BTC Dominance at Critical Level – Altcoin Rally Incoming?🚀 Hey Traders! 👋
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BTC Dominance Update:
We’re seeing a rising wedge formation on the daily timeframe—a classic bearish pattern. Right now, BTC.D is testing resistance, and if it rejects here, we could see an explosive Altcoin rally! 🚀
📉 Breakdown = Altseason incoming!
🚨 Invalidation: A break and close above 62.5 would cancel this setup.
What do you think about this? Let me know in the comment section.
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Bitcoindominance
66% Is About To Cancelled For Bitcoin DominanceHello, everyone!
Earlier we made analysis on CRYPTOCAP:BTC.D where pointed out that it can reach 66% before altseason or reverse from 62.5%. Now it looks like we can see the second scenario because momentum is almost gone and we are about to see the second confirmation of trend change.
Let's take a look at the weekly chart. Like the previous time we still have active red dot signal on Bullish/Bearish Reversal Bar Indicator . We have the great angulation with the alligator. This time we also have the double divergence with Awesome Oscillator which has been almost confirmed. We wanna see the three red columns in a row and this reversal is going to be strongly confirmed. The minimum target is 0.5-0.61 Fibonacci zone, but in case of true altcoin season we can see the new all time low.
Best regards,
Skyrexio Team
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Potential Path of the Altcoin Market?Trading Family,
To say that our altcoin market has been disappointing would be the understatement of the year. While there definitely have been some winners (I have held Solana through the $8 low), the majority have been a large disappointment. In fact, the last I read, only 42 altcoins have outperformed Bitcoin since the bear market bottom was put in. This is an incredible stat to think about and very telling. Altcoin traders have a difficult task in beating the BTC hodl'ers for sure.
However, recently there have been some hidden indications that our altcoin market will soon increase our odds of success.
First of all, Bitcoin's low fees. Low fees on the Bitcoin blockchain is often a hidden health indicator for the coin signaling weak demand. People often see low fees as a positive thing. But what's actually happening here is that there is low demand for transacting on the chain, therefore, in order to increase the demand, transaction fees are forced down.
Weaker demand does seem to correlate with what the BTC dominance chart is showing us.
You can see from the chart that we have a large sell side liquidity block that has formed, indicating large sell side volume in dominance. Additionally, my indicator has flashed a red dot, signaling that it is time for dominance to drop. We also have our RSI and Macd, crossing down. And if we break from that channel, dominance drop momentum should accelerate.
This brings me to our TOTAL3 chart which is all altcoins excluding Ethereum. The chart is showing us that we have reached an extremely critical support trendline. Price is currently bouncing from it. Additionally, there are large volumes of buyers at this point. You can observe this by the VRVP candles and the liquidity blocks indicator. But contrary to BTC.D in which the RSI and Macd were crossing down, TOTAL3 shows our RSI and Macd crossing up! This is bullish for alts.
Finally, it is a great sign to see that our "M" pattern has looked to have completed right at our point of support.
I have drawn a projected pathway from here. In the first part of our next week, we may see a bit more pump. News of the passing continuing resolution here in the U.S. is still trickling out. Monday, as stock traders jump back in, I would imagine we see more pump as traders feel good about the averted gov't shutdown. This may trickle into Tuesday. But then Wed. is the Fed's day. We are expecting further pause to interest rate. Everyone will be listening to the Fed speak and parsing every syllable that is uttered from J. Pow's tongue. What is says and the bias that is interpreted will be key. I am expecting mostly a non-event here. Which means that bullish bias may wane once again. Crypto, mostly altcoins, really only pump on good news. But negative and even neutral news is a sell to sideways event. Thus, I expect we may hit another local top around Wed. afternoon at which point the altcoin market starts to sell a bit again OR it simply continues sideways again for a few more weeks. Sooner or later though, I believe we are headed towards that 1.3 trillion resistance. It is worthwhile considering to stay in a holding pattern unless we drop below our all-important support. Watch this line closely and draw it on your charts. It will be key!
