Othersd
Others.D OutlookIt is a possible long-term scenario for Altcoins. As we know, Crypto is made to enhance decentralization. Concerning the fact that when Bitcoin retraces, almost 99% of Altcoins follow it does not confirm its goals. Many of the Cryptos had completely different plans when Bitcoin started its winter. Unfortunately, some of them went bankrupt, some struggling, some unclear and some resilient still.
Buy BTC or Altcoins when the market starts recovering?Observe the above 10D chart.
1) Four whole red candles printed outside the lower bollinger band. Never has that once happened in this chart. Remember, the majority of times candles print inside the bands and when they do outside, they sharply correct.
2) Counting wicks, the index has corrected almost 45% from its recent top and is currently testing a previous top (marked by the yellow line).
3) Most altcoins have depreciated 80-90% from their previous market tops.
4) The corresponding 10D BTC.D chart satisfies the exact opposite points (RSI is high, price above upper bollinger band). Also it prints a pattern close to a triple top)
On the 5D chart below, we can see that RSI hasn't been this low since 2016, when a 800% move followed.
In my humble and non-professional, non-investment-advice opinion, altcoins will bounce harder than BTC soon when the crypto markets starts rallying again.
Others dominance : bearish outlook Hello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
this is an update of my last analysis.
Others dominance shows people inclination to buy large Cap coins like BTC or other smaller cap coins.
the price reached the upper line of the ascending channel and reacted well to the upper line of the channel.
now we see a pullback and the bearish movement of the price can continue.
this means if you want to buy crypto, it is better to buy Bitcoin and if you want to sell crypto, it is better to sell small Cap coins.
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 .
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!
Are Alts about to get a boost?We have few scenarios here, BTC is currently trading below its Support level as per Volume Profile, and same goes for ETH. BTC.D is also about to fall, indicating slight rise in either Dollar Index or OTHERS.D.
If the charts are right, and everything is following its Fibonacci range, we at ChainAssets.Capital are expecting BTC to fall even more and see a new Movement in Alts.
I wouldn't be too sure about major ALTS as they have already had their Fun, though it is highly possible that some of the major alts might be the reason for this further Push, I'd rather have my focus fixed on Shit Coins (Value less that $5).
For now, Looks like re entry in Alts is a favorable condition and we at chainassets.capital would recommend that you do not think much about investing in BTC and be prepared with Shorts on BTC.
NOTE: If BTC takes support from its current level, it will certainly be a good news for BTC holders and later comers, as we will again see some major movement in BTC and ETH.
If you have some positions in Market at Recent Highs, First suggestion would be of averaging out positions as much as possible. Secondly, if averaging out is not possible, then plan on holding your investments for a longer duration of time.
we at chainassets.capital wish you happy trading with this little insight. Feel free to comment your suggestions down below, and let's see if we can come on to a conclusion over market as a community!
Cheers!!!!
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!!
Polkadot - 2.6 Risk Reward for 35% - Buy ZoneHello,
This is just a simple trade which you can take for 35%. BINANCE:DOTUSDT has been testing support for a while now and there's a good buy opportunity. If we manage to break the trendline I believe we will see much more than 35% increase but it's good to have a trade plan and management , not throwing crazy numbers on the chart.
I'm simply saying it' a good spot for accumulation now , and DOT is a TOP 10 coin as of current date.
My ' Altcoins season 2019' chart is still relevant and active, if you want to know when to get out of this trade. Right now both this chart and the one I put as reference are at support, which signals BUY to me.
Enjoy!
- Chart and Analysis by BitOwned
OTHERS.D - Macro FuelBiased of course, but a lot of bullish potential here. Possible inverted H+S, breaking trendlines and resistance, momentum, RSI not been oversold, volume rising. Possibly new bull started back last fall, if this gets a little more confirmation to be sure. Obvs this chart is an abstract mess and should be broken down into isolated parts, but this is a rough view of a few items to watch. Closest way to trade this is probably Sh*tperp , unless you know how to either trade or diversify small caps, which is NOT easy to do. Overall, think this is also bullish for BTC and majors in terms of TOTAL USD capital influx. More fuel. High Octane.
XAUUSD. The price of gold will fall.Hello dear subscribers!
The price of Gold temporarily left the border of the resistance level.
Soon the price will fall to the target and will return back to its zone.
However, do not take risks, I do not recommend making transactions.
Good luck to you.
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This idea does not provide the financial advice.