#BTC.D 4H Chart
Bitcoin dominance is still constantly getting rejected off the resistance around 52.4%. It is expected to break through this resistance and keep moving upwards towards the next area of resistance at 52.9%.
BTC.D trade ideas
BTC.D BTC Dominance 3D chartAll of my targets done. So what about now?
Now it is heading toward 55.04% and 56.24%
When is the altseason?Many people are waiting for the growth of altcoins, which does not happen in any way.
Judging by the dominance, we are drawing a rather interesting and very working formation - 3 vertices or 3 drive patterns.
Also, if we use classical technical analysis, then the dominance in the area of 57%-58% has a large level of resistance, which should meet us with a pullback.
I add all this with a weekly histogram, which always accurately indicates the upcoming reversal.
The only thing is that after carefully studying the charts of altcoins, dominance and Bitcoin in past cycles, I saw that altcoins did not grow at all.
In other words, there was no altseason at all, until Bitcoin updated its historical high.
Thus, it makes no sense to expect some wild altseason, it simply won't be given.
But potentially, altcoins can still grow a little, waiting.
BTC.D WILL NEVER REACH 58% EVER AGAIN AND/OR HOLD IT.The statement is made to stablish what I believe is obvious, but considering what I've been learning from all on CT, this is my opinion of course, not financial advice.
BTC market share around 10T Total Market Cap would reach maybe 3.3 on present cycle, where ETH may reach 1.1 with SOL.D above it by small % maybe reaching 14% on a very tiny window.
All behaviour of Altcoins Dominance regardas past cycles is suggestion the market share is going to expand (logic) and the race would be to hold above 10% and for BTC to hold AND sustain, above 25%.
I Believe BTC will touch the base of the Fib Channel, around 14% meanwhile the window closes and the market shuffle is over.
Happy Harvest.
📈 Bitcoin Dominance Major Drop AheadWe have a large combination of major signals on the Bitcoin Dominance index chart.
Let's look at these one by one, together...
If you enjoy the trade idea you can boost and comment, that's all that is needed to register your support.
Bitcoin Dominance Turns Bearish
When engaging in technical analysis, we always focus on a mixture of systems, we do the same across all professions. We take the best of each method and combine it to get the best possible in this world...
So we start with candlestick reading, the first signal, very strong even when considered on its own.
➖ On the 4th of December 2023 we have a shooting star. This signal can show up at the top of a trend.
We can see the highest reading since April 2021, 2.5 years.
The next signal confirms this one as the top of a bullish wave.
➖ This is followed by the bearish engulfing pattern. This pattern includes two sessions, 1-Jan and 8-Jan.
The week 8-Jan takes the full space of the previous week. It wicks higher and the real body is bigger on both the open and close.
➖ The bearish session 8-Jan pushes the index below EMA10, has the highest bear volume since November 2022 and is also a lower high compared to the shooting star. All these signals add further strength to the previous two while at the same time can be considered on their own.
This is a total of five strong bearish signals working together.
The current price action is happening below EMA10, a small bounce and minor development that does not alter the bearish potential.
➖ The Head & Shoulders pattern is a top formation.
When this signal shows up it can signal that the top is in.
➖ The Renko chart is showing a clear top pattern and the action moved below EMA10 and EMA21; Multiple bearish signals combined.
➖ Broken uptrend/ascending channel.
Market conditions can always change, but after 455 days of sustained growth, I wouldn't be surprise to see a correction show up.
A drop can take the index first to 49% to test EMA50 (0.382 Fib.) and even lower to 47%, 45% and even 43...
This is a wait and see, because this index tends to behave strangely and doesn't necessarily moves with Bitcoin but when it goes bearish the Altcoins value tends to increase.
Namaste.
$btc.ddeviated now reject here and would love to make back some gainz given back
thesis is still same alts will pop fast and furious
btc $44-45K reaction is key for continuation which would be mid range If we take 40222 and our local top
BITCOIN DOMINANCE BREAK DOWN!!The phrase "BITCOIN DOMINANCE BREAK DOWN dari trend line!!" essentially means observing and analyzing the breakdown of Bitcoin dominance using a trend line. In everyday English, it refers to examining the situation where the dominance of Bitcoin in the cryptocurrency market is undergoing a breakdown, and this is being observed through the analysis of a trend line. This suggests a shift or change in the relative influence or market share of Bitcoin compared to other cryptocurrencies, and the trend line is used as a visual tool to understand and interpret this shift.
