BTC DOMINANCE Massive alt season about to start?According to the BTC Market Cap Dominance (BTC.D), a huge alt season may be upon us if the Rectangle that has been ranging in since May 2021, breaks to the downside. The pattern is quite similar to April 2014 - June 2016. That was when Bitcoin (orange trend-line) was in a Bear Cycle and on September 2015 it was coming off of it. It appears that we might be where that fractal was around December 2015.
Is investing in alts a good idea here?
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Btcdominance
Start of new monthHello?
Traders, welcome.
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The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D chart)
(USDT.D chart)
USDT is trending higher, while USDC is trending lower.
When USDT rises, the coin market is likely to rise.
However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline.
We need to see if USDT dominance can fall below the uptrend line (1).
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(BTCUSDTPERP chart)
(1M chart)
As new candles are created, we will update you again.
The question is whether the price can sustain its rise above 28951.7.
If that happens, the chances of the MS-Signal indicator turning into a bullish sign will increase.
Then, from a trend perspective, it is expected to continue its long-term uptrend.
When a new candlestick is created, it is necessary to check the value of the RSI indicator.
This is because it is related to the HA-High indicator.
This is because if the price maintains by rising above the HA-High indicator, it is more likely to renew the recent high from a trading perspective.
The StochRSI indicator is moving up into the overbought zone, so you should check to see if it is showing signs of exiting the overbought zone.
(1W chart)
Compared to the movement of the 1M chart, both the trend and trading perspectives are showing an upward trend.
Therefore, the possibility of continuing the upward trend has increased from a mid- to long-term perspective.
However, if it rises above 32275.6 and maintains the price, it is expected to start a full-fledged uptrend.
There are so many volume profile sections, so the key is whether it can break through upwards.
(1D chart)
The question is whether it can hold the price above 27656.1 and move higher above 28951.7.
If not,
1st: 25882.9
2nd: 24294.1
3rd: 22421.2
You need to make sure it is supported in the vicinity of the 1st-3rd order.
The 28951.7 point is the stop loss in the 32275.6-37243.4 section.
Therefore, holding the price above the actual 28951.7 indicates that a full-fledged uptrend is likely to begin.
If the price fails to hold above 28951.7, it is expected to turn into a short-term downtrend and you should think about how to respond.
If BTC dominance continues to rise along with BTC's rise, there is a possibility that altcoins may gradually move sideways or decline.
This is a phenomenon that occurs when funds are concentrated in BTC, so we expect it to create an opportunity to proceed with the secondary purchase of altcoins.
This trend is likely to continue until around 43K.
(1h chart)
The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above.
In this story, whether BTC goes up or down is not the focus.
Therefore, you should not view and interpret this content with a mid- to long-term perspective.
- 'LONG' position that requires quick response entered near 'L2', 27656.1-28347.5 (marked in red letters)
1st: 28951.7-30000.5
2nd: around 30971.3
Trade close: around 32275.6
- Possible to enter 'SHORT' position, which requires quick response when falling after receiving resistance around 'S2', 26907.0-27102.7
1st: Around 25882.9
End of transaction: Around 24294.1
However, if you touch M-Signal, it is recommended to sell some or close the transaction to confirm profits.
The trading strategy for entering a full-fledged position will be explained again when you touch the M-Signal indicator on the 1D chart.
What is shown in the current chart is the previous one, and it is displayed for those who are holding existing positions.
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(BTCKRW chart)
The question is whether the price can sustain its rise above 37585000.
If not, you need to check if the price stays around 36412000.
The next volatility period has been moved to around April 2nd.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that we expect to touch in the next bull market.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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BTC.D at resistance... time for Alts to shine? BTC.D is clearly at the top of this macro range.
USDT.D is also dropping.
This means we may see a mini alt season as alts follow BTC's recent rally.
One counter-argument is ETH Shanghai update - Lots of staked ETH will be (is?) getting unlocked, which could create a lot of sell pressure.
Some very crypto/finance savvy friends are shorting ETH here.
ETH makes up a huge % of TOTAL2 (altcoin market cap), so if ETH does start selling off, this idea will be invalidated, USDT.D will pump instead, and alts will bleed.
Good luck out there...
Happy trades
CD
#BITCOIN Dominance ; the path to 20%You're too late to #Bitcoin and #Ethereum
As a vehicle upon which to make retirement money
No matter how much we like or love them - that is the hard uncomfortable truth
When Boomers and stonk market copers believe they are legit as they do all over CNBC you must not put these at the foundation of your core portfolio going forward.
But as profit taking vehicles for you Picks that you intend to hold for this coming cycle.
