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Market Cap BTC Dominance, %Market Cap BTC Dominance, %Market Cap BTC Dominance, %

Market Cap BTC Dominance, %

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BTC.D trade ideas

BITCOIN DOMINANCE AT RESISTANCEBitcoin dominance is currently testing a critical resistance level near 61.5%, with multiple wicks poking above but no decisive breakout as of yet. While it's worth noting that Bitcoin dominance isn't a tradeable metric—there are no orders on the books—it can still serve as a valuable sentiment indicator for the broader crypto market, particularly in gauging the relative strength of altcoins versus Bitcoin. Historically, dominance at resistance often signals a potential pause or reversal, suggesting that Bitcoin's outperformance against altcoins may face some challenges here. However, a confirmed breakout above this level could indicate further liquidity flowing into Bitcoin at the expense of altcoins. Traders should watch for either a strong rejection or a sustained breakout to glean insights into the next potential trend for altcoins in relation to Bitcoin.
CRYPTOCAP:BTC.D
by ScottMelker
1
BTC.D Capitulation Liquidation candle. Bitcoin's price hovers around $97,000 on Wednesday, following a 3.5% drop the day before. David Sacks, President Trump’s crypto czar, has announced plans to assess a Bitcoin Reserve. Meanwhile, traders on the Bitcoin CME are adopting a cautious stance, advising investors to steer clear of leverage at all costs. As uncertainty and volatility rise in the wake of Trump’s supportive crypto regulations, the potential for a Bitcoin reserve is emerging, yet the market remains turbulent due to tariffs and broader economic challenges. Additionally, Bitcoin is bracing for fluctuations as FTX prepares to start repaying creditors on February 18. The beleaguered exchange, which filed for bankruptcy in November 2022 with debts estimated at $11.2 billion, is set to disburse payouts that could reach up to $16.5 billion. To facilitate this, FTX is actively selling assets and investments in tech companies. This development is pivotal for those impacted by the FTX collapse, sparking significant interest within the cryptocurrency community. In 2018 and 2019, the BTC.D chart faced rejections from the 60% resistance zone during the bearish years that followed the explosive bull run of 2017. Now, we find ourselves in a different scenario, with a retest happening in a bull run year post-halvening. While it’s too early to declare the end of the rally, the usual indicators for a BTC bull peak have yet to signal a positive trend. From a technical standpoint, BTC.D has the potential to climb to 63.84% and possibly reach as high as 72.5%. This development could spell great news for Bitcoin while casting a shadow over the altcoin market. This shift might be driven by consistent demand from ETFs and institutional investors for Bitcoin, leaving altcoins in the dust until later in the year. However, some speculators believe that the recent liquidations over the weekend may have drained enough leverage, allowing altcoins to begin their recovery and, at long last, outshine Bitcoin. We await the unfolding drama with eager anticipation.
CRYPTOCAP:BTC.D
by BallaJi
DOMINANCE - the manipulation!The weekly chart clearly shows a confirmed breakdown of the rising wedge pattern. Everyone was waiting for a retest to buy in, expecting dominance to drop and altcoins to rally—but that never happened. Why? Because when everyone expects a move, the market does the opposite. What actually happened? -The market shocked everyone with a parabolic dominance surge to 64%. -Over $182 billion was drained from the market in just two days. -Altcoins suffered a brutal crash, with some dropping over 50%. -Most assets hit extreme lows, forcing mass panic selling at heavy losses—which we predicted a week in advance. -A sharp altcoin rebound happened the same day, while dominance dropped from 64% to 61%, stabilizing at this level. What’s next? The rising wedge pattern is still in play, but its targets won’t be hit without manipulation. I expect heavy market manipulation in the coming days, with dominance fluctuating between 60% and 63%, designed to drain traders’ portfolios—especially futures traders. The expected price action is outlined in this chart. Take a look, and you'll clearly see how manipulation operates in this market. Best regards Ceciliones🎯
CRYPTOCAP:BTC.D
by ceciliones
22
Bitcoin Dominance: Elliott Wave and Harmonics Combo (Part 2)MARKETSCOM:BITCOIN Dominance ( #BTC.D / CRYPTOCAP:BTC.D ) indeed started the rise I predicted back in late '22. CRYPTOCAP:BTC rose to the limits, exceeding the 100K Mark. In #ElliottWave, this is Cycle Wave C (turquoise). Primary Wave ① (white) completed, with the Corrective Primary Wave ②now in play. The Correction will pave the way for Alt Season to commence, so the focus will shift to Alt Coins. #Harmonics are showing #Cypher Patterns, a combo actually, on different degrees. Bitcoin Dominance ( BTC.D ) Technical Analysis: * Elliott Wave Impulse: Cycle C (turquoise) * Harmonic Patterns: Bullish Cyphers * 88.6% Fibonacci Retracement * Break-Out with Divergence * Leading Diagonal in Primary Wave ① (white) Conclusion: After a last rise, expecting MARKETSCOM:BITCOIN to top-out and start a Larger Correction. Alt Season to start and deliver, based on #BTC losing ground. After this, CRYPTOCAP:BTC to continue ruling, as the one and only #Cryptocurrency.
CRYPTOCAP:BTC.D
by EW4X
1
REGULAR FLAT WEEKLY ETHI've been watching Bitcoin dominance (BTC.D) for a while now. For those who follow wave trading, a continued rise in BTC.D seems likely. If Ethereum (ETH) loses the **$2,100** support level, it could confirm another bullish impulse in BTC.D, with a target between **73% and 74%**, validating a **regular flat**. What concerns me about altcoin charts, especially ETH, is the **lack of long-term bullish structure**. A prolonged increase in BTC.D, combined with a BTC drop, could push ETH below **$900**. While this scenario might seem unlikely, it would be **technically clean** from a chartist perspective. It would represent a **wave C** of a **regular flat on the weekly timeframe**, setting up a potential **new all-time high (ATH)** afterward. This reversal would correlate with a drop in BTC.D to **35% minimum**, which could trigger a strong altcoin rally. **Summary:** 🔹 **As long as ETH holds $2,100 → No worries** 🔹 **Below $2,100 → High risk of deeper correction** 🔹 **BTC.D towards 73-74% → Regular flat confirmation** 🔹 **BTC.D dropping to 35% → Possible altcoin bull run** Stay safe out there!
