BTC dominance regaining strenghIn lower time frame, it looks #bitcoin #btc dominance is about to make a bounce after the recent short term dump.
Bitcoindominance
$ETHBTC x $BTC.D#Altseason is inevitable!
CRYPTOCAP:BTC.D ➡️📉 BINANCE:ETHBTC ➡️📈
#Ethereum is undeniably a major leading force and a major indicator for #Alts .
#Bitcoin dominance is at major resistance level while BINANCE:ETHBTC is rejected at major support level and is poised for an epic comeback!
Bitcoin Domination REVEAL! Dollar system copy.People often talk about Bitcoin Dominance CRYPTOCAP:BTC.D , but mostly just about the chart, not about the hidden monetary system around it.
The fiat system has the dollar, which is like Bitcoin for all other crypto but for other currencies. The dollar is the world’s reserve currency not just because we want it to be. This is a rule of the massive and complex real financial system, which could NOT change significantly even within 10-20 years. I have a strong understanding of this topic, but this post is about the really important question: “When will altseason happen?!”
Most top altcoin founders have a lot of BITSTAMP:BTCUSD & $BITSTAMP:ETHUSD. These two assets are the oldest in crypto, and because of this, they contain all the liquidity in the market. Any altcoin has a mission for its founder—to gain profit: more BTC, more ETH, more USDT. Because of that, from time to time, we see weak altcoins and a strong Bitcoin. At this moment, they buy and pump altcoins a lot.
The top chart is Bitcoin Dominance against other tokens. And now (31 Oct 2024), we see Bitcoin at an all-time high and altcoins nearly dead. But wait for it; you will see that liquidity will jump into your favorite token.
The bottom chart is TVC:DXY , meaning the dominance of the dollar against other currencies. That’s why I think the Bitcoin team (corporations, not Satoshi) built a fiat-like system, and we should expand this theory to understand more.
Remember, the end of 2025 - the end of the bull market.
Bitcoin Dominance Update: BTC.D is about to surge to %68Bitcoin dominance has broken the main long-term resistance on the weekly and monthly charts, making it very bullish and likely to reach new highs.
In this case, we expect Bitcoin to dominate the crypto market and surpass altcoins in gains. After reaching the target of 67%, we can anticipate the alt-season to start, marking the time for altcoins to make moves.
I'm not sure if we’ll have an alt-season like before, but some altcoins are likely to experience good returns. DYOR
$BTC.D Hits 60% - What's Next?CRYPTOCAP:BTC has pumped over 10% the last few days which sparked Bitcoin Dominance to reach the long awaited 60% milestone.
Depending on how strong the weekly close is, CRYPTOCAP:BTC.D could reach as much as 65% before Alts start to play catch up.
1 week away until the US Presidential Election, with the following day FOMC bringing another round of rate cuts.
Things could get wild real fast. Buckle up!
Bitcoin Dominance is getting closer to target.I think that Bitcoin Dominance should touch this target before bull market.
Afterwards, I think the altcoin bull market we have all been waiting for may begin.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Bitcoin the Dominatrix: Leading the Crypto Charge💥👑 Bitcoin the Dominatrix: Leading the Crypto Charge 📈⚡️
Hello everyone! Bitcoin is asserting its dominance yet again! Following a period of geopolitical turmoil, Bitcoin has not only held steady but has begun pushing through resistance near $69,000, underscoring its strength and growing market share compared to altcoins.
Dominance Highlights:
Bitcoin vs. Altcoins: Bitcoin is up 1.43%, while Ethereum lags at 0.49%, and altcoins overall are down 0.9%. This trend reflects Bitcoin’s expanding “dominatrix” role in the crypto space, capturing a larger slice of the market with every price rally.
Safe Haven Status: Like gold, which is also hitting new highs, Bitcoin is behaving as a safe-haven asset, especially appealing in volatile times. Investors continue to favor it for stability, and its price action is suggesting a potential next target of $79,000, with further levels to monitor.
Future Price Potential: As we look toward 2024, Bitcoin’s path may lead it to all-time highs, with targets of $115,000 and even $160,000 on the horizon, as post-election market movements often fuel further growth.
Bitcoin’s strength is undeniable, but resistance levels should be watched closely for those trading this wave. With each step, Bitcoin solidifies its role as the leader in crypto.
One Love,
The FXPROFESSOR 💙
Charts:
Bitcoin Dominance 15m :
Bitcoin Dominance 4h:
Bitcoin:
Alts Total3:
$BTC.D Near 60% - Cue Altseason?Bitcoin Dominance continues to rip nearing its target of 60%
You can see the 2 major trendlines about to converge, similar to what we saw in March 2020 which was followed by more rate cuts.
We could expect CRYPTOCAP:BTC.D to break trend, and fall under the 50WMA, cueing a short-term Alt season, and then Bitcoin stealing the show again with more institutional buying on the horizon.
This could bring one last shakeout to the Altcoin market, before BTC.D completely falls off a cliff and the entire market goes parabolic.
