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Btc-dominance

$BTC marketcap critical point, signaling the alt season coming.CRYPTOCAP:BTC has reached a critical 60% dominance level, which in the past has often signaled the start of an alt season. While history doesn’t always repeat itself, several other indicators confirm this signal: - Stochastic RSI is highly overbought - Bearish divergence - MACD is also in overbought territory Based on my analysis, altcoins are likely to see some relief in November, potentially pumping and outperforming $BTC.
CRYPTOCAP:BTC.DShort
by CryptoNikkoid
29
BTC Dominance Update - Alt season confirmed ?#BTC.D #Analysis Description --------------------------------------------------------------- + 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. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTOCAP:BTC.DShort
by VectorAlgo
When Bitcoin gets to $100K.Whats Plan B when #Bitcoin gets to $100K. Ok the hype is back. Tighten your belt. Cut your expenses !!! Live like a poor person now so you can BE rich person later. I will keep doing the same thing I’ve done for the last three years…DCA every DIP every DIP DIP... Look BTC.D 1) 2016-17 Continue Down Trend round about 549 Days and -63% 2) 2020-21 Continue Down Trend round about 640 Days and -47% 3) Now can expect, 2024-25 Down Trend round about 456 Days and -37% Ok, Bitcoin Bull rally 2016-17. Previous ATH Break, After halving around 180 Days. Bull Rally Continue Next 344 Days, After ATH, Around 2500%. Alright, Bitcoin Bull rally 2020-21. Previous ATH Break, After halving around 203 Days. Bull Rally Continue Next 133 Days, After ATH, Around 224%. Down Trend Continue Next 96 Days, After ATH, Around -55%. Bull Rally Continue Next 113 Days, After Down Trend, Around 132%. In case you still haven't realized, the ALT szn officially started... As BTC all time high is imminent before the halving, the alt season calmly started. The season of the green dildos is open, Yep, that's it, alts are jumping on the back of papa BTC do next mother of rally. Enjoy BTC mini $150K Enjoy Alt mini 10X to 50X even 100X. Top Priority AI RWA DeFi Meme Gaming Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @frmnCapital
CRYPTOCAP:BTC.DLong
by frmnCapital
CRYPTORE REVOLUTION: BTC.D - ALTS RUNNING FOR POWER📣 Hello everyone! Since 2017, the full picture on the Bitcoin dominance index chart has remained incomprehensible to me, at least because of the short history. Now, 7 years later, for myself today I clearly understand that the trend on the BTC.D index is clearly downward, and all upward rollbacks are corrections to a long-term downward trend. I believe that a global triangle is forming on the Bitcoin dominance index chart, which will be broken down and Bitcoin will begin to rapidly lose its dominance. The 20% target could be achieved by 2027. ⚠️ Think for yourself, decide for yourself - good luck in making independent trading decisions and profits ✊ Goodbye!
CRYPTOCAP:BTC.DShort
by AnonymousTraderAcademy
Forecasting Bitcoin Dominance and the Upcoming Alt SeasonWe'll try to predict the movement of Bitcoin Dominance. The last cycle from bottom to top took approximately 1085 days. If we apply 1085 days to our cycle, it turns out that Bitcoin will complete the growth of Bitcoin Dominance around May 6, 2024, coinciding with the channel's peak around 58% ±. The channel's bottom will act as the 32%± zone and indicated a rapid fall in 133 days as it happened in 2021. We are already close to the alt season. What about Bitcoin? For Bitcoin, I will wait for a signal on the 3-week timeframe that the growth has finished. I will no longer guess corrections :)... CRYPTOCAP:BTC #Bitcoin What is bitcoin dominance? Bitcoin dominance is the ratio between the market capitalization of Bitcoin to the total market cap of the entire cryptocurrency market. It gives a sense of Bitcoin's value relative to other cryptocurrencies, and is frequently used by investors and traders to try to help them make better investment decisions. Indicator (for 3-week timeframe):
CRYPTOCAP:BTC.DShort
by UnknownUnicorn285026
7
BTC.DWhen alternative cryptocurrencies (#Altcoins) show strength and outperform Bitcoin ( CRYPTOCAP:BTC ), it serves as a significant indicator. The mention of the BTC dominance chart potentially nosediving implies a shift in market dynamics, indicating increased interest and investment in altcoins compared to Bitcoin. This shift may signal changing investor preferences and a potential trend where altcoins gain prominence in the cryptocurrency market. #BTC📷 #cryptocurrency CRYPTOCAP:SOL CRYPTOCAP:DOT #Solana CRYPTOCAP:MATIC #Polkadot
CRYPTOCAP:BTC.D
by TheCryptoCity
🔥 Bitcoin's Final Sell-Off Before The REAL Bull-Market Started!If you enjoy this analysis, please like and follow. Intro: History has taught us that while events may not play out in the exact same fashion every time, they do tend to follow similar patterns. With Bitcoin, these patterns are particularly evident. This repeated pattern hints that big changes might be coming in the market. Bitcoin's Five Phases: Looking at the chart, it can be divided into five different phases. Each phase represents a specific trend or behavior that the market follows. See the chart. The Final Sell-Off: According to the phases mapped out, it seems we are now possibly at the start of the final sell-off phase, denoted in purple on the chart. This phase suggests a short-lived bearish trend before Bitcoin embarks on its next bull run, which, in my view, will start somewhere in 2024. Predictions: While forecasts should be taken with a pinch of salt, I believe that the bear market low was $15,500. Although this low has already been seen, the market could see a retest of the $20,000 area, especially with September being historically unfavorable for both stocks and cryptocurrencies. Opportunity with Altcoins: For those still waiting to load up on their favorite altcoin, the final sell-off phase tends to be an great moment to consider altcoins. Why? During this phase, altcoins typically diminish in value compared to Bitcoin. This makes them relatively cheaper and could offer increased upside potential when the real crypto bull market will eventually start. This is in line with my most recent Bitcoin Dominance analysis below. Are you bearish or bullish? Share your thoughts in the comments 🙏
INDEX:BTCUSDLong
by FieryTrading
38