✌️Stew
Bitcoin Dominance Says That Bear Market Is Almost Over For Alts!Hello, Skyrexians!
We hope you enjoy our yesterday Bitcoin analysis which is now playing out. Daily candle closed great, but this reversal is still unconfirmed. So, we are still in danger. Today we will take a look at the CRYPTOCAP:BTC.D again, this chart is annoying, but is finally approaching its reversal point.
Let's take a look at the weekly time frame. Here we can see the 3 red dots on the Bullish/Bearish Reversal Bar Indicator . Now we will try to learn now to ignore the false signals. The first dot formed on the very weak bar with no angulation with Alligator. We can's use this. The next bar was great, but it was just the wave 3. The best signal is the last one. We have angulation, bearish divergence with AO and the potential wave 5. This reversal has been confirmed.
Expect the reversal from the current percent because price is inside the Fibonacci 0.61, or in the worst case earlier mentioned 66%. This is going to be wave 5 in 5.
Best regards,
Skyrexio Team
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Bitcoin Dominance Moving Lower (Altcoins—Bitcoin Moving Higher)Bitcoin Dominance going lower means that the Altcoins will be rising. The Altcoins rising means that Bitcoin is bullish and ready to grow.
Good afternoon my fellow Cryptocurrency trader, thanks a lot for your continued support.
I was wondering, does the Bitcoin Dominance index chart supports a bullish Bitcoin? This index is bearish and set to move lower.
Before we go any further, Bitcoin Dominance index was bearish between November and December 2024, at the time when Bitcoin produce a major advance from $80,000 toward $110,000. Which means that a bearish BTC.D chart can support a Bitcoin rise.
The session 3-Feb long upper-shadow is a classic top signal. The top implies that lower prices follow. This is also a rejection. Current price action is happening below the November 2024 peak reading.
All in all, Bitcoin Dominance is bearish. This index being bearish supports a bullish wave, a strong advance, developing across the Cryptocurrency market space.
When BTC.D went bearish last year, the entire market grew between 300% and 600%. This time, the growth phase will be much bigger and extended. The 2025 bull-market.
BTC.D supports higher prices based on this analysis and my interpretation of the signals.
Thanks a lot for your continued support.
If you disagree, comment and follow.
If you agree, leave a comment and a follow to show your support.
Namaste.
66% Is Actual Again For Bitcoin Dominance Hello, Skyrexians!
Sad news, pump on Sunday was a huge fake. If you remember our last CRYPTOCAP:BTC.D analysis we pointed out that if we will see 60% breakdown there is. great chance to see altseason right now. But Dominance started to grow again and finally we have no doubts that shakeout will happen.
Let's take a look at the daily time frame. Here we can see the clearest Elliott waves structure. Wave 3 has the max AO as usual, and wave 4 was a flat correction which found support at 0.5 Fibonacci. Now we can see that final wave 5 to the 66% target. Don't pay attention to the red dots on Bullish/Bearish Reversal Bar Indicator , they are not important inside the range and can be counted a signal only at the potential end of wave 5 in conjunction with the divergence.
Best regards,
Skyrexio Team
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BTC Update (12H)This analysis is an update of the analysis you see in the "Related publications" section
As you know, the market is trendless and stuck in dumps and pumps, which has made traders frustrated. At this time, we need to follow the indicators and be a bit patient.
Based on the previous analysis, it seems that Bitcoin dominance is heading downward.
Despite Bitcoin’s weak upward movement, some altcoins may have a good upward move in the coming days.
We hope this move happens and this indicator drops. Let's see what happens.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
I Think March Is Gonna Be a GOOD Month📆🔥 I Think March Is Gonna Be a Good Month! 🚀💡
Bitcoin Dominance and the Altseason Setup
🚀 BTC Dominance Update: Bitcoin's dominance currently sits at 61.63%, and we're seeing some interesting developments in the market!
