Cryptolean Bitcoin Dominance BTC.D Update In the weekly chart, Bitcoin Dominance is in the bullish territory, as long as weekly candles close above 53.27%.
Below 53.27%, the key weekly support, Bitcoin will share the dominance with Altcoins and BTC.D will decline towards 51.37%.
A bearish break-out of 51.37% and #Bitcoin Dominance keeping below this level will push BTC.D to 49% resulting in Altseason.
Above 53.27%, the probability to move to 55.5% remains high and this move will put pressure on Satoshi price of Altcoins.
Daily Chart
After finding a support at 50-Day Moving Average and 53% level, the BTC.D daily chart is lingering around 53.5%.
A bearish rejection of 53.5% will result in #BitcoinDominance moving to 52.24%, the key daily support.
A bullish break-out of 53.5% will place Bitcoin Dominance into the slow momentum area and will increase a likelihood of re-test of 54.5%.
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Btcd
Strengthening dominance!So guys, I'm doing an extra BTC Dominance idea.
All just the way I like it, the power signs on the small
timeframes led to power signs on the big timeframes!
I have no doubt that BTC D are ending the Wyckoff accumulation,
and this monthly candle in the narrow SOS range is meant to test the lower boundary around 46.8-46.5.
The July candle should be green!
A one-month cross from the Kijun-Sen and Tenkan-Sen will form!
Why?
Because an exit from the squeeze on the monthly chart has begun.
We have the first gray cross on the 1M chart since 2020.
While people are looking at the 1D, 4H chart the main event is happening on the 1M chart.
It's like the inertia of an electric train.
It's heavy and crushing.
And above this SOS range we have a nice «thin neck» of a red Kumo cloud.
If you've watched my charts before, you know
that I always pay close attention to those «thin necks».
These are places of likely breakdowns up or down.
So, we have a charging cannon of a monthly cross of indicator lines in July 2023.
We already have a gray cross on SQZMOM ( read LazyBear for more).
What else?
The Cluster Algorithm has crossed the 70 line! It may well go above 90.
I think this process will definitely continue until mid-autumn.
But since this is a serious time frame,
I give the maximum growth of dominance up to halving.
Until BTC halving, i think. I noted April 2024.
The disappointment will be killer.
Since the enchantment was naive.
I know I have an unpopular opinion.
You don't have to read it.
Good luck.
P.S.
Remember!
Dominance can grow on the fall of Bitcoin.
And this will mean that altcoins fall x2 or x3 deeper.
If you think the AltSeason is Over, think again...Now things with the Bitcoin Dominance can really get exciting!
This is because what we might be witnessing a potential completion of a 455-day-long ABC corrective pattern. Building on our earlier analysis of BTCD, we highlighted a clean bounce off the 641.4% Fibonacci resistance.
Get Ready for ALTSEASON 2024🥳📈📉Hi Traders, Investors and Speculators of Charts📈
Bitcoin is undoubtedly on it's way to making a new ATH. But one question is on everyone's mind... wen altseason ?
Parabolic rallies often occur across the altcoin market after a steep increase on BTC and when BTC trades sideways and loses dominance (BTC.D). I'm not going to go into too much detail here, as I've already covered the rotation between BTC and Altcoins in another post here:
I also called the start of a new bullish cycle here:
And then went on to call a few alts early to watch for then coming bull cycle:
ARE YOU PREPARED FOR ALTSEASON 2024?
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CryptoCheck
CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D COINBASE:BTCUSD BINANCE:BTCUSDT
Others Dominance v Bitcoin dominance --- may not give a new ATH ... for the cycle
Bitcoin could be so strong
That even though the others index ( aka shitcoins ) still do well from here.
Maybe they don't make a new high for this ratio.
As this chart shows -- last cycle
all the coins outside the top 10
peaked at 1 : 2 bitcoin.d
essentially the others.d was around 20% of the entire total market
bitcoin was around 40%
Eth was around 22%
(stables and the remainder of the top 10. made up the rest)
These targets are definitely worth keeping an eye on!