BITCOIN DOMINANCE BREAK DOWN!!The sentence "BITCOIN DOMINANCE BREAK DOWN!!" can be described in everyday English as follows:
"Bitcoin dominance is experiencing a breakdown from the trend line!"
BTC.D - bitcoin dominance - momentum fractalsBTC.D - bitcoin dominance - momentum fractals
just taking a quick squiz at this dom chart. been neglecting this one.
cycles of degen:
bitcoin pumps again leaving most alts behind.
select few alts pump with it or beat it % wise.
btc dom flats out and another wave of alts pumps.
everything dumps.
Update BTC.DFrom the data shown on the drawing, we find that a Diagonal Leading pattern has been formed and is then considered a wave A, then a correction is made in wave B, which is the bottom of the Leading pattern, from which altcoins and Ethereum breathe, and when it reaches the bottom, then a final wave C begins, rising strongly in the same direction upward. Let us follow
Note: The model fails if it closes above an area 55.26%
#BTCD #BITCOIN #DOMINANCE #Crypto #Market #DUMP #Soon #Eddy#BTCD #BITCOIN #DOMINANCE #Crypto #Market #DUMP #Soon #Eddy
(("My analysis of BTCD"BITCOIN DOMINANCE" is like this, from my point of view, it is possible to track the position of short selling transactions on most currencies in the market."))
- What do you think? Have you checked BTCD in this time frame? Write me in the comments!
- My confirmations are based on Wykoff's review of Bitcoin in multi-time frame, as well as Bitcoin and Tether's Dominance review.
Its about Wyckoff ;-)
Also My Short Setup is Activated ;-) (( BTC/USD )) latest published chart link :
Bitcoin dominance at the crossroadBTC Dom 1day here in a descending regression channel Dominance is at the bottom of the channel and will decide its future short-term direction from here Either dominance advances up the channel from here and number-go-up again or dominance breaks down from here which could see a drop to 49% sparking a massive run for Alts Just be ready DFTU!!
Is Altcoin Season on the Horizon? Looking at BTC DominanceHey crypto traders, if you don't know about the Bitcoin dominance chart and why it matters for all you traders out there, listen up! So, picture this: the BTC.D chart on the daily timeframe is throwing some serious signals at us. It's like the crypto market's version of a head and shoulders pattern, and it's currently hanging out just above the 50% mark.
The Head and Shoulders- BTC.D's Drama Unfolding
Now, you might wonder, what's the big deal with this head and shoulders thing? Well, my friends, it's a potential game-changer. If this pattern plays out, we could witness a shift in Bitcoin's grip on the entire crypto market, at least for a time. Bitcoin's price action could be taking a breather, which will let the altcoins have their run in the sun.
Head and shoulders patterns are a bearish reversal pattern, and when seen on a time frame like the daily, it's probably pretty serious.
The Altcoin Uprising: Where's the Money Moving?
When the markets chill on Bitcoin, money tends to start exploring other corners of the crypto universe. First stop? The bigger altcoins like Ethereum, Binance Coin, Cardano, and Solana – these bigger coins often get a major slice of the action. Traders, pay attention! This could be your golden ticket to ride the altcoin wave. After the bigger cap coins, the money starts to flow down the list to the smaller caps, then eventually finding it's way back to good ole BTC.
Preparing for Altcoin Season
Now, don't panic. I am not saying Bitcoin is bowing out permanently. It's more like a breather, like an old man going to take a nap, which honestly sounds pretty good, haha. So, what's a trader to do during this potential Bitcoin siesta? Well, my friends, it's time to diversify your trading stack and look into those other cryptos, explore new possibilities, and maybe catch some gains on the way.
Don't Date Them, Just Trade Them
There are many out there that are just Bitcoin only kind of people, we call them maxis. Well they need to expect a bit of stagnation for BTC. If this is you, this is your chance to explore what else is out there and make some money along the way. The crypto market is a vast ocean, and there's more than one fish swimming around.
