#BTC Dominance Update – Key Levels in Play!🚀 Hey Traders! 👋
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥
Bitcoin dominance ( CRYPTOCAP:BTC.D ) is trading inside a beautifully defined rising channel on the 4H chart.
📈 What’s unfolding?
✔ Strong support holds at the lower channel line (marked by green arrows)
✔ Bounce potential toward the upper channel resistance (~65%)
✔ Expect possible rejection there, followed by another retest of support
💥 Why this matters:
✅ BTC dominance drives altcoin sentiment
✅ Rising dominance → pressure on altcoins
✅ Watch for a breakdown below support → potential altcoin relief rally
⚙ Key Takeaway:
Monitor this channel carefully. If dominance breaks below support, alts could gain momentum. If it bounces, BTC will continue to lead.
💬 Drop your thoughts in the comments — are you betting on BTC or alts next? 🚀👇
Bitcoindominance
Bitcoin dominance and the altseasonIn this chart, you can see the Bitcoin dominance from 2017 till now.
The depth of the altseason was 35.14% and for the bear market we went up, up to 73.02.
If we take a Fibonacci retrace level, we can see during 2021 altseason we were only retraced 0.893 or 89.3% what we lost during bear market.
It was something new and for the first time, Bitcoin Dominance didn't make the new all time low.
Following the same fact, I decided to find the possible levels for bitcoin dominance to top. we are getting closing the the 0.786, this level usually the last level that we could be bearish in any chart, however remember that last altseason we passed 0.786 but rejected at 0.893.
My opinion would be we are reaching to the top of Bitcoin dominance sooner than later, I can easily see Alts are reversing from bearish in short term and BTC Dominace Maxing in stoch RSI.
When you stay longer than usual in max excitation in stoch RSI you will be doing longer in opposite direction as well
Max BTC dominance can reach 66.2%
However, worse case scenario I am expecting at least BTC Dominace during altseason drop to 49.14% which is a historical support and also resistance during BTC season and Alt Season.
Ideally, we should go down up to 45.30% as it would be the 0.786 of the range from 39.9% to 66.2%
However, if we are able to make a new All time low in BTC dominance first idea place to see rejection or reaction would be 32.38%
Bad News From Bitcoin Dominance: Pain AheadHello, Skyrexians!
I got sick for these 5 days that's why has not shared updates, but market was very boring so we didn't miss any significant move. CRYPTOCAP:BTC.D concerns me now because to end this trend we need to see any significant correction, but we didn't. On the 12h Awesome oscillator was not able to cross zero line and reversed to the upside, so our main change is that daily time frame measures the wave 3 inside the major impulse.
If we count waves inside this impulse price is approaching 1.61 Fibonacci level at 65.3% and trust me it's much better to see it's reaching before the drop. When this wave will be finished, wave 4 will happen. It can bounce significantly to 61%. This is strong target area and I am sure we will be there soon. Wave 5 can be extended, can be not. The max target is 71%! Sounds awful. The likely target at 66-67%, to make it more precise let's wait for wave 4 finish.
I plan to close in profit those part of trades which has been opened after Feb 3 dump on this potential bounce to have money to add on the last huge shakeout. People believe in altcoins too much, very unlikely to have altseason now. Ready for hate!
Best regards,
Ivan Skyrexio
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Btc.d targetting lows.This is the short term target.
* The purpose of my graphic drawings is purely educational.
* What i write here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose your money.
Bitcoin Dominance TA, Bearish SignalsRecently I spotted a very strong, long-term bearish signal on this index. A triple-bearish signal as it is present with three indicators. I am talking about a bearish divergence.
Volume has been dropping significantly as the index moves higher.
The weekly RSI peaked October 2023 and has been producing lower highs. The MACD peaked July 2023.
These are long-term, but let's have a closer look and consider the daily chart.
Here we have some interesting signals as well, let's start with the candles:
—Here we have a rising wedge ending in a rounded top and long-term double-top. The uptrend is also in risk of failing. A breakdown of this uptrend, which can happen anytime, would result in a strong crash of this index.
Next is the daily RSI:
—The peak happened November 2024. There is also a short-term lower high as the peak this month happened on the 7th of April, the index peaked on the 22nd.
—The daily RSI is already trending lower.
Clearly the most interesting and revealing of all three indicators is the daily MACD. Let me show you the chart first and then I'll describe the signals:
—Here the lower high is so strong that reveals what is coming to this index. The MACD peaked in February and produced a lower high this month, April. Notice the bearish cross, it happened yesterday.
