Alt season party kicking off soon !Party will start after reaching 60% level on btc.d then the party of Altseason will start insha’a Allah ^^
BTC.D trade ideas
BTC DOM BullishBecarefull for Altcoins, Maybe will be painful, hope it stop around 62% and alt can recover
BTC Dominance Analysis📌 Trading Instrument: 📌
🔶 BTC Dominance (BTC.D) 🔶
📝 Detailed Market Overview: 📝
Bitcoin Dominance has reached an extremely bullish zone, nearing parabolic levels. Historically, such parabolic moves are often followed by a strong and fast correction. Currently, BTC.D is showing signs of bearish divergence, making it difficult to invalidate this signal. Additionally, BTC.D is around the 0.61-0.65 Fibonacci retracement level, a critical resistance zone.
Over the next 2-3 weeks, I anticipate a breakdown in BTC dominance. A confirmation of this will come if BTC.D breaks below the green diagonal support trendline, which has supported this uptrend for over 700 days.
Upon breaking this support, a retest of the previous key resistance, which is now expected to act as support, will likely occur around the 47-48% dominance level. This zone has not been retested since the breakout, and it aligns with the 0.5 Fibonacci retracement level. If BTC.D moves a bit higher before the rejection, this key level would coincide with the 0.61-0.65 Fibonacci zone, often referred to as the golden pocket, making it a high-probability reversal zone.
Following this correction, I expect BTC dominance to resume its upward momentum, targeting a minimum of 79-80% dominance in the longer term.
🔍 Key Signals:
Bearish divergence on multiple timeframes.
Proximity to the 0.61-0.65 Fibonacci retracement level.
A potential breakdown of the 700-day diagonal support.
🎯 Bearish Target:
47-48% dominance (retest of key support)
🚀 Bullish Outlook After Rejection:
A strong reversal after testing support could propel BTC dominance to 79-80% in the long run.
⚠️ Confirmation Needed:
Watch for a break below the green diagonal trendline to confirm the top and initiate the bearish retracement.
🚨 Disclaimer:
This is not financial advice. Always conduct your own research and trade responsibly. Markets are highly volatile, and you should only invest money you are prepared to lose.
How to Build Your Positions for the Upcoming Bull RunAlright, listen, it’s pretty straightforward. From the chart in front of you, it’s clear that Bitcoin’s dominance is on the rise. All the noise you hear on social media? Just wishful thinking with no real value. Here’s what you need to do.
We’re currently heading toward a weekly downtrend. The plan is:
• Buy 33% of your positions when we get a weekly close above this downtrend. I’ve been watching some coins since 2022, and this is where I make my first move.
• The second 33% goes in when Bitcoin’s dominance hits 64.70%. If it doesn’t get there, no problem – I’ll throw in that second 33% when the pattern breaks.
• The final 33% gets deployed after a retest of the broken area. Easy, right?
When to Exit the Market
you get out when Bitcoin’s dominance touches the ascending weekly trendline on the chart. Simple as that.
Why Didn’t We Enter a Clear Accumulation Zone for the Previous Bottom (Wyckoff Models)?
Here’s my take – it all comes down to Bitcoin’s dominance behavior. From the chart, you can see that during the last bull run, Bitcoin’s dominance didn’t drop below the 2018 low, and that’s a huge signal. It marks the start of a new era for Bitcoin.
Bitcoin isn’t just some investment play anymore. It’s becoming a hedge asset. After the next halving, don’t expect wild moves – Bitcoin’s behavior is gonna get boring.
BTC Dominance: Is a Breakdown Looming? A Closer Look at the AltsIn this analysis, we’ll dive into the BTC dominance chart (BTC.D) and explore what a potential breakdown could mean for altcoins. Currently sitting at 57.55%, BTC dominance has been riding a steady uptrend for nearly two years. However, the chart is now showing signs that a reversal could be on the horizon. Let’s examine this scenario, its potential impact on the broader crypto market, and how traders can position themselves.
Understanding BTC Dominance (BTC.D)
BTC dominance represents the share of Bitcoin’s market capitalization in relation to the entire cryptocurrency market. When BTC.D rises, it indicates that Bitcoin is outperforming altcoins, often attracting more liquidity. Conversely, a decline in BTC.D suggests that capital is flowing out of Bitcoin and into alternative digital assets.
The Current Trend: A Steady Ascent
Since mid-2023, BTC dominance has been on a steady climb within a well-defined ascending channel. This trend reflects Bitcoin’s increasing market share as investors have favored its relative safety amidst uncertain macroeconomic conditions. However, BTC.D has recently reached the upper boundary of this channel and is showing signs of exhaustion, with bearish signals indicating a possible reversal.
