Intro:
We are at 57,49% Dominance, a very interesting dynamic that makes us think "Altcoin coming?" .. let's not jump to simple conclusions so far.
Altcoin perfect pivots are when we lose supports or retract while achieving targets (just like the 58.5%).
But now we want to check how are things moving in ranges while the time passes by.
The start of this cycle/end of the last one.
Lets go back to 2023
While approaching the end of the bearmarket in June 2023, the dominance started a range with the 48.98% Bottom until October last year, with 140 days of that particular range.
After October 2023:
2nd Dominance Cycle had 161 Days with 51% as a Bottom and 51,84% as the TOP when we saw the ETFs and BTC price skyrocketing and dominance range ended at April 2024.
April 2024: BTC started the price range we're about to leave and the dominance Kept Climbing!
3rd Dominance Cycle had 115 days with 53,4% as a Bottom and 54,46% as the TOP and the dominance cycle ended at July 22nd.
And now we get to the actual wave:
After July 22nd the price was low, people in FUD and the Dominance went up once again.
4th Dominance Cycle Bottom is yet to be found, and that could be IMO be between 55,68% to 55,37% while the TOP at 59,56% and luckily 61,10%
Why is that important?
Because that's when we want to know when to get more or less exposed to Alts and when to believe BTC will keep moving up or moving sideways.
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