The daily MACD and RSI trending down with short-term, mid-term, long-term and long long-term bearish divergence all point towards a lower reading on these oscillators.
The last major drop for this index happened in November 2024 with the bottom hitting a month later, December 2024. At this time Bitcoin produced a very strong advance as well as the entire Altcoins market, it was awesome.
It is surely interesting to notice that the index recovers and moves higher while Bitcoin continued to grow. But at that time the Altcoins were starting their correction. Most of the Altcoins peaked late November 2024 and some in early December 2024. So this index is more related to how the Altcoins behave rather than Bitcoin.
When it drops, it does not mean that Bitcoin will drop but that the Altcoins will grow. When it grows, it does not necessarily means that Bitcoin is moving up but that the Altcoins are moving down.
We know the Altcoins are set to produce their strongest growth period since 2021. This Bitcoin Dominance index works as confirmation. It leaves no room for doubt.
» Doubt can remain open as to whether the start of this rise will happen tomorrow or within a few weeks. Short-term, anything goes; the market can become erratic and produce some strong shakeouts, specially preceding a major wave of growth. But after 2-3 weeks, it is 1,000% certain that the entire Cryptocurrency market will be bullish and up. Regardless of what this index does or anything else for that matter. When the time is ripe, the market grows.
The time is ripe right now... You will be happy with the results.
Namaste.
BTC Dominance New Update (12H)This analysis is an update of the analysis you see in the "Related publications" section
We had a bullish diametric for Bitcoin, and it seems that the price has reached the highest point of this diametric. Wave E of this diametric, which is a bullish wave, is nearing its end.
We refer to this as the highest point because Wave G might not reach the peak of Wave E.
We expect a rejection from the red box, and this rejection could be very strong. Smaller altcoins could experience a significant pump.
A daily candle closing above the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Total 3, do flags point to the target area?Welcome back dearest reader,
Today i have a very interesting analysis for you, quite some valuable time was put into this.
What i've noticed is the following:
-From april 2021 untill july 2021 total 3 has been trading in a bullish wedge flag, when we continue the lines on the full candle bodies the apex pointed to the top of that flag durationwise
-August 2022 till october 2023, extend the trendlines, apex march 2024, look up. Oh.
-March 2024, october 2024 --> apex december 2024, look up. Oh.
Now:
-January 2025, april/may 2025, apex june 2025, look up. Oh.
-I used the fractal from july 2021 as i think we're in this period
-Upward sloping channel from october 2022 untill now could provide insights as to what the target price might be, HH and HL
Target: 1.5T
Also check out my BTC.D idea, these would coincide perfectly
~Rustle
Is it certain this will happen? No-one has a glass ball, all we have are patterns based on past performance, this is no guarantee. But it does look good.
Let's Watch Bitcoin Dominance Together!Hello, Skyrexians!
You may think that we make analysis on CRYPTOCAP:BTC.D too often, but it's needed because as we pointed out many times we are closed to the global top and it's important to predict when altcoin season starts.
Today we have 12h time frame to look in details at final wave 5 inside global 5. Wave 3 inside this wave is about to be finished at 64.85%. This is not new information. You can check our previous 12h analysis and see it. Today price has reached the target and soon we have to see the reaction and small correction to 0.38 Fibonacci at 63%. During this drop altcoins may show great performance, but after that last shakeout will happen. After that we expect 3-5 months of dominance decrease.
Best regards,
Skyrexio Team
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Bitcoin Dominance Is About To Finish The Growth CycleHello, Skyrexians!
Time to update our main chart CRYPTOCAP:BTC.D and today we will take a look at 4h time frame to make sure that everything is going according our global scenario.
Today we consider wave 3 in 5 into the global 5. It has been almost done with the potential double divergence and ending diagonal at the top. The next wave is higher degree wave 4. It has the target at 0.38 Fibonacci at 63%. From this point we expect final wave 5 to final target at 66%.
Best regards,
Skyrexio Team
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Bitcoin Dominance Is Printing The Last Shakeout Hello, Skyrexians!
Recently we pointed out that CRYPTOCAP:BTC.D is in the last bullish wave which has a target approximately at 66% and the bear market on altcoins is almost over. Today we will look in details on this wave inside and try to predict the most precise scenario.