🔹 Back in the Channel – BTC dominance has climbed back into the ascending channel, a sign that it could continue its upward momentum. However, a drop to 58% or lower would be great for altcoins.
🔹 Major Rejection at 64.5% – The recent wick to 64.5% was a clear rejection, which could indicate that BTC dominance may struggle to push higher in the short term. Historically, these sharp rejections have led to potential shifts in market dynamics.
🔹 Will BTC Dominance Hit 71-73%? – Some analysts expect BTC dominance to test the 71-73% resistance, a historical inflection point that has previously led to strong altseasons. While such a scenario could put pressure on altcoins, the market has evolved, and alts have a much larger share than before.
📉 If BTC dominance fails to break higher and starts reversing, we could see a significant rotation into altcoins. Keep an eye on this trend as it unfolds!
🔥 March could be a pivotal month, and patience might just pay off! If you’re interested in deeper insights, check out my Bitcoin Broken Cycle / Delayed Cycle video from today.
💬 Drop your thoughts below! Will BTC dominance climb higher, or are we on the verge of an altcoin breakout?
One Love,
The FXPROFESSOR 💙
PS. I came across an interesting chart on Twitter and wanted to share the insights with you. I have no intention of advertising anyone, nor do I use others' charts without credit—I always create my own analysis. After all, all good legends create and post on Tradingview📊🔍
If This Happens For BTC Dominance, Shakeout Is CancelledHello, Skyrexians!
As you remember we have the previous analysis on CRYPTOCAP:BTC.D where we pointed out the target at 66% and the shakeout. But we were sure that it will happen in the upcoming week, but Dominance retraced again below 61% and current wave doesn't look like the wave 5. This move increased probability of more positive scenario for altcoins.
Let's take a look at 12h time frame. We can see that candles were able only to touch the 62.5% and then retested the recent low. It gives us an idea that the probability that this is wave 5 decreased. Here we have two scenarios. The first one is that we are in wave 4, which is more complicated that we supposed and candles will finally reach 66%.
But the second scenario now has even more than 50% probability. This pump could be already shortened wave 5. Unfortunately, Bullish/Bearish Reversal Bar Indicator can't catch such waves, but Awesome Oscillator tells us that wave 4 has been finished and we can see the divergence, which could already happened if dominance touch 66%. Now AO is reversing and this is the sign that this impulse to the upside will not continue. The clear breakdown of 60% will confirm this idea.
Best regards,
Skyrexio Team
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WARNING! Big Altcoins Shakeout Is Starting Right NowHello, Skyrexians!
If you remember, we warned you just before the February 3 crash. Now we can see almost the same situation on the market looking at CRYPTOCAP:BTC.D . This chart can predict all crushes.
On the 12 hours time frame we can see enough candles to analyze the current 5 Elliott waves impulse. If you remember dominance currently is in final global wave 5 and you can see it that it's almost over looking at the Bullish/Bearish Reversal Bar Indicator at the weekly time frame. Now we are looking inside this wave.
Look how perfectly wave 2 retraced to 0.61 Fibonacci of the wave 1. Then Wave 3 has been finished inside the target area as well. Wave 4 retraced to 0.38-0.5 Fibonacci area. At the same time the Awesome Oscillator showed us the bearish turn. It means wave 4 has been finished and now Dominance is preparing for the leg up in wave 5. The target is 66%, but the max pain target is 69%. This is unlikely but keep in mind.
Best regards,
Skyrexio Team
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BTC DOMINANCE roadmap (W)After the sharp drop that Dominance had, we had a bullish iCH at the bottom of the chart, after which Dominance is filling this IFC move by hitting higher Ls.
Upon reaching the resistance range, we expect drop candles
The targets are marked on the chart
Closing a daily candle above the invalidation level will violate this analysis
Comment if you have any questions
thank you
BTC 2021 Bull Run repeat? Start of Alt Coin Season!Hello Folks,
Just wanted to do a quick update on a possible plan for BTC over the next few weeks. This is based on a Wyckoff Distribution Schematic we had all the way back in 2020. Ironically when China entered big new into the crypto market in which they are currently doing as of now.
