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Btcdominanceanalysis

Dominance & Altcoins- This graph is purely based on fibonacci law. - 61.8% is the core of the system ( check rectangles in graph to get it ) - Most of long term traders not even look at the price. - they just wait the good time to buy using Fibo. - in 2016 BTC was almost 100%. Altcoins were inexistant. (less than 2% of the market with ETH) - in 2021 BTC Dominance pushed to 75% (altseason followed the push) - in 2024 we could see BTC dominance knocks 60% ish ( Altseason will follow ) - BTC is maturing. - Cryptos are growing. - Don't look too much at your altcoin wallets. - Most of the time the story repeats itself. - Respect the cycle, be patient and eat noodles! Happy Tr4Ding !
CRYPTOCAP:BTC.DLong
by thecryer
34
BTC.D Chart Idea - ALT Season Coming?BTC.D already broken the rising wedge in May/June this year and now retested strong weekly resistance at 57.17% in the first week of Aug this year when global markets went down. IMO, it was a capitulation event for this year before the next big leg up in all assets. A lot of people are concerned and asking about the ALT season this bull market. I believe this market is doing the same as it did back in the previous cycles. Once the BTC.D starts going down, you will see crazy pumps 50-100x pumps in low caps, 10-20x in mid caps, and 4-5x in higher cap coins. IMO, we will see the ALT season very soon and it can start as early as the first of week of Sept or can even further take 3-4 week, but we are just right there. Hang on to your coins guys if you had bought in the bear market. NOT A FINANCIAL ADVICE. DYOR!
CRYPTOCAP:BTC.DLong
by smwajeeh
Understanding Bitcoin DominanceHello, Traders! Have you ever wondered what Bitcoin Dominance (BTC. D) means? It’s not about Bitcoin ruling the world, but it's close! BTC. D is a measure of Bitcoin’s market capitalization relative to the total market capitalization of all digital assets. In simple terms, it's Bitcoin's share of the entire crypto market’s value. Historical Context When Bitcoin launched in 2009, it was the only digital currency around, so naturally, it made up 100% of the crypto market. But things started to change. By 2013, the first wave of alternative coins (altcoins) hit the scene, shaking things up. Then came Ethereum in 2015, introducing Ether (ETH), Bitcoin’s closest rival. The big shakeup happened in 2017 with the Initial Coin Offering (ICO) boom, which saw Bitcoin’s dominance drop to an all-time low, only to rebound shortly after. And why should you bother about BTC Dominance? Well, it is an important indicator of market direction. If BTC. D is high, which usually means investors are playing it safe and sticking with the tried-and-true king of crypto. A drop in dominance often signals that investors are exploring altcoins, which can indicate a 🐂 market phase. Essentially, understanding BTC Dominance helps traders gauge the market's risk appetite and make informed decisions. The Rise of Altcoins The Altcoin Era started seriously in 2011. That said, Bitcoin did not lose its grip despite numerous entrants and kept around 95% of the dominance. However, the tide began to turn in 2015 with the introduction of Ethereum. But until the ICO frenzy of 2017, which was characterized by many new projects coming up, hence highly diluting its market share, Bitcoin stayed dominant for years on end. The ICO Boom and Crypto Winter The ICO boom from 2017 to 2018 brought thousands of new tokens and billions in investment, causing Bitcoin Dominance to plummet to around 37% in early 2018. However, many ICO projects lacked fundamentals, leading to a market crash known as the “Crypto Winter.” This period saw a significant decline in altcoin values and a recovery in Bitcoin Dominance, which climbed back above 50% by the end of 2018. Bitcoin’s Resurgence and the COVID-19 Market In 2019, Bitcoin saw a slight price recovery, peaking at 70% dominance in September. The onset of the COVID-19 pandemic in 2020 triggered a massive 🐂 run in the crypto market. Bitcoin Dominance hit 72% in January 2021, only to fall to 42% by mid-2021 as altcoins gained popularity. COVID-19 saw many people turn to day trading and investing, with significant funds flowing into crypto markets, including altcoins. Recent Trends and the Future So, Bitcoin Dominance has struggled to climb back