Bitcoin's Small Upside Potential Amid Stock Market DownturnAs the stock market experienced a significant downturn today, Bitcoin continues to show signs of strength, defying traditional market trends. The wave master indicator on the 4-hour timeframe suggests that Bitcoin may be on the verge of a final upward move. In this write-up, I will explore the potential impact of this move on Bitcoin's price, altcoins, and market dynamics while also discussing key factors that could influence the cryptocurrency's future trajectory.
Bitcoin's Upward Momentum
According to the wave master indicator mixed with a little Fibonacci sauce, Bitcoin is poised to make a move towards the $29,400 target. This bullish trend could be attributed to the resilience of the cryptocurrency market despite the stock market's recent decline. If Bitcoin successfully reaches this target, it may open the door for altcoins to gain traction and benefit from the increased interest in digital assets.
Bitcoin Dominance and Altcoin Opportunities
Bitcoin's dominance recently approached 50% before retreating slightly. However, a move closer to the $30,000 level could result in Bitcoin's dominance reaching the 50% threshold, which would increase the likelihood of altcoins experiencing a surge in the next two weeks. As a result, investors and traders should keep a close eye on the Bitcoin dominance indicator to identify potential opportunities in the altcoin market.
Full Moon and Bearish Divergence
While the wave master indicator points to an imminent upward move, it is essential to remain cautious. Full moons (such as the one on April 6th) have historically coincided with increased volatility in Bitcoin and other financial assets. Furthermore, the wave master indicator is beginning to show signs of bearish divergence, which may indicate a potential price reversal after one more higher high.
Reducing Risk and Realizing Profits
Given the current market conditions and potential risks, it is crucial for traders and investors to prioritize risk management and consider realizing profits when opportunities arise. Taking profits off the table while leaving some room for further price action can help protect gains while maintaining exposure to potential future growth.
Despite the recent downturn in the stock market, Bitcoin appears to be maintaining its upward momentum for now, with the wave master indicator suggesting a possible move towards the $29,400 target. This development could have a significant impact on Bitcoin's dominance and the altcoin market. However, it is essential to remain cautious due to potential volatility around the full moon and the emerging bearish divergence. As always, risk management and profit realization should be top priorities for those navigating the cryptocurrency market.
Bitcoin-dominance
Bitcoin Dominance Is Going to Rise Soon After versionAs I discuss in the past about BTC dominance and here you see the result of Bitcoin dominance and what is next now. I see a trend that is super solid maybe it rejects its major resistance in the first go and the continuation of a higher high trend and makes a new higher this year.
Bitcoin Dominance Range: The Key to Unlocking the Alt Season!In the dynamic world of cryptocurrencies, we are constantly monitoring market trends and looking for cues to predict future price movements. One such trend that has caught my attention is the Bitcoin dominance trading range (as I've discussed many times previously), which has been oscillating between 40% and 48% since May 2021 (almost 2 years). As the market anticipates a potential alt season, breaking through the 48% level and tapping 50% could hold the key to unlocking significant gains for alts.
Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization attributed to Bitcoin. As Bitcoin's dominance continues to trade within the 40% to 48% range, I am eagerly awaiting a shift that could signal the much-anticipated alt season. The best chance for this to happen is when Bitcoin dominance breaks through the 48% level and reaches 50%.
Ideally, we would like to see this shift occur within the next two weeks . A crucial date to watch is April 6th, which coincides with the full moon. If alts have surged by this date, it might be wise to exercise caution and reduce risk . However, if Bitcoin experiences a pullback leading up to the next full moon, this could present a bullish opportunity where I will be looking to capitalize on potential gains.
As the crypto market continues to evolve, the Bitcoin dominance trading range remains a key indicator for everyone awaiting the next alt season. With the full moon around April 6th serving as a potential turning point, it is essential to keep a close eye on market trends and be prepared to adjust trading strategies accordingly.
FINAL IMPORTANT NOTE
If Bitcoin dominance breaks throuh 50% and does not retrace, the alt season mentioned above will be delayed and Bitcoin would be making a significant advance to new highs for this year and would have surpassed the technical barrier of $30,000 - which would be extremely bullish for Bitcoin. This scenario I currently give approximately a 25% chance of occurring.
And remember, just like the moon influences the tides, it might influence the crypto market too – but don't be too surprised if it doesn't! After all, we're trading cryptocurrencies, not werewolf futures!
"Comprehensive Analysis of the Bitcoin Dominance Chart:-The Bitcoin Dominance chart is currently showing a trading value of 43.30%. Our analysis, as previously stated, has indicated that this scenario would unfold. The weekly chart for Bitcoin Dominance continues to exhibit a bullish trend and we can expect to see an upward movement towards the levels of 50% to 58%.
In this scenario, it is likely that alternative cryptocurrencies will experience a decrease in value when compared to Bitcoin. This can be observed in the market through the decrease of the altcoins in their respective Bitcoin pairs.
