BTC dominance: next target 72%Wyckoff accumulation pattern. Alts and ETH will remain bleeding relatively.
BTC.D trade ideas
Alt Coin Holders are about to become RICH! ALT SEASONBitcoin dominance is topping out and is ready to shed dominance across the market!
Expect a hard drop! If the bottom of the wedge is broken then we can expect a major alt cycle!
I hope you're READY because alt coins are where the BIG MONEY will be made!
Use non-kyc exchange TradeOgre, here is my list of coins to accumulate now!
GHOST DAG Coins / $:CAS $:NXL $:SDR $:NTL $:HTN / Tickers are not on trading view
All coins across the market will rally together when the dominance melts! My eyes are set on projects that utilize Ghost DAG, Similar to $KASPA
BTC Dominance in consolidation. Altseason will have to wait.As you can see in the chart, CRYPTOCAP:BTC dominance is showing a pennant flag consolidation pattern. This might give some relief to the altcoins that are bleeding, but unfortunately, this pattern is a bullish one, and CRYPTOCAP:BTC dominance could grow up to 57% before having a pullback.
Do your own research (DYOR). I hope I am wrong since I own a lot of altcoins, but that is what I see in the chart.
Is this where the altseason 2024 begins? If you are in crypto to earn money in everything else than bitcoin, you should not sell you alt coins now. In fact, Based on The bitcoin dominance chart 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.
Based on what i see, the Bitcoin dominance just pin point nailed the the trendline, and a reversel could be coming. In Other words, alt coins could go crazy in the next months.
BTC updateCRYPTOCAP:BTC Dominance bullish continuation is showing results. The first target is 62%.
Altcoins will take more hits. Choose blue-chip altcoins if you are looking to buy new ones.
Bitcoin Dominance is valid breakout decending trendlineBitcoin Dom is currently breaking, now market crash incoming
BTC dominance could drop soonBased on the BTC dominance chart and BTC price, I believe BTC might continue to trade sideways between FWB:65K and FWB:73K if it fails to reach a new all-time high.
In the meantime, BTC dominance could drop, potentially leading to a significant altcoin season.
Don't miss out on this potentially good time to buy altcoins.
However, there's nothing to be afraid of as long as you focus on finding good projects instead of buying out of fear of missing out (FOMO) when the trend already clear.
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I receive remuneration through advertising from thefastdex.com.
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BTC dominance AnalysisBTC dominance - broken up wedges and retested as well, wait it enters bearish liquidity zone and gets rejected from there and you can buy favourite altcoins from then on.
DYOR.
My thoughts are giving me no peace with this ideaMy opinion is that the alt season will be very powerful like in 2017. But it will be so sudden. That no one will understand at first what happened. Why do I think so? I believe that Bitcoin will not grow any more. But in order for there to be fomo on the market, it is necessary to make people buy and buy again. It is necessary for big money. There are more details in my position, which I will attach below
Bitcoin in Command?I'm honestly torn on what Bitcoin's dominance will be in the future. Just want to note this major inflection point we're at. I think an alt season could be close, but crypto always keeps us guessing.
Cycle Top IndicatorCycle Top Indicator -This is a chart to indicate the cycle top. When BTC dominance falls below 60% in a very quick period then that indicates that its very likely that the cycle top was achieved.
BTC dominanceWe have already made a new high of dominance, in this range I expect a reversal and a transfer of funds to altcoins
Is #Bitcoin Dominance falling down?#Bitcoin Dominance 1W chart;
I would like to start by telling you that I have some good news
As I mentioned in the previous chart, 58.25% and then the OB resistance level of 62% are important.
I think it will have much more positive effects if it reaches 62% because it will weaken the resistance at this level.
This is the level that will help us in the next bull cycle. That's why I care about it.
Now for the good news...
As can be seen on the weekly chart, the RSI seems to have begun to mismatch.
After a fake out to the resistance level at 58.25%, I think that it will ease down for the initial target of the pattern.
After the 50% level is seen, I expect it to start a rise again and to turn its direction down as it tests the OB level, which is the second resistance while completing this pattern.
Bitcoin Dominance BTC.D chart looks like the rally is close to the last ATH and may go to another ATH before a long term correction -as a sustained pullback
Who knows, AltCoins season could start this Q4 - Winter XMAS TIME ? Or even sooner?
Only Time WIll tell
BTC.DIn my opinion, wave 5 of 5 has been completed and be ready for the fall of Bitcoin dominance. Considering this analysis, altcoins can be at the price floor.
ALTCOIN COMING UP SOON We have two indicators here, with the blue one representing BTC Dominanc and the yellow one representing BTC. There is a relationship between BTC Dominance and BTC. As BTC rises, BTC Dominance rises as well, and vice versa. This chart shows that there is a divergence between BTC and BTC Dominance. Specifically, when Bitcoin falls and BTC Dominance rises, it indicates that investors are moving out of altcoins and into BTC as a safe haven. This could lead to a long-term trend Divergence could ultimately result in a decline in BTC Dominance in the near future. Another indicator is the Correlation Coefficient. When this value reaches +1, it indicates a strong relationship between BTC and BTC Dominance. If the indicator drops below this level, it suggests divergence, which strongly indicates that BTC Dominance might fall in the near term.
