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Bitcoindominance

WARNING! Sell Your Altcoins, -40% Drop AheadHello, Skyrexans! The title of this article is made specially for haters. I see euphoria on each small drop of CRYPTOCAP:BTC.D and understand that altseason now will not happen. People are still holding and dreaming Lambos. This is very bad for potential growth, so I expect only dump on risky alts with the new dominance push! Look at the 4h time frame. As you remember from my previous analysis I expect the global wave 5. In my opinion waves 1 and 2 have been finished already. Wave 2 represented as an irregular ABC correction. Target at 0.38 Fibonacci has been reached. Now it's time for wave 3 which will reach 67%. During this dump on altcoins I wanna see total disappointment of moon boys and selling on every local bounce. I will repeat once more, market shall be cleared from the crowd to go up. I am not an altseason hater. I am also holding some altcoins, but it's important to understand the real picture and have the right exaltations. Otherwise you will be disappointed and go out from rocket. I wish for clever, patient and realistic people to earn on the altseason, but first of all market need to persuade greedy and disrespectful people to escape altcoins. Best regards, Ivan Skyrexio ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:BTC.DLong
by Skyrexio
26
BTC DOMINANCE AT CRUCIAL LEVEL! When Alt season? 🚀 Hey Traders! 👋 If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥 Bitcoin dominance is once again hovering around the key resistance zone (~64%) that previously triggered a sharp rejection and boosted altcoins. 🚨 🟢 What we're watching: Dominance bounced back after a breakdown from the rising wedge 📉 It's now retesting the breakdown zone (red resistance) A rejection here = Altcoin Rally 🎯 A clean breakout above = Altcoins stay weak ⚠️ ⏳ We’re at a decision point. Altcoin bulls are watching this zone very closely. 🧠 Our take: Until BTC.D rejects from this level, don’t expect a full-blown Altseason. A strong red candle from here could open the floodgates for mid and low caps to run wild again. 🚀 📌 Stay patient, stay positioned. The move will be big—just a matter of “when.”
CRYPTOCAP:BTC.DShort
by CoreCrypto1
4
BITCOIN DOMINANCE Update (12H)This analysis is an update of the analysis you see in the "Related publications" section After hitting the two resistance lines marked on the chart (yellow circle), we saw a reaction, but it doesn’t seem like the trend has changed. There’s a possibility that a double top could be forming on the dominance chart. This suggests that selling pressure on altcoins may continue until this index approaches its peak zone. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:BTC.D
by behdark
1
Altseason Will NOT Start While You Are Holding Altcoins!Hello, Skyrexians! Time for the negative article about CRYPTOCAP:BTC.D which is our favorite topic recently because I see now the euphoria again that altseason has been started. The answer is no, it has not and the main reason is the crowd which still holding altcoins. I told many times - sell altcoins and altseason will be started. Let's go to Elliott waves. As I told you wave 4 has been finished at 0.38 Fibonacci level and with the Awesome Oscillator cross of the zero line. Now it's time for wave 5. Target is the same equals 67%. Only when we see this price and the double divergence we have a chance that liquidity will transfer from Bitcoin to altcoin. Next 2 weeks will be disaster for all altcoins holders. Best regards, Ivan Skyrexio ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:BTC.DLong
by Skyrexio
41
Bitcoin Dominance Is Growing, But Don't Panic!Hello, Skyrexians! When I shared last update on CRYPTOCAP:BTC.D I mentioned that not sure that altseason has been started, now I decided to go back to my first scenario where dominance shall reach 67%. You can tell me that wave 4 shall be ABC shaped and now we will see dump to 61%, but dominance usually has the very sharp corrections, moreover 0.38 Fibonacci has been reached and Awesome Oscillator crossed zero line on 2 days time frame. Wave 4 is likely to be finished. Now wave 5 is going to the most likely target at 67%. This pump will be fast, may be in 1-2 weeks. Also wanna tell about disaster max target at 72%. This target is very very unlikely because it will break all picture on 1 week time frame, but also let's just keep in mind. This analysis perfectly correlates with ATOM analysis, which is also actual for all altcoins. Best regards, Ivan Skyrexio ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:BTC.DLong
by Skyrexio
3
