Btc dominance analysis Learn and understand how to reads market 👍 (These charts will help you to understand market)
- Btc dominance took breakout and chances to test upper resistance if it holda this breakout (so we can see dip in alts)👍
Dominancebtc
Bitcoin Dominance Chart ( Altcoins Pump or Dump ? )Bitcoin Dominance Chart Analysis: Market Insights and Predictions
Bitcoin dominance, or BTC dominance, is a metric that measures the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies. This indicator is used to gauge the strength of Bitcoin relative to the broader crypto market. Currently, Bitcoin dominance stands at 51.30%.
Key Takeaways:
- Bitcoin dominance is trading at a higher resistance zone, which may lead to a retracement.
- A potential test of the 47.50% support level is possible before a leg up.
- The relationship between Bitcoin dominance and altcoins:
a. Increasing Bitcoin dominance: Altcoins may go down in value.
b. Decreasing Bitcoin dominance: Altcoins may experience a pump in value.
Support and Resistance Levels:
Support levels: 47.50% / 40%
Resistance levels: 53% / 70%
Analysis:
Bitcoin dominance is currently at a higher resistance zone, which could result in a retracement to the support level of 47.50%. This could potentially lead to a short-term pump in altcoins' value, as Bitcoin dominance decreases.
BITCOIN Crossed Dominance 50% after May 2021BITCOIN DOMINANCE 1-day Chart
As Per Broadening Wave pattern movement into BTC Dominance Chart, it's crossed today 50% of Dominance now. Its last time into above 50% of Dominance at 1st May 2021 at final stage of Bullrun finish point. but very big chances, as per pattern that it revert at 45-46% again last time in July to August into Last Bearish Zone cycle and Altcoins season starts in Bullish mode from here.
Always #DYOR and Trade wisely with using #StopLoss too.
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BTC (Dominance ) 1Hr Chart BTC (Dominance) 1Hr Chart
Its Dominance Chart Of Bitcoin
It's Forming Descending Triangle Pattern i.e. Bilateral Patter
Where It Can Break Both ways
If It Breaks Upward ALT Coins Will Be Green
If it Breaks Down ALT Coins Will Be In Red
Double vottom in Btc DominanceThese chart is very bearish for alts.
These may cause atleast 20% dump in Alts if the double bottom plays.
BTC Dominance Update❗️BTC Dominance Update❗️
Btc Dominance looking bullish and can very bad for alts.
Also this month Dominance have a great fundamental that is march month.
So I request you all that plz trade carefully with proper stoploss.
Bitcoin Dominance at critical levelBitcoin dominance is at major support. If dominance break below the support zone we will see a good rally in altcoins. The DeFi hype may break the support zone and bring a good altseason. Many altcoins did 3-5x from their all-time low price. The alt rally will attract new investors and that will increase the price of bitcoin also.
The dominance will bounce back from the support zone. Don't forget to book profits
