Others
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!!
Bitcoin (BTC) - December 16Hello?
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We'll have support at 19300.0 and see if we can climb above 19798.68.
If it falls at 18719.11, it is a short-term Stop Loss.
The volatility around December 17th (December 16th-18th) should be watched to see if any movement deviates from 18719.11-19798.68.
In the wRSI_SR indicator, a red inverted triangle is displayed.
This indication can be interpreted as overbought by saying that the RSI value has reached over 100.
However, it is not known how many days the red inverted triangle will appear.
After this, if the RS line falls below the overbought period, i.e. 80 or less, you can see that the price is also likely to have high volatility.
Since the RS line is in the overbought zone, it is expected to enter a short-term downturn cycle not far away.
At this point, you need to see where the BTC price is gaining support.
When transitioning from a short down cycle to a short up cycle, an attempt to break above 19798.68 is expected if supported at 19300.0.
According to the CCI-RC indicator, CCI is not showing an increase even when prices are rising.
This is because the flow after the closing price is formed is lagging.
So, you need to check the flow after new candles are created.
It remains to be seen if the CCI line starts rising and if it can break above the EMA line.
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(Coinbase BTCUSD 1D chart)
We have to see if we can get support at 19385.0 and rise above 19891.99.
If it falls from 18721.93, it is a short-term Stop Loss.
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(OKEX BTCUSDT 1D chart)
We must see if we can ascend above the 19667.3 point.
If it falls, you need to make sure you get support at 19050.4.
If it falls from 18688.8, it is a short-term Stop Loss.
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(BTC Dominance 1D Chart)
We have to see if we can get resistance and move downward at the downtrend line (3) and uptrend line (5).
If it rises above 64.86 points, the price of altcoins is expected to fall again.
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(USDT Dominance 1D Chart)
We must see if we can get resistance at 3.596 and move below the downtrend line (2).
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If you look at the charts below, you can see that the TOTAL2 chart, that is, the prices of major coins, are falling a little further.
If you watch the TOTAL2 and OTHERS charts rise when the TOTAL chart rises above any point, I think you can roughly know when to invest in altcoins.
(TOTAL 1D chart)
Market cap of all coins
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(TOTAL2 1D chart)
Market cap of remaining coins minus BTC market cap
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(OTHERS 1D chart)
Market capitalization of remaining coins minus BTC and major coins
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Bitcoin (BTC, including short-term strategy) - November 30Hello?
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We must watch for possible movements outside the 17422.0-18280.5 range.
It remains to be seen if it can rise above the 19287.5 point by ascending along the uptrend line (1).
You should also touch the uptrend line (2) as you Sideways between 17422.0-18280.5 and see if it rises.
You need to make sure you are holding the price above 19287.5 points between December 3rd and 11th.
If it falls from the uptrend line (2), it is a short-term Stop Loss.
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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 62.12-63.38.
If I get resistance at the uptrend line (5), I think there could be further declines.
I think the decline in BTC dominance is more related to the rise and fall of altcoins prices than the rise and fall of BTC prices.
Hence, a decline in BTC dominance is close to an increase in the price of altcoins.
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(USDT Dominance 1D Chart)
We have to see if we can get resistance at 3.596 and move down to 3.285.
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(OTHERS 1D chart)
(Market capitalization of altcoins excluding BTC and major coins)
If we get support at 42.612B, we can expect further gains.
Therefore, without a sharp decline in BTC price, altcoins' prices are expected to rise.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Bitcoin (BTC) - November 30Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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I think the rise above the 17892.0 point has boosted expectations for the rise.
However, I think the current position is at the boundary between a rebound and an upside.
Therefore, the possibility of touching the 17892.0 point again cannot be ruled out.
The volatility around November 30 (November 29-December 1) will have to see if there is any movement that deviates from the 17892.0-18719.11 segment.
I think it is important to be able to maintain the price above 17176.24 points from around December 5th to 11th around December 5th in order to regain the direction of volatility that started around November 26th.
If it falls from the 17892.0 point, it is a short stop loss.
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(Coinbase BTCUSD 1D chart)
We should watch for any movement that deviates from 17889.14-18721.93
Short-term Stop Loss Point: When falling from 17889.14
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(OKEX BTCUSDT 1D chart)
It should be observed between around 30 November and around 7 December for any movement that deviates from the 17247.6-19050.4 section.
You also have to see if you can go up along the uptrend line (5).
Short-term Stop Loss point: When falling from 17852.6 point
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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 62.12-63.38.
If I get resistance at the uptrend line (5), I think there could be further declines.
I think the decline in BTC dominance is more related to the rise and fall of altcoins prices than the rise and fall of BTC prices.
Hence, a decline in BTC dominance is close to an increase in the price of altcoins.
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(USDT Dominance 1D Chart)
We have to see if we can get resistance at 3.596 and move down to 3.285.
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(OTHERS 1D chart)
(Market capitalization of altcoins excluding BTC and major coins)
If we get support at 42.612B, we can expect further gains.
Therefore, without a sharp decline in BTC price, altcoins' prices are expected to rise.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
ZIL Zilliqa potential breakoutZIL has a chance to make another leg up, after a long consolidation period. approaching the .786 line, ZIL has already confirmed a buy when crossing the 8ema with a 8/21 cross on the daily Time frame - November 6th. forming a very large inverse head and shoulders, a bullish signal has flashed once again. A break past the .786 with close and hold confirmation could lead to some very nice gains. 60% gains to $.035 are possible with the correction conditions being met. thanks for looking!
Altcoin Dominance, Others.DHello
Continuing to answer the question of where Altcoin capitalization will go by the end of 2020, I would like to use the H4 and D framework charts
Currently, After a capitalization growth from 1% in 2016 to a peak of 12%, Altcoin has gone through 3 phases of growth and decrease, as follows:
Running 3 corrected waves from 12% to 4.7% in December 2017, wave A, span 2, frame D4, uptrend of capitalization, correction span to Fibo area 68.4%, hard fibo mark of wave II and difficult to overcome. this
Continuing 2 beats of wave B (Wave B complex running Flat), with a beat from 4.7 to 12 then down to 4.7
Currently, the last 5 up waves in wave B are corrected from 4.7 to 12 again. The period at the time of writing is that wave 4 has just been calibrated, now at rhythm 1 wave 5 this cycle lasts from now to the end of 2020.
Predict the future:
Short-term
Altcoin will rise continuously to the fibo mark above the top of the last rally, hit the target and go down. Refer to the article on the Channel
Mid-term
The market in early 2021 will have a very fast and strong corrective wave to 4.7 again, expected in February - March 2021, then very quickly regain growth and skyrocket to 22% and even high. more.
Long-term
Altcoin is in the longest bull wave ever in terms of capitalization, the market becomes more active and interested in Altcoin more, the market cap may peak at 40-50% of total capitalization. market
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All transactions need to place Stop loss, this article reviews about the trend, and for which trading codes you need to consider each chart.
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