Dominance the system core- for me it has always been very complicate to explain BTC.D to peoples, because it's complicate ! lol
- it's weird to understand the moves and many factors have to be compared together an alchemy have to happen to see something happening.
- So basically to explain it, i will tell you what "we want to see" or "what we don't want to see" in the future. if the story repeats again.
1/ BTC.D have to grow up, then Altcoins will struggle down trying to find a potential bottom.
- While BTC.D grow up, BTC price have to grow up also or at least stabilize ( this is a good sign )
2 / if BTC price down and BTC.D up, it's bad, it's just the normal way ( No Divergence )
- When BTC price + BTC.D both up together, it's a kind of " inversed divergence ", it means something good gonna happens. ( get it ?)
- Basically also if USDT/USDC Dom Grow and BTC price stabilize and not goes down anymore, it's a good sign.
- Normality the normal way is : BTC up / USDT/USDC.D Down OR BTC Down / USDT/USDC.D up.
- Before we had no reason to check those Stables coins because they had not much DOM in markets, but now have to count with them.
- So While BTC.D is growing, altcoins will just make some weak moves.
- When BTC will reach is next Dominance's ATH ( witch have to be lower than last years because more concurrence )
- BTC.D will crash and ALT SEASON will start.
- it took me many years to understand that, but it's pure logic ( Fibonacci is working perfectly on it )
- again it's not easy to get it.
- if you have any questions feel free to add a comment.
Happy Tr4Ding !
Btc-dominance
CRYPTORE REVOLUTION: BTC.D - ALTS RUNNING FOR POWER📣 Hello everyone!
Since 2017, the full picture on the Bitcoin dominance index chart has remained incomprehensible to me, at least because of the short history. Now, 7 years later, for myself today I clearly understand that the trend on the BTC.D index is clearly downward, and all upward rollbacks are corrections to a long-term downward trend.
I believe that a global triangle is forming on the Bitcoin dominance index chart, which will be broken down and Bitcoin will begin to rapidly lose its dominance. The 20% target could be achieved by 2027.
⚠️ Think for yourself, decide for yourself - good luck in making independent trading decisions and profits ✊
Goodbye!
Ending Soon 2024 Bull RunAs compare to previous bull runs, the current bull rune is too small and ending Soon.
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Forecasting Bitcoin Dominance and the Upcoming Alt SeasonWe'll try to predict the movement of Bitcoin Dominance. The last cycle from bottom to top took approximately 1085 days. If we apply 1085 days to our cycle, it turns out that Bitcoin will complete the growth of Bitcoin Dominance around May 6, 2024, coinciding with the channel's peak around 58% ±.
The channel's bottom will act as the 32%± zone and indicated a rapid fall in 133 days as it happened in 2021. We are already close to the alt season. What about Bitcoin? For Bitcoin, I will wait for a signal on the 3-week timeframe that the growth has finished. I will no longer guess corrections :)...
CRYPTOCAP:BTC #Bitcoin
What is bitcoin dominance?
Bitcoin dominance is the ratio between the market capitalization of Bitcoin to the total market cap of the entire cryptocurrency market. It gives a sense of Bitcoin's value relative to other cryptocurrencies, and is frequently used by investors and traders to try to help them make better investment decisions.
Indicator (for 3-week timeframe):
Bitcoin dominance at the crossroadBTC Dom 1day here in a descending regression channel Dominance is at the bottom of the channel and will decide its future short-term direction from here Either dominance advances up the channel from here and number-go-up again or dominance breaks down from here which could see a drop to 49% sparking a massive run for Alts Just be ready DFTU!!
BTC.DWhen alternative cryptocurrencies (#Altcoins) show strength and outperform Bitcoin ( CRYPTOCAP:BTC ), it serves as a significant indicator. The mention of the BTC dominance chart potentially nosediving implies a shift in market dynamics, indicating increased interest and investment in altcoins compared to Bitcoin. This shift may signal changing investor preferences and a potential trend where altcoins gain prominence in the cryptocurrency market.
