BULLISH Altcoins NOW: Final SHAKEOUT CompilationWe're seeing what could be the final shakeout across the entire altcoin market. This drain of liquidity will likely go into Bitcoin to propel the next impulse wave up, after which the money rotates BACK into alts for Altseason2.0.
We're spotting multiple bottom patterns across the altcoin markets such as inverse head and shoulders and W-bottom patterns.
1) FLOW
2) RNDR
3) SOLANA
4) LINK
5) ETH
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I'll keep adding to the list over the next few days as there are MANY more. FOLLOW for alerts!
Bitcoindominance
BTC Dominance Update (1W)This analysis is an update of the analysis you see in the "Related Ideas" section at the bottom of the page.
According to the analysis we published months ago, it is moving.
In this update, we updated the supply.
When bitcoin dominance hits the supply area, the alt party can start and we can see altcoins pumping.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Altseason ahead: Bitcoin Dominance - a Pullback, or Reversal?BTCDOMUSDT is showing signs of being overheated, and we believe the price may have topped out, at least in the short term. This comes after a strong rejection at the double Fibonacci resistance level around the psychological 2600 mark, suggesting that a significant pullback could be coming.
Currently, the price seems ready for a relief bounce, which should mark the beginning of a long-term trend reversal. If this scenario plays out, we might witness a massive altcoin rally as funds rotate out of Bitcoin dominance and into alternative cryptocurrencies.
Keep an eye on this setup, as it could signal an exciting opportunity for altcoin traders. Prepare for the potential shift, and stay tuned for what could be an electrifying period in the crypto markets! 🔥
When will altcoin season start?
Of course, nobody knows exactly when altcoin season will start, but we can make a prediction by what we see on the charts.
I think we are getting closer and closer to an altcoin season.
We have an ICT unicorn model, a breaker that overlaps with an FVG. We hit the midpoint of the FVG and the 50% level of the range.
I don't trade with indicators and chart patterns, but they do seem to work on BTC.D
— The RSI is overbought and showing signs of weakness.
— The Stochastic RSI is also overbought.
— We are at the end of a bearish pattern, I am not sure what it's called because I don't trade them. But I am able to recognize them.
Bitcoin has been consolidating between 74k-53k for a few months. I think this is bullish because ''The bigger the base, the harder the rally''
Fundamentals:
The Ethereum ETF got accepted = Bullish for altcoins
USA Elections (with a Pro crypto president) = Bullish for Bitcoin and Altcoins
High probability of rate cuts= Bullish for Bitcoin and Altcoins
Big institutions like BlackRock buying the dip=Bullish for Crypto
Germany almost done selling all their bitcoin=Bullish for Crypto
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Crypto Market Insights: Bitcoin.D and Bitcoin Price PredictionUnderstanding Bitcoin Dominance:
Bitcoin dominance is crucial for understanding the broader crypto market, identifying potential growth projects, and making informed decisions to balance your crypto portfolio. BTC.D is approaching a significant resistance level of 57.42, which we expect to hit by October or November. Following this, a potential downtrend in BTC.D is anticipated.
Bitcoin Key Levels and Market Reactions:
Bitcoin has a strong support level at $53,400. If this support breaks, we might see BTC dominance around 57.42. Historically, when BTC dominance rises, Bitcoin's price tends to fall, and vice versa. The resistance zone at 57.42 has not been hit yet, but it is expected to by September. We foresee Bitcoin's price hovering between 52K and 48K, leading to a significant movement. A bullish market is likely to start after November, with increased volatility expected in Q4 2024.
Bitcoin Bull Market Projections:
Based on historical data and calculations, Bitcoin's bull run targets a minimum of $253,623. If Bitcoin flips this resistance by February 2025, we could see a maximum target of $275,780. Past bull runs in 2013, 2017, and 2021 saw unexpected price pumps, and similar volatility is expected this time. It's crucial to keep trades active while monitoring resistance zones, with a strategic exit from long positions by March or November 2025.
