Double Bottom Pattern: Bitcoin Total Domination Last week my post on Bitcoin dominance played out faster than it was expected.
(see related)
This indicator broke out into 60-70% area.
So, I switched to a weekly time frame and spotted a classic reversal pattern called "Double Bottom" in the making for you.
Let's break it down.
We have two bottoms highlighted with yellow arcs in the same area.
Indicator eyes the middle top between bottoms, it is called "Neckline"
Now, let's breakdown buying technique:
1) buy entry is at the breakout above Neckline (green dashed line)
2) stop loss is at the valley of the right bottom (red dashed line)
3) target is located at the depth of the right bottom from the Neckline.
in our case it can't be higher than 100% and is set at the maximum (blue dashed line)
Its amazing that technical analysis could predict things that out of our scope as yet.
BTC.D trade ideas
BTC.D New Update (3D)First of all, pay attention to the timeframe; it’s a daily timeframe, and this analysis is time-consuming.
The subwaves of this index are numerous, even in higher timeframes, which results in multiple technical analysis scenarios. However, we always identify the most probable scenario.
Given the lack of a drop in Bitcoin dominance over the past weeks, despite losing the trendline, it can be inferred that the wave structure of this index is likely not yet complete.
From the bottom, we believe there is a double combination pattern, with both combinations appearing to be diametrics.
It seems that the primary peak of Bitcoin dominance will be within this red zone.
The waves have been marked on the chart.
Overall, it appears that this index intends to hunt a specific area before dropping. Let’s see what happens.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
$BTC.D Short?It looks like BTC.D had its final push up and failed to breakout of its rising wedge. Altcoins saw a 25-35%+ decline in only a few hours which to me it looks like a final shakeout before liquidity pivots into ALTs. BTC.D has broken its 2 year bull run recently and failed to regain momentum.
This is the first cycle of the bull run that ended without an AlYou may have been expecting Altseason, but I have some bad news to share with you - Altseason is not happening, and at best, some altcoins might recover slightly in the next 2 months. However, due to the liquidity flow of ETFs, Bitcoin's upward trend will continue. I kindly request that new entrants refrain from buying altcoins."
Note: "Altseason" is a term used to describe a period of time when alternative cryptocurrencies (altcoins) experience significant growth and attention.
$BTC.D again above 60% After the tariff tantrum between US, Canda, Mexico and China during the weekend, we saw CRYPTOCAP:BTC again below 100K. But the weekly closure on the weekly chart in the CRYPTOCAP:BTC weekly chart is still not broken. So, the CRYPTOCAP:BTC bull run is still intact with short term hiccups.
But the topic of the discussion is not the CRYPTOCAP:BTC price instead we are looking at the Dominance chart. CRYPTOCAP:BTC.D is again above 60% even if CRYPTOCAP:BTC is below 100K. The Alt Coins have lost more Market Cap during this weekend’s shakeout in comparison to BTC. But it is highly coincidental that the CRYPTOCAP:BTC.D is back at the 0.618 Fib retracement level. The Fib retracement is plotted on the CRYPTOCAP:BTC.D weekly chart. There is no Alt Coin season unless the CRYPTOCAP:BTC.D breaks down decisively. Watch out if CRYPTOCAP:BTC.D weekly close breaks below the 0.5 Fib retracement level. Until then stay long $BTC.
BTC dominance Facing strong resistanceThis time BTC.D is getting away from its Ratio line, That is extremally bearish, Alt season is at our doors... BTC price may go up also, I think this time around is going to be a massive cycle for alt coins.
I am eager to watch the craziness we all know about alt season, It's the best time for a good meme, don't you think?
this is not financial advise, that is only my own opinion about the markets.
Crypto Market Dynamics Amidst Tariffs & Trade War FearsLast Friday afternoon, President Trump announced new tariffs on Canada (25%), Mexico (25%), and China (10%). This news set off a selloff in the crypto market. Since traditional financial markets were closed for the weekend, they couldn’t react immediately, but we might see panic selling when trading opens on Monday. In response, both Canada and Mexico have threatened retaliatory tariffs on the U.S. Whether Trump is using this as a negotiation tactic or signaling a long-term policy remains uncertain, but one thing is clear—the market dislikes the idea of a trade war.
On the bright side, Bitcoin was already due for a significant correction. Even a 30% drop from its current all-time high wouldn’t derail the Macro Trend. However, the concerning part is that Trump’s actions could lead to further economic pain for both the U.S. and global economies before any recovery happens.
