Othersdominance
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.
-------------------------------------------------- -
(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)
Bitcoin (BTC, including short term strategy) - November 25Hello?
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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You should watch for any movement that deviates from the 18280.5-19287.5 segment.
If you touch the uptrend line (1), there may be volatility, so trade carefully.
Short-term Stop Loss: When falling from 18280.5
Looking at the CCI-RC indicator, you can see that the CCI line touches the uptrend line (B) and rises.
If the CCI line breaks below the EMA line, the BTC price may fall, so keep an eye on the situation.
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(BTC Dominance 1D Chart)
We have to see if we can sideways down to 61.20-62.12.
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(USDT Dominance 1D Chart)
We have to see if we can get below the 3.285 point.
You should also check if you can fill the gap (2.726-3.596) that occurred on August 31st.
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(OTHERS Dominance 1D Chart)
(Dominance chart of all altcoins except BTC and major coins)
We need to see if we can move above 7.77 and break off the downtrend 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 and losses can be preserved or additionally entered through installment trading. You must 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 25Hello?
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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(The chart that has been used for over two years has been replaced with a new chart.)
You need to make sure you can get the support at point 18950.0.
Also, we have to see if it can rise above the 19798.68 point.
If it falls, you need to make sure you get support from 18179.80-18476.93.
Short-term Stop Loss point: When falling from 17892.0 point
Since it is a period of volatility (November 24-26), you should carefully check the movement of the coin market.
You can see that altcoins' price fluctuations have increased as the BTC price moves.
This could be a move to make a bigger ascent.
However, it is also a move to decline in the end.
You need to prepare for a plunge by setting Stop Loss according to changes in the chart flow.
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(Coinbase BTCUSD 1D chart)
We need to see if we can get support from 18193.29-18488.0 and climb above 19378.99.
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(OKEX BTCUSDT 1D chart)
We have to see if we can get support from 18146.3-18381.4 and climb above 19667.3.
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(BTC Dominance Chart)
We have to see if we can sideways down to 61.20-62.12.
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(USDT Dominance Chart)
We have to see if we can get below the 3.285 point.
You should also check if you can fill the gap (2.726-3.596) that occurred on August 31st.
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(OTHERS Dominance 1D Chart)
(Dominance chart of all altcoins except BTC and major coins)
We need to see if we can move above 7.77 and break off the downtrend 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 and losses can be preserved or additionally entered through installment trading. You must 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 24Hello?
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.
-------------------------------------------------- -----
We need to make sure we can get support at 18280.5.
Short-term Stop Loss point: When falling from 18280.5 point
Stop Loss point for preservation of profit and loss: When falling at 17422.0 point
Looking at the wRSI_SR indicator (same as the previous Stochastic RSI indicator), it shows a short-term downtrend.
If you get support during this short-term downtrend, your chances are higher if you enter into a short-term uptrend.
Looking at the current BTC price, it is showing support at 18280.5.
The RS line is expected to touch the downtrend line (A).
You need to touch the downtrend line (A) and see if it can rise.
In the CCI-RC indicator, the CCI line is attempting to break down the uptrend line (B).
If this falls from the uptrend line (B), it is expected to touch the EMA line.
The movement of these indicators and the fluctuations in prices can only be more familiar with the time spent looking at the chart.
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(BTC Dominance 1D Chart)
It is breaking below the 63.38 point.
You also need to see if you can break below the uptrend line (5).
We have to see if we can move down the 61.20-62.12 range.
The plunge in BTC dominance signals the start of the altcoin bull market.
In this case, I think investing in altcoins is better than investing in BTC.
This is because the BTC price is more likely to sideways, resulting in a lower return on investment.
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(USDT Dominance 1D Chart)
We have to see if it falls below the 3.285 point.
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(OTHERS Dominance 1D Chart)
Excluding BTC and major coins, the dominance of altcoins is trying to rise.
We'll see if we can break above the downtrend line and touch the 8.21 point.
-------------------------------------------------- -------------------------------------------
** 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: closing price when closed
G2: Market price at the time of opening
Bitcoin (BTC) - November 24Hello?
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.
-------------------------------------------------- -----
Until the volatility period around November 25th, we have to see if we can get support from 18179.80-18476.93.
Short-term Stop Loss point: When falling from 17892.0 point
Stop Loss point for preservation of profit and loss: When falling at 17176.24
The market situation is on the rise, but there may be cases where the coins I bought do not rise, but rather fall.
The reason is that they bought coins not long after the surge.
There are not so many coins that skyrocket every day.
After one surge, usually due to people trying to preserve profits and losses
There are periods of sideways.
Therefore, in order to buy a coin that has soared, it will rise faster if you first look for the support and resistance points at the soaring point, and then buy the coin that maintains the price above the support and resistance points.
Although it is better to choose a coin that does not surge or a coin that has been slightly past the surge, it is not easy to find such a coin.
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(Coinbase BTCUSD 1D chart)
We have to see if we can get support from 18193.29-18488.0.
If you touch the uptrend line (4), volatility may occur.
Short-term Stop Loss Point: When falling from 17889.14
Stop Loss point for preservation of profit and loss: When falling from 17178.0 point
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(OKEX BTCUSDT 1D chart)
Until the volatility period around November 26th, it remains to be seen if it can gain support from 18146.3-18381.4
Short-term Stop Loss point: When falling from 17198.0 point
Stop Loss point for preservation of profit and loss: When falling from 17247.6 point
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(BTC Dominance 1D Chart)
It is breaking below the 63.38 point.
You also need to see if you can break below the uptrend line (5).
We have to see if we can move down the 61.20-62.12 range.
The plunge in BTC dominance signals the start of the altcoin bull market.
In this case, I think investing in altcoins is better than investing in BTC.
This is because the BTC price is more likely to sideways, resulting in a lower return on investment.
----------------------------------------------
(USDT Dominance 1D Chart)
We have to see if it falls below the 3.285 point.
----------------------------------------------
(OTHERS Dominance 1D Chart)
Excluding BTC and major coins, the dominance of altcoins is trying to rise.
We'll see if we can break above the downtrend line and touch the 8.21 point.
-------------------------------------------------- -------------------------------------------
** 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: closing price when closed
G2: Market price at the time of opening
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.
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!!!!!