BTCDominance Elliott Waves Analysis (LONGTERM)Hello friends.
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Everything on the chart.
The minimum requirements for the formation of an impulse in wave (C) have been completed.
Confirmation of fall - 54%.
Alternative: one more upward movement in 58-60% zone, then trend reversal.
Longterm target zone: 35 - 30%
It's not financial advice.
DYOR!
Btcdominanceanalysis
🔥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.
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I suggest bookmarking this chart for future reference.
#Altseason #BTCHalving
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 ;)
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
Pay Attention!!! BTC Dominance... Descending Triangle!CRYPTOCAP:BTC Dominance!! Pay Attention...
Currently in a Descending Triangle at 53.8%
Every time #btc dominance reaches the angled resistance of the trendline, it rejects!
Will the same this happen?
CRYPTOCAP:BTC dominance has been on a rise since Nov 2022 till now... this has accounted for the rise in the price of Bitcoin!
If Trendline is rejects, ALTCOIN SEASON!!!
BTC Dominance BTC Dominance
The 52% level is a critical critical resistance level.
I shared this chart many months ago and this is an updated one. Its interesting that RSI continues to let us know when a pull back is likely.
It is a very simple chart but it might explain the current price action, we can still threaten the 52% very quickly at any stage but something tells me it might take a fair but of pressure to break through it.
PUKA
BTCDominance Elliott Waves Analysis (Time to Fall)Hello friends.
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Everything on the chart.
Target zone: 47-45%
risk is justified
Good luck everyone!
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BTC dominance ready for testing 44.40 %hello dear traders
this is advanced price action of bitcoin dominance
Where Will Quasimodo Generally Appear?
Quasimodo pattern appears at all time frames. It occurs always after a significant rally. Then the market is manipulated to create liquidity. Where the retail traders are captured, the profitable trading opportunity is created there. Quasimodo is very reliable if used properly and can be seen on every timeframe from daily down to 1 min charts.
What Should Be Remember To Trade QM Efficiently?
Always look for fresh Quasimodo Demand/Supply zones, which are not tested yet.
Make sure the distance between QML and MPL is not too high. If the distance is so high, risk will be increased and the Risk Reward Ratio will be poor. So, when the zone is small, the risk is also small and the expected reward is big.
Never ignore level over level.
QM is more powerful when an authentic opposite zone is engulfed.
You can enhance your day trading strategies using this price action pattern.
good luck
BTC.Dominance Elliott Waves AnalysisHello friends.
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Everything on the chart.
Nothing has changed, everything according plan.
Main Target zone: 45.5 - 44.5%
cancellation of scenario - consolidation above 48.9%
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It's not financial advice.
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Open to any questions and suggestions.
BTC.Dominance Elliott Waves AnalysisHello friends.
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Everything on the chart.
Until we above 49% i still wanna see decreasing in zone +-45%
cancellation of scenario - consolidation above 49%
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It's not financial advice.
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BTC Dominance, Get ready for Altcoin party 🥳🎉. BTC.DHello guys, Consider Bitcoin market cap to help identify market movement and the Altcoin season. To altcoin party we need money flow from bitcoin to other coins which we can see this on the chart now. So we have to wait for it to break 47% and complate the reversal pattern, and on the condition that the price of Bitcoin does not fall too much and stuck in trading range.
Good luck.
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Salam doostan aziz, chart arzesh bazar bitcoin hast ke be zire moghavemat khod reside. in chart ro baraye tashkhise harkat bazar va alt season dar nazar begirid. baraye altcoin party ma niyaz darim ke pool az bitcoin be coin haaye diger montaghel shavad ke hala in ro daram rooye chart mibinim, pas bayad sabr konim baraye shekaste shodan 47% va kamel shodan olgo bargashti, va hamchenin be sharte inke gheymat bitcoin ham rizeshe ziyaadi nadashte bashad va renj shavad.
moafagh bashid.
like va follow faramoosh nashe :)
BTC.Dominance Analysis (time to fall)Hello friends.