BTC DOMINANCE NEW UPDATE (1D)This analysis is an update of the analysis you see in the "Related publications" section This upward move is in line with our previous plan and is meant to complete wave G. Wave F didn’t touch the green zone exactly and reversed slightly higher due to market maker manipulations, which has made trading in these areas more difficult. It is expected that from near the top, the price will drop to complete the larger wave F | which might come with a green and attractive market. Completing wave G, which we are currently in, will likely take several more days. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:BTC.D
by behdark
1
BTCDO Analysis | Catch the altseason! (12H)Note: This chart is tied to Bitcoin dominance and moves accordingly. The trendlines have been lost, the price has dropped, and it has reached a support level. Such strong trends, when they come to an end, usually result in a pullback to the trendline or the broken levels. Currently, the price may pullback to the supply zone and then enter another correction and drop, which could cause altcoins to turn green again. Targets are marked on the chart. A daily candle closing above the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
Comprehensive BITCOIN Analysis for the next 7 days - DAILY chart First Off - Sorry for all the lines on the chart but EVERY one is very relevant to what is happening right now. The Dashed Blue Horizontal line is the current ATH line. possible Resistance. The 2.618 Fib extension has not yet been tested as support. This could happen still, at any point till end of month and is around the 98K usd zone. PA has Ranged through the Local rising line of support, as if it no longer existed, which was a little surprising given the strength that PA has still. There maybe some uncertainty in the air. PA is above the neckline of the Cup pattern it printed and, again, it would not be unusual to see PA come back down to test this Neckline as support, which is on that 2.618 Fib extension. The Bold Yellow line is Long Term Support line since 2015, showing that Bitcoin PA is in the Lower side of a Long Term ascending channel, with plenty of room to rise, PA has a lot of inert strength right now, so, we may not see this retest happen. We just have to wait. BUT you can see that Rising dashed line, the extension of the Cup pattern. PA may range across into this and bump into it next week. If it acts as support again, PA will then be pushed into a tight Squeeze against the other rising line of support, with an Apex on the current ATH line. PA ALWAYS REACTS BEFORE THE APEX All that points towards some Volatile times next week if PA remains in this area. The other descending line there is a 618 Fib Circle. You can see that 98% of the Time, PA is effected by these. All this shows us 4 points of resistance, in the same Zone, All Next week and PA will Either Shoot through it with a Big push, Or we may see PA Drop back down. The Big question being, how Far ? We do not want to loose the 2.618 Fib ext at 98K But what else can we look at. ? The RSI DAILY This is still up high in the near Over Bought zone. It can range up here for extended periods but this is something we should be aware of as the possibility of a drop does exist. On the weekly, RSI has room to move higher & the 4 hour is in neutral zone, again with ability to push higher. The MACD DAILY This is once again curling over and about to test the red signal line as support. On a 4 hour chart, the MACD is down on Neutral line, giving it strength to push higher and if that continues, we will see the yellow MACD line bounce off the Red signal line on the Daily chart. Once again, Look at the Histogram and the similarity to the area that the Arrow is pointing at. We could repeat this but on a larger scale. We have to wait and see if this happens. But also note how there was a Visit into a red Histogram ( for 4 days ) before the bigger push and I remind you about what has been said above. So, what else can we look at that may offer some ideas ? The Chart below is the 4 main Crypto Dominance charts by market Cap - 4 hour BTC.D - ETH.D OTHERS.D - USDT.D ( OTHERS = Top 125 Coins MINUS Top 10 by Market Cap) Mid to Low cap We have recently seen a Drop in Bitcoin dominance, giving the ALTS some time to push higher. This is seen with the BTC.D dropping and the ETH.D and OTHERS.D rising Also note how USDT.D Dropped, showing that stable coins were being exchanged for Crypto, And as we see now, we have the possibility of BTC.D being rejected by its 50 SMA ( Red) ETH.D is above its 50 SMA, showing it had a good push and may get support if PA drops OTHERS.D has already fallen below its 50 SMA, showing a brutal sell off, rapid profit taking. That is the world of ALTS. In the last 48 hours, we saw a return for Bitcoin as it rose from a shallow Low in its Range. This was enough