It is important to keep in mind key levels for the Bitcoin Dominance chart, including the support level of 41.50% and the resistance levels of 48%, 58%, and 71%. These levels will give traders and investors an idea of where the market is likely to react.
This high time frame analysis of the Bitcoin Dominance chart provides a comprehensive view of the market trend and potential future movements. It is crucial to keep a close eye on this chart in order to make informed decisions in the cryptocurrency market.
Is there more to Bitcoin Dominance than meets the eye I am trying to analyse the BTC dominance chart (with stablecoins) to see if there is any patterns we can notice from previous bull or bear markets.
The idea is this Is there a pattern to the % of bitcoin dominance at the bull cycle high to one at the low?
We understand that every year multiple shitcoins come to life. This increases the entire market cap without audit.
We understand that the bear markets decimate these shitcoin projects and liquidity flows back into BTC
We also understand that every bear market creates diamond hands.
What story can we weave from these charts?
🔥THE BEST TIME TO BUY ALTCOINS: DOMINACE AND ALTSEASON🔥 Hi friends! All you know and like the time when altcoins make +50-100% or more profit just in 1-2 weeks. Most of the traders enjoy this time. Dominance is a key thing that helps us to identify such periods (altseasons) and buy alts in time.
📊 WHAT IS ALTSEASON AND WHY DOES IT HAPPEN?
Altseason is a time when most altcoins grow by 30% or more.
THE TWO MAIN REASONS OF ALTSEAON:
1. BTC capitalization outflow and its inflow in altcoins (dominance fall).
🚩 Dominance is the ratio between the total value of all Bitcoins to the total value of the crypto market ( Bitcoin + altcoins). Altcoins start ti griw when it falls.
Bitcoin currently has a $320 billion capitalization and for Bitcoin these $1-2B globally do not mean anything. As the altcoins have a lower capitalization, when $1-2 billion from Bitcoin flows into any altcoin, it can grow by 100% or more. With large outflows (10-20% of Bitcoin's capitalization), the growth of all altcoins (altseason) begins.
2. huge money inflow in altcoins during periods of "greed", when crypto market makes new ATH or BTC is at the last stage of bull market (parabolic growth). The BTC dominance falls in this case too.
All you know the periods when BTC make a new ATH and this is a most comfortable time to grow your deposit - everything is just exploding.
✅ As Bitcoin is still far from its highs, which is the second reason for the growth of altcoins, we should look for the first reason, which is the flow of money from BTC to altcoins now. Our main task is to buy good altcoins just before the altseason.
📊 WHEN WILL THE NEXT ALTSEASON START?
Friends, as you can see on the chart, the altseason begin when the BTC dominance falls. Now we should expect the next atseason when BTC reaches 50-54% of dominance.
✅ The altcoins start PUMPS during this dominance fall as was shown at 1 and 2 cases.
Friends, I will publish a list and trading setups of the best altcoins when that time comes. Let me know which altcoin I should pay attention to. Write it's ticker in the comments.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Bitcoin Dominance Update ( Altcoins Blood Bath Coming Soon ? )#Bitcoin Dominance Chart:-
$BTC Dominance currently trading at 40% Level.
Very Close to Altcoins Top in BTC Pairs.
So Guys Ready to Exit Altcoins in BTC pairs.
Soon Big Dump coming in Altcoins so Open any trade with Proper risk Management.
I am expecting Dominance bounce from 38%-40% Level.
And Next Resistance is 50% Level mean if Hit 50% Dominance Level then altcoins Will dump 50% from Current Price.
And If you not exit from Altcoins in BTC Pairs then You will get Next Chance in 2025-2026
I am Not Talking about Altcoins in USD Pairs.
Still Altcoins may test New Low’s.
Happy Trading.
Support:- 38%
Resistance:- 50% / 58% / 66%
Please Like and Share
BTC What will be the narrative?BTC.d is in a downtrend but pausing furthing continuation in a bear flag. Most likely a test of the upper downtrend line will be next
And then?
A) Break the bear flag to the downside, expect immediate drop to channel bottom around 37% or even a break down of the downtrend causing acceleration. Pushing massive liquidity to altcoins, could cause an altseason for real.
B) Break the downtrend to the top and confirm with a retest. Break of 43% should lead to retesting the top at ~40%
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Bitcoin dominance. How does it affect the cryptocurrency market?#BTC #altcoins #dominance #education
▪️Bitcoin dominance index - is an indicator that indicates the ratio of bitcoin capitalization to the capitalization of the entire cryptocurrency market.
▪️How does btc dominance affect the market? - When the dominance of bitcoin falls, altcoins begin to rise - this is called the alt season!
▪️Now the dominance is at its minimum values, which means that it will soon begin to grow! Altcoins will be weak during this period of time. Bitcoin may reach $30,000 and go for a correction. So far, these are my thoughts for the near future!
