While BTC is making new lows today on this pullback - many alts including eth and solana are above their Saturday lows still. Reason being- BTC.D rejected off the 57% level and is pulling back today, which has been allowing alts to hold stronger than BTC itself. This could go two ways from here— now that BTC.D is at support, it either bounces and alts begin...
Is Bitcoin approaching the end of its market dominance? And altcoins are taking over the market If Bitcoin dominance cannot break certain limits, it can provide a start for the growth of altcoins
One the testing for the rising wedge fails, Alt season will start. There may be some consolidation for a few months before it flushes down. Get ready.
I tend to believe that btc dom reached local top here. 3 months of chop, maybe ordinal season? strong allts only 3 months of uptrend, btc solo run to 100k, alts bleed/ chop against bitcoin. then 6 months: btc to 200K & great alts season till end of Q1 of 2025. Sell everything on first of April and this is not a lie (they can easily manipulate this one) 365...
hello guys im back to new chart fractel btc.d soon down to 47%
Now some people are worried about BTC dominance breaking through the diagonal. But my point is that it's worth paying attention to the logarithmic chart. Apparently it indicates more accurately where the diagonal can go. I would expect ~58%.
$BTC.DOMINANCE Descending channel break out on daily TF! 🚨 Upon successful retest expecting a bloody market ahead! 🩸 This means CRYPTOCAP:BTC more to drop 📉
$BTC.DOMINANCE Descending channel break out on daily TF! 🚨 Upon successful retest expecting a bloody market ahead! 🩸 This means CRYPTOCAP:BTC more to drop 📉
Whats Plan B when #Bitcoin gets to $100K. Ok the hype is back. Tighten your belt. Cut your expenses !!! Live like a poor person now so you can BE rich person later. I will keep doing the same thing I’ve done for the last three years…DCA every DIP every DIP DIP... Look BTC.D 1) 2016-17 Continue Down Trend round about 549 Days and -63% 2) 2020-21 Continue Down...
amc and gme are about ready to run. if this correlation is correct, will be a wild bull market!
does not include financial advice. the graph is back to its 2019 appearance let's see if he can spread his wings this time
Here's the information about Bitcoin Dominance: Bitcoin dominance has never reached a higher level than it has in the past (all-time high). When Bitcoin dominance is at its peak (highest), the total market value of all other cryptocurrencies (altcoins) tends to also reach a new high. Historically, Bitcoin dominance peaks around 250 days after a Bitcoin halving...
The fomo of people wanting to start piling into bitcoin is intensifying and we can see that here in the bitcoin dominance chart as price action is starting to poke its head above this purple channel we’ve been consolidating in for some time. For it to truly break out. Of this channel it’s gonna need to flip the tan trendline just above it to solid up port though....
We can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the...
As you know, one of the overall signals for market growth or collapse is Bitcoin dominance.currently, prices in the upper limits of this line are causing the price of altcoins to fall... The price in the lower ranges of this line promotes the growth of altcoinhami. So before you enter any transaction, monitor this signal to measure your risk in that transaction.
Here is my forecast for the bitcoin dominance chart: I think we could see a continued bull run on the BTC.D weekly towards the 70% (overbought) level by the end of this year - so you definitely want to remain overweight BTC until then. The picture also suggests that we may see another "alt season" near the end of 2024, as the crypto market heats up and we enter...
After the recent falls, the 55%-54% range is the key support. When this level is reached, there is a chance that the price will start to rise again to hit those who took the risk and invested all their funds during the last two falls. This is where we plan to increase our positions with the remaining free liquidity. Should the dominance steadily strengthen below...