Skyrexio | Historical Moment - Retail Altcoins Capitulation!Hello, Skyrexians!
Hope your deposits are alive. We warned you yesterday that Altcoins Dominance is weak and today it dropped significantly. Most of traders have average deposit drawdown -50-70% and this is capitulation dump. If price will bounce now they will definitely sell. This is psychology of weak hands, it's useless to argue with this. I (Ivan) personally bought all last 3 days altcoins with extra 40% of USDT which I have after last purchases in August 2024. Now I have 30% of stables. I am ready to be out of position for these money, but if I will be lucky the bottom is going to be catched.
Let's go to analysis. Weekly CRYPTOCAP:BTC.D time frame is showing that this week can be closed with the third red dow on Bullish/Bearish Reversal Bar Indicator . If this will happen we will finally see altseason. I wanna show you beauty of Elliott Waves. You can see that wave 3 reached the 1.61 Fibonacci level. Then wave 4 reached 0.5 retracement. It gives us extra confidence.
Final target of wave 5 could be already reached inside the 63-67% green box. Here we need to see the lower time frame to get the precise target.
Best regards,
Skyrexio Team
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Bitcoindominance
Update the scenario for BTC.Dom - When might Altseason actually?Currently, BTC.Dom CRYPTOCAP:BTC.D is following the second scenario I mentioned in my previous post. This is the only scenario I can think of right now.
According to this scenario, I predict that from now until Trump's inauguration, it will remain quite challenging for Altcoins.
To determine whether Altseason will occur, it’s best to wait until the beginning of February to make an informed decision about deploying capital.
The image below shows instances of the M-pattern , where the second peak is higher than the first, followed by significant **Altcoin growth** in previous seasons.
If this second scenario doesn’t play out, my concern is that BTC.Dom could return to the 70 region. In that case, Altcoins would be completely crushed, and I truly hope this worst-case scenario doesn’t happen. :(
The moment of truth for ALT SEASONBitcoin Dominance is nearing a very crucial level here at 63-64% and honestly i hope we see a rejection here and the decent starts as that could be the kickoff for alt szn.
As long as BTC.D is seeing upside momentum we'll see alts continuing to bleed which will create an EXTREME amount of fear within the bull market but perhaps thats exactly what we need before actually exploding to the upside?
I'm bidding heavily here as i think that many alts are heavily oversold and a reversal/alt szn is right in front of us but a lot will depend on the behavior of Bitcoin Dominance.
Bearish in BTC.D below 58% which imo could cause a lot more downside momentum aka an alt szn but for now the most crucial thing remains to reject 63-64% aka the golden ratio zone on higher timeframes.
Stay safe.
Nothing is financial advice.
Double Bottom Pattern: Bitcoin Total Domination Last week my post on Bitcoin dominance played out faster than it was expected.
(see related)
This indicator broke out into 60-70% area.
So, I switched to a weekly time frame and spotted a classic reversal pattern called "Double Bottom" in the making for you.
Let's break it down.
We have two bottoms highlighted with yellow arcs in the same area.
Indicator eyes the middle top between bottoms, it is called "Neckline"
Now, let's breakdown buying technique:
1) buy entry is at the breakout above Neckline (green dashed line)
2) stop loss is at the valley of the right bottom (red dashed line)
3) target is located at the depth of the right bottom from the Neckline.
in our case it can't be higher than 100% and is set at the maximum (blue dashed line)
Its amazing that technical analysis could predict things that out of our scope as yet.
BTC.D New Update (3D)First of all, pay attention to the timeframe; it’s a daily timeframe, and this analysis is time-consuming.
The subwaves of this index are numerous, even in higher timeframes, which results in multiple technical analysis scenarios. However, we always identify the most probable scenario.
Given the lack of a drop in Bitcoin dominance over the past weeks, despite losing the trendline, it can be inferred that the wave structure of this index is likely not yet complete.
From the bottom, we believe there is a double combination pattern, with both combinations appearing to be diametrics.
It seems that the primary peak of Bitcoin dominance will be within this red zone.
The waves have been marked on the chart.
Overall, it appears that this index intends to hunt a specific area before dropping. 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
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.
Bitcoin Dominance Bearish BTC.D + ALTSEASONBack in 2017 and 2020 i've posted a BTC.D Bearish Chart.
