BTC has reached a critical 60% dominance level, which in the past has often signaled the start of an alt season. While history doesn’t always repeat itself, several other indicators confirm this signal:
- Stochastic RSI is highly overbought - Bearish divergence - MACD is also in overbought territory
Based on my analysis, altcoins are likely to see some relief in November, potentially pumping and outperforming BTC.
Заметка
Looking at the weekly chart, several indicators suggest what may happen next:
- 60% is a critical level where a reversal often occurs.
- The MACD has been overbought for some time.
- The Stochastic RSI is extremely overbought and must correct, leaving no buffer for further upward movement before a pullback.
- Historically, BTC.D has peaked at around 70%, but on the two occasions this happened, the RSI was heavily oversold at the start, providing the momentum to reach that high—something that’s not possible in the current setup.
For BTC dominance to reach a new ATH, the RSI would first need to reset, requiring a significant correction. This could potentially trigger an altseason.
Заметка
Oh I forgot to mention the bearish divergeance that needs to play out.
Заметка
BTC.D is going ***parabolic!*** When will this stop?
I expect a rejection at 60%, but the market is wildly bullish on BTC and the upcoming election. Will altcoins continue to suffer with all eyes on BTC?
Rule 1 of the market: never take things for granted.
Rule 2 of the market: what goes up will come down.
So, don’t panic—alts will have their time. BTC is overheated and will need to cool down. Patience ... the alts will catch up...
Заметка
Altseason coming!!! All signs are here:
1- BTC all time high enters in price discovery.
2- all BTC investors are in profit
3- BTC.D will start to go down
4- Retails are jumping in!!!
5- Election with Trump winning
6- More rate cut from the FED.
The alts will start pumping hard.
What best alt to own?
1- alts with low FDV but good tech (22B valuation is a good shot)
2- coins that are fairly new and use new tech (not ADA, XRP etc...)
3- coins that has low inflation (staking <10% APR, or low VC unlocks)
4- coins that have corrected massively and ready to reverse.
When this will happen?
I think after the electon results. We will have a huge pump, then dump of BTC, Altseason will then start.
Заметка
BTC got rejected at 72k which was expected, as it is almost impossible to break an ATH in 1 shot. So let's BTC eat some liquidity and try again.
Now if BTC get rejected a second time, it will be a bit or a worry.
If BTC get rejected 3rd time, then we will have a dump.
Let's monitor what will happen. I expect a week end with a moderated growth. Monday will give the tone for the week.80% that monday will be green, just before the election.
Заметка
Third rejection at 60.2% – will BTC break through or be rejected?
A rejection seems like the most probable outcome, with a potential drop down to 58%. However, this may not necessarily be a positive development for altcoins, as not all of them might hold up.
BTC could face a drop of over 10% if it’s rejected again at the same level as before, which previously led to a significant pullback. I’m uncertain how altcoins will react this time – will they follow BTC down or hold steady?
While BTC dominance may temporarily decrease, history shows it could still surprise everyone by pumping up parabolically to 70%. Monday will be a pivotal day, with election results on Tuesday. If fraud is suspected or results are inconclusive, we might enter a period of uncertainty that could drive a further market decline.
Заметка
All the ones who were longing the election with a Trump winner are being liquidated, specially the altcoins leverages. A lot will be pissed today.
Заметка
Do you know how the market works? When things seem desperate, that's often the moment to buy.
- Altcoins are struggling.
- Altcoins are super cheap.
- BTC.D is at a key rejection level.
- Bitcoin is at an all-time high.
- BTC.D Stochastic RSI is peaking.
- MACD has been overheated for months.
These are all indicators of BTC exhaustion, while altcoins show signs of a bottom. The signals are all here—just one spark is needed for altseason to begin.
Сделка активна
Thanks, Trump, for sending BTC parabolic! We’re now in price discovery mode, where anything can happen. It's challenging to forecast because there’s no resistance to the upside, and all holders are cash-positive.
As for altcoins, my favorites (INJ, RUNE, UNI, etc.) are also pumping, but they’re still less than 50% of where they should be. The altseason hasn’t started yet.
Meanwhile, BTC dominance keeps rising and has reached the top of its channel at 61%. All technical indicators suggest this could be the peak; however, FOMO is at an all-time high and isn’t following the usual patterns.
Here’s an update: both RSI and MACD are showing signs of extreme heat. These still signal a potential altseason, with altcoins set to reclaim their value. It may take several months for BTC to complete its pump to the logical target of 85k, or it might take just a week.
At this stage, we have to stay humble, read the charts, and discuss possibilities and probabilities. The market is entering uncharted territory.
If you’re holding strong altcoins (the ones currently up +20%), you’re well-positioned for a potential 5x-10x altseason.
The chart still suggests we might be at a peak and could see a pullback in BTC.D, but ultimately, the market will decide.
Check the chart to see the green rising channel and where we’re likely to move from here on.
Сделка закрыта: достигнута тейк-профит цена
BTC.D moved as expected to reach the support at 60%
Заметка
Things are on track with this projection.
- altseason started
- BTC.D now in a descending channel.
Now BTC has not finished pumping, so we might get a bottom and BTC.D will pump again. Stay tuned, I will post a new forecast soon.
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.