#BTC DOMINANCE, LAST OPPORTUNITY TO BUY CHEAP ALTS!Bitcoin Dominance is currently around 60.51%, keeping BTC in the 68k–70k range while altcoins drop 20-40% from recent highs.
This pattern is common in bull runs, as rising BTC dominance typically pulls altcoins down. In my experience, a rejection zone between 64% and 65.81% could trigger an altcoin rally while BTC hits new all-time highs and moves sideways.
Here are three key points to watch:-
1. BTC Dominance reaching rejection levels.
2. BTC closing above the monthly resistance of $71,378.
3. Altcoins holding higher time frame supports and showing reversal signs.
If these align, it could be a strong opportunity for altcoins.
Patience here pays off – holding USDT or stablecoins now could let you buy altcoins at lower levels soon.
I'll be sharing important updates as needed. Currently, I’m on complete bed rest due to a fractured wrist and some deep wounds, but my DMs are open if you need to reach out. I'll do my best to answer questions whenever I'm able.
Thank you for your understanding!
For now, stay focused, and let’s spot these opportunities.
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Thank you!
Btcdominancechart
Dominance & Altcoins- This graph is purely based on fibonacci law.
- 61.8% is the core of the system ( check rectangles in graph to get it )
- Most of long term traders not even look at the price.
- they just wait the good time to buy using Fibo.
- in 2016 BTC was almost 100%. Altcoins were inexistant. (less than 2% of the market with ETH)
- in 2021 BTC Dominance pushed to 75% (altseason followed the push)
- in 2024 we could see BTC dominance knocks 60% ish ( Altseason will follow )
- BTC is maturing.
- Cryptos are growing.
- Don't look too much at your altcoin wallets.
- Most of the time the story repeats itself.
- Respect the cycle, be patient and eat noodles!
Happy Tr4Ding !
What's next - the Altseason or the strong growth of the $BTC? 💶 What's next - the Altseason or the strong growth of the CRYPTOCAP:BTC ? $ CRYPTOCAP:BTC.D thought about it.
Even though CRYPTOCAP:BTC is currently going down, there is no doubt that CRYPTOCAP:BTC will make a new high soon. Perhaps this correction phase will end this month.
Next, November 5, another election in the USA, And... Growth?
I think so, but we will soon see how it will be.
And as for Altcoins, what about them?
Here, everything is not so clear. CRYPTOCAP:BTC.D does not want to go below 57%, which means a higher hike, up to 69%, is possible.
This was the case in 2020 when the last US presidential election was held.
History tends to repeat itself.
We don't know how it will be this time, but we can safely say that if so, the altseason will be postponed until the new year. The time has come for CRYPTOCAP:BTC
And what do you think about it?
BTC.D based on 1d chartHey Traders!
We're approaching a crucial moment for BTC dominance as it hovers around a key resistance zone. I'm anticipating a potential breakdown, with the possibility of it revisiting the low of February.
Stay sharp and make the most of the market opportunities ahead!
Happy Trading!
BTC DOMINANCE / BTC.DI think #BTC.D is done>>
Good Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
BTC.D Chart Idea - ALT Season Coming?BTC.D already broken the rising wedge in May/June this year and now retested strong weekly resistance at 57.17% in the first week of Aug this year when global markets went down. IMO, it was a capitulation event for this year before the next big leg up in all assets. A lot of people are concerned and asking about the ALT season this bull market. I believe this market is doing the same as it did back in the previous cycles. Once the BTC.D starts going down, you will see crazy pumps 50-100x pumps in low caps, 10-20x in mid caps, and 4-5x in higher cap coins. IMO, we will see the ALT season very soon and it can start as early as the first of week of Sept or can even further take 3-4 week, but we are just right there. Hang on to your coins guys if you had bought in the bear market.
NOT A FINANCIAL ADVICE. DYOR!
The BTCDOM/USDT chart shows Bitcoin's dominance in the marketThe BTCDOM/USDT chart shows Bitcoin's dominance in the market, with current trading levels around 2,782.5. The price action has seen significant movements, including sharp rises and corrections, indicating a highly volatile market.
Key Points:
Support and Resistance Levels:
The price recently tested a high (HH) near 3,005.8 but faced strong resistance, leading to a correction.
Support has been identified around 2,754.8, where a recent long position was initiated. This level could serve as a crucial point for further upward movements.
Recent Trade Setups:
A long position was taken at 2,754.8, aiming for multiple take profit (TP) levels. The first TP level at 2,734.8 has been hit, and the price is now approaching the second TP at 2,714.9.
A short position was also entered near 2,763, but the price has since moved higher, possibly hitting the stop loss (SL) at 2,834.4.
Current Scenario:
The price is currently in a consolidation phase, moving between the key support and resistance levels. If it breaks above the recent high, it could retest the resistance around 2,834.4 and potentially move towards 3,000. Conversely, a break below 2,754.8 could lead to further declines, with potential targets around 2,688.4 and 2,635.3.
