Alts DominanceAlts dominace bounce back from his support & also forming Falling Wegde on Weekly TF
According to Fixed Range Volume Profile , Dominance is below POC and LAR (Low Area Region)
I m expecting 12 to 13% Dominance Increase
OTHERS.D trade ideas
Repeating Patterns May Lead to a New ATH for Alt DominanceAlt dominance formed something that looks a lot like an HSi with a very small right shoulder, which broke above its neckline and successfully re-tested, confirming the pattern and targeting 16.6%.
See the white drawn pattern and its white dashed neckline on the chart.
The same area of breakout and re-test from the smaller white pattern is forming another similar small right shoulder on a larger HSi as drawn in blue, with its neckline as the blue dashed line.
Should the blue pattern be a repeat of the smaller white one, and breakout of its neckline as well (note that it should as long as the white pattern continues up towards its initial target), it will target 21.8% upon confirmation and any successful re-tests of its neckline.
More related ideas for BTC.D and OTHERS.D in the Related Ideas section below.
This would suggest the possibility for a new ATH for alt dominance. For confluence, note that the halfway point towards 21.8% nearly equals the initial target of the smaller white pattern at 16.6%. And, rising green volume into the move.
Others Dominance v Bitcoin dominance --- may not give a new ATH ... for the cycle
Bitcoin could be so strong
That even though the others index ( aka shitcoins ) still do well from here.
Maybe they don't make a new high for this ratio.
As this chart shows -- last cycle
all the coins outside the top 10
peaked at 1 : 2 bitcoin.d
essentially the others.d was around 20% of the entire total market
bitcoin was around 40%
Eth was around 22%
(stables and the remainder of the top 10. made up the rest)
These targets are definitely worth keeping an eye on!
RSI divergence for Altcoin marketsWe are in the perfect RSI divergence on Weekly chart of altcoin markets it indicates that altcoin rallies will start from next week
📈 Ultra-Bullish Altcoins Market vs BitcoinThis is the "Others Dominance Index" chart. OTHERS.D
This is a great index and shows the dominance of the Altcoins market minus the TOP10. This can help us illustrate what I've been trying to share with you about Bitcoin, the big Altcoins vs the rest of the Altcoins market.
👉 Bitcoin and the TOP10/20 Altcoins are about to go down.
👉 The rest of the Altcoins market is about to grow strong.
You can read the most recent trade ideas on Solana & Polygon in my profile for additional information... Let's get started with this chart.
Others Dominance Long-Term Chart Analysis
➖ The first thing to notice is the current session. It has a long lower wick moving below strong support in the form of EMA10, EMA21 and MA200 but is now back green. These three are the most important moving averages for short and long-term potential gauge. The week closes tomorrow and these levels will be confirmed as support fully supporting a major bullish explosion.
➖ Trading volume is the highest, period, since May 2022.
➖ The RSI is the strongest in years with plenty of room to go higher.
➖ This index has been rising and building up momentum since June 2023. It is now ready for its final bullish explosion. We are talking 500%-1200% growth across hundreds if not thousands of Altcoins.
➖ Marketwide action supports these bullish signals. Notice that Others.D move down between late December 2023 up to this point; while Bitcoin produced it last high. Notice that the index is now poised to produce massive growth while Bitcoin is poised to retrace. This is already happening.
This is a major opportunity and Cryptocurrency traders can benefit by paying attention.
The market moves in cycles... And this is great, it helps us predict what comes next.
Bitcoin went through its cycle, we enjoyed it, we appreciate it but it is time to move on.
What Bitcoin did in 15 months some Altcoins can do in 2 weeks, some within a month, others will do many, many times more. The reasons are obvious, Bitcoin is so big that it can only grow so much, the Altcoins are new, young and small so they have plenty of room avaiable for growth!
Do what's best for you.
If you miss this opportunity, we will have a few more in 2024 and one last one in 2025.
But instead of missing it, let's just enjoy them all.
The market is great.
It will continue to bless those who support it and participate.
The market is great.
If you stay around, it will be pay you many times whatever you invest.
This is not financial advice.
Thanks a lot for your continued support.
It is truly appreciated.
Namaste.
OTHERS.D likely path for weeks ahead...As you can see on the chart the current level at between 12.2% and 12.6% have acted as a strong ceiling for CRYPTOCAP:OTHERS.D on June 2017 , January 2018 , April 2018 , October 2020 , February 2023 and November 2023 . So obviously that ceiling is a valid candidate for a future strong support level .
On the other hand, OTHERS.D have broken out of a descending channel which it was inside from April 2022 to August 2023 and since, followed a bullish trend in which it have shown EMA 144 to act as a strong support .
So, in case of a LIKELY INCREASE in the OTHERS.D measure over the course of next several weeks , I will be looking at 13.75% and 15.40% as possible targets for the move.
Thank you for reading this,
Have a great trading and always KEEP IT SIMPLE.
ALTS pump $ALTS $FET $RNDR $ATOR $ZIG $OFN $BTC $ETH $WOOI think we gonna see a EURONEXT:ALTS weekend pump.
Enjoy the ride
Altcoin Season 2024 is about to beginTo delineate the onset of Altseason 2024, I have meticulously scrutinized CRYPTOCAP:OTHERS.D , which offers insights into Dominance distribution, excluding the Top10.
Historically, the level around 12% has proven to be extraordinarily significant. Presently, the "price" rests just below this pivotal level (specifically at 11.93%). However, we have recently witnessed a compelling inverse head and shoulders pattern, followed by a move above 12%. This suggests that the current level may simply be a retest of 12%, potentially heralding the beginning of a journey towards new highs and triggering a substantial Altcoin Season.