Let's take a look at 12h time frame. Here we can see the wave 1 and 2 and now price is in wave 3. Fibonacci extension levels 1 and 1.61 is the target for wave 3. Looking at the current wave we can say that it's not over, so it will likely to see 64.7% in this wave before the correction. Correction is going to be subwave 4 which will likely be finished at 63% then we have the last wave which can be equal to wave 1. In this case predicted earlier 66% will be reached at the end of April.
Best regards,
Skyrexio Team
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BTC.D - Still in the ascending channelCRYPTOCAP:BTC.D remains firmly within its long-standing ascending channel. The recent “fake breakout” below the channel has been invalidated as dominance swiftly returned to the channel, showing a strong reaction and confirming the channel’s validity.
This suggests:
✅ Bullish Implication for BTC: Bitcoin is likely to continue gaining dominance in bullish moves, outpacing altcoins in performance.
✅ Bearish Impact on Altcoins: In downturns, altcoins are expected to experience sharper declines compared to Bitcoin.
Traders should monitor this channel as a key indicator for market behavior, especially for Bitcoin and altcoin strategies.
Bitcoin Dominance, We Are Waiting For You!Hello, Skyrexians!
We are changing color according to the new upcoming market cycle phase, hope our forecast will be realized and it's time to be bullish. CRYPTOCAP:BTC.D is about to flash the reversal signal, while altcoins dominance and USDT dominance are already did it, but we don't also forget about disaster targets.
Let's take a look at the daily chart. Earlier we told that this is final wave 5 and now we are trying to catch its top. We mentioned that dominance will enter into 63-66% target area and it did it. Now we have to be focused on the reversal signals. For example Bullish/Bearish Reversal Bar Indicator has already printed the red dot at the top. Moreover Awesome Oscillator started reversing. You can say that this is the top, be our intuition tell us that some small move to the upside will be continued to 65%. Also we need to mention about nightmare wave 5 extended target at 70%, but this scenario is unlikely because it will break the divergence on the daily chart.
Best regards,
Skyrexio Team
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''Altseason 2025''Welcome back dearest reader,
I will probably get alot of backlash from bitcoin maxi's for writing this post, i have read and heard it all by now. I'm not disregarding their opinion on bitcoin and i think it will do well, but not as well as some altcoins which i have monitored.
First the technical part:
~Bitcoin has seemingly formed a double top pattern with now on the weekly a gravestone doji (confirming this sunday). Looking at previous action from 2019 and 2020, these have been topping indicators and indicate a bearish reversal which in turn will be bullish for altcoins.
~ MFI --> massively overbought.
~ Stoch RSI --> nearly at 100! Screaming for a reversal.
Over the past months everyone seemed to think ''this is the top, only to see dominance rise further and alts bleeding''. It is possible that BTC.D doesn't correct immediately, but i do suspect an altseason to be really close.
Sentiment: When everyone... i mean EVERYONE is bearish. ''Alts to zero'', ''bitcoin is the only good coin'', ''Ethereum is dead''. This has historically been the perfect time to buy. And that time is now.
''But, there are over 13 million altcoins now!''
Yes this is true, i don't think all of them are going to do well, stick to the ones available on big exchanges. Those have 400 different ones on average. From those i have covered some allready which i think are going to do well, it's worth your time to look at those ideas.
Any questions?
Ask.
~Rustle
TradeCityPro | BTC.D: Predicting Alt Seasons with Bitcoin Domina👋 Welcome to TradeCity Pro!
In this analysis, I want to discuss an important crypto index that can significantly impact our trading, known as BTC.D. First, I'll provide some explanations for those unfamiliar with this index, and then we'll dive into the analysis.
🤔 What is Bitcoin Dominance?
Bitcoin Dominance is a major indicator in the crypto market. It does not directly represent supply and demand and is not tradable; the chart you see is calculated by TradingView and does not exist physically.
⚡️ This index represents the strength of Bitcoin in the crypto market. It shows the amount of money in Bitcoin divided by the total money in the crypto market.
100x(Bitcoin MarketCap / Total MarketCap) = Bitcoin Dominance
✔️ For example, if the total money in crypto is 1 trillion dollars and 500 billion dollars of that is in Bitcoin, then Bitcoin's dominance would be 50%.
✔️ Or, if the total money in crypto is 1 trillion dollars and 300 billion dollars of that is in Bitcoin, then Bitcoin's dominance would be 30%.
Now that we know what Bitcoin dominance is and how it is calculated, let's see how it can help us in trading and where it can be useful.
🤔 How is Bitcoin Dominance useful?