As we anticipate these market movements, staying informed and prepared is key. By understanding and acting on these insights, you can navigate the crypto market more effectively. Remember, each bull market brings its own set of opportunities and challenges.
For more in-depth analysis and to stay updated with our latest trading ideas, follow us on TradingView. Gain valuable insights and make informed trading decisions with our expert analysis.
BTC.D looking to decrease -> Altcoin Run until the end of 2024- Yearly range provided a reversal point with a clean market strcuture shift to the uspide, which price bounced off from to the 50% of the range.
In range trading we call this take profit nr 1.
- Price now usually bounces off a bit from the 50% (which price is currently at) into a FVG (marked in blue) / support level targetting the high of the range.
With the expectation to drop into the fvg, altcoins should witness a push to the upside until the end of the year 2024.
Afterwards we are expecting a rapid upmove of BTC.D to target 2 until the year of 2027, which would result in altcoins bleeding out.
This idea gives us a great confluence with the TOTAL3 chart analysis, which we published before. You should have a look at this as well.
(www.tradingview.com)
Bitcoin Dominance at key levelBitcoing dominance at a critical level now. If BTC.D break upper line with weekly candle, BTC will pump more and BTC will make a new ATH in 2024.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Golden Cross Re-test - Brief / Strong AltseasonAlternative idea for Bitcoin Dominance.
Small rising wedge breakdown on the weekly that began forming at the start of a Golden Cross of the weekly 20/100 and 50/200 MAs (and EMAs, not pictured)
Often after golden crosses, before the real bull run there is a strong re-test.
A re-test of the 100 and 200 weekly MA over the next month or so would target the exact same TP 2 as the rising wedge breakdown, around 49%.
49% also sits at the wick high of weekly support.
I see the possibility of a sharp drop down to ~49%, and if that level holds, a sharp rise up.
This could mean altseason is right around the corner, but could also mean it gets cut short around end of July or in the fall.
For a a different outlook considering a longer altseason and a sharper drop in dominance, see this other related idea:
For a short-term bearish then bullish outlook on Bitcoin Dominacne, see here:
Rising Wedge Breakdown Near Resistance3-daily chart for BTC.D
Targets:
Possible drop to support support initially.
Then TP 1 around 47
TP 2 ~43-44%.
Prereqs:
Remain below the wedge and lose 54% and then the 200 day EMA/MA just under it.
Some confluence:
My hand-drawn rising wedge on the log chart above has a measured TP 2 that lines up almost perfectly with the linear chart's "Rising Wedge" auto-pattern indicator.
Daily line chart view:
Bitcoin Dominance Technical AnalysisCurrently, Bitcoin Dominance (BTC.D) retesting the channel trend line after a breakdown from it and bounced back from the support zone (Green) at 53.69% - 54.39%. BTC.D was moving in an ascending channel from august 2022 till May 2024.
Due to the upward movement of BTC.D after making support from green zone to ascending channel trend line the alt market is heavily bleeding. That is why we always say every time you take a trade use stop loss because this market is very volatile.
If Bitcoin Dominance rejects from the channel and breaks down from the green zone we will see massive gains in the price of alt’s market and if it do inverse and did not break the zone in green moves upwards and breaks into the channel that will be a bad dream for the alt’s.
According to our analysis, we could see BTC.D pull back from here and we will see it moving towards the next levels and massive pumps in alt coins price.
Overall, we understand that BTC.D is currently in a bullish momentum. It is retesting the channel trend line and has rebounded upward from the support zone, indicating a bullish sign. However, if it breaks down from the support zone, it could shift to a bearish momentum.
Bull Flag | Falling Wedge FormingMight be a drop here down towards the 200 day EMA/MA and the bottom of this bull flag or falling wedge on the daily.
This could provide some reliefs to #alts vs. BTC while Bitcoin corrects down to 60-63k area
Short-term short until 53-54% area, then long again, may range within the wedge for a while, too.