🔥 ALTSEASON Nearly Here! Watch This Chart 🚨In this analysis I want to make an educated guess on when the next bull-market (read: altseason) will start using the Bitcoin Dominance (BTC.D) chart.
An uptrend in Bitcoin with a falling dominance would be the ideal case for alts.
As seen on the chart, the altseason previously started by a top in the BTC.D and a consecutive fall afterwards. My best guess would be that BTC.D will continue to rise until it hits the top diagonal resistance.
In other words, Bitcoin will likely outperform alts for the time being. Later, likely after the halving, alts will start outperforming Bitcoin for 6-12 months and lead to huge returns.
Share your thoughts 🙏
Bitcoin Dominance: A Key Indicator for Altcoin SeasonIn the intricate world of cryptocurrency, where trends shift rapidly and market dynamics are ever-evolving, Bitcoin dominance stands as a critical metric, offering insights into the broader sentiment and capital flow within the digital asset space. Recently, the narrative surrounding Bitcoin's dominance has taken a noteworthy turn, stirring discussions about potential shifts in market behavior and the rise of alternative cryptocurrencies, or altcoins.
Since September 2022, Bitcoin dominance has been on a journey, reflecting both the resilience of the pioneer cryptocurrency and the growing interest in alternative digital assets. However, recent developments have caught the attention of traders and analysts alike, as Bitcoin dominance breaks free from its bullish channel, signaling potential changes on the horizon.
The significance of Bitcoin dominance extends beyond mere numerical value; it serves as a barometer for investor sentiment and market trends. When Bitcoin dominance decreases, it often indicates a redistribution of capital within the cryptocurrency market, with funds flowing towards altcoins. This phenomenon, often referred to as "altcoin season," is characterized by heightened activity and enthusiasm surrounding alternative cryptocurrencies.
As Bitcoin dominance breaks away from its bullish channel, traders are closely monitoring key support and resistance levels, seeking clues about the market's direction. Currently, the market is retesting old major support levels, forming a distinct range that could offer valuable insights into future price movements.
At present, the focus lies on testing the upper boundary of this range to gauge potential resistance. Should the market experience a rejection near the red old support zone, it could serve as an additional signal of Bitcoin's waning dominance and the increasing appeal of altcoins to investors.
The implications of these developments are significant, as they could herald a shift in market dynamics and trading strategies. Traders and investors are keenly observing the charts, recognizing the potential for a turning point in the market's trajectory.
While Bitcoin remains the undisputed leader of the cryptocurrency space, its dominance is not static, and fluctuations in this metric can offer valuable insights into evolving market trends. The current scenario underscores the growing diversity within the cryptocurrency landscape, with altcoins emerging as formidable contenders for investor attention and capital allocation.
As Bitcoin dominance continues to navigate uncharted territory, the cryptocurrency community remains vigilant, analyzing market data and chart patterns to decipher the next phase of this ongoing narrative. Whether the current trend signals a definitive shift towards altcoins or merely a temporary fluctuation remains to be seen, but one thing is certain: the era of digital assets is characterized by constant evolution and adaptation, and understanding Bitcoin dominance is paramount in navigating this ever-changing landscape.
Two Ideal Scenarios for AltsThe weekly uptrend was lost, it is showing some signs of exhaustion, and may correct soon in a way that could be beneficial to alts.
Scenario # 1 - Bitcoin Dom gets stopped for the 3rd time at 54.1%, and moves down to make a final / higher low above 48.7 (still a lower low from its recent weekly low). Then it turns up hard to break through 54.1 on its 4th attempt after showing strength above 48.7-50%.
- this situation means a more immediate run for alts, but it won't last nearly as long and btc will quickly dominate again.
Scenario # 2 - we see a temporary break above 54.1 that goes near the center of weekly resistance and the bottom of the white diagonal trendline drawn on the chart. It gets rejected here and then follows the same path as Scenario 1 from there.