#BTC📷 #cryptocurrency CRYPTOCAP:SOL CRYPTOCAP:DOT #Solana CRYPTOCAP:MATIC #Polkadot
BTC Dominance broke structure - 56% nextBTC Dominance retraced to the discount on this daily leg and broke structure to the upside before taking the sell-side-liquidity.
BTC Dominance need to retrace to the premium zone to fill the inefficiency on the weekly / monthly timeframe.
Once we see a lower timeframe confirmation around the 56% level, we can prepare for the altseason. Until then... Brace yourselves.
🔥 Bitcoin's Final Sell-Off Before The REAL Bull-Market Started!If you enjoy this analysis, please like and follow.
Intro:
History has taught us that while events may not play out in the exact same fashion every time, they do tend to follow similar patterns. With Bitcoin, these patterns are particularly evident. This repeated pattern hints that big changes might be coming in the market.
Bitcoin's Five Phases:
Looking at the chart, it can be divided into five different phases. Each phase represents a specific trend or behavior that the market follows. See the chart.
The Final Sell-Off:
According to the phases mapped out, it seems we are now possibly at the start of the final sell-off phase, denoted in purple on the chart. This phase suggests a short-lived bearish trend before Bitcoin embarks on its next bull run, which, in my view, will start somewhere in 2024.
Predictions:
While forecasts should be taken with a pinch of salt, I believe that the bear market low was $15,500. Although this low has already been seen, the market could see a retest of the $20,000 area, especially with September being historically unfavorable for both stocks and cryptocurrencies.
Opportunity with Altcoins:
For those still waiting to load up on their favorite altcoin, the final sell-off phase tends to be an great moment to consider altcoins. Why? During this phase, altcoins typically diminish in value compared to Bitcoin. This makes them relatively cheaper and could offer increased upside potential when the real crypto bull market will eventually start. This is in line with my most recent Bitcoin Dominance analysis below.
Are you bearish or bullish? Share your thoughts in the comments 🙏
BTC Dominance Showing WeaknessBTC.D (1D)
*BTC dominance was chosen to review due to a high level of manipulation and erratic price movements in crypto*
ALT SEASON?! well, no, now just hold your horses.. and probably your pants. USDT.D is showing strength at the same time (chart will follow)
Price Chart
Firstly and most notably is the recent break of the midpoint (Red Solid) of the double top that also made a lower high; this was also confirmed by the OBV making a similar move. Both OBV and the price chart are showing the beginning of a bounce right on the major trend line (Yellow Solid) while RSI has confirmed the move lower by making a lower high and lower low, as well as, trading below the 50 line; RSI also looks to be trading in a wedge.
What Seems Legit?
Well now don't we just have more mixed signals than the date you took bar hopping during Fleet Week your friend's girlfriend's best friend's neighbor set you up with. Bro git 2 it, duz the beer muny go to BTC or wat? We're saving the beer money for beer, if that answers anything.
Most likely we get a retest of the midpoint, which should align with the OBV and RSI resistance and trend lines respectively. RSI is in a wedge so it's possible it breaks out, but it also needs move past the 50 level to see upward momentum continue. More often than not in crypto, when a midpoint on the OBV gets snapped that's a good indicator of a change in direction; There is another support zone (Green Box) on the OBV that needs to break to confirm this. Coupled with weakness in RSI and other factors such as, boomers aren't buying Bitcoin, Gen Z doesn't have money to buy Bitcoin (staggeringly high amount live pay check to pay check), consumer debt levels are moving through the roof (while interest rates are nice and high), etc.
Chart Key
Yellow Solid = Major Trend Line
Yellow Dotted = Minor Trend Line
Red Solid = Major Support / Resistance
Teal Solid = RSI Falling Wedge
Green Boxes = Supports / Target Areas
BTCUSDT DAILY : DAILY ROADMAPHi Guys Hope you well.
As shown in the chart, we are in a six-month upward trend line. The weakness in the daily chart is clear for the price to rise.