Subscribe. stay tuned for ideas! Links below👇
BTC Bitcoin Dominance set to decline furtherOne would ask if bitcoin is already dead when looking at the data in this chart. Lets analyze and take a look at the take aways
We can see ever since the beginning the btc.d has been in a decline and after a very burtal wave 3 down in 2017/2018 it has been correcting until late 2020 from where it started the next impulse down.
having completed waves 1-4 already (white count, previously mentioned here ) we can see btc.d has started its final leg down.
since wave 3 triggered 4.236, wave 5 is expected to hit at least 8.236 which has super conflunce with major 1.272.
of course we have to monitor closely what waves form within this leg down since the 5th wave could also be truncated.
but either way, further downside for btc.d is to be expected and it should accelerate once breaking the previous low at around 39%
putting this fact into the context of the insanely bullish charts altcoins have, we could be pretty close to an insane altcoin rocket rally where btc.d would blow half its market capitalization into alts
and since the majority of people is afraid of markets heading for lower or even 0, this would be the ultimate, epic, pure, max pain scenario
its going to be some very interesting next weeks once we trigger the lower low!
a rise above 48,x% would require to reassess before invalidating this idea
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Altcoins One More Blood Bath Coming ( Bitcoin Dominance Chart )#Bitcoin Dominance Chart Update:-
BTC Dominance currently trading at 44.33%
And this area is Perfect Retest Area.
So Now I am expecting Upward move toward 50% Dominance Level.
So If Bounce and Go toward 50% then Altcoins will be bearish and One More Bloodbath can expect.
So If Dominance Above 43.50% then Not good For Altcoins.
But One more thing I am tracking at this Time.
If Dominance will increase then Bitcoin Price move Down Side.
Mean Currently Dominance = Inverse Proportional to Bitcoin Price.
Red Area = Blood Bath in Altcoins.
Below Red Zone= Good For Altcoins.
Resistance:- 48%/56%/62%
Support:- 43.50%
Keep watch before open any tradez
BTC dominance - the reason behind Altcoin outperformance !I drew this chart 1st of May 2022 and suggested that it was signaling an Altcoinseason.
After the dominance had broken out of the bearish triangle to the upside I thought I WAS WRONG.
However, after a strong reversal the Bitcoin Dominance has fallen back inside the triangle today and is FALLING LIKE A STONE !!!
Will be really interesting to see how this further develops ....
$BTCDOM/USDT 2D (#BinanceFutures) Rising wedge on resistanceBitcoin Dominance Index looks locally topped and about to reverse mid-term, let's give it another try!
Current Price= 1517.1
Sell Entry= 1517.1 - 1572.5
Take Profit= 1411.7 | 1311.6 | 1211.1
Stop Loss= 1656.1
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +17.24% | +30.20% | +43.20%
Possible Loss= -14.40%
Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 2x
Estimated Gain-time= 5-6 months
Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance
Contract:
www.binance.com
😥🎢BTC.D: retail traders sell alts in a panic! Time to buy?📈Bitcoin's dominance has grown to 45%, while most altcoins have fallen by 75-90% from their ATH. One Luna🌔 lost $18 billion in capitalization. Why do we need this dominance and how it helps to increase the win rate? I'll explain it in this idea.
💼What is dominance? Bitcoin dominance is the ratio of the capitalization of the major cryptocurrency ( BTC ) to the total capitalization of cryptocurrencies. Simply put, % of Bitcoin's capitalization in the TOTAL capitalization of the crypto market (Bitcoin+Altcoins). Now it`s 45%.
💹What does dominance help to identify? As we can see from the 8% dominance growth, altcoins are getting weaker. But why does this happen? It is because of the panic of retail traders. In search of a quick profit and investing all their depo in altcoins without any analysis, they have lost significant capital and are trying to sell them as fast as possible despite the 90% fall of alts.
✅The key level of 50%, when the value of all altcoins=the value of all Bitcoins , will be the huge resistance to Dominance. Bitcoin can reach that level if it can drop to $23-25k and all retail investors finally panic sell off their alcoins, pushing the price down. That would be the best place to buy, but I'll tell you about that later.
🏁Let me know if you want to know more about altseasons: why and when it`s happen? Altseason is the best opportunity to grow your deposit.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
BTC.D - Navigating the next cycleLeading and following a bear market the dominance of bitcoin in the market increases. What this means is that ALTCOINS are bleeding more and being liquidated into bitcoin, stable coins or cash.
During the peak of the 2017 cycle the dominance of BTC reached 35% and reached 40% this 2021 cycle. The similarities in these two data points can suggest a pathway for the next cycle.
Bitcoin will continue to increase in its dominance value until a market bottom is formed. I expect this to be around 55% region. This area is of confluence and when the bottom formed in 2018 this dominance was oscillating in this region.
I would then expect an accumulation phase leading to a decline in the dominance of bitcoin as people now start liquidating from BTC in to alt pairs and generally cash flow increases in alt accumulation.
Thereafter, we have the confirmation of the bull market at bitcoin leads the rally and I can see valuations as high of 60% of bitcoin dominance. Notice this isn't the same value as 2018 highs which were more closer to 70%. I think presence of larger caps such as ETH will influence this value.
After peaking, begin the alt season where you will see if the altcoin you brought during the bear market has rewarded you.