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Bitcoin-dominance

Alseason may be middle of January Bitcoin dominance above 70%We are close to similar bitcoin dominance like in 2018 when first altcoin rally started. This time the 70% seems will be reached in next two weeks. If the altseason will not start till that time, we will see crush of altcoins against bitcoin when they will be exchanged to bitcoin. But even if altcoins will hold their price in FIAT most of them will be suppresed by "monster" altcoins ETH LTC. Some IDEA based strong community coins will survive but most will disappear after monopolisation of crypto market by bitcoin, eth and ltc
CRYPTOCAP:BTC.D
by viparmenia
1
Bitcoin dominance: due for a correctionIf you trace a macro fibonacci from the top at 95+ % to the bottom at 35% in January 2018. You can see that the golden pocket is located between 75% and 78%. This is generally a lgood ocation for shorting (in this case, it means turning your BTC into altcoins). In addition to this, if you trace a trendline of the BTC dominance uptrend from the bottom in January 2018, you can see that it is in confluence with the golden pocket. This makes me think the Bitcoin dominance will top at around 76%.
CRYPTOCAP:BTC.D
by bjcd
3
A short look on Bitcoin Dominance Hello Traders As you can see in the chart above. BTC Dominance has rejected on 0.618 Fibonacci level. On the other hand, there is a huge bearish RSI divergence on the weekly timeframe. So as I said in a previous analysis on BITCOIN, I expect both Dominance and bitcoin to fall. ------------------------------------------------------------------------ What is your opinion? Comment it below. If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too. Goodluck.
CRYPTOCAP:BTC.DShort
by Crypto_MD
9
BTC dominance TA: Altseason is closeThe sentiment in the crypto market is that many altcoins are dying and liquidity is flowing into bitcoin. Now is a great time to switch from bitcoin to altcoins. The bitcoin dominance chart is facing great resistance. At 5 moments in the graph, this level was held as support or resistance. The trend line of a rising bitcoin dominance is common in a bear market. However, we are now in a bull market and have broken this rising trend line. I do not expect a retest of the trendline but a rejection of approximately 63.5 dominance and heading down towards the 0.618 Feb retracement in the macro trend. The rising wedge on the rsi also indicates a reversal and has also encountered resistance. The bitcoin dominance also forms a head and shoulders pattern which is a reversal pattern to the downside. Bitcoin takes time to consolidate after a time of fierce price action before it has the strength to break 13880.
CRYPTOCAP:BTC.DShort
by LongtheCorn
1
EW Analysis: BTC Is Losing Dominance, But Only TemporarilyHello traders and investors! Today we will talk about Bitcoin Dominance and its wave structure from Elliott Wave perspective. We will also show you how it can be useful in analyzing XXX/BTC cross pairs with the help of EW. If we take a look on BTC.D daily chart, we can see a sideways consolidation for almost a year which usually suggests a corrective movement, especially if we see a three-wave w-x-y drop in the first leg »a«. Well, we believe that BTC.D is unfolding a bigger bullish triangle pattern and current decline can be just as part of wave (c)/«c« that can find support very soon, ideally in the projected support zone around 64-63 area. Be humble and trade smart! If you like what we do, then please like and share! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CRYPTOCAP:BTC.DEducation
by ew-forecast
4