Falling, when the dominance of Bitcoin is downward, Bitcoin itself is downward, the altcoins will break and fall sooner, but Bitcoin itself is better to open a short position when it is falling, exactly in the box tomorrow, it must make a move for it to rise and fall.
It came to the range that we drew, then it pulled back and it is going down, that is, it shows a fall, the range that we drew is important, as long as it is in this range, Bitcoin may go up and altcoins fall a lot, that is, if Bitcoin suffers It was going up or it was going up slowly. You can go up and open a long position like ZIL.
Currently it looks like BTC D is topped at 52% area with a major retrace visible on the weekly.
Weekly close approaches in 3 days, once we have a closure we can be more certain of the direction.
Still have major alt exposure at these levels but mainly in BTC ETH and stables for now still as the halvening is months ahead.
The important range is from 49.77 to 4.67. This should stop. I'm not much of a ranger, but I have to show you like this. There is a drop, but there is a possibility of a jump. Right now, money is entering Bitcoin, not altcoins, Bitcoin, and you can always. Open a position except when it hurts for a thousand years
Hello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring BTC.D for a buying opportunity,
BTC.D UPDATE
Ascending channel formating om the daily timeframe chart .
In the coming days if channel breaks to the downside it would be an extremely bullish.
Falling Dominance Bitcoin, but Falling Dominance Bitcoin Falling Green Green Altcoins fall better and fall below 49.76, Bitcoin was suffering or had a normal rise, go to altcoins, open a long position, but if Dominance Bitcoin is suffering Bitcoin gives you a better position
If the trend really is your friend I would expect a big move from BTC any day now looking at the global market cap dominance of BTC over the rest of all other cryptocurrencies.
Unless the bitcoin ETF is denied, or another catalyst comes in to break the momentous BTC dominance trend thats been happening recently.
NFA -Just a friend snapshotting the trend
We are suffering, we are making a box of 49.78-49.98. If it goes above 49.98 and the market wants altcoin breeze, go short. If the market wants bitcoin dominance to go below 46.78, bitcoin itself and short.
Bitcoin Dominance has turned red, Bitcoin itself has turned green, it means that altcoins are more profitable, but it is suffering. Yesterday, when Bitcoin went down, Bitcoin Dominance also fell.
Get ready, everyone! It's time to seize the opportunity and potentially profit from the altcoin and meme season. Keep a close eye on the BTC dominance index (BTC.d), as when it drops, it often indicates a favorable environment for alternative cryptocurrencies. This is the time to start building your positions and taking advantage of the market momentum.
Remember...
Above 51.17, it wants to be bullish, below 51.17, but it will be bearish. In general, the dominance of Bitcoin and Tether, try to analyze from four hours to above, that is, the time frame of four hours and one day is more important and more accurate.
It looks like the possibility of a retrace is increasing. If we do see a retrace to the green trend line, I would expect a pop in alts over the next 1-2 months. Something to keep an eye on!
At present, the indications suggest a potential upward movement in the BTC.D. Ideally, I am aiming for a 60% Bitcoin dominance scenario, where I can confidently allocate a substantial amount of capital in alts coins, anticipating promising rewards in the coming years.
It is green, but it doesn't make sense until it moves. If Bitcoin's dominance is bearish, if Bitcoin is bearish, Bitcoin itself gives better profits, but altcoins fail sooner. If Bitcoin's dominance is bearish, Bitcoin itself is bullish.
Check this out.
"Satoshi" mined 1M BTC before everyone else started mining. "He" is blue. Since then, his balance remained intact.
Red are the biggest mining pools; as you can see, they sold almost everything. They have 150k BTC.
Green are all the other miners. And they currently own 650k BTC.
Everything else is distributed (traded or lost) to the retail....
