BTC.D trade ideas
BTC.D update - Jan 03 2025BTC dominance followed previous analysis nicely and had an upward move which was in fact the retest of the long term ascending trendline as well as the 58% zone.
The retest seems to have been completed and BTC.D appears to be heading for much lower levels.
This means more focus should be placed upon altcoins as they will probably out-perform BTC from now on provided that BTC doesn't dump heavily. in other words as long as BTC.D is dropping and BTC remain steady or rising, we can experience an alt-party/ altseason.
Bitcoin dominance to confirm a downtrend soon- follow up analysis on this one:
- Total new ATHs indeed marked the top of bitcoin dominance
- for the past two weeks or so bitcoin dominance has rebounded however it is becoming clear that the rebound is likely to form a lower high
- while alt/usd valuations will still depend on bitcoin´s direction they should soon suffer less when bitcoin is falling and outperform heavily when the king is rallying
BTC.D; AT A CRITICAL POINTBitcoin dominance is at a very critical point. Two scenarios can happen here. If BTC.D holds the 57% support, a huge move can happen with the dominance reaching 70%. If it loses that support, we can expect a double bottom with the dominance reaching 40-45%.
Since we saw a shadow and btc.d held the 54.5% support, it may strengthen the possibility of an upwards move (though it wasn't bullish enough to break the resistance and we had a bearish candle before that as well) so the market is in an uncertain state.
pay attention to the 60% resistance. The dominance couldn't break it the previous time, and it still needs to be broken.
For now, 55.80% can also be reached and we might see an attempt for breaking the resistance from there (with a lower chance), in that case the second scenario plays out and 70% can be reached (if the resistance is broken ofc)
BUT, if the support is lost, first this current support and then the 55.8%, it is more likely that we will see a double bottom (MTF).
This part is my speculation: I'm not bullish on BTC itself but I am bullish on Ethereum. If the dominance rises and the price falls, it will be a hard time for the whole market, but if the double bottom scenario happens for btc.d, we can see another drop in alts (not a huge one) with BTC reaching 70K then a good time for altcoins. However it's my theory and I might be wrong.
I hope the market sentiment shifts, and investors realize they shouldn't sell off everything when Bitcoin dips. If Bitcoin's dominance falling, Ethereum should not fall just because Bitcoin's price does. But it happens SMH
BTC.DOMINANCE CHART Every year before the altcoin season, we observe a familiar pattern: BTC dominance (BTC.D) rises significantly, then drops sharply, creating room for altcoins to rally.
2018–2020: BTC.D peaked at 72%.
2021: BTC.D dropped from 72% to 39%, sparking an incredible altcoin season.
We seem to be in a similar cycle now!
2022–2023: BTC.D rose from 40% to 60%.
Could we see a drop in BTC.D this year? It’s highly likely!
If BTC.D were to drop back toward 39%, it could signal an immense flow of capital into altcoins, potentially igniting an altcoin season reminiscent of 2021’s explosive rally.
I CANT WAIT TO SEE IF THIS PLAYS OUT!
Dominance analysis of CryptoCRYPTOCAP:BTC.D #BTC .D
CRYPTOCAP:TOTAL #TOTAL3
From the generalization of the altcoin chart and the Bitcoin dominance chart, we can see that the altcoin pump is imminent.
Just have to wait for the dominance bit to complete its pullback to the broken uptrend.
Altcoins may be on the lookout until the pullback is complete.
A little patience, dawn is near.
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Bitcoin DominanceMaximum suffering is nearing completion for #alts
While the major correction that occurred in #Bitcoin recently will cause a major upward phase for CRYPTOCAP:BTC.D , it will also be left behind as a healthy RETEST for the supply zone lost on a monthly basis and the rising wedge.
CRYPTOCAP:BTC dominance confirms retest for retracement on monthly basis heikin ashi candles!
ALT SEASON ?With the dominance surging to a major resistance level, it’s time for a retest and a pullback, signaling a shift in liquidity towards altcoins and their potential rise. On the 4-hour timeframe
we observe the formation of a descending triangle :
In any case, we’ll watch and see how it unfolds.
Happy Trading !
CRYPTOCAP:BTC.D BITSTAMP:BTCUSD COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSDT BINANCE:DOTUSDT BINANCE:ETHUSDT
$BTC DOMINANCElook's like for me this BTC dominance is going downward..
the most awaited part in crypto space
maybe we will see a roller coaster ride of up and down drama's on all altcoins
this drama maybe last for 2.4YRS of altseasons. while BTC might struggle to gain her dominance.
upon checking of BTC/ETH dominance ETH might outperform BTC sooner.
trader smarter everyone , dont put all your eggs on one basket..
BTC.D BTC Dominance 1WFor over a month now, Bitcoin dominance has broken the falling wedge pattern to the downside and has even completed a retest. However, we believe it will continue to move within the box you see on the chart for a while before heading towards the targets marked on the chart.
The main BullRun will begin when it breaks below the box. The estimated timeline for this to happen is Q1.
Bitcoin Dominance RisingAs you see here there is much to consider.
One of my key points outside of reading the chart is that for years, the crypto space has somehow accumulated wealth in projects that don't deserve it, with MEME coins being the main focal point. This market and its Tech weren't created as some child's plaything.
There is much value in places it shouldn't be, and regulation is needed for this market to have a 30-year run.
Now to education.
As you see the dominance has broken out from a higher low accumulation with liquidity being much higher. Bitcoin deserves higher market dominance before ever breaking down again, destroying most projects that don't belong in the space.
Stay safe in this bear market to come and enjoy it, we won't get one like this for a very long time if ever.
PS. Leave your immaturity to yourself, you won't get a response from me just because you don't agree or you're upset that I'm speaking the truth and won't be invested like you want to so I can lose along with 90% of the market.
They wanna Cill us, But we will rise again soon!Bitcoin is oscillating in a rather boring price range, while altcoins have experienced a significant price drop. However, we shouldn't lose hope. A historical comparison suggests that we can expect growth in altcoins. This is not an investment advice, and I do not consider myself an expert analyst. Please invest in the crypto market with risk management in mind. Wishing you all the best!
Bitcoin dominance or showing weakness? This looks right on a certain line in the sand, with the higher targets at 65 and above. The monthly close will be interesting and using a simple pair of moving averages, it still looks like a continuation to the upside is more likely than a trend change. But it's very close - it needs to get above this horizontal resistance level with a favourable monthly close.