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Market Cap BTC Dominance, %Market Cap BTC Dominance, %Market Cap BTC Dominance, %

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BTC.D trade ideas

Bitcoin Dominance Index - Altcoin Season (weekly time)Bitcoin Dominance Index - Altcoin Season (weekly time) according to the chart: 1- From the bottom of 39.57%, a strong five-wave pattern was formed up to 55.44%, and with the completion of the 5th wave, this movement is over. 2- $52,000 bitcoin is not compatible with the current price of altcoins, and altcoins owe a move to the market, which has been braked by Dominance up to now. 2- The prediction correction pattern for this abc movement is according to the chart, which can be started with the completion of wave B and the start of the reversionary correction wave C. 3- wave c; It can continue at least until the specified target of 48.89% 4- Depending on the chart structure of each altcoin, we can predict a powerful wave and a new ceiling for altcoins.
CRYPTOCAP:BTC.D
by Drbehroozi
Analyzing Bitcoin Dominance (BTC.D) & the Altcoin Rally ForecastThe Bitcoin Dominance chart reveals a bearish divergence on the 3-Day chart, a signal we previously highlighted in our analysis. Since then, BTC.D has engaged in a range-trading dance, marked by the emergence of a Lower Highs and Lower Lows pattern. The plot thickens as BTC.D approaches the downtrend trendline, poised to act as formidable resistance. Should this trendline hold its ground, especially if the daily close remains below, we anticipate a substantial drop in Bitcoin Dominance. Our eyes are keenly fixed on the key support area ranging between 44-45%, a critical zone aligning with the 61.8% Fibonacci retracement level. Yet, in case of the decline, first we must not overlook the significance of the 49% demand zone. The broader picture paints a compelling narrative—we stand at the precipice of a potential altcoin rally. The unfolding scenario hints at the very beginning of a transformative phase, with the possibility of many coins doubling in price.
CRYPTOCAP:BTC.DLong
by CryptoPAMM
5
Markets are dynamic journeys, not linear sprints.The market's dance is a complex waltz, not a straight-line dash. Ideas, fueled by innovation and market forces, often blossom slowly, requiring patience and a keen understanding of different timeframes. While the allure of catching the exact bottom or selling at the precise peak might be tempting, it's important to remember: Long-term vision prevails: Your investment journey should be guided by a well-defined plan, one that considers your individual goals, risk tolerance, and the fundamental strengths and potential growth paths of the assets you choose. Don't fall prey to short-term fluctuations or the fear of missing out (FOMO). Timeframe is your compass: Day traders dance to the rhythm of minutes, while value investors follow the melody of years. Each strategy has its place, but aligning your approach with the timeframe it's suited for is crucial. Imagine trying to analyze a company's long-term prospects based on hourly price movements – it's simply not the right tool for the job. Reality over rainbows: Remember, markets are inherently volatile, and expecting guaranteed outcomes is like chasing a pot of gold at the end of a rainbow. Instead, focus on making informed decisions based on sound research, risk management strategies, and a realistic understanding of potential returns and setbacks. Long-term (Years): 2011: Imagine buying Bitcoin at around $1 in 2011 when it was still a nascent technology. While there were many ups and downs in the years that followed, holding onto it through various market cycles would have resulted in significant returns despite not catching the exact bottom. This exemplifies a long-term investment strategy based on believing in the potential of the technology. 2021: Even if you bought Bitcoin near its all-time high of $69,000 in November 2021, with a long-term perspective and a belief in its potential future adoption and value, there's a chance it could still generate returns over the years, provided the underlying technology and adoption continue to grow. This emphasizes the importance of considering your investment horizon and risk tolerance. Mid-term (Months): 2023: In June 2023, Bitcoin dipped below $20,000. A swing trader might attempt to "buy the dip" based on technical analysis suggesting a potential trend reversal and hold for a few months in anticipation of a price increase before selling. This highlights the use of technical analysis and shorter-term strategies, but still within a broader context of understanding overall market trends and risk management. Short-term (Days/Hours): Scalping: A day trader might try to capitalize on intraday price fluctuations in Bitcoin within minutes or hours, using technical analysis to identify quick entry and exit points. This showcases a highly active and risk-intensive strategy requiring advanced knowledge and skill, not suitable for everyone. Key takeaway: These examples illustrate how different timeframes require different approaches and risk tolerances. It's essential to choose a strategy aligned with your goals, knowledge, and risk tolerance. Remember, even within timeframes, there are no guarantees, and past performance is not necessarily indicative of future results.
CRYPTOCAP:BTC.DEducation
by ParabolicP
POTENTIAL ALTCOIN SEASONWith the successful breach and consolidation above the trend line this week, the dominance is poised to sustain its downward trajectory. In this scenario, a potential altseason is anticipated, albeit in a more nuanced and compact form. Upon reaching the 48% threshold, a strategic move would involve securing 50% of portfolio positions. This proactive step aligns with a deliberate risk management strategy amid the evolving market dynamics.
