DescensionIf btc dominance does not manage to break out of this descending channel and the resistance stands as it is, there’s a chance dominance will drop to the bottom of the descending channel giving the Alts some room for breathing.
BTC.D trade ideas
#BTC.D 6H Chart
Bitcoin dominance is still ranging inside the 4h breaker zone. It needs to break above the previous high at 54.23% in order to expect further bullish movements.
Bitcoin Dominance to lose uptrendThis is the 2nd time BTC.d has broken the trendline and this time it was a deeper drop.
it may rally one more time creating panic in the market.
or drop fast because the market is kind of desperate already
BTC.D is so close to the local peakWe are nearing the end of the rise in Bitcoin dominance, and the decline that will begin will be the beginning of the altcoin bull season.
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Bitcoin Dominance Index - Altcoin Season (weekly time)Bitcoin Dominance Index - Altcoin Season (weekly time)
according to the chart:
1- From the bottom of 39.57%, a strong five-wave pattern was formed up to 55.44%, and with the completion of the 5th wave, this movement is over.
2- $52,000 bitcoin is not compatible with the current price of altcoins, and altcoins owe a move to the market, which has been braked by Dominance up to now.
2- The prediction correction pattern for this abc movement is according to the chart, which can be started with the completion of wave B and the start of the reversionary correction wave C.
3- wave c; It can continue at least until the specified target of 48.89%
4- Depending on the chart structure of each altcoin, we can predict a powerful wave and a new ceiling for altcoins.
ILV (Y24.P1.Video1).Key breakout levelHi Traders,
Here is my thoughts on ILV along with looking at TOTAL3 and BTC.Dominance.
Please give me a like and share,
Regards,
S.SAri
BTC.D possible retracementBTC.D is near from resistance. I expect retracement here and because of that some grow on ALTS.
Analyzing Bitcoin Dominance (BTC.D) & the Altcoin Rally ForecastThe Bitcoin Dominance chart reveals a bearish divergence on the 3-Day chart, a signal we previously highlighted in our analysis. Since then, BTC.D has engaged in a range-trading dance, marked by the emergence of a Lower Highs and Lower Lows pattern. The plot thickens as BTC.D approaches the downtrend trendline, poised to act as formidable resistance.
Should this trendline hold its ground, especially if the daily close remains below, we anticipate a substantial drop in Bitcoin Dominance. Our eyes are keenly fixed on the key support area ranging between 44-45%, a critical zone aligning with the 61.8% Fibonacci retracement level. Yet, in case of the decline, first we must not overlook the significance of the 49% demand zone.
The broader picture paints a compelling narrative—we stand at the precipice of a potential altcoin rally. The unfolding scenario hints at the very beginning of a transformative phase, with the possibility of many coins doubling in price.
Bitcoin Dominance is bullishBitcoin Dominance is Bullish.
We just broke-out of a correction cycle, with the WXY correction cycle complete, after we had liquidity @51% which signalled a bull continuation, @52% we have another signal for the bullish move continuing.
Just thought i should share, as this helps with also understanding why Bitcoin might be going up in confluence with the fundamentals.
The BTC/ETH Rotation BTC has a cheat-code in being the only US spot-ETF approved coin on the market. I think this continues to fuel its upwards dominance in the short-term.
Mid-term, crypto-native folks take profits, providing oxygen for altcoins, and a subsequent alt-season. ETH spot-ETF is also the big wildcard, but one has to assume it has a chance of passing (regardless, with ETH lagging in price, there's lot of room to fill).
Markets are dynamic journeys, not linear sprints.The market's dance is a complex waltz, not a straight-line dash. Ideas, fueled by innovation and market forces, often blossom slowly, requiring patience and a keen understanding of different timeframes. While the allure of catching the exact bottom or selling at the precise peak might be tempting, it's important to remember:
Long-term vision prevails: Your investment journey should be guided by a well-defined plan, one that considers your individual goals, risk tolerance, and the fundamental strengths and potential growth paths of the assets you choose. Don't fall prey to short-term fluctuations or the fear of missing out (FOMO).
Timeframe is your compass: Day traders dance to the rhythm of minutes, while value investors follow the melody of years. Each strategy has its place, but aligning your approach with the timeframe it's suited for is crucial. Imagine trying to analyze a company's long-term prospects based on hourly price movements – it's simply not the right tool for the job.
Reality over rainbows: Remember, markets are inherently volatile, and expecting guaranteed outcomes is like chasing a pot of gold at the end of a rainbow. Instead, focus on making informed decisions based on sound research, risk management strategies, and a realistic understanding of potential returns and setbacks.
