BTC.DBased on the weekly/daily Bitcoin dominance channel, there is a possibility that we may drop to the specified range. Considering the ratio of this leg’s decline and the rise of altcoins, it can be estimated that during this bull run, altcoins with large market caps may increase by 200% to 300%, while altcoins with small market caps may rise by 500% to 700%
Feisal Baloch
BTC.D trade ideas
BTC.D Outlook UpdateI received a request to update my BTC.D outlook, so here it is:
We crossed my green support line much sooner than expected, prompting me to update the simple line into a more detailed channel. While this might suggest we’ve broken the support, I still believe we’re in an uptrend overall.
I’m watching for a bounce off the 25% dotted line within the channel, which sits around 54% BTC dominance. From there, I anticipate a new push higher as BTC targets $150K or more in Q1. However, BTC.D going down doesn’t necessarily mean bad news. It simply reflects more liquidity moving into altcoins rather than BTC. Theoretically, BTC’s price could rise even as BTC.D declines. Looking at pairs like Others/BTC or charts like Total10, it’s clear that altcoins are poised to outperform BTC for now, which would naturally cause BTC.D to drop.
That said, let’s not get ahead of ourselves. As long as we see a reaction at 54% BTC.D and remain within this channel, we can stay confident in the market’s structure. It’s important to remain calm and avoid becoming so heavily invested that it clouds your judgment.
This cycle’s sentiment has been quite unusual. Many expected a left-translated cycle, with a BTC cycle top before November 2024. As we’ve seen, this wasn’t the case, and BTC continues to climb. Similarly, many now anticipate a top in January, February, or March. In my view, it’s unproductive to speculate too heavily or to cling too tightly to specific narratives.
Keep in mind that many influencers earn their living through social media, and bold predictions often gain traction. However, markets and history tend to rhyme, which is why the phrase “this time is different” is often a meme in trading circles.
Best regards,
God bless
Bitcoin Dominance and Altcoin Season: A Cycle AnalysisThis chart represents Bitcoin (BTC) dominance, illustrating the historical and potential future market trends where altcoins experience a notable surge, commonly referred to as "alt season." This phenomenon occurs when Bitcoin's dominance wanes, leading investors to explore new projects and allocate funds into altcoins and memecoins. Historically, after significant rallies, investors often look for higher-risk, higher-reward opportunities, typically turning to altcoins once Bitcoin has peaked.
Speculative Scenarios for BTC Dominance:
The chart speculates on three different scenarios for when Bitcoin might reach its peak, subsequently leading to a drop in BTC dominance and potentially initiating a rally in smaller cryptocurrencies. These scenarios are:
Failed Cycle:
-Suggests that the top for Bitcoin is already in, indicating a potential downward trend from the current levels.
-This would lead to an immediate decline in BTC dominance, possibly accelerating the start of an altcoin rally.
Left-Translated Cycle:
-Predicts that Bitcoin will reach its peak by November 2024.
-Following this peak, BTC dominance is expected to fall, marking the beginning of an altcoin season.
-This cycle anticipates a shorter rally for Bitcoin but a quicker transition to gains in altcoins.
Normal (Right-Translated) Cycle:
-Forecasts a continued rally for Bitcoin into 2025, with a potential top around March 2025.
-BTC dominance will gradually decrease, allowing for a more extended period of gains for altcoin investors.
-This scenario aligns with expectations of rate cuts and a possible recession by winter, suggesting that Bitcoin might lag slightly compared to the S&P 500.
Personal Strategy and Market Outlook:
I personally favor the right-translated cycle theory. There is substantial evidence supporting this scenario, particularly with the anticipation of rate cuts and an economic downturn by winter. My expectation is for Bitcoin to peak around March 2025, slightly trailing the S&P 500.
However, my strategy involves monitoring BTC dominance closely. Once it breaks the green trendline and begins to fall, I will start selling my altcoins when BTC dominance has declined by approximately 15%. This approach ensures that I capture gains from the altcoin market without missing out on the selling opportunity due to an early or delayed reaction.
Balancing Certainty and Risk:
While the right-translated cycle might offer more significant gains for altcoin investors, adhering strictly to this belief without considering the left-translated cycle could result in missed opportunities. For me, securing certain gains outweighs the risk of holding out for potentially higher but uncertain returns. Therefore, I plan to act decisively when key indicators, such as the decline in BTC dominance, signal a shift in the market dynamics.
In conclusion, the BTC dominance chart provides valuable insights into the potential timing and impact of Bitcoin's market cycles on altcoins. By understanding and anticipating these cycles, investors can strategically position themselves to maximize their returns in the ever-evolving cryptocurrency landscape.
It's the king's turn, and it wants market cap dominance. Bitcoin is poised to regain market capitalization dominance. This usually means that (the majority of) altcoins will initially start losing in their sats value.
It is now a well-known phenomenon that venture capital will first pour into Bitcoin. Once people start skimming their profits, it often flows to the other top 10 coins, then the midcap coins and finally the low caps after this. That is, until the cycle is complete again and people move their capital from the low caps back to Bitcoin or eventually to fiat.
