BTC.D trade ideas
BITCOIN DOMINANCE ANALYSISBitcoin (BTC) dominance is a metric used to measure the relative market share or dominance of Bitcoin in the overall cryptocurrency market. It represents the percentage of Bitcoin's total market capitalization compared to the total market capitalization of all cryptocurrencies combined. Since Bitcoin was the first asset, it has remained the largest by market cap, which is why its dominance in the market is a number that many people follow. We describe the assets tracked in this chart as crypto assets because it includes tokens and stable coins, not just cryptocurrencies.
Get ready for ALT-SEASON!We got confirmation on breaking uptrend channel downwards in last few weeks and we all know what that means. More CRYPTOCAP:BTC.D goes down better for alt-coins. 47-51% is the range I am looking for. There are few alt-coins haven't made major moves in last year, I will post about it soon. Keep posted!
BTC.D READY FOR RALLY Bitcoin dominance has broken the rising wedge pattern to the downside, creating a large block order zone during the breakout.
Following this, it has retested both the created block order zone and the broken rising wedge.
The next expected move is to enter a distribution phase from this point and decline further towards the 48% level.
Similar movements to the previous rally are being observed. BTC has broken the descending wedge, retested it, and we expect a downward move after the distribution phase.🚀🚀🚀🚀
BTCD breaking downLooking at past halving events and how btc dominance moved, we either already have seen the btcd top or it will happen by end of January. Then if we follow the same patterns from the past, it will take a 4 to 6 month altseason.
The narrative that the altseason won't be like previous half seasons seems like BS. In the previous bull season the btcd bottom was at 40% and this time around it looks like it will bottom around 42% (maybe even lower due to FOMO).
So buckle your belts and hold on to your seats ladies and gents.
BTC Dominance Chart as an indicator(My first shot at really zooming out like this. Let me know what you think)
This is a BTC Dominance chart going all the way back to the end of the last Bull market cycle and then through the bear market to present day. This chart basically shows you how much of the entire crypto market is BTC. When the BTC dominance is on the rise, this suppresses the price of the other coins, but when the dominance drops its very bullish for the stables, alts, memes as well.
The last bull run at the peak, the BTC dominance bottomed out at 38%
Any constructive criticisms, funny comments, advise, adjustments, tweaks, whatever let me know what ya think.
BTC Dominance: Volume Insight!As on the chart: I believe the volume suggests the big alt season will come soon, and that BTC dominance is correcting. And that, given the current scale of the move, the alt season will be less impressive than both of those before. Each alt season has effectively been less impressive than the last, with last cycle's alt season not even able to break the lows of the previous alt season dominance-wise!
The two sets of lines indicate a first corrective phase on dominance, consolidation where volume drops off, and then the really big dominance correction where once again rises. The pattern is very clear and visible to all!
This 'in a few months' view aligns with my EW analysis and time-cycle analysis, which is why volume as another confirming factor gives me additional confidence.
BTC.D Breakdown the Next Altcoin Bull Run Closer Than You Think?Bitcoin dominance (BTC.D) is a crucial metric that reflects Bitcoin's market share relative to the overall cryptocurrency market. A rising dominance often signifies Bitcoin outperforming altcoins, while a declining dominance suggests increased strength in altcoins or a broader altcoin rally. The current chart provides critical insights into the state of Bitcoin dominance, the potential implications for market dynamics, and the timeline for future movements.
Key Observations and Technical Insights
1. Breaking the Rising Wedge Pattern
The weekly chart shows a classic rising wedge pattern that Bitcoin dominance has adhered to for an extended period. A breakdown from this pattern is a bearish signal, indicating a potential shift in dominance from Bitcoin to altcoins.
The wedge breakdown was accompanied by significant bearish momentum, validated by a retest of the breakdown level.
This technical development is a strong indication that BTC.D has entered a new phase of its trend.
2. Current Consolidation Zone
Following the breakdown, BTC dominance has entered a consolidation phase within the highlighted rectangular box (approximately between 53.2% and 58%).
The consolidation suggests market indecision as Bitcoin retains relative strength but altcoin activity starts to increase.
Volume levels during this phase are moderate, reflecting a lack of aggressive participation, which is typical before a major directional move.
3.Key Levels to Watch
Resistance: The upper boundary of the box (58%) aligns with prior rejection levels. A move above this could indicate a temporary resurgence of Bitcoin dominance, potentially due to increased Bitcoin-led market rallies.
Support: The lower boundary of the box (53.2%) is a critical support zone. A sustained break below this level could confirm the next bearish leg.
4. Indicators Supporting the Bearish Bias
Ichimoku Cloud: The dominance has started interacting with the cloud's lower boundary, which acts as dynamic resistance. A clean break below the cloud would further confirm bearish momentum.
MACD Divergence: The MACD histogram is tilting bearish, signaling weakening upward momentum. A bearish crossover on the MACD line would solidify downside expectations.
RSI: The RSI is trending near the midline, showing no extreme conditions. This gives room for further downside before entering oversold territory.
Market Implications and Projections
1. Impact of a Breakdown Below the Box
If BTC dominance decisively breaks below the 53.2% level, it will likely lead to a significant shift in market dynamics.
A drop toward the marked lower levels (approximately 48%, 42.8%, and 39.9%) would indicate the onset of an altcoin season, characterized by robust performance in altcoins.
Historically, such breakdowns in BTC.D have coincided with increased speculation and capital rotation into altcoins, signaling the start of a bull run across the cryptocurrency market.
2. Bull Run Timeline
The estimated timeline for this critical move is Q1 2025, which aligns with broader market cycles and macroeconomic expectations. Institutional interest in crypto, combined with improved market sentiment, could amplify this trend.
3. Potential Scenarios
Bullish Case for BTC.D: A reversal above 58% would require significant Bitcoin-led rallies, possibly fueled by macroeconomic uncertainty or a Bitcoin ETF approval. This scenario delays the altcoin season but strengthens Bitcoin as the primary investment vehicle.
Bearish Case for BTC.D: A sustained decline below 53.2% would confirm altcoin strength and could trigger rapid capital rotation into alternative assets, particularly in high-liquidity altcoins and DeFi protocols.
This chart provides a professional-grade analysis of Bitcoin dominance and its potential impact on market dynamics. The breakdown from the rising wedge, the ongoing consolidation, and the bearish indicators suggest that BTC.D is on the brink of a major directional move. Traders and investors should closely monitor the consolidation box boundaries and prepare for a shift in market structure as BTC dominance declines.
The Q1 2025 timeline for the next leg down aligns with historical patterns and macroeconomic projections. A break below 53.2% will likely usher in a new phase of the crypto market, driven by altcoin strength and increased retail participation. Stay vigilant, as this period could mark the beginning of the next crypto bull run.
Bitcoin Dominance Macro Vision#BTCDominance We have gone 245 days without any major drops, the first time it has taken so long to fall, it has been more than 35 days apart. However, after 210 days the dominance value dropped and it was a mini altseason, but nothing compared to the previous ones for the moment. An exit or sale of everything is projected with dominance at 45%. CRYPTOCAP:BTC.D
BTC.D1 . Increase in Bitcoin Dominance: This could happen if Bitcoin outperforms other cryptocurrencies, especially in times of market uncertainty, making it the preferred asset for investors.
2 . Stable Dominance: Bitcoin dominance might stabilize as the market matures, with Bitcoin maintaining a significant but steady share as other cryptocurrencies grow in value and adoption.
3 . Decline in Bitcoin Dominance: If altcoins continue to gain traction, particularly with technological innovations and use case developments, Bitcoin's dominance could decrease as more investors diversify into other digital assets.
BTC.D DOWNSell off pushing alts into support/lower area of their ranges, potential for more down, accumulation is picking up.
DOM has hit a wall, wicking away on the 4hr from the daily 50% signaling new capital rotation.
DT inauguration soon, sell off, sideways before pump?
Labor market data under Biden admin looks fake. Crypto likely to see the effects and rally soon as fed does fed things continuing QE without labeling it QE.
BTC.D: Critical Triangle Breakdown | Alt Season Signal?Current: 57.98% |
Pattern: Large descending triangle since November peak
Technical Analysis:
1. Macro Structure
- Multi-month descending trendline resistance
- Double rejection at 60% level
- Key support at 56% zone
- Volume profile decreasing in consolidation
2. Key Levels
- Major resistance: 60%
- Current resistance: 58%
- Critical support: 56%
- Target zone: 52-54%
3. Signals
- Triple rejection at descending line
- Volume decreasing in triangle
- Weak bounces from support
- Bearish RSI divergence forming
Trading Scenario:
- Targets:
T1: 56% (initial support)
T2: 55% (measured move)
T3: 54% (max target)
Market Implications:
- BTC.D drop typically signals alt season
- Monitor top 10 alts for rotation
- ETF approval could affect dominance
DYOR - Not financial advice. High-risk market period with ETF decisions approaching. Size positions accordingly.
When is altcoinseason?
I think altcoinseason is getting closer.
We have to follow the trend line, the dominant one has already reached a sensitive area, it may go up a little more, even up to 66%, who knows, maybe even a little more, but when the trend line breaks, that's when we'll have the first serious signs from the start of altcoinseason.
It is quite difficult to reach the 70% area because the market in general has matured and matures from cycle to cycle.
BTC DOM VS USDT DOM!!TL:DR - ALTS GONNA BOOM IF BTC HOLDS.
BTC dominance (BTC.D) and USDT dominance (USDT.D) with the following observations:
BTC Dominance (Right Chart):
• Current Level: BTC.D is at 57.62%.
• Resistance Zone: A marked resistance zone between 58.00% and 62.00%, indicating potential rejection if BTC.D rises into this area.
• Support Zone: A support zone is visible around 55.00%, suggesting BTC.D could drop to this level if selling pressure increases.
• Projected Movement: The green line indicates a potential drop and oscillation within the range, implying consolidation or retracement in BTC’s dominance.
USDT Dominance (Left Chart):
• Current Level: USDT.D is at 3.93%.
• Resistance Zone: Highlighted near 4.40% to 4.60%, showing potential rejection if USDT.D rises to this zone.
• Support Zone: Around 3.60%, indicating USDT dominance could fall to this level, with buyers likely stepping in.
• Projected Movement: The green line suggests a possible bounce from the support zone, followed by oscillation and eventual testing of the resistance zone.
Implication:
• BTC Dominance Drop: Indicates an increase in altcoin activity as funds move from BTC to other cryptocurrencies.
• USDT Dominance Rise: Reflects risk-off behavior, with traders holding stablecoins amid market uncertainty.