Altseason Alert: Watch This Bitcoin Dominance Pattern Closely!Hey everyone!
If you’re enjoying this analysis, don’t forget to hit the 👍 and follow for more updates!
We’ve all been waiting eagerly for one thing—the Altseason! I know it can be frustrating hearing "Altseason soon" while altcoins seem to be moving sideways. But remember, the longer we wait, the bigger the rewards could be when it finally arrives.
Now, let's dive into the Bitcoin Dominance chart, because Altseason largely depends on it.
As you can see, dominance is forming a rising wedge pattern on the daily time frame and is currently showing rejection from the upper trendline. If we get a strong rejection here followed by a breakdown, it could be the spark that kicks off an incredible Altseason.
The key here is patience. Stay strong, hold your altcoin bags, and get ready for the big move!
Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
Bitcoin Dominance BTC.D Pushing Higher Toward 60% LevelFinally some strong moves in money flow into Bitcoin.
We can see the Bitcoin Dominance BTC.D Pushing Higher Toward 60% Level.
This is a strong signal that money is flowing into Bitcoin, likely from BTC ETF's.
The biggest thing holding it back in my opinion is the DXY has been pushing higher also, but is at a resistance level, and will likely drop from here.
So we're likely close to a rally in Bitcoin, but I think we'll see a few days of retracement 1st.
Nice looking upward trajectory on BTC.D here.
BTC: I think it'll go to 58KIf the break out from this bull flag will happen in this month I expect a retracement to the middle fo the flag (more or less 58K or a bit lower) and then a pump toward the break out.
DXY is going up but so BTC.D as you can see here:
I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would flow into fiat or stablecoins. However if we remain on BTC chart analysis on 4h there is a bullish DIV on RSI and a hidden bullish DIV on OBV. Moreover with the weekly shaping this way
it's really unlikely we'll see a green candle this week, so plenty of time to make a new local low.
Take the occasion to buy the alts you think are interesting and with good potential.
Good luck.
BTC Dominance May Take Reaction From HereDOM can get reactions from here. It makes this pattern frequently after sharp rises. Be careful on alts.
Rising Wedge Targeting Weekly SupportBTC Dominance has formed a rising wedge right into weekly resistance. If it loses local support around ~54-55%, it may drop to weekly support around 44-47-49%.
This could mean the entire market drops hard, or if Bitcoin holds up for the most part, it could instead mean a potential run for altcoins.
Bitcoin dominance breaking 59% and holding above it invalidates this idea.
Sell Signal For Bitcoin DominanceOn Friday, my indicator combo gave us a big old SELL, meaning dominance by Bitcoin is about to dump. This does not mean the price of BTC will drop. In fact, it could continue to rise.
What it signals is that the altcoin market is about to 🚀🚀🚀! Therefore, if Bitcoin rises, Altcoins will rise even faster. Get ready! The rocket ship is about to launch for alts. Bull run incoming.
BTC.D is going where I thoughtTHere isn't much to say beside BTC dominance is going up to that resistance between 60% and 62% as I anticipated many months ago. It's likely we'll still have some bleeding for altcoins but as soon as BTC.D will reach that level I expect it to range close there after a rejection and follow the scheme you can see here
Just keep buying what you like, altseason is close!
Good luck!
Bitcoin FULL Analysis PART 2In a previous analysis, I discussed the relationship between Bitcoin, the Altcoin market and Bitcoin Dominance.
An important rotation exists between these three; and by using TOTAL3 together with BTC.D, you can get a clearer picture of where BTC is trading in the current cycle.
In this video, I make an important suggestion based off Elliot Wave Theory. This theory is backed up by the points mentioned but also by the Logarithmic view:
From the log scale, we can see BTC is still trading relatively low compared to previous cycle top-outs. So the question remains - the end... or just the beginning?
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COINBASE:BTCUSD BINANCE:BTCUSDT CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
BITCOIN DOMINANCE UPDATE: WHEN ALTSEASON?Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin Dominance is a key indicator for potential altcoin seasons. While there's been anticipation, the market hasn't shown significant changes yet. Let's analyze the Bitcoin Dominance chart for clues.
On the weekly timeframe, Bitcoin Dominance has formed a large rising wedge pattern and is approaching strong resistance. This level acted as support in 2019-2020 but has now turned into resistance.
We're currently in a potential "maximum pain zone." This period can present opportunities to accumulate promising altcoins for potential gains during the upcoming bull run.
Important to note: Accumulating now might involve short-term losses of 20-30% due to market manipulation. However, the potential for 20x-30x returns during the bull run makes this risk worthwhile for some.
Key Takeaway:
Seize the Opportunity: Start accumulating quality altcoins now to capitalize on the potential bull run.
Embrace Risk: Be prepared for short-term losses to reap long-term rewards.
Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
Where is Bitcoin Dominance headed?CRYPTOCAP:BTC.D 1W chart;
Bitcoin Dominance has been moving horizontally at the same level for 3 weeks.
Let's not forget that the chart is weekly.
