OTHERS Dominance - Altcoin DominanceThe chart is OTHERS.D. Essentially altcoin dominance in the market and an indicator of altcoin strength in the market.
Price is respecting a HTF uptrend since 2020, tapping into the HTF trend line which kicked off the prior altcoin seasons in the last cycles on each tap. Price is also coming into the HTF monthly demand range with high volume as price mitigates this area. We are also following the HTF bullish orderflow thats been established since 2020. Over the last few months price has capitulated into HTF demand, fulfilling all my targets and we are forming a range in key levels, whilst establishing some bullish orderflow on the daily timeframe from these lows and key levels.
I think based on the range profile on the daily, we are accumulating here in a local accumulation range, supported by high volume nodes on each wick into these levels, with a sweep of the range lows and now establishing bullish orderflow in the daily range from our HTF bullish levels where ive anticipated the HTF bullish reversal to form as covered in my prior forecasts and breakdowns.
I believe this is the start of a reversal setting up on OTHERS.D, from these HTF bullish levels and we should start to see the altcoin market pick up as this drives higher..
My first draws on LQ are at the 10.13% and 10.5% levels of this daily range.
Once price closes above the prior weekly swing high at the 10.5% level, this will confirm a new weekly HH and a shift in trend from the weekly timeframe, which should then follow into the monthly putting in a new HH in line with the HTF trend.
3M:
2M:
1M:
2W:
1W:
1M/1W/1D:
3D:
1D:
OTHERS-D
CHEAP ShitcoinzIf you believe in the Crypto 4 year cycle
Here is a thread of cheap altcoins in USD terms, that have good technical patterns or sitting on previous support zones from which prices have rallied before.
There are no guarantees only probabilities.
Your capital is at HUGE risk gambling on S coins.
With that being said.
Let's kick it off with LOOM network.
What about altcoins, will the "BULLRUN" begin !What about altcoins, will the "BULLRUN" begin !
In this review:
>Others Marktecap
>Total2 Marketcap
>Total3 Marketcap
>Others Dominance
>BTC Dominanace
>ETH/BTC
>ETHUSD many forms
>ETHUSD/NVDA
Lets start with Others Marketcap
--We see that the volume is slowly increasing in the retest zone. this is positive for us.
When we examine the Rsı levels, we see that it is at the covid level. for such an index, this is "oversold"
RSI(14) 1w and Gaussian Channel
CM Slingshot and LMACD
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TOTAL2 Marketcap 1w
level 1= Accumaltion
Trend mildline
level 2= Bullrun
1008 passed from the summit to today. That's enough :D
Total2 with Keltner Channel
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Total3 Marketcap
"SAME"
2020 vs 2024 !
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Others Dominance
is waiting for the UP movement at the channel bottom leve =)
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ETH/BTC 1w
2016-2024
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ETHUSD
CHart 1/5
Ethereum Log Curve Zones
Chart 2/5
RSI Level and 1008 days
2020 vs 2024
Chart 3/5
Keltner Channel // Top, Bottom and Retest zones
Chart 4/5
-Bullrun EVE
Chart 5/5
CYCLE chart ( just some MATH:D)
Parallel Channel MODE
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TOTAL2/Nasdaq
3...2...1... GO !
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ETHUSD/NVIDIA
Its Ready =)
When you analyse all these chart, the following rings in your head:
>>>ALTSEASON is inevitable.
ALTCOIN CRASH COMING
MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here we can still have crashes. The ALTCOIN market has just hit a critical level . This needs to be watched carefully.
Please watch the video for more information
Have a great evening.
AIRDAO on the comeback trail?This S coin has undergone a rebrand it seems , a main-net release?
I don't know, I rarely dive into the fundamentals of a project... whilst a narrative is nice
and sector rotation is a thing
the age of the ALT coin and any the state of the community / marketing are generally the most important.
Which is all told in the price action of the charts anyway! :)
Supply/demand ---> support/resistance ---> accumulation/distribution
anyway as this chart shows there may be life in this old dog of a S coin.
And it is currently in a low risk (USD) entry zone.
(Don't forget to keep a Moonbag in these S coins as you take profits ... as you never know if it will be blessed this cycle with extreme out performance)
defi summerthis chart portrays the total market cap of the defi dominance.
it's currently sitting at 3.98% with an inverse h&s on a weekly timeframe.
my projected upside target sits at the ath of about 7.95%
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the last meaningful defi summer we experienced was in 2020.
☀
let's make this one count.
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i'm projecting this defi market cap dominance to hit 8% into the presidential election where a soft top will likely be created.
i've shared a lot of plays over the last few months with our members, and we're just chilling into november.
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tldr; hodl into a 3-4 month long alt season, and tp into the presidential election.
OTHERS.D - "V" recoveryAt this moment the "V" recovery suggests a strong buying impulse, but it is necessary to monitor resistance levels to confirm whether this recovery can be sustained, it should exceed 10.34%. Overcoming will we start the expected altseason??
The OTHERS.D chart represents the market dominance of altcoins, which are all cryptocurrencies excluding the top ten by market capitalization.
This chart shows the percentage of the total market cap of altcoins in relation to the total value of all cryptocurrencies, indicating the relative strength of altcoins in the crypto market.
The chart shows a descending trendline (marked in orange), indicating a series of lower highs. This line acts as a dynamic resistance.
The "V" recovery is visible on the chart, where the price falls sharply (forming the first leg of the "V") and then rises equally quickly (forming the second leg of the "V"). This is a reversal pattern characterized by a quick and strong recovery after a sharp decline.
