#BTC.D 4H Chart Bitcoin dominance is moving up slowly but steadily. I expect it to keep moving up aiming to create a new higher high at 48.1%. by saviour251
Altseason. When and will it be?At the moment the situation is that bitcoin is growing stronger than most altcoins with some exceptions. Well, most altcoins, after rising at the beginning of the year, have slowed down and corrected or are standing sideways, and many are wondering when the alt-season will start? And what is more profitable to continue to sit in alts or bitcoin? What is even called the alt-season? It is accepted to consider the alt-season to be the period, when 75% of altcoins from TOP 50 show better performance than bitcoins during 90 days. But I want to know beforehand, that the alt-season starts and to prepare to it in any way, not just the fact that we are in the alt-season. You can find a lot of sites on the internet with charts showing how close/far the market is from the alts season. I also want to show you a few metrics that you can monitor on your own and make appropriate decisions. 1. Bitcoin BTC dominance graph .D shows market capitalization of the main cryptocurrency to the total market capitalization of bitcoin + altcoins. Theoretically, the lower the domination, the better for altcoins, because money flows into altcoins, but you should take into account that the number of altcoins grows and so does their capitalization. And also altcoins include stablcoins like USDT, BUSD, USDC and if the dominance is falling, it may be connected with the overflow of resources to stablcoins. At the moment the dominance of BTC is growing and we are approaching the upper border of the sidewall, where we will have to see if the dominance will break the upper border or not. If the consolidation breaks up, bitcoin will again show better dynamics than most altcoins. 2. The dominance of USDT.D and USDC.D today are the most popular stablenecoins, a decrease in their dominance means a transfer of money to other assets such as crypto or withdrawal to traditional (fiat) assets. At the moment we see a downtrend in the USDT at 7%, and a consolidation, which if broken down could lead to a dominance around 6% or even lower. 2. The dominance of USDT.D and USDC.D today are the most popular stablenecoins, a decrease in their dominance means a transfer of money to other assets such as crypto or withdrawal to traditional (fiat) assets. At the moment we see a downtrend in the USDT at 7%, and a consolidation, which if broken down could lead to a dominance around 6% or even lower. The USDC is also in a downtrend around 3% and the precipitous drop in dominance is due to the recent loss of the USDC/USD peg, and there is no halt in this trend yet. Other stabelcoins have lower capitalization and their impact on the altcoin market is difficult to assess. 3. ETH/BTC trading pair Unpopular pair, but essentially you can evaluate how much the ether infrastructure grows as when new ERC20 tokens are printed and when their price grows, ETH is bought and held. We see a downtrend and the approach to the important zone 0.06 should be watched for its breakdown, as well as the downtrend, breakdown of which can start a local uptrend and respectively the growth of other tokens on ether. 4. Market sentiment. All cryptocurrencies are considered by traditional investors to be risky assets, just like stocks, and altcoins even more so. Therefore, it should be understood that the growth of these instruments falls in the period when the market's appetite for risk increases. One can track the VIX - volatility index SP500 as a rule, a bullish cycle at the stock market occurs when the VIX index is below 20, but when the index is higher or rises, the investors expect higher volatility and prefer the protective assets. The last bull cycle in the stock market coincides with the alt-season, so this index can be used for your analysis. And also to the powerful factors increasing the risk of investors, is the U.S. Federal Reserve policy, namely adds money to the U.S. economy or takes away by the Fed through QE / QT, as well as raising / lowering the base interest rate. With the latest developments in the U.S. banking industry, the Fed has increased its balance sheet by more than 300 billion, and many are talking that the last rate hike of 0.25% was the last one. 5. Google trends. The level of retailer involvement in the market, also signals to us the beginning of the altseason, when new participants come to the market and buy up everything, for example I took the search queries altseason and cryptocurrency, but you can take any of them at your discretion and monitor the changes in the trend of queries. trends.google.com trends.google.com Conclusions As seen, one indicator hasn't been invented yet and we have to monitor different information sources, at the same time getting something new, but it may give good results as early entrance points and general market mood. It is important to understand which way to trade, isn't it? In my opinion, a full-fledged alt-season should be expected in the second half of 2023, starting in September. Support for the author subscribe ✅ and start rocket 🚀. Good luck and profit to all.by Kirill_Gaitan121214
