BTC.D trade ideas
Bitcoin dominance has reached resistance!We have reached a strong resistance line with Bitcoin dominance dating back to February 2017. I have a fractal showing what could possibly happen once we cannot break through this resstance. Once this is confirmed watch out for Altcoins to start picking up momentum.
Bitcoin Dominance Ultra-Bullish (Monthly TF) +Bullish Altcoins?Here we have a very interesting chart, Bitcoin Dominance on the monthly timeframe.
This chart is ultra-bullish. We know this is not BTCUSDT, so it doesn't necessarily reflect Bitcoin's next immediate move, but it would be interesting to interpret the chart.
How do we interpret an ultra-bullish BTC.D chart?
➖ First, notice how we have a red candle on March 2024 and a slow and steady rise afterward; bullish consolidation. This month, we see a break above resistance.
➖ Second. We know that Bitcoin (BTCUSDT) peaked exactly March 2024, and started a very slow decline; bearish consolidation. Breaking down in early August.
➖ We are seeing BTC.D and BTCUSDT moving in an inverted fashion. Negative correlation.
👉 Bitcoin Dominance increasing can mean that Solana, Ethereum, Binance Coin and the crypto giants are about to fall strongly and much faster than Bitcoin.
What is your interpretation?
Share in the comments.
Your support is appreciated.
Namaste.
btc.d Likelihood of a 60-62% dominance altseason below 54%not financial advice
just a small video explaining the likelihood of filling in the supply zone we are currently at.
$BTC.D $crypto $telusdt $dmtryieahhh, yieahh, and more yiieahhsss
BTC dominance has been creeping up slowly, without energy, strength, just like a bread starter.
1. RSI making new highs on monthly, while dominance isn't making a high.
2. RSI getting to a resistance trendline, while price seems to be getting to the 61.8% fib. (Fav fib for a wave 2-inverted)
3. MACD flattening, just like my buttocks while I am sitting here writing this 94 word essay.
Similar situation as the first half of 2021, where crypto exploded. Let's see what happens but I would get ready.
Yieah!
BTC.D a study caseBTC dominance (or that of any other altcoin) is nothing more than the portion of BTC's market cap versus the total market cap of the cryptocurrency market. While the value of a token depends on the total number of tokens, dominance only depends on two factors: the liquidity of the token and the total liquidity.
But why is dominance an important parameter? Because dominance has proven over time to vary characteristically depending on the phase of the market cycle. This applies not only to BTC dominance but also to ETH and altcoin dominance.
(In this case, when we talk about altcoin dominance, we are excluding the dominance of ETH and USDT.)
That said, dominance increases if:
The liquidity entering BTC is greater than the liquidity entering the other projects;
The liquidity leaving BTC is smaller than the liquidity leaving the other projects;
The liquidity leaving the other projects is channeled into BTC;
Dominance decreases if:
The liquidity entering BTC is smaller than the liquidity entering the other projects;
The liquidity leaving BTC is greater than the liquidity leaving the other projects;
The liquidity leaving BTC is channeled into the other projects;
Dominance remains the same if:
The liquidity entering BTC is equal to that entering the other projects;
The liquidity leaving BTC is equal to that leaving the other projects;
There is yet another scenario to consider. There are times when BTC channels liquidity into stablecoins without this being comparable to the situation when BTC channels liquidity into altcoins. Typically, BTC channels liquidity into altcoins during periods of euphoria, where the intention is to distribute profits previously obtained in BTC into projects with higher potential returns. On the other hand, when BTC channels liquidity into stablecoins, it is associated with periods when security is sought during corrections (hence, we exclude USDT from the equation in comparative charts, as it is the largest and most important stablecoin).
These scenarios do not happen in isolation, which is why it is not easy to associate liquidity movements in the cryptocurrency market with exact phenomena.
However, we can always speculate and seek some support in the past.
Although altcoins have existed since 2011, there is only a record of BTC dominance charts since 2013. At that time, BTC dominance shared the total market cap with 30 other projects. By the end of 2014, this number had risen to 500. During this time, BTC dominance was never really challenged until the first bull market following the creation of ETH. This is the first cycle we will analyze.
Given the high value of BTC dominance after the peak of the first bull market, an increase in dominance due to the capital flight from altcoins to BTC was not observed. In this case, such a comparison is impossible.
Already at the beginning of the bull market in September 2015, BTC gains dominance:
The same was observed after the post-bull market bottom in 2017. As the price started to recover, BTC dominance increased:
The same has been observed in the current cycle; after the bottom was formed, Bitcoin's price has risen along with an increase in its dominance:
We can conjecture that when BTC forms a bottom, the market sentiment is one of extreme fear, leading investors to seek refuge in BTC. In the first two cases, we can see that after this period of increase, BTC enters another period of consolidation/correction, during which BTC tends to lose dominance to altcoins. This phenomenon occurs (hypothetically) because:
- Some investors sell BTC to take profits;
- Some distribute the profits made in BTC across alts that have remained at lows since the bear market;
- Some, experiencing losses, sell BTC after the recent rise to minimize their losses;
- Alts, depressed after the bear market and without significant gains, do not follow the decrease in BTC dominance, gaining ground instead.
Now let's compare the BTC price against USD with the dominance of BTC, ETH, and all alts excluding USDT and ETH, during the last two peaks and the period between them:
Although it was more noticeable during the last peak, in both instances, BTC dominance reached its peak before the BTCUSD pair hit its top. The peak in BTC dominance is characterized by the bottoming of all altcoins (excluding USDT and ETH) and the subsequent rally.