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Everything on the chart.
Like for me, we're completed our upward movement in form of ending diagonal
Time to decrease, minimal target zone 45.5 - 44.5%
cancellation of scenario - 48.5%
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BTC.Dominance Elliott Waves Analysis (LONGTERM)Hello friends.
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Everything on the chart.
Like for me, we are finishing the correction in wave (ii), after which I expect a global decrease in dominance.
Target zone: 33-30%
cancellation of scenario - consolidation above 48.5%
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
BTC.Dominance Elliott Waves Analysis (LONGTERM)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.
we completed the correction in wave of (ii), now I expect a decreasing dominance in 33-30% zone,
cancellation of scenario - consolidation above 48%
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
BTC.D gonna skyrocket while the SEC is gonna go after S***coinsBitcoin fails the Howey Test, because it is the only (crypto)currency without an issuer (government, corporation or "foundation"). Therefore, it is considered a commodity by US law.
Every other altcoins passes the Howey Test. That means that other cryptos are actually securities in the eyes of the US law.
But these securities aren't registered to the SEC, so they are actually unregistered securities, which are illegal in the US.
The SEC just started going after those unregistered securities and will probably go against them even harder with time.
This is very bad news for all altcoins.
Moreover, using the Wyckoff Method on the Daily chart to conduct our price analysis, we can see that it looks like we have an accumulation going on BTC.D.
BTCDOMUSDT SHORT ENTRYHere we can see that "BTCDOMUSDT" in 1 day time frame has a trendline resistance at "1432" and a support zone at "1341". If the price takes rejection from the resistance zone we can look for a good SHORT TRADE here. Entry zone at "1432" with a Tight Stoploss at 1455" ans a Target of "1340".
ENJOY!!!!!
BTC.Dominance Elliott Waves AnalysisHello friends.
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Everything on the chart.
Nothing has changed from my last (LONGTERM) idea.
Earlier, I assumed a decrease in the dominance of bitcoin to the level of 40% in wave (b),
which, as you can see, we got. Now I expect a wave (c) somewhere in ~44% area.
We already reached minimal target for completed our wave of (c).
After which ending diagonal will completed, i expect a global decline in dominance will begin with a target zone of 35-30% and liquidity will be poured into altcoins.
confirmation of fall - 40.8%
Good luck everyone!
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BTC.Dominance Elliott Waves Analysis (midterm Expectations)Hello friends.
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Everything on the chart.
Nothing has changed from my last (LONGTERM) idea.
Earlier, I assumed a decrease in the dominance of bitcoin to the level of 40% in wave (b),
which, as you can see, we got. Now I expect a wave (c) somewhere in ~44% area.
After which, a global decline in dominance will begin with a target zone of 35-30% and liquidity will be poured into altcoins.
Target zone: 43-44%
cancellation of grow - consolidation below 39%.
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
BITCOIN DOMINANCE: A RALLY EXPECTED!Shalom traders! I hope your weekend went well. Another week we ended up with some good profits and BTC still holds the support level. Today, we will analyze the BTC dominance chart and what this could mean for the market.
Timeframe: 3 days.
Update: BTC dominance has been a helping hand for the traders to analyze the upcoming move on BTC. As we can see in the chart that the BTC.D is under a trendline and it has been beautifully following it. According to the chart, we can expect a rally on BTC.D in the upcoming days which means BTC and altcoins in the BTC pair may possibly rally. The invalidation point will be the lower supporting trendline at 38.8%.
That's it from my end.
Thank you.
BTC.Dominance Elliott Waves (LONGTERM)Hello friends.
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Everything on the chart.
Target zone: 35-30%
cancellation of fall - consolidation fix price above 48%.
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTC Dominance heads and shoulders patternYes, it's early to predict but we have left shoulder, head only right shoulder is missing but in future we get the rights shoulder as well then we saw the downtrend rally and in the other hand BTC rally will hopefully in uptrend so, keep on eye on Dominance and trade safely
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