Altseason
BTC Dominance Chart - BITCOIN DOMINANCEBTC Dominance is the most important chart to follow to understand whether the crypto market is in an altcoin or Bitcoin season.
Currently, Bitcoin Dominance is in a strong bullish trend and has reached the 60% level. This means that Bitcoin alone holds 60% of the total crypto market value. In other words, the entire altcoin market, including ETH and other large-cap coins, represents only 40% of the market. Considering the crypto market has over 2,500 different coins/assets, it’s notable that all of them combined only account for 40% of the total market value, while Bitcoin alone makes up the other 60%.
In previous bull market cycles, this chart typically shows initial bullishness, followed by a strong reversal to the downside after a few months, which brings the largest returns in the altcoin market.
A bullish trend in BTC Dominance indicates that Bitcoin will outperform altcoins, whereas a bearish trend suggests the opposite.
Currently, BTC Dominance is moving within a parallel channel driving its bullish movement. It has reached the weekly supply level and is now approaching the monthly supply level. I expect BTC Dominance to hit this monthly supply level at the top of the channel, experience rejection, and start moving lower. Eventually, I anticipate it will break below the entire channel, signaling a large influx of capital into altcoins. This shift has the potential to create significant returns for altcoin investors.
I believe this scenario is likely during the 2025 bull cycle, so be prepared to build generational wealth.
ATOM | ALTCOINS to BUY | Good Coin, GREAT UPSIDE PotentialATOM is as of today NR 51 by market cap, meaning it's more likely to move independently from BTC. The higher coins by market cap, especially the top10, move more in correlation. I've done an extensive post on this HERE 👇:
Other Altcoins I have high hopes for in the NEAR term can be found here:
NOW is the ideal time to buy alts that are NOT trading in correlation with BTC, as they will be trading fairly low and can be bought at good entry prices. The worst thing is to try and catch a moving train , in other words trying to jump in at the top. Rather plan your trades and plan your entries - this way, you will minimize risk and maximize potential returns.
__________________
COINBASE:ATOMUSD BINANCE:ATOMUSDT
$SOL Long Set upsIf We Get A Move Down
50% retrace of this up move wouldn't surprised me. Week before the election might give us a good discount to add a spot/perp longs to.
The Plan
Try not to freeze in time and wait for a perfect set up to happen. Most times the set up isn't perfect, most cases all you see is panic and fear when that dip actually comes. You also might think it'll go lower. Execute your plan and stay to it. MY plan is to bid the retest of the range we broke out of. (6-7month range). Have a stop loss to the previous low. It's a bull market. SHORTING will get blown out. Think Higher.
Happy Trading & Good Luck.
Massive Live UpdateBitcoin Breaks Out 🚀 - Altcoins Ready to Shine? 🌟
Hi everyone! It’s time for a market check-in, starting with Bitcoin’s massive breakout that’s captured all eyes. With my last five ideas centering around Bitcoin, we’ve now hit that sixth attempt I mentioned. And the target? We’re looking at $79,000! 📈 The new supports stand strong at $72,051 and $71,800, critical zones to watch as we aim higher.
With Bitcoin dominance nearing a major resistance level, altcoins may finally have their moment. As dominance hovers close to 58%, we could see money shifting to alts—a positive scenario for those watching Ethereum and other key coins! 🌐
ETHEREUM TIME?
Ethereum BTC is showing early signs of strength, and I’m targeting a 53% potential rise. While Bitcoin has had its breakout, Ethereum looks set to make waves. Keep your eyes on $2,800 for ETH as we could see an even bigger breakout in the works. Should it hold, we’re talking levels reaching up to $3,649 and beyond.
I’ll be posting all these charts independently on TradingView for a closer look. Give a like if you find value, or drop a comment to dive into the discussion!
One Love,
The FXPROFESSOR 💙
BTC - NEW ATH Approaches and ALTSEASONThe first time I started talking about my outlook for BTC in 2024, was in MAY. This is the original post where I first propose the Elliot Wave theory, with a 30% multi-month correction:
It's been a painful journey that required a lot of patience - but today, I am pleased to see that the idea has payed out by 95% so far.
The play has always been a "multi-month" approach, and now it is the last push towards the new ATH which I believe to be anywhere from 82K upwards.
