CRYPTORE REVOLUTION: BTC.D - ALTS RUNNING FOR POWER
📣 Hello everyone!
Since 2017, the full picture on the Bitcoin dominance index chart has remained incomprehensible to me, at least because of the short history. Now, 7 years later, for myself today I clearly understand that the trend on the BTC.D index is clearly downward, and all upward rollbacks are corrections to a long-term downward trend.
I believe that a global triangle is forming on the Bitcoin dominance index chart, which will be broken down and Bitcoin will begin to rapidly lose its dominance. The 20% target could be achieved by 2027.
⚠️ Think for yourself, decide for yourself - good luck in making independent trading decisions and profits ✊
Goodbye!
Since 2017, the full picture on the Bitcoin dominance index chart has remained incomprehensible to me, at least because of the short history. Now, 7 years later, for myself today I clearly understand that the trend on the BTC.D index is clearly downward, and all upward rollbacks are corrections to a long-term downward trend.
I believe that a global triangle is forming on the Bitcoin dominance index chart, which will be broken down and Bitcoin will begin to rapidly lose its dominance. The 20% target could be achieved by 2027.
⚠️ Think for yourself, decide for yourself - good luck in making independent trading decisions and profits ✊
Goodbye!
Note
Hello everyone!
Half a year later, the Bitcoin dominance index in September 2024 reached its highest value in the last 3 years - 58.61%!!!
There is no doubt that the global trend resistance from the trading idea has been broken, but moving up is also significantly difficult.
What is the probability of a false breakdown?
And so, on September 18, 2024, the Fed reduces the interest rate by 50 bp and further rate cuts are predicted at subsequent FOMC meetings. At first glance, it seems: what does the interest rate have to do with it? - But we have already seen something similar in 2019!
On July 31, 2019, the Fed also moved to lower the rate for the first time after a small plateau. The Bitcoin dominance index peaked in September 2019 and in the next two years reached near-seasonal values, while losing about -45% of the peak.
How will altcoins and Bitcoin behave in this case? A small study of the retrospective period over 5 years will help to get one of the likely scenarios for the next 6-12 months!
I'll continue soon! Goodbye!
Note
📣 Hello everyone! - Today we will consider one of the likely scenarios for Bitcoin through the prism of the BTC.D dominance index and the beginning of the US Federal Reserve's monetary policy easing cycle.
If we go back to 2019 again, we see that the change from a long-term bullish trend to a bearish one in the BTC.D Dominance Index did not bode well for Bitcoin over the next 12 months! Bitcoin from a peak in the area of 14 500$ corrected to the 786th Fib in the area of 4 000$ - it was very scary at the moment for many and no one believed in growth then, I personally traded then and ran a public channel in TG. This price drop went down in history as the "covid dump"
If history repeats itself in 2024-2025 with Bitcoin according to the 2019-2020 scenario, then we are probably now only in the middle of the long-term “Bear Market” that has already begun (from the red dot on the chart). A correction to the 786th Fib suggests that the price of BTC will be in the zone of 25 000$ - 30 000$, and a likely strong bearish trigger will be the announcement of a recession in the US in 2025, possibly in the second quarter.
It is important to understand that this is one of the likely scenarios for the next 6-12 months, but it is not guaranteed, more data is needed to confirm, I would say now is a critical moment for the entire crypto market. Everyone is waiting now for a bull run in the next 12 months, like it was before - but so far only a sideways move with a clear bearish bias. I also want to remind you that forecasting likely scenarios has nothing to do with margin trading, be careful!
I'll continue soon! Goodbye!
Note
📣 Hello everyone! - Today we will consider the two most likely scenarios for the Altcoin market (Total2) through the prism of the BTC.D dominance index and the beginning of the US Federal Reserve monetary policy easing cycle.
If we go back to 2019, we will see that the change from a long-term bullish trend to a bearish one in the BTC.D Dominance Index, as well as for Bitcoin, did not bode well for the altcoin market for the next 12 months! Since Bitcoin was in a downward sideways trend on the falling BTC.D index, altcoins generally looked stronger, many coins consolidated with minimal volatility, or were in a weak downward trend and then the fireworks began 🚀 This was the time for long-term investment in altcoins 💵
1️⃣ If history repeats itself in 2024-2025 with altcoins according to the 2019-2020 scenario, then probably in the next 6-12 months it is worth taking a closer look at long-term purchases of promising altcoins and holding them until 2026; a strong mirror level in the 700B area will support market capitalization altcoins. This information may be of interest to all investors who simply buy crypto assets and live their normal lives.
2️⃣ My second scenario for the altcoin market involves a bull run at the end of 2024. After the change in the trend of the BTC.D index, there will be a strong pump in alts, regardless of what happens with Bitcoin. Until the end of 2024, the capitalization of altcoins will test the ATN of 2021, then they may start drawing a “cup with a handle” or something like that. In the most favorable scenario, there will simply be a breakdown and the growth of alts will be worse than in 2017-2018.
That’s all for the next month or two regarding the Bitcoin dominance index! Goodbye! 😎
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