Altseason Loading? BTC Dominance Hits Key Resistance!The BTC Dominance chart is testing a long-term weekly resistance zone.
Every time it hit this trendline in the past, we saw a strong reversal. If history repeats, altcoins could soon gain serious momentum.
Stay alert. A shift might be coming.
#BitcoinDominance #Altseason
Key data points
Previous close
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About Market Cap BTC Dominance, %
Coin
On crypto market, a coin dominance is a ratio of its market cap to cumulative market cap of cryptocurrencies. It's a great way to see how big a coin is relative to the whole crypto market — the value of everything is in comparison. It's calculated by dividing a coin market cap by the overall market cap of the top 125 coins and then multiplying it by 100. The result of these calculations and how it changes over time you can see on the dominance chart — calculated for you by TradingView.
Bitcoin Dominance TA, Bearish SignalsRecently I spotted a very strong, long-term bearish signal on this index. A triple-bearish signal as it is present with three indicators. I am talking about a bearish divergence.
Volume has been dropping significantly as the index moves higher.
The weekly RSI peaked October 2023 and has been produc
Alts: Dead or Ready to Explode ?!Hello Traders 🐺
Still doubting the possibility of an Altcoin Season?
Probably yes — and that’s fair. We’ve been through a major correction over the past 4 years, especially in the altcoin sector. But the big question is:
Are alts dead... or is this just the calm before the actual storm? 🤔
As you m
Let's Watch Bitcoin Dominance Together!Hello, Skyrexians!
You may think that we make analysis on CRYPTOCAP:BTC.D too often, but it's needed because as we pointed out many times we are closed to the global top and it's important to predict when altcoin season starts.
Today we have 12h time frame to look in details at final wave 5 insi
BTC Dominance: What a Rise Could Mean for the MarketTechnical view:
Rejecten from EMA 20 & 50 as support and the upward move has been confirmed by a breakout above the 63.47% level.
The next target for BTC.D is around 64.34% – 64.49%.
This scenario remains valid as long as price holds above the 63.17% level.
Understanding BTC Dominance (BTC.D) and
Dominance the system core- for me it has always been very complicate to explain BTC.D to peoples, because it's complicate ! lol
- it's weird to understand the moves and many factors have to be compared together an alchemy have to happen to see something happening.
- So basically to explain it, i will tell you what "we want
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.