"Crypto's Compass: Key Charts Reveal Next Major Market Move"

Crypto Market Analysis: Key Charts Revealed by Analyst

In a recent market analysis shared on a popular trading platform, independent trader and Zero Complexity Trading founder Koroush Khaneghah highlighted several critical crypto charts that could influence the next major market move. With over 50 startup investments under his belt, Khaneghah emphasized the importance of BTC/USD, BTC Dominance (BTC.D), TOTAL2, ETH/BTC, and SOL/BTC charts in understanding the current crypto market condition and potential future shifts.

BTC/USD: The Market's Compass

Khaneghah identified BTC/USD as the primary indicator for determining the stage of the bull run. According to his perspective:

• Breaking above all-time highs (ATH) resumes the bull run.
• Consolidation below ATH signals altcoin accumulation zones.
• Major structural breaks indicate a potential bearish turn.

Currently, Khaneghah sees BTC/USD ranging below all-time highs and coming off major uptrends, which could present either an altcoin catch-up scenario or a prolonged accumulation phase before Bitcoin's next ATH attempt.

BTC Dominance (BTC.D): Altcoin's Barometer

To assess altcoin movements, Khaneghah turned to BTC Dominance, which tracks Bitcoin's share of the total crypto market cap. He explained that increasing dominance indicates Bitcoin outperforming altcoins, while decreasing dominance signals capital flowing into altcoins.

Crypto Market Cap Excluding Bitcoin (TOTAL2): Altcoin Behavior Analysis

The TOTAL2 chart, excluding Bitcoin from the total crypto market capitalization, is crucial for analyzing altcoin behavior. Khaneghah advised traders to look for long positions on the strongest altcoins when TOTAL2 breaks out, rotating out of Bitcoin and shifting capital into alts.

ETH/BTC: Altcoin Sentiment Gauge

Khaneghah underscored the importance of ETH/BTC as a helpful barometer for broader altcoin sentiment. When Ethereum outperforms or stabilizes against Bitcoin, it generally sparks confidence in altcoin rallies, often referred to as "altseason."