When we trade, we often encounter situations where both Bitcoin and an altcoin (for example, Ethereum) are triggered simultaneously according to our strategy. There are several ways we can open positions in these situations. Some open positions simultaneously on both, increasing the risk of the trade and doubling the potential loss if the market moves against us. Others may randomly choose between the two positions, which could result in taking a position on Bitcoin and hitting a stop-loss while Ethereum moves towards your target. But how can we determine which one is likely to be more profitable?
🔹 As mentioned, Bitcoin dominance indicates the strength of Bitcoin relative to the rest of the market, and there are three scenarios to consider for its analysis.
📈 In the first scenario, if the market is bullish, Bitcoin dominance can be bullish, bearish, or range-bound. If Bitcoin dominance is bullish, it means more money is entering Bitcoin, so if both Bitcoin and Ethereum are triggered simultaneously, Bitcoin is likely to rise more than Ethereum. If Bitcoin dominance is bearish, less money is entering Bitcoin relative to altcoins, so altcoins like Ethereum are likely to rise more. If Bitcoin dominance is range-bound, we analyze the market candle by candle and pay more attention to short-term momentum, deciding based on the current trend of Bitcoin dominance.
📉 In the second scenario, if the market is bearish, Bitcoin dominance can again be bullish, bearish, or range-bound.
✔️ Before explaining this scenario, let me tell you how it's possible for the market to be bearish while Bitcoin dominance increases even though Bitcoin's price is also falling. As I mentioned, Bitcoin dominance is a ratio and is shown in percentage terms, so if the market is crashing, it might be that Bitcoin is selling less than altcoins. For example, Bitcoin might sell for 10 million dollars and altcoins for 20 million dollars. Even though Bitcoin is being sold and its price is falling, it is being sold less than altcoins, so its dominance increases.
🔹 Now, let's examine the second scenario. If Bitcoin dominance is bullish, less Bitcoin is being sold compared to altcoins, so altcoins like Ethereum will have a greater drop and are better for short positions. If Bitcoin dominance is bearish, Bitcoin is being sold more than altcoins, so a short position on Bitcoin would be more suitable. Lastly, if Bitcoin dominance is range-bound, like in the first scenario, we analyze candle by candle and focus on short-term momentum.
📊 In the third scenario, if the market is range-bound, I first suggest not opening any positions because many strategies do not work well in range-bound markets, and it's better to wait for a breakout of the range's floor or ceiling before opening a position. However, if you do decide to open a position in this phase, short positions fall under the second scenario, and long positions fall under the first.
⭐ So, with Bitcoin dominance, we can optimize the positions we open and choose the best option between Bitcoin and the selected altcoin. If we look at Bitcoin dominance in higher time frames and not just as a confirmation for futures positions in lower time frames, we can identify alt seasons.
🤔 How to identify alt seasons and alt parties with Bitcoin Dominance?
So far, we've seen how dominance in different states and positions can help us in trading. Now, if we analyze Bitcoin dominance over a longer term, we can determine whether the money in the market will move more towards altcoins or Bitcoin in the coming weeks or months.
✔️ For example, if Bitcoin dominance is bullish in the weekly time frame and has a strong upward trend, naturally, more money will enter Bitcoin over time, making Bitcoin a better investment than altcoins. However, if Bitcoin dominance undergoes a correction for a few days or weeks during this bullish trend, altcoins can experience significant growth during that short time frame, which we call an alt party.
💥 On the other hand, if Bitcoin dominance completely changes trend and is bearish for several weeks or months, altcoins will naturally grow much more and will be a better investment option until Bitcoin dominance turns bullish again, which we call an alt season.
🔹 An important note about alt seasons is that Bitcoin's trend during this time must be bullish or range-bound; if Bitcoin is bearish, neither an alt season nor an alt party will occur. So, be sure to first understand the overall market trend using indicators like Total and Total2, and then look for an alt party.
Now that we've examined how this index works, let's move on to a technical analysis of the chart.
📅 Monthly Time Frame
As you can see in the monthly time frame, Bitcoin dominance had a very long range above the 95% area between 2015-2017, which was because the crypto market was still very small at that time, and many investors thought it was a scam. Thus, if anyone wanted to invest in crypto, they only bought Bitcoin.
✨ But in 2017, during Bitcoin's bull run when it reached the 20k ceiling, altcoins also entered the game, and Bitcoin dominance began to fall, spreading the crypto money among other coins. This downward movement continued down to the 40% area, and after it consolidated around this area, Bitcoin dominance started rising again, correcting the severe downturn it had experienced.
