BITCOIN DOMINANCEI think this is a very strong signal that I can see, It has many patterns that show it gonna go more down. After that, we gonna meet Altcoins on the mars. But everything has not to follow patterns or technical analysis, if some good funda comes for it, so has a chance for a pullback. It's all about time.
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Btcd
ALT SZN// UpdateFrom my research (twitter) and from my own due diligence in analysis, I've found BTC.D to be a good indicator of possible opportunities in terms of when to add or be weary of allocating to Alt coins.
Looking back form 2017, we can see that there are a few zones which have been respected over the years, most notably 38-61%. Currently price (and the alts) have had a strong momentum push breaking through the first line of resistance and is now approaching another historically strong zone.
Looking at more recent price action, price has also respected the recent downtrend line. In a downtrend price doesnt just drop, like in the first drop, we have to expect a retracement to test a previous level in order to continue going down.
With BTC making a new ATH, money is flowing out of ALT coins with a select few still appreciating in price. Is this the end up ALT season? I dont think so, but the possibility of a pull back is definitely close. This is just my view from a technical standpoint, of course fundamentals will play a big roll also in what happens next.
If we take a closer look on the smaller TF, we can also see suggestions also of a short pullback for a retest of the broken 61%.
My advice that isnt financial advice is to rotate out of ALTs that you cant see a plausible use or those that havent been stable over this past 1-month period. Though everything has been flying, now may be the time to take profits and protect downside. I.E trailing stop. However this depends on your entry, risk averseness and how much DD you are willing to take.
Let me hear your thoughts, in the comments, other views are welcomed. I'm here to get rich, not be right.
BTC Dominance projection based on the lengthening cycle theoryIn the perspective of a lengthening cycle theory, with the end of the cycle around end of 2022, we would have a much longer time to develop the alt season, with a double top cycle in BTC like in 2013, and the coming correction in BTC would coincide with a surge in BTC.D. If this perspective is confirmed, it will be better to go out of crypto and stay in FIAT the time that BTC finishes correcting.... To be followed closely
Blue line = halving
Green line = start of alt season
Red line end of altseason 2017 + end of 2021 if we follow the same time pattern as in 2017.
Cfr my long term analysis on BTC trend in the perspective of a lengthening cycle theory for more information :
$RIF/USDT Technical AnalysisI allocate almost 20% of my bags for RIF
Ascending triangle pattern brake out for the second time, good follow up candle after the bounce from 20MA (yellow) thus, confirmation for this breakout is a must before I go for a long position. Another reason why I'm bullish for this coin is the MACD cross on 1 day time frame. I'm still looking for a good follow up candle above it's closing price.
Again, trade responsibly. Trade with a plan and don't let market ruin your fund.
$VITE/USDT Technical Analysis Good day! Vite is currently on 50% retracement as of the moment. I'm expecting for a retest to the trend line, if the price action respects it's support and bounce from their we may see another leg for VITE. History repeats itself BUT it may invalid at any moment when volume spikes downward and BTC.D spikes upward. You can use ADX indicator in order for you to have a bias for the strength of the trend.
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 :)
why crypto will be making new millionaires in 2021 ?!! when I just entered the field of trading crypto since 4 years ago and I was just a silly beginner , I was asking myself how these people are making such massive money 2,4,20 and 100X, are they scammers or hackers, what's going on with them?
I found that the main reason that make alts move is the BTC. As a beginner u can think that when BTC goes high it will be good for alts and when it goes down it will bad for alts, and by the way that's not wrong, however it is not the full scenario, you are just trying to get conclusion when alts go bloody and as beginner that's not bad at all.
let me tell u the full situation, once the BTC.D goes down on short term market is bearish, however it is completely good indicator as bullish signal for midterm reference, so what we are facing right now is completely correct and indicates that we all gonna be reach within 2021 !
what I would like to say, That it makes sense to open Binance coins list and see most of alts +50% , why?? cuz BTC.D is sinking and will still be sinking which is definitely amazing indicator.
we are still bullish and I'm buying more, don't ever be frightened on the wrong time,
support levels as per the chart indicates that BTC.D is going down and down maybe this year we gonna see 35% - 40% BTC.D which will make $1000 LTC - $200 NEO - $100 link - $250 polka and $6000 eth.
I'm just giving examples that it is not impossible at all to see these numbers within 2021 and make sure to be patient , hodl until we can see reverse
YOU WONT STOP MAKING MONEY UNLESS U SELL WITHOUT REASON !! ( FEAR)
BTC.D : Good news for ALTS CRYPTOCAP:BTC.D
Hello everyone 😃
BTC.D is at pressure zone.
This zone will holds BTC.D for couple of days !
This will make space for ALTS to fly...
BTC.D will being uncertainty in this zone.
📌 Also ACC is slightly bearish ( Kinda neutral ).
It's a good time to buy ALTS such as :
TOMO , BAND , LINK , XTZ , SXP , AVAX , DOT , ETC , EOS and SRM.
🔴 Or it could be a pullback zone for BTC.D :)*
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades