Mini Altcoin Season Incoming?If BTC Dominance (btc.dom) sees a weekly close below 57%, it signals an acceleration of capital inflows into altcoins. In this scenario, a confirmed btc.dom target around the 51% level becomes plausible.
However, for this to materialize, it’s crucial that BTC price movements remain stable. Stability is the key to unlocking this altcoin surge.
BTC.D trade ideas
BTC.D Update: Jenkins’ Secret Slope Indicator in Action
This is a chart I’ve been closely analyzing since June, and it’s been remarkably solid imo. We’ve had a pretty good hit rate in terms of significant pivots in Bitcoin dominance occurring on or around the intersections of the slopes and horizontal retracement lines.
Each “Watch for Change of Trend” (w4CoT) marker represents a vertical forecasted timeline generated when the intersection of the slope and horizontal lines occurs. These markers have consistently aligned with major market movements, making them a reliable tool for identifying potential pivots.
Upcoming Key Levels:
• Sunday, Nov 24: A potential pivot is approaching with the next w4CoT marker.
• Jan 8, 2025 (25% Square Out): The final key date from this setup, worth watching for another significant move.
This analysis uses an indicator that I developed using Jenkins’ Secret Slope methodology. The forecasted tops (red lines) are derived by extending vertical lines from the lows within the range until they intersect with the main slope of the indicator. Once this intersection occurs, a horizontal line is plotted across time to highlight potential resistance or pivot zones.
I’m also keeping a close eye on the current support diagonal, which Bitcoin dominance has consistently found support on. It’s another key area I’ll be monitoring as this setup unfolds.
Thank you for taking the time to view this analysis. Lets see how it plays out!
Bitcoin Dominance Peak: Altcoins Ready for Massive GrowthGet ready for the biggest altseason in history! According to market trends, Bitcoin's dominance has reached its peak, and a significant shift in liquidity is expected to occur soon. This means that investors will start to diversify their portfolios, moving away from Bitcoin and into altcoins.
As Bitcoin reaches critical levels of adoption and price consolidation, capital tends to rotate into altcoins, driving their prices higher. This upcoming cycle is expected to be one of the most significant in history, given the increasing adoption of blockchain technology, institutional interest in crypto, and new innovations across decentralized finance (DeFi), gaming, and Web3.
As a result, the value of altcoins is expected to skyrocket. For instance, a portfolio worth $5,000 today could potentially balloon to a staggering $250,000 to $500,000 by 2025. This represents a massive growth opportunity for investors who are willing to take the risk and diversify their portfolios. The impending altseason is expected to bring unprecedented gains to those who are positioned correctly, making it an exciting time for cryptocurrency enthusiasts.
#BITCOIN DOMINANCE ALTSEASON is here!CRYPTOCAP:BTC Dominance Update🚨
If you’ve been in crypto, you know what this breakdown means. With CRYPTOCAP:ETH already rallying, alts are primed to take off!
Stay calm and stick to your plan; do not make rash decisions.
HOLD for the next few months, You'll be alerted when it's time to take profits off the table!
I’ll guide you on the perfect exit.
If you've been following me for a while you know I’ve been timing altseasons like this since 2019!
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Thank you
#PEACE
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Let's analyse BTC dominance:
BTC Dominance appears to be on the verge of breaking a key 24-month support trend line. This could signal a potential reversal in the current trend, leading to a decline in BTC dominance. Historically, the year following a Bitcoin halving event has often been associated with ALTcoin season year where Altcoins outperform Bitcoin.
Additionally, RSI for BTC.D also seems to be breaking its support level, further indicating a potential bearish trend.
Key Levels:
Support: 56.77%
Resistance: 60.52%
A breakdown below the support level could potentially trigger a significant shift in market dynamics, favoring altcoins over Bitcoin.
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Bitcoin Dominance Pullback Fakeout ?You can see dominance make small green candle but we have strong resist here with trendline
If dominance can't breakout trendline we can see around 57.5% but if this pattern is fakeout we can see dominance pullback like before when dominance just fakeout on trendline