I have unfolded the Tom DeMark Sequential on this, and it flashes a 9 and even a 13, which usually means there will be a course change.
What does BTC Dominance tell?Hello, fellow traders!
This post is about the current crypto market sentiment.
As you can see from the chart, BTC Dominance has been in an aggressive decline for the last 2 weeks. It reached 61% on November 21st and is now in 55%.
While 55% Dominance is still considered moderately high, its sudden decline shows that people are gaining interest in altcoins. BTC Dominance in an uptrend suggests people are preferring BTC over altcoins due to uncertainity, fear and correction of the market. This is because BTC is safer than other cryptocurrencies. Downtrend, on the other hand, suggests people are actively seeking more adventurous opportunities.
Many of the cryptos I’ve posted last month are also showing unusual uptrends – breaking their ATH (All Time High) or suprassing MDZ (Major Demand Zone).
Crypto Fear and Greed index also reflects ‘Greed’ with the score of 75. Last week was ‘Extreme Greed’ with 84 – although it has declined slightly, 75 is still a very high score.
These indexes suggest that we are currently facing an ‘Altcoin season’.
It is very important to be extra cautious in this market condition since major demand zones and resistance levels tend to get ignored and we do not know when the correction will take place.
My advice would be to check the BTC chart regularly and trade along with the market movements. It’s probably better to diversify portfolios to include multiple altcoins rather than sticking to a few. Although I am not a big advocate for such aggressive movements, there are still opportunities in such times of uncertainties.
React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful.
God bless :)
Matthew 7 21-23
AltSeason is approaching.This analysis is an update of the analysis you see in the "Related publications" section
A sharp drop occurred after hitting the red box, indicating a post-pattern movement.
A structural change has occurred in higher timeframes, and the trendline has been lost. We do not expect a higher high (H) from Bitcoin dominance.
With a pullback to higher areas, it could experience more drops, considering that Bitcoin has been solidifying around important supply zones. With the decline in Bitcoin dominance, we expect a good altseason in crypto.
The timeframe is 3 days, and this altseason could last for several months.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Alt Season is Right Around the CornerBitcoin dominance has been growing in the past few days as it outperforms the rest of the cryptocurrency market after the sharp drop last week. Many things are pointing towards Bitcoin continuing to outperform in the short term as we gear up for the next parabolic bull market.
However, alt season is very close and, once BTC confirms it's breakout towards 100k, a lot of the large caps like Ethereum and Solana will begin to go up very quickly. This is based on my cyclical analysis of alt seasons. To get a better idea of the cyclicality of cryptocurrency, Bitcoin, and alt seasons, check out my previous post which predicts the next parabolic rise in November:
An important thing to note when referring to alt seasons is that they don't last long (only a few months). So understand your timeframe when investing over the coming weeks. Another important idea is how money tends to flow during this period. It historically starts with Bitcoin breaking its all time high and beginning to rise. During this time, altcoins tend to underperform. But once BTC consolidates and begins to go sideways, that's when the rest of the market has time to catch up. In the chart I show 4 key points:
Bitcoin
This is when BTC makes a significant breakout whether that's from a significant resistance level or its ATH. This is where BTC is outperforming 99% of the market.
Ethereum & Large Caps
BTC will begin to slow down and a lot of the major altcoins will see a big increase. This is where you can find great trade setups on the BTC pairs like ETHBTC, SOLBTC, etc.
BTC Consolidates
BTC will start to go sideways, cooling off and preparing for its next rise. From here you might see some pumps in mid-low caps. These tend to be volatile and hard to predict.
Small caps - Quick and fast
As BTC continues to go sideways, some small caps might experience quick pumps in price. Similarly, these tend to be even more volatile and hard to predict.
After this, the pattern repeats back up to Bitcoin until we reach a peak and begin a new bear market.
The cryptocurrency bull market is brewing up and alt season can offer some incredibly profitable opportunities. Plan ahead, and don't overtrade.
previous cycle - ETH vs BTC.D vs BTCBitcoin has just done the biggest dump today! from 104k to 96k. I just went through the past..
Left: ETH
Center: BTC.D (dominance)
Right: BTC
Here we have clear visibility of the rotation of funds from BTC to ETH.
We can see that on the previous cycle, after the first temporary top of Bitcoin (65k), with a bad candle closure, the dominance continued fall in down and for 2-3 weeks after, ETH registered a +70% , despite to BTC.
Hope that this could help you to stay on your ALTS plan and to don't care about the FUD you're feeling with these movements.
BTC Dominance/ eth bull market Measurement of Eth bull rally to the peak compare to btc dominance chart; attempt to time the market.
Looking at the btc D chart, trading between the 7 years zone (38% - 80% roughly). Seeing a average 44% drop in the zone can result in eth all time highs.