over 50% in recent years (2021-2024). Cryptocurrencies like Ethereum, for example, are no longer just alternatives — they’re strong contenders. Each brings something unique to the table, whether it’s smart contracts, lower transaction fees, or faster transaction times. Investors are no longer putting all their eggs in one basket, either. Technological advancements are another game-changer. Many altcoins are adopting advanced technologies and consensus mechanisms that make Bitcoin’s Proof-of-Work model look a bit outdated. Think about Ethereum’s transition to Proof-of-Stake and its new Layer 2 solutions. Thoughts? So, maybe it’s not just about Bitcoin anymore? The entire cryptocurrency industry is evolving, with altcoins carving out significant niches and attracting massive investment. The growth of the altcoin market has undoubtedly eaten into Bitcoin’s market share, but Bitcoin remains the leader in terms of market cap.  Many investors still see Bitcoin as “digital gold” due to its finite supply. However, history has shown that being first doesn't guarantee perpetual dominance. Whether another cryptocurrency will rise to challenge Bitcoin’s top spot remains to be seen. As we continue to watch the crypto market evolve, remember that every piece of information can be valuable. DYOR. As the saying goes, “The time spent gathering information is never wasted?”
CRYPTOCAP:BTC.D
by WhiteBIT
The BTCDOM/USDT chart shows Bitcoin's dominance in the marketThe BTCDOM/USDT chart shows Bitcoin's dominance in the market, with current trading levels around 2,782.5. The price action has seen significant movements, including sharp rises and corrections, indicating a highly volatile market. Key Points: Support and Resistance Levels: The price recently tested a high (HH) near 3,005.8 but faced strong resistance, leading to a correction. Support has been identified around 2,754.8, where a recent long position was initiated. This level could serve as a crucial point for further upward movements. Recent Trade Setups: A long position was taken at 2,754.8, aiming for multiple take profit (TP) levels. The first TP level at 2,734.8 has been hit, and the price is now approaching the second TP at 2,714.9. A short position was also entered near 2,763, but the price has since moved higher, possibly hitting the stop loss (SL) at 2,834.4. Current Scenario: The price is currently in a consolidation phase, moving between the key support and resistance levels. If it breaks above the recent high, it could retest the resistance around 2,834.4 and potentially move towards 3,000. Conversely, a break below 2,754.8 could lead to further declines, with potential targets around 2,688.4 and 2,635.3. Potential Targets: On the downside, the price might target the levels of 2,688.4 (TP3) and 2,635.3 (TP4) if the current support fails to hold. On the upside, the key resistance levels to watch are at 2,834.4 and above, which the price needs to overcome to resume a bullish trend. Conclusion: BTCDOM/USDT is at a critical juncture, with the price testing key support and resistance levels. Traders should monitor the price action closely for a decisive breakout or breakdown, as this will determine the next significant move. Holding above 2,754.8 could indicate bullish potential, while a fall below this level might lead to a deeper correction.
Short
by RICHI_CRYPTO_SIGNAL
BTCDOM at the threshold of a strong impulseA very interesting situation is now observed on such a ticker as BINANCE:BTCDOMUSDT.P - bitcoin dominance index released by Binance. It differs from CRYPTOCAP:BTC.D in that it shows bitcoin dominance to the top 20 altcoins. On the weekly chart of BINANCE:BTCDOMUSDT.P there is a very old AMEXP model from June 5, 2023, which essentially describes the entire current uptrend on this index. So within this model there was a target value of 100% level (2625.1), which has been a resistance for 112 days and during this time there were 4 attempts to test it. In case we see a breakout, there may well be a very strong impulse, which will be accompanied by great volatility in the market. What two scenarios could work at this point? 1️⃣ Index growth will be due to the fact that the top 20 altcoins will stand still/fall on the background of INDEX:BTCUSD growth. 2️⃣ Index growth will be due to the fact that the top-20 altcoins will fall faster than INDEX:BTCUSD will fall.
