BTCD volatility increases as it heads upto resistanceWe are now in BTC.D resistance zone.
If pushes through, as it has of trendline, we will continue seeing alts underperform against BTC. Worthwhile keeping your eye on BTC pairs. BTC is printing a breakout pattern so this is likely to happen. It is the king after all.
Having said that, this is quite a significant resistance zone so it may reject here which will mean alt season. Expect BTC-ETH-ALTS cycle!
For now i don't have a crystal ball so don't know which way it will go but safest waiting for confirmation candle on a higher timeframe before taking position in ALTS.
BTC.D trade ideas
Bitcoin's Final Push: Altcoin Rotation LoomsBitcoin dominance seems to be nearing its peak, but as with every end, we often see one last strong push.
It’s clear that only specific coins are currently outperforming Bitcoin, so I suggest continuing to focus on those until January/February. I believe Q1 will bring a massive rotation of capital into altcoins.
Just remember: most Bitcoin dominance tops tend to come after strong surges. So, I expect Bitcoin to continue climbing before we start calling the top.
If, by some chance, dominance hits 72%, I’ll be shifting the majority of my BTC stack into altcoins.
BTC price up - BTC dominance down = Altcoin seasonThe BTC price can go up to probably $ 120.000. The BTC dominance can go further down the comming weeks back to around 53%. When BTC price goes up and BTC dominance goes down, Altcoin prices tend to increase faster than BTC what gives potentially higher returns on investments.
ultra-fast altseasonI have a hypothesis that this altseason may be significantly shorter than the previous ones.
Everything will fit in 1 month
Conditionally, December 9 may be the end of the altseason, it is necessary to leave when approaching the dominance of 45%
The hypothesis is based on the fact that the altseason corresponds to the altseason according to the fiba of 0.618
Plus, the "tilt angle" (speed) increases with each cycle.
So, perhaps, there will be an indecent lot of people on the departing train waiting for the junction in 2025.
BTC DOMINANCE After a Trump victory the markets are booming, a new BTC ATH pushed bitcoin dominance to new local highs of 60.6%. Now we've seen a decent retracement on the daily candle and BTC is still in price discovery. This indicates to me that we have an altcoin resurgence on our hands, returning confidence in crypto and the green light for crypto support by America is a very important to this current rally.
I could see BTC dominance dropping to 59.5% before any continuation (bottom of the trend channel) higher and that's not particularly from a BTC selloff although that is possible as a SFP, but more likely is just BTC staying where it is and altcoins making up some ground.
RSI has dropped out of the oversold zone with this daily candle, a cool off is eventually inevitable as long as price stays flat while RSI cools it's very bullish.
A lot of that altcoin move needs to be from ETH imo, with BTC @ ATH Ethereum is 72% away from ATH... A massive difference and one that should close up going into Q1 2025.
The standard process for a crypto bullmarket is:
BTC --> ETH --> LARGE CAPS
--> MID CAPS --> SMALL CAPS
So far we're clearly still in the BTC phase, keeping a close eye on the ETHBTC chart to see if the momentum shifts towards Ethereum but that doesn't seem likely until next year at the earliest.
Altseason is closeLast one before sleep, we’re going into an altseason in only 2-3% dominance change . It wont be very big but it deffo helps alts to breath again and live . In the last ta i gave you two scenarios which the second one took place and here we are at 60% and I’m kinda sure about hitting resistance and pulling back for a while .
Will keep you updated .