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Bullrun

Alt Season is Coming!!! Event Overview On November 9th, 2024, Bitcoin dominance in the cryptocurrency market experienced a significant drop of 3.2%, falling from to . This event coincided with a notable surge in Ethereum's price, which saw a dramatic increase of 43% over the same period. This pattern highlights the cyclical behavior within the cryptocurrency market, where liquidity flows from Bitcoin to alternative coins (altcoins) such as Ethereum and Solana during key shifts in market dynamics. Key Observations Bitcoin Dominance Drop: Bitcoin dominance measures Bitcoin's share of the total cryptocurrency market capitalization. A decline in this metric typically indicates that investors are diversifying their holdings into altcoins. The 3.2% drop on November 9th suggests a significant shift in investor sentiment, with traders taking profits on Bitcoin's gains and reallocating capital into other cryptocurrencies. Ethereum's Surge: Ethereum, the second-largest cryptocurrency by market capitalization, responded to Bitcoin's dominance decrease with a sharp 43% price increase. This aligns with historical trends where Ethereum and other altcoins benefit from liquidity rotations as retail and institutional investors diversify into higher-risk, higher-reward assets once Bitcoin's momentum slows. Market Behavior: The behavior observed on November 9th exemplifies the "altseason" phenomenon. This term describes periods when altcoins outperform Bitcoin, often triggered by: Profit-Taking in Bitcoin: Investors cash out after substantial BTC price gains, leading to reduced dominance. Increased Risk Appetite: After Bitcoin stabilizes, retail investors and traders seek growth opportunities in altcoins, which often have higher upside potential during bullish phases. Ethereum as a Gateway Asset: As the largest altcoin, Ethereum frequently acts as the initial beneficiary of liquidity flow, serving as a bridge between Bitcoin and smaller altcoins. Solana and Other Altcoins: While Ethereum saw the most significant surge, other altcoins such as Solana also experienced gains as the liquidity rotation expanded beyond Ethereum. This cascading effect reflects a typical pattern where capital initially flows into major altcoins (e.g., ETH) before moving into mid-cap and small-cap cryptocurrencies. Implications Correlation Analysis: The event underscores a direct correlation between Bitcoin dominance and altcoin performance. When Bitcoin dominance drops, liquidity often shifts into altcoins, driven by profit-taking and increased speculative interest. Investor Strategies: For traders and investors, monitoring Bitcoin dominance can serve as an early indicator of altcoin market opportunities. A sharp decline in BTC dominance often signals the start of an altcoin rally. Market Cycles: Understanding these market dynamics is critical for timing entries and exits. Investors who recognize the signs of a dominance shift can capitalize on altcoin price movements while managing risk effectively. Conclusion The 3.2% drop in Bitcoin dominance on November 9th, 2024, and the subsequent 43% rise in Ethereum illustrate the fluidity of capital within the cryptocurrency market. This event reaffirms the principle that liquidity flows from Bitcoin into altcoins during profit-taking phases, driven by retail and institutional behavior. Ethereum's performance during this period also highlights its pivotal role as a leading altcoin and a bellwether for broader market trends. As the market evolves, tracking Bitcoin dominance alongside altcoin performance will remain essential for understanding and predicting cryptocurrency price movements.
CRYPTOCAP:BTC.DLong
by raycartier
292.000€ Bullrun Bitcoin - Continuation Shoulder Head ShoulderAs can be seen from the private videos, the bottom in form of a SHS continuation has formed. I wait for month to go public with this Chart but i expect a lower right shoulder with approx. 25k-33k so its more symetrical. A little bit sad that i must NOW after everybody talks about the bullrun, i go public with it. 1. Szenario: Retest of the yellow neckline and targeting 118.000€. 2. Szenario: Forming as usual a new pattern and over the next month a controlled level up game with target of 292.000€ its atm the same as approc. 343.000$. GL & HF
Long
by dipl_ing
BTC - Casually following last year trend ?Since a couple of months I'm just copy pasting chart from what happened the year before, I updated and deleted the red path from my post here : and added the blue path that BTC seems to follow nicely btw its same energy than last year : overbought on RSI but we dont give a fk and we go higher that blue path says that we can touch 100K before EOY, nice no ? will try to catch the swing if it happens ! then it seems to follow more the green target, still can't say we're we ending for this bull run but I think not below 180K not financial advice Cheers
COINBASE:BTCUSDLong
by onemorewine
Xrp - This Triangle Wil Double Your Money!Xrp ( BITSTAMP:XRPUSD ) is retesting a major confluence of support: Click chart above to see the detailed analysis👆🏻 For a couple of years now, Xrp has been trading in a bullish symmetrical triangle pattern. As we are speaking, Xrp is retesting the lower support trendline and also a horizontal support level. It is quite likely, that we will eventually see a breakout above both triangle patterns on Xrp. Levels to watch: $0.5, $0.6, $1.0 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:XRPUSDLong
by basictradingtv
10
GOLD VS BITCOIN Bitcoin is often referred to as digital gold as they are both stores of wealth, but how do the charts compare? Firstly GOLD has been around for much much longer than BITCOIN so naturally the charts are not comparable in terms of duration and that should be taken into account. Golds PA plays out over a much longer timespan to BTCs but the chart patterns are certainly similar. We have Golds previous rally peaking in 2011 before falling with a rounded bottom, the exact same as Bitcoins structure from the last bull cycle. Gold then steadily climbs over the HTF stalling briefly at a bearish orderblock (blue box's) which is the same as BTC. Continues to climb to reach previous ATH before distributing/accumulating with sideways choppy price action. So cleqarly Gold and Bitcoin share a lot of similarities, where they differ in their charts is what happens after ATH and into price discovery... Gold continued its rally for a further 32% increase once it broke out above the trend channel/ mini range at the ATH level. Bitcoin is looking to do the same and if successful, price discovery should exceed the 32% increase the gold saw because of the difference in market caps of the two assets. Gold market cap: $18.3T Bitcoin market cap: $1.35T Such a massive difference in market caps means less investment is needed to create the price increase and so I believe 32% is a super conservative estimate but we'll use it as an example for comparison. That would take BTC up to ~$92,000, a more than doable move IMO.
OANDA:XAUUSD
by ProR35
ALTCOINS TOTAL3 Altcoins have struggled in the last 5-6 months since BTCs slowdown. Some alts are down 80% from their highs but are now displaying a promising pattern for the bulls. The chart shows the daily support that intersects 3 points that make a head and shoulders pattern. This H&S pattern is an important reversal structure that if gets completed would signify the bottom of the downtrend and the beginning of an uptrend. Since this H&S reversal TOTAL3 has flipped the 1D 200EMA and is now at diagonal resistance. Should this resistance be broken and accepted above as well as the WEEKLY S/R then the next target is DAILY RESISTANCE. This would be great for smaller can alts especially the newer projects that have not experienced a Bullrun yet. In terms of a trade setup. I would place an SL below the local low as this would be a trend break and could signify a further sell-off. Take profits @ DAILY RESISTANCE, $720B & $780B.
CRYPTOCAP:TOTAL3
by ProR35
1
BTC - Don't Worry, You can still Catch the Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BTC has been overall bullish , trading within the rising wedge in orange. Currently, Bitcoin is in a correction phase, so the lower bound of the channel would act as support. Moreover, the 80k - 82k zone is a strong demand and round number. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower orange trendline. 📚 As per my trading style: As CRYPTOCAP:BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
10