Bitcoin Dominance Trade Setup- Bitcoin DOM is currently moving sideways but BTC DOM itself can help you easily predict where the money is going to flow next
- With the help of this correlation your bias becomes easier and you know where to focus instead of just technical analysis
- If BTC Dom starts moving up from here then you need to stay a little cautious about your Altcoins entries, I would suggest having patience and letting it soar until you see it getting rejected
- If BTC Dom starts to move down impulsively all you have to do is let your winners run and if you don't have any then focus on building partial SPOT Swings.
- Risk on the table shouldn't be breached or expanded if you can't handle it.
Social media outlets are good at portraying and making Trading look pleasing and flashy whereas the real meat is boring and time valued majorly
BTC.D trade ideas
#Btc BullrunEither we have to wait another 365 days till the bull run starts or we have just begun the run. I don't see any 10 50 100x. So I doubt its started. Only time will tell, but if no huge X returns, I would say another 365 days to go. I know this is not what pps want to hear. But as an CA I can only go by what's in front of me and static data.
BTC DOM Bitcoin Dominance Update - Bitcoin Dominance is the major reason behind Altcoins falling badly
- Bitcoin dominance is currently rising and trading around 53.7 which looks bullish
- I expect it to retrace and fall back again from its overhead supply
- You should look to add alts once it's near the supply it might pierce it a little and then fall back too
- Do not get trapped
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 Dominance Chart Setup Bitcoin Dominance is very useful in helping us understand where the money is flowing
: BTC Dom is currently trading in an uptrend move.
: BTC dom might follow the path I have created which might later result in a massive alts rally
: Btc Dom as of now shows some relief in ALTS can be seen and money after a decent Btc correction can flow back to BTC
: Closely monitor this and USDT dominance or even DXY works
: Nas, DJI, SPX, and gold have been outperforming try to understand the global markets as well.
: If the FED starts to cut rates then it will be very bullish for Crypto
Is ETH the New Crypto King? - Bitcoin's Market Dominance DipsBitcoin's market dominance which reached its peak at 54.3% before dipping to 52.7%, suggests that traders are embracing additional risk by exploring Ethereum (ETH) and other altcoins. Furthermore, trading volume has diversified, with Bitcoin trading at up to three times the volume of ETH in mid-October, but that ratio has now reduced to just double the volume.
Additionally, the perpetual futures funding rate for both Bitcoin and Ethereum is trading at elevated levels, indicating growing interest in undervalued altcoins.
The breakout above the 1,740 level is a strong signal, providing a trading opportunity for those looking to take a long position in ETH.
Bitcoin dominance are bullish keep on your eyes As we all know what is the co relationship between altcoin Market cap vs bitcoin dominance when btc dominance are increasing its men's alt coin are ready to big downward fall and now this time btc dominance Trade 50.20 weekly and monthly prospective are bullish and up side momentum are good and most off the people don't know about cme gap btc dominance has a 60 level that means High probability of btc dominance reach 60 leval .
BTC.D FORMED BULLISH SHARK PATTERN BTC.D is clearly shows bullish shark pattern and double bottom which bounced successfully from the level 40% . after that now signs are showing that it will make bearish shark pattern which can be done 65% to 70% level and it will happen in November beginning then it is a time os ALTSEASON begins.
#Bitcoin #nft #bnb #eth #btc #BSC #Binance #trading #altcoins #cryptocurrency #crypto
BTC Dominance 🔴 BTC Dominance
Seems like btc dominance will now decrease,which is good for Alt coins
BTC must be stable and dominance should be decreasing for good growth of Alt coins.
Soon we will trade like a boss, I will be away from market unless i get good conditional market setup for me. Just watching 👀
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Let's understand the dominance down below.
If Dominance decrease 🔴= btc 🚀= Alts 🚀 moon
If Dominance decrease 🔴=btc🔴= alts🔴🔴🔴 bleed
If Dominance decrease 🔴=btc stable= alts one by one🚀
Share your thoughts if any mistake or your opinions.
BTC.D is about to retest !! Alt-rally ??CRYPTOCAP:BTC.D
It seems that BTC.D is already in a downtrend towards 48%. The Dominance Dip along with sideways movement implies a significant pump for altcoins or a small 'alt-rally' before BTC makes significant movements from the $32K region.
Also, it is likely that the BTC.D may bounce back to 56% after that. This may be, because (1) BTC continues to move upwards (2) Another possibility is the breakdown towards the $20K region and alts bleed.
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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