BTC Dominance should dip soon.Looks like we’re close to breaking down for bitcoin dominance this is what I project. Let’s see what happens.
Bitcoin-dominance
Get ready for ALT-SEASON!We got confirmation on breaking uptrend channel downwards in last few weeks and we all know what that means. More CRYPTOCAP:BTC.D goes down better for alt-coins. 47-51% is the range I am looking for. There are few alt-coins haven't made major moves in last year, I will post about it soon. Keep posted!
Bitcoin Dominance - Falling Wedge Broken - Altseason is here #BTC.D (Bitcoin Dominance) #Analysis
Description
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+ Bitcoin dominance has formed a nice falling wedge pattern and support is broken successfully.
+ This was the moment that everyone was waiting for, in 2025 we are gonna see a huge bull run, greater than last bull run.
+ Falling wedge is a bearish pattern and the dominance has successfully broken down from the wedge and heading towards the next support at around 39% (This is gonna be a the peak of the alt season)
+ 2025 jan will be huge for altcoins.
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VectorAlgo
Can we consider this a retest?In my last post on bitcoin dominance I noted that for the first time in a year and a half we had broken our wedge to the downside. This was hugely bullish for altcoins and indeed, we saw some massive pumps occurring in the space. But I also cautioned that we could reverse and head back up to retest the underside of our wedge. This is a classic technical move. I call it "Kiss Mamma Good-bye" as price always seems to like to come back one more sentimental time to an area of supreme significance before moving on. This retest would then cause alts to drop significantly, liquidating many. And we saw this occur this past week. So, can we consider this our retest? I know we didn't touch the underside of our wedge completely but bulls are in a hurry here. They want one last good pump before Christmas. And if my chart is correct, I think we'll get that.
✌️ Stew
Bitcoin market dominance reaches almost 60%Bitcoin market dominance has been steadily rising within this regression channel since September 2022 and is now almost at 60%! Make your own conclusions on who's king in the market currently...
$BTC.D Near 60% - Cue Altseason?Bitcoin Dominance continues to rip nearing its target of 60%
You can see the 2 major trendlines about to converge, similar to what we saw in March 2020 which was followed by more rate cuts.
We could expect CRYPTOCAP:BTC.D to break trend, and fall under the 50WMA, cueing a short-term Alt season, and then Bitcoin stealing the show again with more institutional buying on the horizon.
This could bring one last shakeout to the Altcoin market, before BTC.D completely falls off a cliff and the entire market goes parabolic.
BITCOIN DOMINANCE - Completion of an 5th impulsive waveWe are currently completing the fifth impulse wave of a micro degree, which, if it fully plays out, could trigger a significant downturn. This potential drop could pave the way for an altcoin season.
Still we have a 5th wave extension around 60%-62%.
Extremily extended $BTC.D Bitcoin DominanceThe Bitcoin Dominance CRYPTOCAP:BTC.D is almost at the vertix of the wedge
It is been 2 months now it is flerting with the down side, but returns to the wedge formation
Once the break down is confirmed, expect a surge on alts!
#BTCDOMUSDT #1D (Binance Futures) Ascending trendline breakdownBitcoin Dominance is pulling back towards 50MA resistance on daily, seems likely to get rejected next.
⚡️⚡️ #BTCDOM/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (6.0X)
Amount: 6.0%
Current Price:
2374.2
Entry Targets:
1) 2411.5
Take-Profit Targets:
1) 2010.3
Stop Targets:
1) 2612.6
Published By: @Zblaba
BINANCE:BTCDOMUSDT.P CRYPTOCAP:BTC.D #Bitcoin #Dominance #Index
Risk/Reward= 1:2.0
Expected Profit= +99.8%
Possible Loss= -50.0%
When will the altcoin season come in 2024 ? When will the altcoin season come in 2024 ?
Let's prepare for this cycle's huge altcoin bullish market 🚀 #BTC.D
Righ now, I will share my personal experience to know when the altcoin season will come in 2024.
Based on the 2016 and 2019 cycle, I know the important signs based on the BITCOIN DOMINATION CHART.
Every time the BITCOIN DOMINANCE CHART make peak, this index will decrease, then the proportion of the entire altcoin market will increase.
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#btc #Altcoinseason2024 #BullishOnCrypto
About Bitcoin DominanceHere's the information about Bitcoin Dominance:
Bitcoin dominance has never reached a higher level than it has in the past (all-time high).
When Bitcoin dominance is at its peak (highest), the total market value of all other cryptocurrencies (altcoins) tends to also reach a new high.
Historically, Bitcoin dominance peaks around 250 days after a Bitcoin halving event. This means the next peak could be around the beginning of 2025 (first quarter).
Altcoin Season Watch with Bitcoin DominanceWe're closely observing the current Fibonacci resistance level for BTC.D. The significance of holding at 55.25% could signal the inception of a potential altcoin season.
Exciting times might be ahead!
BTC.D no longer dominant - Alt season?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 BTC.D has been stuck inside a weekly range for for almost two years.
📉 However, currently BTC.D is currently rejecting the upper bound of the range , and upper red trendline acting as a non-horizontal resistance.
That's why we are speculating Altcoins to gain strength after a couple of days / weeks.
What do you think?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#BTCD #BITCOIN #DOMINANCE #Crypto #Market #DUMP #Soon #Eddy#BTCD #BITCOIN #DOMINANCE #Crypto #Market #DUMP #Soon #Eddy
(("My analysis of BTCD"BITCOIN DOMINANCE" is like this, from my point of view, it is possible to track the position of short selling transactions on most currencies in the market."))
- What do you think? Have you checked BTCD in this time frame? Write me in the comments!
- My confirmations are based on Wykoff's review of Bitcoin in multi-time frame, as well as Bitcoin and Tether's Dominance review.