So, buckle up, be cool like this Dude, and ride the waves of change in the crypto world. Even if you are one of those Bitcoin maxis, sometimes you have to look at what else is on the menu! A term I heard once that stuck with me, 'don't date them, just trade them'! That means if Bitcoin is the only coin you hold, then hold it, but don't count out the gains you can make trading other coins, just turn those gains into more Bitcoin!
BTC Dominance goes down toward the Alt-SeasonThere was a delay for Alt-coins price correction and now it's the time.
This perspective is just my mindset for my own further trades.
DYOR.
A signifiant change in crypto market dominance approachesBitcoin Dominance is currently at 43%. That means 43% of the entire crypto market capitalisation belongs to Bitcoin.
On the above 4-day chart two bear flags are shown. The 2nd bear flag is a fascinating fractal of the first. Using the numbers on chart:
1) Dominance rejects the upper Chanel for the 2nd time.
2) Dominance prints lower highs whilst trying to regain the 21-week EMA (yellow line) and ultimately fails.
3) A double top is printed as dominance rejects the bear flag mean.
Now the question become: Is the Alt-token market about to experience a move not seen since early 2017? Or indeed March 2021?
It is increasingly probable. Those fractals are very difficult to refute.
In addition to the fractals… look closely at the RSI support. Recently that support was broken and confirms resistance. This was the final caveat to publishing this idea.
IF bear flag 2 confirms as points 1 through 3 suggest, there’ll be a huge increase in alt-token dominance. What is fascinating is the first and second bear flag both point to the same target, 75%. That is alt-tokens (TOTAL2) controlling 75% of the crypto market capitalisation. This has never happened before.
Recently I’ve been posting some large target ideas. This is how they are achieved, with a change in market dominance not seen before.
Excited? You should be.
Ww
Type: trade
Risk: Portfolio majority in alt-tokens
Timeframe: 2 to 4 months
Return: It will be something we’ve not seen before.
BITCOIN DOMINNCE BITCOIN DOMINNCE is trading at daily support if it manages to bounce back we can see dump in altcoins soon.
#BTC.D 4H Chart
Bitcoin dominance has reached the daily demand around 51% as predicted and it is currently in a small range. I am expecting a retracement to the upside aiming towards the first resistance area at 51.85%.
We are on the verge of a powerful Altseason !!While the Bitcoin ETF is on the news, ETH has now bottomed against the Bitcoin pair.
Bitcoin dominance is breaking down of a bearish rising wedge and suggests dominance of King Bitcoin has likely topped.
Do not get me wrong: this is bullish for Bitcoin itself !!
However, a falling Bitoin dominance (which is bullish for Bitcoin) is utterly bullish for the Digital Asset space as a whole.
Altseason usually starts when RSI of the BTC dominance reaches avove 58% levels on the weekly chart. Recently it has touched 60% when all of a sudden the Bitcoin dominance has been violently rejected at the 55% level.
These are the avaited signs for an Altseason which will bring the dominance eventually all the way to under 25%, which would signify ATL all time lows for the share that Bitoin has in the digital asset market space.
Soon I will post my number 9 and 10 of the TOP10 project list. Stay tuned.
Time to convert BTC to altcoins As you can see, Bitcoin's dominance is weakening in the short term.
In a short period of time, this is the best opportunity to convert Bitcoin to altcoins .
Double Bottom w/in Adam & Eve That Could End the Alt MarketWe have a double-bottom on the monthly, which also looks like Wyckoff Accum when viewed from the weekly timeframe. It has already broken out and initially targets around 58%.
Should that move break through the resistance between 58 and 71%, it could confirm a giant Adam and Eve pattern which could easily send Bitcoin Dominance back near 100%; potentially spelling the end for the vast majority of the Altcoin market or even crypto altogether.
This is a monthly chart, so a lot can happen along the way. I even have a bearish outlook on the daily that I recently published, that after publishing the bullish outlook showing the weekly Wyckoff pattern.
Still, long-term we may be headed back near 100%, with the pre-requisite of reclaiming 71%.