That Was a long-term view and still playing well till now.
You can find my Old Prediction
Both times we wend on BTC From 20000 to 3000 and From 65000 to 16000, but it's not about Bitcoin Bearish Scenario, but About ALTSEASONs.
Both times it were best seasons ever as BTC.Dominance went down
That Chart Is it and still valid until 2035 together with my Bitcoin longterm view TA on TradingView.
Wish you a good luck and hope you'll be happy with that TA. Enjoy.
Skyrexio | Bitcoin Dominance: Altseason Is About to Be CancelledHello, Skyrexians!
We know how you wait for the altseason, but market is about to make the new shakeout! The CRYPTOCAP:BTC.D drop in November 2024 gives us the belief that all altcoin holders will be rich, but it has started to go up again with slow altcoins bleeding. Now we have the last chance to be saved. If now, say hello to new lows for altcoins.
Let's take a look at the daily chart. Dominance dropped after printing the Bullish/Bearish Reversal Bar Indicator . We still count this wave as the wave 1. The wave 2 in our opinion is happening now. This wave has the ABC shape which has the chance to be finished now inside the Fibonacci 0.618 target area. Moreover we can see red dot on the indicator. Next week will be decisive for crypto market. If dominance will decrease from here we will see the altseason soon.
Best regards,
Skyrexio Team
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Are you waiting for Altcoins to pump?BTC Dominance (BTC.D) hasn't dropped yet, and many of you might be losing patience. But as I see it, we won't see the bull run we're hoping for unless BTC.D falls below 57%. The big question is: how long can it hold at this level?
My advice: wait until it drops closer to 49%. Keep an eye on whether it breaks through this resistance. If it doesn't, expect BTC.D to find support at this level and continue its dominance.
I’ll share one more chart that’s crucial for the upcoming bull run, so make sure to follow me for the updates!
Bitcoin UP x Bitcoin Dominance Down = ALTSEASONCRYPTOCAP:BTC 📈 CRYPTOCAP:BTC.D 📉 = Altseason
✅While bitcoin dominance continues to decrease in February 2017, meanwhile, bitcoin continues to rise and #Altcoin season is experienced for 11 months.
✅While bitcoin dominance continues to decrease in January 2021, meanwhile, bitcoin continues to rise and #Altcoins season is experienced for 11 months.
✅Bitcoin dominance is declining in January 2025 and meanwhile bitcoin continues to rise so we are likely to witness the #Alts season over the next 11 months
BTC Dominance UPDATE (12H)This analysis is an update of the analysis you see in the "Related publications" section
Market makers always do things to prevent retail traders from identifying the next direction. The support from the previous analysis has been engulfed, but this bounce is for order accumulation.
Based on the data available for this index, it seems we have a triangle instead of a diagonal wave B. The red zone is where candles could be rejected to the downside, and altcoins may perform better compared to Bitcoin.
A daily candle closing above the invalidation level would completely negate this outlook.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ALTSEASON There is nothing more bullish than Altcoins right now.Simple charting is always the best.
The BTC Dominance just got rejected and once it crosses under the 1week MA50, it will confirm the start of the new altseason.
This is a pattern that we see every 4 years. The previous rejection and altseason took place in January 2021 and the one before in January 2017.
On top of that, the 1W RSI is getting rejected on its 10 year Resistance trendline.
This is the last call to invest in altcoins.
Follow us, like the idea and leave a comment below!!
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!
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.
BTC.D Breakdown the Next Altcoin Bull Run Closer Than You Think?Bitcoin dominance (BTC.D) is a crucial metric that reflects Bitcoin's market share relative to the overall cryptocurrency market. A rising dominance often signifies Bitcoin outperforming altcoins, while a declining dominance suggests increased strength in altcoins or a broader altcoin rally. The current chart provides critical insights into the state of Bitcoin dominance, the potential implications for market dynamics, and the timeline for future movements.
Key Observations and Technical Insights
1. Breaking the Rising Wedge Pattern
The weekly chart shows a classic rising wedge pattern that Bitcoin dominance has adhered to for an extended period. A breakdown from this pattern is a bearish signal, indicating a potential shift in dominance from Bitcoin to altcoins.
