Bitcoin Dominance is very special. How it is special is for you to figure out. The greatest thing about Tradingview is the ability to press play on the charts after time has elapsed. Be sure to come back after 6 months to press play.
Your mouth will drop.
This will be one of the most studied charts of mine for years to come. But I am a simple pleb swimming endlessly in the pool of knowledge.
I know enough to make you think twice about your plan.
It whispers sweet melodies into your soul. Time and time again, I find myself staring in awe at one of my time-series creations.
Bitcoin dominance is going to 96%.
This means it will absorb the entire alt coin market.
Doubtful?
Excellent.
It means BTC .D is going to absolutely rip your face off.
The technical presented is quite simple when you take a step back and look at my overall macro narratives..
As it should. Net Weight distribution of BTC .D will fuel a USD ( DXY ) hyperinflationary cycle to 135. Net Weight distribution of BTC .D will also fuel a XAU .USD ( GOLD ) hyperinflationary cycle to 2600.
That is your clue.
Absorption of BTC .D with TOTAL Market Cap absorption = 100% chance of BTC going back to abysmally low level.
This chart is old. I have worked on this for years. Waiting patiently for the narrative to execute.
Oh and it will execute. That is a guarantee. One of the best kept secrets in the game...
Thanks for Pondering the Unknown with Me,
Glitch420
Zlecenie aktywne
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Baseline Snapshot:
Time Series Active.
Komentarz
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As always, my charts are not calls to be but are active time series models that are for my record only.
Any and all use of my charts outside my own headspace is 100% at your own risk.
They are for log keeping of my timeseries snapshots.
I only offer an alternative view.
Nothing more, nothing less.
Lurk at your own risk.
How can I be right?
I have been wrong so many times..
hehe.
Komentarz
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I also don't expect it to follow exactly as shown.
But similar.
If you have been watching awhile, maybe you will notice a few things.
Maybe you won't. I have 4 previous versions. All failed.
But not because I was wrong about the move, but because the timing was significantly off.
I have a good feeling I am not so far off this time.
Komentarz
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Just some perspective.
A blank canvas tells much.
Total Market Cap.
Komentarz
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The mechanic is..
TOTAL MARKET CAP gets absorbed by DXY, as crypto plebs convert corn n alts to hard their hard currencies. EUR. JPY. GBP etc.
The absorption process is fueled by a rising BTC.Dom.
Alts flow into Bitcoin, BTC.D rises.
As BTC.D rises. TOTAL MARKET CAP continues to fall.
This absorbs Bitcoin into the abyss.
As well as hard currencies, crypto capitulation turns gold and metals into a safe haven.
This means DXY and GOLD now blast together, BTC.D rises with alts evaporation and TOTAL 1 eats the total cap of Bitcoin.
All that weight flows into forex.
Forex is where it is at during this net weight transition.
Crypto space is maturing and institutions are venturing into alts and you are predicting BTC Dominance back to 96%. I don't think so.
Super_B_XinR
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Most investors do not have enough money in their accounts to hold them for such a long period of time because their money must be used for living expenses. Even if they can foresee how many times they will gain, the total return will not cover their living expenses because of the small size of their funds.
So just to make this clear on your projections is that you believe in the near future sometime in 2022 BTC.D will pump resulting in BTC to moonshot making new highs. You also think that this will absorb the entire alt market meaning BTC will rise and alts will fall or get left behind? After this will happen there will be a major altseason completing the crypto cycle?
BTC.D skyrockets. Total Market Cap falls. = BTC bear market + ALT coin bear market.
AxeCapp
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@Glitch420, Ahh I see. So your stance is bearish on the overall crypto markets. BTC.D can go up while BTC price can be going down right? When do you think we will see another altseason?
DrM200x
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@Glitch420, how does bit domiance goes up with Total market cap falling? how does higher btc dominance equate to lower market cap and btc bear? my brain is smooth lol
opeth4crypto
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@Glitch420, You are forgetting that this is not an ICO led Alt market heavy scene like 2017-18. Alts (the top ones) are in a better situation than those years. 96% Dominance even in a full Bear market cycle is unlikely IMO. Don't respond to me now. Ping me in 6 months time to see how it progresses.
CryptoBullTrades
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Sure 💯💯😎
elfr3one
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That’s wonderful this is a beautiful chart keep it up your analysis every time hit the top profit I remember when you posted the uj & au you are insane
SecretsOfWealth
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Lol do you have a crystal ball 😅 .. stop this sh.t