Potential Targets:
On the downside, the price might target the levels of 2,688.4 (TP3) and 2,635.3 (TP4) if the current support fails to hold.
On the upside, the key resistance levels to watch are at 2,834.4 and above, which the price needs to overcome to resume a bullish trend.
Conclusion:
BTCDOM/USDT is at a critical juncture, with the price testing key support and resistance levels. Traders should monitor the price action closely for a decisive breakout or breakdown, as this will determine the next significant move. Holding above 2,754.8 could indicate bullish potential, while a fall below this level might lead to a deeper correction.
BTCDOM at the threshold of a strong impulseA very interesting situation is now observed on such a ticker as BINANCE:BTCDOMUSDT.P - bitcoin dominance index released by Binance. It differs from CRYPTOCAP:BTC.D in that it shows bitcoin dominance to the top 20 altcoins.
On the weekly chart of BINANCE:BTCDOMUSDT.P there is a very old AMEXP model from June 5, 2023, which essentially describes the entire current uptrend on this index. So within this model there was a target value of 100% level (2625.1), which has been a resistance for 112 days and during this time there were 4 attempts to test it.
In case we see a breakout, there may well be a very strong impulse, which will be accompanied by great volatility in the market.
What two scenarios could work at this point?
1️⃣ Index growth will be due to the fact that the top 20 altcoins will stand still/fall on the background of INDEX:BTCUSD growth.
2️⃣ Index growth will be due to the fact that the top-20 altcoins will fall faster than INDEX:BTCUSD will fall.
#BTC.D Altcoins Dumping?? This is what you need to know!Here's the current dominance chart. Notice the breakdown? This move appears to be more of a retest and it's nearly complete. That's why I'm accumulating some altcoins during dips. Futures trades are risky right now, so I'm holding off on sharing much in that regard.
We need to wait for a strong rejection, which seems likely to happen soon.
Patience is key, everyone.
This is the move we've been anticipating for a couple of years.
Let me know what you think in the comments section.
Please hit the like button, Thank you
#PEACE
Chart Idea - BTC.DBTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
Bitcoin Dominance UpdateBTC.D was rejected from the channel's trend line and consolidated above the 55% zone (blue). It then broke down and found support at the 54% zone (green).
If BTC.D falls below this 54% support, it could drop to the 53% zone (yellow), which would be positive for altcoins, as a lower BTC dominance usually benefits them.
However, if BTC.D bounced back from the 54% zone back to the 55% zone, it would be very bad for altcoins, as previously BTC.D bounced many times from this zone. Increase in dominance causing further declines in the altcoin market.
#ALTSEASON is knocking the door! Are you prepared??#BTC Dominance: The Moment We've Been Waiting For.
The true alt season begins when ALT/BTC pairs start displaying strength, and I believe we're already seeing signs in several altcoins. I'll be sharing more details soon.
The liquidity exiting the market is poised to flow into solid altcoins.
You have to be patient, No FOMO!
Follow me if you don't yet, and hit the like button if you find my insights helpful.
When I start entering the altcoins, you'll be first to know! Be patient.
Stay strong folks.
#Crypto
Do hit the like button if you like it and share your views In the comment section.
THANK YOU
#PEACE
did you notice what's happened in BTC.D (bitcoin dominance) hereafter good jump from 53.76%, we faced our big resistance which percent is 56.09%
then we saw a good correction from what we bounced .
here we are again at that strong support line which is 53.76%
we have two scenario for future:
1.we break down that support line(53.76%) which can cause our btc dominance weakness
2. we break up that yellow range and start another leg up to 56.09%
why should we analyze BTC.D chart?
watch and analyze this chart will give you a good insight for understanding where is money going throw , bitcoin or alt coins.
Beginning of Alt-Season?As you can see BTC.D making huge divergence, and Bitcoin's volume going down bit by bit. Doesn't mean that Bitcoin gonna go down right away, maybe it is time to BTC to cool down a bit. 47% is reasonable target, but could go down till 43%. Longer it goes down better for Altcoin and Alt-season.
Will do update on some of the altcoin.
#ALTSEASON CHEAT Sheet 2024! When to ENTER ALTS???Hello everyone, welcome to the article!
I'm Cryptorphic, and since 2018, I've been accurately predicting BTC Bottoms and Altseasons. I'm eager to see if we can do it again this time! Those who've been with me for a while know this isn't about boasting, but rather about getting your attention on the right track.
By the time you finish reading this article, you'll have a good idea of how and when you can enter Altcoins!
If you want to see my track record, check out my past dominance charts from 2018 onwards!
Altcoins are currently trading 50% to 70% down from their recent highs in February and March. Is it the right time to enter altcoins, or should we wait? All your questions will be answered here!
BTC dominance is currently facing rejection on the weekly chart around the 57% resistance, now trading at around 54.20%. Even though this rejection is visible in the chart, altcoins aren't moving much. Historically, May has been bearish, so the next few weeks will be important for altcoins.