The wedge breakdown was accompanied by significant bearish momentum, validated by a retest of the breakdown level.
This technical development is a strong indication that BTC.D has entered a new phase of its trend.
2. Current Consolidation Zone
Following the breakdown, BTC dominance has entered a consolidation phase within the highlighted rectangular box (approximately between 53.2% and 58%).
The consolidation suggests market indecision as Bitcoin retains relative strength but altcoin activity starts to increase.
Volume levels during this phase are moderate, reflecting a lack of aggressive participation, which is typical before a major directional move.
3.Key Levels to Watch
Resistance: The upper boundary of the box (58%) aligns with prior rejection levels. A move above this could indicate a temporary resurgence of Bitcoin dominance, potentially due to increased Bitcoin-led market rallies.
Support: The lower boundary of the box (53.2%) is a critical support zone. A sustained break below this level could confirm the next bearish leg.
4. Indicators Supporting the Bearish Bias
Ichimoku Cloud: The dominance has started interacting with the cloud's lower boundary, which acts as dynamic resistance. A clean break below the cloud would further confirm bearish momentum.
MACD Divergence: The MACD histogram is tilting bearish, signaling weakening upward momentum. A bearish crossover on the MACD line would solidify downside expectations.
RSI: The RSI is trending near the midline, showing no extreme conditions. This gives room for further downside before entering oversold territory.
Market Implications and Projections
1. Impact of a Breakdown Below the Box
If BTC dominance decisively breaks below the 53.2% level, it will likely lead to a significant shift in market dynamics.
A drop toward the marked lower levels (approximately 48%, 42.8%, and 39.9%) would indicate the onset of an altcoin season, characterized by robust performance in altcoins.
Historically, such breakdowns in BTC.D have coincided with increased speculation and capital rotation into altcoins, signaling the start of a bull run across the cryptocurrency market.
2. Bull Run Timeline
The estimated timeline for this critical move is Q1 2025, which aligns with broader market cycles and macroeconomic expectations. Institutional interest in crypto, combined with improved market sentiment, could amplify this trend.
3. Potential Scenarios
Bullish Case for BTC.D: A reversal above 58% would require significant Bitcoin-led rallies, possibly fueled by macroeconomic uncertainty or a Bitcoin ETF approval. This scenario delays the altcoin season but strengthens Bitcoin as the primary investment vehicle.
Bearish Case for BTC.D: A sustained decline below 53.2% would confirm altcoin strength and could trigger rapid capital rotation into alternative assets, particularly in high-liquidity altcoins and DeFi protocols.
This chart provides a professional-grade analysis of Bitcoin dominance and its potential impact on market dynamics. The breakdown from the rising wedge, the ongoing consolidation, and the bearish indicators suggest that BTC.D is on the brink of a major directional move. Traders and investors should closely monitor the consolidation box boundaries and prepare for a shift in market structure as BTC dominance declines.
The Q1 2025 timeline for the next leg down aligns with historical patterns and macroeconomic projections. A break below 53.2% will likely usher in a new phase of the crypto market, driven by altcoin strength and increased retail participation. Stay vigilant, as this period could mark the beginning of the next crypto bull run.
BITCOIN UPDATE 2025 | ALTSEASON | BTC.DWe'll kick of the first analysis of the new year by taking a look at BTC, and whether or not the conditions are met to say the ATH is in.
Furthermore, let's loo at altseason by comparing the TOTAL3 chart and the Bitcoin Dominance chart. Many secrets lie in these charts if you overlap them, and look for patterns.
Soon, I will be making an update on the top Altcoins to watch in 2025 so be sure to follow so you don't miss it!
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BTC DOMINANCE (4H) UpdateThis analysis is an update of the analysis you see in the "Related publications" section
From the point where we placed the red arrow on the chart, Bitcoin dominance correction has started.
After completing wave A, the price entered wave B.
Wave B appears to be a diametric, and we are currently in wave f of this diametric.
It seems that one wave g of this diametric remains, which could extend until December 31, 2024. From January 1, 2025, this index may experience a decline. This date aligns with when Trump takes office, bringing various plans for the crypto market.
If a weekly candle closes below the green zone, this scenario will be invalidated, and Bitcoin dominance will likely experience a more significant drop.
For now, this is our perspective on Bitcoin dominance.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You