BTC.D trade ideas
Bitcoin Dominance at a Key Level: Altseason Incoming?What is Bitcoin Dominance?
Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that Bitcoin represents. It's a metric that shows how big Bitcoin is compared to all other cryptocurrencies combined.
How Does Bitcoin Dominance Affect Altcoins?
Generally, there's an inverse relationship. When Bitcoin dominance rises, altcoin prices often stagnate or decline. This might be because investors are moving funds into Bitcoin, perceived as a safer haven during market uncertainty.
Conversely, when Bitcoin dominance falls, altcoins often experience price increases. This could be due to investors seeking higher returns in the altcoin market or a perception that the broader crypto market is maturing beyond Bitcoin.
The weekly chart shows Bitcoin dominance reaching a critical resistance level. Historically, in 2016 and 2020, dominance reversals at this trendline preceded significant Altseasons (periods of strong performance for alternative cryptocurrencies).
While past performance doesn't guarantee future results, there's a possibility that a similar scenario could unfold this time around.
Here's what to consider:
Confirmation of Rejection: A clear rejection with a bearish candle formation at the resistance level would strengthen the possibility of an Altseason.
What do you think about this? Share your views in the comment section.
Thank You!
Bitcoin Dominance Remains HighA few coins went up Monday and Bitcoin made it to $63,000, causing people to declare "alt season now" and "correction over," because people are spastic and need engagement and/or hope. Charts looks awful across the board. Most coins are still down 90% from last cycle. We have not had a single whiff of a real altseason. Bitcoin has dominated this cycle, outside of small pumps in select sectors. Memes have gone nuts, but that is generally temporary rotation from coin to coin, so few people benefit.
The real action usually starts 4-6 months AFTER the halving, although history may not repeat. Regardless, now is a good time to step back and chill, not force anything because you think "alt season is today."
Very little is happening.
Bitcoin Dominance is still at near multi year highs, even with thousands of new coins on the market that could impact dominance. This chart is the antithesis of "alt season." Could it be topping? Certainly. But we have very little confirmation that things are changing for now.
BTC Dominance Analysis (W) - May 14 2024The weekly chart suggests that BTC.D is near its peak in this cycle as it is in an area where 3 different resistances are present:
1- Long term weekly downtrend (yellow)
2- Supply/Resistance zone of 57.2%
3- 0.618 fibonacci retracement of 2021 major decline
the combined effect of the mentioned resistances will most probably lead to another major drop in BTC.D that will be followed by a mega Altseason!
it is also important to consider that previous Altseasons have happened after Halvings. So, with previous Halving in April 2024, it is logical to assume that BTC.D will form a major top in Q2 or Q3 2024.
orange or blue?Alt season incoming? what do you think? BTC dominance is still strong but is getting curved a lot.
This is not Altseason. It is BTC seasoon until it is notBTC dominance has broken out of the bull flag and the resistance.
We expect Altcoins to suffer against their BTC PAIRS.
BTC is expected to outperform Alts.
We expect BTC Dominance to head to 60% over time.
Are you buying BTC or alts?
BTC.D:At the moment, it is suffering. Tonight at 7 o'clock, the market usually moves. It does not give us any specific data
From Last ALL Time heightOur eyes on Arweave, BNB and other Alts for the next leg up. NYSE:AR is a 100% BET.
BTC.D :BTC.D:
2 candles have been placed for 4 hours, but it is turning green. For now, it means that you open the porition on altcoins. It will be more profitable than Bitcoin itself. If you also have a position, I would leave it open for now.
Bitcoin dominance 3D ChartDominance for bitcoin has been sideways and last week or so no major movement up.or down ,wave trend shows a curve forming on BTC dominance which historically been a downward movement on the 3 day chart
Bitcoin (BTC) dominance for 2023-24Bitcoin (BTC) dominance is a metric that expresses the percentage of the total market capitalization of cryptocurrencies represented by Bitcoin. This value has a significant impact on the development and value of altcoins - alternative cryptocurrencies that stand in the shadow of Bitcoin. In this article, we will focus on the relationship between BTC dominance and altcoins and how the increase in Bitcoin dominance can affect the price of altcoins.
The relationship between BTC dominance and altcoins is often considered to be opposite. When BTC dominance increases, altcoins lose value and vice versa. This phenomenon is associated with the so-called "altseason", when altcoins experience a period of growth and investors' returns significantly exceed returns from Bitcoin.