Looking at Eth price action, the second time btc D dropped by 44% eth rallied, eth broke last cycle ath, and made new ath. Volume did not come in until btc D rsi reach below 50 line, which are are below 50 line rn.
If we see the same move repeating, we could see a 8.5K eth confluence with 1.618 fib. I used the mean of both eth rally time range and price percentage while btc D is dropping to find a estimate of the move, which is roughly 70+ days and 60%+ in price. ( The rally can be much more significant) #ethtsunami
Keep in mind, Btc D can still move to the upside of the range before making the drop.
Please let me know what you guys think, share your thoughts with me!
Analysis btc chart
BTC Chart Analysis
In this analysis, we will delve into the current trends and key indicators for Bitcoin (BTC) to provide a comprehensive overview of its price movements.
Current Price Action
As of the latest data, Bitcoin has shown significant volatility over the past few weeks. After a recent rally that brought it to a high of , it has faced resistance at that level, prompting a pullback. Observing the daily candlestick patterns, we can identify potential support and resistance levels that are crucial for traders.
Technical Indicators
Moving Averages: The 50-day moving average has crossed above the 200-day moving average, indicating a potential bullish trend. However, if the price drops below these moving averages, it may suggest a reversal.
Relative Strength Index (RSI): Currently, the RSI is hovering around , which indicates whether BTC is overbought or oversold. A reading above 70 suggests overbought conditions, while below 30 signals oversold.
MACD (Moving Average Convergence Divergence): The MACD line has recently crossed above the signal line, which could indicate potential upward momentum in the short term.
Key Levels to Watch
Support Level: A significant support zone is observed at , where buying pressure is expected to increase.
Resistance Level: The resistance level at will be critical; a breakthrough here could open the door for further gains.
Market Sentiment
Market sentiment remains mixed, with both bullish and bearish perspectives emerging from recent news. Investors should keep an eye on global economic indicators and regulatory news that could impact Bitcoin’s price.
Conclusion
Overall, the BTC chart presents both opportunities and challenges for traders. Staying updated on key technical indicators and market sentiment will be essential for making informed trading decisions. It's crucial to employ proper risk management strategies and remain adaptable to the dynamic nature of cryptocurrency markets.
Feel free to customize specific data points or add additional insights based on your analysis!
Rising wedge retestBTC.D broke down from the rising wedge, which is a bearish pattern.
A retest of the structure is likely, and can happen 2 ways.
The bad way is that the market collapses, a black swan event etc - everyone gets scared and flies to safety and sells alt coins...
OR
BTC breaks 100k, and alt coins stay stable.
This is the best possible outcome for Alt Season to start!
bye BTC.d welcome ALTSEASON after this buyclimax we need to see a lower low , then every up move will end with agressive movement down . this analyse will be cancled if BTC.D breaks above 61.13 % or after first higher high .
now we can say we are officially at alt seasion
this is my analyse it's not a recomandation to buy or sell !!
ENJOY
we will see a reversalonce dominance touches around that 50% area we will see a quick reversal back to the upside where the btc bull market have its final from most likely end of Q1 until mid to late 2025. Remember to take profits throughout otherwise you will be have diamond hands in this market too.
Ultimate ALT Season upon us!?This weekly BTC Dominance chart shows a clear break of uptrend and retest. The Bearish Butterfly Harmonic hit the 382 and 618 targets followed by checking back to optimal reversal zone. With where we are economically in 2021 there is something to say about this alt season that will be like no other. While the market has already been insanely bullish, over the next few weeks and months the follow thru of this pattern could cause Alt Coins to explode beyond anything anyone has ever seen. This is the most opportune tune time to get with this class of assets for ultimate profitability. The harmonicity of this market is resonating with everyone in it and will only continue to expand.
BTC dominance 2024-2025(prodolzhenie prognoza po dominacii bitkoina 2023-2024)
Proshlyj prognoz otrabotal prakticheski ideal'no, nemnogo promazal po vremeni (uskorilsya), nemnogo oshibsya s metodikoj raschyota dominacii (uchyol al'tkoiny - podrobno v obnovleniyah na proshlom prognoze po dominacii). Odnako v celom prognoz pravil'nyj!
Nakaplivat' bitkoin bylo bolee pravil'nym resheniem nezheli otkupat' al'tkoiny.
Podavlyayushchee bol'shinstvo al'tkoinov obnovilo svoi minimumy k bitkoinu.
Teper' prishla pora razvorota. Tyazhelo sprognozirovat' tochku razvorota (kak eto bylo s proshlym prognozom) kak po vremeni tak i po urovnyu, odnako ya sklonyayus' k variantu chto eto proizojdyot ot 55-65% vo vremennom promezhutke konca2024 achala2025 goda. I ustremitsya v blok 35-45% k koncu 2025 goda.
!!! Etot prognoz bolee kak prodolzhenie v popytke najti mesto razvorota, a ne kak samostoyatel'nyj predydushchij prognoz. Ya by ne stavil mnogoe na nego, odnako tendenciya dolzhna byt' yasna - gryadyot al'tsezon.