This chart is telling a very clear rotation story. This is the classic setup traders watch for an *Altseason signal.*
*1. Top Chart - BITCOIN DOMINANCE (BTC.D) at 60.43%*
BTC.D is trapped in a *Rising Wedge.*
- It has been rejected 3 times from the upper white trendline, at those blue circled areas. Buyers are failing to push it higher.
- The lower white line is the support.
- Right now it's at 60.43% and the red arrow shows the expectation: if that lower line breaks, BTC.D can drop straight to 58.50% - 58.00%.
When BTC.D falls, it means money is rotating out of Bitcoin and into Altcoins.
*2. Bottom Chart - ALTCOIN DOMINANCE*
This is the most important part.
- Altcoins tested the grey 53.8% resistance line 2-3 times before, and now they have *broken out above it and successfully retested it.*
- Now it's holding above 54% and the green arrow is pointing up. That means the breakout is confirmed.
- If it stays above 54%, the next targets are 56% - 58%.
*In simple terms:*
Bitcoin Dominance is exhausted at the top, Altcoin Dominance has broken out from the bottom. Together they are saying *capital rotation is happening.*
This is not a 100% guarantee, but if BTC.D gives a daily close below 60%, the chances of a sharp move in Altcoins become very high.#altcoins #BTC $BTC
$BTCDOM
$ETH
*1. Top Chart - BITCOIN DOMINANCE (BTC.D) at 60.43%*
BTC.D is trapped in a *Rising Wedge.*
- It has been rejected 3 times from the upper white trendline, at those blue circled areas. Buyers are failing to push it higher.
- The lower white line is the support.
- Right now it's at 60.43% and the red arrow shows the expectation: if that lower line breaks, BTC.D can drop straight to 58.50% - 58.00%.
When BTC.D falls, it means money is rotating out of Bitcoin and into Altcoins.
*2. Bottom Chart - ALTCOIN DOMINANCE*
This is the most important part.
- Altcoins tested the grey 53.8% resistance line 2-3 times before, and now they have *broken out above it and successfully retested it.*
- Now it's holding above 54% and the green arrow is pointing up. That means the breakout is confirmed.
- If it stays above 54%, the next targets are 56% - 58%.
*In simple terms:*
Bitcoin Dominance is exhausted at the top, Altcoin Dominance has broken out from the bottom. Together they are saying *capital rotation is happening.*
This is not a 100% guarantee, but if BTC.D gives a daily close below 60%, the chances of a sharp move in Altcoins become very high.#altcoins #BTC $BTC
$BTCDOM
$ETH
