SpartaBTC

Comparison of trends. BTC domination - halving + LTC - halving.

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
From the left side
Bitcoin dominance chart by market capitalization. Halving will approximately occur on May 18-20. Perhaps an upward wedge will form before halving. Then a strong drop in the dominance of bitcoin and pumping altcoins. I showed the zone for a more likely reversal on the chart, although the entire zone for observation is an uptrend line. I think that most likely the peak of domination will be 1-1.5 months before the halving.

You also need to understand that the situation may change bistro if domination breaks the uptrend line (red line) and consolidates below it. This will mean the beginning of a downtrend and the beginning of a full-fledged pump of the viola season in which most already do not believe, and this is a good sign.

Domination has long been near the uptrend line and the farther in time, the situation is heating up. Sooner or later, a breakthrough will occur, I think everyone is looking forward to it.

The right side of the graph.
The upward trend of the coin before the litecoin halving (LTC) and then the downward trend of the coin after the halving. Which continues now. The price fell 5 times and this is not the limit! Note that the price peak happened 47 days before the important event - LTC halving. It is highly likely that this will happen with bitcoin . Money just before the halving will flow into cheap altcoins.

I think that this comparison of trends makes it clear that a drop in bitcoin dominance is inevitable, and the higher the ratio to other altos rises now, the steeper the drop in domination will be. Think about the decline in the dominance of bitcoin by a large percentage. And how will it be possible to raise the price of altcoins that have lost 80-95% in value.

It is very pleasing that most people do not believe in the revival of the alts from the afterlife. Faith is completely killed.
I think that the majority of believers when they received from their hold zeroing their deposit by 80-95% already completely lost faith in what they believed.

Perhaps just before the market reversal, the last lowering of the price of altcoins will take place. So that people get rid of altcoins and say: "I’m selling my promising hold - altcoin at any price, just to get rid of it and forget everything like a bad dream." When this happens, the altcoins pump season will begin.
Comment: Bitcoin dominance Formation of an ascending wedge before halving
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Comment: Everything is going according to plan.
An important zone of support for the dominance of the BTS has broken through. Altcoins begin to pump up. So far, only with a small capitalization.
Now there are 2 important levels of support shown in the idea, everything is decided from them
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Comments

Very interesting! Thanks
+1 Reply
SpartaBTC CryptoGoGo
@CryptoGoGo, Thanks you
+1 Reply
well presented
Reply
SpartaBTC Skinwah
@Skinwah, Thanks.
Reply
Usually don´t give a you know what about trading view analyses, 100 traders=267 opinion. This one is an exception, very nicely done, I personally think alts have or are close to a bottom as well
Reply
SpartaBTC Mansasuma
@Mansasuma, Well, the "bottom" is an indefinite concept))) But on many coins there is an accumulation phase which is visible with an unaided look. For example, I would defend my gained position at a certain price, I think everyone has this logic, no one wants to get a loss out of the blue.
Reply
SpartaBTC Mansasuma
@Mansasuma, If I do not control the price of a particular altcoin, then I prefer to enter the market not at the bottom, but at the beginning, for example, an uptrend.
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Thank you for your work and share , i believe that the geopolitical aspects will play a big role right now , traditional investors have their habits with gold when the world is shaking for war , so we could expect surprise indeed .
Wish you a lucky and best new year you could have .
Reply
SpartaBTC ValentinStragon
@ValentinStragon, Thank you very much
Reply
SpartaBTC ValentinStragon
@ValentinStragon, Politics, wars and the financial world are interconnected.
Reply
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