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TradeCityPro | BTC.D: Predicting Alt Seasons with Bitcoin Domina👋 Welcome to TradeCity Pro! In this analysis, I want to discuss an important crypto index that can significantly impact our trading, known as BTC.D. First, I'll provide some explanations for those unfamiliar with this index, and then we'll dive into the analysis. 🤔 What is Bitcoin Dominance? Bitcoin Dominance is a major indicator in the crypto market. It does not directly represent supply and demand and is not tradable; the chart you see is calculated by TradingView and does not exist physically. ⚡️ This index represents the strength of Bitcoin in the crypto market. It shows the amount of money in Bitcoin divided by the total money in the crypto market. 100x(Bitcoin MarketCap / Total MarketCap) = Bitcoin Dominance ✔️ For example, if the total money in crypto is 1 trillion dollars and 500 billion dollars of that is in Bitcoin, then Bitcoin's dominance would be 50%. ✔️ Or, if the total money in crypto is 1 trillion dollars and 300 billion dollars of that is in Bitcoin, then Bitcoin's dominance would be 30%. Now that we know what Bitcoin dominance is and how it is calculated, let's see how it can help us in trading and where it can be useful. 🤔 How is Bitcoin Dominance useful? When we trade, we often encounter situations where both Bitcoin and an altcoin (for example, Ethereum) are triggered simultaneously according to our strategy. There are several ways we can open positions in these situations. Some open positions simultaneously on both, increasing the risk of the trade and doubling the potential loss if the market moves against us. Others may randomly choose between the two positions, which could result in taking a position on Bitcoin and hitting a stop-loss while Ethereum moves towards your target. But how can we determine which one is likely to be more profitable? 🔹 As mentioned, Bitcoin dominance indicates the strength of Bitcoin relative to the rest of the market, and there are three scenarios to consider for its analysis. 📈 In the first scenario, if the market is bullish, Bitcoin dominance can be bullish, bearish, or range-bound. If Bitcoin dominance is bullish, it means more money is entering Bitcoin, so if both Bitcoin and Ethereum are triggered simultaneously, Bitcoin is likely to rise more than Ethereum. If Bitcoin dominance is bearish, less money is entering Bitcoin relative to altcoins, so altcoins like Ethereum are likely to rise more. If Bitcoin dominance is range-bound, we analyze the market candle by candle and pay more attention to short-term momentum, deciding based on the current trend of Bitcoin dominance. 📉 In the second scenario, if the market is bearish, Bitcoin dominance can again be bullish, bearish, or range-bound. ✔️ Before explaining this scenario, let me tell you how it's possible for the market to be bearish while Bitcoin dominance increases even though Bitcoin's price is also falling. As I mentioned, Bitcoin dominance is a ratio and is shown in percentage terms, so if the market is crashing, it might be that Bitcoin is selling less than altcoins. For example, Bitcoin might sell for 10 million dollars and altcoins for 20 million dollars. Even though Bitcoin is being sold and its price is falling, it is being sold less than altcoins, so its dominance increases. 🔹 Now, let's examine the second scenario. If Bitcoin dominance is bullish, less Bitcoin is being sold compared to altcoins, so altcoins like Ethereum will have a greater drop and are better for short positions. If Bitcoin dominance is bearish, Bitcoin is being sold more than altcoins, so a short position on Bitcoin would be more suitable. Lastly, if Bitcoin dominance is range-bound, like in the first scenario, we analyze candle by candle and focus on short-term momentum. 📊 In the third scenario, if the market is range-bound, I first suggest not opening any positions because many strategies do not work well in range-bound markets, and it's better to wait for a breakout of the range's floor or ceiling before opening a position. However, if you do decide to open a position in this phase, short positions fall under the second scenario, and long positions fall under the first. ⭐ So, with Bitcoin dominance, we can optimize the positions we open and choose the best option between Bitcoin and the selected altcoin. If we look at Bitcoin dominance in higher time frames and not just as a confirmation for futures positions in lower time frames, we can identify alt seasons. 