The rapid drop indicates a massive sell-off, followed by a quick recovery, which suggests a sudden return of buyer interest.
Post Bitcoin Halving, is it time for ALTS now ?
This is something I am seeing so many people asking and the only Answer is, "It is impossible to say jsut yet.
Historically, if we look at the BTC.Dominacne Chart below, we can see that, on average, iit is around 200 days after Halving that we see ALTS seasons.
This does not follow that Bitcoin outperform all ALTS however and it is worth noting that Just because BTC.D Drops, BTC PA does not always follow, in fact, in times of strength, is creates Divergences.
But something to take note of right now is simply that on a Daily chart, the TOTAL Crypto market Cap has retraced to sit on the 236 Fib retracenebt line. ( below ) and is currently bouncing off it.
On the other hand, the OTHERS total crypto Market Cap chart ( Minus TOP 10 Crypto ) shows us that it has retraced to BELOW the 236 Fib Line. (below)
This maybe a tough line for OTHERS to cross, even more so if the Supply of BTC is getting Tight, no one is selling and so liquidity is not spreading across from BTC to ALTS and we also find new
Liquidity entering the market getting scarce as the USA monetary policy keep interest rates high for the foreseeable Future. .
So where does this leave us ? With All the TOTAL charts Ranging ? This is a possibility but I can see the Bitcoin "formula" working as it always has....We may see another 200 day Range, With BTC being Top, maybe even pushing to a new ATH. 100K USDT is certainly a possibility as Corporate money flows in,
We have seen profit taking, the sell off of Greyscale BTC that has been soaked up and yet PA continues to range.
Bitcoin is Still in control.
We need to pay attention to the OTERS to see how that copes with the 236 Fib line but , for me, and this is just my opinion, we are now wgere near ALT season yet.
Time will tell
POO Coins are up 1.5X vs #BTC since June. HOW HIGH CAN THEY GO?This chart is of the market cap of #Altcoins divided by the marketcap of #Bitcoin.
If this ratio is going UP
Sh@tcoins (to give them their colloqiual name)
are out performing the #1 #Crypto asset.
("there is NO 2nd best.. " M. Saylor)
Risk ON.
Aka Silly season.
If this ratio is going down.
Then S coins are underperforming BTC
Bear market... S coins getting wiped out.
.... Got it?
Good.
Throwing on a Fib extension
(please draw your own chart... I am not a Fibonnaci expert by any means)
We can speculate how high,
and how much they will outperform.
and the magnitude of gains left on the table
Take Your pick of the extension level.
Or retracement Level if you are a Bitcoin Maxi, and don't believe a new ATH will be made in this ratio...
Good Luck in your speculations.
#ALTCOINS are still BULLISHLY positionedWe cleared the 200d MA
CHECKBACKED
and had a slight correction
looking for another higher low
as we SMASH the key yellow line for GOOD
to confirm #Crypto spring for the many non-believers in this rally!!
:)
#SHIB
#LINK
#LTC
#CULT
#HEX
#PP
#DBI
#NEAR
#FTM
#AVAX
Others 1W (Crypto Total Market Cap) until end of 2023Sideways until the end of November between 101B and 124B. In December Others Market Cap may jump up to 137B - (false)breakout? Followed by (probably unsuccessful) retest in the second half of December (end of January 2024) falling down to 124B or even lower to 106B.
To be updated in January 2024...
OTHERS Marketcap 1w to BULLRUN !!Others Marketcap (Altcoins) 1w Longterm
Exclude top 10 altcoins marketcap. 2015-2023 chart
1-2-3 / sword and shield
In my opinion; btc dom. uptrend will end within maximum of 1-2 months, we already know others dom. is at the bottom.
When will the ALT-SEASON come?
So how do we understand this?
To understand this, we should chech these:
The most important charts are:
1-) Btc Dominance
2-)Eth/Usd
3-)Eth/btc
4-)Total, Total2, Total3 marketcap
5-)Others dominance
6-)Others marketcap
7-)dxy
8-)Usdt dominance
9-)Btc/usd
10-)XRP/BTC
I recommend you to check all my charts to fully understand.
Alt Season Incoming There is more than 3 parameters that we're getting into the Alt Season. But we only need 3
OTHERS.D as you see made a positive divergence exactly on 0.618 level of long-term fibo and, Touched the up trend-line for first time and showed pump reaction .The only thing we need is to break the down trend-line .
ETH.D had made a rising wedge and its going to dump or getting into trading range .
BTC.D raised for a couple weeks and its getting to the 0.5 level of retracement fibo and it has potential to make negative divergence .
4-25-23 [russel2000]Good afternoon, Anon,
Seeking a comprehensive breakdown of the Russel2000?
Allow me to elucidate for you.
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The Russell 2000 is presently entrenched in a quintessential Wyckoff accumulation phase:
Dubbed - The Wyckoff Accumulation Schematic #1.
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Who is Wyckoff, and why is he of significance?
Well, Wyckoff reigns as the vanquisher of bears,
as well as the architect of unanticipated realities.
Wyckoff embodies an interdimensional algorithm,
crafted to cleave you asunder.
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Green trajectory = Should the ensuing days yield favorable earnings, anticipate the Russell 2000 to be propelled into the celestial realms.
Strawberry trajectory = Russell breaches the low with ferocity, accompanied by a colossal volume spike, prior to being catapulted to all-time highs.
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Ps. An upsurge in small-cap stocks signifies an environment inclined towards risk-taking.