Bitcoin dominance is ready to dieRetail thinks this cycle is going to play out like 2021 because most weren't here to witness 2017 and now tradingview free version doesn't allow you to see any data before May 2021, so everyone is going to be so scared and traumatized in March, that they'll think it's better to tether 50% and buy Bitcoin only, then you'll see Bitcoin Dominance drop dramatically starting April, all through May with some chop first week and finally an alts peak on June 14th. Some Alts will pull off a sweet 2000%
The big obstacle for retail is many no longer have access to 2017 data.
Pay attention to Litecoin, it looks identical to its own price action of April end of 2017.
Shorters are going to get super rekt because they are over confident now, they are getting wet and over horny here calling the great depression too early.
Most will get sidelined and double rekt on the upside due to the PTSD of 2019, 2020, 2022, 2023 and 2024.
Also pay attention to Bitcoin pairs, top 50 alts are green right now,
OTHERS.D has more than bottomed and is ready too.
Altseason is very close, but I suspect March will start with a relief pump and will then be boring flat month.
Start of April will kickstart true alt season.
May will be euphoric
Better sell by or before June 14th.
That's the top for altcoins.
Bitcoin top is hinting a July 4th peak.
Other low alts will moon in August.
Btcdoomed
BTC.D - dominance analytics. Ready for an uptrend?Greetings to all cryptomaniacs!
Let's analyze the movement of BTC dominance and analyze further expectations from the cryptocurrency market!
We saw a downward movement in the dominance of BTC with reaching the level of 57, 35, after which the dominance showed a local upward movement.
What can be expected in the future?
Now a pattern has been formed on the chart - an inverted "Head and Shoulders" and upon breakdown and consolidation above the level of 60, 31, the dominance will continue its upward movement to the levels of 61.66 and 63.07. It is necessary to observe how dominance will pass level 61, 66. Since this level coincides with the middle border of the channel, and also the moving average approaches it, which will act as additional resistance in the upward movement of dominance.
What does this mean for the cryptocurrency market?
An upward movement of dominance can mean the same as a downward movement in the cryptocurrency market: BTC and altcoins. The fall of altcoins is faster as a percentage of BTC. So dominance can grow.
Or an upward movement in the cryptocurrency market. The upward movement of BTC in a certain period of time will be faster as a percentage of altcoins. Thus, the upward movement will show dominance.
My expectations from the cryptocurrency market according to the BTC timeframe, which I will talk about in my next upward movement idea!!!
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Disclaimer!
I do not give entry and exit points.
I share with you my opinions and ideas, which may differ from yours.
BTC.D - let's go according to plan !!!Good day to all! We are going according to plan. We came to the first resistance and we are expecting a correctional wave B. Altas will most likely go for correction.
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