Still #Bitcoin season #BTC.D to push onto 50% plus#BTC taking the lead
as in past #crypto recoveries
Measured move to tag previous resistance.
#ALTS will lag but still give smaller gains.
Bitcoindominance
Bitcoin Dominance AnalysisBitcoin dominance serves as a crucial indicator, offering insights into the broader altcoin market. Today, we observe a clear breakout from a cup and handle pattern, indicating a potential shift in market dynamics.
Key Resistance Levels Ahead: [/b
Resistance 1: 50.70%
Resistance 2: 50.91%
I anticipate pullbacks and increased activity in the altcoin market as a result. Keep an eye on potential opportunities! 🪙 🔍
Here is Why Bitcoin Dominance Suggests Small AltseasonBitcoin dominance is currently displaying an intriguing pattern that could have significant implications for the altcoin market. It's following an ascending channel and has entered a consolidation phase around the 50.0% level. What's particularly noteworthy is the formation of a pattern that resembles a head and shoulders.
Here's what this means:
Consolidation at 50.0% Level: Bitcoin's dominance is hovering at the 50.0% level, signifying a balance between Bitcoin and altcoins in the market.
Head and Shoulders-Like Pattern: The emergence of a pattern resembling a head and shoulders in Bitcoin dominance is a key observation. This pattern typically suggests a potential decline in Bitcoin's dominance.
Possible Drop: Given the shape of this pattern, there's a possibility that Bitcoin's dominance could experience a small drop, perhaps towards 49.5%. Such a shift can have significant implications for altcoins.
Altcoin Opportunities: As Bitcoin appears to be making upward moves, a slight dip in Bitcoin's dominance could pave the way for altcoins to shine. Altcoins often perform well when Bitcoin's dominance wanes, and they might even experience substantial gains.
Check out Altseason Cycle Cheat Sheet >>
In summary, Bitcoin's dominance teetering around the 50.0% level and the formation of a head and shoulders-like pattern signal a potential shift in market dynamics. This period of flux opens doors for diverse altcoins to showcase their potential. Smart strategies, vigilant monitoring, and prudent risk management will be key in maximizing gains and minimizing risks during this phase of the crypto market. Stay tuned, stay informed, happy trading!
How to Altseason Cycle || Cheat Sheet || Bitcoin DominanceMonitoring Bitcoin dominance (BTC-DOM) is a valuable tool for crypto traders. It provides insights into the relationship between Bitcoin (BTC-USD) and altcoins (ALT-USD), helping you make bette decisions about your altcoins and tokens.
Spotting Altcoin Seasons:
Altcoin seasons are periods of heightened interest in different cryptocurrencies and tokens, often causing their total market cap to surpass that of Bitcoin.
Understanding BTC-DOM's movements can help you anticipate how the market might react:
1. BTC-DOM Goes UP:
When BTC-DOM rises and BTC-USD also climbs, it often indicates a bullish phase for Bitcoin. During this time, ALT-USD may stay relative stable and face sideways.
If BTC-USD experiences a decline while BTC-DOM is on the upswing, ALT-USD might witness a significant dump.
When BTC-USD moves sideways and BTC-DOM follows suit, ALT-USD tends to maintain a stable course.
2. BTC-DOM Goes SIDEWAYS:
If BTC-DOM remains relatively stable and BTC-USD sees an uptrend, ALT-USD often mirrors this upward movement.
Conversely, if BTC-USD takes a dip while BTC-DOM remains flat, ALT-USD tends to follow suit with a decline.
When both BTC-USD and BTC-DOM exhibit sideways patterns, ALT-USD typically remains in a state of relative stability.
3. BTC-DOM Goes DOWN:
A decrease in BTC-DOM coupled with a rising BTC-USD often leads to a pumps for ALT-USD.
When BTC-USD experiences a decrease while BTC-DOM falls, ALT-USD may stabilize or enter a sideways phase.
If BTC-USD moves sideways while BTC-DOM declines, ALT-USD often witnesses an upward movement.
Remember that while these trends offer valuable insights, the crypto market is highly volatile. Low cap altcoins can behave unexpectedly even when Bitcoin dominance suggests a particular trend. Therefore, use Bitcoin dominance as one of many tools in your investment strategy, and always conduct thorough research before making decisions.
BTC.DIn the future, with the growth of Bitcoin dominance, we will witness further declines in altcoins; we are still in a BEAR MARKET.
BITCOIN DOMINANCE(BTC.D) will go down.
* 1D
The long-term upward trend line has been broken.
Therefore, the possibility of further declines seems high.
First of all, the important point is whether the 48.80% range, which is an important support line, is broken.
If this section is broken, it is likely to continue to fall.
Based on this, Alts bull market is coming.
Bitcoin Dominance: Key Insights for TradersGreetings dear traders, let's analyze Bitcoin Dominance chart!
The Bitcoin Dominance chart is currently perched just above the crucial 49% mark, a pivotal level recognized for its significance as both support and resistance over the long term.
Delving deeper into the analysis, the Relative Strength Index (RSI) reveals an intriguing development—a notable oversold signal. This could potentially be indicative of an impending price rebound.
