Is It Time for Altcoins to Dump? – OTHERS Dominance Final Wave
As predicted in the last update, OTHERS.D reached the 7.20% demand zone precisely, showing a textbook reaction. The price has now rallied back toward the upper boundary of the descending channel and is testing the resistance area near 7.70%, where wave E likely completes within a Diametric structure (ABCDE).
This is a critical juncture: if rejected here, the next bearish wave could trigger an altcoin sell-off.
⸻
🔸 Market Structure:
• Diametric correction (ABCDE), with wave E likely terminating near 7.70%
• Price is testing the confluence of channel resistance and prior supply
🔸 Key Observations:
• Clear rejection signals are emerging around 7.70%
• No evidence of a sustained breakout yet
• Structure typically resolves with a deeper decline (wave F)
⸻
🔹 Scenario:
Base Case:
• Rejection from 7.70% supply
• Bearish continuation toward 7.20% demand
• Potential sweep down to 7.10–7.00% liquidity zone
Invalidation:
• Sustained breakout and acceptance above 7.80%
⸻
📌 Summary:
OTHERS.D is likely finalizing wave E. If this resistance holds, expect a bearish wave F and possible pressure on altcoins. Be cautious with heavy altcoin exposure until a confirmed breakout appears.
⸻
✅ Investment Strategy Selection:
Since declining OTHERS dominance = bearish for altcoins, you’d mark SHORT bias (expecting altcoin underperformance)
This is a critical juncture: if rejected here, the next bearish wave could trigger an altcoin sell-off.
⸻
🔸 Market Structure:
• Diametric correction (ABCDE), with wave E likely terminating near 7.70%
• Price is testing the confluence of channel resistance and prior supply
🔸 Key Observations:
• Clear rejection signals are emerging around 7.70%
• No evidence of a sustained breakout yet
• Structure typically resolves with a deeper decline (wave F)
⸻
🔹 Scenario:
Base Case:
• Rejection from 7.70% supply
• Bearish continuation toward 7.20% demand
• Potential sweep down to 7.10–7.00% liquidity zone
Invalidation:
• Sustained breakout and acceptance above 7.80%
⸻
📌 Summary:
OTHERS.D is likely finalizing wave E. If this resistance holds, expect a bearish wave F and possible pressure on altcoins. Be cautious with heavy altcoin exposure until a confirmed breakout appears.
⸻
✅ Investment Strategy Selection:
Since declining OTHERS dominance = bearish for altcoins, you’d mark SHORT bias (expecting altcoin underperformance)
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🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.