I've opted to illustrate this phenomenon using the "Baseline" chart style. However, transitioning to regular candlesticks would further accentuate the significance of the 12% level.
The fate of crypto currencies in the coming daysThe analysis here matches the analysis of Bitcoin and Tether, which confirms the falling of the
crypto currency market in a correctional wave, as we mentioned.
Prospects of OthersVolume is the key here; if the local channel breaks, 2-3% would be an ideal target, as it has never been properly tested.
Other.D●Other.D bullish divergence worked..which made the Altcoins to pump.
●Bullish divergence was spotted earlier and shared by me here..
●Divergence works the best.
Get ready for giga ALT coin season :)!!!Hi all,
Get aboard for a giga pump over the next two years in ALT coins. Buy on spot and hold!!! :)
Have a great day :)
We've Done This BeforeAlt dominance may be repeating its prior pattern, where it wicked up to it's ATH after a series of drops, and then dropped hard before making a new ATH.
I still question whether it will actually make a new ATH this time, but imagine it will at least revisit the area of previous ATH.
Related idea linked below - a falling wedge breakout that is targeting previous ATH
Another Rally for Altcoins coming??●Other.D showing the bullish divergence on the Daily Timeframe.
●If this divergence played out then we might see another Rally for Altcoins
●Once the Btc.D reached the HTF targets and Btc started to consolidate that's when Altcoins will Rally..
●Note: ETF Date is coming 10th January
Can (others.d%) predict the ebbs and flows of this cycle? 2017 first top = future bear summer bottom
2017 Mania phase = 2021 alt coin season = 2023 bear summer bottom
2017 final top = 2021 mania phase = 2021 mid cycle support = 2023 alt coin season = 2026 future bear market bottom?
2021 final top = 2023 mania phase? 2023 mid-cycle support? 2025 alt-coin season?
Bitcoin 2024 top and what the dominance of the altcoins saysThe Bitcoin chart gets a lot of attention, but I wanted to look at (others)% dominance, especially since it's not just Bitcoin that is running the market anymore. Altcoins have had bigger and bigger impacts throughout the cycles, and I'd wanted to see what the patterns in the overall altcoin market would say about the recent cycles' similarities, I must say I was a little surprised especially that Altcoin season, also marks the support for the upcoming bear markets in every cycle until now.
Alt Dominance about to BreakoutThere's a falling wedge with a failed breakdown on the 3 day chart. That failed breakdown highly increases the likelihood of a successful breakout. RSI has been diverging from price, and that divergence recently strengthened.
Bitcoin dominance recently bounced from the top of an expanding wedge and looks like it wants to head down, finally making its new ATL:
Could this be the time for alts to make strong gains against Bitcoin before the next halving run begins?
ALT COIN SEASON! - #ALTSEASON ALTCOIN Dominance VS BITCOIN/USD.
- Showing synergies between 2019 - 2020 BTC/USD CYCLE.
*Identifying the relief rally - followed by a 70% correction.
This chart shows how Altcoin dominance performed..
During the relief rally Peak - Followed by the 70% correction.
liquidity transferring from the King currency by MARKET CAP (BITCOIN) to smaller
Altcoins
- Projecting synergies for 2023 - 2024 BTC/USD CYCLE.
*Identifying the relief rally 2023 and projections for 2024.
This shows current market price of BTC and current ALTCOIN performance.
*percentage % and days it took to reach similar performance.
Something to consider over the winter season as Santa clause rally comes to an end.
Today we have BITCOIN + ETHERUEM ETF Hype leading into January.
But also countries on the brink of a recessionary Awakening.
*This chart show's how Altcoins could perform if we see BTC take the same 70% correction.
*If BTC Broke out of this very identical relief rally strong enough to disregard 2019 - 2020 cycle repeating... we could expect Altcoin dominance rally much higher. Potential ETF's could be the catalyst!
Hope you find this useful..
Wishing everyone a BULLISH NEW YEAR!!
In the meantime - ENJOY THE FESTIVE SEASON..
MERRY CHRISTMAS TOO EVERYONE!
The Others- So you have BTC.D, ETH.D and you have also " The Others".
- There's plenty of other fish in the ocean.
- This is just a Fibo analysis but a bit advanced chart.
- Make your own diligences and learn about fibonacci trading strategy.
- All Fibos retracements and extensions are annotated in the chart.
To keep it basic like always :
- the most interesting thing to follow right now in this chart is :
- " The Yellow zone making a Triangle ".
- Be confident and Hodl steady.
Happy Tr4Ding !
OTHERS.DHere's what the dominance of other coins in the cryptocurrency market looks like, and how can we now see a price increase for another coin in the coming hours?
BTC Bull Run (2021 vs 2023)A comparison of the position of the chart when Bitcoin rises in 2021 and the extent of the impact of the acquisition on the market when it falls after the rise to the same current price areas of 43k.
While thinking, I received an alert notification from Trading View with news that intersects with the current thinking
News About at tradingview
and it is from cryptopotato cryptopotato.com
Author: Chayanika Deka
It's (others dominance) daysas we can see the pattern is reversed H&S, which is mean we will be bullish on others dominance for almost next couple months. and the latest update of BTC on my profile i just mentioned we can see 40-42k just as touch. so after breaking the resistance 38500 for BTC the others dominance will blow up.
Be Happy Like a Hippey