to cause a sell off of the ALT coins as we see in the Drop in Others.D ETH however, remains in a range with obvious intention to continue higher if the market allows. Lastly, we can compare Bitcoin to the other Markets Bitcoin - CFD GOLD DXY - S&P500 Bitcoin has performed well. It has reclaimed some position on Gold recently while it climbed alongside the S&P We can also see how BTC climbed while DXY dropped. This highlights some Flaws in using the BTC USD pair to judge the success of BTC but this is explaned better in another post. But in short, If the $ looses Value and your BTC USD pair appears to climb, theg ain is lost as the $ is worth less. Use BTC XAUT pairs. Bitcoin Gold Pair - Historically, GOLD looses little Value by comparison. So when Bitcoin gains against Gold..It is WIN WIN So, in conclusion, we see Bitcoin under some pressure to avoid Lower or sharper Drop in the short tern. The Lower Timeframes show us that BTC has the ability for a Continued Range but with caution. We see ETH ( and larger Alts ) intent on remain in the game now they have had a small glimpse of Gains And we see that Mid and Lower Cap Alts are mostly just money makers providing you play the game right. And that game may have some more time if Bitcoin Stumbles in the next 7 days. And that possibility does exist. Today is crucial in many ways and will set the tone for the following week. There is Financial Data being released by the USA today and if unfavourable, we may see some sharp moves. And ,Longer Term VERY BULLISH - I HOLD AND CONTINUE TO BUY WHEN I CAN ON SPOT ORDERS I hope this helps and I am grateful for comments
INDEX:BTCUSD
by Orriginal
Bitcoin Dominance Double Resistance – Altcoin Breakout Ahead?Bitcoin Dominance Double Resistance – Altcoin Breakout Ahead? Post with Emojis: 📊🚀 Bitcoin Dominance Double Resistance – Altcoin Breakout Ahead? 🌈📉 Hey Traders! BTC Dominance just hit a critical confluence of resistance at the top of the ascending channel (62.82% to 63.53%) and is already showing early signs of rejection. History tells us this zone doesn’t hold for long—check the left side of the chart for past failures! 📚 What This Means: If dominance rolls over here, expect altcoins to finally break free and start outperforming. 🌱 Watch for a key breakdown below 62.32% to officially kick off the next wave of altcoin dominance. Targets for dominance on the downside: 59%, 56.9%, and possibly even 54% over the coming weeks. 📈 Probability Outlook: ✅ 70% chance BTC dominance gets rejected—altcoin rally ahead! 🚀 ❌ 30% chance dominance breaks higher—remain cautious on alts. This is the moment we’ve been waiting for. Altseason isn’t declared yet—but the gates might just be opening! One Love, The FXPROFESSOR 💙
CRYPTOCAP:BTC.DShort
by FX_Professor
2
Having a Mini ALT pump -but it may not last much Longer -CAUTION The main chart is the Daily BTC PA and the BTC DOMINANCE ( BTC.D ) super imposed below, for the same period. When BTC.D Drops and BTC PA remains stable, we see ALTS increase in Value, Mostly. On the main chart, you can see that in Nov 2024, Till Dec, we had a mini ALT seasons and we are having another now But will this last ? If we look in more detail at the BTC.D chart below, we can get some ideas Will it Last ? I do not think so. We are on two areas of strong support right now. The 618 Fib extension has provided support already and PA bounced. In fact, at time of writing, Many ALTS are in the RED on an hour chart. We need to watch and see where we go in the next 7 hours Should this Fib extension Fail, Just below is a longer term line of support. SO, I would head towards a High rate of Caution with the ALTS right now. Does this mean that Bitcon will push higher ? The potential is there, YES High Level of Caution for th eALTS right now
by Orriginal
Altseason Has Been Started (But I Am Not Sure...)Hello, Skyrexans! Let's carefully make update on CRYPTOCAP:BTC.D because previous analysis where I bet for local top slightly above 65% is playing out even stronger than I supposed. Today I will show you why altseason could be already started, why I am not sure and where is the critical level. Earlier I told that daily time frame does not suit for this Elliott waves cycle measurement, but we have 155 bars there, slightly above 140 bars, so we can count it as a valid. Moreover we can see zero line cross on Awesome Oscillator, but again only slightly. That's why I am not sure if uptrend on dominance is over or we shall wait for earlier predicted wave to 67%. But anyway I am sure that 60-61% will be reached before, so it was not a mistake to be in altcoins from 65.3%. When price will reach Fibonacci level we will see how it will approach it and make a decision about our altcoin's holdings. Best regards, Ivan Skyrexio ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:BTC.DShort
