Btc dominance start to increase againBitcoin dominance again in increase
We dont want it to Daily close above 63% because that will be very bad to alts
Dominancebtc
Crypto compare At this moment you should be patient to react the #btc dominance and total 2 for alts and btc price, but i share my plan with you all 🙃
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BTC.D / Bitcoin Dominance about to drop? #BTC.DThe Bitcoin dominance has been falling ever since september of 2019.
Since late august of 2020 it has been rising though and altcoins have been bleeding against Bitcoin.
Now might be the time to continue the descend.
The level of 60.35 seems to have been significant on numerous occasion, working as both restistance and support in may of 2019 and again july-september of 2020.
The chart went below it mid-august and has since struggled to break above it. I believe it will keep struggling, get rejected again, fall further letting altcoins surge.
Will see...
I still believe that BTC.D should at least go to 50.0 before it's super-domination begins.
Bitcoin Dominance BTC.D - Head and Shoulders + Broken trend lineHead and Shoulders pattern is still valid. This is extremely bad for altcoins, this Head and Shoulders pattern is powerful. Also, the major trendline to the downside is broken. Big move is probably coming and it will be nasty. You can short altcoins on Binance Futures / Bitmex or move your Crypto to USDT temporarily - only for traders. Monthly chart is still bullish for altcoins.
BTC Dominance, An upward accumulation!All the technical patterns say about possible Bullrun!
1. The price broke the downward channel;
2. A huge accumulation under the local resistance;
3. Lows are higher than previous ones.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
Alts are gonna bleed moreThe BTC dominance chart has a gap as shown in the chart. my assessment is that it's gonna fill the gap and test the upper line of resistance (Drawn in red).
Whats gonna happen next? i don't know. we gotta see
BTC.D BullishBTC dominance seems to be reach 68%
let's see what's happens?
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Bitcoin DominanceBitcoin dominance has corrected for quite a while after 5 waves and an ABC shown by the TD D-Wave indicator. Also today it ends this 9 weekly buy signal after bouncing from the TDST support line.
Everything is ready for BTC Dominance to reverse and go higher!
BTC Dominace Boost!Bottom line of the long term channel!
With a high probability it will boost BTC to approx 66% dominance, to the upper channel.
I hope you are in BTC again ;)
No financial advice!
Beware the Altcoins will start bleeding Looks like the Bitcoin dominance chart has tested resistance as support (4HR). This could lead to BTC making bigger % gains against ALTS
Bitcoin Dominance - GOING DOWN!! Should this H&S pattern play out we might see some nice ALT gains next week!! :)
BTC dominace will stand up?Hello, traders.
BTC dominance keeps slumps after every bull attempt to gain market cap, and the price is inside on what it seems to be a bearish downtrend channel.
But if the price goes above 62 regions we can imagine that this downtrend will be over and the price will make a bear trap on that major support level, and after that, they gain market cap consistently.
Best Regards.
BTC.Dominance going up for pullback & altcoins for correctionBTC is about to make a bigger trend move either UP or Down the Altcoins are going for bigger correction soon. Opportunity to rebuy at lower prices for the ready ones. BTC 13k or under 10k move. Be ready
Raising Wedge in the BTC Dominance chartThe bitcoin dominance chart has a short rebounce, but the pattern of a raising wedge is bearish. I expect it to break down and for altcoins to rally harder
$BTC #BTC #DOMINANCE ALTSEASON IS COMING? DOMINANCE IS GOIN DEEP ALTSEASON IS COMING? DOMINANCE IS GOIN DEEP
BTC.D 1H chart looks like double top for me with small bearish divirgence on 1H stoch, MACD looks the same direction
Considering my plan for BTC, I'm looking dominance to go back down this time, giving breath to alts.
Bitcoin Dominance 5D Chart Shows Downward TrendDespite the attempts of Bitcoin Whales and Maximalists to maintain Bitcoin as the number one crypto... the market seems to be moving towards altcoins more and more.
As new projects form... old projects evolve... and new money floods into the crypto market... it seems inevitable that the 'altcoin' market cap will increase relative to the bitcoin marketcap.
That's not to say the Bitcoin Whales won't fight for their prized possession. Through various market manipulations and maximalist shenanigans, they will attempt to bolster the price of bitcoin with large upswings in the price of BTCUSD expected.
Follow us for analysis as the crypto markets evolve over the coming summer and US elections and towards the new year.
BTC dominance (Y20.P3.E26).MACRO. Coming to a volatility areaHi All,
BTC dom just did a bounce with a bullish divergence.
Question is how much of a bounce its going to be? Difficult to say.
I think it will go sideways and hence volativity in the coming days.
Ultimatelly I have it headed down to 55% or so.
Daily Chart
BTC Dominance at MONTHLY RESISTANCE Sorry, Guys! I was busy, that is why I was unable to post any analysis.
Okay, Today's Analysis are very very very IMPORTANT, as it dictates the crypto market.
Bitcoin is the mother of all cryptos, if it moves, let's move accordingly.
First, let me give you the concept:
CONCEPT:
When the dominance of Bitcoin increases, the dominance of Altcoins decreases having mid to low cap. More bitcoin dominance means more people are investing in bitcoin. This means that market is investing in bitcoin and withdrawing their assets from altcoins which causes the altcoins to drop.
Let's understand the supply and demand concept.
For Bitcoin:
Supply = No. of bitcoins
Demand = No. of buyers
Now, currently is a demand for bitcoin has increased means more buyers are there in the market which directly pushes the dominance of bitcoin and ultimately leads to an increase in its price, and supply is becoming less.
For Alts:
Supply = No. of Altcoins with there supply ( More than 1000 alt cryptos with billions of supply )
Demand= Again the buyers
Now, as the Supply is immensely huge in altcoins but the buyers have shifted from altcoins to bitcoin causing a decrease in demand of altcoins, which lead to increase supply, and that caused the price to the dropdown.
That's why the price of ALTS has gone down.
Big Alts Like ETH, XRP having large Market Cap follow Bitcoins, but Mid to Low cap coins have a reverse effect of bitcoin dominance.
I have tried to educate you guys, I think you have got the idea of how Crypto Market works.
Chart Analysis:
Right now, Bitcoin dominance is between the Weekly Zone 61.98 and Monthly Zone 64.40. From 13 July, three candles have been into this zone and have been rejected by the support at 61.98.
Also, see how the Trend lines T1, T2, T3 are being respected. We might see some retrace back to 61.98, in that case, Alts are gonna PUMP BACK, if anyone holding the alts can exit during the retrace of bitcoin dominance.
Those holding Alts, don't panic, wait for the btc dominance to retrace back a bit.
BTC dominance is converging, so right now it's not stable. Let it find the support and resistance and be stabilized, then the alts will be back.
If next week the btc dominance candle breaks the monthly level 64.40 and a new candle is formed above this level, then BTC gonna pump more and Alts are gonna DUMP more.
If Btc retraces back from this level, we gonna see the pump of Altcoins.
Thanks guys,
I hope you have got the idea of how Bitcoin and let's work in this crypto market.
BTC vs BTC Dominance. Price - Dom correlationGreen areas are where both BTC price, and BTC Dominance increased.
