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!
Othersd
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.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
ALTCOIN DOMINANCE BOUNCE!I believe Altcoins dominance may hold support at where these 3 weekly moving averages the 21, 50 and the 200 are converging at the same time, pretty amazing that its wicked up from them. Altcoins may rally soon so buy some good ones that are trending up, #POWR #AION $POWR $AION, HODL my friends, HODL!!!!!
Market Cap Others Dominance TA Update (Short-term Altseason?)Market Cap Others Dominance manages to break this key trend-line resistance after battling for many months and now, we are seeing Altcoins putting up gains over 100% in a short period.
We can expect the Altcoin Dominance to rise to 10 levels before we can see another major downward action for months of consolidation again.
Altcoins About To Experience A Bullish ExplosionHere we have the Market Cap Others Dominance (OTHERS.D) chart which is almost ready for The Year of Change, 2020.
Right now we have EMA50 and EMA100 working as resistance, but when these levels are broken, we will see OTHERS.D gain great momentum while moving up.
If EMA50 cannot be conquered this week, we are likely to see EMA10 (6.35) and MA200 (6.29) tested and from there another attempt at breaking EMA50/100 for the strong bullish jump.
We are likely to see astonishing growth for the Altcoins Market within 1-3 months.
Thanks a lot for reading.
Namaste.
Altcoins Looking Very Bullish, According to This ChartThe OTHERS.D chart is showing massive bullishness for the altcoins. This setup can lead to a very strong jump or to a small retrace followed by more sustained growth.
Right now I am seeing that this trend will continue but this can easily change. We remain open to market changes and adapt as soon as they come.
Thanks a lot for reading...
Here, a few more charts:
Why Will Bitcoin Grow Now? Why The Bulls Will Win!
Polymath Ascending Triangle | Can Grow 100%+ In One Swing
Steem Starting To Roll | Easy 55%+ On The Next Impulse
Tezos Is Getting Stronger | Now Above EMA200 | Next Target!
Verge Looks Really Good | Strong Chart | 50%+ Easy
Aave Has Grown by 630%+ And Wants To Go Higher | Is It Possible?
GXChain Imminent Explosion Ahead | How Far Up Can It Go?
Namaste.