by Skyrexio
6
BTC Dominance New Update (12H)This analysis is an update of the analysis you see in the "Related publications" section We had a bullish diametric for Bitcoin, and it seems that the price has reached the highest point of this diametric. Wave E of this diametric, which is a bullish wave, is nearing its end. We refer to this as the highest point because Wave G might not reach the peak of Wave E. We expect a rejection from the red box, and this rejection could be very strong. Smaller altcoins could experience a significant pump. A daily candle closing above the invalidation level would invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:BTC.D
by behdark
1
Bitcoin Dominance TA, Bearish SignalsRecently I spotted a very strong, long-term bearish signal on this index. A triple-bearish signal as it is present with three indicators. I am talking about a bearish divergence. Volume has been dropping significantly as the index moves higher. The weekly RSI peaked October 2023 and has been producing lower highs. The MACD peaked July 2023. These are long-term, but let's have a closer look and consider the daily chart. Here we have some interesting signals as well, let's start with the candles: —Here we have a rising wedge ending in a rounded top and long-term double-top. The uptrend is also in risk of failing. A breakdown of this uptrend, which can happen anytime, would result in a strong crash of this index. Next is the daily RSI: —The peak happened November 2024. There is also a short-term lower high as the peak this month happened on the 7th of April, the index peaked on the 22nd. —The daily RSI is already trending lower. Clearly the most interesting and revealing of all three indicators is the daily MACD. Let me show you the chart first and then I'll describe the signals: —Here the lower high is so strong that reveals what is coming to this index. The MACD peaked in February and produced a lower high this month, April. Notice the bearish cross, it happened yesterday. The daily MACD and RSI trending down with short-term, mid-term, long-term and long long-term bearish divergence all point towards a lower reading on these oscillators. The last major drop for this index happened in November 2024 with the bottom hitting a month later, December 2024. At this time Bitcoin produced a very strong advance as well as the entire Altcoins market, it was awesome. It is surely interesting to notice that the index recovers and moves higher while Bitcoin continued to grow. But at that time the Altcoins were starting their correction. Most of the Altcoins peaked late November 2024 and some in early December 2024. So this index is more related to how the Altcoins behave rather than Bitcoin. When it drops, it does not mean that Bitcoin will drop but that the Altcoins will grow. When it grows, it does not necessarily means that Bitcoin is moving up but that the Altcoins are moving down. We know the Altcoins are set to produce their strongest growth period since 2021. This Bitcoin Dominance index works as confirmation. It leaves no room for doubt. » Doubt can remain open as to whether the start of this rise will happen tomorrow or within a few weeks. Short-term, anything goes; the market can become erratic and produce some strong shakeouts, specially preceding a major wave of growth. But after 2-3 weeks, it is 1,000% certain that the entire Cryptocurrency market will be bullish and up. Regardless of what this index does or anything else for that matter. When the time is ripe, the market grows. The time is ripe right now... You will be happy with the results. Namaste.
CRYPTOCAP:BTC.DShort
by MasterAnanda
10
BTC Dominance at Crucial Support– Altseason Incoming OR Ending? 📊🚀 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 💙
CRYPTOCAP:BTC.D
by FX_Professor
3
Bitcoin Dominance: Don't Be So OptimisticHello, Skyrexians! My previous CRYPTOCAP:BTC.D forecast now is playing out well. I bet for the reaching 65.35% before drop, we have seen 65.5% which is almost the same. Now dominance is dumping, but I warned you it's not the end. Now I will give you small update. I will not cover higher degree waves, you can check previous articles, let's cover only this Elliott waves cycle. The wave 3 now is finished slightly above the 1.61 Fibonacci level and now is printing wave 4, to make sure that wave 4 is finished we want to see the Awesome Oscillator zero line cross and reaching the target area next to 63.5%. After that I expect wave 5, it's not going to be extended because wave 3 is extended, so, the target is 65.5% again to retest. After that we can wait for bigger correction to 61%. Best regards, Ivan Skyrexio ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:BTC.DLong
