Dominance & Altcoins
Updated
- This graph is purely based on fibonacci law.
- 61.8% is the core of the system ( check rectangles in graph to get it )
- Most of long term traders not even look at the price.
- they just wait the good time to buy using Fibo.
- in 2016 BTC was almost 100%. Altcoins were inexistant. (less than 2% of the market with ETH)
- in 2021 BTC Dominance pushed to 75% (altseason followed the push)
- in 2024 we could see BTC dominance knocks 60% ish ( Altseason will follow )
- BTC is maturing.
- Cryptos are growing.
- Don't look too much at your altcoin wallets.
- Most of the time the story repeats itself.
- Respect the cycle, be patient and eat noodles!
Happy Tr4Ding !
- 61.8% is the core of the system ( check rectangles in graph to get it )
- Most of long term traders not even look at the price.
- they just wait the good time to buy using Fibo.
- in 2016 BTC was almost 100%. Altcoins were inexistant. (less than 2% of the market with ETH)
- in 2021 BTC Dominance pushed to 75% (altseason followed the push)
- in 2024 we could see BTC dominance knocks 60% ish ( Altseason will follow )
- BTC is maturing.
- Cryptos are growing.
- Don't look too much at your altcoin wallets.
- Most of the time the story repeats itself.
- Respect the cycle, be patient and eat noodles!
Happy Tr4Ding !
Note
- i made this Dominance graph in October 2022. - Read it and understand it.
Note
👀Note
Something important to add about this charts :- don't follow or believe in my fractals, they are just here to "Show the way" and try to indicate some potential movements.
- it's really hard to define "Timing" and "Push" with Cryptos.
- All movements can be fast and unpredictable in those markets.
- All movements can go higher or lower and sooner or later.
- Don't forget that Trading is just trying to predict the future with all informations we got in the past.
Happy Tr4Ding !
Note
Trade active
Still on road.Note
Note
Note
57% Reached. Don't check your Altcoins prices, check BTC.D better. Note
Hodl :PNote
👀
Trade active
58% Dom
Trade active
my fractals are just correct because of luck. keep this in mind.Note
new chart here :
Trade active
59.50% BTC.DTrade active
60% reached.
Note
- if BTC push more in Dominance, the next critical target should be around 66% (78.6 FIbo).
- Charge your altcoins bags..
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