🤔 How to identify alt seasons and alt parties with Bitcoin Dominance? So far, we've seen how dominance in different states and positions can help us in trading. Now, if we analyze Bitcoin dominance over a longer term, we can determine whether the money in the market will move more towards altcoins or Bitcoin in the coming weeks or months. ✔️ For example, if Bitcoin dominance is bullish in the weekly time frame and has a strong upward trend, naturally, more money will enter Bitcoin over time, making Bitcoin a better investment than altcoins. However, if Bitcoin dominance undergoes a correction for a few days or weeks during this bullish trend, altcoins can experience significant growth during that short time frame, which we call an alt party. 💥 On the other hand, if Bitcoin dominance completely changes trend and is bearish for several weeks or months, altcoins will naturally grow much more and will be a better investment option until Bitcoin dominance turns bullish again, which we call an alt season. 🔹 An important note about alt seasons is that Bitcoin's trend during this time must be bullish or range-bound; if Bitcoin is bearish, neither an alt season nor an alt party will occur. So, be sure to first understand the overall market trend using indicators like Total and Total2, and then look for an alt party. Now that we've examined how this index works, let's move on to a technical analysis of the chart. 📅 Monthly Time Frame As you can see in the monthly time frame, Bitcoin dominance had a very long range above the 95% area between 2015-2017, which was because the crypto market was still very small at that time, and many investors thought it was a scam. Thus, if anyone wanted to invest in crypto, they only bought Bitcoin. ✨ But in 2017, during Bitcoin's bull run when it reached the 20k ceiling, altcoins also entered the game, and Bitcoin dominance began to fall, spreading the crypto money among other coins. This downward movement continued down to the 40% area, and after it consolidated around this area, Bitcoin dominance started rising again, correcting the severe downturn it had experienced. 🔍 At the start of the next bull run in late 2020, Bitcoin dominance reached its peak and formed a range between 57.13 and 71.04 until the end of the bull run. After Bitcoin's bull run, in the second leg when the price moved towards the 69k area, Bitcoin dominance broke the 57.13 support and moved down to the 40% support, leading to a major alt season. 🎲 In early 2023, coinciding with the start of Bitcoin's bullish trend from the 16k bottom, Bitcoin dominance broke the 47.80 area, which was the ceiling of its box, and its upward movement restarted. Currently, Bitcoin dominance has also broken the 57.13 area and is near 64%. As long as Bitcoin dominance remains bullish, Bitcoin will still be a better buy, and altcoins will not be able to grow significantly. 💥 If Bitcoin dominance finally confirms a trend change and turns bearish, if Bitcoin's trend remains bullish, we will witness another major alt season like in 2021. For now, we confirm the change in trend in Bitcoin dominance on the monthly chart by breaking 57.13, and for a better and more accurate analysis, it's better to move on to the weekly time frame. 📅 Weekly Time Frame In the weekly time frame, after breaking the 47.46 area, an ascending trend has formed within an ascending channel, and the price has been in this channel for about two years. 🧩 The next resistance for Bitcoin dominance is 65.59, which it is moving towards, and the main ceiling for Bitcoin dominance is 71.04. If the upward trend continues, more money will enter Bitcoin, and altcoins will not be good investment options. 🔽 For a trend change and a bearish turn in Bitcoin dominance, breaking the 60.50 area is suitable, and if Bitcoin dominance records lower highs and lows below this area, we will confirm the trend change. Breaking the channel will also be one of the most important confirmations. 📅 Daily Time Frame In the daily time frame, we can analyze the price movement with more detail. 💫 Currently, the 62.23 area has been broken, and Bitcoin dominance is performing another bullish leg, having reached the channel ceiling. If the channel ceiling breaks, we can expect a move to the 65.59 area. 📉 For a trend change in this time frame, it's better to wait for the channel to break, but besides the channel, the 62.23 and 60.50 areas are also significant, and breaking them will confirm it. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
CRYPTOCAP:BTC.DShort
by tradecitypro
15
A personalized indicator for Alt SeasonThe behavior of this chart is such that the green line can only block the candles once and the trend line will definitely be broken on the second collision. If this is our assumption, we will notice that in the last few months this green line has been tested for an upward break, from where the price has been reversed. Now if we move towards this line this time, it is very likely and according to its history that this chart will break upwards and altcoins will be heavily pumped.
