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Dominancebtc

BTC.D - Bitcoin dominance stays intact despite market dumpDespite 2 weeks long downwards market direction, BTC Dominance continue to drop lower. It seems that capital from alts during the dumps goes to stable coins as Bitcoin capital. Bigger alts players are down almost the same % as BTC. Chart setup is intact and the more time passes it more confirms that this bull market will continue thru Q1 and probable at least part of Q2 of 2022. This is weekly chart and you can see that dominance isn't making any huge moves when you compare it to last bull market. Fastest dominance movement in this bull market was March-May move. In last bull market confidence in the altcoin was low (even for Ethereum, BTC maximalist were much more numerous, not to mention other alts). Today some analysts even predicts that ETH will flip BTC at No.1. Many novel trader are not interested in BTC because of lower price rise possibilities (3-4x from current price is great ROI but in crypto most of trader are to greedy). Since alts reputation has risen, they are risking much more with them and also there are much more true holders of altcoin. Well, what that all means? In last bull market alts suffered much more when BTC dumped then this cycle and again when BTC rise they bleed in alt/BTC pairs. Practically it was impossible to hold coin without massive dumps. Something is different this cycle. For example, last dump from recent ATH: BTC: -22% ETH: -19% (also notice that ETH has much bigger daily wick then BTC) BNB: -15% Maybe this time maybe we could see BTC market peak and alts peak at the same time. If something happened in last cycle it doesn't mean it will happen again! BTC.D chart with some onchain data (Net Unrealized Profit/Loss (NUPL), Number of Active Addresses (short and long MA-s), Fear/Greed index etc.) are great indicators to determinate when is time to sell.
CRYPTOCAP:BTC.DLong
by Philippe_0x
USDT DOMININCE 4HOUR UPDATE 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 . I have tried my best to bring the best possible outcome in this chart . As I say in previous chart USDT DOMININCE will reject from upper resistance level now there are 3 support level that we can see in chart. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
USDT DOMININCE 4HOUR UPDATE 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 . I have tried my best to bring the best possible outcome in this chart . USDT.D will rejecting from upper resistance level In this moment we can trade in altcoins but there are to support level that we can see in chart. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
USDT DOMININCE 4HOUR UPDATE 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 . I have tried my best to bring the best possible outcome in this chart . USDT.D is rejecting from upper resistance level and we have 5 weeks bull market market in this moment we can trade in altcoins. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
BTC.D - probably most important chart for alts in upcoming weeksScenario 1: BTC pumps hard to new ATH and demolish alt/BTC pairs. First BTC dominance target is 52.5%, second if it gets to it is aporx. 57% (or 200 W MA - red line). Both targets are good entry point for demolished alt/BTC pairs. CRYPTOCAP:BTC.D reverse to new ATL (all time low) and alts pumps like crazy. (similar to 2017/2018 bull run). Scenario 2: BTC dominance dip under 40%. BTC and alts are pumped al in the same time (alt/BTC charts remains in good shape, they outperformed BTC). Main target area is aprox. 27% of BTC dominance. Or Bitcoin remains sideways while alts pumps, but I will not give this option big chances. BTC always lead the waves. Scenario 1 looks more probable but this is crypto and you can not take anything as a certainty.
CRYPTOCAP:BTC.DLong
by Philippe_0x
📊BTC.D - About to reach major support. Possible shakoutAfter breaking the baseline of previously formed Head & Shoulders the value is now about to reach an important level (~42.8) which was set by me as a potential target, although there's more potential for this drop (41.46). Nevertheless we can still expect a small shakeout on alts very soon, once the "more conservative" target is hit. The best case scenario for all altcoin holders of course would be to break through this level with no stops whatsoever, but we'll see what happens! Please check out my other publication from today as I think it helps getting a better narrative (USDT.D- see related ideas) Best of luck 🤗
CRYPTOCAP:BTC.D
by V0VOLAN
Daily BTC Dominance UpdateBTC is currently in a downtrend against the rest of the market, both in the long and short time frames. It's worth noting that the price is at previous resistance (multiple points) and is reacting to this level. A reversal is possible but there is no clarity as to which way the price will move from here. The ADX is showing no significant trend is currently dominating the price movement. With the ADX as low as it is we can have no confidence in any of the other indicators. We need to accept that we will be sticking to the existing previous trend (down) until we get a signal to the contrary.