Long
by TSFC
BTC.D - 2024 Q3 - Q4 [Forecast]I'll tell you what will happen. In the coming days / weeks, BTC will go down, approximately to levels between 55,000 and 65,000. Altcoins will go with it, some more, some less, as usual. So now we are selling and opening shorts - I'm serious. Then, after the drawdown, we close the shorts and buy BCH, RLC, TWT and API3 (other opportunities will appear over time - stay tuned for ideas) and hold them until the end of the "alt-season". And what will happen next, 100k or the abyss, we will tell you later. Always yours, Mark Cryptex
CRYPTOCAP:BTC.DShort
by markcryptex
3
#BTC.D Altcoins Dumping?? This is what you need to know!Here's the current dominance chart. Notice the breakdown? This move appears to be more of a retest and it's nearly complete. That's why I'm accumulating some altcoins during dips. Futures trades are risky right now, so I'm holding off on sharing much in that regard. We need to wait for a strong rejection, which seems likely to happen soon. Patience is key, everyone. This is the move we've been anticipating for a couple of years. Let me know what you think in the comments section. Please hit the like button, Thank you #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
9
Chart Idea - BTC.DBTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
CRYPTOCAP:BTC.D
by smwajeeh
7
#ALTSEASON is knocking the door! Are you prepared??#BTC Dominance: The Moment We've Been Waiting For. The true alt season begins when ALT/BTC pairs start displaying strength, and I believe we're already seeing signs in several altcoins. I'll be sharing more details soon. The liquidity exiting the market is poised to flow into solid altcoins. You have to be patient, No FOMO! Follow me if you don't yet, and hit the like button if you find my insights helpful. When I start entering the altcoins, you'll be first to know! Be patient. Stay strong folks. #Crypto Do hit the like button if you like it and share your views In the comment section. THANK YOU #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
10
did you notice what's happened in BTC.D (bitcoin dominance) hereafter good jump from 53.76%, we faced our big resistance which percent is 56.09% then we saw a good correction from what we bounced . here we are again at that strong support line which is 53.76% we have two scenario for future: 1.we break down that support line(53.76%) which can cause our btc dominance weakness 2. we break up that yellow range and start another leg up to 56.09% why should we analyze BTC.D chart? watch and analyze this chart will give you a good insight for understanding where is money going throw , bitcoin or alt coins.
CRYPTOCAP:BTC.D
by heerej887
1
#ALTSEASON CHEAT Sheet 2024! When to ENTER ALTS???Hello everyone, welcome to the article! I'm Cryptorphic, and since 2018, I've been accurately predicting BTC Bottoms and Altseasons. I'm eager to see if we can do it again this time! Those who've been with me for a while know this isn't about boasting, but rather about getting your attention on the right track. By the time you finish reading this article, you'll have a good idea of how and when you can enter Altcoins! If you want to see my track record, check out my past dominance charts from 2018 onwards! Altcoins are currently trading 50% to 70% down from their recent highs in February and March. Is it the right time to enter altcoins, or should we wait? All your questions will be answered here! BTC dominance is currently facing rejection on the weekly chart around the 57% resistance, now trading at around 54.20%. Even though this rejection is visible in the chart, altcoins aren't moving much. Historically, May has been bearish, so the next few weeks will be important for altcoins. When to Enter Altcoins: This is probably the right time to start scaling in with small fractions. You won't be able to enter every altcoin you like exactly at the bottom, so we DCA! I've already made a list of 15 altcoin gems which I will post soon, so follow me if you don't already! And make sure we are connected on other platforms too. Best Time to Enter Altcoins: Technically, May is Bearish for the whole crypto market. And it brings opportunities! If BTC dominance somehow pumps and touches the 60% level, we will see the final dip in altcoins.This will provide us with the best