BTC.D trade ideas
BTC.D Update: Jenkins’ Secret Slope Indicator in Action
This is a chart I’ve been closely analyzing since June, and it’s been remarkably solid imo. We’ve had a pretty good hit rate in terms of significant pivots in Bitcoin dominance occurring on or around the intersections of the slopes and horizontal retracement lines.
Each “Watch for Change of Trend” (w4CoT) marker represents a vertical forecasted timeline generated when the intersection of the slope and horizontal lines occurs. These markers have consistently aligned with major market movements, making them a reliable tool for identifying potential pivots.
Upcoming Key Levels:
• Sunday, Nov 24: A potential pivot is approaching with the next w4CoT marker.
• Jan 8, 2025 (25% Square Out): The final key date from this setup, worth watching for another significant move.
This analysis uses an indicator that I developed using Jenkins’ Secret Slope methodology. The forecasted tops (red lines) are derived by extending vertical lines from the lows within the range until they intersect with the main slope of the indicator. Once this intersection occurs, a horizontal line is plotted across time to highlight potential resistance or pivot zones.
I’m also keeping a close eye on the current support diagonal, which Bitcoin dominance has consistently found support on. It’s another key area I’ll be monitoring as this setup unfolds.
Thank you for taking the time to view this analysis. Lets see how it plays out!
Bitcoin Dominance Peak: Altcoins Ready for Massive GrowthGet ready for the biggest altseason in history! According to market trends, Bitcoin's dominance has reached its peak, and a significant shift in liquidity is expected to occur soon. This means that investors will start to diversify their portfolios, moving away from Bitcoin and into altcoins.
As Bitcoin reaches critical levels of adoption and price consolidation, capital tends to rotate into altcoins, driving their prices higher. This upcoming cycle is expected to be one of the most significant in history, given the increasing adoption of blockchain technology, institutional interest in crypto, and new innovations across decentralized finance (DeFi), gaming, and Web3.
As a result, the value of altcoins is expected to skyrocket. For instance, a portfolio worth $5,000 today could potentially balloon to a staggering $250,000 to $500,000 by 2025. This represents a massive growth opportunity for investors who are willing to take the risk and diversify their portfolios. The impending altseason is expected to bring unprecedented gains to those who are positioned correctly, making it an exciting time for cryptocurrency enthusiasts.
#BITCOIN DOMINANCE ALTSEASON is here!CRYPTOCAP:BTC Dominance Update🚨
If you’ve been in crypto, you know what this breakdown means. With CRYPTOCAP:ETH already rallying, alts are primed to take off!
Stay calm and stick to your plan; do not make rash decisions.
HOLD for the next few months, You'll be alerted when it's time to take profits off the table!
I’ll guide you on the perfect exit.
If you've been following me for a while you know I’ve been timing altseasons like this since 2019!
Hit that like button to support if you like it and share your views, and requests in the comments section.
Thank you
#PEACE
BTC dominance breaking 2 years support!!Join our community and start your crypto journey today for:
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Let's analyse BTC dominance:
BTC Dominance appears to be on the verge of breaking a key 24-month support trend line. This could signal a potential reversal in the current trend, leading to a decline in BTC dominance. Historically, the year following a Bitcoin halving event has often been associated with ALTcoin season year where Altcoins outperform Bitcoin.
Additionally, RSI for BTC.D also seems to be breaking its support level, further indicating a potential bearish trend.
Key Levels:
Support: 56.77%
Resistance: 60.52%
A breakdown below the support level could potentially trigger a significant shift in market dynamics, favoring altcoins over Bitcoin.
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Bitcoin Dominance Pullback Fakeout ?You can see dominance make small green candle but we have strong resist here with trendline
If dominance can't breakout trendline we can see around 57.5% but if this pattern is fakeout we can see dominance pullback like before when dominance just fakeout on trendline
Bitcoin Dominance Down and Alts PUMP!Bitcoin dominance or BTC.D has been on a rip for a while now but as we start to see more altcoins pump its fair to see the correlation of bitcoin dominance dropping. Sideways is also good, but if this looses the major support and starts to drop I expect to see further liquidity moving into altcoins at speed.
Now it could bounce back up and continue higher, which would indicate the move for bitcoins not nearly over. I am keeping lots of alt-positions, taking profit in part on pumps but leaving some moon bags for when BTC.D eventually drops and alts go wild.
NOT FINANCIAL ADVICE
Happy trading
ALT SEASON #3After years of waiting, countless false starts, and more hopium than a bull market BBQ, we’re finally here: Alt Season 3 is upon us—or so my trusty weekly Bitcoin dominance chart is screaming.
For the uninitiated, this chart is basically the ancient oracle of crypto, and it’s saying, ‘Hey, Bitcoin, take five. It’s time for the alts to shine.’
Zoom in close and you’ll see the subtle shift—the kind of shift that makes your favorite meme coin go from $0.00001 to ‘retire on a yacht’ territory (not financial advice, obviously).
TL;DR: Pack your bags, but don’t forget to double-check the fundamentals of the random farm token you’re YOLO-ing into. Alt Season 3 is here to remind us all that dreams are made… and sometimes rugged. Stay sharp, my friends. 🚀