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.
"We had a great projection regarding the Bitcoin Dominance bearish shift around the 60% level, and it played out perfectly. I’ve linked that projection to this post for reference.
Currently, Bitcoin Dominance is testing the weekly supply zone as a bearish retest. This aligns with the premium side of the Fibonacci, adding to my conviction that we’re likely to see a bearish reversal from here, forming a lower high. This lower high could potentially trigger another leg down in dominance, setting the stage for a strong altcoin season.
I expect this shift to happen very soon.
Altseason2024
SEI SWING LONG OPPORTUNITY - SEI NETWORKSEI created a weekly demand zone by tapping into the monthly demand. We observed an impulsive bullish trend that broke out of the consolidation zone we've been in since September 29th. The breakout was exceptionally strong, with a daily close above the range. Because of this, I don't anticipate the price dropping back to the range low of the consolidation any time soon.
I expect a retracement to retest the range high of the trend, marked as the weekly demand (purple zone). This aligns with a key Fibonacci level, providing further confluence that the maximum discount zone (blue box) could be where the price reverses.
I will look for LTF confirmations before initiating the trade.
My expectation is a direct move toward the all-time high. I plan to carry this position as a swing trade until the end of the bull cycle.
SL: $0.28 (Below the daily close)
TP: $1.14 (All-time high
XRP Christmas Rally Imminent! New All time high incoming!!BITSTAMP:XRPUSD Your last opportunity to get XRP at a discount before it goes parabolic is presenting itself. $1.52 -$ .1.50 is the target bottom....
If it doesn't get back down to $1.96, then that means $1.96 was the bottom, and we would backtest that level and break straight out of this bull flag pattern! 🚀
reversal of this downtrend, an ABC correction, could possibly be complete by the 11h of Dec.
SUI TARGETS ALL TIME HIGHS - SUI NETWORK LONG IDEAThe price ran the daily swing liquidity but failed to close below, showing a strong rejection after the liquidity grab. It created a 4H demand zone, and the price tested this zone with another strong rejection. Recently, we broke the bearish trendline, followed by a retest.
I entered the trade at the trendline bounce and am targeting new highs.
SL: $2.97 (Daily close below)
TP: $3.95 (ATH)
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.
Is It Really Happening: When Altseason Will Begin?Hello, Skyrexians!
Today we will observe the CRYPTOCAP:BTC.D chart, this is the chart which shows the Bitcoin dominance on the crypto market. During last 2 years it has growing slowly, but permanently. It caused to this strange cycle where Bitcoin has broken ATH, while some altcoins set the new low every month. Is this nightmare really finished or altcoins will continue suffering? Let's discuss today.
On the chart you can see weekly time frame which showed two completed altcoin seasons: in 2017 and 2021. Last altseason has started after reaching 0.618 Fibonacci level from the previous altseason. Then we saw the big drop to 40%. Let's notice that this altseason has been started after flashing the signal on Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
Currently this indicator has been flashed 2 bearish reversal bars in the 0.61 Fibonacci retracement zone. If today weekly candle closes with this signal and next week there will be the confirmation - 58% breakdown, there is a high chance that real altseason come the market.
Best regards,
Skyrexio Team
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DOMINANCE - real bullish for ALTS didn't start yet!monthly chart displays a breakdown for multi years rising wedge .. the interesting thing that today is a monthly close and we are only a few hours away from this.
rising wedge lower side matches with 0.618 fib (golden level) ...In fact, these two levels represent strong support that was responsible for the loss of thousands of traders and their suffering throughout this period.
it's a real sign to be bullish in december...
Caution still required ... retest the lower side of rising wedge is expected ..so don't use a high leverage
if u spot ..so don't worry it's time to get money ,,, don't sell ur coins too early u will regret missing opportunities Very much
BEST Regards Ceciliones🎯
AAVE COIN LONG IDEA - AAVE ALTCOIN SWING LONGAAVE is a coin I monitored closely during Summer 2024. While most altcoins were making new lows, AAVE was accumulating and showed resilience, which suggested to me that it might outperform others in the 2024-2025 altcoin bull season.
Technical Analysis: Price accumulated within the monthly demand zone throughout Summer 2024. It finally took off, breaking the weekly structure and creating strong bullish momentum on the weekly and daily charts.
Price broke the bearish trendline with strong momentum and created a daily demand zone below. I’d like to see price retrace into the daily demand, hit the maximum discount area, possibly test the trendline, and then take off toward the target.
As always, look for lower time frame confirmations within the entry zone before initiating the trade.