entry possible in altcoins, where we will enter hard. I am patiently waiting for that to happen. I am expecting this to happen in the next 2 to 4 weeks. This means May and the beginning of June will be the time to accumulate Altcoins! Keep in mind that most of the time traders make money is when most of the people aren't really interested in the asset, which applies to altcoins in the current scenario. Conclusion:- Dominance is expected to touch a high point of 60%+, signalling potential opportunities in many altcoins. Our goal is to accumulate the best altcoins that haven't seen significant pumps yet, backed by reputable VCs, and featuring solid tokenomics and on-chain metrics. It's also essential to evaluate multiple factors like the team, token unlocks, inflationary and deflationary aspects, and more. If you're unsure about how to navigate this, just follow me for future updates! Always do your own research, This is not Financial Advice! If this post brought you value, please hit the like button. Your likes and comments keep me and my team motivated. Thank you. #PEACE
CRYPTOCAP:BTC.D
by Cryptorphic
8
Chart Idea - BTC.DBTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
CRYPTOCAP:BTC.D
by smwajeeh
🔥Understanding Altseason: Timing and Duration🚀✍️Altseason refers to a period in the cryptocurrency market when alternative coins (altcoins) significantly outperform Bitcoin. This phenomenon typically follows Bitcoin’s halving events, as capital begins to flow from Bitcoin into altcoins. The most notable Altseasons occur when ALT/BTC pairs gain strong market traction. ✍️The duration and intensity of Altcoin bull runs can vary, often featuring multiple Altseasons within a single crypto bull cycle. The most prominent Altseason generally occurs after the peak of Bitcoin’s bull run, coinciding with a surge in market participation. This phase often sees exponential growth across the board, affecting cryptocurrencies regardless of their market cap. ✍️Analyzing the Bitcoin Dominance (BTC.D) chart reveals potential resistance levels between 57.23% and 58.2%. A rejection at these levels could be the catalyst for a widespread rally in the altcoin market. Historical Perspective on Altseason: - 2016 Altseason: Lasted approximately 546 days. - 2020 Altseason: Spanned nearly a year, marking a 33% reduction in duration compared to 2016. - Projected 2024 Altseason: Expected to last about 273 days, beginning between the last week of May and the first week of June 2024. Conclusion: The current trends in BTC Dominance, alongside historical data, suggest that the next Altseason could begin within the next 6 to 7 weeks. Any market corrections during this period could offer strategic buying opportunities. Note: Always conduct your own research (DYOR). The above analysis is not intended as financial advice. Please hit the like button and share if you find this helpful. I suggest bookmarking this chart for future reference. #Altseason #BTCHalving
CRYPTOCAP:BTC.D
by Cryptorphic
6
The King iz dead - long live the King!Hi mates! Im fine, thanks :) The spirits of the forests and the imperial stormtroopers clashed in a fierce battle and the light of their suffering and rage illuminated the direction where the Great Ancient was stealthy heading. I saw it and sketched it here to bring you the truth! BEHOOOOLD! Thy worshiperz of the Elderness will consider this heresy, but it is not!! - accept the true world without fear, but with understanding. And if this happens, press the rocket button ;)
CRYPTOCAP:BTC.DShort
by zikkuratt
BTC.D ( dominance ) end of the yearhello dear trader and investors btc.d under the strong resistance + there are RTM pattern price action on this chart ... i think( btc.d) ready for correction and it can testing the PRZ zone on fibou 0.618 + dynamic suport zone and mini altseason began ... What is altcoin season? The season of altcoins, or simply “alt season”, is a market cycle in which the price of a significant number of cryptoassets, which are different from BTC, have better growth indices than the above currency. good luck
CRYPTOCAP:BTC.DShort
by mehdi_kb
BTCDominance Elliott Waves Analysis (Time to Fall)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Target zone: 47-45% risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
CRYPTOCAP:BTC.DShort
by trytofeelpositive
5