Bitcoin Dominace at resistance. Drop soon?The CRYPTOCAP:BTC dominance is at the moment at the resistance.
If Bitcoin dominance reject there we could see the next leg for a MEGA Altseason.
Key data points
Previous close
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Open
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Day's range
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About Market Cap BTC Dominance, %
On crypto market, a coin dominance is a ratio of its market cap to cumulative market cap of cryptocurrencies. It's a great way to see how big a coin is relative to the whole crypto market — the value of everything is in comparison. It's calculated by dividing a coin market cap by the overall market cap of the top 125 coins and then multiplying it by 100. The result of these calculations and how it changes over time you can see on the dominance chart — calculated for you by TradingView.
The Calm Before the Altcoin Storm: Prepare for the Biggest Run!!#Bitcoin Dominance Update:**
Bitcoin dominance has started to dump, breaking the support that has held since November 2022. It faced rejection at a long-term resistance level, which has been a key barrier since May 2017.
Historically, when this happens, we’ve seen alt season kick-off and last f
Altseason coming.Btc.d is currently forming a ascending wedge after a huge drop. This is a bearish trading pattern. If btc.d will drop there will be an altseason. I think the lowest btc.d will go is ~47%.
Time will tell.
The exact timing of the Altcoin season !As you know, with the drop in Bitcoin dominance, altcoins yield higher returns compared to Bitcoin. Conversely, when Bitcoin dominance rises, Bitcoin yields higher returns compared to altcoins.
From the point where we placed the red arrow on the chart, it seems that the bearish waves of Bitcoin dom
BTC.D has not topped out yet!Everybody is convinced that BTC.D has topped comparing it to arrow number 1.
What if we should compare it to number 2?
Overall movement direction is UP, not DOWN as it was in 2020.
BTC.D found support on 50MA and formed hidden bullish divergence on RSI.
63-70% dominance is levels to watch
You see what i see? BTC.D will soon drop hardWill drop hard and alts will go up, dont get trapped by the whales
BTC Dominance double top bearish signal detected!BTC.D is showing a double top pattern, indicating a potential reversal and bearish reaction.
At 57%, we are no longer in altseason. Let’s see if this bearish pattern and divergence play out.
"ALTCOINS: HOLD OR SELL? BTC Dom at a Critical Turning Point!🚀 Hey Traders! 👋
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🔥 Market Recap
Last night, we witnessed a massive liquidation cascade across the entire crypto market. Altcoins took a heavy hit, with many dropping 20-30% overni
Short btc dominance (buy alts)Btc dominance bearish retest should allow profits from
Btc run into alts for alt season
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.