_________________________
OKX:BTCUSDT
Gearing up for Altseason The total market cap of Altcoins is currently in an ascending triangle at the point of multiple confluences. An Ascending triangle, hrozintal and diagonal resistance lines and also at the 0.5 Fibonacci line (not shown). If we break above all these resistances, alteason will be highly likely to start.
Bitcoin - Gearing Up for NEW ATHBitcoin is showing a sudden increase in momentum, and the pattern I was watching has played out successfully after the last update:
Ultimately, the playout I have been talking about for MONTHS were as follow:
And this is the recent chart data on that exact idea:
I'm happy to finally see everything come together - it took some patience though!
Finally - impulse wave 4-5 (Elliot wave Theory) is in play! From here, we can expect ETH to gradually creep along, and when BTC trades sideways ETH and other top10 market cap alts will make gains. Find more on that, here:
When ETH stalls (and BTC even retraces a little) that's when the smaller cap altcoins will shine.
Cheers to another ATH 🥂🍻
_____________________
OKX:BTCUSDT
Bitcoin About To Go ParabolicMartyBoots here , I have been trading for 17 years and sharing my thoughts on the crypto market.
This videos shows how Bitcoin can go parabolic and we need to watch very carefully over the next week or 2 .
For more information or any questions just send me a message
MartyBoots
Observations on Bitcoin Dominance ChartThe Bitcoin dominance level is approaching a significant resistance level, warranting attention. Although this chart is a representation rather than a real market, it appears to adhere to certain universal mathematical principles, suggesting that it may respond to key levels.
Notably, a strong resistance level is present above 60.92, which could potentially cap the current Bitcoin dominance. On the downside, support levels are visible at 57.5 and 55.5, with a more substantial support area at 50.5.
From a broader perspective, the chart indicates that we are currently in a downtrend, which may ultimately lead to a retest of the 39.0 level in the long term (potentially spanning several years).
While the outcome is uncertain, particularly given the representative nature of this chart, a potential decline from current levels could have significant implications for the market. Specifically, it may signal the onset of an "alt season," where alternative cryptocurrencies experience increased activity and growth.
Further updates will be provided as necessary, potentially in the coming years.
Guacamole Giving Multiple Buy SignalsThere are very few coins rn now that are flashing buy signals at me, but GUAC is one of them. Also, it flashed the buy signal twice. The last time GUAC flashed my buy signal at me multiple times (4 to be exact), it rocketed up over 200%. Whether or not you would have DCA'ed in, you have been in the profit at the point at which my indicator then gave a sell signal. The next time it gave us a buy signal, it made over 100% gainz. My followers and I took profits right around 88%. And now recently we once again have two GREEN DOTS, telling us GUAC will soon make a move. This move may be days away or it may be weeks but be prepared to make some nice profit either way.
SEIUSDT - SHORT TERM Support in DANGERSEI is retesting a key support zone, and losing this support zone may lead to a hard drop.
The opening prices of SEI has not yet been retested, and in most cases for newly released altcoins the price will return to "retest" the opening price. In some cases, it even falls under - but it is quite common for he price to return to these zones.
I discuss a similar situation on NOTUSDT, which is showcasing a similar situation:
IF the price cannot keep closing daily candles ABOVE the current support zone, it's likely that a hard plummet will follow, since the price has lost the 200d moving averages in the daily, which equals short term bearish.
____________________
COINBASE:SEIUSD BINANCE:SEIUSDT
Last chance to buy $dreams before the official game is launchedDreams Quest Origins, an open-world blockchain role-playing game (RPG), is presenting a sneak peek with a breathtaking snapshot of its DreamsVerse.
From beautiful landscapes and mystical trees to exquisite use of colors and styles, Dreams Quest presents an otherworldly dream-like environment that captures the player’s imagination.
The project has also enhanced its gameplay dynamics from play-to-earn to a more robust collect-to-earn (C2E) model through discovering, upgrading, buying, selling and trading rare and collectible in-game assets that will be saved in players’ inventories as nonfungible tokens (NFTs). Players can unlock quests and collect Organic Matter, crafting it to infuse elements into crystals and learn how to further forge and upgrade game asset NFTs.
