Bitcoin [BTC]: Watch THIS Signal In Crypto ASAP!

since altcoin season kicked off at the start of November the entire space has more than doubled in value in less than 1 month money has been changing hands quickly from meme coins to new coins and now to Old Coins so the cycle has certainly not been for the faint of heart staying ahead of the trends is what this game is all about so in this video here we will be reviewing the macro time frames on the altcoin space the true Bitcoin dominance chart as well as Bitcoin old coins new coins and mem coin so we have a heap of stuff to get through but before we do please remember that I'm not a financial adviser so always do your own due diligence and research and past results are not indicative of future performance now I do have one small ask from you guys is I have a selfish goal of reaching 100,000 subscribers before the bull market is over I'm at 58,000 and I do thank all of you guys who have subscribed very very much and your regular viewers but I've just checked my analytics and can see that 36. 5% of you who watch my videos regularly are not subscribed so if you could do me a massive favor and help me reach my goal I'll be forever grateful that's it for the self-promotion I'll jump into the charts now starting off with the true altcoin market cap where we remove Bitcoin coin ethereum and stable coin so we can get a true representation of just the altcoin space now I am calling the start of the alt season in November once we started to break a bunch of resistance here you can see all these old tops the market broke out here and of course we've been in a very strong uptrend since with only one reasonable correction so far so we are still seeing momentum in the alt space and this was also backed up with the Bitcoin dominance chart which you can see here now we had our early indications on both of these charts it's important to use them in synchronicity and when we started to see those breakouts on this chart and breakdowns on this chart which we shared ahead of time it was obviously the indication that money was going to be flowing into the altcoin space in a larger way than Bitcoin now we did get the signal on the true Bitcoin dominance where we remove stable coins out of the mix that maybe we're going to be seeing a shortterm reversal we had seven consecutive bars down in this chart from Peak down to trough now you can't see the swing chart on here but just trust me there are seven consecutive bars in that move and typically when you start to see exhaust moves like that you will see a bounce up now the place we're watching for the true Bitcoin dominance was a retest of the breakdown Zone which took place just a few days ago so you can see these Bottoms in the market right around this yellow dotted line and here we are coming back to retest it which also lines up with a 50% level which we know is where we start to expect resistance in the market so I'll recreate that for you coming from Peak down to trough and you can see just roughly speaking we hit that level and we have found a rejection so this correction in the Bitcoin dominance has lined up very nicely with the correction we've seen in the altcoin space because if you just think about what the markets have been doing Bitcoin has barely corrected at all this is the daily time frame the altcoin cap dropped 21% from its peak whereas some alts were down considerably more 30 40 and even 50% I'll get to some of those in a moment with Bon being one of those weaker ones and we were all over this on the channel where we're looking out for the breakdowns beneath old Highs but I'm going to be getting to some memec coin and other altcoin analysis soon but just to wrap up here on the true altcoin market cap we're still sitting in strong territory above those breakout zones and the most important breakout zones is the macro lower top from the previous bare Market you can see this one here it lined up with a monthly lower top and also the previous cycle high in the current bull market so of course as long as we stay on top of those levels still a very strong place to be and there's actually more room to move in this current correction to get down to those levels and still be in a strong market so do keep that in mind the price point is around $680 billion so when it comes to the overall allcoin season provided we don't see any macro Market action beneath $680 billion I am still looking out for a further acceleration to the north side of the market it may just need a bit of time because we are seeing increase levels of volatility and liquidations and we're just starting to settle within the middle of this range but it won't take much for this Market to come back to life what we also want to see in the true Bitcoin dominance is a break back beneath around 58. 7% which will also be underneath the 50% level of the entire Bitcoin dominance bare market so the way I use these levels is strong above and weak below and we are looking at a very macro range so we did get early indications that the Bitcoin dominance chart was looking weak when we started to break some shorter term levels but we are now technically just balancing right around that macro 50% level so we're going to be seeing some closes and lower highs beneath around 58.