🔍 At the start of the next bull run in late 2020, Bitcoin dominance reached its peak and formed a range between 57.13 and 71.04 until the end of the bull run. After Bitcoin's bull run, in the second leg when the price moved towards the 69k area, Bitcoin dominance broke the 57.13 support and moved down to the 40% support, leading to a major alt season.
🎲 In early 2023, coinciding with the start of Bitcoin's bullish trend from the 16k bottom, Bitcoin dominance broke the 47.80 area, which was the ceiling of its box, and its upward movement restarted. Currently, Bitcoin dominance has also broken the 57.13 area and is near 64%. As long as Bitcoin dominance remains bullish, Bitcoin will still be a better buy, and altcoins will not be able to grow significantly.
💥 If Bitcoin dominance finally confirms a trend change and turns bearish, if Bitcoin's trend remains bullish, we will witness another major alt season like in 2021. For now, we confirm the change in trend in Bitcoin dominance on the monthly chart by breaking 57.13, and for a better and more accurate analysis, it's better to move on to the weekly time frame.
📅 Weekly Time Frame
In the weekly time frame, after breaking the 47.46 area, an ascending trend has formed within an ascending channel, and the price has been in this channel for about two years.
🧩 The next resistance for Bitcoin dominance is 65.59, which it is moving towards, and the main ceiling for Bitcoin dominance is 71.04. If the upward trend continues, more money will enter Bitcoin, and altcoins will not be good investment options.
🔽 For a trend change and a bearish turn in Bitcoin dominance, breaking the 60.50 area is suitable, and if Bitcoin dominance records lower highs and lows below this area, we will confirm the trend change. Breaking the channel will also be one of the most important confirmations.
📅 Daily Time Frame
In the daily time frame, we can analyze the price movement with more detail.
💫 Currently, the 62.23 area has been broken, and Bitcoin dominance is performing another bullish leg, having reached the channel ceiling. If the channel ceiling breaks, we can expect a move to the 65.59 area.
📉 For a trend change in this time frame, it's better to wait for the channel to break, but besides the channel, the 62.23 and 60.50 areas are also significant, and breaking them will confirm it.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BTC DOMINANCE is fading - the altcoin wave is coming (3D)This analysis is an update of the analysis you see in the "Related publications" section
First of all, you should know that the time frame is large. the 3-day chart which means altcoins could remain bullish for 1 to 3 months. We should be looking for buy/long positions on altcoins that have strong setups.
We expect a drop from the red zone or even from the current price to complete wave f of this diametric pattern.
Targets have been marked on the chart.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XRP could flip Bitcoin again at the end of this cycle around Sepothers.d is ready to bounce after 5 red monthly candles. Just like December 2016.
while Bitcoin Dominance looks like this under Trump 2.0 trolling the economy on a much grander scale while XRP has already given us a tease of what's to come this cycle reaching a historic new ATH. And tether on the other hand, unstoppable! They are about to print so much money they could at some point flip Ethereum while Ethereum finally goes home.
Imagine if XRP and tether flip Bitcoin together (relax! it wouldn't be the 1st time. XRP did in Jan 2018 if only for a moment)
Looks promising now that Europe offered 0 to 0 tariffs. 1929 scenario could take years since dedollarization takes years to develop. (it's not going to happen overnight.)
Spring is finally here. Buy others like VeChain (the next xrp this cycle)
BTC Dominance is Bullish (4H)On the chart, we have consecutive trigger lines that have been broken, and after the SW L, we see a bullish iCH and higher Ls, which are bullish signals.
However, considering the Bitcoin dominance chart, buying altcoins or taking long positions on altcoins is risky. It is better to look for short setups on altcoins instead.
Targets are marked on the chart.
The closure of a 1-day candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC Dominance Breaks Out Altcoins Set to Bleed, Be CautiousHey everyone, let’s dive into this BTC Dominance chart on the 4H timeframe. As you can see, BTC Dominance has just broken out to the upside from a descending triangle pattern, which is a bullish signal for dominance. Currently sitting at 62.633%, it’s testing a key resistance zone around 62.71% (the recent high). If this level holds as support, we could see BTC Dominance push higher toward the next resistance around 64-65%, a zone that aligns with the upper trendline of the longer-term ascending channel.
What does this mean for altcoins ?
When BTC Dominance rises, it typically signals that Bitcoin is outperforming altcoins, often leading to altcoins bleeding in value relative to BTC. The breakout suggests capital is flowing into Bitcoin, likely due to market uncertainty or a flight to safety within crypto. Altcoins could face downward pressure in the short term, especially if BTC Dominance confirms this breakout with a strong close above 62.71%.
