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BTCDOM / TetherUS PERPETUAL CONTRACT

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BTCDOMUSDT.P trade ideas

Bitcoin Dominance (BTCDOM) Headed Toward MA200 @2277Here we have Bitcoin Dominance (BTCDOM) but this time through the perpetual futures contract on Binance, weekly timeframe. The bearish bias is fully confirmed—already a developing phenomena—it has been happening for months. A little more than two months ago, on the 16-June week, BTCDOM peaked and started dropping. The break of the uptrend was confirmed with four consecutive weeks BTCDOM closing red. The action went below our short-term moving averages and also below a strong Fib. retracement level. The last two weeks closed red. This is the third week and while it is green, most of the space won has been lost. The current candle is a bearish hammer, a continuation of the previous two and of the broader bearish move. While BTCDOM was rising for years volume was dropping for years. This volume divergence supports the structure breakdown we are seeing now. The next support is found around MA200, black line on the chart. This indicator has a reading of 2277. MA200 falls between 0.618 and 0.786 Fib retracement. As Bitcoin Dominance moves down (BTCDOM), Bitcoin (BTCUSD) and the altcoins (TOTAL) grow. Namaste.
Short
by MasterAnanda
4
BTC Dominance Weekly Outlook: Heading Down to Fill the FVGBitcoin Dominance (BTC.D) is showing signs of weakness on the weekly timeframe. After an extended rally, it has started to reverse and is likely on its way to fill the Fair Value Gap (FVG) area below, around the 3,600–4,000 zone. This suggests that altcoins, including Ethereum and other majors, are set to gain more market share in the coming weeks — aligning well with the ETHBTC bullish outlook on the monthly chart. As BTC dominance drops, expect capital rotation into altcoins, potentially setting the stage for an altcoin season. I'm closely watching for BTC.D to continue bleeding towards the FVG zone before we see any meaningful reversal.
Short
by LukmanMutoif
Longlived Dominance Coming to an end (Somehow-Someday)?!There are some probabilities (mostly bullish) that The Dominance has peaked and makes a final re-test of the highs right now, before the summer, and from that point until late fall, we can see bitcoin dominance dropping to lower values. Many altcoins holder experience a burnout The altcoin market did pullback making most likely a double bottom at the moment. However there is an extreme more bearish scenario.. for the altcoins to go even lower. but we don't have any chain data or macro economical data to support this eventuality.
by blackriver85
BTCDO Analysis | Catch the altseason! (12H)Note: This chart is tied to Bitcoin dominance and moves accordingly. The trendlines have been lost, the price has dropped, and it has reached a support level. Such strong trends, when they come to an end, usually result in a pullback to the trendline or the broken levels. Currently, the price may pullback to the supply zone and then enter another correction and drop, which could cause altcoins to turn green again. Targets are marked on the chart. A daily candle closing above the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
3
BTCDOM at the threshold of a strong impulseA very interesting situation is now observed on such a ticker as BINANCE:BTCDOMUSDT.P - bitcoin dominance index released by Binance. It differs from CRYPTOCAP:BTC.D in that it shows bitcoin dominance to the top 20 altcoins. On the weekly chart of BINANCE:BTCDOMUSDT.P there is a very old AMEXP model from June 5, 2023, which essentially describes the entire current uptrend on this index. So within this model there was a target value of 100% level (2625.1), which has been a resistance for 112 days and during this time there were 4 attempts to test it. In case we see a breakout, there may well be a very strong impulse, which will be accompanied by great volatility in the market. What two scenarios could work at this point? 1️⃣ Index growth will be due to the fact that the top 20 altcoins will stand still/fall on the background of INDEX:BTCUSD growth. 2️⃣ Index growth will be due to the fact that the top-20 altcoins will fall faster than INDEX:BTCUSD will fall.
Long
by TSFC
BTC DOMINANCEI see an ascending rising channels that predicts BTC could be in its final phase of dip. If price confirms to this ascending structure, then it ca indicate a confirmation for dominance. What does this mean for traders? Well, a break upwards or further ascending structure can mean BTC outperforming altcoins. A break downwards could mean BTC BTC dominance weakening and increased value for altcoins (alt-season). However, this idea can only serve as an indicator for analysis. it is by no means a financial advice. Proper risk management is key.
