#BTC dominance and subseason
December 2016 - Peak at 97.40%
🔻 December 2020 - Highest 73.63% (but declined in January)
🔻 December 2024 - Peak at 61.53%
After getting the Best Signal Rejection the 1 Year Altseason starts
Graphic Analysis
1. Target and Prices:
• Considering the trend in the chart, BTC.D seems to be moving with a downtrend. This can be associated with the strengthening of altcoin seasons.
• The 40%-42% zone stands out as a support area as a target. If this level is tested, further increases can be expected in the altcoin market.
2. Support and Resistance Levels:
• Support: The 40%-42% band has worked as support many times before.
• Resistance: Approximately 50%-52% level stands out as resistance. If it remains above this area, BTC's market dominance may increase.
3. Indicators:
• RSI: It is parallel to previous bull periods. RSI going into overbought or oversold areas may be a signal for a change in direction.
• Total 3 Indicator: An important tool for measuring the performance of altcoins. It gives an upward signal in bullish periods. A positive momentum is currently observed.
4. Formations and Formation Reversals:
• Lower High formations on the chart indicate a downward trend.
• If the 40%-42% zone is maintained, a reversal pattern may form here and a new rise may be seen.
5. Trend Direction:
• The general trend is downward.
• However, support can be obtained from levels that may be a sign of a bullish movement (altcoin season) in the altcoin market.
Strategy and Recommendations
1. If BTC.D Falls:
• Interest in altcoins may increase. Especially low dominance levels may trigger the beginning of altcoin seasons.
• It may be a good time to evaluate altcoin portfolios.
2. If BTC.D Rises:
• As BTC's market dominance increases, altcoins may decline.
• It may make sense to shift portfolio weight to Bitcoin.
3. Support Levels Should Be Monitored:
• The 40%-42% level is critical. If this level is broken, a big rally can be seen in altcoins.
4. Signs of Altcoin Season:
• If the Total 3 chart (altcoin market cap) shows positive momentum, it could be a sign of a bull market for altcoins.
Conclusion
• BTC.D's downtrend may present an opportunity for altcoins.
• If critical support levels hold, investors may see greater gains in altcoins.
• However, market dynamics and BTC movements should be closely monitored. If investing in altcoins, stop levels should be determined and risk management should be done.