by M2it2M
13
BTC - 4H Key Support Zone & Potential ReversalBINANCE:BTCUSDT is currently at the bottom of a descending channel on the 4H timeframe, aligning with a key support level. Given the broader bullish trend on higher timeframes, this zone could provide a strong foundation for a rebound. 📊 Key Observations: Descending Channel Support: Price is testing the lower boundary of the channel, historically acting as a reversal point. Bullish Higher Timeframe Context: Despite the short-term downtrend, the macro trend remains bullish, increasing the probability of an upside reaction. Potential Targets: If support holds, the first target would be the mid-channel zone (~$100K), followed by a move toward the upper boundary around $104K-$106K. 💡 Trading Plan: 1️⃣ Watch for bullish confirmation signals like a bounce with strong volume or bullish divergences. 2️⃣ If support fails, BTC could dip further before a stronger reaction—stay alert! 3️⃣ Higher timeframe traders may see this as a buy-the-dip opportunity in an overall bullish market. 🚀 The next move could be massive! Follow for real-time updates and expert analysis! 🔔
Long
by Sober_Trading
Bitcoin - 4H let's understand the where we are!Following the USA election, the crypto market experienced a significant rally, seemingly pricing in expectations around the Inauguration of Donald Trump. As the market has likely anticipated much of the impact from potential upcoming policies, we could see oscillations between sharp rises and falls in the coming days. A downward correction appears more probable as the immediate effects seem baked into current prices. Technical Analysis: BINANCE:BTCUSDT broke out of a trading range, achieving its target with a ~9% rise, equivalent to the range's height. The price hunted liquidity above the previous highs, which reinforces the possibility of a fall. A decline from the current zone is likely, with key support zones highlighted on the chart. 📈 Watch for reaction near $102,600 and $100,100 zones. 💬 Like, follow, and comment for more timely market insights! 🚀
by Sober_Trading
6
LINK - 4H Buy opportunities🚀 BINANCE:LINKUSDT Price Analysis 🌟 Weekly Time Frame: LINK has shown consistent growth after breaking out and consolidating above key zones. Now, it’s consolidating over a crucial support zone, signaling potential for a strong upward move. Daily Time Frame: Liquidity under $20 has been hunted, setting the stage for a potential bullish flag breakout. 4-Hour Time Frame: A strong support zone around $20 creates two actionable scenarios: 1️⃣ Pullback Entry: Look for a reversal near the $20 support zone to enter. 2️⃣ Breakout Entry: Enter after LINK breaks resistance and confirms the move with a pullback. 📢 Like, follow, and comment for more updates. Stay ahead of the market with actionable insights and expert analysis!
Long
by Sober_Trading
BTC.D H4 : ALT-SEASON is loading ...Hi guys Hope you well. The things you can see in the four-hour time frame, you can see the change of structure market . Also, in the daily time, we are at the ceiling of the long-term trading range. Let's see the altcoin market.I expect that altseason is so near. Please see the previous analysis for a better understanding in the previous channel SecondChanceCrypto 11/May/23 (DYOR) Always do your research . If you have any questions, you can write them in the comments below, and I will answer them. And please dont forget to support this idea with your likes and comments
CRYPTOCAP:BTC.DLong
by Secondchancecrypto
📌 How long Will this AltParty last? (crypto & Altcoins)🥂🚀 What is the reason behind the recent growth of crypto market❓❔ The rise of cryptocurrencies following market optimism to reduce/stabilize the trend of increasing interest rates without the risk of recession❓❔❕❗ ✅ BITCOIN has reached above $24 k and Ethereum above $1700 , and the markets are still welcoming the possibility of the arrival of the last steps of the US central bank to suppress inflation, as well as optimistic data indicating a slowing down of the economy (without the risk of entering a recession). Although, in reality, the drop in the GDP of the United States in this quota was more than expected; The gross domestic product was not positive this time either, and recording the second consecutive negative number (although small) for this index, at least from a technical point of view, means that the world's largest economy has now entered a "recession". ✅ It seems that the market's interpretation of this economic contraction was something else; The market now believes that in the face of this bump in the path of economic growth, the Federal Reserve will actually put the brakes on its interest rate hike at its next meeting in September. In fact, the market has already celebrated this auspicious event, and after that, the risk-free indicators of the market all started to rise. From the S&P 500 index to the Nasdaq and the Dow Jones, they all began to rise, and of course, as expected, whenever there is talk of risk-taking, cryptocurrencies have been and are at the forefront of jump and sharp movements. ✅ In fact, although we have entered a "technical recession", many economists - and even Jerome Powell (Federal Reserve Chairman) and Janet Yellen (US Treasury Secretary) have so far refused to use the word recession because other factors For