BTC.D: A Long-Term Weekly Analysis of Bitcoin Dominance
This post is about the overall long-term trend of BTC.D, not the day-to-day action. All analysis is based on the weekly timeframe.
Fundamental Catalysts for a Trend Change
A significant downturn in Bitcoin Dominance would likely be preceded by a combination of these factors:
Technical Readout (Weekly Chart)
1. Price Action & 50 SMA
So far, I'm not seeing any signs of a trend change in the price action itself. A decisive break and hold below the 50-week SMA would be a strong indicator of a major trend change. However, other indications will likely appear before that happens.
2. MACD Indicator
Currently, even a bearish MACD crossover on this timeframe would not be enough to confidently signal a larger trend reversal. It could easily just be part of a short-term pullback or consolidation.
3. Diagonal Trendline On RSI
A failure to move above the yellow diagonal trendline could be an early sign of weakness. However, on its own, this is not a strong indicator and requires other signals for confirmation.
4. Stochastic RSI
There is nothing worth mentioning on the Stochastic RSI at this time; it is not providing a clear signal.
Disclaimer:
The information provided in this post is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. All investments involve risk, and the past performance of a security, market, or trading strategy does not guarantee future results. I am not a financial advisor. Please conduct your own thorough research and consult with a qualified financial professional before making any investment decisions. You are solely responsible for any investment decisions you make.
This post is about the overall long-term trend of BTC.D, not the day-to-day action. All analysis is based on the weekly timeframe.
Fundamental Catalysts for a Trend Change
A significant downturn in Bitcoin Dominance would likely be preceded by a combination of these factors:
- US Rate Cuts: An increase in market liquidity from easier monetary policy could fuel a
broader crypto rally, benefiting altcoins. - Shift in Retail Interest: A rotation of attention towards altcoins, which can be tracked by
crypto-related content views. (Note: The rise of AI Search may alter how we track this
compared to traditional Google search metrics). - "Bitcoin is Expensive" Sentiment: As BTC's price becomes psychologically high for retail
investors, they often look for higher potential returns in lower-priced altcoins.
Technical Readout (Weekly Chart)
1. Price Action & 50 SMA
So far, I'm not seeing any signs of a trend change in the price action itself. A decisive break and hold below the 50-week SMA would be a strong indicator of a major trend change. However, other indications will likely appear before that happens.
2. MACD Indicator
Currently, even a bearish MACD crossover on this timeframe would not be enough to confidently signal a larger trend reversal. It could easily just be part of a short-term pullback or consolidation.
3. Diagonal Trendline On RSI
A failure to move above the yellow diagonal trendline could be an early sign of weakness. However, on its own, this is not a strong indicator and requires other signals for confirmation.
4. Stochastic RSI
There is nothing worth mentioning on the Stochastic RSI at this time; it is not providing a clear signal.
Disclaimer:
The information provided in this post is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. All investments involve risk, and the past performance of a security, market, or trading strategy does not guarantee future results. I am not a financial advisor. Please conduct your own thorough research and consult with a qualified financial professional before making any investment decisions. You are solely responsible for any investment decisions you make.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.