- alts would have to wait a bit longer to get a slightly longer and stronger run vs. btc before it dominates again.
Note that it is also possible that dominance turning down just means a correction for the market, instead.
BTC.D : ALT SEASON = Dominance Hi Guys ,
Bitcoin dominance chart shows that it has been in an ascending channel for a long time and after hitting the ceiling of the channel, it is now ready to fall with the change of structure. We can expect a good altcoin season.
SecondChanceCrypto
⏰ 19/FEB /24
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
Analyzing Bitcoin Dominance (BTC.D) & the Altcoin Rally ForecastThe Bitcoin Dominance chart reveals a bearish divergence on the 3-Day chart, a signal we previously highlighted in our analysis. Since then, BTC.D has engaged in a range-trading dance, marked by the emergence of a Lower Highs and Lower Lows pattern. The plot thickens as BTC.D approaches the downtrend trendline, poised to act as formidable resistance.
Should this trendline hold its ground, especially if the daily close remains below, we anticipate a substantial drop in Bitcoin Dominance. Our eyes are keenly fixed on the key support area ranging between 44-45%, a critical zone aligning with the 61.8% Fibonacci retracement level. Yet, in case of the decline, first we must not overlook the significance of the 49% demand zone.
The broader picture paints a compelling narrative—we stand at the precipice of a potential altcoin rally. The unfolding scenario hints at the very beginning of a transformative phase, with the possibility of many coins doubling in price.
BTC.D - technical analysis on the weekly chartThe BTC.D chart is very important to watch on the crypto market. It can predict an alt season or bitcoin season. Right now, I am expecting a bearish pullback to the rectangular formation and, after that, a bounce. If the price falls inside the rectangle, I become very bearish on the BTC.D chart. The price is currently below the main trendline, which is of course a bearish sign, but we need more confirmation.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
SOL.D COULD REACH 11.55% - 14.47% 2025/2026This is an updated version of my first Sol.D idea.
I've studied all top 50 alt dominance behaviour, paying attention to ETH.D behaviour and market cap, BTC.D (which may end up holding 25%) SOlBTC and SOLETH.
All scenarios tells the same story, ETH is on a downtrend just as BTC, all fibonacci channels are doing the same, and all attention is setup to ETHBTC as the altcoin leader.
But my take is, that is going to change, while all attention was on eth and critic eclipse sol, it's dominance has reached ATH with half the top market cap 2021.
I will consider my target reached, past 9% but 11.55% is needed to be the min. my first projection stablished.
At 7T total market cap, Sol would need 770b Market Cap.
Happy Harvest.
CRYPTOCAP:SOL.D
#BTCD #BITCOIN #DOMINANCE #Crypto #Market #DUMP #Soon #Eddy#BTCD #BITCOIN #DOMINANCE #Crypto #Market #DUMP #Soon #Eddy
(("My analysis of BTCD"BITCOIN DOMINANCE" is like this, from my point of view, it is possible to track the position of short selling transactions on most currencies in the market."))
- What do you think? Have you checked BTCD in this time frame? Write me in the comments!
- My confirmations are based on Wykoff's review of Bitcoin in multi-time frame, as well as Bitcoin and Tether's Dominance review.
Its about Wyckoff ;-)
Also My Short Setup is Activated ;-) (( BTC/USD )) latest published chart link :
Is Altcoin Season on the Horizon? Looking at BTC DominanceHey crypto traders, if you don't know about the Bitcoin dominance chart and why it matters for all you traders out there, listen up! So, picture this: the BTC.D chart on the daily timeframe is throwing some serious signals at us. It's like the crypto market's version of a head and shoulders pattern, and it's currently hanging out just above the 50% mark.
The Head and Shoulders- BTC.D's Drama Unfolding
Now, you might wonder, what's the big deal with this head and shoulders thing? Well, my friends, it's a potential game-changer. If this pattern plays out, we could witness a shift in Bitcoin's grip on the entire crypto market, at least for a time. Bitcoin's price action could be taking a breather, which will let the altcoins have their run in the sun.
