Hi fellow traders,
On the 1D BTC.D chart, I am applying Elliott Wave principles and broader market structure to highlight a potential move down toward the 51.7% dominance level. This zone aligns perfectly with the 0.5 Fibonacci retracement and could mark the next key turning point for Bitcoin dominance.
If this scenario plays out, we may witness a “mini” Altseason — a phase where capital begins rotating out of Bitcoin and into altcoins, sparking stronger rallies across the broader crypto market.
This setup isn’t a trade but a macro expectation, and it could serve as a powerful signal for increased altcoin strength in the coming weeks.
Stay alert — things could get very exciting from here.
Good luck and trade safe!
On the 1D BTC.D chart, I am applying Elliott Wave principles and broader market structure to highlight a potential move down toward the 51.7% dominance level. This zone aligns perfectly with the 0.5 Fibonacci retracement and could mark the next key turning point for Bitcoin dominance.
If this scenario plays out, we may witness a “mini” Altseason — a phase where capital begins rotating out of Bitcoin and into altcoins, sparking stronger rallies across the broader crypto market.
This setup isn’t a trade but a macro expectation, and it could serve as a powerful signal for increased altcoin strength in the coming weeks.
Stay alert — things could get very exciting from here.
Good luck and trade safe!
Note
Note
Bitcoin dominance should come down from here.. aiming for at least 52%.Note
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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.