Sell Signal For Bitcoin DominanceOn Friday, my indicator combo gave us a big old SELL, meaning dominance by Bitcoin is about to dump. This does not mean the price of BTC will drop. In fact, it could continue to rise.
What it signals is that the altcoin market is about to 🚀🚀🚀! Therefore, if Bitcoin rises, Altcoins will rise even faster. Get ready! The rocket ship is about to launch for alts. Bull run incoming.
BTC.D trade ideas
BTC DOMINANCE / BTC.DI think #BTC.D is done>>
Good Luck >>
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Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
$BTC.D chartNow, about altcoins and CRYPTOCAP:BTC dominance.
The CRYPTOCAP:BTC.D chart (Bitcoin's dominance over other altcoins) is an insightful metric that answers many questions. Essentially, the higher the value, the more money flows into CRYPTOCAP:BTC compared to other crypto assets.
Looking at the chart, you can see that since November 2022, money has been actively flowing into $BTC. The key level was 49%. This level was successfully passed by CRYPTOCAP:BTC , indicating that CRYPTOCAP:BTC.D was set for growth.
And that’s exactly what happened. The next target for us became 57-58%, where we anticipated a reversal.
Right now, we’re at this level, but whether there will be a reversal or if CRYPTOCAP:BTC.D will continue to grow – it’s hard to say. We’ll need to closely monitor it over the next few weeks.
The only thing we can say for now is that CRYPTOCAP:BTC is confidently showing its dominance.
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BTC.D is going where I thoughtTHere isn't much to say beside BTC dominance is going up to that resistance between 60% and 62% as I anticipated many months ago. It's likely we'll still have some bleeding for altcoins but as soon as BTC.D will reach that level I expect it to range close there after a rejection and follow the scheme you can see here
Just keep buying what you like, altseason is close!
Good luck!
Bitcoin Dominance Keeps Rising: Alts Will Keep Getting Rekt!Most altcoins have been underperforming BTC by quite a big margin over the last ~2 years. If you look at most alts, they are edging around the bear-market lows or trading slightly above it. A far cry from BTC's ~4x above the bear market low.
The result of BTC's overperformance is the sharp rise in Bitcoin Dominance (BTC.D).
As of last week, BTC.D has made a new high this cycle. With the risk of a recession increasing, there's a high probability that Bitcoin is going to be the investment of choice for crypto holders (apart from stablecoins).
My assumption is that the BTC.D will continue to rise towards the yellow area, potentially even higher if the recession actually hits.
Alts are prone to lose against BTC, and are likely to keep losing value against BTC for the foreseeable future. On the other hand, if the BTC.D keeps rising it will also come down at some point and cause a massive alt season.
Patience is key.
Bitcoin Dominance (BTC.D) Prediction - Time 1WTrend Prediction - BTC.D Forecasting -
Resistance and Support Lines
When the Bitcoin Dominance Chart (BTC.D) decreases, money exits Bitcoin and may move into USDT or other coins !
We should keep an eye on Bitcoin's price, as it should either consolidate or not drop significantly!
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BTC Dominance Analysis (1M) - Sep 10 2024BTC dominance chart in Monthly timeframe suggests that it's possibly moving towards higher zones most importantly 65% - 67% zone!
if the Sep and Oct monthly candles close above the trendline and 59% level, it's highly possible that 65% - 67% zone is the next target area which will probably be touched in Q2 or Q3 2025.
This possible rise in BTC dominance means that if BTC is going to dump to lower levels, Altcoins will be strongly affected and will drop much more. For an Altseason, BTC.D must begin a big downward movement and a condition for this drop is a prominent divergence in 2W or 1M timeframes: it's unfortunately can't be found on the chart at the moment!
ALTSEASON 2025?In my opinion, 2025 will be a tough year for crypto and this remaining quarter for 2024 is only a bull relief rally.
Cut, euphoria, crash. It will not be different this time. I’d love to see data that supports it being different but no one provides any.
But, I'm still insanely bullish if it bottoms out, but 2025 will be a tough year for crypto and stock market.
Bitcoin Dominance Enters Downtrend (Which Altcoins Are Hot?)Ladies and gentlemen, we have a confirmed breakdown of Bitcoin Dominance (BTC.D) index chart. Not only we are seeing a triple-top pattern fully confirmed, we are seeing the start of a new trend.
A downtrend means lower lows and lower highs long-term.
➢ Bitcoin Dominance going bearish as this chart shows means that the Altcoins will grow in relation to Bitcoin. This index chart supports the bullish bias that I've been showing on hundreds of smaller (altcoins) pairs.
➢ All those ALTCOINS vs BITCOIN (ALTS — BTC) are set to grow strongly, the strongest growth in years. This is yet another confirmation signal.
➢ The index produced a strong bearish candle this week, deleting four weeks of sideways action. A clear rising wedge pattern is breaking towards the down-side. Bitcoin dominance is moving lower for sure and this dynamic has been playing out for a while now.
➖ Prepare for the drop (Bitcoin).
➖ Prepare for the rise (smaller Altcoins).
➢ If you are wondering which of the Altcoins pairs will grow, please visit my profile. I shared all the best one recently and in the past 38 days. There is a filter. If you read, you will find the ones that are going to move strong, fast and first. If you are confused, it is meant to be this way... Reading the trade-ideas will clear all confusion and will lead to massive profits, growth, peace of mind and success.
Thanks a lot for your continued support.
Namaste.
BTC DominanceIn the past, when the price of cryptocurrencies started to rise significantly, Bitcoin’s market value compared to all other cryptocurrencies often increased first. This suggests that Bitcoin may be a good indicator of how the overall crypto market is doing.
New factors, like the growing interest in Bitcoin ETFs and increased liquidity on the blockchain, are helping to drive the current market up and shows that this cycle is slightly different from the ones in the past.
Almost Uptober?
BTCD / BTC DOMINANCEBTC Dominance (BTCD) Analysis: Weekly Timeframe 📊
The chart displays Bitcoin’s dominance (BTCD) on a weekly timeframe, marking significant dates for potential opportunities.
🟢 September 16, 2024 - Buy Date (Green Line):
This line indicates a potential local bottom in Bitcoin dominance, suggesting an opportunity to accumulate BTC or Bitcoin-dominant assets as dominance may increase.
🟢 October 7, 2024 - Buy Date (Green Line):
Another local bottom is forecasted for this date, offering another entry point to increase Bitcoin-related positions as dominance is expected to rise after this period.
🟢 January 13, 2025 - Buy Date (Green Line):
A significant bottom in BTC dominance is expected around this date, making it a favorable time to enter long positions in BTC as dominance may rise moving forward.
🟢 February 10, 2025 - Buy Date (Green Line):
This date marks another forecasted low in BTC dominance, which could be another ideal opportunity to accumulate long positions.
🟢 March 24, 2025 - Buy Date (Green Line):
A potential local bottom around this time offers another chance to enter Bitcoin dominance-related positions before a forecasted increase.
🕒 Note: All times are based on Los Angeles time (UTC -7). Cross-reference this analysis with higher timeframes and always account for a potential 1-2 candle margin of error.