KASPA and RAYDIUM are trending the most since All Time HighKAS and RAY are two gems that need your attention based on my graph. Take care
ALTCOIN SEASON 2024 PREDICTION... When?... AnsweredKeep an eye out for the CC (0.618) rejection on BTC.D.
If rejects, we could see a nice Altcoin season rally, just like Dec 2020 - May 2021.
Reference:
Bitcoin Dominance and Altcoin Season: A Cycle AnalysisThis chart represents Bitcoin (BTC) dominance, illustrating the historical and potential future market trends where altcoins experience a notable surge, commonly referred to as "alt season." This phenomenon occurs when Bitcoin's dominance wanes, leading investors to explore new projects and allocate funds into altcoins and memecoins. Historically, after significant rallies, investors often look for higher-risk, higher-reward opportunities, typically turning to altcoins once Bitcoin has peaked.
Speculative Scenarios for BTC Dominance:
The chart speculates on three different scenarios for when Bitcoin might reach its peak, subsequently leading to a drop in BTC dominance and potentially initiating a rally in smaller cryptocurrencies. These scenarios are:
Failed Cycle:
-Suggests that the top for Bitcoin is already in, indicating a potential downward trend from the current levels.
-This would lead to an immediate decline in BTC dominance, possibly accelerating the start of an altcoin rally.
Left-Translated Cycle:
-Predicts that Bitcoin will reach its peak by November 2024.
-Following this peak, BTC dominance is expected to fall, marking the beginning of an altcoin season.
-This cycle anticipates a shorter rally for Bitcoin but a quicker transition to gains in altcoins.
Normal (Right-Translated) Cycle:
-Forecasts a continued rally for Bitcoin into 2025, with a potential top around March 2025.
-BTC dominance will gradually decrease, allowing for a more extended period of gains for altcoin investors.
-This scenario aligns with expectations of rate cuts and a possible recession by winter, suggesting that Bitcoin might lag slightly compared to the S&P 500.
Personal Strategy and Market Outlook:
I personally favor the right-translated cycle theory. There is substantial evidence supporting this scenario, particularly with the anticipation of rate cuts and an economic downturn by winter. My expectation is for Bitcoin to peak around March 2025, slightly trailing the S&P 500.
However, my strategy involves monitoring BTC dominance closely. Once it breaks the green trendline and begins to fall, I will start selling my altcoins when BTC dominance has declined by approximately 15%. This approach ensures that I capture gains from the altcoin market without missing out on the selling opportunity due to an early or delayed reaction.
Balancing Certainty and Risk:
While the right-translated cycle might offer more significant gains for altcoin investors, adhering strictly to this belief without considering the left-translated cycle could result in missed opportunities. For me, securing certain gains outweighs the risk of holding out for potentially higher but uncertain returns. Therefore, I plan to act decisively when key indicators, such as the decline in BTC dominance, signal a shift in the market dynamics.
In conclusion, the BTC dominance chart provides valuable insights into the potential timing and impact of Bitcoin's market cycles on altcoins. By understanding and anticipating these cycles, investors can strategically position themselves to maximize their returns in the ever-evolving cryptocurrency landscape.
Extremily extended $BTC.D Bitcoin DominanceThe Bitcoin Dominance CRYPTOCAP:BTC.D is almost at the vertix of the wedge
It is been 2 months now it is flerting with the down side, but returns to the wedge formation
Once the break down is confirmed, expect a surge on alts!
BTC Dominance Update (1W)This analysis is an update of the analysis you see in the "Related Ideas" section at the bottom of the page.
According to the analysis we published months ago, it is moving.
In this update, we updated the supply.
When bitcoin dominance hits the supply area, the alt party can start and we can see altcoins pumping.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC.D - 2024 Q3 - Q4 [Forecast]I'll tell you what will happen.
In the coming days / weeks, BTC will go down, approximately to levels between 55,000 and 65,000. Altcoins will go with it, some more, some less, as usual. So now we are selling and opening shorts - I'm serious.
Then, after the drawdown, we close the shorts and buy BCH, RLC, TWT and API3 (other opportunities will appear over time - stay tuned for ideas) and hold them until the end of the "alt-season".
And what will happen next, 100k or the abyss, we will tell you later.
Always yours,
Mark Cryptex
BTC Dominance is at its strongest resistance!!Bitcoin Dominance (BTC.D) is currently the primary driver of the overall crypto market.
A clear break down and retest is what we can see from the chart.
Key Points:
BTC.D as a Market Indicator: The recent market dump is attributed largely to a surge in BTC.D. This suggests that investors are shifting their funds from altcoins to Bitcoin.
Waiting for a BTC.D Rejection: A rejection of BTC.D at the 56-57% level is seen as a potential catalyst for a broader altcoin rally. This implies that if Bitcoin dominance fails to sustain its upward momentum, it could signal a renewed interest in altcoins.
USDT.D as a Leading Indicator: While USDT.D has shown some signs of rejection, it hasn't been enough to trigger a sustained altcoin rally. This suggests that the market is still awaiting a clear signal from BTC.D.
Risk of Further Dump: If BTC.D breaks above the 56-57% level, it could indicate continued selling pressure on altcoins, potentially leading to a more significant market downturn.
In essence, the analysis asserts that the fate of the altcoin market is heavily dependent on the behavior of BTC.D. A downward correction in Bitcoin dominance could be the spark needed to ignite a broader altcoin rally.
