Bitcoin vs. Altcoins Dominance
📊 Others.D/BTC.D: The Battle of Bitcoin vs. Altcoins 🔄
This historical 1W line chart highlights the ongoing tug-of-war between Bitcoin and altcoins' dominance.
The dominance ratio has shifted up-down-up-down within a long-term channel, with a notable fakeout below the 0.5 Fib level in Oct/Nov. This fakeout coincided with a touch of the bottom channel, signaling a potential pivot.
💡 My take:
Even with Bitcoin in an uptrend, this chart suggests that Others.D/BTC.D could also trend upward, signaling that altcoins might outperform BTC in the near term.
This chart provides valuable insights into pivot points for alt/BTC seasons, making it a great tool for timing rotations.
🚨 Caution:
I don't view this as a strong sell signal, as Bitcoin tends to hold more smart money, while altcoins attract retail. This dynamic means altcoins can maintain or even increase value during broader bear markets.
🔍 Keep an eye on the channel boundaries and Fib levels for clues on the next pivot in this dominance war.
What do you think? Will altcoins rise against Bitcoin, or is BTC dominance here to stay? 🤔
#Crypto #Bitcoin #Altcoins #TechnicalAnalysis #MarketCycles
This historical 1W line chart highlights the ongoing tug-of-war between Bitcoin and altcoins' dominance.
The dominance ratio has shifted up-down-up-down within a long-term channel, with a notable fakeout below the 0.5 Fib level in Oct/Nov. This fakeout coincided with a touch of the bottom channel, signaling a potential pivot.
💡 My take:
Even with Bitcoin in an uptrend, this chart suggests that Others.D/BTC.D could also trend upward, signaling that altcoins might outperform BTC in the near term.
This chart provides valuable insights into pivot points for alt/BTC seasons, making it a great tool for timing rotations.
🚨 Caution:
I don't view this as a strong sell signal, as Bitcoin tends to hold more smart money, while altcoins attract retail. This dynamic means altcoins can maintain or even increase value during broader bear markets.
🔍 Keep an eye on the channel boundaries and Fib levels for clues on the next pivot in this dominance war.
What do you think? Will altcoins rise against Bitcoin, or is BTC dominance here to stay? 🤔
#Crypto #Bitcoin #Altcoins #TechnicalAnalysis #MarketCycles
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