Bitcoin dominance ready to surge to the upside- consolidating for more than 4 months - monthly RSI forming a bull pennant (continuation pattern) - since btc : btc dominance correlation is still positive, dominance this bullish likely implies a big Bitcoin breakout is comingLongby Mansasuma1
BTCUSD BTC Dominance 61.8%After a long triangle in wave 4 Domination Bitcoin went for a breakout to possible 61.8% Fibonacci targetsLongby DevilOfTrade9
BTC Dominance ~ 57%After years of falling dominance Bitcoin is heading into a correction, gradually reclaiming it back. The trend is holding in an ascending channel - this is positive At the moment, there is one more division left - the 5th wave The Fibonacci retracement to the plum is about 50% The target is 57%. Perhaps there is another subdivision lurking at the beginning of the trend - but we will talk about it after this target is reached.Longby DevilOfTradeUpdated 119
Which direction should Bitcoin Dominance take?#Bitcoin Dominance 1D chart; The white trendline starts from January 2015 and continues to the present day with a peak in January 2021. It managed to rise above the trendline with strong momentum. A decline will surely come, but it is too early for that. So why not now? In order for the decline to begin, the necessary infrastructures must first be formed. One of them is the RSI mismatch. There is no decline at the moment. Pay attention to the levels I have circled in red circles; the first one is a strong resistance level, the other is OB resistance. My opinion is that we can see a rise at least until the OB region.by ugurtash0
Bullish At present, the indications suggest a potential upward movement in the BTC.D. Ideally, I am aiming for a 60% Bitcoin dominance scenario, where I can confidently allocate a substantial amount of capital in alts coins, anticipating promising rewards in the coming years.Longby Crypto_Byte9Updated 8
BTC Dominance - an idea for decades Hello I know this is abstract to talk about BTC for next years but I love to goo beyond because this is the way you can make your dreams. I believe in EW because Elliott is not a method for trading, this is the structure of all markets based on human psychology which has been exist and wont change as long as we live. From my perspective what started in January 2018 was the beginning of a reality that must continues forever so I am sure it was wave 1 (Like all other stock markets) but only question is that "how strong it will continue its journey?". No one knows and time will show us. Thanks Longby AMA_FXUpdated 664
#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 #PEACEShortby Cryptorphic88236
BTC Dominance says something is about to happenAnything that can be put into numbers is subject to quantitative analytics and can tell a story. Dominance is just calculating how much of the market a specific asset owns, for global market cap of crypto, BTC was responsible for the majority of the market cap for a long time and had around a 96% dominance until the first alt season we had some years ago. There is hard logical support at 40% dominance and we have been building up to this point for a long time as you can see. This is the btc dominance chart, there is definitely something about to happen, either major pullback or eth and alts are about to significantly outperform BTC one of the two it seems. If this breaks out its likely that the market has a bit of a meltdown, if it breaks down, its likely that ETH and alts will outperform BTC for some time, possibly getting BTC to test that support at 40% again at some point. I am not long or short yet, I am cautious and observing. Maybe this opens a door for you though, if you were unaware of charting dominance, try looking at dominance of some other major crypto as well. Dominance charts are kind of like sub titles to the primary chart. by EncryptShawn3
BTC.DHi guys There are almost six days left until the closing of the monthly candle. If the BTC Dominance rises above 57% in these few days and then returns to around 54%, it can be said with a strong probability that the ALT SEASON has started. If the mentioned conditions do not become reality, this analysis becomes invalid. With respectShortby ASHVIHAN4
The start of alt season?Bitcoin dominance has started to decline rapidly. Even Litecoin has awakened against Bitcoin. First plan: Shortby ChainKnights1115
BTC.D Idea bearishCRYPTOCAP:BTC.D BTC.D i am watching it on weekly time frame. Graph is showing me bearish movement. firstly RSI bearish divergence. And its a rising wedge it can fall to 50% to 48%. its my thought. That can lead Altcoin market to the moon. NOT A FINANCIAL ADVISE DYOR.Shortby MaestroAltcoin6
Altseason requirements.Conflict with the trendline that created the 18-year altseason and the 21-year altseason.Shortby Endqk336
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.by smwajeehUpdated 7720
BTC dominanceBTC dominance It's trying to get inside bullish trendline, if that's case, then BTC will continue higher in coming days. Rare case, where we can see both BTC dominance and ethereum dominance can go up. Alts may have it's run once if BTC SC ethereum tops .. altcoin investors had to be patient till this year November-December. DYORby AugustusAsir4
