It’s often said that an altseason begins when BTC dominance drops below 55%. However, the 54% level appears to be a strong support zone, with the MACD showing a low point and the RSI entering oversold territory.
My analysis suggests that BTC dominance has established a range between 59% and 55%. It’s likely to bounce off the top resistance, pushing dominance back toward the support.
If the next drop breaks through this support, it could finally trigger a true altseason.
Trade active
The BTC bull market is starting to show signs of weakness. The BTC whales’ attempt to cancel the altseason has only delayed the inevitable. BTC.D has been rejected by the yellow resistance line and is now poised to dump again, potentially dropping below 54%.
This scenario is unfolding just as predicted:
- BTC will enter a consolidation phase before its final pump, marking the end of this bull market cycle.
- Altcoins are gearing up for a breakout, and there’s nothing the BTC whales can do to stop it.
Here’s the updated chart to illustrate the latest developments:
Note
The BTC whales mother*ckers are trying to rekt the altcoins retails while they are enjoying their familly meal?A fake pump of BTC followed by a dump is attempting to cancel the BTC.D fall
It partially worked. What are they going to do next?
You cannot fight the mathematics. They try to do a soft landing and rebound.
Note
Merry Chritmas guys! enjoy a pause with your familly!Note
We are moving in the right direction. The price action was thwarted by the BTC whales, who couldn’t allow BTC to undergo its correction. They bought BTC to prevent it from dropping below 91k, and they succeeded. This move has delayed the inevitable, but it seems we are finally starting to trend downward.Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
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Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Disclaimer
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Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.