BTC.DIn my opinion, wave 5 of 5 has been completed and be ready for the fall of Bitcoin dominance. Considering this analysis, altcoins can be at the price floor.
BTC.D trade ideas
ALTCOIN COMING UP SOON We have two indicators here, with the blue one representing BTC Dominanc and the yellow one representing BTC. There is a relationship between BTC Dominance and BTC. As BTC rises, BTC Dominance rises as well, and vice versa. This chart shows that there is a divergence between BTC and BTC Dominance. Specifically, when Bitcoin falls and BTC Dominance rises, it indicates that investors are moving out of altcoins and into BTC as a safe haven. This could lead to a long-term trend Divergence could ultimately result in a decline in BTC Dominance in the near future. Another indicator is the Correlation Coefficient. When this value reaches +1, it indicates a strong relationship between BTC and BTC Dominance. If the indicator drops below this level, it suggests divergence, which strongly indicates that BTC Dominance might fall in the near term.
KASPA and RAYDIUM are trending the most since All Time HighKAS and RAY are two gems that need your attention based on my graph. Take care
ALTCOIN SEASON 2024 PREDICTION... When?... AnsweredKeep an eye out for the CC (0.618) rejection on BTC.D.
If rejects, we could see a nice Altcoin season rally, just like Dec 2020 - May 2021.
Reference:
Extremily extended $BTC.D Bitcoin DominanceThe Bitcoin Dominance CRYPTOCAP:BTC.D is almost at the vertix of the wedge
It is been 2 months now it is flerting with the down side, but returns to the wedge formation
Once the break down is confirmed, expect a surge on alts!
BTC Dominance Update (1W)This analysis is an update of the analysis you see in the "Related Ideas" section at the bottom of the page.
According to the analysis we published months ago, it is moving.
In this update, we updated the supply.
When bitcoin dominance hits the supply area, the alt party can start and we can see altcoins pumping.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC.D - 2024 Q3 - Q4 [Forecast]I'll tell you what will happen.
In the coming days / weeks, BTC will go down, approximately to levels between 55,000 and 65,000. Altcoins will go with it, some more, some less, as usual. So now we are selling and opening shorts - I'm serious.
Then, after the drawdown, we close the shorts and buy BCH, RLC, TWT and API3 (other opportunities will appear over time - stay tuned for ideas) and hold them until the end of the "alt-season".
And what will happen next, 100k or the abyss, we will tell you later.
Always yours,
Mark Cryptex
BTC Dominance is at its strongest resistance!!Bitcoin Dominance (BTC.D) is currently the primary driver of the overall crypto market.
A clear break down and retest is what we can see from the chart.
Key Points:
BTC.D as a Market Indicator: The recent market dump is attributed largely to a surge in BTC.D. This suggests that investors are shifting their funds from altcoins to Bitcoin.
Waiting for a BTC.D Rejection: A rejection of BTC.D at the 56-57% level is seen as a potential catalyst for a broader altcoin rally. This implies that if Bitcoin dominance fails to sustain its upward momentum, it could signal a renewed interest in altcoins.
USDT.D as a Leading Indicator: While USDT.D has shown some signs of rejection, it hasn't been enough to trigger a sustained altcoin rally. This suggests that the market is still awaiting a clear signal from BTC.D.
Risk of Further Dump: If BTC.D breaks above the 56-57% level, it could indicate continued selling pressure on altcoins, potentially leading to a more significant market downturn.
In essence, the analysis asserts that the fate of the altcoin market is heavily dependent on the behavior of BTC.D. A downward correction in Bitcoin dominance could be the spark needed to ignite a broader altcoin rally.
$BTC.D- where do we top out?long time have'nt had a look a this since the alt season keeps eluding us
The way i see it we should get a decent rejection here at least once before it breaks bad
in other words relief for alts followed by dominance flip the white line and going for 63 level which would cause the capitulation wick on btc pairs
followed by our fast and furious alt season .. :)
BTC.D Analysis#Bitcoin Dominance ( Analysis)
BTC.D is at 56.68% (Live),
It's heading towards the resistance (57.03%) by breaking the symmetrical triangle pattern.
FakeOut will lead a massive pump in #Altscoin
Breakout of the resistance will lead a huge crash in #Alts
BTC.D Analysis#Bitcoin Dominance ( Analysis)
BTC.D is at 56.68% (Live),
It's heading towards the resistance (57.03%) by breaking the symmetrical triangle pattern.
FakeOut will lead a massive pump in #Altscoin
Breakout of the resistance will lead a huge crash in #Alts
Bitcoin dom breakoutBitcoin dom is about to break out of the bear fib channel. It will attempt to close the “gap” in the dom - an area that was never retraced. We can see a big spike in the price of Bitcoin.
BTC.D - The Importance Of Buying Bitcoin At Major PivotsI have overlaid Bitcoin over Bitcoin Dominance.
Since and including the market bottom we have had 2 major pivots until now.
The 3rd appears to be breaking out now.
And so the moment when Bitcoin breaks out following a long sleepy correction tends to be when Bitcoin Dominance also breaks out as highlighted by the arrows on the chart.
The effect of this is that many but not all altcoins are a sleepy as Bitcoin pumps.
And so by buying Bitcoin it allows the potential opportunity to swing into altcoins with profits.
Of course you have to realise when a major pivot is printing to be able to do this.
...
On BTC.D we are now approaching Distribution Resistance and the retracement Golden Window that we have been watching for a very long time.
I think there is a good chance that this will be the last wave up before a major reversal in BTC.D.
And perhaps that may come closer to the 0.786 retracement ratio.
As it gets above Distribution Resistance and into the 0.618 - 0.786 Golden Window there I will be considering swinging into some altcoins...
Not advice
Bitcoin Dominance up to 70% by the end of 2024 ?!I think this is the same as 2020 Bitcoin rally in August to December 2020 then the start of the Altcoin season.
Bitcoin dominance ready to surge to the upside- consolidating for more than 4 months
- monthly RSI forming a bull pennant (continuation pattern)
- since btc : btc dominance correlation is still positive, dominance this bullish likely implies a big Bitcoin breakout is coming
BTCUSD BTC Dominance 61.8%After a long triangle in wave 4
Domination Bitcoin went for a breakout to possible 61.8% Fibonacci targets
