Bitcoin Dominance 1D Chart - Major Altcoins Rally Depends On Thi- BTC.D is currently trading at 64.36% and is trying to flip a bearish bias by making a Lower High
- Instead of asking everyone the same question when will we see an Altcoin Run/Rally the answer to all your questions is here
- You will only see an Altcoin run when you see BTC.D crashing and BTC either staying stable or pumping hard
- BTC D depicts the flow and rotation of money in BTC when compared to other Cryptos
- Once money starts revolving out of BTC it usually flows into major alts and other Alts
- Easy explanation: Once Bitcoin D and USDT D flips majorly bearish you will see a major rally in alts as shown in the Bearish Path if not you will see a huge dump in Alts if BTC D jumps to 72%
Btcd
Bitcoin Dominance (BTC.D) about to hit the given levelBitcoin Dominance (BTC.D) measures Bitcoin’s market capitalisation as a percentage of the total cryptocurrency market cap. It’s a key metric for understanding market sentiment, reflecting whether investors favor Bitcoin (BTC) over alt coins or vice versa. Technical analysis of BTC.D involves studying its chart patterns, indicators, and levels to gauge potential market trends, such as Bitcoin strength or alt coin season.
Chart for your reference
-- Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources and X posts. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
Bitcoin Dominance 1D Setup - Bitcoin D is currently trading at 58.26%
- Bitcoin D is going to be the biggest indicator to track when Alts will bounce
- Bitcoin D has changed its market structure and can soon shift its bias to bearish once we see a weekly close below 56.18%
- 90% of altcoins are struggling to make a comeback and stay strong for long as BTC D and Bitcoin is outperforming ETH since quite long
- One thing to notice for all Trader/Investors is going to be ETH/BTC pair, ETH/BTC on a weekly TF has already bottomed out and it has recently reacted strong and at the same time TRUMP's inaugural is tomorrow where we can see that Trump has added ETH worth 5Million $
- Ethereum is going to be the biggest indicator clubbed with ETH/BTC USDT D once these start outperforming and USDT D underperforming ETH will print 50-60% and maybe purge a new high and that will lead to an altcoins rally
$BTC.D Buckle up, Altcoin Fam!CRYPTOCAP:BTC.D Expecting the true alt season to arrive later. Bitcoin Dominance Index is currently consolidating for its last legup, potentially reaching 60% or beyond in the coming months.
This isn't a signal to sell, but a suggestion to buy more. The real altcoin excitement is still ahead. #Bitcoin #Altseason
BTC Dominance IdeaNotice the similarities in 2017 and now. The marked Green circle shows the similarity of Today with 2017 BTC dominance. We are currently ending Cycle "2"->"3" and about to start Cycle "3" -> "4" in August 2021. As per this chart, BTC dominance should fall after reaching the 1.618 Fib Retracement at BTC dominance 51 level. August 2021, we could see a Good Alts rally as BTC dominance could be falling like in previous cycle.
BTC Dominance IdeaNotice the similarities in 2017 and now. The marked Green circle shows the similarity of Today with 2017 BTC dominance. We are currently ending Cycle "2"->"3" and about to start Cycle "3" -> "4" in August 2021. As per this chart, BTC dominance should fall after reaching the 1.618 Fib Retracement at BTC dominance 51 level. August 2021, we could see a Good Alts rally as BTC dominance could be falling like in previous cycle.
How to ride BTC rally? When to move money from BTC to ALTS?MICRO TRENTS:
BTC.D is currently forming an ascending triangle.One thing most of the people didn't realize is that during the ascending triangle(this week) $BTC.D tested previous strong resistance. And now it is ready to be launched. My prediction is that It's going to break the ascending triangle and move towards first resistance line. Around $16,500, and then it might retest BTC trend line around $11500 (market will be very volatile at this point)
Will add more after fulfilling given targets..
MACRO TRENDS:
Blue lines are the resistance lines/rays, derived from 2017 bull run - Can be seen as the starting points.
Watch out for these lines, will create a good shorting opportunity.
- First line is at 69.90% Dominance
- Second line is at 77.43% Dominance
Future prediction on when to get the money out of ALTS:
When $BTC dominance hits yellow line or breaks yellow line then it means that the ALT season is over. Time to covert investment back to $btc (with stop-loss) or $USDT to be safe