Although I think it will most likely return from the 58.25% level , I also stated that it may be better to go down after at least testing the 62.52% level above. The reason is that this will be very useful in the next bull cycle.
Considering the immediate level, it will start a downtrend with a close below the level indicated as +OB .
The noteworthy point here is the orange circle; the Golden Cross formed by the combination of 50EMA and 200EMA . This is a bullish sign.
However
After such a deep and prolonged decline, it would not be right to expect the chart to change direction and rise with the first Golden Cross . For this reason, I should mention that the level around 47% is important.
If the 47% level does not break sharply downwards, it may use this as support and start rising. If it breaks, we may see a decline up to 40%.
BTC : HARD DROP Likely BEFORE New ATHHold on to your horses - in today's analysis we're going to do a really deep dive on Bitcoin, the altcoin market (TOTAL 3) and Bitcoin Dominance (BTC.D) Make sure you watch all the way until the end to reach the final conclusion!
In this video, I systematically point out two main reasons why the corrective phase isn't over, as well as what could possible happen NEXT based on the rotations between alts and BTC.
COINBASE:BTCUSD COINBASE:BTCUSDT CRYPTOCAP:BTC CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
For months I've been anticipating a multi-month corrective pattern, before another impulse wave up which I believe leads us to our final all time high (ATH) for this bullish cycle. Although I've said "multi-month" quite a few times... who knew it would be such a drag! I nearly thought BTC was ready to turn towards the upside, but after THIS* happened (together with the analysis in the video) it's likely we're still heading lower:
*https://www.tradingview.com/chart/BTCUSD/h2bMes4J-BTC-FINALLY-Bullish-BREAKOUT/
THIS* is referring to my update on BTC two days ago, where it seemed like a bullish breakout. At this point however, the price is not able to hold the support zone (which was the condition I listed) and therefore it's likely a fakeout.
If you're looking for the idea I referred to in the analysis on the Altcoin dump find it here:👇
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Altcoin Season Approaching? BTC Dominance Signals Major Shift!Yesterday, Bitcoin Dominance (BTCD) tested the 50% Fibonacci resistance level at 2,848, resulting in a significant daily bounce off this key level. Today, BTCD is attempting to break higher. However, if the daily close remains below this resistance, we anticipate a sharp decline.
In this scenario, Bitcoin Dominance could experience a substantial pullback, potentially targeting the 50% Fibonacci support area near 2,600. This support level not only aligns with Fibonacci analysis but also corresponds to a previous resistance zone, indicating strong market activity at this point.
If this bearish scenario unfolds, it may signal the onset of a robust Altcoin Season. Traders should prepare for the opportunities that may arise during this period!
Bitcoin Dominance Update: Potential Market Dump!The Bitcoin Dominance chart has just reached a key resistance level, which is expected to trigger a rejection and initiate alt-season. However, given the market's volatility and technical structure, another short-term bearish scenario is also anticipated. In this scenario, BTC dominance could spike up to 67% over the next two months, potentially until November-December 2024. On the other hand, if the resistance level is rejected, we can expect a market pump accompanied by a strong alt-season. DYOR
BTC Dominance Update - Alt season confirmed ?#BTC.D #Analysis
Description
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+ Bitcoin dominance (BTC.D) has surged to a local high amid a sharp decline in altcoins, driven by recent recession fears. This rise in dominance has brought BTC.D close to a significant resistance level, a key area to watch for the potential start of an alt season.
+ The current BTC dominance is hovering around 57%, near a major resistance line. Historically, a rejection at this level has been crucial for the onset of alt season, where altcoins outperform Bitcoin.
+ Looking at past trends, alt season has typically followed a rejection of BTC dominance from this resistance. If history repeats itself, a pullback from this level could signal the beginning of a strong altcoin rally.
+ Should BTC dominance begin to decline, the next significant support level is around 40%. A move towards this support could trigger a substantial shift in market dynamics, favoring altcoins.
+ A downward trend in BTC dominance from current levels would likely fuel a major alt season, as capital flows out of Bitcoin and into altcoins. This scenario could present significant opportunities for traders focusing on the altcoin market.
Conclusion:
BTC dominance is at a critical juncture, with its proximity to a key resistance level potentially setting the stage for the next alt season. A rejection at this resistance could lead to a decline in dominance towards the 40% support, igniting a robust rally in altcoins.
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VectorAlgo
Is #Bitcoin Dominance falling down?#Bitcoin Dominance 1W chart;
I would like to start by telling you that I have some good news
As I mentioned in the previous chart, 58.25% and then the OB resistance level of 62% are important.
I think it will have much more positive effects if it reaches 62% because it will weaken the resistance at this level.
This is the level that will help us in the next bull cycle. That's why I care about it.
Now for the good news...
As can be seen on the weekly chart, the RSI seems to have begun to mismatch.
After a fake out to the resistance level at 58.25%, I think that it will ease down for the initial target of the pattern.
After the 50% level is seen, I expect it to start a rise again and to turn its direction down as it tests the OB level, which is the second resistance while completing this pattern.
