🔶 The Bitcoin Dominance (BTC marketcap / total crypto marketcap) has reached its highest value in nearly two years 🔶 Predicted in previous BTC.D analysis: 🔶 Alts been underperforming BTC in 2023 🔶 BTC.D goes down, BTC stable or up = altseason 🔶 BTC.D goes up, BTC up, alts bleed against BTC 🔶 Both BTC and BTC.D are on critical resistances, be careful!
Traders, As stated numerous times previously, I have virtually zero expectations that Bitcoin dominance will exceed anything past 49%. Today we tagged that threshold exactly and now I expect a drop. In accordance with the dominance fall-off, I am expecting Bitcoin to retest the neckline of it's Cup and Handle pattern at HKEX:25 ,200. Though, I seem fairly...
Traders, It's worthwhile to review my most recent altcoin trades, targets, stops, and strategy. I will also review Bitcoin, Bitcoin dominance, Altcoin market cap, and a few of the other alts I am waiting to enter. Stew
BTC.D is clearly at the top of this macro range. USDT.D is also dropping. This means we may see a mini alt season as alts follow BTC's recent rally. One counter-argument is ETH Shanghai update - Lots of staked ETH will be (is?) getting unlocked, which could create a lot of sell pressure. Some very crypto/finance savvy friends are shorting ETH here. ETH makes...
Based on Elliott wave and machine learning btc.d will dump soon to 33% and could go more down to 25% this will give us a alt season for coins could see 800%-1000% from here for alt.
Weekly results show no signs of the trend continuing. At two weeks, there are still 48% in the rejection area. When the volume is viewed, there are no clear indications, but it is clear that the 48% area is still quite powerful, and there is a chance that he will move back to the 47% area.
Here's an alternative bullish point of view for Bitcoin Dominance - weekly is showing a cup and handle pattern ultimately targeting ~50%. Here's my previous bearish idea:
Usdt.d based on machine learning and Elliott wave Let’s see what will happen in the next months
BTC Dominance is currently sitting on the strong support and seems to be ready for a strong bounce. RSI currently oversold on daily timeframe. It would make a lot of sense as we still expect alts to drop 50 % which most likely will happen if BTC dominance bounce from this key support. From another hand, if BTC.D breaks down, we may see an alt season and some...
Traders, Please make note of the resistance areas up ahead for both Bitcoin (top chart) and Bitcoin dominance (bottom chart). Both have come into MAJOR resistance area and are showing me that Bitcoin should pullback within a week. I don't see us skirting above $30k without a pullback prior. Personally, from a technical standpoint, I am hoping to retest our Cup...
In this chart I want to shed some light on the Bitcoin Dominance (BTC.d) and the fact that it's severely "overbought". I'm aware that the BTC.d chart is not representing price, hence applying Technical Analysis on this chart is dubious at best. Still, the RSI indicator appears to be very decent for signaling reversals, even on this chart. As seen on the bottom,...
No worries for alts just keep holding the positions. Huge rally is started :)
its time for Altcoin pumping . buy the dip and Hold for at least 6 month . soon BTC.D will be dump And Altcoin Market will be huge pump . Good Luck
Hello guys, Consider Bitcoin market cap to help identify market movement and the Altcoin season. You can monitor these two points which will cause the market to turn towards altcoins as dominance declines. Good luck. If its useful please like it as a support and follow me for next analysis :) . Salam doostan aziz, chart arzesh bazar bitcoin hast ke be zire...
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Hello Team, This chart views the Bitcoin Dominance, it calculates Bitcoin's current share of the global cryptocurrency market cap. As you can see the Bitcoin Dominance chart is at resistance from a weekly consolidation zone. If we break this resistance level we can see a continuation in the Bitcoin price towards 30K and beyond while most of the money flows...
This is a reply I gave to @cryptoninja1998 in a comment, his question was the following: " What are your thoughts on BTC dominance and the possibility of it turning back down (rejecting off 50% level), thus giving a push to the altcoins? " First, I wouldn't focus too much on the BTC Dominance chart to look for a certain type of action on the "Altcoins"...
Keeping my eyes on the BTC.D chart at the moment as Bitcoin continues to reclaim its overall share of the entire crypto market cap. If we can keep the current bullish momentum, look for alts to make their move as soon as this chart breaks the current upwards trend.