... for the cycle
Bitcoin could be so strong
That even though the others index ( aka shitcoins ) still do well from here.
Maybe they don't make a new high for this ratio.
As this chart shows -- last cycle
all the coins outside the top 10
peaked at 1 : 2 bitcoin.d
essentially the others.d was around 20% of the entire total market
bitcoin was around 40%
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(BTCUSDT 1M chart)
It appears to be breaking upward through the 0.886 (56227.18) to 1 (61338.93) range, which was considered a resistance range.
Accordingly, it has become important to be able to...
The fomo of people wanting to start piling into bitcoin is intensifying and we can see that here in the bitcoin dominance chart as price action is starting to poke its head above this purple channel we’ve been consolidating in for some time. For it to truly break out. Of this channel it’s gonna need to flip the tan trendline just above it to solid up port though....
As you can see, we are approaching a downward trend, which may affect the current distribution of capital on the market. Moreover, Halving is approaching, after which in previous cycles the capital from BTC was transferred to ETH and other cryptocurrencies.
Bitcoin Dominance hasn't even begun to drop yet and we've already seen coins like BCH pump 40% in 24 hours. Altcoin season is just getting started and we have a LONG way to go! (Get it, because LONG is the way to go!)
We've been waiting 4 years for this!!!
So guys, I'm doing an extra BTC Dominance idea.
All just the way I like it, the power signs on the small
timeframes led to power signs on the big timeframes!
I have no doubt that BTC D are ending the Wyckoff accumulation,
and this monthly candle in the narrow SOS range is meant to test the lower boundary around 46.8-46.5.
The July candle should be green!
In the intricate world of cryptocurrency, where trends shift rapidly and market dynamics are ever-evolving, Bitcoin dominance stands as a critical metric, offering insights into the broader sentiment and capital flow within the digital asset space. Recently, the narrative surrounding Bitcoin's dominance has taken a noteworthy turn, stirring discussions about...
- for me it has always been very complicate to explain BTC.D to peoples, because it's complicate ! lol
- it's weird to understand the moves and many factors have to be compared together an alchemy have to happen to see something happening.
- So basically to explain it, i will tell you what "we want to see" or "what we don't want to see" in the future. if the...
- This graph is purely based on fibonacci law.
- 61.8% is the core of the system ( check rectangles in graph to get it )
- Most of long term traders not even look at the price.
- they just wait the good time to buy using Fibo.
- in 2016 BTC was almost 100%. Altcoins were inexistant. (less than 2% of the market with ETH)
- in 2021 BTC Dominance pushed to 75%...
This would really upset the #Bitcoin maxis's wouldn't it? :)
The number's in terms of dollar's per coin start to get ginormous.
Assuming a $6 trillion Total Market cap and a peak dominance of 38% by ETH
= 2.28 Trillion market cap for Ethereum
Divided by the current supply of 120M coins
We get a usd value of $19k per coin
Is this my prediction ? IDK...
Bitcoin Dominance has formed a bearish pattern... it has completed the flag B price action pattern and is waiting for a fall, which will cause money to enter altcoins.
Its target is known in the chart
The weekly uptrend was lost, it is showing some signs of exhaustion, and may correct soon in a way that could be beneficial to alts.
Scenario # 1 - Bitcoin Dom gets stopped for the 3rd time at 54.1%, and moves down to make a final / higher low above 48.7 (still a lower low from its recent weekly low). Then it turns up hard to break through 54.1 on its 4th...
Bitcoin Dominance chart ( BTC.D)
It exaplains itself really but the ALT Season, where ETH based and other "ALT Coins" run better than Bitcoin, has historicaly run AFTER the Halving and is shown on the chart as GREEN areas.
These are the 2 main ALT SEASONS we have seen.
After Halving, The Bitcoin PA ( price ) tends to flatten out ( on average) for a whioe..this...
Hi Guys ,
Bitcoin dominance chart shows that it has been in an ascending channel for a long time and after hitting the ceiling of the channel, it is now ready to fall with the change of structure. We can expect a good altcoin season.
⏰ 19/FEB /24
Always do your research.
If you have any questions, you can write them in the comments...
Teather dominance is used as gauge to inverse the prices of CRYPTOCAP:BTC & #altcoins. When CRYPTOCAP:USDT.D drops it is bullish for the entire crypto space and when it pumps it is bearish.
Right now the downtrend is breaking below a channel that I have marked off since 2018. That means this channel has been in play 6 years. Right now the candles are...
Bitcoin (BTC) dominance is a metric that expresses the percentage of the total market capitalization of cryptocurrencies represented by Bitcoin. This value has a significant impact on the development and value of altcoins - alternative cryptocurrencies that stand in the shadow of Bitcoin. In this article, we will focus on the relationship between BTC dominance and...