The chart is kind of messy but, I wanted to publish the gist of it. I used the bars pattern tool which we have been following for the past 6-8 weeks. Grabbing price action from the first top we made in 2021 and placing it over the current price action in which it seems to be following nicely. We will likely either follow the Green arrow Path or the White Arrow Path for the long and then you can follow the Short Position tool for the short. This is not yet fully confirmed but, the volume and the manipulation during these times show me that the Schematic is likely going to play out.
It is important to mention that the green line you see is a parabola trend support line that BTC has been holding this whole run. So it is possible that we hold it on this drop if it in fact comes. The second important thing to note is that we have a gap on CME:BTC1! between $77,975 and $80,775 as you can see on the chart below.
In conclusion yes, it is very possible that we have a decent discount coming up. IMO this is truly that, a discount. I do believe some alt coins may run up a ways while BTC has this short term long and if it comes to fruition and BTC then trades sideways for a week or two and we see the CRYPTOCAP:BTC.D start loosing traction from the possible ascending channel it has been jumping in and out of the past few weeks.... also indicating some manipulation. This can be seen on the chart linked below. Lastly, the most important thing to notice is the down sloping resistance trend line on the Bitcoin Dominance chart that looks to be what I would say after my 8 years in crypto and trading daily, the beginning of alt coin season!!! Keep in mind, history doesn't always repeat itself but, it often rhymes!
I hope you enjoyed this update and look forward to all of you who follow our trades to be looking out for all of the Alt coins that have bottomed out and look to be ready to run over the next few weeks that we will be posting! DONT FORGET TO FOLLOW and leave a comment with your opinion or any questions about our trades.
Stay Humble & Profitable my friends,
Savvy!
Here is a link to a publication that will help you understand more about the Wyckoff Distribution Schematic I am referring to in 2021. This trader did a great job on charting it as well as explaining it in his publication. Don't forget to show him some love!
TradeCityPro | Bitcoin Daily Analysis #9👋 Welcome to TradeCityPro!
Let's dive into today's Bitcoin and key crypto indices analysis. We'll review today's triggers for the New York session.
⏳ 1-Hour Timeframe
Hourly Time Frame The triggers I provided yesterday remain unchanged and none have been activated yet. I've slightly modified the long trigger, but the short trigger remains the same as yesterday. Let's review these triggers.
🔽 For short positions, the 95108 area is still excellent and a very strong zone. The candle from three hours ago reacted well to this area, so if it breaks, I personally will attempt to open a short position targeting the bottom of the Expanding Triangle or 92702. The market volume, as you see, is decreasing, which doesn't strongly signify trend strength.
📊 As you know, during the initial drop when the price approached the 95108 area, there was an upward volume, but currently, as the price is falling, the volume is decreasing, indicating a weakness in sellers' strength and potentially the trend. However, I will still open a position if 95108 breaks, and if the declining volume persists, I'll reduce the risk of the position and enter with less capital.
⚡️ For long positions, we have a new trigger at 96849, which reacted very well yesterday with a large engulfing candle that engulfed all of the previous day's candles, injecting significant momentum into the market. Therefore, open a very risky long position if 96849 breaks.
👀 Keep in mind, the main long position will be after the Expanding Triangle breaks, and one of the triggers 97816 or 98482, with the first being riskier and the second more secure.
📅 BTC.D Analysis
BTC Dominance Analysis Let's move to the analysis of Bitcoin dominance. In yesterday's analysis, I mentioned that if dominance could stabilize above the 60.95 area, it could ascend and move higher. This has occurred, and in addition to breaking 60.95, the 61.10 area has also been breached, and currently, it seems dominance is pulling back to this area.
✨ As you can see, before this, the 60.48 area, which confirmed the dominance's downward trend, was also active, but it couldn't stabilize the price below this area, and with an engulfing candle, it moved back up, initiating this upward move.
