Bitcoin Dominance (BTC.D) is approaching overbought levels on several key oscillators across multiple timeframes. While the 1-Week chart still shows momentum that could push BTC.D slightly higher over the next few weeks, the indicators are signaling an upcoming shift.
📅 Timing the Rotation:
We're eyeing mid to late July as the likely window for a rotation into altcoins. This would mark the beginning of a potential mini altseason, where top-performing altcoins could outpace Bitcoin for a limited but lucrative period.
💼 Strategy Insight:
This could present a strong opportunity to trim or exit older alt positions from earlier in 2024—especially if they rally hard during this period of temporary dominance weakness.
🔍 Watch the oscillators and volume trends closely. The BTC.D reversal could be subtle at first but may lead to outsized moves in select alts.
📅 Timing the Rotation:
We're eyeing mid to late July as the likely window for a rotation into altcoins. This would mark the beginning of a potential mini altseason, where top-performing altcoins could outpace Bitcoin for a limited but lucrative period.
💼 Strategy Insight:
This could present a strong opportunity to trim or exit older alt positions from earlier in 2024—especially if they rally hard during this period of temporary dominance weakness.
🔍 Watch the oscillators and volume trends closely. The BTC.D reversal could be subtle at first but may lead to outsized moves in select alts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FREE Newsletter with Bitcoin Cycle Analysis
strategymaster.substack.com
strategymaster.substack.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.