Key Levels to Watch
Support: 62.62% (recent breakout level) – if this fails, we might see a retest of 61.5%.
Resistance: 64-65% – a break above this could accelerate altcoin underperformance.
Invalidation: A drop below 61.5% would negate the bullish setup for BTC Dominance and could signal a potential altcoin rally.
Altcoin Outlook
Altcoins are likely to struggle in the near term as BTC sucks up market liquidity. However, keep an eye on major altcoins like ETH, BNB, or SOL for relative strength – if they hold key support levels despite this dominance move, they might be the first to recover when BTC Dominance cools off.
Final Thoughts
This BTC Dominance breakout is a warning sign for altcoin holders. Consider tightening stops on altcoin positions or hedging with BTC exposure. Also don't forget this is NFP Week as well. Let’s see how this plays out over the next few days – stay nimble and trade safe!
Altseason 2025 is upon us *A different take*Welcome back dearest reader,
I've been covering some altcoins i'm bullish on, and a deeper dive into bitcoin dominance is key for their succes. Well the downfall of the dominance that is.
On the chart:
~The fibonacci extension has shown gradual weakness throughout the cycles starting at the 1.618 then the 1, now the 0.786 is inbound. I expect it to be hit soon topping at around 66% dominance. We can see what happened next ''1''
~MFI is hitting an oversold zone like never seen before on the 3 month ''2''
~Stoch RSI is hitting an oversold zone and is bound to see a cross ''3''
Load up on your favourite alts and enjoy the ride.
~Rustle
BTC Dominance: We Warned You And It's HappeningHello, Skyrexians!
A lot of hating comments we received under our recent CRYPTOCAP:BTC.D analysis. Now we sure that market always go against the crowd. This is the super valuable experience and we want to say thanks to all haters. Now let's update this idea, try to understand the structure on the wave 5 drilling into lower time frame.
Let's take a look at 12h time frame. We can see that after the spike in the wave 3 price retraced with the ABC zigzag and started the new wave 5. Waves 1 and 2 inside this wave have been finished. Wave 2 reached exactly 0.61. Now we can measure wave 3 target. 1 and 1.61 are the potential target. The most realistic one is 64.7%. Then we expect the wave 4 and the last leg up into subwave 5. Always look at the divergence on the Awesome Oscillator to measure the trend end.
Best regards,
Skyrexio Team
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CHZ/BTC about to score a goal?Welcome back dearest reader,
If you have been following me you're quite aware i'm very bullish on this project. Fundamentals aside the charts look amazing. And CHZ/BTC is no exception to this!
Deeper dive:
~Trendlines --> As you can see at trendline ''1'' chz has found support going way back to 2021, you can see what happened next. The bars pattern from 2021 has been copied and shows a strong impulsive move going into june. Trendline ''2'' just shows the downtrend we've been in in relation to BTC, i don't expect this to fall below legacy support ''1''.
~MFI --> The Money Flow Index (MFI) is a technical indicator used in financial analysis to measure the strength and momentum of money flowing in and out of a security, typically on a scale from 0 to 100. It combines price and volume data to help traders identify overbought or oversold conditions, often signaling potential reversals in the market. As we can see it's massively oversold and yearning for a reversal ''3''.
~Stochastic RSI --> The Stochastic RSI (Stoch RSI) is a momentum oscillator that combines the Stochastic indicator and the Relative Strength Index (RSI) to measure the RSI's position relative to its recent high-low range. It ranges from 0 to 1 (or 0 to 100 when scaled), helping traders spot overbought or oversold conditions and potential trend shifts with greater sensitivity than the RSI alone. For CHZ also in a massive oversold condition ''4''.
Summary:
~Trend has bottomed and could provide a strong move for CHZ
~MFI and stoch RSI are massively oversold.
Note: This is the CHZ versus BTC chart, this means that even if BTC trades sideways or bottoms CHZ could do well. This would coincide with BTC.D dropping.
Any questions? Ask.
~Rustle
Mid-February, Btc.d peaks and the altcoin rally may start.Trust fibonacci.
It is clear from Fibonacci extensions that we are close to the peaks in Bitcoin dominance.
Fibonacci circles also give us ideas of both resistances and time periods.
In my opinion, Bitcoin dominance will peak in mid-February and the altcoin bullrun may begin. Bitcoin dominance will bottom at the end of May 2026.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.