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ALTPARTY

What Is Going To Happen In ALT SEASON? 💃It looks like that Alt Season is started.. Every single parameter on BTC.D, TOTAL, TOTAL2, OTHERS.D and ETH/BTC shows this to us.. For example you could see a lot of Alt Coins were pumped yesterday as Bitcoin just was ranging.. But to make sure of this fantastic party in ALT Coins we should wait and see if the BTC.D weekly candle will be closed below 60% or not. If that happens, we can start the celebration of April.. But let's check some data to see what is going to happen is ALT SEASON, and what do I mean by "Celebration"?? Let's look at BTC.D weekly chart above: As you can see, I made a clear time-line for you 28 DEC 2020 to 22 MAR 2021, that show us Bitcoin dominance came from top (73.55%) to around 60% and this is about 17.16% drop on dominance. This only 17.16 drop, made Ethereum to move from $900 to $2000. I'm sure you've seen what happened to other Alt Coins during this time-line... By using Fibonacci and finding strong support lines, you can see that I predicted that this BTC.D drop will go down around 42.24% on Dominance.. Check out this folks, it'll be a 31.1% drop from now on.. This is going to be twice as what happened in bull market.. Now Let's check out the TOTAL weekly chart above: This chart shows us how much money is in the crypto market. I put the exact time-line as before, 28 DEC 2020 to 22 MAR 2021. As you can see, the time when the bull market was started, TOTAL chart shows us 678 Billion Dollars were in the market.. However, Let's check out how much money is in the market now?? AT the time that Alt Season is starting, there is 1.869 Trillion Dollars in the market and this is huge.. What is going to happen to this money when Alt Season is started? of course, This money is going to flow into the Alt Coins and again, THIS IS HUGE!!! I used Fibonacci analysis on this chart to, and it shows us that in Alt Season TOTAL market is going to be al least but not last around 2.5 Trillion Dollars and this is 263.39% growth from when the bull market is started.. It's time for Shit coins, Let's look at OTHERS.D weekly chart below: This chart show us the dominance of shit coins on the market. And again the exact time-line as we spoke previously. OTHERS.D made a movement from 5.63% to 12.19% and that 120.87 growth. This is the reason why you've seen shit coin flew high in previous months.. If OTHERS.D can break this resistance are around 12% it can go up at least and again not last around 15.69%. This will be 177.17% growth since the bull market is started. This chart shows us if shit coins can capture 15% share in crypto market they will give us a huge amount of profit to us during ALT SEASON.. But be careful guys these kind of coins are dangerous, as the can give us big prizes the can make us harm in huge losses. So don't forget about your Capitol and Risk Management. Our last chart to talk about is TOTAL2 weekly chart here below: This chart is just like TOTAL, but it shows us how much money is in Alt Coin markets. That means everything except Bitcoin. The same as above, 28 DEC 2020 to 22 MAR 21. At the time when Alt Coins bull market was started, there was 198.709 Billion Dollars in TOTAL2. At the end of the time-line there was 705.867 Billion Dollars and this is a 258.01% growth.. I'm interested!! What about you?? TOTAL2 managed to break it's resistance area upwards. Fibonacci analysis is telling us it can go to at least but not last around 1.118 Trillion Dollars. This is a huge 465.61% growth since Alt Coins bull market.. All These enormous numbers shows us, this ALT SEASON is going to be a lot different than what happened before in previous ALT SEASONs. I've been telling you about this ALT SEASON in my previous ideas, couple of months and weeks ago.. If you didn't read the I strongly recommend you to do that so, because there are a lot of important information for you to know in them.. I hope you can find this idea useful and make yourself ready for these huge numbers.. I will update this idea and of course I will post new idea.. So stay tuned for further details and information.. What is your point of view or analysis on ALT SEASON , I like you to share it in the comment section for me, so we can share our knowledge together. And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :) If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
CRYPTOCAP:BTC.D
by ArshiaZojaji
17
Alt season coming in upcoming days 🧨I can smell Alt season is coming.. So pack your bags, I hope we're going to have interesting months coming in.. Let's look at these two charts together.. First BTC/USDT 2 Hour chart and second Bitcoin Dominance on 4 Hour chart. In BTC/USDT chart we can see a double bottom classic pattern that is activated that made the price go top. After this bullish movement the price will need some retracement move downwards to the lower support area as I marked in the chart as as "Box Number 1". If the use Fibonacci extension in both higher and lower level of this area, the first Fibonacci level will be around in "Box Number 2", as you can see in the chart.. This is some kind of resistance area, that can make the BTC price move downwards. I'm sure we all can agree on this that it's a green light for Alt Coins.. There will trouble for Alts if BTC price breaks this resistance level and set a new all time high it can move to higher levels around 71,000$. But Let's forget about this scenario and focus on which the resistance area that may reject the price and check out the BTC Dominance chart.. If you can see my previous ideas, I marked a support area at 60.8% for BTC Dominance. I put a green and yellow area as a strong resistance for dominance in it's retracement movement. The Dominance is bouncing well between these two lines. But let's checkout the trend line that can make a triangle pattern with the resistance line that I explained above. Triangle will need minimum 60% percent of it's time length to let the price break it's higher or lower levels most of the times (This is not an exact fact, it's some sort of practical experience). So if we calculate the 60% of the triangle time-line, It will be around 274 candles in 4 Hour chart as you can see above. So in the time of BTC retracement to the top BTC.D will feel this gap to the 274 candles and we will reach to the last week of March.. It is more likely for BTC price and BTC.D to reject their both resistance areas at the same time, They will go down so quickly as I drew the green arrows for you.. These correlations shouldn't be by chance, Let's see how it will work.. This is just my idea, It shouldn't be picked as an financial suggestion my friends.. I like to see your charts and ideas in comment section, so we can talk more about this interesting part of our investments. I'm sure sharing our ideas together will make all of us to take more profit from this market.. And as always feel free to ask any question about my idea, I'm willing to give help as much as I can to the TradingView community..
CRYPTOCAP:BTC.D
by ArshiaZojaji
9