Altcoin season next weekThis is the time!
The BTC.D has been testing the 40% 5 times since the first time when it broke down.
Everything indicates that we are close to the 6th test which may happen next week if the BTC retracement is confirmed.
I believe that, once the BTC.D falls below 35%, we will never see it at 50% again. This market is too big for one asset to have 50% of the total MC.
The most entertaining outcome is the most likely...so an altcoin season, after FTX collapse and BTC dump to 15k, is very entertaining.
Bring it on!!!
Btc-dominance
"THE FLIPPENING" : When ETH flips BTC in dominanceThe flippening, or when ETH exceeds BTC in dominance, aka flipping dominance, will happen on May 2023 according to this chart.
By charting the ratio of ETH dominance, ETH.d, to BTC dominance, BTC.d, the flippening occurs when the ratio exceeds 1.
ETH.d to BTC.d ratio has printed a cup and handle pattern on the higher time frame. This pattern's measured move, if the ratio breaks out of it, exceeds 1 meaning that ETH would have flipped BTC in dominance.
By projecting a rising channel from the handle, the intersection of the measured move is around May 2023.
At the moment it seems inconceivable that crypto will rise, but drops of 80% to 90% are common in alts in bear seasons, bull seasons will be in the multi Xs gains for alts.
BTC is facing many problems, the largest of which is energy consumption, currently turning a profit mining BTC is in the red as energy prices have risen and BTC price has dropped. Another problem is that BTC transaction time is exceedingly slow and BTC lacks smart contracts.
ETH merger has addressed the problem of energy consumption in mining and theoretically transaction fees which have been astronomical since ETH price has risen.
ETH technically is a better contender as a BTC replacement. Also, ETH holders from March 2019 covid dump have outperformed BTC holders. Microstrategy would have been in better shape if it held ETH.
In an old idea below, I predicted that ETH will reach the neckline of the cup and handle around 25% of the market cap.
Today 2 Resistance levels 0.41 & 0.42. Can reach both then down!Today we already hit the first resistance level . BTC dominance has dropped so we might see XRP trying to hit the second stongest level of resistance at 0.42. Then i belive we will continue our way down and start monday of by bleeding down. Bottom targets are still the same 0.393 achieved. 0.388. 0.375 Hopefully I made it clear for you If this was helpful i would aprecciate a boost!
-P.S Later today ill make a post on the long term prediction price movements.
BTC/USDT BINANCEBTC/USDT BINANCE
4H hollows
A price rebound at the Golden Ratio of Fibonacci Retracement is expected, as it is the main Resistance Area.
Sideways movement between Support & Resistance Area is expected until Monday.
BTC = $16,855.78 +1.63%
13.32 ETH -2.47%
Market Cap: $846,597,962,034
24h Vol: $82,580,266,331
Dominance: BTC: 38.2%
ETH: 18.2%
Good Luck
#CryptoHellas Team
BTC Dominance went down?!What a Surprise !!
Not really. These kind of movements tend to do so. HTF looks pretty bearish for Bitcoin dominance, from a fundamental side it is possible to see retail and minor sharks going into alts in order to profit quickly which would drag the attention from BTC - But at some point it will spike when nobody's aware.
So bearish for now but would have my eye on this.
[UPDATE TOTAL2] 3 scenarios: A? B? C? It depends on CPI!I'm comfortable with all the 3 scenarios:)
A) Super rally, lower inflation, and then a new inflationary bear cycle
B) Rally, stage 3 and stage 4 of a bear market. New all-time highs in 2026 and 2027.
C) Rally, we go down less than the previous bear markets. More consolidation.
Bitcoin dominance is going back to 65% by 2025, big recessionFollowing up on the theory that markets may have a melt up in 2023 followed by a dxy bottom around 96% and a big recesion from 2024 to 2025, btc dominance could initially tank as total2 hits 3 trillion and then a big bad bear market triggers an altcoin apocalypse similar to a dotcom bubble 2.0 as governments orchestrate a myriad of Central Bank Digital Currencies being launch all around the world.
BITCOIN Analysis 10.25.2022#BTCUSD (BTC)
Time Frame : 6H (Update)
ENGLISH : Exactly according to the analysis of the previous week, Bitcoin has been felt to $18,670! (the important Demand Zone that was mentioned before) after that, it was accompanied by demand pressure and managed to grow up to $19,690! As you can see, this was an important supply range that I mentioned last week (related analysis) ! (The overall view is still bearish). The demand ranges will be $18,470 and $17,700 respectively!
Analysis Method: ICT+ Supply&Demand
SATAN
10.25.2022
(DYOR)
BTC.D - Dump!Hello my friends,
The past few days, I have only shared about ETH, about KLAY about KNC. Why don't I share about BTC.
Because when I look at BTC.D, I see it is in a bear flag and obviously this is just its retracement.
There may be an uptrend to liquidate short orders. However, the mainstream of BTC.D will be downtrend.
I am waiting for BTC. D will return to 39.25% and 36.59%.
Therefore, I believe we can start DCA of our favorite altcoins at this point.
Always put SL to secure your assets!
Let's observe!
Thank you!
ALTS ARE GOING TO GET REKT SOONCRYPTOCAP:BTC.D
well BTC dominance has formed a huge descending wedge. which means btc dominance is about to sky rocket.
which also indicates that altcoins are going to dust within few days. so please do no trade altcoins at the moment. we might see a massive dump ahead :)
Possibly Polka dot going below $6
SOL: 23
LTC: 35
DASH: 30
ETH: 600-700
also September is not really great month for overall crypto historically. so id say stay away from crypto in September. everything looks very dangerously unstable.
also please keep in mind this doesn't mean it will 100% certain. that it will happen. the market will embrace a massive pump in nov-dec hopefully.. until just don't trade :)
HNTUSDT TIME TO BUY ???Trade well, ❤️❤️ If you find this helpful and want more FREE forecasts in TradingView
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