Zooming out, our attention is drawn to the nearest resistance point, situated around the downtrend channel resistance. This obstacle aligns closely with the 50% dominance threshold. The convergence of these factors presents a compelling scenario: a potential rebound from this resistance could spark altcoin season.
$BTC - The Struggle Continues - #Bitcoin's Uptrend still intact in terms of Price Action,
coming from the Lows of 15K .
Concerning is the fact that despite Bitcoin trending Bullish on regards of
Market Structure (series of HH & HL ) ;
it is trending so,
within a Rising Channel (i.e bearish flag).
Ahead of this current uptrend is the Golden Zone Fibbonaci Level
awaited to be faced as Resistance in the midst of a Critical S/R Zone.
Both of this targets should be flipped from Resistance to Support(retested)
in order for Bitcoin to be headed higher,
to trigger the price interest at 50k-65k ; W(tf) *OB a
(see the updated idea attached below)
Until further confirmations, CRYPTOCAP:BTC is likely to be headed to at least 35.000$
in the short term time frame.
Key S/R and Golden Zone may very well be the next stoping point to open shorts
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your Financial Advisor before
partaking on any trading activity based solely on this Idea.
BITCOIN - NO BULL RUN TILL MARCH 2024This Bitcoin chart right here is a monthly timeframe chart. We all have been expecting this bear market to be over but it keeps deceiving us. Here is a clue on what to expect in the coming month.
Based on 2017 bear cycle that lasted for 27 months (821 days) as displayed on the chart, we see the current 2021 bear market following the same trend.
We have four phases here and the number of months each lasted for
The All Time High - All Time Low (12 Months)
The Bull Trap (6 Months)
Accumulation Phase (9 Months)
And finally the;
All Time Low to All Time High (13 Months)
Comparing the two bear market together, we have completed the first two phases and we are in the accumulation phase.
Therefore, we have till February 2024 to accumulate our favorite gems before a bull run will kickstart.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
BTC dominance decreasing can indeed have a positive impact 📉 Bitcoin's dominance decreasing can indeed have a positive impact on altcoins! 🚀 As Bitcoin's dominance (the percentage of total cryptocurrency market cap that Bitcoin represents) decreases, it often suggests that investors are diversifying into other cryptocurrencies, including altcoins.
This can lead to increased interest and potential price appreciation in the altcoin market. However, market dynamics can be complex, so continue to monitor trends, news, and overall market sentiment to make informed decisions. 📊🚀 #BitcoinDominance #AltcoinSeason #MarketTrends #Diversification
📈BTC.D analysis, ready to fall below the📉CRYPTOCAP:BTC.D
Hello Traders, please check out my previous ideas.
As indicated in the chart, Bitcoin Dominance can return to the yellow range before moving upwards.
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Move imminent for BTC?If the trend really is your friend I would expect a big move from BTC any day now looking at the global market cap dominance of BTC over the rest of all other cryptocurrencies.
Unless the bitcoin ETF is denied, or another catalyst comes in to break the momentous BTC dominance trend thats been happening recently.
NFA -Just a friend snapshotting the trend
BTC.D Dominance AltSeason Coming?!Bitcoin Dominance is in a completely bullish channel, but there is a possibility of a downward breakout, however, the support of 49.50 is very important.
Of course, it must be said that we are far from the Alt season
#AltSeason
#BTC
#BTC.D
Bitcoin Dominance in for a Steep Drop?Unpopular idea - CRYPTOCAP:BTC.D could actually be dropping hard here after falling just under resistance at ~53%.
It stopped directly where the lowest wick stopped below that resistance, and also stopped at the top of this expanding wedge.
Could we see a move down to the bottom of the wedge and finally make the new all-time-low that everyone was expecting a back in 2021?
BITCOIN DOMINANCE TO REACH NEW ALL TIME LOWS!BTC.D breakind multiple lows in the consolidation phase so its about to break hardly like past events. Stay focus at this, BITCOIN EVENT ARE NOT OVER YET!. If FED hikes 50 BPS in December we are going to visit 30k and eventually ATH. Hyperbolic phase is about to come in the next months. Dont be trapped in long term visions.
Bitcoin Dominance (#BTC.D) Hits HH: What It Means for Altcoins🌴 Paradisers, let's discuss the recent developments in the Bitcoin dominance (#BTCD) and its potential impact on the cryptocurrency market. 🌴
💎 The Bitcoin dominance recently reached a new higher high, hitting the 49.66% mark. This is an important milestone, as it signifies the breakthrough of a long-term resistance level. This breakthrough opens up the possibility for #BTCD to climb even higher, showcasing its strength in the market. 💎
💎 However, it's worth noting that the price of #BTCD has encountered resistance at the 261.8% Fibonacci level, suggesting a potential pullback in the near future. This correction could lead #BTCD to retrace back to the 48% area, allowing room for the Altcoins to flourish.
💎 If #BTCD manages to stay within the ascending channel, it is highly likely that we may witness an Altcoin Bloodbath after the pullback. This indicates a period where Altcoins could experience significant drop in a relatively short timespan. On the other hand, if #BTCD breaks below the 48% support and subsequently 47%, it could signify a greater potential for the Altcoin season to emerge.