BTC.DAccording to the previous analysis, Dominance Bitcoin has moved up to its weekly time frame resistance and as long as the previous log, and it is resting and suffering, and with the failure or rejection of this resistance, various states may be formed in the market: 🔰Dominance and Bitcoin both break the resistance »Bitcoin will grow better than altcoins 🔰Dominance and Bitcoin will both be rejected from resistance »Bitcoin will have a better fall than altcoins 🔰 Dominance will break the resistance and Bitcoin will be rejected from the resistance » Altcoins will have a better fall than Bitcoin 🔰 Dominance will be rejected from the resistance and Bitcoin will pass through the resistance » Altcoins will have a sharper upward movement than Bitcoin Any of the above situations may happen, but it seems that a correction in Dominance and, as a result, a further correction of Bitcoin compared to altcoins is more likely.by MrHunterTradeInsight3
#BTC.D 4H Chart Bitcoin dominance bounced off the minor 8h demand around 47.2%. It should break above the high at 48.08% for a continuation of the bullish trend. by saviour251
BTC Dominance ready for a strong bounceBTC Dominance is currently sitting on the strong support and seems to be ready for a strong bounce. RSI currently oversold on daily timeframe. It would make a lot of sense as we still expect alts to drop 50 % which most likely will happen if BTC dominance bounce from this key support. From another hand, if BTC.D breaks down, we may see an alt season and some really nice gain. However, this scenario in our opinion is less likely . We also expect that ETH merge will be a sell event which may trigger the drop in value for other alts too. Be ready for a bloodbath. If BTC.D bounces from the key support , we expect it to reach the upper boundary of the range and BTC.D would be at approx. 48 %Longby vf_investmentUpdated 8
BTC Dominance, Up or Down ? Both good for crypto!As we can see in the above chart BTC dominance is at a crucial point, It is at a resistance which is tested multiple times in last 2 years but failed to break it. We can expect 2 + 1 scenario based on the above chart. Scenario A: Bitcoin will pump and Alts will bleed which will result in break of this resistance for Bitcoin dominance. So if you are holding bitcoin you are gonna be very lucky Scenario B: Bitcoin price will remain the same or see a minor correct but Alts will pump like a bull market. this can result in BTC dominance getting rejected at the resistance. Scenario C: Both Bitcoin and Altcoins will crash and Bitcoin dominance doesn't matter anymore. Personally i'm expecting Bitcoin dominance to increase in the upcoming weeks and we can expect the dominance to break-out the resistance in the upcoming month. Bitcoin price will increase similar to past bull runs and Alts will follow the bitcoin price only after few months when bitcoin starts consolidating. In a bull run Bitcoin always leads the rally and Alts simply follows it.! GreenCryptoby GreenCryptoTrades226
#BTC.D 6H Chart Bitcoin dominance liquidated resistance line and it is currently showing some bearish movements. I expect it to retest the 47.3% area before continuing its bullish movements. by saviour254
🔥 Bitcoin Severely Overbought: Altcoin Season IncomingIn this chart I want to shed some light on the Bitcoin Dominance (BTC.d) and the fact that it's severely "overbought". I'm aware that the BTC.d chart is not representing price, hence applying Technical Analysis on this chart is dubious at best. Still, the RSI indicator appears to be very decent for signaling reversals, even on this chart. As seen on the bottom, the weekly RSI is currently sitting above 70, which indicates that the BTC.d chart is severely overbought. In the total history of this chart, this has only occurred a handful of times. Every single time this occurred the dominance went down for at least a couple of weeks. As we all know, when the BTC.d goes down it means that alts are outperforming Bitcoin. When the market is bullish that would mean that alts will rise quicker than BTC. In a bearish environment it would indicate that alts will decline less than BTC. Whether we're going up or down; Altcoin season is upon us.Shortby FieryTrading191955
