which may lead to an upward movement in the broader cryptocurrency market. Traders should keep a close eye on these technical levels to anticipate a possible breakout or breakdown, which could provide insight into the next significant market move. Stay vigilant and adjust your strategies according to these key technical indicators. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
CRYPTOCAP:USDT.D
by CryptoSanders9563
USDT Dominance Chart Update !!USDT Dominance Chart Update USDT dominance has broken above the descending trendline. The current level of 5.84% shows a slight pullback after reaching around 6.70%. Immediate support is around 5.50%. Long-term support is significantly lower at 4.56%. The immediate resistance level is at 6.70%, which was recently tested. Higher resistance is around 8.50%, which has not been seen since late 2022. If USDT dominance can stay above the 5.50% support level and break the 6.70% resistance, it could target higher levels around 8.50%. A break below 5.50% could lead to a decline towards long-term support at 4.56%. Keep an eye on changes in volume to confirm the strength of the move. Monitor the RSI for potential overbought or oversold conditions to identify reversal points. USDT dominance is currently in a critical range. Traders should keep an eye out for a break above 6.70% for bullish continuation or a drop below 5.50% for further bearish action. The 5.50% and 4.56% levels are key support areas, while 6.70% and 8.50% are important resistance areas to keep an eye on. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
CRYPTOCAP:USDT.D
by CryptoSanders9563
Which direction should Bitcoin Dominance take?#Bitcoin Dominance 1D chart; The white trendline starts from January 2015 and continues to the present day with a peak in January 2021. It managed to rise above the trendline with strong momentum. A decline will surely come, but it is too early for that. So why not now? In order for the decline to begin, the necessary infrastructures must first be formed. One of them is the RSI mismatch. There is no decline at the moment. Pay attention to the levels I have circled in red circles; the first one is a strong resistance level, the other is OB resistance. My opinion is that we can see a rise at least until the OB region.
CRYPTOCAP:BTC.D
by ugurtash
USDT.DOMINANCE 1DAY CHART UPDATE !! The 21-day moving average acts as resistance indicating that the price needs to move above this level to regain bullish momentum. If USDTD breaks below the support trendline of the rising wedge and drops below the Ichimoku Cloud, it would confirm the bearish trend. This scenario would likely correspond to a bullish move in the broader crypto market, as USDT.D moves opposite to major cryptocurrencies like BTC and ETH. USDT.D could continue to consolidate within the triangle formed by the rising wedge. This would involve sideways movement with possible minor fluctuations, indicating uncertainty and a lack of strong directional bias. Less likely given the rising wedge pattern, a sustained move above the 21 MA and sustaining above the Ichimoku Cloud would signal renewed bullish strength for USDT.D, potentially signaling a bearish trend for the broader crypto market. Bearish Indicators: A potential breakdown below the rising wedge pattern and the Ichimoku Cloud indicates a bearish outlook for USDTD. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
CRYPTOCAP:USDT.D
by CryptoSanders9563
BTC.D looking to decrease -> Altcoin Run until the end of 2024- Yearly range provided a reversal point with a clean market strcuture shift to the uspide, which price bounced off from to the 50% of the range. In range trading we call this take profit nr 1. - Price now usually bounces off a bit from the 50% (which price is currently at) into a FVG (marked in blue) / support level targetting the high of the range. With the expectation to drop into the fvg, altcoins should witness a push to the upside until the end of the year 2024. Afterwards we are expecting a rapid upmove of BTC.D to target 2 until the year of 2027, which would result in altcoins bleeding out. This idea gives us a great confluence with the TOTAL3 chart analysis, which we published before. You should have a look at this as well. (www.tradingview.com)
CRYPTOCAP:BTC.D
by SerenityEquity
Market update: Relief or more Dump?USDT dominance is currently hitting three major resistance levels: 1. 100 EMA (blue) 2. 50 SMA (red) 3. 8-month-old trendline resistance (blue) This confluence of resistance makes this level crucial. Taking into account the channel breakdown and retest, a rejection seems more likely at the moment, suggesting a potential market relief rally. Invalidation:- Close above the red zone. dyor, nfa Do hit the like button if you like it and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
5
Bitcoin (BTC) dominance for 2023-24Bitcoin (BTC) dominance is a metric that expresses the percentage of the total market capitalization of cryptocurrencies represented by Bitcoin. This value has a significant impact on the development and value of altcoins - alternative cryptocurrencies that stand in the shadow of Bitcoin. In this article, we will focus on the relationship between BTC dominance and altcoins and how the increase in Bitcoin dominance can affect the price of altcoins. The relationship between BTC dominance and altcoins is often considered to be opposite. When BTC dominance increases, altcoins lose value and vice versa. This phenomenon is associated with the so-called "altseason", when altcoins experience a period of growth and investors' returns significantly exceed returns from Bitcoin. In the coming period, it is expected that BTC dominance may increase significantly, which could have a negative impact on the price of all altcoins. This can be caused by various factors, such as the adoption of Bitcoin by institutional investors or increased interest in BTC as digital gold. Given the expected increase in BTC dominance, it is important to invest wisely. Investors should consider diversifying their portfolio, which means investing in multiple cryptocurrencies and/or traditional assets such as stocks, bonds, or real estate. This way, they can protect themselves from a possible decline in the value of altcoins due to increased Bitcoin dominance. In conclusion, understanding the relationship between BTC dominance and altcoins is essential for cryptocurrency investors. By keeping an eye on these metrics and adjusting their investment strategies accordingly, they can potentially minimize risks and maximize returns in this rapidly evolving market. As BTC dominance is expected to rise in the near future, smart and diversified investing becomes more crucial than ever.