Bitcoin Dominance Looks Towards ATLBitcoin has reigned supreme within the crypto universe since its first introduction. The BTC.D shows a shift in the trending direction however. Should levels make a return to 74% or better, expect all time lows to come near 2027.
Posting for tracking and public historical reference.
Bitcoin Dominance: Elliott Wave and Harmonics ComboBitcoin Dominance ( BTC.D) is giving a fantastic trading setup.
It's preparing a BIG Bullish Swing.
From an Elliott Wave point of view, a bullish Impulse Wave is about to start.
In this case I'm talking about Super-Cycle (C) (turquoise).
Moving on to Harmonic Patterns, there are two:
The smaller one is the Bullish Shark, which is preparing its completion.
The second one, and the bigger view, is the Cypher Pattern, which will commence one the Shark is done.
So, bottom line: BTC.D is gonna start flying, and will push the Crypto market into a fantastic Bull Cycle.
Bitcoin Dominance ( BTC.D ) Technical Analysis:
* Elliott Wave Impulse: Super-Cycle (C) (turquoise)
* Harmonic Pattern: Bullish Shark
* Harmonic Pattern: Bullish Cypher
* Double Bottom
* Bullish Divergence
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Demand Zone
Conclusion: Bitcoin (BTCUSD) is and always will be the one and only driver of the Crypto Markets.
$BTC dominance' s bearish retest#btc #bitcoin dominance has bounced after leaving the channel. Now, #btcd performing a bearish retest. If reclaims the channel BTC.d may rise. But, in my previous posts, i have said BTCD chart has an important bearish divergence (now as seen on the chart with red lines). Thus, if bearish retest succeeds, BTCD declines here and fails to enter channel, money will likely flow into #altcoins or #usdt . USDT is more likely, because #memecoins sucked the money already.
Not financial advice.
XLM higher high. 1.10$Combining Artificial Intelligence (AI) with Stellar Lumens (XLM) can create synergistic advancements in the blockchain and financial technology sectors. Here’s a detailed overview of how AI and XLM can intersect and the potential future impacts:
### Enhancing Stellar Lumens with AI
1. **Fraud Detection and Security**:
- **AI-Powered Monitoring**: AI can analyze transaction patterns on the Stellar network to detect unusual activities, potentially identifying and preventing fraud before it happens.
- **Smart Contract Security**: AI can help in auditing smart contracts deployed on the Stellar network, identifying vulnerabilities, and ensuring robustness against attacks.
2. **Automated Trading and Investment**:
- **Algorithmic Trading**: AI algorithms can be used for automated trading of XLM, optimizing trading strategies based on market data, sentiment analysis, and predictive modeling.
- **Robo-Advisors**: AI-driven robo-advisors can provide investment advice and manage XLM portfolios for users, tailoring strategies based on individual risk profiles and market conditions.
3. **Optimizing Network Performance**:
- **Load Balancing and Resource Allocation**: AI can dynamically adjust resource allocation and manage network load to ensure optimal performance and reduce transaction latency.
- **Predictive Maintenance**: By predicting potential network issues, AI can help preemptively address problems, maintaining the reliability and efficiency of the Stellar network.
### AI Applications Utilizing Stellar Lumens
1. **Cross-Border Payments and Remittances**:
- **Automated Exchange Rates**: AI can provide real-time exchange rate predictions and optimizations, ensuring users get the best rates for cross-border transactions using XLM.
- **Personalized Payment Solutions**: AI can offer tailored payment solutions based on users’ transaction history and preferences, improving user experience.
2. **Financial Inclusion**:
- **Credit Scoring**: AI can analyze non-traditional data to provide credit scores for underbanked populations, enabling them to access financial services through the Stellar network.
- **Microloans and Insurance**: AI can facilitate the provision of microloans and microinsurance products by assessing risk and potential for repayment, thereby aiding financial inclusion.