by Skyrexio
7
A Table to show you Money Flow when BITCOIN DOMIANCE MOVES A Simple Rule of Thumb can be followed when BITCOIN DOMINANCE moves up or down and it can save you a fortune if you use it properly. BTC.D - BTC - ALTS increase - increase - Decrease increase - Decrease - Decrease Rapid increase - Stable - Stable Decrease - Increase - Increase Rapid Decrease - Decrease - Decrease / Stable Decrease - Stable - Increase Currently we are seeing BTC.D Decreasing and yet the BITCOIN Price in Increasing and ALTS are INCREASING Tjhis is Great BUT you need to watch BTC.D like a Hawk now because when that changes and begind to rise again, as it will do one day, maybe soon maybe in a month....then the likly hood of ALTS dropping Quickly is high Bitcoin is now in heavy resistance and pushing through. Pay attention to how long it can do that The table above is your Saviour
CRYPTOCAP:BTC.D
by Orriginal
#BTC Dominance Update – Key Levels in Play!🚀 Hey Traders! 👋 If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥 Bitcoin dominance ( CRYPTOCAP:BTC.D ) is trading inside a beautifully defined rising channel on the 4H chart. 📈 What’s unfolding? ✔ Strong support holds at the lower channel line (marked by green arrows) ✔ Bounce potential toward the upper channel resistance (~65%) ✔ Expect possible rejection there, followed by another retest of support 💥 Why this matters: ✅ BTC dominance drives altcoin sentiment ✅ Rising dominance → pressure on altcoins ✅ Watch for a breakdown below support → potential altcoin relief rally ⚙ Key Takeaway: Monitor this channel carefully. If dominance breaks below support, alts could gain momentum. If it bounces, BTC will continue to lead. 💬 Drop your thoughts in the comments — are you betting on BTC or alts next? 🚀👇
CRYPTOCAP:BTC.DShort
by CoreCrypto1
Bitcoin Dominance - the two scenarios!Bitcoin dominance continues to rise after breaking out of a rising wedge pattern on the weekly chart. It has now also broken through the 0.786 Fibonacci level. Next stop is Rectangle 1, where Bitcoin dominance is expected to reach 68% — and most likely, this will mark the top of dominance before it starts to drop, triggering a historic altcoin season. Scenario 2: Dominance keeps pushing higher toward Rectangle 2, potentially surpassing 70%. At that point, many altcoins may form new lows, and weak projects could get wiped out. Fear in the market will hit extreme levels — but that could signal the beginning of an altseason and the collapse of BTC dominance. Best regards Ceciliones 🎯
CRYPTOCAP:BTC.DLong
by ceciliones
9
The Most Important Bitcoin Dominance Analysis!Hello, Skyrexians! This CRYPTOCAP:BTC.D analysis can be a little bit complicated, but this is very important update on our previous analysis. Dominance is next to the top, but now the period of unexpected moves has been started. Today we have 12h time frame to look at the internal wave structure. Tonight dominance hit the higher degree wave 3 target at 65.3% like I told you in previous article, but the subwave inside the wave 5 inside wave 3 is not finished. Let's count the waves for yellow cycle and we can see that there were no the wave 4 because Awesome Oscillator is still above zero. When it will cross it the yellow waves 5 will finish wave 5 inside wave 3. Now I expect the move to 63-63.5% then retest of recent high again then more significant correction and then another one wave to the upside - final big shakeout. Best regards, Ivan Skyrexio ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:BTC.DShort
by Skyrexio
7
Bitcoin: The Robot Taxi Driver We Didn’t NeedWhy Blockchain Is Driving the Future Without It In the 1990 sci-fi classic Total Recall, Arnold Schwarzenegger’s character hails a futuristic taxi only to be greeted by “Johnny Cab”—a creepy, clunky robot driver that awkwardly talks while struggling to navigate. Back then, audiences imagined a future where robotic taxi drivers would be commonplace. But instead, we got something far superior: fully autonomous, self-driving cars that render robot drivers unnecessary. The same is happening with Bitcoin. It was revolutionary, sure—but much like Johnny Cab, it’s outdated, inefficient, and rapidly becoming irrelevant in a world driven by advanced blockchain technology. Bitcoin: The Nostalgic First Step When Bitcoin burst onto the scene, it felt groundbreaking—just like the idea of robot taxi drivers in the Total Recall era. It gave us a new way to transact, free from centralized banks. People were thrilled, seeing it as the future of money. But here’s the problem: Bitcoin was never the endgame. It was merely the proof-of-concept—like Johnny Cab showing that, yes, you can put a robot behind the wheel… but does that mean we should? As financial systems