Long-term (Years):
2011: Imagine buying Bitcoin at around $1 in 2011 when it was still a nascent technology. While there were many ups and downs in the years that followed, holding onto it through various market cycles would have resulted in significant returns despite not catching the exact bottom. This exemplifies a long-term investment strategy based on believing in the potential of the technology.
2021: Even if you bought Bitcoin near its all-time high of $69,000 in November 2021, with a long-term perspective and a belief in its potential future adoption and value, there's a chance it could still generate returns over the years, provided the underlying technology and adoption continue to grow. This emphasizes the importance of considering your investment horizon and risk tolerance.
Mid-term (Months):
2023: In June 2023, Bitcoin dipped below $20,000. A swing trader might attempt to "buy the dip" based on technical analysis suggesting a potential trend reversal and hold for a few months in anticipation of a price increase before selling. This highlights the use of technical analysis and shorter-term strategies, but still within a broader context of understanding overall market trends and risk management.
Short-term (Days/Hours):
Scalping: A day trader might try to capitalize on intraday price fluctuations in Bitcoin within minutes or hours, using technical analysis to identify quick entry and exit points. This showcases a highly active and risk-intensive strategy requiring advanced knowledge and skill, not suitable for everyone.
Key takeaway:
These examples illustrate how different timeframes require different approaches and risk tolerances. It's essential to choose a strategy aligned with your goals, knowledge, and risk tolerance. Remember, even within timeframes, there are no guarantees, and past performance is not necessarily indicative of future results.
Are ALT's Ready To Appreciate? Millions Want To KnowWe don't yet know the answer to the question but we can watch BTC.D and I find this channel very interesting. For those that don't know, be aware, this is NOT a predictive chart, this is an observational chart. Don't use this chart to predict and front-run a trade, use it for confirmation of likelihood IMHO.
Bearish Crab 1D BTC.Dthere is a Bearish Crab 1D pattern on BTC.D chart. after that we will have a alt season.
on D point we should trade per btc instead of pair usdt.
Perhaps time to take some BTC off the tableBTC dominance making a run for resistance
A little profit taking never hurt anyone
If still bullish, can always rotate into alts
Not financial advice
$BTC.DIf BTC dominance rejects here, I am expecting a mini alt season/pump.
After that another BTC pump (maybe to previous ATH) followed by another alt pump.
I'll update this in the summer, if wrong, delete :)
BTC will go up again to ATHBTC will go up again for now and drop once BTC Dominance hits .618 (60.3%). That's when alt season starts.
POTENTIAL ALTCOIN SEASON (UPDATE)I believe that there is no more than one week left before the denouement, a maximum of 2 weeks.
Either the altseason or a big drop in altcoins.
As you can see, both dominance charts confirm this.
POTENTIAL ALTCOIN SEASONWith the successful breach and consolidation above the trend line this week, the dominance is poised to sustain its downward trajectory.
In this scenario, a potential altseason is anticipated, albeit in a more nuanced and compact form.
Upon reaching the 48% threshold, a strategic move would involve securing 50% of portfolio positions.
This proactive step aligns with a deliberate risk management strategy amid the evolving market dynamics.
Shifts in Market Cap, Bitcoin's Path, and Rising DominancePlease check the last 2 ideas about Total market cap and BTC price first. this is continuation on them.
The BTC dominance chart adds an intriguing perspective, showing an untested break below a significant support zone, suggesting BTC's market dominance could increase to 57%-60% in the short/medium term. This aligns with ongoing discussions about BTC's inclusion in ETFs, possibly lowering BTC prices to attract ETF investors and validate the inclusion of crypto in these funds.
Conclusion: In the short to medium term, we might witness a reduction in the overall crypto market cap and Bitcoin prices, potentially increasing BTC dominance. This aligns with the broader market strategy of preparing for multiple scenarios, ensuring readiness for any market movement.
Disclaimer: This analysis reflects my perspective and should not be the sole basis for your trading decisions. Always prioritise risk management and remember that trading involves risks.
BTC.D about ready to tumble. AltSeason soon.Rising wedge breakdown
Bounces off 20week
retests rising wedge
Falls below 20week
Bounces to retest 20 week.
The next few months should be good.
BTC.D - technical analysis on the weekly chartThe BTC.D chart is very important to watch on the crypto market. It can predict an alt season or bitcoin season. Right now, I am expecting a bearish pullback to the rectangular formation and, after that, a bounce. If the price falls inside the rectangle, I become very bearish on the BTC.D chart. The price is currently below the main trendline, which is of course a bearish sign, but we need more confirmation.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
