For an altcoin bull market, BTC dominance must fall...
2024-11-13


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(BTCUSDT 1D chart)

There was a shake up and down.

This movement can continue until the next volatility period, around November 16-19 (up to November 15-20).

What we need to look at is when the StErr Line or the M-Signal indicator on the 1D chart rises and touches.

This phenomenon can be seen as occurring because the disparity is too large.

In any case, the key is whether we can withstand this shake.

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(BTC.D 1M chart)

I think that in order for altcoins to rise, they need to show a concentration of funds toward altcoins.

Therefore, I think that BTC dominance should fall below 55.01 and remain there or show a downward trend.

Currently, BTC dominance is showing an upward trend in BTC's shaking.

Otherwise, altcoins are likely to gradually move sideways or show a downward trend.

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(USDT.D 1M chart)

If USDT dominance remains below 4.97 or shows a downward trend, I think that the coin market is likely to show an upward trend (bull market).

However, in order for altcoins to rise in line with the upward trend of BTC, as I mentioned earlier, BTC dominance must also show a downward trend.

Otherwise, there is a possibility that a strange market will be formed where only BTC rises.

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Have a good time.

Thank you.

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- ​​Big picture

It is expected that a full-scale upward trend will begin when it rises above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15

These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.

We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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