CRYPTOCAP:BTC.DLong
by Bitcoinblockchainonline
3
Best time to Buy alts - Life time opportunity The uncertainty lies in how the price will respond, as historical halving have seen varied reactions. Often, the price has dropped, but sometimes this decline occurred several months prior to the event. Currently, the price is testing monthly support levels. Technically, there is limited potential for downward movement, given the heightened demand due to ETF involvement. This is my perspective on the current price action; shorter time frames offer little insight, while the monthly timeframe presents a broader view. Over the past few weeks, many trades have been invalidated due to the lack of movement in altcoins. This situation persists. Since we are trading altcoins, I'm providing two charts to assess their status: - Chart displays higher time frame resistance at 57.5. - If manipulation occurs due to the halving, we might see the price tap this resistance and then begin to decline. Consequently, altcoins may experience a minor drop followed by a significant increase. The chart indicates a rising wedge, signaling an uptrend in BTC dominance. A breakdown from this pattern would suggest the beginning of a bull run. The question remains: when will this occur? The answer is elusive as timing cannot be accurately predicted. However, in my view, the timing seems imminent, particularly after the halving event. With the halving, the demand for BTC is expected to surpass its supply, thereby driving prices higher. I anticipate that our positions will soon experience significant gains. Brace yourselves for challenging times and prepare for volatility. Avoid significant losses before the anticipated bull run.
CRYPTOCAP:BTC.D
by Crypto-Adda_Official
Dominance the system core- for me it has always been very complicate to explain BTC.D to peoples, because it's complicate ! lol - it's weird to understand the moves and many factors have to be compared together an alchemy have to happen to see something happening. - So basically to explain it, i will tell you what "we want to see" or "what we don't want to see" in the future. if the story repeats again. 1/ BTC.D have to grow up, then Altcoins will struggle down trying to find a potential bottom. - While BTC.D grow up, BTC price have to grow up also or at least stabilize ( this is a good sign ) 2 / if BTC price down and BTC.D up, it's bad, it's just the normal way ( No Divergence ) - When BTC price + BTC.D both up together, it's a kind of " inversed divergence ", it means something good gonna happens. ( get it ?) - Basically also if USDT/USDC Dom Grow and BTC price stabilize and not goes down anymore, it's a good sign. - Normality the normal way is : BTC up / USDT/USDC.D Down OR BTC Down / USDT/USDC.D up. - Before we had no reason to check those Stables coins because they had not much DOM in markets, but now have to count with them. - So While BTC.D is growing, altcoins will just make some weak moves. - When BTC will reach is next Dominance's ATH ( witch have to be lower than last years because more concurrence ) - BTC.D will crash and ALT SEASON will start. - it took me many years to understand that, but it's pure logic ( Fibonacci is working perfectly on it ) - again it's not easy to get it. - if you have any questions feel free to add a comment. Happy Tr4Ding !
CRYPTOCAP:BTC.D
by thecryer
21
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!
CRYPTOCAP:BTC.DShort
by AnonymousTraderAcademy
📈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.🍾
CRYPTOCAP:BTC.DShort
by CrazyS