This is amazing. Been waiting patiently for confirmation before publishing. We now have confirmation.
On the above 1-day chart alt-coin dominance breaks out of the falling wedge, corrects, then backtests past resistance as support. That was confirmation.
A measured move from the flagpole informs us dominance will rise to 75%. This is significant. Why? The altcoin market dominance has NEVER been this high before. In the bull market of 2017 it topped out at 65%.
The gains in the next 6-12 weeks in alt-coins will be life changing if you let them become that. Gains are easy. Taking profits is 99% difficult. Ask me below in a future post if you’re unsure about your alt-coin.
Remember the gains at 75% dominance will exceed those you saw on your alt coin in 2017. Emotions are a money killer. The majority of folks that bought into the market in at the end of 2017 were left behind. You’ll be selling, not buying by this time - please remember that!
See you on the other side.
WW
On the above 1-day chart alt-coin dominance breaks out of the falling wedge, corrects, then backtests past resistance as support. That was confirmation.
A measured move from the flagpole informs us dominance will rise to 75%. This is significant. Why? The altcoin market dominance has NEVER been this high before. In the bull market of 2017 it topped out at 65%.
The gains in the next 6-12 weeks in alt-coins will be life changing if you let them become that. Gains are easy. Taking profits is 99% difficult. Ask me below in a future post if you’re unsure about your alt-coin.
Remember the gains at 75% dominance will exceed those you saw on your alt coin in 2017. Emotions are a money killer. The majority of folks that bought into the market in at the end of 2017 were left behind. You’ll be selling, not buying by this time - please remember that!
See you on the other side.
WW
Trade active
Thank you to poster susta for bringing this to my attention.Altcoin dominance is on the verge of doing something it has never done before. If dominance closes above the orange line this week, fireworks will follow.
Note
Watch the 54 / 55 level. Look left (purple circles) when the 21-week EMA was tested as support.3 attempts at resistance (the 2017 / 2018 top) have now been made and rejected. If support is confirmed at the 54/55 area then dominance for alts goes back up to test resistance for the 4th time.
IF resistance breaks the alt-coin market will see past all time highs for 2017 succeeded.
Trade active
Something very important occurred in a last few days.1) alt-coin dominance printed a higher low
2) Stochastic RSI crossed up 20 (purple circle)
A 4th attempt at the 60% level should now be expected. The more often it tests the more likely it is to break. A upward surge in alt-token volume should now be expected.
Trade active
Who else is watching this?? I don't know... I think we're on the verge of significant shift in market dominance. i.e. Bitcoin dominance is about to take a significant leg downwards as it did in early 2017. On the weekly chart below:1) Alt-token dominance has reclaimed the 21-week EMA (yellow).
2) RSI resistance breakout + confirmed support backtest.
Note
An alarm that I had forgot about just sent me an alert to this chart... Are we about to see the alt-token market make a move to the $8-9 trillion region? What on earth is about to happen... I'm in two camps, I do and I don't want to see this happen. If it happens, awesome gains. But it could also confirm hyper inflation and that means the worst , people not able to afford the weekly shop, folks going hungry, social unrest.. Look after your neighbour if the latter.
Ww
2-week chart
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.