Are Altcoins Finally Ready To Run?With the upcoming ETH ETF launch, many market researchers (including me) expect a kick-off of a broader altseason. One of the most important charts in this context is the dominance chart. Here are a couple of thoughts about it: ➡️ Bitcoin has risen ~25% since last week. At the same time, the dominance level is perfectly within the long-term channel (which predicts a dominance decline). ➡️ Bitcoin hasn't touched the descending trendline yet. However, I don't expect Bitcoin to go much higher and accordingly make a lower high. ➡️ With the upcoming ETH ETF launch, BTC's dominance should reverse, and the lower boundary (EMA200) should be tested again. ➡️ I remain confident that we saw the top back in April. What does that all mean 👇 As mentioned in some other posts, a decreasing dominance does not mean that Bitcoin's price will decline. In fact, Bitcoin can easily reach 100k while losing dominance at the same time. However, the difference from previous months is a much stronger-performing altcoin market. For example, if Bitcoin pumps 3%, alts will continuously go for 10-15%. by ben_walther6622
ALTSEASON BABY!Expecting a fall in BTC.D. Most probably aren't. My recent strategy has been to find a trendline that can be copied over and over and hit main price points (or a channel) finding the right lines take time, but that time is worth it.Longby brettjessen3320
AltSeason is upon us Bearish Chuvashov fork on weekly Bitcoin Dominance chart supported by bearish RSI divergence. Expect Altcoins to start popping very soon. Shortby Resolute12
Bitcoin Dominance about to drop hard into hyperbolic phase.Looks like world news is coming in to the last phase of the entire 2019-2024 cycle.Shortby JavierSantini5524
The crypto market rules have changed and here's why...Do not rely on CRYPTOCAP:BTC dominance breaking to pump your alts. Keep up with the alts that pump along with $BTC. Try to understand the current market trends. Do not stick to old market rules—they may be followed, but it should show on the charts, right? BTC dominance looks like a bullish continuation to me, targeting 60%. Invalidation occurs if it breaks below 53.7%.Longby GoldenTrades_6
Is this the end of Bitcoin Dominance ?!Pattern: Inverted Cup and Handle Bitcoin dominance (BTC.D) measures Bitcoin's market share relative to the entire cryptocurrency market. The chart indicates an inverted cup and handle pattern, which is typically a bearish signal. This formation suggests a potential decline in Bitcoin's dominance, favoring the rise of altcoins. Pattern Structure: Inverted Cup: The inverted cup represents a rounded top formation, indicating the exhaustion of buying pressure. This is followed by a slight decline, forming the initial part of the pattern. Handle: After the initial drop, there's a short-term upward movement that fails to reach the prior peak, forming the handle. The handle often forms with lower trading volume, suggesting weak bullish momentum. Reasons for Expected Decline in Bitcoin Dominance: Technical Analysis: The inverted cup and handle pattern is generally considered a bearish continuation pattern. A break below the support level, which forms the base of the handle, often leads to a significant decline. Key technical indicators, such as moving averages and volume analysis, support this bearish outlook. The moving averages may show a downward crossover, and declining volume during the handle formation points to a weakening trend. Market Sentiment: Increasing interest in altcoins, driven by their potential for higher returns and innovative use cases, is likely to divert investment away from Bitcoin. Positive developments in the altcoin space, such as new partnerships, technological advancements, and successful project launches, can enhance investor confidence in altcoins over Bitcoin. Macro-Economic Factors: Regulatory developments and geopolitical events can significantly influence the cryptocurrency market dynamics. For instance, favorable regulations for altcoins or adverse regulations for Bitcoin could shift investor sentiment. Technological advancements and improvements in blockchain technology that benefit altcoins can attract investors looking for better performance and new opportunities. Historical Precedents: Historically, similar patterns in Bitcoin dominance have led to substantial declines, reinforcing the reliability of the inverted cup and handle as a predictive tool. Previous market cycles show that during altcoin seasons, Bitcoin dominance tends to decrease as capital flows into alternative cryptocurrencies. Conclusion: Based on the analysis of the inverted cup and handle pattern, technical indicators, market sentiment, and macroeconomic factors, it is expected that Bitcoin dominance will decline in the forthcoming period. Investors should closely monitor key support levels and market developments to make informed decisions. The potential shift towards altcoins could provide opportunities for diversification and enhanced returns. Chachain My previous ideas related to Bitcoin dominance by Anoinvest2226
Alt SeasonThe final stage of the bull market is likely approaching, with a potential peak between December and March. Plan your exit strategy, stay focused, and control your greed when the time comes.Longby CyperTrade2
BTC.D 2WBTC.D ~ 2W You should never miss something this interesting. We'll have #Altcoin season soon. Stay calm and be patient until this happens.Longby CryptoNuclear10
BTC.D :There is no 100 overlap with Bitcoin, but the selling force towards altcoins is increasing, close above 54.56. If Bitcoin hits red, altcoins are better short positions. In general, I want to say that as long as you look at candle after candle in this space, it should come out of this space, there is a higher possibility of Bitcoin's dominanceby rmitaryan0