3. **Data Analysis and Insights**:
- **Market Analysis**: AI can analyze vast amounts of data from the Stellar network to provide insights into market trends, user behaviors, and transaction patterns.
- **Regulatory Compliance**: AI can help in monitoring compliance with regulatory requirements, ensuring transactions on the Stellar network adhere to necessary legal standards.
### Future Potential and Developments
1. **Decentralized Finance (DeFi)**:
- AI can enhance DeFi applications on Stellar by providing predictive analytics, optimizing yield farming strategies, and managing risks associated with decentralized lending and borrowing.
2. **AI-Driven DApps**:
- Development of decentralized applications (DApps) on the Stellar network that leverage AI for various purposes, from financial services to supply chain management.
3. **Interoperability and Integration**:
- AI can facilitate the interoperability of Stellar with other blockchains and financial systems, ensuring seamless integration and data exchange across platforms.
4. **User Experience and Adoption**:
- AI-driven interfaces can improve the user experience of Stellar-based applications, making them more intuitive and accessible, thereby driving adoption.
### Conclusion
The integration of AI with Stellar Lumens (XLM) holds significant promise for enhancing the functionality, security, and adoption of the Stellar network. By leveraging AI, Stellar can offer more efficient, secure, and user-friendly financial solutions, driving innovation in the blockchain and fintech spaces. The collaboration between AI and XLM can potentially revolutionize how financial transactions are conducted, making them more inclusive, accessible, and efficient.
Bitcoin Dominance Surges:Is Now the Time to Buy or Sell ETH &BTCBitcoin dominance is an important chart indicator that reflects the flow of liquidity and market capitalization of bitcoin in comparison to the rest of the cryptocurrency market.
Bitcoin dominance historically moves in cycles, with the flow of risky cryptocurrencies(altcoins) to less risky ones such as Bitcoin. This provides a signal of when to buy or sell your Bitcoin and altcoins.
A lot of people have been speculating that it's altcoin season. However, I believe we need one more leg up in Bitcoin dominance as the ETH/BTC pair breaks down and liquidity flows from altcoins to Bitcoin.
Bitcoin dominance
ETH/BTC broke support
To sum up, I believe that we could see the price of Bitcoin rallying within the upper and lower bounds of the accumulation, while Ethereum and altcoins decline. This could lead to a significant rise in Bitcoin dominance before monetary policy comes into play for the next cycle of deciding which altcoin to buy. Expect volatility in the coming months as altcoins decline against Bitcoin.
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Ethereum's Drop: Is $2500 Still in Sight?I mentioned in the previous video that we might see a drop in the price of Ethereum as the ETH/BTC pair breaks lower due to liquidity being drawn to Bitcoin.
We have observed a relief rally towards the 20 EMA, following the breakdown of the ETH/BTC pair, while still respecting the 20 EMA.
Based on the previous cycle in 2019, we saw something similar as ETH/BTC broke down the support. ETH/USD retraced towards the 20EMA before dropping about 30%, so we could have something similar play out.
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Bitcoin Dominance at a Key Level: Altseason Incoming?What is Bitcoin Dominance?
Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that Bitcoin represents. It's a metric that shows how big Bitcoin is compared to all other cryptocurrencies combined.
How Does Bitcoin Dominance Affect Altcoins?
Generally, there's an inverse relationship. When Bitcoin dominance rises, altcoin prices often stagnate or decline. This might be because investors are moving funds into Bitcoin, perceived as a safer haven during market uncertainty.
Conversely, when Bitcoin dominance falls, altcoins often experience price increases. This could be due to investors seeking higher returns in the altcoin market or a perception that the broader crypto market is maturing beyond Bitcoin.
The weekly chart shows Bitcoin dominance reaching a critical resistance level. Historically, in 2016 and 2020, dominance reversals at this trendline preceded significant Altseasons (periods of strong performance for alternative cryptocurrencies).
While past performance doesn't guarantee future results, there's a possibility that a similar scenario could unfold this time around.