Bitcoin Dominance and ATH datesIt is worth noting the action of BTC.D at the times leading up to Bitcoin ATH. It is NOT as one would expect, where the Dominance would be Topping out as an ATH is reached. It is the opposite. The PA of BTC.D Drops sharply And as more "Alts" coins come into the space, the dominance of Bitcoin WILL drop, as can be seen on the chart also. The Green box Bitcoin has been in for a long time now, is the result of 1000's of Alts coming in and taking their share of the market. This is not a bad thing but people may need to realise whast really going on. And as we stand now, BTC, fter weeks of being a front Runner, is nearing the ceiling of that Green Box and likely to meet strong resistance. IF PA breaks out, then we are on a Roll and grabbingh bitcoin would be a very good thing, mostly once PA comes back to retest the old line as support. But this al depends on it breaking out. Bitcoin itself is reaching overbought and is increasingly likely to pull back for a bit, which would be a Good thing....However, this is Bitcoin.....Could do anything.by Orriginal4
Bitcoin Dominance 32923Still extremely bullish. Could test the breakout as a green light and let alts run more. Or continue ripping to the upside as bulls remain in total control, THe weekly is all that matters so zoom out. This thing is going to the moon. Longby BrandonrG0
BTC.D DOMINANCE NO WORRIES FOR ALTSNo worries for alts just keep holding the positions. Huge rally is started :)Shortby karateke9776
BTC.D Dominance Of BTCits time for Altcoin pumping . buy the dip and Hold for at least 6 month . soon BTC.D will be dump And Altcoin Market will be huge pump . Good LuckShortby Crypto-IR7
#BTC.D 6H Chart Bitcoin dominance moved up after retesting the EMAs and it is currently breaking above the resistance line. This may only be a liquidity grab before continuing to move down so we shall wait for further confirmation. by saviour250
altseason get readyafter liquidity was removed from below, they reached the upper limit of the trading range, after manipulation from above and the start of a decrease in bitcoin dominance, a good altseason may turn outby SparrowTradersDiary4
BTC Dominance, Altcoin party is coming or not?. BTC.DHello guys, Consider Bitcoin market cap to help identify market movement and the Altcoin season. You can monitor these two points which will cause the market to turn towards altcoins as dominance declines. Good luck. If its useful please like it as a support and follow me for next analysis :) . Salam doostan aziz, chart arzesh bazar bitcoin hast ke be zire moghavemat khod reside. in chart ro baraye tashkhise harkat bazar va alt season dar nazar begirid. ba nozooli va renj moondan in ravand, baese enteghal poole be altcoin ha mishe va roshd haye ziyad. moafagh bashid. like va follow faramoosh nashe :)Shortby ArashBanakar115
BTC.D🐇BTC.D 🪄 Bearish Liquidity Magnet Level ( Considering For ShortTerm Altcoins Long ) #eth #btc #bitcoin #ethereum #cryptocurrency #blockchain #crypto #coinbase #bitcoins #trading #money #investing #forex #cryptocurrencies #altcoins #bitcoinnews #investor #altcoin #hodl #binanceShortby Crypton_Calls1
Corrective in D timeframe. Long opportunity in 4h 1hRegards to the BTC.Dom corrective move, we will have the altcoin(/btc) move Go Long ETH/btc LONG ADA/btc Risk cover Borrow BTC in Binance Margin to avoid the risk of Bitcoin crash. Longby rickiebts116
BTC.DPreviously I shared dominance analysis for u. Now we are seeing that is, dominance is started to go down. It means that, winter is coming :). Check my profile that I shared before. :)Shortby karateke9773
#BTC.D 4H Chart Bitcoin dominance broke below the support line and it is now moving down. I expect it to retest the support at 47% before potentially moving up again. by saviour252
BTC.D - Altcoin Season Getting Closer ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 BTC.D has been stuck inside a weekly range for for almost two years. After rejecting the lower bound of the range, BTC.D has been overall bullish trading inside the rising broadening wedge pattern in green. 📉 However, BTC.D is currently approaching the upper bound of the range, and upper green trendline acting as a non-horizontal resistance. That's why we are speculating Altcoins to gain strength after a couple of days / weeks. For now, as long as BTC.D is trading higher , BTC would be dominant and outperforming almost all altcoins. What do you think? Will BTC.D reject the red resistance or break it upward? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst121278
#BTC.D 6H Chart Bitcoin dominance is still ranging inside a symmetrical triangle. We shall wait for the breakout for confirmation and it should close above 47.85% in order to expect further bullish movements. by saviour251
BTC.D 50%I have a current target of 50% for BTC dominance. A large bowl structure has formed and looks to break the middle line of the overarching down channel Here is a previous analysis of mine on BTC dominance that shows this down channel more clearly by Bixley0
BTC.D - Solid Overall Downtrend I have plotted a massive down channel on BTC.D pair Price is current experiencing however a small up phase which can be compared to an earlier state within the green rectangles Small up to about 50% then return lower and altcoin dominance raises by Bixley5