The low IQ and high IQ investor knows this both profoundly.
Don't be stuck in the middle and and endure middling gains going forward.
The biggest casino is ETH and also BNB you must be able to just HODLIN ETH is my benchmark of performance.
BTC.Dominance Analysis (time to fall)Hello friends.
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Everything on the chart.
Like for me, we're completed our upward movement in form of ending diagonal
Time to decrease, minimal target zone 45.5 - 44.5%
cancellation of scenario - 48.5%
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
BTC.D Weekly resultsWeekly results show no signs of the trend continuing.
At two weeks, there are still 48% in the rejection area.
When the volume is viewed, there are no clear indications,
but it is clear that the 48% area is still quite powerful, and there is a chance that he will move back to the 47% area.
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.
Creating a platform for an uptrend turnaround on the 1M chartHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D 1W chart)
(USDT.D 1D chart)
USDT is trending higher, while USDC is trending lower.
When USDT rises, the coin market is likely to rise.
However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline.
BTC dominance is expected to continue to rise.
Therefore, when BTC dominance rises to around 50.49, you should check the position of BTC.
Currently, it is showing resistance around 47.64-48.80.
The reason why BTC dominance should rise could be the BTC halving next year.
Also, this is because the rise in BTC dominance will be an opportunity to revitalize the coin market.
The rise in BTC dominance can only tell you the degree to which funds are concentrated towards BTC or altcoins, but cannot be used to predict price movements.
Therefore, to see the price volatility of the coin market, you need to check the USDT dominance.
It can be interpreted that a drop in USDT dominance is highly likely to lead to an increase in the coin market.
The volatility period runs through March 31st.
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(BTCUSDT chart)
(1M chart)
We need to see if we can move above 28923.63 and keep the price above the MS-Signal indicator.
Keeping the price above the MS-Signal indicator is important because from a trend perspective, it is expected to continue the uptrend.
What is important to look at on the 1M chart is when the HA-High indicator will decline.
To do so, the RSI indicator (Closing price of Heikin Ashi) must enter the overbought zone.
Due to the rise in March, we need to see what happens to the value of the RSI indicator in April.
The current position of the HA-High indicator is 43823.59.
Therefore, it may rise as it is and rise to around 43823.59, but since I think that is unlikely, the HA-High indicator is expected to show a decline.
When the price rises above the HA-High indicator on the 1M chart and maintains the price, it is expected that the full-fledged upward trend for next year's upward growth will begin.
In this full-fledged uptrend, it is expected that altcoins will gradually fail to follow the rise of BTC and either sideways or decline.
Therefore, you should pay attention to the change in slope.
This move is likely to continue around 43K, so you should take advantage of it when trading altcoins.
(1W chart)
You need to check the shape of the candle.
The current shape of the candle is the shape of a doji candle.
Accordingly, it becomes important whether it is supported around 26574.53.
If it falls below 26574.53, there is a possibility of falling to the vicinity of the HA-High indicator.
(1D chart)
If it finds support around 27662.82, it is likely to continue its uptrend.
So, the question is whether it can hold the price above 27662.82 and rise above 28923.63.
If not,
You need to make sure it is supported around 26574.53 (26013.28-27079.41).
Section 28923.63-30105.25 corresponds to Section C.
If it rises to this section C, it can be interpreted that it is completely out of the bottom section.
However, it is necessary to confirm whether the price will be maintained above section C.
If you ascend to section C, you can see that the bottom section was made over a period of about a year.
If you fail to ascend, there is a possibility of falling to the vicinity of section B, so you should think about countermeasures against this.
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(BTCKRW chart)
The question is whether the price can sustain its rise above 37585000.
If not, you need to check if the price stays around 36412000.
if it goes down,
1st: 35539000
2nd : 31024000-32042000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
The next volatility period has been moved to around April 2nd.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Monthly close - Is Alt Season on its Way?Bulish on Alt Coins
Why:
- MACD Bullish divergence
- Increasing Volume
- Retracement of the previous Bull Run at Peak
- Bullish Monthly Candle
- BTC Dominance (BTC.D) at Resistance, expecting a retest on the previous regional High
Secondary Reasons:
- Overall Bullish Monthly Close of Macromarkets (NASDAQ & S&P500)
- BTC bullish
Feel free to comment on my Idea and let me know what your opinion is.
No financial advice.
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 %
March's last period of volatility has begunHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D chart)
(USDT.D chart)
In order for the coin market to maintain an upward trend, USDT dominance must decline.
A rise in BTC dominance is likely to lead to a fall in altcoins as funds are concentrated towards BTC.
Therefore, an increase in BTC dominance and USDT dominance may result in a decline in the entire coin market.
In particular, if BTC dominance maintains an upward trend, altcoins are likely to gradually move sideways or show a downward trend, so countermeasures are needed.
Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible.
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(BTCUSDTPERP chart)
(1D chart)
You need to make sure you can get support around 27102.7 and rise above 27656.1.
If the price holds above 27656.1, we expect a rise above 28951.7.
If not,
1st: 25882.9
2nd: 24294.1
3rd: 22421.2
You need to make sure it is supported in the vicinity of the 1st-3rd order.
The third period of volatility is March 28-31.
In this volatility period, we need to see if there is a movement out of the 25882.9-28951.7 area.
If not, you should check whether it is supported or resisted around 27656.1.
If resistance is seen around 27656.1, it is likely that it will eventually decline.
I think the 32275.6-37243.4 section is the last gateway to a full-fledged uptrend.
Therefore, if it does not rise to this range and falls below 28951.7, it is highly likely that it will turn into a downtrend, so it is necessary to think about countermeasures.
I think BTC below 29K is a buying section for next year's bull market.
Therefore, I think you should focus on BTC or ETH and how to proceed with the purchase.
When an altcoin is below BTC 29K, it is recommended to finish the 1st purchase.
(1h chart)
The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above.
In this story, whether BTC goes up or down is not the focus.
Therefore, you should not view and interpret this content with a mid- to long-term perspective.
- 'LONG' position that requires quick response entered near 'L2', 27656.1 (marked in red letters)
1st: Around 27102.7
2nd : 28951.7-30000.5
Trade close: around 32275.6
- Possible to enter 'SHORT' position, which requires quick response when falling after receiving resistance around 'S2', 26907.0-27102.7
1st: Around 25882.9
End of transaction: Around 24294.1
However, if you touch M-Signal, it is recommended to sell some or close the transaction to confirm profits.
The trading strategy for entering a full-fledged position will be explained again when you touch the M-Signal indicator on the 1D chart.
What is shown in the current chart is the previous one, and it is displayed for those who are holding existing positions.
-------------------------------------------
(BTCKRW chart)
The question is whether the price can sustain its rise above 37585000.
If not, you need to check if the price stays around 36412000.
if it goes down,
1st: 35539000
2nd: 31024000-32042000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
The next volatility period has been moved to around April 2nd.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
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.
Third period of volatility: March 29-31Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known.
(USDT chart)
(USDC chart)
(BTC.D 1W chart)
(USDT.D 1D chart)
While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down.
When USDT rises, the coin market is likely to rise.
However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline.
Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible.
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(BTCUSDT chart)
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(BTCUSDT 1W chart)
The question is whether the price can stay above the M-Signal on the 1M chart and rise to around 32259.90.
If not, you should check if it is supported near the HA-High indicator.
(1D chart)
The key is whether it can get support around 27662.82 and rise above 28923.63.
If not, you should check if it is supported around 26013.28-26574.53.
If it falls below 26013.28, there is a possibility that it will fall to around 23141.57, so a countermeasure is needed.
The important interval for the long-term trend is the 32259.90-37253.81 area.
If the price continues to rise above this range, a full-fledged uptrend is expected to begin.
This full-blown uptrend is expected to set the uptrend for next year's bull market.
However, if it rises above 32259.90 and fails to maintain the price and falls below 28923.63, it is highly likely to create a downtrend again, so you need to think about countermeasures.
Therefore, the 28923.63 point in the long-term trend is an important point.
The third volatility period was moved around March 30 (March 29-31) due to price volatility.
The next period of volatility on this chart, i.e. the BTCUSDT chart, is around April 7th.
When BTC is positioned below 29K (28923.63), you should focus on buying BTC or ETH.
It is recommended to proceed with the first purchase of altcoins that will be held until next year's bull market.
The reason for this is that when BTC continues its full-fledged uptrend, altcoins are likely to move sideways or show a downtrend.
Therefore, when BTC is below 29K, it is a good idea to end most of your BTC or ETH purchases.
However, as the current price has risen to around 29K, you need to be cautious about buying.
This is because around 29K can act as a resistor.
------------------------------------------
(BTCKRW chart)
The question is whether the price can sustain its rise above 37585000.
If not, you need to check if the price stays around 36412000.
if it goes down,
1st: 35539000
2nd: 31024000-32042000
You need to make sure that it is supported in the vicinity of the 1st and 2nd above.
The next volatility period has been moved to around April 2nd.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
This is the 81K-95K range that we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
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 :)
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!
~Rich