💥 Currently, the next resistance for Bitcoin dominance is at 61.49, and we need to see if the price reaches this area and how it reacts.
📅 Total2 Analysis
Total2 Analysis As you can see in the Total2, we have a very long-term range box from 1.16 to 1.28.
✅ Yesterday's triggers for Total2 were activated, and both 1.24 and 1.23 were broken, which, with the increase in Bitcoin dominance, means that altcoins have provided more profit in short positions compared to Bitcoin.
🔑 Currently, the next trigger for Total2 is 1.19, and we need to see if it can break this support. For long positions, we don't have a specific trigger yet and must wait for the price to form a new structure to see which area it reacts to. Until then, the main short long trigger will remain at 1.28.
📅 USDT.D Analysis
USDT Dominance Analysis As observed in the Tether dominance chart, I mentioned yesterday that if the descending trendline is broken, we can expect an increase in Bitcoin Tether dominance up to a ceiling of 4.62, which has occurred.
🛎 If the 4.62 area breaks, the next target will be the 4.75 area, a significant ceiling in Tether dominance. Conversely, if dominance is rejected from this area and moves downward, the 4.48 area will still be a suitable trigger for a downward trend in Bitcoin dominance, with the main support for Tether dominance at 4.40.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Bitcoin Dominance Analysis Channel Rejection and Its Impact Bitcoin Dominance is currently trading within a well-defined downward channel, indicating a consistent decline over time. Recently, dominance attempted to break below the channel but failed, resulting in a re-entry back into the channel. This failed breakdown suggests that the bearish momentum is weakening, at least temporarily.
A declining Bitcoin dominance typically signals a potential bullish phase for altcoins, as market capital moves away from Bitcoin into alternative cryptocurrencies. However, in this scenario, the downward movement is relatively slow, confined within the channel, which explains the lack of a strong recovery in the altcoin market.
For a more significant altcoin rally, we need to see a clear breakdown of this channel, accompanied by a sharper decline in dominance. A rapid drop would likely trigger stronger buying activity in altcoins, providing better opportunities for traders.
It's crucial to monitor Bitcoin dominance closely, as its next move will provide key insights into potential market shifts. Stay alert and adjust your trading strategy accordingly.
If you find these market insights helpful and want to stay updated with more trade setups and detailed analysis and join my community,feel free to ping me.
BTC Dominance Drops: Is the Alt Season About to Begin?Hello, Traders!
After its recent rise to 64%, BTC.D started to decline slowly and currently dropped below 61%.
In order to resume alt season, BTC.D needs to drop at least below 57% and hold below that mark for a prolonged period of time.
Ideally, it should break below 54% to make a lower low and confirm a sustained downward trend.
Historically, when BTC.D enters a clear downtrend, liquidity flows into altcoins, leading to significant rallies across the board.
I don’t think that even if the alt season really takes off, we will see BTC.D much below 48%—perhaps 45%, but not lower.
At that level, the market typically starts rotating back into BTC, capping further dominance declines.
However, if BTC stagnates while liquidity continues flowing into alts, a deeper drop isn’t entirely out of the question.
One of the potential catalysts for a BTC.D decline and the start of the alt season is Ethereum’s upcoming Pectra upgrade.
Historically, ETH has shown strong performance ahead of major network upgrades, often doubling in price in anticipation.
If history repeats itself, we could see increased demand for ETH, driving capital into the broader altcoin market.
The Pectra upgrade is scheduled for April 8, meaning we might see altcoins gaining momentum in the next couple of weeks.
If BTC remains stable and ETH starts outpacing it, this could create the perfect conditions for the much-anticipated alt season.
Keep an eye on ETH/BTC as well—it could serve as an early indicator of the shift. 🚀
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TradeCityPro | Bitcoin Daily Analysis #5👋 Welcome to TradeCityPro!
Let's dive into today's analysis of Bitcoin. Since yesterday, there haven't been significant changes in the market, and none of our triggers were activated. However, let's explore the upcoming scenarios and identify any new triggers.