Stop loss: $110
Target: $261
AR COIN SWING LONG - Arweave Long OpportunityAR is one of my favorite coins fundamentally. It has a strong foundation in storage and distributed computing, which could play a crucial role in integrating AI technology with crypto. I won’t go deep into the details here, but you can read more about it online if you’re interested.
Technical Analysis:
The price reached the monthly demand, ran the daily swing liquidity, and couldn't close below it. We saw a strong rejection from that level, which led to a break in the daily structure.
Additionally, we broke the bearish trendline responsible for the downtrend since spring 2024. The trendline has been retested and rejected, further reinforcing the bullish bias. I believe we could soon see strong upward momentum on this coin.
I’ve purchased a spot bag and opened a futures position at this level, targeting significant upside and potentially holding as a swing trade until all-time highs.
NEIRO LONG IDEA - MEMECOIN SEASONNEIRO is one of the most hyped memecoins on Ethereum overall. I've been keeping an eye on this one for a while. It's always a good idea to monitor coins like these because when they move, they move big. I’m projecting at least an 80% increase from here, targeting the all-time high (and potentially more).
Technical Analysis:
The price has been retracing into the weekly demand zone for some time. We’ve now hit the maximum discount zone according to my analysis. I also received my LTF confirmations, so I’m entering a long position here, aiming for a move all the way back to the ATH.
Stop Loss: $0.001145 (below daily close; it might wick below this level but shouldn’t close below)
ALT SEASON BREAKOUT! XRP to $1.78 & higher! Ripples & WavesBITSTAMP:XRPUSD
Keeping it simple, Alt season is here!!!
You can see it in the ripples & waves of the XRP Chart as they emanate outward from what seems to have been a massive buy bomb! and from the looks of It, it appears it was the direct hit we needed to finally propel XRP through the stratosphere !!
It seems by all metrics that we are set and ready for market expansion for the ALT coin market. XRP only moves with the broader crypto market, so a breakout in alts, means breakout for XRP. What's more, the only 2 possible moves left for XRP both lead to an imminent breakout. There could be a retest back down to $1.20 - $1.09 area, then we experience the parabolic breakout from there or, we break straight out from our current price levels of around $1.45.
Either way, exciting times are ahead. careful with leverage, protect your portfolios and just ride the waves...... 🌊
BNB SWING LONG IDEA - ALTCOIN SEASON - BNB CHAINBNB is one of the most stable coins in the crypto market. With Binance officially backing it, BNB is relatively safer compared to other altcoins.
Technical Analysis: The price hit and wicked into the monthly demand zone during the August 5th dump, showing a strong rejection and initiating an upward trend. This move established a weekly demand zone by breaking the weekly structure, and as it did so, it created a daily demand zone, which is a significant area for me.
Currently, the price is back into the daily demand and has reached the optimal trade entry zone according to the Fibonacci levels. I anticipate an upward movement from here in the coming days.
Targets: The initial target is $613-$619, with potential to reach the all-time high at $722.
Note: Watch out for the U.S. Presidential Election, as it may cause volatility with long wicks that could stop out positions.
TIA Swing Long Idea - Celestia Altcoin LongTIA was one of the best-performing assets during the 2023-2024 altcoin run. As a leader in modular blockchain technology, I find its fundamentals very strong. I’ve been holding a significant number of TIA spot positions since 2023."
Technical Analysis:
The price has been relatively weak over the past few months. However, starting from September 2024, we saw an upward movement, creating a weekly bullish structure. The price broke the bearish trendline and closed above it. After deviating from the trendline, it retraced to the daily demand zone below, found support, and is currently holding above the trendline.
The price appears to be in an accumulation phase, lagging behind the upward movement of other coins. Despite this, I like the current levels and have opened a small position here.
Note: If Bitcoin retraces sharply, it could trigger the stop loss and take me out of the trade. To manage this risk, I will monitor the daily close below my stop-loss level before fully exiting.
SL: $3.60
TP1: $7.60
TP2: $11.90
TP3: $15.55
Altseason Starts SoonThe Chart above show Bitcoin Dominance (BTC.D) over time, with highlighted patterns and cycles that may be tied to Bitcoin halvings and market trends. Here’s my analysis based on the chart's structure:
Key Observations:
Repeated Patterns:
The chart highlights similar phases of Bitcoin dominance decline across three separate cycles, lasting roughly 231 days.
Each phase seems to correspond to a bearish period for Bitcoin dominance, where altcoins gain relative strength.
Halving Impact:
Vertical lines mark Bitcoin halving dates (green lines), which historically have a significant impact on the crypto market.
Following halvings, BTC dominance often rises as Bitcoin leads the market in initial rallies.
Projection:
The chart projects a decline in dominance after the current rally, extending into mid-to-late 2024.
