Othersdominance
Altcoins season? look below may 6, 2021Bitcoin dominance has no support and the next support is between 35 and 40.
Alt coins dominance is currently 14.51, it is in safe position and there is no resistance in its path (Except for Fibonacci)
When the last Alt coins season happen and started in December 2017, BTC dominance was in a similar area and can say same thing about others.
BTC itself has a resistance which is its broken old bullish trend . Also USDT dominance is bearish for now which is a good point!
My opinion with all this is most likely... We may have an Alt coin season ahead.
OTHERS.D HI everyone
Examining the indicators rsi=55.44 macd=want to cross up ichimokou=in 3day bull and the candellstick pattern (tweezer top ), it seems that we have an uptrend that has a trend up to the resistance lines or Fibo resistance of 127%, which shows the increase in the price of some low-marketcap altcoins.
love you
What Is Going To Happen In ALT SEASON? 💃It looks like that Alt Season is started.. Every single parameter on BTC.D, TOTAL, TOTAL2, OTHERS.D and ETH/BTC shows this to us.. For example you could see a lot of Alt Coins were pumped yesterday as Bitcoin just was ranging.. But to make sure of this fantastic party in ALT Coins we should wait and see if the BTC.D weekly candle will be closed below 60% or not. If that happens, we can start the celebration of April..
But let's check some data to see what is going to happen is ALT SEASON, and what do I mean by "Celebration"??
Let's look at BTC.D weekly chart above:
As you can see, I made a clear time-line for you 28 DEC 2020 to 22 MAR 2021, that show us Bitcoin dominance came from top (73.55%) to around 60% and this is about 17.16% drop on dominance. This only 17.16 drop, made Ethereum to move from $900 to $2000. I'm sure you've seen what happened to other Alt Coins during this time-line...
By using Fibonacci and finding strong support lines, you can see that I predicted that this BTC.D drop will go down around 42.24% on Dominance.. Check out this folks, it'll be a 31.1% drop from now on.. This is going to be twice as what happened in bull market..
Now Let's check out the TOTAL weekly chart above:
This chart shows us how much money is in the crypto market.
I put the exact time-line as before, 28 DEC 2020 to 22 MAR 2021. As you can see, the time when the bull market was started, TOTAL chart shows us 678 Billion Dollars were in the market.. However, Let's check out how much money is in the market now?? AT the time that Alt Season is starting, there is 1.869 Trillion Dollars in the market and this is huge.. What is going to happen to this money when Alt Season is started? of course, This money is going to flow into the Alt Coins and again, THIS IS HUGE!!!
I used Fibonacci analysis on this chart to, and it shows us that in Alt Season TOTAL market is going to be al least but not last around 2.5 Trillion Dollars and this is 263.39% growth from when the bull market is started..
It's time for Shit coins, Let's look at OTHERS.D weekly chart below:
This chart show us the dominance of shit coins on the market.
And again the exact time-line as we spoke previously. OTHERS.D made a movement from 5.63% to 12.19% and that 120.87 growth. This is the reason why you've seen shit coin flew high in previous months.. If OTHERS.D can break this resistance are around 12% it can go up at least and again not last around 15.69%. This will be 177.17% growth since the bull market is started. This chart shows us if shit coins can capture 15% share in crypto market they will give us a huge amount of profit to us during ALT SEASON.. But be careful guys these kind of coins are dangerous, as the can give us big prizes the can make us harm in huge losses. So don't forget about your Capitol and Risk Management.
Our last chart to talk about is TOTAL2 weekly chart here below:
This chart is just like TOTAL, but it shows us how much money is in Alt Coin markets. That means everything except Bitcoin.
The same as above, 28 DEC 2020 to 22 MAR 21. At the time when Alt Coins bull market was started, there was 198.709 Billion Dollars in TOTAL2. At the end of the time-line there was 705.867 Billion Dollars and this is a 258.01% growth.. I'm interested!! What about you??
TOTAL2 managed to break it's resistance area upwards. Fibonacci analysis is telling us it can go to at least but not last around 1.118 Trillion Dollars. This is a huge 465.61% growth since Alt Coins bull market..
All These enormous numbers shows us, this ALT SEASON is going to be a lot different than what happened before in previous ALT SEASONs. I've been telling you about this ALT SEASON in my previous ideas, couple of months and weeks ago.. If you didn't read the I strongly recommend you to do that so, because there are a lot of important information for you to know in them.. I hope you can find this idea useful and make yourself ready for these huge numbers.. I will update this idea and of course I will post new idea.. So stay tuned for further details and information..