💎 In summary, the overall trend remains strongly bullish for #BTCD, but a healthy pullback would not be surprising. If the pullback occurs, #BTCD could resume its rally and potentially target the resistance level at 52%, which aligns with a double Fibonacci level.
[UPDATE BTC.D] What if?Many think we are going straight down but what if we see this kind of fake down fake up distribution before?
Again, look at the similarities with the past cycle.
End of 2022-Beginning of 2023? It could.
Bitcoin Dominance & Total2Bitcoin Dominance Index (BTC.D) - calculated index that shows the ratio of bitcoin capitalization to the rest of the cryptocurrency market. CRYPTOCAP:BTC.D
It directly demonstrates inflow and outflow liquidity into the first cryptocurrency, due to which the investor gets the opportunity to predict a potential “altcoin season”
TOTAL2 - crypto market capitalization excluding bitcoin capitalization. An indicator showing the inflow of liquidity into altcoins.
Correlation
As a settlement index, bitcoin dominance is correlated indicator, and has a number of properties that can enable the investor to predict potential market changes:
Here is example of potential movements between this 3 charts
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📈 Bitcoin Dominance Most Bullish Since Jan. 2018Bitcoin Dominance is about to go through the roof. The weekly RSI is at its highest level since September 2019.
The setup we are seeing now is something we haven't seen since early 2018.
We are also about to experience the "mirror image" of the phase that took place in Q1-Q2 2022. Mirror image as in reverse.
We should see massive growth across the Cryptocurrency market.
New people coming in, new money, new developments, new excitement... Growth and progress will flow from Bitcoin to the Altcoins and then back and forth.
The worst is already in the past, 2022... We are set to experience years of growth.
Namaste.
Bitcoin Dominance a Year Before HalvingHello, TradingView community! Today, let's dive into Bitcoin Dominance.
Bitcoin Dominance has been making waves in recent months, hovering above the crucial 50% level. This level has historically been significant, often leading to reversals and breakouts. We saw its impact in 2018, and it reaffirmed its importance in 2021 by consistently bouncing back from this threshold.
Interestingly, there's a peculiar relationship between Bitcoin Halving and Bitcoin Dominance. Just before the third halving in Bitcoin's history, the dominance chart showed consolidation below 60% resistance. Fast forward to the present, we're approximately 11 months away from the next halving on May 20, 2024, and the price has been consolidating below 47%-50%. It appears we're witnessing a breakout, with the next target likely being a dominance level of 60%. It's possible that we'll reach this milestone just before the fourth halving.
The Bitcoin dominance chart serves as a valuable tool for assessing Bitcoin's market position compared to other cryptocurrencies. A higher dominance percentage indicates that Bitcoin's market capitalization surpasses that of other cryptocurrencies, highlighting its prominent standing in the overall crypto market. Conversely, a lower dominance percentage suggests that altcoins are gaining popularity and capturing a larger market share.
When Bitcoin dominance drops, it often signals the beginning of an altcoin bull run, with altcoins experiencing significant growth. Conversely, when Bitcoin dominance rises, it typically indicates a period of decline or correction in the altcoin market.
Feel free to share your thoughts and join the conversation!
BITCOIN dominance update best time to buy altcoins when btc domiance is above 55%.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
best time to buy altcoins when btc domiance is above 55%
$BTC -The Future to Come (SEC FUD)- Today, June 10th, 2023,
CRYPTOCAP:TOTAL2 Altcoins are being smacked to the face with the least of
shame from Bitcoin's Dominance !
CRYPTOCAP:BTC.D has increased intra-day at 2%
with
BITMEX:XBT
dropping as much as 3.5 %.
When compared to Altcoins
CRYPTOCAP:TOTAL2 ,
Bitcoin's dump so far for the day looks not as bad in
terms of % negative depth.
With just approximately 320 Days left,
Fourth Halvening is around the corner.
This may be a decent time to load up on some Altcoins Accumulation.
As always,
using proper risk management into positioning one's self-portfolio.
It looks to me, like a decent spot to accumulate Long Term,
despite more downfall fear concerns.
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your Financial Advisor
before partaking in any trading activity
based solely on this Idea.
BTC dominance ready for testing 44.40 %hello dear traders
this is advanced price action of bitcoin dominance
Where Will Quasimodo Generally Appear?
Quasimodo pattern appears at all time frames. It occurs always after a significant rally. Then the market is manipulated to create liquidity. Where the retail traders are captured, the profitable trading opportunity is created there. Quasimodo is very reliable if used properly and can be seen on every timeframe from daily down to 1 min charts.
What Should Be Remember To Trade QM Efficiently?
Always look for fresh Quasimodo Demand/Supply zones, which are not tested yet.
Make sure the distance between QML and MPL is not too high. If the distance is so high, risk will be increased and the Risk Reward Ratio will be poor. So, when the zone is small, the risk is also small and the expected reward is big.
Never ignore level over level.
QM is more powerful when an authentic opposite zone is engulfed.
You can enhance your day trading strategies using this price action pattern.
good luck