7% which will also be further fuel to the fire for the altcoin season as always I look out for invalidation levels and warning signs that the market may not be doing what I think it's going to do and for that to take place now when it comes to these two charts here if we do happen to see a breakout above our short-term 50% level and that recent top it would be a warning sign that the all coin season is going to be slowing down and we are going to be seeing something different to what we've seen previously so that level comes in at around 61. 5% and for the altcoin chart it is at $680 billion for the overall total market cap the price point to watch is $3 trillion I've covered this many times in recent videos so I won't spend too much time on it but provider we can see Market action hold above that level which is the previous all-time high it is still lining up for macro accumulation if we start to see some Clos and lower highs beneath that level then it's going to be slowing the market down a lot and it would be an early warning sign that the cycle has ended early so as you can see we can get pretty close to the market when you're using this type of analysis and Market structure in terms of an actual breakdown in the overall Market to really Sol ify this as being a cycle top and a new bare Market beginning we'd have to break down from some major lows but we can get those early warning signs much much sooner now we have a bunch of charts to get through we looking at altcoins new coins and old coins but I will start out with Bitcoin first on the lower term time frames and then punch through a few more charts now we have seen the third highest close in history for Bitcoin at $100,000 almost to the dot and the good news for that is we close just on that level slightly above and we're also on top of that important short-term pivot point I discussed in yesterday's video and a few videos previous as well at that $99,000 so we are hanging out in strong territory above that previous top we just now want to be seeing some further continuations and some acceleration because the volume is dropping off a little bit momentum is dying down but we are hanging out in strong ground so do keep that in mind in terms of strength and weakness and also Market structure on the 4-Hour time frame I have adjusted this orange horizontal line just a few bucks from yesterday's video you can see how it lines up with that previous resistance which is now acting as support so it's always nice to see old tops become new bottoms we just don't want to be seeing short-term Market action beneath there by the way of Clos and lower highs cuz that will be an early indication we're coming back to break that 50% level and getting weak on a number of other indicator which is not what we want to be seeing for the bull market case but we know that markets work in cycles and Corrections need to happen but we are still hanging out in strong ground for now let's just see how we go over this session and through the weekend session as well ethereum teased everyone in the recent session getting very close to 4,000 bucks but selling off once again you can see that that is the macro lower high from the cycle top so far we're yet to break into new cycle highs for ethereum so you can see this being an important pivot point in the market we have been rejected away from there yet again but I do like the fact that we closed on top of our macro trend line which comes from the all-time high from the previous cycle to the current cycle top so far you can see this diagonal trend line here and we are breaking back on top of that zone there so I like the look of that and I do suspect we're going to be breaking higher before we break lower but the invalidation of that thesis is seeing some short-term closes and lower highs beneath the level then we can start looking out for larger correction back to around that $35 to $3600 price point and potentially even lower salana has been rejected exactly away from its 50% level now that level does come from the all-time high down to the correction low and I will recreate that for you so you can see what I'm doing I have the FIB retracement tool I turn off all the settings other than 0 0. 5 and one that gives us our halfway point it's purely just a calculator and like I cover for you guys all of the time whenever these lines are approached from the underside I'm always anticipating selling pressure is going to pick up it doesn't happen all the time but I'm always anticipating it because it happens just so often you can see the recent session in salant are playing out to Perfection it pierced the line by 99 not even $1 so always look out for some Wicks above or below the line of course I think's going to stop exactly on the line but we have seen that selling pressure pick up so in terms of strength and weakness salana is still technically weak on this last correction and weak on its trend line because we are beneath the line so all we need to be seeing now for salana to work in a stronger position is getting on top of around $335 to $340 once we can start to see some daily closes and high lows above that level then I'm looking out for a retest of that 250 and potentially even breaking the all-time high as well anything beneath that level for me is more likely going to be a failed rally where we will get at least another attempt lower so that's what I'm looking out for now in salana but it won't take much to change that because you can see that we're trying to break High we're just not getting there yet a huge warning sign for salana is seeing a break beneath that major top from March we want to be seeing the support continue to hold up as it has in the recent session but if we see something different and the buyers don't step back into the market at that price it's going to be slowing this Market down a lot and money likely coming out of salano rotating into something else or maybe even leaving crypto altogether link has had loads of hype around it over the last couple of days and what I have here is the weekly time frame not the daily you can ignore that but I have the all-time high down to the bare Market bottom which has calculated the halfway point at around 29 bucks so we at a very important juncture right now for this Market to remain strong we want to be seeing some daily close and high lows above the level and then there's a lot of open ground up to around 36 bucks just a little bit below you can see a bit of a window here where price could continue to accelerate provided we get that strength above our 50% level not only do we have a 50% level acting as resistance we've also got an important lower top from January of 2022 almost 3 years ago so provider we can see at least some short-term reaccumulation above the line I'm looking out for another continuation whether it's long lasting or not is another story but we have that clear Line in the Sand to be tracking xrp is still struggling somewhat since the low on the 10th of December we had one nice big bounce away from that Old Top you can see the previous cycle high at $2 buy stepped into the market to support the price but since then we're just beginning rejected away from the short term 50% level and our short-term trend line so it won't take much to flip xrp into a stronger position we just want to be seeing some Clos and high lows above the level then look out for a retest of that previous top and maybe even putting in a new cycle high as well until that comes about there's still a high chance that we're going to be coming back to retest some lows around that $2 range so this is going to be one to watch say is being rejected away from a major 50% level at 62 cents so keeping it simple in this market here once we can start to see some Clos and high lows above the level it's more likely some macro reaccumulation and we can start to expect some higher prices until that comes about I'm expecting choppy Market action with this Market breaking down and looking much weaker if it drops beneath around 53 cents SOI continues to move from strength to strength printing a new all-time high in the recent session and still seeing uptrends across the board so keeping it really really simple with this Market here Trends are up there's nothing to do other than ride those Trends but for an early lead we may be getting a larger correction for these super short-term time frames we start seeing some 4-Hour changes of trend beneath around $4.

50 then we can look out for a retest of this trend line on the underside but for some higher time frame weakness we want to be seeing some changes of trend beneath that last top at $3. 4 which will also be beneath the 50% level on that last run up so short-term time frames $450 is a price to watch higher term time frames if we break our trend line 50% level and that previous top at $3.