What is your point of view or analysis on ALT SEASON , I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
ALT SEASON IS HERE DON'T SLEEP!June will be 4 years since the last Alt Season of 2017-2018. Four years of consolidation, and as you can see the Market Cap Dom. of all other coins has retraced back to the 0.382 line on Fibbonaci and is already heading back up.
Potentially parabolic, potentially 10x gains! DON'T SLEEP ;)
Thanks for your time! please like and follow!
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?
Major altcoin season track idea (inv. Head&Shoulders pattern)Hello everyone,
This idea is made for easier tracking of possible upcoming major altcoin season.
Some of the altcoins are allready witnessing 50-300% pumps past weeks/months after a 2-3 years of decidline downtrend
This could change in 2021 !
In my opinion Others.D Monthly is painting a huge inverted HEAD & SHOULDERS pattern
Mooving average 200 dominance analysis
Bitcoin dominance possible projection based on wedge patterns
There is also possibility of a different inverted head and shoulders pattern formation as seen below
So I´ve made even the second version chart for your easier tracking guys
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
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Bitcoin (BTC, including short-term strategy) - December 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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We need to see if we can get support and climb in the 25579.5-26243.0 range.
If it falls from the 25579.5 point, it is a short-term Stop Loss.
Touch the uptrend line and be aware of the volatility that occurs.
This is because this volatility could fall below the 25579.5 point.
If it falls from the 24252.5 point, you need a Stop Loss to preserve profit or loss.
However, there may be a large'Pull Back' pattern that gains support and rises between 21800.0-24350.5.
Accordingly, the final Stop Loss point is 21800.0 point.
Therefore, since it is a Stop Loss section with a fairly large width, it is necessary to consider the setting in advance when proceeding with the Stop Loss.
According to the wRSI_SR indicator, the RS line has risen above 80 and is in the overbought zone.
If it falls below 80, it could turn into a short-term downtrend.
At this point, you need to see where the BTC price is getting support and resistance.
Judging from the wRSI_SR indicator alone, there are times when great volatility can emerge.
-When RS line crosses 20, 50, 80 points
-When RS line and SR line cross
Since the wRSI_SR indicator or CCI-RC indicator is drawn based on the closing price, you must first check the flow of price and volume.
Interpretation methods for the indicators in use are explained one by one at an important point in the flow.
So, if you read the charts that I publish every day, you can understand all the metrics I use.
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(BTC Dominance 1D Chart)
It remains to be seen if it can decline at 69.80.
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(USDT Dominance 1D Chart)
We have to see if we can move down to the 2.754 point.
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(OTHERS Dominance 1D Chart)
(Total dominance of remaining coins minus BTC and major coins)
We have to see if we can get support at the 6.23 point and turn the trend.
It remains to be seen if volatility around January 11 could break above the 6.69 point and the downtrend line (3).
It remains to be seen if altcoins can start rising in price.
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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.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** 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 or losses can be preserved or additionally entered through installment transactions. It is 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Bitcoin (BTC) - December 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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We must see if we can ascend above the 27243.43 point.
According to the wRSI_SR indicator, the RS line rose to the overbought period.
As a result, there is a high likelihood of a short-term downtrend.
As the short-term downtrend progresses, you need to see where you get support.
Be aware of the volatility caused by touching the uptrend line.
It remains to be seen that the price can be maintained above the 25373.14 point before the volatility period around January 3rd.
It is necessary to check the movement of altcoins during this period of sideways BTC price.
If it falls at 24749.72, you need a Stop Loss to preserve profit or loss.
However, since the'Pull Back' pattern that touches the 22797.16-23800.0 section and rises may appear, you need to think about how to execute Stop Loss.
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(OKEX BTCUSDT 1D chart)
You must make sure you are supported at the 26926.3 point.
Be aware of the volatility caused by touching the uptrend line.
If it falls at 24506.6, a Stop Loss is needed to preserve profit and loss.
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(Coinbase BTCUSD 1D chart)
We must see if we can ascend above the 27197.74 point.
Be aware of the volatility caused by touching the uptrend line.
If it falls at 24715.45, you need a Stop Loss to preserve your profit and loss.
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(BTC Dominance 1D Chart)
It remains to be seen if it can decline at 69.80.
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(USDT Dominance 1D Chart)
We have to see if we can move down to the 2.754 point.
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(OTHERS Dominance 1D Chart)
(Total dominance of remaining coins minus BTC and major coins)
We have to see if we can get support at the 6.23 point and turn the trend.
It remains to be seen if volatility around January 11 could break above the 6.69 point and the downtrend line (3).
It remains to be seen if altcoins can start rising in price.
-------------------------------------------------- -------------------------------------------
** 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.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** 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 or losses can be preserved or additionally entered through installment transactions. It is 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)