CRYPTOCAP:BTC.D
by victorb07000
Skyrexio | Historical Moment - Retail Altcoins Capitulation!Hello, Skyrexians! Hope your deposits are alive. We warned you yesterday that Altcoins Dominance is weak and today it dropped significantly. Most of traders have average deposit drawdown -50-70% and this is capitulation dump. If price will bounce now they will definitely sell. This is psychology of weak hands, it's useless to argue with this. I (Ivan) personally bought all last 3 days altcoins with extra 40% of USDT which I have after last purchases in August 2024. Now I have 30% of stables. I am ready to be out of position for these money, but if I will be lucky the bottom is going to be catched. Let's go to analysis. Weekly CRYPTOCAP:BTC.D time frame is showing that this week can be closed with the third red dow on Bullish/Bearish Reversal Bar Indicator . If this will happen we will finally see altseason. I wanna show you beauty of Elliott Waves. You can see that wave 3 reached the 1.61 Fibonacci level. Then wave 4 reached 0.5 retracement. It gives us extra confidence. Final target of wave 5 could be already reached inside the 63-67% green box. Here we need to see the lower time frame to get the precise target. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:BTC.DShort
by Skyrexio
4
Update the scenario for BTC.Dom - When might Altseason actually?Currently, BTC.Dom CRYPTOCAP:BTC.D is following the second scenario I mentioned in my previous post. This is the only scenario I can think of right now. According to this scenario, I predict that from now until Trump's inauguration, it will remain quite challenging for Altcoins. To determine whether Altseason will occur, it’s best to wait until the beginning of February to make an informed decision about deploying capital. The image below shows instances of the M-pattern , where the second peak is higher than the first, followed by significant **Altcoin growth** in previous seasons. If this second scenario doesn’t play out, my concern is that BTC.Dom could return to the 70 region. In that case, Altcoins would be completely crushed, and I truly hope this worst-case scenario doesn’t happen. :(
CRYPTOCAP:BTC.D
by Unikryptonian
Bitcoin Dominance Flies As Alts DieAltcoins are riding the pain train to hell. As you can see, Bitcoin Dominance had one of its largest short term moves in history, spiking as high as ~64.50%. It is currently sitting at 61.71.%, as altcoins reel on the back of economic fears from Trump tariffs. This is the highest level since 2020. ETH dropped as much as 35% in a 24 hour period - proving I was very early to that trade. We will see if I was wrong in the coming months. I bought more at $2,150. I also bought CRYPTOCAP:BTC , CRYPTOCAP:SOL and $SUI. $2.2B was liquidated from crypto markets on leverage - the most in 24 hours ever. More than covid. More than FTX. Crazy. This cycle is playing on hard mode - be careful out there
CRYPTOCAP:BTC.D
by ScottMelker
The moment of truth for ALT SEASONBitcoin Dominance is nearing a very crucial level here at 63-64% and honestly i hope we see a rejection here and the decent starts as that could be the kickoff for alt szn. As long as BTC.D is seeing upside momentum we'll see alts continuing to bleed which will create an EXTREME amount of fear within the bull market but perhaps thats exactly what we need before actually exploding to the upside? I'm bidding heavily here as i think that many alts are heavily oversold and a reversal/alt szn is right in front of us but a lot will depend on the behavior of Bitcoin Dominance. Bearish in BTC.D below 58% which imo could cause a lot more downside momentum aka an alt szn but for now the most crucial thing remains to reject 63-64% aka the golden ratio zone on higher timeframes. Stay safe. Nothing is financial advice.
CRYPTOCAP:BTC.D
by ammardeey
1
Double Bottom Pattern: Bitcoin Total Domination Last week my post on Bitcoin dominance played out faster than it was expected. (see related) This indicator broke out into 60-70% area. So, I switched to a weekly time frame and spotted a classic reversal pattern called "Double Bottom" in the making for you. Let's break it down. We have two bottoms highlighted with yellow arcs in the same area. Indicator eyes the middle top between bottoms, it is called "Neckline" Now, let's breakdown buying technique: 1) buy entry is at the breakout above Neckline (green dashed line) 2) stop loss is at the valley of the right bottom (red dashed line) 3) target is located at the depth of the right bottom from the Neckline. in our case it can't be higher than 100% and is set at the maximum (blue dashed line) Its amazing that technical analysis could predict things that out of our scope as yet.
CRYPTOCAP:BTC.DEducation
by aibek
3
BTC.D New Update (3D)First of all, pay attention to the timeframe; it’s a daily timeframe, and this analysis is time-consuming. The subwaves of this index are numerous, even in higher timeframes, which results in multiple technical analysis scenarios. However, we always identify the most probable scenario. Given the lack of a drop in Bitcoin dominance over the past weeks, despite losing the trendline, it can be inferred that the wave structure of this index is likely not yet complete. From the bottom, we believe there is a double combination pattern, with both combinations appearing to be diametrics. It seems that the primary peak of Bitcoin dominance will be within this red zone. The waves have been marked on the chart. Overall, it appears that this index intends to hunt a specific area before dropping. Let’s see what happens. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:BTC.D
by behdark
3