Others Dominance Analysesaltpartty ( alt season ) is started
if we watch carefully on daily chart we can see obvious wave
and we can recognize when we must enter in or exit out of market
Others
Altcoin DominanceAltcoin Dominance price at trend support line if hold than we can see good rally in altcoin from here.
Still looks good after a retest of years of resistance = good for alts... lets see what Q4 brings to us... it looks good for contuniation higher guys
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OTHERS.D looks ready for strong moves on altAs we are seeing btc is moving strong and market shows retraces are over and they`re getting ready for the next ( real ) move
Alts/btc are going to celebrate !
this whole idea shows everything is going up till support Holds !
Other.d broke its resistance and pullback looks over , we are not predicting anything because this is not financial advice or target for any alt market this is just a idea that looks the future for this market
this well move till 2022 at least .
Dominance And Alt-Party? 🎉🥳Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BTC.D Weekly chart
📌 Price Action with Wave Analysis.
📍 Today I would like to talk and discuss more about the Bitcoin's dominance which has such a very complicated form...
📍 First off, in the weekly time-frame we can see a potential triangle with reasonable confirmations, like the re-tests and reactions to the triangle tend-lines as well as a POTENTIAL double bottom which can lead to a short to mid-term uptrend movement and be a confirmation for the POTENTIAL "D" wave.
✍🏼 I can clearly read from chart the upcoming dates are very important for Bitcoin's dominance and others dominance.
✍🏼 We may have 2 scenarios;
-----------> End of the current wave (C) so it means that we may receive more confirmations for (D) wave and start of new cycle
-----------> Continuing this wave which can change the whole game and cancel the TRIANGLE movement
To be continued ...
Altcoin MCAP Fibonacci Circles - Huge Upside? In the first scene we can see OTHERS bouncing off 3.618 strongly off the strongest trendline available
A possible falling wedge breakout
This level was seen as resistance previously before the massive run up we saw, now it is support
In the second scene we can see TOTAL2 (altcoin cap) approaching 2.618, during the last bull run as price approached 0.618 of this same trend a massive run up through the transition occurred, will we see another massive run up through 2.618 (another .618) level
If it occurs this will lead to phase two of the bull run, a more aggressive, and sharper rise across the board.
Should we be buying ALTS now?It has been a hot topic of whether to take entries into ALTS is a good option now or not.
We too took our sweet time checking markets for sure.
ETHUSDT which is the Pied Piper for ALTS(mice) is currently facing a sort of resistance (around 1900). If we break through this $1900 level with a good volume then surely that can be considered as a good sign of taking entries into ALTS, but for now, we at ChainAssets.Capital would recommend that you take extra caution in taking your position, and keep Short Ratio more as compared to Longs.
Overall Price Action and Trend Analysis is in favor of Shorts. So be prepared for anything here, but the level of $1900 should not be ignored.
If the above analysis proves to be true, we are eying a Target of $1300 in ETHUSDT and $13600 in BTCUSD.
NOTE: Need to wait till Daily Candle closure (LONG If it closes above 29278, & SHORT if Daily Candle Closes below 29278)
OTHERS MCAP, Emphasis on June 2022Many of my charts are suggesting a June 2022 end to the bull market
Similar price points can be seen at .618 and 1.618
The curved pattern is pretty cool to observe, I wonder if it will continue further upwards
We are currently in the green circle, a pullback after a bull run, preparing us for the bigger second phase bull run, which is plotted after the green circle
This chart above also suggest June 2022
There is a possibility of mutations in altcoinsWe will probably see an upward movement from the Altcoins
How to chart crypto market caps beyond TOTAL, TOTAL2, etc.! TradingView offers some awesome abilities to chart the entire market cap for cryptocurrencies using TOTAL, TOTAL2, and OTHERS under CRYPTOCAP. However, I often find myself having inquiries beyond just these symbols, so I would like to introduce how to show other market caps possible using some simple math.
For those who are unaware what the symbols mean under CRYPTOCAP, here is a brief introduction to a few of them:
* CRYPTOCAP:TOTAL - The entire market cap of all cryptocurrencies in the world such that if you were to own every cryptocurrency everywhere, this is how much money you would have
* CRYPTOCAP:TOTAL2 - TOTAL minus the the market cap of Bitcoin
* CRYPTOCAP:BTC.D - Also known as "bitcoin dominance", this represents the percentage of the total market cap which is made up of Bitcoin
* CRYPTOCAP:ETH.D - Similar to BTC.D, this represents the percentage of the total market cap which is made up of Ethereum
* CRYPTOCAP:OTHERS - TOTAL minus most of the cryptocurrencies provided by CRYPTOCAP that end in ".D"
Additionally, for a full list of what OTHERS omits, this can be found at the following page by excluding all the prices described under the section "Total Market Capitalization Dominance, %" on that page.