Dreams Quest will deliver further updates on the game’s development, its trader’s market and various game assets. The trader’s market will serve as a cornerstone for players to buy, sell and trade game assets, acquire various special edition items and upgrade NFTs for game use.
Dreams Quest Origins will launch initially as a mobile game, giving players a fully immersive open-world experience accessed by any smartphone or tablet. Users can access game assets in the game or transfer them directly to their Web3 wallets. Further developments will be announced during the coming weeks.
Steve Good will be presenting as keynote speaker in Bangkok on the 11th-12th of November!
Keep an eye out for official launch after 4 years of hard work! 👁️
BTC DOM- Quick Update.
- If you're still standing and holding onto your cryptos, you’ve earned a medal.
- Not much to see in this monthly chart, just one key detail :
- Take a look at the RSI and notice how much BTC dominance has surged.
- The next move could be altcoins skyrocketing out of nowhere.
One word: HODL !!!
Happy Tr4Ding !
Two Charts to Watch to Time the Crypto Cycle Top Here I have the TOTAL2 chart overlaying the BTC market cap chart.
- Black: BTC
- White: TOTAL2
- Yellow vertical lines: BTC Halvings
The main alpha here is identifying the moments where TOTAL2 > BTC. This means the rest of crypto is valued greater than that of BTC, people are going further down the risk curve to seek greater returns, and peak euphoria has set in. Crypto markets top after BTC has made its run and once the alts, memes, and more degenerate activities soar following the rise in BTC.
At the bottom I have plotted the relative strength between BTC and TOTAL2 (Black line) which shows that once BTC begins to lose strength to TOTAL2 (a dip below the zero line) then the top is imminent. Currently we are well above the zero line and far from the negatives which indicates to me lots of time/ room left in this cycle for appreciation (if you're in the camp of the bulls).
I have also included a YOY rate of change (white area plot) showing the sharp increases in the ROC at the tops. currently we look very flat yet positive which is very similar to that of late 2016 and early 2017.
There is not much historical data so this could be invalidated easily, but the similarities from the past two 4 year cycles is significant enough to form an idea on when profits should be taken if you so desire.
Here is a chart of BTC-TOTAL2. This chart shows the delta between the two with a clear megaphone thing going on. The alpha here is that once that ratio dumps significantly that indicates the rotation away from BTC and into the more speculative side of the crypto market.
An increasing megaphone trend this chart is showing makes sense due to the natural rise in market cap the entirety of crypto experiences. It's kind of like an average true range of the delta between the two. The swings in the ratio will widen the more the market cap increases.
I wouldn't use these as trading indicators but rather as a guideline for sentiment and when it might be wise to be super risk on or more risk off.
My belief remains that we see a big pump next year with a sustained bull run up until Q4 of 2025 and Q1 of 2026 based on previous cycles in equities and crypto.
NOT - FREEFALL Possible for NOTUSDT NOT is short term bearish as we lose the higher-highs and form a bearish M-Pattern in the daily timeframe.
In an earlier post, I made an important note on how to trade newly released altcoins - and share a key fact that is might come handy for NOTusdt:
Additionally, we've fallen below the 50d Moving averages in the daily timeframe - also a bearish indicator for the immediate term.
Don't miss this update on BTC, as BTC will determine the direction of most of the market:
_______________________
BINANCE:NOTUSDT
BTC flush plan: Scampendemic BTC long-term plan
I call this a scampendemic pattern chart.
Brought to you by BlackRock on a bigger scale.
Summary:
Short-term we have to test 62-63k then further move up until we break that 70k
The best scenario is that they cause euphoria on reaching a new ATH. So I assume around 78-79k peak, then the big flush correction starts. Also, from 31/10 to mid-November, we reach the blow-off phase in timing analysis. In this phase, we will see alts doing big pumps and BTC in the range of 70k zone with new ATH around 78-79k. Then, the crash starts on the
29K—36k zone, and then the super cycle starts.
Simple plan, yet no one will see this is coming.
ZEC moment to shineKeep it simple! According to the chart, my estimate is to hit the zone in early Feb 2024
Estimate rebound 6x from here > $120 zone
My average entry is $19.7
I think this is the bottom for it in this cycle, next is rebound then the correction zone then bull run.
Disclaimer: I could be wrong, don't invest what you can't handle to lose. Manage your risks.