⏳ Hourly Time Frame
1-Hour Timeframe As you can see, Bitcoin is currently forming an expanding triangle, which typically doesn't respect resistances or supports very well, making it tricky to take long-term positions while the price remains within this pattern.
🔼 For a long position, the trigger remains above 98,482. Keep an eye out for this break because, as you can see, the trading volume has decreased, suggesting that a sharp price movement is likely imminent. Financial markets exist for speculation, not stagnation, so a decrease in volume usually precedes a significant price move—either upwards or downwards.
📊 Should this long trigger activate, it would be safe to hold a position expecting the price might retest the resistance at 106,000, giving us comfort in pursuing other potential coin positions.
📉 The short position has a significant level at 95,108, now more critical than the 92,702 level. If broken, Bitcoin could start its next bearish leg, with the first target at 92,702 and, upon breaking this, potentially moving towards the lower ranges around 80,000 to 82,000.
🔑 Today, I'm not focusing on the RSI due to the market's range-bound state, making it unreliable for confirming momentum. Thus, I've excluded RSI from both today's and yesterday's analyses.
👑 BTC.D Analysis
BTC.D Analysis As predicted, the dominance fell, confirming yesterday's analysis. After retesting the 61.10 level and following the trendline curve, the next leg down began, targeting the 59.84 area. This movement will help us understand the upcoming market direction based on how the dominance behaves at this level.
👀 If it proves to be a fake-out and the dominance breaks the curve again, retaking the 61.10 trigger, we might see a resurgence in Bitcoin's dominance, suggesting a bullish scenario is less likely.
📅 Total2 Analysis
Total2 Analysis As observed, the Total2 level that was previously active at 1.24 is currently retesting this area. It hasn't fully stabilized above this level, so let's wait for confirmation that this resistance has been broken. If so, we can expect a move towards at least 1.28.
✅ This break of 1.24 was an initial scalp trigger, with the main long-term trigger at 1.28. If breached, it could validate a bullish long-term position on altcoins, given the concurrent fall in Bitcoin's dominance, suggesting a preferable situation for altcoins compared to Bitcoin.
📉 In the event of market downturns, Bitcoin positions are generally more favorable if Bitcoin's dominance continues to fall. However, if considering short positions on altcoins, wait for Total2 to potentially fake this breakout and, if it reverses, enter upon breaking the 1.19 level. If you're a risk-taker, you could initiate earlier at the break of 1.19.
📅 USDT.D Analysis
USDT.D Analysis In the USDT.D index, nothing significant has changed, and for market long confirmations, the 4.44 break remains crucial. Conversely, for short positions during a market downturn, a break of 4.62 would confirm an increase in Tether's dominance.
⚡️ Note that the 4.44 trigger is risky, and a break of 4.24 is the principal confirmation of a trend change in USDT.D.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Bitcoin Dominance (BTC.D) – Current Market OverviewRecent Trend:
Bitcoin Dominance (BTC.D) has been in a steady uptrend for the past two years, reflecting Bitcoin’s outperformance relative to altcoins. The rise in BTC.D indicates that Bitcoin has been capturing a larger share of the overall cryptocurrency market compared to altcoins.
Bearish Divergence:
The weekly chart now shows a bearish divergence, as the Relative Strength Index (RSI) has failed to confirm the recent upside move. This signals that the buying momentum behind BTC.D is weakening, even though the price has been pushing higher. A divergence of this nature can often suggest a reversal or slowdown in the current trend.
Resistance Levels:
There is significant overhead resistance between the 66% and 73% levels, which were last tested during the 2021 bull run. During that time, BTC.D faced rejection in this range, leading to a shift of capital into altcoins.
A rejection at this resistance could lead to a shift in market dynamics, with altcoins seeing increased demand and potentially entering a rally.
Potential Catalysts for an Altcoin Rally:
If BTC.D faces rejection at these key resistance levels, it could signal the start of an altcoin rally, as market capital may flow out of Bitcoin and into altcoins. Traders will closely monitor this resistance zone as a potential catalyst for a shift in market sentiment.