However, sometimes you might be looking for further market caps (e.g., just bitcoin, etc.). For these, here are some useful equations that might help you out:
* "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" , aka "the TOTAL market cap for BTC" - The easiest way to calculate the market cap of BTC is "TOTAL-TOTAL2", since the difference between TOTAL and TOTAL2 is the whole of BTC by definition
* "CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap for ETH" - Since ETH.D is the total percentage of ETH in the market, multiplying this (as a percentage) by the total market cap yields the total market cap of ETH
* "CRYPTOCAP:TOTAL2-CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap of everything BUT BTC and ETH" - Since we just calculated the total market cap of ETH, and since TOTAL2 is the total market cap minus that of BTC, subtracting the latter from the former yields the total market cap minus the two largest behemoths
I should note as well that the market cap of any currency can easily be calculated using the formula ".D*TOTAL/100" so long as "COIN" in this formula has a "dominance" indicator under "CRYPTOCAP", e.g., XRP, LTC, BNB, etc.
To chart any of these symbols, simply enter in the above formulas (without the quotes) instead of the symbol when using the search box in the interactive chart in TradingView. For example, instead of searching for "BTCUSD", try searching for "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" instead.
Hopefully folks find this useful for their future charting endeavors.
GOOD TIME FOR EXIT LOW CAPSLooks like OTHERS DOMINANCE is at resistance. I am gonna minimize my portfolio. I have very tight stop loss now (%2) on every crypto asset now.
Market Cap OTHERSVery long term view
we are currently in a bull phase
looking to sell possible in January - June 2022
Before predicted bear market initiation
OTHERS Move Cooking, AltcoinsA move is cooking for the OTHERS market cap, which includes all altcoins bar the top 10
It looks really bullish with the ascending scallop
OTHERS Dominance As we all know investment in crypto-currency is increasing dramatically. New coins with interesting fundamental paper-work as well as technology are trending. Do you believe that others dominance is going to grow as I predicted? How about BTC, ETH and other big dogs in the game?
OTHERS.D vs BTC.DOTHERS dominance chart in a possible inverted head and shoulders while BTC dominance is in a possible head and shoulders. The real ALT season begins when BTC dom breaks support.
BTC.D/OTHERS.D Comparison StudyAlts are in a much stronger position than many believe. Taking a macro view of BTC.D and Alts reveals BTC.D struggling to rise above the midline in a progressively tightening range while Alts enjoy being at the top of the range waiting for a breakout. BTC is being met with resistance, both from the midline but especially at the 64.25 level where the VPVR sits. BTC.D hasn't broken above it's upper boundary since JUJY 13, 2017!!! Alts are getting ready to do just that being way above support from the VPVR sitting at 6.67 and other levels. Expecting a nice breakout above the upper (and last) resistance line at 12.07 and continuing on to the ATH resistance at 12.58, confirming the inverse H&S pattern it's started on the WTF along the way with a right shoulder candle close above 12.18 to break neckline. That is an impressive 'V' shaped pattern showing a great deal of strength. It's only a matter of time until Alt season is in full swing and as strong as it will be I have no doubt we'll see many coins with 1000% or more gains. Enjoy it while it lasts. We are rapidly heading into uncharted territory, exciting times ahead!!! Alts ATH awaits!
OTHERS.D and ALTsaisonAlt season is in full effect.
Although cryptocurrency is generally in a bear market in March, I don't think that will be the case this year. The OTHERS.D chart looks too good. One thing to keep in mind that stable coins make up a significant component of this basket.
Bullish pennant on very long time frame. I'm expecting this to hit the top of the channel and then cool off for a few weeks after (where it then might be a good time to de-risk altcoins). One more pop to the upside then we are done for a while. We have had a great start to this year, but the party doesn't last forever! Do not be a bag holder.
If you were around in 2017-18, you know that Altcoins have the potential to bleed 99% of their value. Standout alts aside kept rising (e.g. LINK and THETA), but can you guarantee your alt is really that special?
Moving Average Analysis - MCAPFrom these charts we can draw the conclusion that the chart 'OTHERS' is developing the separated three moving averages that can be seen on TOTAL.
A moving average pattern like this can last from months to years.
We can also draw the conclusion that Bitcoin is not completely connected to alt-coins and there is a disconnect between the two. Also we may see OTHERS excel above TOTAL, as it is clear that the chart is at a younger stage of development relative to the moving average structure.
Interested to see how this plays out. Remember, Diamond hands!!
