Hello Traders 🐺
In this idea, I’ve got some shocking news for you my friends.
So maybe right now you're asking yourself:
"Am I getting bearish on Alts? Or are things still the same?"
Let me break it down for you:
As you might know, there are different scenarios that affect whether BTC Dominance (BTC.D) goes up or down. And I want to make it super clear, so you really understand how the market actually works 👇
1️⃣ BTC Pumps – Alts Drop (BTC.D 🚀)
In this case, we’ll see a brutal pump in BTC.D.
Why?
BTC.D shows how much of the total crypto liquidity is allocated to BTC itself. So when BTC pumps, naturally it grabs a bigger share of the market.
And when Alts start shaking, money flows out of them and into BTC.
2️⃣ BTC Dumps – Alts Crash Even Harder (BTC.D 🚀)
When the overall market is bearish, BTC.D still grows, because during Bitcoin crashes, Altcoins suffer way more.
Example? BTC corrects 10%, and Alts go through a full bloodbath.
3️⃣ BTC.D Sideways – Alts Start Pumping (BTC.D 👇)
Here, we see BTC consolidating or slightly correcting, and in the meantime, money starts flowing into Alts.
That’s when BTC.D starts to fall hard.
4️⃣ Bull Market Madness – Alts Go Wild (BTC.D 👇)
In this phase, BTC.D crashes hard, and Alts go parabolic.
This is typically the final phase of a bull run.
But where are we now?
Over the past 2 years, we saw BTC pump, while most Alts underperformed massively.
Even in USD terms, many Alts are still far from their ATH. And against BTC?
Total disaster. 😬
Now, if you look at the monthly BTC.D chart, RSI is printing a new all-time high, and it’s getting very close to the 70 level, which usually means overbought.
Also, BTC.D historically tends to form a double top in RSI before it starts to correct—and as we speak, it’s trying to form that exact same structure.
So be careful! Don’t let the big players fool you into selling your Alts too early.
On the daily chart:
BTC.D is currently inside a rising wedge pattern, which is a bearish setup.
It’s now getting very close to the blue resistance line, which is a monthly resistance.
Last time it touched this area, we saw a strong rejection with a big wick.
Final Thought:
This time, as BTC starts to grow, we might see a bit of lag in Alts.
But when BTC.D reaches its limit,
get ready for a massive explosion in Altcoin prices. 💣
I hope you enjoyed this idea!
Make sure to like and follow for more support — and as always:
🐺 Discipline is rarely enjoyable, but almost always profitable 🐺
🐺 KIU_COIN 🐺
In this idea, I’ve got some shocking news for you my friends.
So maybe right now you're asking yourself:
"Am I getting bearish on Alts? Or are things still the same?"
Let me break it down for you:
As you might know, there are different scenarios that affect whether BTC Dominance (BTC.D) goes up or down. And I want to make it super clear, so you really understand how the market actually works 👇
1️⃣ BTC Pumps – Alts Drop (BTC.D 🚀)
In this case, we’ll see a brutal pump in BTC.D.
Why?
BTC.D shows how much of the total crypto liquidity is allocated to BTC itself. So when BTC pumps, naturally it grabs a bigger share of the market.
And when Alts start shaking, money flows out of them and into BTC.
2️⃣ BTC Dumps – Alts Crash Even Harder (BTC.D 🚀)
When the overall market is bearish, BTC.D still grows, because during Bitcoin crashes, Altcoins suffer way more.
Example? BTC corrects 10%, and Alts go through a full bloodbath.
3️⃣ BTC.D Sideways – Alts Start Pumping (BTC.D 👇)
Here, we see BTC consolidating or slightly correcting, and in the meantime, money starts flowing into Alts.
That’s when BTC.D starts to fall hard.
4️⃣ Bull Market Madness – Alts Go Wild (BTC.D 👇)
In this phase, BTC.D crashes hard, and Alts go parabolic.
This is typically the final phase of a bull run.
But where are we now?
Over the past 2 years, we saw BTC pump, while most Alts underperformed massively.
Even in USD terms, many Alts are still far from their ATH. And against BTC?
Total disaster. 😬
Now, if you look at the monthly BTC.D chart, RSI is printing a new all-time high, and it’s getting very close to the 70 level, which usually means overbought.
Also, BTC.D historically tends to form a double top in RSI before it starts to correct—and as we speak, it’s trying to form that exact same structure.
So be careful! Don’t let the big players fool you into selling your Alts too early.
On the daily chart:
BTC.D is currently inside a rising wedge pattern, which is a bearish setup.
It’s now getting very close to the blue resistance line, which is a monthly resistance.
Last time it touched this area, we saw a strong rejection with a big wick.
Final Thought:
This time, as BTC starts to grow, we might see a bit of lag in Alts.
But when BTC.D reaches its limit,
get ready for a massive explosion in Altcoin prices. 💣
I hope you enjoyed this idea!
Make sure to like and follow for more support — and as always:
🐺 Discipline is rarely enjoyable, but almost always profitable 🐺
🐺 KIU_COIN 🐺
Trade active
If BTC.D break the support in the 1H time frame we can expect a nice bounce for Alts , I think currently it's too dangerous to be bearish , watch out !
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.