Potential Breakdown: What’s Next?
The chart displays a possible breakdown scenario, with BTC.D projected to dip towards the 45%–47% range, where strong support levels reside. This potential drop could signal a shift in market sentiment, leading to a reallocation of capital from Bitcoin into altcoins. Here’s why:
Exiting the Channel: A Bearish Signal
If BTC.D breaks below the current uptrend channel, it will indicate a loss of momentum for Bitcoin relative to other cryptocurrencies. Historically, such breakdowns have paved the way for “altcoin seasons,” where altcoins outperform Bitcoin in terms of price appreciation.
Target Zones: Strong Support Ahead
The 45%–47% range has historically acted as a major support zone for BTC dominance. Should BTC.D drop to this level, we could see increased accumulation of altcoins as traders look to capitalize on the potential for higher returns.
The Implications for Altcoins
A decline in BTC dominance could serve as a catalyst for altcoin rallies. Here's how:
Increased Liquidity for Altcoins
When BTC.D falls, it usually indicates that traders are rotating their funds from Bitcoin into altcoins, seeking higher-risk, higher-reward opportunities. This liquidity shift often boosts the prices of altcoins, especially those with solid fundamentals and ongoing developments.
Repricing of Alt/BTC Pairs
A lower BTC.D means that many altcoins could see an increase in value against Bitcoin itself, not just in USD terms. This would likely encourage further inflows into altcoins as traders aim for larger percentage gains.
Risks and Considerations
While a breakdown in BTC.D may signal an upcoming altcoin season, it is essential to be cautious:
Market Conditions Are Still Uncertain
Global macroeconomic factors, such as inflation data, regulatory developments, and traditional market movements, can significantly affect crypto sentiment. A sudden shift in macro conditions could quickly change market dynamics, causing BTC.D to rebound.
Not All Altcoins Will Benefit Equally
The altcoin market is diverse, with projects ranging from solid Layer-1 blockchains to speculative meme coins. It is important for traders to differentiate between fundamentally strong projects and those with weak use cases or development activity.
Trading Strategy: Positioning for the Potential BTC.D Drop
Here are a few strategic steps for traders looking to capitalize on this potential breakdown:
Identify Strong Altcoin Candidates
Look for altcoins with significant development updates, active communities, or partnerships. Coins that have underperformed relative to their historical performance could present the best opportunities for gains.
Use Stop-Loss Orders
Given the volatile nature of the cryptocurrency market, risk management is crucial. Setting stop-loss orders can help protect capital if the market moves in an unexpected direction.
Monitor the Support Zones Closely
If BTC.D approaches the 45%–47% range, watch for signs of reversal or consolidation. This area could act as a launchpad for a new altcoin cycle.
Conclusion
The BTC.D chart is showing signs that a potential breakdown from its long-term uptrend is imminent, with a target of 45%–47% in the coming months. If this scenario plays out, it could signal the start of a significant altcoin season, with increased capital flowing into various alternative assets. However, caution is warranted, as the broader market environment remains uncertain.
As always, DYOR (Do Your Own Research) and remember that this analysis is Not Financial Advice. Markets are unpredictable, and it's essential to make informed decisions based on your risk tolerance and investment goals.
Stay tuned for more updates, and happy trading! 🚀
What's next - the Altseason or the strong growth of the $BTC? 💶 What's next - the Altseason or the strong growth of the CRYPTOCAP:BTC ? $ CRYPTOCAP:BTC.D thought about it.
Even though CRYPTOCAP:BTC is currently going down, there is no doubt that CRYPTOCAP:BTC will make a new high soon. Perhaps this correction phase will end this month.
Next, November 5, another election in the USA, And... Growth?
I think so, but we will soon see how it will be.
And as for Altcoins, what about them?
Here, everything is not so clear. CRYPTOCAP:BTC.D does not want to go below 57%, which means a higher hike, up to 69%, is possible.
This was the case in 2020 when the last US presidential election was held.
History tends to repeat itself.
We don't know how it will be this time, but we can safely say that if so, the altseason will be postponed until the new year. The time has come for CRYPTOCAP:BTC
And what do you think about it?
Double top bear, alt season bientôt ?Review of previous supports to anticipate on Bitcoin dominance, beware we may have reached a peak here with a second lower top and a loss of strength for Bitcoin; Bitcoin dominates in the long term thanks to a very long bullish trend, but be careful, we might be at the beginning of alt season!
Btc Dominance ViewBtc Dom. Next Possible Scenario for long-term Run for Alts Entry and Exit Point. Its Just for an Idea Not a Financial Advice.
$BTC.D There is a harmonic bearish butterfly formation on the CRYPTOCAP:BTC #Bitcoin dominance daily chart.