Despite each BTC peak having its own unique characteristics, the relationship between dominances has remained relatively consistent depending on the phase of the cycle.
If we divide the same time frame by the phases of the cycle:
We cannot observe the accumulation/expansion phase preceding the 2017 peak, making it difficult to precisely define the start of the blow-off top phase for that year. The only clear difference between both peaks is the behavior of ETH dominance: during the first blow-off top, ETH dominance fell while altcoins rose, whereas in the second peak, BTC dominance increased while altcoins also rose.
From a technical standpoint, we currently see a series of relatively equal lows in altcoin dominance, which could lead to a reversal when altcoin dominance drops and clears out all the liquidity from this zone:
As we can see from the previous cycle, this is exactly what happened:
(The dashed vertical lines mark the last two peaks).
From the 2017 peak to the blow-off top of the next cycle, the price steadily declined. Eventually, the price retraced and consolidated during BTC's retracement/accumulation period:
This accumulation created several lows that the price used to reverse the trend at the blow-off top.
As we can see, the altcoin chart is currently forming the same consolidation structure after the decline from the last BTC peak.
The trend in this chart is for the previous cycle's lows to be surpassed while the highs are not:
However, we can see that the price is far from the previous cycle's lows and relatively close to the highs, which was not the case in the last cycle.
Why is this? We can speculate that the growth of projects like Solana (which have taken significant market cap from ETH and BTC) makes the altcoin market (excluding ETH) less volatile, thereby retaining more market cap across all alts even during a bear market.
An interesting fact is the importance of the 26% level in altcoin dominance:
Speculating on the potential market cap for altcoins during a blow-off top, how likely is it that altcoins will significantly capture market cap from the two major projects that saw ETF approvals this year? To what extent might we expect a capitulation of altcoins given the current attention and interest in Solana?
Regardless of these considerations, from a technical standpoint, it is not expected that altcoins will see their dominance surge without the recent consolidation lows being decisively broken. Such a breakdown could occur, as seen previously, during BTC’s expansion phase, when its dominance increases abruptly, pushing the rest of the market’s dominance downward.
On the monthly timeframe, the price is being supported by a +OB (Order Block) within a +FVG (Fair Value Gap):
Drawing a parallel channel, we can see that the price also found support and reacted at the median of this channel.
Given the explanation above, it seems to me that the most important metric at this moment for determining the start of BTC's expansion and the subsequent blow-off top is this altcoin chart, along with BTC dominance.
ALTSEASON CHARTBitcoin dominance is going higher , and i think it will continue to go up until november 2024 and tap 72% region.
When that level gets triggered we know altseason is around the corner .
Flight to safetyHi guys, Btc dominance is breaking out, and that’s a bad omen for the whole crypto space. Expect a major correction. My advice? Get out of your shitcoin and pick up the pieces on the dip. $1.3T?
Bitcoin Dominance | Weak But Strong Top SignalThis signal is both weak and strong... I shall explain!
How are you feeling this Tuesday?
We are still at it, day after day after day.
I hope you find the content useful and helps you to improve your profits, gives you peace of mind, increase calmness and leads you to greater power and financial success.
This candle right here is an inverted hammer:
➖ This inverted hammer hit the highest price since April 2021, more than three years ago, and has the highest volume (bearish) since March 2024.
➖ The signal is "weak" because I am looking at it in isolation.
➖ The signal is "strong" because of all the factors surrounding it.
➖ It is a perfect inverted hammer meeting all the textbook requirements for a reversal. All that would be needed for it to be complete is a confirmation. This happens if we get several sessions closing red.
👉 As long as this index, BTC.D, trades below the wick high of the inverted hammer (57.32%), this signal remains valid and bearish potential is active.
👉 If the index moves and closes daily above 57.32%, this bearish signal and the bearish potential it entails becomes invalid.
Thank you for reading.
Namaste.
BTC.D | 57.03%
BTC Dominance Update - Alt season confirmed ?#BTC.D #Analysis
Description
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+ Bitcoin dominance (BTC.D) has surged to a local high amid a sharp decline in altcoins, driven by recent recession fears. This rise in dominance has brought BTC.D close to a significant resistance level, a key area to watch for the potential start of an alt season.
+ The current BTC dominance is hovering around 57%, near a major resistance line. Historically, a rejection at this level has been crucial for the onset of alt season, where altcoins outperform Bitcoin.
+ Looking at past trends, alt season has typically followed a rejection of BTC dominance from this resistance. If history repeats itself, a pullback from this level could signal the beginning of a strong altcoin rally.
+ Should BTC dominance begin to decline, the next significant support level is around 40%. A move towards this support could trigger a substantial shift in market dynamics, favoring altcoins.
+ A downward trend in BTC dominance from current levels would likely fuel a major alt season, as capital flows out of Bitcoin and into altcoins. This scenario could present significant opportunities for traders focusing on the altcoin market.
Conclusion:
BTC dominance is at a critical juncture, with its proximity to a key resistance level potentially setting the stage for the next alt season. A rejection at this resistance could lead to a decline in dominance towards the 40% support, igniting a robust rally in altcoins.
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BTC dominance: next target 72%Wyckoff accumulation pattern. Alts and ETH will remain bleeding relatively.
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.
Disclaimed:
I receive remuneration through advertising from thefastdex.com.
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That said, it offers promising solutions to real problems for enterprises.
It aims for scalability, zero inflation, and subsidized prices that increase annually at a rate exceeding both U.S. and Chinese inflation.
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
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.