CRYPTOCAP:BTC.D
by marcusdw1
2
Bitcoin Dominance - Altcoins fight backTechnical Analysis – Bitcoin Dominance Bitcoin dominance is the target in our weekly analysis: During the last 2 weeks, dominance has decreased to 43.5%, slightly below the 50-day moving average. This moving average serves as support or resistance. About two weeks ago the dominance established a local top of 47%. We mentioned that Altcoin holders would only need to pay close attention at the 50% mark. If we stay below 50%, and the period closes there, we could experience more downward pressure to the local bottom of 40%. The long-term trend is still pointing downwards, but a breaking of the 40% mark could lead to a new ATL. However, the RSI indicates a bullish divergence, that would potentially suggest another leg up, thus a trend line has been formed that has yet to be broken to signal a stronger downtrend in the short-term Overall, the altcoin market had some strong days with several cryptocurrencies like Polkadot (DOT) and Ethereum (ETH) benefiting from the decrease in Bitcoin dominance. Low caps were in comparison to mid and high caps still rather modest, which makes sense considering how the money flows from high caps to low caps the further you go in a bull market.
CRYPTOCAP:BTC.D
by STORM_Partners
BTC dominance Previous Update: Bitcoin dominance continues to look weak, which is why alts are holding stronger on dips. Next, I am watching for a drop below 43.8 for a further decline into the 41.5-42.95 range and ETH/BTC pair to break 0.0710 sat. If this play alt market will go green! If BTC moves strongly, we look for a lower high or bearish retest of 45.3. The total crypto market cap already made a breakout since then got rejected at 1.382 Fibonacci level and now retesting previous high which is bullish. The next run should take us to 1.618 fibs The alt market, however, still needs to break an all-time high. for this break out to happen, BTC.d need a break below 43.80 and ETH/BTC to break above 0.710 sat Comparing past alt cycles with the previous bull market cycle BTC.d VS BTC/USDT Once Bitcoin broke to a new all-time high back in 2017, BTC dominance went bear market mode until bitcoin finally topped out. We have a similar setup with the previous bull market from 2021 as well ETH/BTC For these setups to invalidate BTC break below 56.6 BTC.D break above 51% ETH/BTC break below 0.055 sat I’d not necessarily expect come unless: - crazy FUD news comes out, for example from FED punishing crypto taxes or something.. - Other unpredicted black swan events like corona dump. - For these setups to invalidate - BTC break below 56.6 - BTC.D break above 51% - ETH/BTC break below 0.055 sat
CRYPTOCAP:BTC.D
by CryptoUltron
1
Bitcoin Dominance - where is it going?Technical analysis – Bitcoin dominance This is the start of a weekly series by which we dig deeper into charts related to the blockchain space. We will purely focus on the technical aspects instead of fundamentals. Do not consider any analysis as financial advice. Today we would like to start by analyzing the Bitcoin dominance chart as Bitcoin had the chance to climb to ATH at around 64k USD in just a few weeks from the 42k USD level. Altcoins were mostly going sideways or lower with a few exceptions. Looking at the chart we can confirm the bullish sentiment of Bitcoin pairs by observing the Bitcoin dominance to have grown from 40% to around 47%. Here the 0.23 FIB lays, which could serve as the resistance level for the trend to reverse. However, we are reaching >70 RSI daily, which usually leads to more bearish activity in the days to follow, if bulls cannot keep this momentum up. Once MACD is going to converge, momentum will shift to the downside and altcoins have the chance to grow. If we are staying below the previous local high at 49%, we should not worry too much about altcoins bleeding out. If we break 50%, things could look different mid-term and Bitcoin might regain more dominance in the coming weeks. Staying below this key level could signal us that altcoins still dominate the long-term trend.
CRYPTOCAP:BTC.D
by STORM_Partners