Crypto Market Update: Bitcoin Dominance & Altcoin Season
- MIL:BTC Dominance: Bitcoin's market share is near a 3-year high. Remember, a rise in CRYPTOCAP:BTC.D means more market cap is going to Bitcoin instead of altcoins.
- Altcoin Opportunity: The best setup for altcoin growth is when MIL:BTC price rises but CRYPTOCAP:BTC.D falls. This means money is...
- Bitcoin Dominance is currently at a stage where it can either
1) Take a small pullback and let Altcoins breathe
2) Move up more from here and we might only see a reaction around 55
- Bitcoin Dominance is very underrated when it comes to following this as an Index
- I think this should be considered as a preliminary when it comes to Trading Cryptos
3) Do not...
CRYPTOCAP:BTC.D Expecting the true alt season to arrive later. Bitcoin Dominance Index is currently consolidating for its last legup, potentially reaching 60% or beyond in the coming months.
This isn't a signal to sell, but a suggestion to buy more. The real altcoin excitement is still ahead. #Bitcoin #Altseason
Hey Guys,
Bitcoin Dominance is currently in Diamond Pattern, if its breakout is above then there can be a huge fall in Altcoins. If its break below then Alts will fly fast, its depends which Altcoins you hold...!! Keep eye on this..!!
See chart for more understanding. Don't forget to hit Boost Button & If you want more such ideas then follow me..!!
Disclaimer:...
- 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...
Altcoins preparing for liftoff!
#BTC dominance facing triple resistance:
1⃣ Long-term trendline at 56%
2⃣ 2W cloud
3⃣ Kijin projection
Dominance likely to top soon = #altseason incoming!
Alts about to SURGE. The time is now!
looks like btc dominance rejected the last 2 times we seen this type of rejection btc.d drops 7% which lead to massive pumps in alts. in this week we will see major pumps in alts
BTC.D reach 52.8% where buyers zone. i looking for LONG position for altcoins here if BTC.D break through 52.4-52.8% whereas if TOTAL2 increase that should be confirmed of the altcoins season.
We should close all SHORT allcoins at this level and looking for BTC.D run.
Either 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.
- 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
Bearish Div on Weekly BTC.D
Retest key trend line caused ALTS bled so much
If Bitcoin Sideway 40-50, ALTS would fly ...
TAKE PROFIT when BTC touches 48%
NFA
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...
- BTC Dominance is currently trading exactly the way I had planned
- BTC Dominance exactly played out the way
- BTC Dominance might fall more and alts will keep moving
- BTC Dom will lead to more Alts pump
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...