A potential drop to ~44%-46% dominance is outlined, indicating a possible altcoin season or broader market rotation.
Support and Resistance:
The chart highlights a resistance zone around 62% dominance, which Bitcoin dominance seems to have tested recently.
A bearish breakout is suggested, aligning with a downward trend in the future.
Possible Interpretation:
Short-Term View: Bitcoin dominance might continue upward for a while but could face resistance near 60%-62%. If this area holds, a reversal could lead to dominance declining, benefiting altcoins.
Medium-Term View: If the projection holds, BTC dominance could see a prolonged decline lasting nearly a year, dropping below 50%. This scenario typically coincides with altcoin seasons where altcoins outperform Bitcoin in relative gains.
Risk Factors:Bitcoin dominance does not always drop due to bullish altcoins; it can also decline during a market-wide sell-off where Bitcoin loses less than altcoins. Macroeconomic factors, regulatory changes, and adoption rates could alter the outcome.
#WLD Potential Buy SetupGood Morning Ladies and Gentlemen's
i Introduce you my Prediction that the Officialy Altcoin Season had Started.
from now on look on bigger Target and Watch out how almost All Coins will Pump some in one Day some in the Other Day so from here on i don't need to Spam you with tons of Coins in a Day when you know everything will Pump.
The Best Safe Opportunities is SPOT but its your Choose.
📈 Entry CMP : 2.284
🛑 SL: 1.961
🎯 Target 1: 2.831
🎯 Target 2: 3.606
🎯 Target 3: 4.403
Cheers to All 🍾
ALT Season? Not Even CloseWhen we exclude Bitcoin from the total crypto market cap, it becomes clear that we’re far from the conditions needed for an ALT season. Here’s a breakdown:
First Resistance: $1.28T (Excluding BTC)
The last high was in March 2024, with the market cap reaching $1.28T.
At that time, BTC dominance was around 52%.
Second Resistance: $1.71T (Excluding BTC)
This was the peak during the ALT season in November 2021, with the market cap hitting $1.71T. Back then, BTC dominance had dropped to just 42%.
Current Situation
BTC dominance is now sitting at 60%, which is far too high for a typical ALT season to start.
Historically, ALT seasons tend to begin when BTC dominance falls below 50% or even lower.
Conclusion
The altcoin market has a long way to go before reaching the conditions for a true ALT season. We need BTC dominance to decline significantly and the altcoin market cap to break through key resistance levels at $1.28T and $1.71T.
What’s your outlook? Are altcoins still in Bitcoin’s shadow, or is a shift coming? Let’s discuss!
INJ SWING LONG IDEA - ALTCOIN SEASON 2024-2025INJ experienced significant gains during the 2023-2024 altseason, making it a smart move to watch this coin for the 2024-2025 altseason.
Technical Analysis:
The price ran the weekly swing liquidity during the August 4th dump. It wicked but couldn’t close below, signaling bullish strength. Following this, the price broke both the daily and weekly bearish structure, turning bullish on two higher timeframes.
Recently, the bearish trendline responsible for the downtrend since spring 2024 was broken with strong momentum and a confirmed close above. This indicates to me that the price aims to move higher.
I expect the price to potentially retrace into the weekly demand zone, hitting the optimal trade entry (OTE) level and possibly retesting the broken trendline.
I will be looking for lower timeframe (LTF) confirmations within the weekly demand zone if the price reaches that level.
SL: $13
TP1: $28
TP2: $41
TP3: $53
My thoughts are giving me no peace with this idea 2 I've updated my expectations regarding the altseason after reviewing the statistics. I believe the growth of altcoins will happen in two phases: first, a drop in Bitcoin dominance to 40%, followed by a recovery to 45-50%, and then a crash below 30%. I'll share any updates if I make any fixes. The scenario is invalidated if dominance rises to 65-70%
RENDER SWING LONG IDEA - RENDER COIN RENDER is one of the leading AI and DePIN projects in the crypto market. During the 2023-2024 altcoin bull cycle, this coin achieved a remarkable 10x return, so I recommend keeping a close watch on it.
Technical Analysis: The price recently hit the monthly demand and faced a rejection there during the August 5th dip. This rejection sparked an immediate bullish movement and shifted the weekly structure to bullish. The price also initially pulled back from a bearish trendline responsible for the downtrend since March 2024.
Recently, the price broke through this bearish trendline with strong momentum, highlighting the strength of the trend, and I’m interested in joining the trade after this breakout. My targets are set on the purple levels, and I expect potential upside in the coming months.
SL: $3.98
TP1: $6.80
TP2: $11.90
TP3: $13.80
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 🥂🍻
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OKX:BTCUSDT