Here's what to consider:
Confirmation of Rejection: A clear rejection with a bearish candle formation at the resistance level would strengthen the possibility of an Altseason.
What do you think about this? Share your views in the comment section.
Thank You!
WHEN to BUY CRONOS - Using BTC.D 🔁BITTREX:CROUSDT
As seen from the CROUSDT chart, the Bitcoin Dominance Chart reveals many secrets when overlayed onto your altcoin chart.
They key reason for this being the constant rotation of money in and out of Bitcoin, and into and out of altcoins. If you're looking for a more detailed explanation on when to buy altcoins, check out yesterday's update here:
From the chart we can clearly see that Cronos has bottomed out, but is struggling to regain bullish momentum. As we overlay the BTC.D chart (yellow) we can see there is a negative correlation between the two - When BTC.D drops, CRO increases. And when BTC.D increases, CRO drops. This will hold true not only for CRO , but for other smaller market cap altcoins as well.
This concludes that NOW is an excellent zone to buy Cronos, as the price is yet again in accumulation zone. An increase can be expected as soon as we see a dip in Bitcoin Dominance.
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CRYPTOCAP:BTC.D
The Crypto Carousel: BTC, ALTS, and the Money Merry-Go-Round✅ Bitcoin Dominance, BTC, Altcoins ✅
Today we're diving into the fascinating world of money rotation within the cryptocurrency subclasses. We're talking about the rotation of cash between Bitcoin and altcoins, its younger, more diverse siblings.
Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart.
- If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size.
- If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth.
Total Market Cap ( CRYPTOCAP:TOTAL ) and BTC.D
Now, imagine a big shiny carousel. Bitcoin is the majestic stallion at the center, while altcoins are the colorful horses surrounding it. Riders (investors) hop on and off, injecting money into the ride (buying) and taking it out (selling). This constant movement is what keeps the crypto carousel spinning.
Let's break it down with visuals:
Chart 1: The Bitcoin Rollercoaster
This rollercoaster represents Bitcoin's price action, and also my view on where we are in the current cycle. (I believe we're in a multimonth correction, followed by the last impulse wave up). You'll need this to know where we are in the cycle right now / LOWER-STABLE:
Chart 2: Bitcoin & Bitcoin Dominance Dance
This chart shows Bitcoin's dominance, which is basically its share of the total crypto market capitalization (market cap = total value of all cryptocurrencies). When Bitcoin's dominance goes up (higher on the chart), it means investors are putting more money into Bitcoin, potentially at the expense of altcoins. Conversely, when dominance goes down, it suggests capital is flowing towards altcoins. The difference is clear:
Chart 3: BTC.D vs TOTAL3
In this chart, we overlay the Total 3 Priceline (turquoise) on top of the Bitcoin Dominance chart. TOTAL3 shows us all alts except ETH.
The Bitcoin Rollercoaster and the S&P 500:
Imagine Bitcoin's price as a rollercoaster. When Bitcoin surges (line goes up), it can sometimes lead to increased investor risk appetite. This might entice some investors to move funds from the S&P 500 into riskier assets like Bitcoin, potentially causing a slight dip in the S&P 500. Conversely, when Bitcoin experiences a price drop, investors might flock back to the perceived stability of the stock market, potentially causing a rise in the S&P 500.
So, is there a guaranteed correlation?
Not quite. The crypto market is a complex beast. But by understanding the relationship between Bitcoin, altcoin prices and dominance, you can get a better sense of where the money merry-go-round might be headed.
Remember, this isn't financial advice! Do your own research before making any crypto investments. But hey, with this knowledge under your belt, you're one step closer to navigating the world of crypto rotations!
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Why will Bitcoin drop towards 52000 levelStructure has broken the wedge and now trending downward within the channel. So we see a decrease in transactional volume.
It seems that a historical pattern is repeating itself from a previous cycle, mostly due to monetary policy involving an interest rate cut.
if a similar scenario plays out, we might witness Bitcoin dropping to a low of 52000
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