Outlook:
The bearish divergence on the RSI and the presence of strong resistance between 66% and 73% suggests that Bitcoin dominance might be at a turning point. A rejection in this zone would open up the possibility for altcoins to outperform Bitcoin in the near term.
Conclusion:
Bitcoin dominance remains in an uptrend, but the bearish divergence and resistance between 66% and 73% on the BTC.D chart suggest that altcoins could gain momentum if BTC.D faces rejection at this level. Traders should closely monitor this zone, as a reversal in Bitcoin’s dominance could signal the start of a broader altcoin market rally.
BITCOON DOMINANCE at a decision point (12H)Bitcoin dominance has reached a key resistance level at the top and is currently in a critical zone. If it gets rejected from the red box, we could see a green market this month.
Let's see what happens!
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC Dominance is bearish (4H)Bitcoin dominance has hit a very strong supply zone, and we should not forget this.
From this point or after touching the supply, it may move toward the specified TP levels.
Since a large number of sell orders have been accumulated, we expect a deeper drop.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin Dominance and DXY pattern correlation!Is the bitcoin dominance correlated to the DXY?
So far... I think so. Chart pattern wise anyway.
So, according to the DXY, if the Dominance follows this pattern we should be in the biggest altseason to date. But it could be the last one for a while as there could be a 90% to 95% flush out of alts coming.
This would crush all altcoin belief and get rid of all the shit coins. Lets be honest at this point it's needed to flush out all this garbage, it's too much.
Then knew cycle would start over and follow with a massive altseason bigger than anything ever. Don't get excited just yet, it not happen until 2033 or later.
Also according to this chart, dominace can go a bit higher to 72% before it starts to fall. lets see
That's all I have here, I just wanted to put it out here. If you want more analysis on this I have put out a comprehensive video on my tictik and youtube page.
Remember, this is not financial advice.
Kind regards,
Demetrios
The Exact Target When Altseason Will Be Started Revealed!Hello, Skyrexians!
Recently we have already made analysis on CRYPTOCAP:BTC.D where pointed out that this Bitcoin season finally is about to end. Today we share with you our precise analysis of last dominance growth to understand when there is going to be the final reversal.
Let's take a look at 12 hours time frame. Here we can see that Elliott waves structure. It has pumped to the wave 3 target at 1.61 Fibonacci and then retraced in the wave 4. We expect consolidation between 61% and 62% for some time before the final growth in the wave 5. This wave will be finished approximately at 65%. The red dot on the Bullish/Bearish Reversal Bar Indicator and the bearish divergence with Awesome Oscillator are going to be the reversal confirmation factors.
Best regards,
Skyrexio Team
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Bitcoin Dominance: Elliott Wave and Harmonics Combo (Part 2)MARKETSCOM:BITCOIN Dominance ( #BTC.D / CRYPTOCAP:BTC.D ) indeed started the rise I predicted back in late '22. CRYPTOCAP:BTC rose to the limits, exceeding the 100K Mark.
In #ElliottWave, this is Cycle Wave C (turquoise).
Primary Wave ① (white) completed, with the Corrective Primary Wave ②now in play.
The Correction will pave the way for Alt Season to commence, so the focus will shift to Alt Coins.
#Harmonics are showing #Cypher Patterns, a combo actually, on different degrees.
Bitcoin Dominance ( BTC.D ) Technical Analysis:
* Elliott Wave Impulse: Cycle C (turquoise)
* Harmonic Patterns: Bullish Cyphers
* 88.6% Fibonacci Retracement
* Break-Out with Divergence
* Leading Diagonal in Primary Wave ① (white)
Conclusion:
After a last rise, expecting MARKETSCOM:BITCOIN to top-out and start a Larger Correction.
Alt Season to start and deliver, based on #BTC losing ground.
After this, CRYPTOCAP:BTC to continue ruling, as the one and only #Cryptocurrency.