When the value of Bitcoin decreases and Bitcoin's dominance in the market increases, other currencies (altcoins) likely lose more value. In this case, investors usually move towards Bitcoin, which is perceived as a safer haven. This can be seen in cryptocurrency markets as a kind of "safe haven effect."
As of this week, the Bitcoin Dominance (BTC.D) has broken out of a 6-month consolidation period. This means that money is flowing out of altcoins into Bitcoin again.
It's difficult to predict how high BTC.D will go, but I think we can make a an educated guess by looking at the diagonal purple resistance.
Historically, bull-markets (especially for alts) started...
By clicking on the previous analysis, you can see the serial analysis of Bitcoin Dominance.
It seems to be inside a large diameter. It is now inside the big D wave of this diametric.
We consider two supplies to complete the D wave. In fact, from one of these two supplies, it can be rejected downwards for 40 weeks.
We have such a view on the dominance of Bitcoin.
Dear my friends,
The market has too much confusing information. However, when I look at the weekly window, nothing has changed. BTC.D is retesting the support line on the weekly frame that it was previously broken.
What I see is that the downtrend of BTC.D will continue and will go down quickly.
On Altcoin's weekly chart, the uptrend is still unchanged.
Looking at...
We all know things can change but on the other hand. Fighting a one year trend, expecting a rollover on BTC.D might not be a happy wait. We know that charting BTC.D is not tradeable but if you are pumping money into ALTs thinking 'tomorrow' is the day? Then the BTC.D chart is not your friend. We are witnessing a strong BTC season that may not be over yet.
I...
Rumor Bitcoin and ETH ETF in Hongkong will approve in Monday and securities will start trading in the next 1 week
What do you think? ETF will make pushing higher or dump consider ETH ETF also rumored will approve in Hongkong
Clear potential breakout above long term resistance trendline for BTC dominance. Now there is always the potential for a fakeout and then break below which could lead to alts increasing, but this is something to watch closely for the time being.
With each bull market, the profitability of alts decreases compared to BTC:
2017 - 63%,
2021 - 47%,
2025 - 24% ?
Please note that the BTC bull markets so far have not included ETFs. This Black Swan can cause up to 4 times greater growth dynamics for BTC (similar to Gold in 2004).
Bitcoin dominance still has room to grow another 3-4% to 58% before it reaches its top and the altcoins season can finally start.
Aim for June / July and convert your BTC to alts at that time.
How low will BTC dominance go? I'm hoping 30-40%.
✍️Altseason refers to a period in the cryptocurrency market when alternative coins (altcoins) significantly outperform Bitcoin.
This phenomenon typically follows Bitcoin’s halving events, as capital begins to flow from Bitcoin into altcoins.
The most notable Altseasons occur when ALT/BTC pairs gain strong market traction.
✍️The duration and intensity of Altcoin...
Candles were trapped into a dead corner,
The market will choose a direction to price up or break down.
It seems that the resistance is losing its control here.
It is a potential uptrend triangle pattern.
If K4 close upon the resistance,
It is likely that an upthrust wave will come up,
And, candles will touch 60% area.
Dominance has held the inverse head n shoulders as support. Expected as we rally into the halving. I rebalanced last week and exited a major portion of memes into Bitcoin or into ordinals/brc20s like ZBIT , Gamestone, Game of blocks, and other Rune plays. Mega bullish on the BTC machines team. Anyway I wish I could add those charts in here but maybe someday....
Morning fellas,
Last night I posted a chart on Link/USDT.
A coin that outperforms others, and always looks bullish, even when it's not trending higher. I guess the hopes for Chainlink are high.
But there could be a pullback, while BTC.D moves up a little.
Lets keep an eye on it, most alts didn't run yet, so im still bullish on them.
Trade thirsty.
Traders,
I know there's a first for everything but, as traders, we usually do our best work NOT guessing when that first will be. In this case, I have traced that descending purple TL back to sometime around November of 2016, which is nearly to the inception of dominance on this particular chart. In it's history, BTC.D has NEVER broken above our trend line with...
Whilst in theory I'd agree with the maximalists that most of crypto is worthless and shouldn't exist it's ultimately my job to agree with the market rather than with other people (and of course especially not with those who care to _disagree_ with the markets)
Many will fall for the same trap that was fallen for in December 2020 and capitulate on alts during...
Hi mates! Im fine, thanks :)
The spirits of the forests and the imperial stormtroopers clashed in a fierce battle and the light of their suffering and rage illuminated the direction where the Great Ancient was stealthy heading. I saw it and sketched it here to bring you the truth! BEHOOOOLD!
Thy worshiperz of the Elderness will consider this heresy, but it is...
Bitcoin dominance continues to rise. With 99% of altcoins unable to reach their previous all-time highs, many are likely to bleed out and eventually become worthless.
The current price action is very similar to May 2019, during which BTC.D held above the 30 Week MA and broke out of the resistance line after consolidating for a few months. BTC.D could potentially...