BLong
by Orhis
Technical Analysis of BTCDOMBINANCE:BTCDOMUSDT.P reflects Bitcoin's dominance in the cryptocurrency market, currently trading at approximately 2936.8 points on Binance. The chart indicates that the index is testing key resistance levels near 2940 points after recovering from support levels around 2910. Key Technical Highlights: Support and Resistance Levels: Primary support is located at 2910 points. Nearby resistance stands at 2940, acting as a barrier that may require strong momentum to break. Trend Indicators: Some technical indicators suggest a convergence in momentum, signaling potential sharp price movements in the coming hours. Outlook: If the price successfully breaks above the resistance, the next target could be 2960 points. On the downside, a reversal may lead to retesting lower support levels. The market shows signs of volatility with positive momentum likely to persist if trading volume remains robust.
Long
by luta_ksa
Altcoin Season Approaching? BTC Dominance Signals Major Shift!Yesterday, Bitcoin Dominance (BTCD) tested the 50% Fibonacci resistance level at 2,848, resulting in a significant daily bounce off this key level. Today, BTCD is attempting to break higher. However, if the daily close remains below this resistance, we anticipate a sharp decline. In this scenario, Bitcoin Dominance could experience a substantial pullback, potentially targeting the 50% Fibonacci support area near 2,600. This support level not only aligns with Fibonacci analysis but also corresponds to a previous resistance zone, indicating strong market activity at this point. If this bearish scenario unfolds, it may signal the onset of a robust Altcoin Season. Traders should prepare for the opportunities that may arise during this period!
Short
by CryptoPAMM
The BTCDOM/USDT chart shows Bitcoin's dominance in the marketThe BTCDOM/USDT chart shows Bitcoin's dominance in the market, with current trading levels around 2,782.5. The price action has seen significant movements, including sharp rises and corrections, indicating a highly volatile market. Key Points: Support and Resistance Levels: The price recently tested a high (HH) near 3,005.8 but faced strong resistance, leading to a correction. Support has been identified around 2,754.8, where a recent long position was initiated. This level could serve as a crucial point for further upward movements. Recent Trade Setups: A long position was taken at 2,754.8, aiming for multiple take profit (TP) levels. The first TP level at 2,734.8 has been hit, and the price is now approaching the second TP at 2,714.9. A short position was also entered near 2,763, but the price has since moved higher, possibly hitting the stop loss (SL) at 2,834.4. Current Scenario: The price is currently in a consolidation phase, moving between the key support and resistance levels. If it breaks above the recent high, it could retest the resistance around 2,834.4 and potentially move towards 3,000. Conversely, a break below 2,754.8 could lead to further declines, with potential targets around 2,688.4 and 2,635.3. Potential Targets: On the downside, the price might target the levels of 2,688.4 (TP3) and 2,635.3 (TP4) if the current support fails to hold. On the upside, the key resistance levels to watch are at 2,834.4 and above, which the price needs to overcome to resume a bullish trend. Conclusion: BTCDOM/USDT is at a critical juncture, with the price testing key support and resistance levels. Traders should monitor the price action closely for a decisive breakout or breakdown, as this will determine the next significant move. Holding above 2,754.8 could indicate bullish potential, while a fall below this level might lead to a deeper correction.
Short
by RICHI_CRYPTO_SIGNAL
Altseason ahead: Bitcoin Dominance - a Pullback, or Reversal?BTCDOMUSDT is showing signs of being overheated, and we believe the price may have topped out, at least in the short term. This comes after a strong rejection at the double Fibonacci resistance level around the psychological 2600 mark, suggesting that a significant pullback could be coming. Currently, the price seems ready for a relief bounce, which should mark the beginning of a long-term trend reversal. If this scenario plays out, we might witness a massive altcoin rally as funds rotate out of Bitcoin dominance and into alternative cryptocurrencies. Keep an eye on this setup, as it could signal an exciting opportunity for altcoin traders. Prepare for the potential shift, and stay tuned for what could be an electrifying period in the crypto markets! 🔥
Long
by CryptoPAMM
#BTCDOMUSDT #1D (Binance Futures) Ascending trendline breakdownBitcoin Dominance is pulling back towards 50MA resistance on daily, seems likely to get rejected next. ⚡️⚡️ #BTCDOM/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 6.0% Current Price: 2374.2 Entry Targets: 1) 2411.5 Take-Profit Targets: 1) 2010.3 Stop Targets: 1) 2612.6 Published By: @Zblaba BINANCE:BTCDOMUSDT.P CRYPTOCAP:BTC.D #Bitcoin #Dominance #Index Risk/Reward= 1:2.0 Expected Profit= +99.8% Possible Loss= -50.0%
Short
by TradingOn