BTC.D on 6 Months timeframe
Each candle on this chart is representing half of a year (6 months)
As you can see it "reversed", as people call it, in the middle of nowhere, in the middle of big red candle from 2021 y.
The only reason D. "reversed" was round number 60%.
BTC Dominance moved through 12MA (green) and currently trading above it. Next level to watch is 21MA (orange and super short, top arrow pointing at it).
If at january 1st 2025 candle will be closed below 12MA then yes, BTC.D topped.
But if BTC.D will be above 12MA then we should expect next move AT LEAST to the 21MA which is at 65% right now (very lowest 65%, but most likely even higher).
I'm not saying that we won't see low-cap altseason. We will see altcoin season where ETH will lead the way and all low-cap tokens, just little bit later.
No need to FOMO in right now. We still have time to prepare ourselves for the last big pump of the cycle.
Let the market come to you.
As you can see it "reversed", as people call it, in the middle of nowhere, in the middle of big red candle from 2021 y.
The only reason D. "reversed" was round number 60%.
BTC Dominance moved through 12MA (green) and currently trading above it. Next level to watch is 21MA (orange and super short, top arrow pointing at it).
If at january 1st 2025 candle will be closed below 12MA then yes, BTC.D topped.
But if BTC.D will be above 12MA then we should expect next move AT LEAST to the 21MA which is at 65% right now (very lowest 65%, but most likely even higher).
I'm not saying that we won't see low-cap altseason. We will see altcoin season where ETH will lead the way and all low-cap tokens, just little bit later.
No need to FOMO in right now. We still have time to prepare ourselves for the last big pump of the cycle.
Let the market come to you.
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