In the coming period, it is expected that BTC dominance may increase significantly, which could have a negative impact on the price of all altcoins. This can be caused by various factors, such as the adoption of Bitcoin by institutional investors or increased interest in BTC as digital gold.
Given the expected increase in BTC dominance, it is important to invest wisely. Investors should consider diversifying their portfolio, which means investing in multiple cryptocurrencies and/or traditional assets such as stocks, bonds, or real estate. This way, they can protect themselves from a possible decline in the value of altcoins due to increased Bitcoin dominance.
In conclusion, understanding the relationship between BTC dominance and altcoins is essential for cryptocurrency investors. By keeping an eye on these metrics and adjusting their investment strategies accordingly, they can potentially minimize risks and maximize returns in this rapidly evolving market. As BTC dominance is expected to rise in the near future, smart and diversified investing becomes more crucial than ever.
I would watch this weekly BTC Dominance chart carefullyClear potential breakout above long term resistance trendline for BTC dominance. Now there is always the potential for a fakeout and then break below which could lead to alts increasing, but this is something to watch closely for the time being.
BTC.DIf the key level of 54.40 is lost in the daily time, it is possible that the correction will continue up to the levels of 52.60-53.
BTC DOMINANCE WILL IT BREAKOUT OR RETRACE? 🤔BTC DOMINANCE is in a grey zone area.
It recently broken out of the trendline.
It is also forming a bull flag but that might be invalidated of we retrace further. If the bull flag is validated, then dominance should try to break the next upward resistance.
BTC Dominance is not sitting on the 50 day moving average. Will it hold?
If the retracement continues, then heading down to the trendline.
This could give the Altcoins holders the upside leg they have been waiting for?
Bitcoin Dominance drop & Altcoin Dominance Boom June 2024As you can see we have a descending triangle with key points of resistance and support. What is interesting is the date we can see a reversal on the Bitcoin dominance which falls on 06/24/24. If all the stars align and all the galaxies fall in place this could be the mark of the Altcoin dominance start for this bull cycle. The yellow boxes at bottom are the Bitcoin highs or peaks in each bull cycle.
Pending Alt SeasonWhen the trend line breaks, altcoins will moon. 10,20-50x's.
Some of the catalysts will be the Ethereum ETF, NVIDIA/AI updates.
I project that AI will be the leading narrative for this bull run and the majority of the money will be made in November 2024 to May 2025
BTC.DThe price is forming a neutral triangle, the upward movement is expected to continue until the level of 56.50
📉 #Bitcoin dominance holding steady on the trend line.📉 #Bitcoin dominance holding steady on the trend line. 📈 Once broken, expect a potential altcoin pump! 🚀 Keep a close watch for market shifts. 💡 #CryptoMarket #AltSeasonIncoming
Best time to Buy alts - Life time opportunity
The uncertainty lies in how the price will respond, as historical halving have seen varied reactions. Often, the price has dropped, but sometimes this decline occurred several months prior to the event.
Currently, the price is testing monthly support levels. Technically, there is limited potential for downward movement, given the heightened demand due to ETF involvement.
This is my perspective on the current price action; shorter time frames offer little insight, while the monthly timeframe presents a broader view.
Over the past few weeks, many trades have been invalidated due to the lack of movement in altcoins. This situation persists.
Since we are trading altcoins, I'm providing two charts to assess their status:
- Chart displays higher time frame resistance at 57.5.
- If manipulation occurs due to the halving, we might see the price tap this resistance and then begin to decline. Consequently, altcoins may experience a minor drop followed by a significant increase.
The chart indicates a rising wedge, signaling an uptrend in BTC dominance. A breakdown from this pattern would suggest the beginning of a bull run. The question remains: when will this occur? The answer is elusive as timing cannot be accurately predicted. However, in my view, the timing seems imminent, particularly after the halving event. With the halving, the demand for BTC is expected to surpass its supply, thereby driving prices higher.
I anticipate that our positions will soon experience significant gains. Brace yourselves for challenging times and prepare for volatility. Avoid significant losses before the anticipated bull run.
Declining BTC.D in a massive rising wedgeA massive rising wedge is forming on the weekly chart for BTC.D.
Prepare for altseason...?!
Thoughts?