Because so many factors are in play, I’ve combined four key metrics into one chart to help us see where money is moving. Here’s what the chart shows:
BTC.D (Candles): This indicates Bitcoin’s dominance in the market.
BTC Price (Orange): The current price of Bitcoin.
TOTAL3 (Purple): The total crypto market cap excluding BTC and ETH.
USDT.D (Green): This measures the share of funds in USDT.
What Does the Chart Tell Us?
Flow of Money: Funds are moving between Bitcoin, altcoins, stablecoins (USDT), or leaving the market altogether.
Key Indicator – USDT.D:
Below the Breakout Line: If USDT.D stays below a critical level, it suggests that buyers are stepping in to support both Bitcoin and altcoins.
Above the Local Top: If USDT.D breaks above its recent high, it signals increased market fear. In this case, we should watch the other metrics:
A spike in TOTAL3 indicates that altcoins are gaining traction, hinting at a potential altcoin season.
A spike in BTC.D suggests that Bitcoin is maintaining or even strengthening its dominance.
A spike in USDT.D implies that investors are seeking safety in stablecoins, showing overall market nervousness.
By monitoring these indicators, we can get a clearer picture of whether or not an alt season is developing, and whether the correction developing is a temporary setback or the start of a deeper decline.
The Trend Is Your EnemyBTC.D is in an ascending channel. This trend is your enemy until this structure breaks down below the channel. Meanwhile, it could potentially head to the midline and the top of the channel. The weekly RSI set to 50 is still not bullish for BTC.D imo. Once the weekly RSI raises above the SMA trend line then it will be very scary for the s***t coins.
Memorable Saturday and Sunday For Alt SEASON - BTC.D Considering the divergence in volume and the closing of the daily and monthly candles below the figure of 59.67%, we can anticipate the beginning of alt season in these 2 days.
Capital management and risk management should not be forgotten. Be profitable 💕
BTC.DOMINANCE IS MORE IMPORTANT THAN BTC ITSELF WHEN TRADING ALTAnalyzing BTC.DOMINANCE
I am observing a doji candle forming on this week’s chart, which could indicate that the top is in for BTC.D and that we might start seeing a decline within the next 1 day and 11 hours.
For altcoin trading to become viable, BTC.D needs to drop toward 56%.
I lean toward the view that BTC.D will begin to fall and that altcoins will gain strength within the next 1–2 days.
However, if BTC.D regains strength, it could rise toward 60%, which would likely cause altcoins to continue falling, making them harder to trade.
We are the mercy of BTC.D, so that's what we need to keep our eye on!
BTC.D - BTC Dominance Breakdown, Alt Season StartsAfter a 2 Months of downtrend for ALT Coins, the Breakdown in BTC dominance could fuel their recovery and could be signaling the start of Alt Season.
Continued follow-through is needed to signal the start of alt season.
Many alts have dropped to near record lows, and with BTC dominance signalling a breakdown, risk reward is looking favourable for alts.
Altcoinseason is around the corner, get ready. Hi fellow traders, BTC.D will be ready to make a wave lower from the blue box after it completes the ABC correction. When the dominance of BTC starts to decline the Altcoins will rise. The BTC.D chart could potentially go up till the green fib line within the blue box. I think this will be a good time to position yourself. Target will be the previous bottom. Good luck and trade safe!
Bitcoin Domination to Last LongerThe price of the main currency's domination charts familiar pattern of sideways consolidation.
The dominance might stay in the range between 55% and 62%.
The blue zigzag illustrates potential scenario of consolidation.
The final drop to retest 55% level could be scaring but this will be just
a final leg down before uptrend resumes to target 65-68%.
BTC Dominance Breakdown = Altseason Incoming?BTC dominance (BTC.D) has broken down from key support, signaling a potential altseason ahead.
The breakdown below the 54.11% – 54.85% support zone suggests capital rotation from Bitcoin into altcoins, which could trigger major moves across the altcoin market.
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Dominance of BTC: what does it say?BITSTAMP:BTCUSD
✅ Bitcoin dominance has reached its PRZ range and is fluctuating in the corner of the ascending wedge pattern on the four-hour time frame, which can begin its corrective trend to the following levels if the bottom of this pattern is broken:
58.60, 57.66, 56.80
✅ On the daily timeframe, the major support at 56.80 must be broken for the structure to turn bearish 👌
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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BTC DOMINANCE AND ALT SEASONIf we completed 5 waves up, structure ABC should be next. When price take liq above last high (A wave) we can see start of the drop and alt season. If not, btc price will go more to the upside and btc.d will rise again.
Everybody is expecting alt season so market makers can do opposite... lets see.
This is not a financial advice.