CRYPTOCAP:BTC.DShort
by Ichigoo_Kurosaki
4
Shifts in Market Cap, Bitcoin's Path, and Rising DominancePlease check the last 2 ideas about Total market cap and BTC price first. this is continuation on them. The BTC dominance chart adds an intriguing perspective, showing an untested break below a significant support zone, suggesting BTC's market dominance could increase to 57%-60% in the short/medium term. This aligns with ongoing discussions about BTC's inclusion in ETFs, possibly lowering BTC prices to attract ETF investors and validate the inclusion of crypto in these funds. Conclusion: In the short to medium term, we might witness a reduction in the overall crypto market cap and Bitcoin prices, potentially increasing BTC dominance. This aligns with the broader market strategy of preparing for multiple scenarios, ensuring readiness for any market movement. Disclaimer: This analysis reflects my perspective and should not be the sole basis for your trading decisions. Always prioritise risk management and remember that trading involves risks.
CRYPTOCAP:BTC.D
by eltaajir
BTC.D - technical analysis on the weekly chartThe BTC.D chart is very important to watch on the crypto market. It can predict an alt season or bitcoin season. Right now, I am expecting a bearish pullback to the rectangular formation and, after that, a bounce. If the price falls inside the rectangle, I become very bearish on the BTC.D chart. The price is currently below the main trendline, which is of course a bearish sign, but we need more confirmation. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
CRYPTOCAP:BTC.DShort
by Xanrox
3
BTC.D 1DIntervalHello everyone, I invite you to check the situation of BTC's capital domination over the rest of the market. We will start by identifying the downtrend channel where we can see that the chart is moving. Looking at the current growth, it is worth spreading the trend based fib extension grid, thanks to which we can determine significant resistance at the level of 53%, and further significant resistance at the level of 54.47%. It is worth looking at the EMA Cross 10 and 30 indicator here, because you can see on the chart how the red line 10 is approaching the intersection of the green line 30 from below, which may give an impulse for another increase and taking capital from the market. Looking the other way, we can designate supports in a similar way. And here you can see how strong support at the level of 51% maintained the decline, but it is still worth keeping in mind the level of 50.19%. When we look at the RSI indicator, we will see that we are staying below the downward trend line, with some room left. However, the STOCH indicator remains above the upper limit, which should lead to a change in the trend and the transfer of capital to the rest of the market.
CRYPTOCAP:BTC.D
by cryptodailyuk
When is the altseason?Many people are waiting for the growth of altcoins, which does not happen in any way. Judging by the dominance, we are drawing a rather interesting and very working formation - 3 vertices or 3 drive patterns. Also, if we use classical technical analysis, then the dominance in the area of 57%-58% has a large level of resistance, which should meet us with a pullback. I add all this with a weekly histogram, which always accurately indicates the upcoming reversal. The only thing is that after carefully studying the charts of altcoins, dominance and Bitcoin in past cycles, I saw that altcoins did not grow at all. In other words, there was no altseason at all, until Bitcoin updated its historical high. Thus, it makes no sense to expect some wild altseason, it simply won't be given. But potentially, altcoins can still grow a little, waiting.
CRYPTOCAP:BTC.DLong
by Ichigoo_Kurosaki
1
BTC.D WILL NEVER REACH 58% EVER AGAIN AND/OR HOLD IT.The statement is made to stablish what I believe is obvious, but considering what I've been learning from all on CT, this is my opinion of course, not financial advice. BTC market share around 10T Total Market Cap would reach maybe 3.3 on present cycle, where ETH may reach 1.1 with SOL.D above it by small % maybe reaching 14% on a very tiny window. All behaviour of Altcoins Dominance regardas past cycles is suggestion the market share is going to expand (logic) and the race would be to hold above 10% and for BTC to hold AND sustain, above 25%. I Believe BTC will touch the base of the Fib Channel, around 14% meanwhile the window closes and the market shuffle is over. Happy Harvest.
CRYPTOCAP:BTC.D
by TheMatterMaker
📈 Bitcoin Dominance Major Drop AheadWe have a large combination of major signals on the Bitcoin Dominance index chart. Let's look at these one by one, together... If you enjoy the trade idea you can boost and comment, that's all that is needed to register your support. Bitcoin Dominance Turns Bearish When engaging in technical analysis, we always focus on a mixture of systems, we do the same across all professions. We take the best of each method and combine it to get the best possible in this world... So we start with candlestick reading, the first signal, very strong even when considered on its own. ➖ On the 4th of December 2023 we have a shooting star. This signal can show up at the top of a trend. We can see the highest reading since April 2021, 2.5 years. The next signal confirms this one as the top of a bullish wave. ➖ This is followed by the bearish engulfing pattern. This pattern includes two sessions, 1-Jan and 8-Jan. The week 8-Jan takes the full space of the previous week. It wicks higher and the real body is bigger on both the open and close. ➖ The bearish session 8-Jan pushes the index below EMA10, has the highest bear volume since November 2022 and is also a lower high compared to the shooting star. All these signals add further strength to the previous two while at the same time can be considered on their own. This is a total of five strong bearish signals working together. The current price action is happening below EMA10, a small bounce and minor development that does not alter the bearish potential. ➖ The Head & Shoulders pattern is a top formation. When this signal shows up it can signal that the top is in. ➖ The Renko chart is showing a clear top pattern and the action moved below EMA10 and EMA21; Multiple bearish signals combined. ➖ Broken uptrend/ascending channel. Market conditions can always change, but after 455 days of sustained growth, I wouldn't be surprise to see a correction show up. A drop can take the index first to 49% to test EMA50 (0.382 Fib.) and even lower to 47%, 45% and even 43... This is a wait and see, because this index tends to behave strangely and doesn't necessarily moves with Bitcoin but when it goes bearish the Altcoins value tends to increase. Namaste.
CRYPTOCAP:BTC.DShort
by AlanSantana
12