When to Enter Altcoins:
This is probably the right time to start scaling in with small fractions. You won't be able to enter every altcoin you like exactly at the bottom, so we DCA! I've already made a list of 15 altcoin gems which I will post soon, so follow me if you don't already! And make sure we are connected on other platforms too.
Best Time to Enter Altcoins:
Technically, May is Bearish for the whole crypto market. And it brings opportunities!
If BTC dominance somehow pumps and touches the 60% level, we will see the final dip in altcoins.This will provide us with the best entry possible in altcoins, where we will enter hard. I am patiently waiting for that to happen.
I am expecting this to happen in the next 2 to 4 weeks.
This means May and the beginning of June will be the time to accumulate Altcoins!
Keep in mind that most of the time traders make money is when most of the people aren't really interested in the asset, which applies to altcoins in the current scenario.
Conclusion:-
Dominance is expected to touch a high point of 60%+, signalling potential opportunities in many altcoins. Our goal is to accumulate the best altcoins that haven't seen significant pumps yet, backed by reputable VCs, and featuring solid tokenomics and on-chain metrics. It's also essential to evaluate multiple factors like the team, token unlocks, inflationary and deflationary aspects, and more.
If you're unsure about how to navigate this, just follow me for future updates!
Always do your own research, This is not Financial Advice!
If this post brought you value, please hit the like button. Your likes and comments keep me and my team motivated.
Thank you.
#PEACE
Chart Idea - BTC.DBTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
🔥Understanding Altseason: Timing and Duration🚀✍️Altseason refers to a period in the cryptocurrency market when alternative coins (altcoins) significantly outperform Bitcoin.
This phenomenon typically follows Bitcoin’s halving events, as capital begins to flow from Bitcoin into altcoins.
The most notable Altseasons occur when ALT/BTC pairs gain strong market traction.
✍️The duration and intensity of Altcoin bull runs can vary, often featuring multiple Altseasons within a single crypto bull cycle.
The most prominent Altseason generally occurs after the peak of Bitcoin’s bull run, coinciding with a surge in market participation. This phase often sees exponential growth across the board, affecting cryptocurrencies regardless of their market cap.
✍️Analyzing the Bitcoin Dominance (BTC.D) chart reveals potential resistance levels between 57.23% and 58.2%. A rejection at these levels could be the catalyst for a widespread rally in the altcoin market.
Historical Perspective on Altseason:
- 2016 Altseason: Lasted approximately 546 days.
- 2020 Altseason: Spanned nearly a year, marking a 33% reduction in duration compared to 2016.
- Projected 2024 Altseason: Expected to last about 273 days, beginning between the last week of May and the first week of June 2024.
Conclusion:
The current trends in BTC Dominance, alongside historical data, suggest that the next Altseason could begin within the next 6 to 7 weeks.
Any market corrections during this period could offer strategic buying opportunities.
Note: Always conduct your own research (DYOR). The above analysis is not intended as financial advice.
Please hit the like button and share if you find this helpful.
I suggest bookmarking this chart for future reference.
#Altseason #BTCHalving
The King iz dead - long live the King!Hi mates! Im fine, thanks :)
The spirits of the forests and the imperial stormtroopers clashed in a fierce battle and the light of their suffering and rage illuminated the direction where the Great Ancient was stealthy heading. I saw it and sketched it here to bring you the truth! BEHOOOOLD!
Thy worshiperz of the Elderness will consider this heresy, but it is not!! - accept the true world without fear, but with understanding. And if this happens, press the rocket button ;)
OTSEA: Microcap That Could Make You a MillionaireWhile BTC.D continues to rise towards 65%, microcap tokens maintain their dominance, marking the beginning of the pre-bull run, which means you can invest in almost any microcap and make money. Those of us who have been in this for more than 4 years know it. But look at this token: OTSEA, which, even in its beta state and with only 5000 holders and OTSEA IS ONLY ON ITS BETA, the team is really strong and with big potential, OTSEA has grown exponentially and is still expected to grow by the end of this year to: 1 OTSEA = 1 USD. Therefore, I recommend getting in now. The fall of BTC.D from 65% to 20% will be an increase for microcaps to enter the top 100, and OTSEA has the potential to go into the top 70. This bull run will be much bigger than the last, don't miss this opportunity. In a few months, you will see OTSEA above 5 dollars and will have wished to be one of those who got in early.
#btcd #bitcoin dominance preparing a new leap? Beware!..#crypto market is greedy nowadays. But when everyone is greedy, take extra caution.
Money flowed into #altcoins , while #btc price is moving sideways and naturally #btcdom indice is slightly corrected. But BTC.D is about reach the support region and it' s probable that it may bounce there.
If bounces hard, that will surely take money from altcoins if there' s no money inflow to the crypto exchanges from outer globe. (While btc price goes up)
If there' ll be dump on btc, altcoins may have a blood bath.
NOT FINANCIAL ADVICE.