example, the "labor market situation" is considered as a sign of a "strong economy". ✅If we look closely, the optimism came when on Wednesday, investors reacted positively to a 75 basis point increase in the base rate by the US Federal Reserve and Powell's "dovish" signals that the Federal Reserve is unlikely to raise interest rates in the next few months. . The next day, that is, Thursday, following the announcement of the second negative GDP data in a row, Yellen stated that the definition of an economic recession is actually "a broad weakening of the factors of the economy" and "this is not what we are currently witnessing". And of course, it is believed that Yellen was referring to the National Bureau of Economic Research's (NBER) definition of the term recession, which, in addition to GDP, also includes indicators such as employment, personal income, and industrial production in the definition of this term. 👉 It didn't take long that the wave of optimism caused by this misinterpretation quickly spread from the stock market to the crypto market, and in the middle of the rise of cryptocurrencies, even the negative news related to the bankruptcy filing by the Zipmex exchange in Singapore was lost. Voyager Digital, which filed for Chapter 11 bankruptcy protection in a U.S. court earlier this month, also faced an executive order to stop spreading falsehoods about government support. But even this bad news could not stop the crypto party.👌💯 📛 But The question is ;how long does this celebration last? 🤔 We know that the economy is now walking on the edge of inflation-recession. All the tools that the Federal Reserve has are to control the demand side; So the Fed cannot control the inflation caused by the crisis in Ukraine, this institution does not even have control over the inflation caused by the supply chain problems, and this is what we think will cause the world economy to slide into recession sooner or later, and may all this celebration will not be stable (from stocks to crypto). This article is for informational purposes only. It should not be considered Financial or Legal Advice.
SP:SPX
by PRO_SMART_Trader
10
KING.D (RSI long signal - must ruin the PARTY) 🚨hi 🖖🏽 in fact we haven't any bearish sign on BITCOIN DOMINANCE chart! just ETHBTC can help altcoins for party (must hold weekly support around 79550---77150) ,,,but on BTC.D chart we have 5 powerful bullish signs: 1- triple bottom pattern on 1D chart ( VVV ) 2- RSI shows bullish divergence 3- RSI breakout from downtrend 4- nice uptrend on RSI formed (4 Dec) 5- "probably" double bottom on 1D/4H time frame (9 Dec --- 24 Dec) <> *** i think if the RED uptrend on RSI close below the trend this scenario will failed and i'll update this chart *** ,,,and BTCUSDT bounced from huge symmetrical triangle on 1D time frame,...if the first resistance goes to break from 42---42.29 we can see bloody bath on altcoins ((but not all of them)) ...maybe some hypes, project that have good news or fundamental points or some good technical charts face rallies So i'm looking for TP on altcoins that havent any powerful point or must use tight Stop Loss (((ALTCOIN/BTC))) at the end, ACTION or REACTION on 42---42.19 ( BTC.D ) is very important for me THIS IS NOT ANY FINANCIAL ADVICE FOR YOU ,,, ( #NFA ) ,,, this is what i'm doing ALWAYS DO YOUR OWN RESEACH ,,, ( #DYOR ) 💚🥂
CRYPTOCAP:BTC.DLong
by phreaktech
6
Cake right now is close to opportunity zone!Hello guys 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! it's simple as drinking water! do not miss the chance, if the price hits 9$ zone(every time the price came near to this zone after a short time this coin pumped) do not hesitate and buy one step! The mid-term target is MA200 for me. Note: right now in the BSC chain, Cake has the most TVL! and it's $5.5b also mcap/tvl ratio is 0.5119.these parameters can show us investing in Cake has less risk than other coins for now! Hope you enjoyed my analysis, You can support me with your likes and comments! (always open to hearing points from the others) Attention: this isn't financial advice I'm just trying to share my vision and remember we must always see what's up with BTC after that go buy altcoins. never forget investment principles and do your research before investing.
Long
by HajMmd
WINk pumping soon?Hello guys 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! yesterday, the price almost hit the MA100 line and bounce back from that point so it shows that MA100 can be a firm support for WIN right now. on the other hand, there was a zone which was broken yesterday too and it shows price between 0.0006282 till 0.0006834 can be the huge support zone and also can be our first step of buying. for me, mid-term targets are 0.0008063 and 0.0009944(specified with Fibonacci) however it may change over time and that's for sure I am not selling all of WINks before reaching the ATH.(if we lost MA100 support, next is that zone I drew which include MA200 in it.) Hope you enjoyed my analysis, You can support me with your likes and comments! (always open to hearing points from the others) Attention: this isn't financial advice I'm just trying to share my vision and remember we must always see what's up with BTC after that go buy altcoins. never forget investment principles and do your research before investing.
Long
by HajMmd
2