But the important point of changing the structure from downward to upward in the long term of Bitcoin is clear. I expect that with the failure of the trend line, the price correction will be done in the first stage to the range of 26500 and then towards 21000 dollars, which was the origin of the upward movement.
The analysis is in the high time frame and only shows the way. For trading, you must have your strategy in the short time.
SecondChanceCrypto
⏰ 2/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
Crypto Total Market Cap : ROADMAPHi Guys,
I update the analysis and show you the new roadmap please check the last one and decide to do what do you like to do.
SecondChanceCrypto
⏰25/JULY/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
BTCUSDT H4: SHORT SETUPHi Guys Hope you well.
As indicated in the chart, you can see 3 selling trading positions. Don't forget to enter the trade in the low time after getting confirmation from the chart. In the first set-up of FVG and in the second and third set-up, the supply area is the place to enter the position. With the excitement on Thursday from the Ripple market court, there was a good growth especially in altcoins, but the exhaustion of the trend is completely evident in Bitcoin, and I expect the end of the uptrend.
ETHUSDT H4 :SHORT SETUP Hi Guys. Hope you well
If we look at the classical point of view, the head and shoulders are formed in the ceiling and I expect to fall as much as the neck line to the box area. From the point of view of smart Money, there is liquidity above the two ceilings that have been specified, and also the good supply area of the market can hunt the red box and then we can see a fall to the FVG area.
SecondChanceCrypto
⏰13/JULY/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
USD vs CRYPTO : macro look, usdt.d in the mix, alt comparisonUSD vs CRYPTO : macro look, usdt.d in the mix, alt comparison
wow lot here but some clear ish macro trends.
seems either 1 of 2 spots, once again. see the flags.
1. dxy aint done. usd pumps to astronomical levels while btc does a big fake pump into huge dump as dxy blows off.
2. dxy is done, loses this key support and rolls over giving risk on assets like btc a huge pump. in this case a % comparison for ADA (i think a good example of 'ave top alt performance') against btc is shown from that bottom. choose your alt wisely, hodl, and ye shall be rewarded.
looking like 2. to me tbh but iam obviously biased.
would love to also see what macro patterns you see here? seeing something different?
gl
BTC dominance and altseasonAll logic is clearly displayed on the chart. I have been using BTC dominance over altcoins (the entire market) in my work since 2017.
Note that a "double bottom" is forming on the chart. But, at the moment, the season of games has opened under the title: "not environmentally friendly", while it is going on, such a construction is unlikely to come true. Use this period. Then, most likely, everything will change. Bad - good - bad - good - bad
This type of analysis works with both local market movements (which I mainly use) and the large-scale segments shown in this chart.
Please note that the "altcoin mass pumping season" is always very short for obvious reasons, use it and do not be greedy.
Your greed is your death in the marketplace.
MUH ALTS, They Bleeeding, here is why
As you can see in the chart BTC Dominance above the important Resistance Zone that we have been talking about.
This is why your precious Altcoins are bleeding. BTC and ETH are still doing relatively well in the grand scheme of things.
Remember, when BTC dominance is high you buy alts, what comes up must come down. Before every major alt season BTC dominance had a pump, only to dump while Alt season was unfolding.
BTC and ETH dominance both might be breaking out to test 52-57% and 22-25% respectively. Personally i dont think BTC dominance will rise much higher than 52% unlike ETH that might reach 25% considering the BTC/ETH pair chart is looking good and the hype around ETH and layer 2 solutions still unfolding.
ETH Dominance one to look at. 25% coming?As mentioned in the related idea:
BTC Dominance broke out and this is the main reason your alts are bleeding.
Buy alts when dominance is high and sell them when dominance is low.
BTC and ETH dominance both might be breaking out to test 52-57% and 22-25% respectively. Personally i dont think BTC dominance will rise much higher than 52% unlike ETH that might reach 25% considering the BTC/ETH pair chart is looking good and the hype around ETH and layer 2 solutions still unfolding.