Its about Wyckoff ;-)
Also My Short Setup is Activated ;-) (( BTC/USD )) latest published chart link :
BTC Dominance 57% and 60% in sight ok okBTC dominance pumped to new local high at 55% probably 57% in sight.
ETF news becoming a reality it seems so we might see 60% and higher in that case, is that a white swan event or what?
Bitcoin is in the driver's seat! The Crypto DominatrixBitcoin is putting a serious hurt on the rest of the crypto markets this fine Monday morning. It's bust above 40K was powerful and hasn't given much look of slowing up.
What I am looking at is the Bitcoin Dominance. WIth it pumping over 54%, this means the the majority of the money in the entire cryptocurrency industry is flowing into the top coin, for now. Once people have had their fill and the price finds a supply zone, selling will start occurring again. When this happens, that's when it's best to start hitting the major altcoins and let them absorb some of the market share for a while.
The Bitcoin Dominance chart is certainly one that any crypto trader needs to watch, whether you are a maximalist, or someone like me who doesn't date it, I just trade it!
Big Fish said to the swarm of tiny little fish: ......"You little filthy retail, take my ETH now. Since it is unlocked and in a profit. and choke on it ! "
You can already see how they 'talk' via all the twitter and YouTube influencer b.s. feed.
BTC Dominance without stable coins tells the real story.
BTD Dominance is in uptrend.
It did not finish yet.
This is the 'buy local top on ETH' moment for retail.
and they will shove it up your throat if you let them.
ETH is between 100-144% in profit since major bottom.
***there will be upticks on ETH usd valuation to keep 'little fish' excited and interested.
Crypto Total MC sending while MC excluding Alts lagging behindBTC spot ETF has been approved. This is why i have been saying to load up at these bear market levels. Not a time to fomo now, be patient. Its a NEWS pump.
The risk of not loading at these Bear Market levels is too high. Once we dip start scooping, prepare for all scenarios, keep in mind a black swan can always still appear with the state of the world.
Crypto Total market cap sending and hit a resistance on weekly, while the Market Caps excluding BTC is lagging behind still.
This is due to the BTC dominance pump, breaking through its local high. Expect Alts to lag behind as predicted, this is a BTC ETF not an altcoin ETF.
BUT money flows in BTC people take profit then they start buying alts, this is what has happened since inception. Be patient and keep scooping cheap alts.
BTC Dominance sending, alts will suffer most likely if this rally continues. But then you scoop and ride em when BTC starts dropping.
🔥 Bitcoin Dominance Incredibly Bullish: Alts Will Get REKT 🚨If you enjoy this analysis, please like and follow.
Ever since BTC fell through the 2023 bull-market support line, things area looking bad for the market. I've made several bearish bets recently, which have been playing out great. Some investors like to flip-flop their bias constantly, but it's much more beneficial to approach the market from a IF-THEN perspective.
Generally, the Bitcoin dominance rises during periods of:
- Bitcoin-only run-ups, like in the first half of 2019.
- Periods of fear, investors exit risky assets and move to a less-risky one (BTC).
With Bitcoin looking bearish, it's great news for the bears that the BTC Dominance is showing incredible long-term strength.
- The BTC.D is currently trading in a falling wedge pattern, which is generally a bullish reversal pattern.
- The BTC.D has retested a previous area of resistance as support. This often happens in markets and is generally accepted as a confirmation of the trend, which in this case is up.
Personally, I'm expecting the markets to go down over the next months. Sure, we can have some bullish days here and there, but it's likely that the 2023 top is already in. Remember that pre-halving years are generally half green, half red, and we're due to some red!
As a result of a bullish BTC.D, alts will lose value against Bitcoin. So, when BTC drops 10%, alts can drop much more than that. As seen on the chart below, the overall altcoin marketcap (ex ETH) is just a mere 10% away from making new bear-market lows.
Are you bearish or bullish? Share your thoughts in the comments 🙏
BTC D possibly going for 48%Currently it looks like BTC D is topped at 52% area with a major retrace visible on the weekly.
Weekly close approaches in 3 days, once we have a closure we can be more certain of the direction.
Still have major alt exposure at these levels but mainly in BTC ETH and stables for now still as the halvening is months ahead.
Don't get caught playing in the sandboxDescending channel on the daily chart with 50 day MA touching top of channel just as trend entering the ichimoku cloud. If you look back along the channel both times the ich cloud has been entered it has lead to a further move downwards. With the macro looking pretty bad with the SEC going after the whole crypto market except bitcoin. No resistance plus a rising BTC dominance may mean sand has a low way to drop over the next few months. As always not financial advise, so its not.
🔥 Bitcoin Dominance Falling: Alt-Season Finally Starting?In my most recent analysis on BTC.D I wrote that we were at an important resistance area. We would either blast through the resistance, and continue the Bitcoin-only bullish move, or we'd see a reversal where alts would start to outperform Bitcoin by a large margin.
As seen on the chart, BTC.D has seen a reversal from the top resistance area. This has given alts, especially ETH, more room to grow.
I'm not entirely sure whether we're going all the way back down towards the bottom support, but at least we can get a couple of weeks with better alt returns?
For now, I'm assuming that the decline in Bitcoin dominance is temporary, so let's enjoy the alts while it lasts.
🔥 Bitcoin Dominance At MASSIVE Resistance: Alt Season Or Dump?🔶 The Bitcoin Dominance (BTC marketcap / total crypto marketcap) has reached its highest value in nearly two years
🔶 Predicted in previous BTC.D analysis:
🔶 Alts been underperforming BTC in 2023
🔶 BTC.D goes down, BTC stable or up = altseason
🔶 BTC.D goes up, BTC up, alts bleed against BTC
🔶 Both BTC and BTC.D are on critical resistances, be careful!