Head and shoulders patterns are a bearish reversal pattern, and when seen on a time frame like the daily, it's probably pretty serious.
The Altcoin Uprising: Where's the Money Moving?
When the markets chill on Bitcoin, money tends to start exploring other corners of the crypto universe. First stop? The bigger altcoins like Ethereum, Binance Coin, Cardano, and Solana – these bigger coins often get a major slice of the action. Traders, pay attention! This could be your golden ticket to ride the altcoin wave. After the bigger cap coins, the money starts to flow down the list to the smaller caps, then eventually finding it's way back to good ole BTC.
Preparing for Altcoin Season
Now, don't panic. I am not saying Bitcoin is bowing out permanently. It's more like a breather, like an old man going to take a nap, which honestly sounds pretty good, haha. So, what's a trader to do during this potential Bitcoin siesta? Well, my friends, it's time to diversify your trading stack and look into those other cryptos, explore new possibilities, and maybe catch some gains on the way.
Don't Date Them, Just Trade Them
There are many out there that are just Bitcoin only kind of people, we call them maxis. Well they need to expect a bit of stagnation for BTC. If this is you, this is your chance to explore what else is out there and make some money along the way. The crypto market is a vast ocean, and there's more than one fish swimming around.
So, buckle up, be cool like this Dude, and ride the waves of change in the crypto world. Even if you are one of those Bitcoin maxis, sometimes you have to look at what else is on the menu! A term I heard once that stuck with me, 'don't date them, just trade them'! That means if Bitcoin is the only coin you hold, then hold it, but don't count out the gains you can make trading other coins, just turn those gains into more Bitcoin!
Double Bottom w/in Adam & Eve That Could End the Alt MarketWe have a double-bottom on the monthly, which also looks like Wyckoff Accum when viewed from the weekly timeframe. It has already broken out and initially targets around 58%.
Should that move break through the resistance between 58 and 71%, it could confirm a giant Adam and Eve pattern which could easily send Bitcoin Dominance back near 100%; potentially spelling the end for the vast majority of the Altcoin market or even crypto altogether.
This is a monthly chart, so a lot can happen along the way. I even have a bearish outlook on the daily that I recently published, that after publishing the bullish outlook showing the weekly Wyckoff pattern.
Still, long-term we may be headed back near 100%, with the pre-requisite of reclaiming 71%.
BTC.D at its support. May rise soon, Alts dump is expected!BTC Dominance is at its major support and is expected to rise soon from this level, if this happens then we will witness a major drop in alt coins from 20% to 50% retracement.
major drop in some coins like MATIC, XRP, FTM, DYDX, LUNA could be seen in few days.
ETHBTC LongI think ETHBTC has bottomed, if not will bottom this month.
that in turn means that BTC.D has topped
which means alts will have more legroom.
Can go on binance and long the ETHBTC Perp in futures.. best average entry is .0513 with daily SSL (soft stop loss) on .04949
Could be more than a couple years until we see ETHBTC or BTC.D at these levels.
📈BTC.D analysis, ready to pullback📉CRYPTOCAP:BTC.D
Hello Traders, please check out my previous ideas.
As indicated in the chart, Bitcoin Dominance can return to the yellow range, near the pitchfork midline.
BTC.D can reach Bollinger-midline then starts its downward trend.
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BTC.D up, ALTS downBTC.D is made a retest but failed to create a lower low, instead given a break and close above of the Resistance Area. Alts were dumping aggressively right now, as #BTC make short-term aggressive moves, and money started flowing into it. Dominance Reached towards the Resistance area of 54.5%. Still, there's index reached area, so alts will react and might jump a little bit.
You Really Think that the Altcoin Season is Over?The way it looks is that Bitcoin Dominance yet again approached and rejected our Fibonacci resistance. If that resistance holds, we do expect a strong, yet potentially short altcoin season.
But remember, not all coins will produce super gains, only a very small portion of them. In our private channel we have shared those that we believe could be those "gems"