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Bitcoin-dominance

So, When Altcoin Season?!Altcoin 'seasons' are characterized by: 1. A sharp drop in Bitcoin Dominance 2. A parabolic rise in the value of altcoins. Judging from the chart, there have been four major altcoin seasons: 1. March 2017 2. June 2017 3. January 2018 4. May 2018 Since May 2018, Bitcoin dominance has been steadily on the rise - as Bitcoin has first fallen in price, then had a sustained rally from April 2019, leaving most alts in the dust. So, when altcoin season again? Note that we are approaching the 65% dominance level - and that this is also where Bitcoin dominance peaked in October and November 2017, before giving way to the most recent altcoin seasons in January and May 2018. This is also the level that Bitcoin dominance dropped to during the June 2017 altcoin season. TLDR: Altcoin season may be upon us soon - perhaps as soon as when Bitcoin dominance reaches 65% again. Alternatively, Bitcoin may barge through that area and go even higher (perhaps to around the 72% area we touched on twice in June 2017), before finally dipping to create the Alt season that traders are looking for. Happy trading - and please leave a LIKE if you enjoyed this analysis :)
by Evermore
6
Bitcoin Dominance. What to expect?Today we would like to discuss such an important index as btc dominance. It gives information about what will grow faster in the near future - bitcoin itself or other alrcoins. This index is an indicator of the start of the altcoin season. So what do we have? Analyzing BTC dominance is nothing better (in our opinion) than the Elliot Wave Theory. The impulse wave began more than a year ago, and most likely has not yet ended. Considering the markup on the graph, wave 5 still is not over. Consequently, the dominance of Bitcoin will still grow. The only question remains is whether domination will continue to grow directly from current levels, or it will begin to grow after a slight correction. Want to see more detailed analytics from us? Then support this idea with a like and subscription, and we will release an update for you! :)
CRYPTOCAP:BTC.D
by LakeVest
BITCOIN DOMINANCE OVERBLOWNHello, After further analysis we are taking the position that Bitcoin dominance is an overblown metric and does not predict price movements in other coins. As you can see in this chart, bitcoin dominance increases and decreases while price does the opposite sometimes and the same other times. All bitcoin dominance is really saying, at least for the past few months, is that money was flowing into the crypto sphere, primarily through Bitcoin first - OR/AND, other coins were liquidated in favor of bitcoin. However, as time goes on this trend can easily reverse again, and bitcoin dominance can decrease as it has in the past while the price continues to go up. What would be a better metric than bitcoin dominance is the market capitalization of other coins relative to bitcoin. And as we can currently see, many of the tops alts have been stable while bitcoin has increased in value - meaning simply that money flowing into the crypto space began with bitcoin. But this trend can change overnight. By no means is this financial advice. My only advice for you is to call your financial advisor. And eat more ice cream. -MarketMotives
BITSTAMP:BTCUSD
by MarketMotives
2
Alt Season lurks around the corner? Here we go!Good day traders, Someone on Twitter had a request in regard to BTC dominance so here is my analysis. Previously, I counted the rise in BTC's dominance as a five wave structure but something just didn't felt right so I've changed my mind in regard to the count. But don't worry, the outcome is still the same: We are near a turn As you can see, I'm counting the upward correction as a double three, aka a double zigzag , labeled as WXY. W was a nice three wave structure where C was 123.6% of A X was a pretty nasty triangle which we Ellioticians label as ABCDE The current wave (Y) is also a three wave structure that is near its end. I can count 7 swings The rise in Bitcoin's dominance is actually a bullish reaction in a bear trend. We label this a 'B wave'. Most people don't know this but a double three is pretty common as a B-wave. So that's why I changed my mind about that five wave count. All systems go? Nope, not quite yet. I still expect some minor rise in BTC's dominance during the next few days. I'm targeting the zone between 69.89% and 73.23% to see a top out. I prefer 69.89% though but we all know that Mr. Market has it's own will so we have to wait and see where it strands eventually. Although, there are quite some signals that 69.89% could be the top. Look at the bearish divergence in the RSI Channel resistance Horizontal resistance at 69.83% where we previously saw a reversal Another notable thing is that we are inside the golden pocket zone. Meaning that we've retraced 61.8%-65.8% of previous alt season. Which is usual a good spot to expect a turn. Conclusion: Alt season lurks around the corner. Good luck out there!