evolved, Bitcoin’s shortcomings became glaringly obvious: ✅ Slow transaction speeds ✅ High fees ✅ Lack of scalability ✅ Energy inefficiency Meanwhile, blockchain technology—the real revolution—kept advancing, proving that we don’t actually need Bitcoin any more than we needed Johnny Cab. Enter Blockchain: The Self-Driving System Self-driving cars didn’t need robot taxi drivers, and blockchain doesn’t need Bitcoin. Blockchain is the foundation—an autonomous, self-sustaining system that underpins everything from finance to supply chains to digital assets. In fact, precious metals, equities, and commodities are all moving toward digitization—but not through Bitcoin. Instead, they’re being integrated directly into blockchain-based ecosystems that offer seamless, smart contract-driven transactions. The result? 💨 Faster 💡 More efficient 🛠️ Scalable & adaptable Bitcoin, on the other hand, is stuck in the past. It’s clunky, expensive, and increasingly unnecessary—just like a robot taxi driver frantically punching buttons while self-driving cars smoothly navigate the streets. Why Bitcoin Will Be Left Behind Much like how we skipped the “robot taxi driver phase” and went straight to autonomous vehicles, the financial world will soon skip Bitcoin entirely as blockchain technology takes over. Everything digital is moving toward streamlined, automated systems—systems that don’t require Bitcoin as an intermediary. So the real question isn’t, “Will Bitcoin survive?” It’s: “Why would we even need it?” Just like Johnny Cab in Total Recall, Bitcoin might be fun to look back on—but it’s not the future. Blockchain is the self-driving car. Bitcoin is the unnecessary robot driver. And in a world that values efficiency, guess which one we’re leaving behind? 🚗💨 INDEX:BTCUSD CRYPTO:BTCUSD NASDAQ:COIN NASDAQ:MSTR NASDAQ:MARA TVC:GOLD TVC:SILVER TVC:DXY SP:SPX NYSE:BLK NASDAQ:TSLA NYSE:GME INDEX:ETHUSD CRYPTO:XRPUSD CRYPTO:ADAUSD
INDEX:BTCUSDShort
by CassianDrake
1
Bitcoin dominance and the altseasonIn this chart, you can see the Bitcoin dominance from 2017 till now. The depth of the altseason was 35.14% and for the bear market we went up, up to 73.02. If we take a Fibonacci retrace level, we can see during 2021 altseason we were only retraced 0.893 or 89.3% what we lost during bear market. It was something new and for the first time, Bitcoin Dominance didn't make the new all time low. Following the same fact, I decided to find the possible levels for bitcoin dominance to top. we are getting closing the the 0.786, this level usually the last level that we could be bearish in any chart, however remember that last altseason we passed 0.786 but rejected at 0.893. My opinion would be we are reaching to the top of Bitcoin dominance sooner than later, I can easily see Alts are reversing from bearish in short term and BTC Dominace Maxing in stoch RSI. When you stay longer than usual in max excitation in stoch RSI you will be doing longer in opposite direction as well Max BTC dominance can reach 66.2% However, worse case scenario I am expecting at least BTC Dominace during altseason drop to 49.14% which is a historical support and also resistance during BTC season and Alt Season. Ideally, we should go down up to 45.30% as it would be the 0.786 of the range from 39.9% to 66.2% However, if we are able to make a new All time low in BTC dominance first idea place to see rejection or reaction would be 32.38%
CRYPTOCAP:BTC.DShort
by MehranVa1992
4
Bad News From Bitcoin Dominance: Pain AheadHello, Skyrexians! I got sick for these 5 days that's why has not shared updates, but market was very boring so we didn't miss any significant move. CRYPTOCAP:BTC.D concerns me now because to end this trend we need to see any significant correction, but we didn't. On the 12h Awesome oscillator was not able to cross zero line and reversed to the upside, so our main change is that daily time frame measures the wave 3 inside the major impulse. If we count waves inside this impulse price is approaching 1.61 Fibonacci level at 65.3% and trust me it's much better to see it's reaching before the drop. When this wave will be finished, wave 4 will happen. It can bounce significantly to 61%. This is strong target area and I am sure we will be there soon. Wave 5 can be extended, can be not. The max target is 71%! Sounds awful. The likely target at 66-67%, to make it more precise let's wait for wave 4 finish. I plan to close in profit those part of trades which has been opened after Feb 3 dump on this potential bounce to have money to add on the last huge shakeout. People believe in altcoins too much, very unlikely to have altseason now. Ready for hate! Best regards, Ivan Skyrexio ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:BTC.DShort
by Skyrexio
16