Unless there is a daily close above the 58.8 level, a downward movement will be inevitable.
CRYPTOCAP:BTC.D 📉 #Altcoins 📈
The Biggest Crypto Trap! Bicoin Dominance Mark Cap to the 18% !The Biggest Crypto Trap! Bicoin Dominance Mark Cap to the 18% !
For Bitcoin Dominance, the same story as all other crypto stories and financial markets. "We are on the eve of the biggest depression period that our modern humanity has ever known."
BTC.D based on 1d chartHey Traders!
We're approaching a crucial moment for BTC dominance as it hovers around a key resistance zone. I'm anticipating a potential breakdown, with the possibility of it revisiting the low of February.
Stay sharp and make the most of the market opportunities ahead!
Happy Trading!
Altseason soon? Rising wedge + Bearish Divergence on BTC.D chartThe Bitcoin dominance chart has been coiling up in a rising wedge for about a year now, while simultaneously seeing bearish divergence on the monthly RSI chart.
With BITSTAMP:BTCUSD sitting near its ATHs, this potentially signals the imminent start of altseason (Q4'2024 going into 2025), given that CRYPTOCAP:BTC.D starts rolling down to macro support levels.
Furthermore, large caps/BTC pairs, such as BINANCE:ADABTC , appear to be bottoming.
BTC D trend confirmingBTC D respecting stonge buy areas, this can take as a smt with BTCUSDT chart. if fail this order flow level, btc trend will change as bearish
95% Bitcoin dominance is the targetBitcoin dominance is breaking out, which means it is exhibiting a different behavior than the last two previous cycles. Typically when Bitcoin regains prior highs, you will see alts break out, not bitcoin. So, something different is going on. What is it? It’s the fact that we are into the tail ends of the mining bitcoin, and people are going to find out an important lesson in supply and demand, and the price shock that can happen.
Bitcoin Dominance, best time to get into ALTSBitcoin Dominance now near it's lowest area, here is the best chance of getting into other alt coins
#BTC.D Daily ChartBitcoin dominance has swept the daily breaker zone and broke below it. We should expect short-term bearish movements towards the extreme demand zone at 56.93% before it moves upwards again.
Bitcoin Dominance Chart Update !!The Bitcoin Dominance Weekly Chart presents a comprehensive long-term view of BTC dominance.
Bitcoin dominance is moving within a long-term rising channel. The upper and lower trendlines of the channel have been tested multiple times, indicating a well-respected structure.
BTC dominance is approaching a key resistance zone between 57-58%. This zone has acted as both support and resistance in the past, as highlighted by the yellow box.
The recent upward momentum suggests a potential challenge of this resistance zone, but failure to break above it could lead to a reversal.
If BTC dominance is rejected from this resistance, it could start trending downwards within the channel, potentially retesting lower levels around 40-45% (as indicated by the red dotted line).
A decline in BTC dominance could signal strength in altcoins, as capital may flow from BTC to other cryptocurrencies.
If Bitcoin dominance breaks above the 58% resistance zone, we could see further gains up to the next major resistance near 64-65%, as suggested by the green dotted line.
This breakout would signify BTC outperforming other cryptocurrencies, potentially signaling market consolidation around Bitcoin.
This weekly chart is critical for understanding broader crypto market movements, as BTC dominance plays a key role in determining capital flows between Bitcoin and altcoins.
Would you like any further details or adjustments to this analysis?
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
Role of BTC Dominance Here’s a simplified rewrite:
A small attempt to understand Bitcoin dominance: It reflects Bitcoin's share of the total cryptocurrency market cap. When dominance rises, Bitcoin typically outperforms altcoins, indicating stronger interest in BTC. When it drops, altcoins often perform better, signaling a shift towards them. Monitoring BTC dominance helps gauge market sentiment and potential altcoin opportunities.
#BTC.D Daily ChartBitcoin dominance is still sitting on the daily demand zone. It is still expected to move up and reach the high at 58.07%.
Rising Wedge Targeting Weekly SupportBTC Dominance has formed a rising wedge right into weekly resistance. If it loses local support around ~54-55%, it may drop to weekly support around 44-47-49%.
This could mean the entire market drops hard, or if Bitcoin holds up for the most part, it could instead mean a potential run for altcoins.
Bitcoin dominance breaking 59% and holding above it invalidates this idea.
#BTC.D 4H ChartBitcoin dominance is still sitting on the discounted daily demand zone. We still expect it to move up from here aiming towards the high at 58.07% as a short-term target.
Bitcoin Dominance#Bitcoin Dominance Analysis
BTC.D is exactly rejecting the main resistance (58.60%).
Breakdown from this level , will create a massive pump in #Altscoin
Mega #BullSeason Loading
