📊🚀 Bitcoin Dominance at Crucial Support – Altseason Incoming? 🌈💰
If you’re wondering why I’ve been focused on BTC more than altcoins recently, this is exactly why! Dominance plays a critical role in understanding market cycles and timing those explosive alt moves.
📚 Quick Recap:
BTC dominance reflects Bitcoin’s market share versus altcoins.
Historically, altcoin bull runs often begin when BTC dominance tops out and reverses.
The last big altseasons kicked off from the 73% dominance zone—but remember, history doesn’t always repeat, it often rhymes!
🔎 Current Chart Observations:
BTC dominance is currently testing support at 63.41% within an ascending channel.
Resistance sits at 64.25%.
The dominance is flirting with re-entering the channel, but hasn’t confirmed yet.
📈 Probability Outlook:
✅ 62% chance BTC dominance breaks down—bullish for altcoins!
❌ 38% chance dominance holds and moves higher—bearish for altcoins.
If BTC dominance breaks down from this level, it won’t just be a red candle—it’ll be a flashing green light for altcoins! 🚦📈
Mastering these cycles is crucial if you want to position yourself properly ahead of the next big alt moves.
One Love,
The FXPROFESSOR 💙
If you’re wondering why I’ve been focused on BTC more than altcoins recently, this is exactly why! Dominance plays a critical role in understanding market cycles and timing those explosive alt moves.
📚 Quick Recap:
BTC dominance reflects Bitcoin’s market share versus altcoins.
Historically, altcoin bull runs often begin when BTC dominance tops out and reverses.
The last big altseasons kicked off from the 73% dominance zone—but remember, history doesn’t always repeat, it often rhymes!
🔎 Current Chart Observations:
BTC dominance is currently testing support at 63.41% within an ascending channel.
Resistance sits at 64.25%.
The dominance is flirting with re-entering the channel, but hasn’t confirmed yet.
📈 Probability Outlook:
✅ 62% chance BTC dominance breaks down—bullish for altcoins!
❌ 38% chance dominance holds and moves higher—bearish for altcoins.
If BTC dominance breaks down from this level, it won’t just be a red candle—it’ll be a flashing green light for altcoins! 🚦📈
Mastering these cycles is crucial if you want to position yourself properly ahead of the next big alt moves.
One Love,
The FXPROFESSOR 💙
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💬 t.me/fxprofessor88
🌍🚀 CryptoGPT Trading Agent is the Future:
cryptogpt.io/
💹 Join My Forex Community:
fxprofessor.com/forex-special
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📣 Professor's Public Telegram:
💬 t.me/fxprofessor88
🌍🚀 CryptoGPT Trading Agent is the Future:
cryptogpt.io/
💹 Join My Forex Community:
fxprofessor.com/forex-special
💬 t.me/fxprofessor88
🌍🚀 CryptoGPT Trading Agent is the Future:
cryptogpt.io/
💹 Join My Forex Community:
fxprofessor.com/forex-special
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.