CRYPTOCAP:BTC.DShort
by ferGOD
1
19.8.2019 - Bitcoin Dominance Hi traders! Today, we are explaining a special chart - bitcoin dominance . Let's deep dive! Bitcoin dominance is in percentage. It represents the number of percentage of total capital currently allocated in bitcoin . Depending on its growing or falling trend, we can determine the correlation of altcoins. Let's examine possible cases. If both bitcoin dominance and markets grow, it means bitcoin grows the most and altcoins less. If bitcoin dominance falls and markets grow, it means bitcoin grows less compared to altcoins. By contrast, if bitcoin dominance grows and markets fall then bitcoin falls less than altcoins and vice-versa. It's simply not enough to know whether markets fall or grow, but we also need to know the inter correlation and that's what bitcoin dominance tells us. On the daily graph we can see bitcoin dominance is very bullish. That answers why only bitcoin has recently gained, which grew more rapidly than other coins. Despite smaller corrections, the growth should come to an end at higher valuations. Now there's still room for growth . That can be also caused by halving. Bitcoin began at 50,55% dominance and we are now attacking 70%. That said, as much as 70% of all crypto funds is in bitcoin . On the chart we are expecting the last upwards wave and then stronger correction should follow . RSI keeps very high levels too. Bitcoin dominance will continue to grow for a while but we are slowly nearing the finish line. One or two months to go . May the crypto be with you!
CRYPTOCAP:BTC.DLong
by DolleroTechnology
Bitcoin Dominance reaching a crucial level - What happens next?With this short analysis I would like to point your attention on the chart for Bitcoin's dominance and an outlook of what can happen next. Bitcoin's dominance entered an important zone of support and resistance. Many factors could try to block the rise for Bitcoin in terms of dominating the crypto market. An outbreak out of this are could mean an explosive development in price action for crypto, especially BTC. First , there is the zone of support/resistance (green box). We haven't seen BTC's dominance above 72% since July 2017. In the second half of 2017 the ICO boom set in and many Altcoins rallied to unprecedented highs. Although Bitcoin rallied till mid of December of the same year, dominance couldn't get above that zone since then. Second , the 200 week moving average is closing in from above. Unfortunately we don't have a lot of data and it is would be the first occurrence ever. We will see what that means for dominance, but usually the 200MA acts as another important (dynamic) resistance. Third , the stochastic indicator for BTC's dominance is overbought (above 80) the sixth week in a row, if look you back in time we haven't seen stoch being in overbought territory for more than eight weeks yet (data reaching back to 2015). In summary, I guess we are having two very interesting weeks ahead of us. Following settings are possible in my opinion: Bitcoin's rise in price continues and Alts keep on bleeding out, a really bad scenario for any Altcoin project. In consquence we also would see BTC dominance increasing higher. Probably reaching new a ATH for BTC. Another scenario might be a further retracement for Bitcoin (rejection on downsloping trendline on BTC chart) and Altcoins eventually finding a bottom and turning north (finally). It would be similar to September/October 2017, where Altcoins rallied when BTC took a short breath before reaching a new ATH by the end of 2017. A really interesting, although unlikely, setting would be seeing Bitcoin and Altcoins rising together. This would mean a great inflow of fresh capital into the overall crypto market (escaping traditional markets, as we are having difficult times (trade war, hight debt) currently). This could result in absolute exuberance in crypto markets with insanely high prices. So far, we have only seen a limited inflow of fresh capital, mostly into Bitcoin. This could stabilize Bitcoin's dominance or lower it if Altcoins outperform, by reaching new highs for Bitcoin and higher price for several Altcoins projects. And last, we could also go to zero. You never know. Markets are crazy. These are just some ideas derive from BTC's dominance in the market and the development over time. What do you think?
CRYPTOCAP:BTC.D
by CoinPhlip
2