OTHERS DOMINANCE IDEA Hello TradingView Family / Fellow Traders. This is Tony, also known as Cryptony
others dominance = altscoins dominance
start buying alts their time are coming
ETH , LINK , QNT , MATIC .
OTHERS.D trade ideas
Altcoins Slowly Gain DominanceThis monthly dominance chart shows that we're at a historical support line that has held since the inception of alts beginning to take over the market back in 2014. This shows a clear sign the market is beginning to develop an appetite for risk moving into the end of the year, and will likely dramatically increase in 2024.
I don't belive this will happen overnight, but it would seem now is a good time to start accumulating Alts for the 2024 run. Bitcoin domiannce has run very hard over the last few months, i expect this will slow down as we get closer to 2024 and traders start to roll their profits into more risky assets to increase their overall returns.
Others Dominance 1w ''Lets Go'' Others Dominance 1w
Exclude top10 coin in the market.
Now Btc dom. is %50. In my opinion its on the top and it will downfall
Others dom will be in a up-trend ↗↗↗
Also you should check major altcoin's dominances and alt/btc
ALTCOINS An immense alt season is starting.The altcoin market cap dominance with its designated OTHERS.D ticker is rebounding after reaching the bottom of the Channel Up pattern that began on the December 2015 market bottom. A Falling Wedge was the pattern that drove it to the Channel's bottom as it did in August 2019. Following the rise at that time, a 1W Death Cross was formed over the Falling Wedge and that confirmed the uptrend with the 1W MA50 becoming the Support.
A new 1W Death Cross is only 2 weeks away from forming and that is an indication of a massive upcoming surge on alt coins, the infamous alt season. Technically there is no better buy entry than now. The next Halving will be on April 2024, less than a year away and the previous bottom was 280 days before the last Halving.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Alt Season Incoming There is more than 3 parameters that we're getting into the Alt Season. But we only need 3
OTHERS.D as you see made a positive divergence exactly on 0.618 level of long-term fibo and, Touched the up trend-line for first time and showed pump reaction .The only thing we need is to break the down trend-line .
ETH.D had made a rising wedge and its going to dump or getting into trading range .
BTC.D raised for a couple weeks and its getting to the 0.5 level of retracement fibo and it has potential to make negative divergence .
Altcoin dominance. Chart bullish cyclesUpdated altcoin.dominance chart.
Exponetial uptrend for altcoins!
This chart is indicating by July, we should see a alt season of Somesort based off previous performance. this is going off monthly candle's but i would expect some kind of recovery before then, as it seems we have reached a potential bottoming point!
exciting times for altcoins, a long awaited relief is needed especially with the SEC's latest interventions.
altcoin dominansaltta 0.70 .080 aralığı önemli alım yeri olarak karşımıza çıkacaktır haftalık görünümde herzaman bir trend desteğinde boğa başlamış bakalım yine olacakmı
Others.d can strengthen altcoinsIts descending channel has been broken and it will soon go to higher levels, which means we will see altcoins gaining strength in the market.
Don't touch altcoins until you see this!Over the past few months, we have seen an increase in the dominance of altcoins in the cryptocurrency market. This dominance has risen from 9% to 12%, indicating a growing interest in altcoins among investors.
During this period, the Trend Probability Indicator (TPI) was bullish, suggesting that this trend was likely to continue. However, since March 7th, the TPI has been bearish on the dominance of altcoins. Three days ago, it briefly went neutral, but it is currently at a TPI value of -0.257, which is considered bearish for the dominance of alts for now:
For the long-term TPI we see the trend being much more weak for the dominance of alt-coins. The long-term TPI has a value of -0.7142.
It's quite likely that BTC and ETH will continue to outperform alts until we see more conviction and certainty in the market. This means you are currently taking on more risk for less returns by holding ALTS, wait for a proper signal from the performance of alts!
You can even compare a strong altcoin like SOL to ETH and see that SOL is heavily underperforming ETH:
When the TPI is red on for example the SOL/ETH chart we see that SOL is underperforming ETH in terms of risk adjusted returns and losses.
Altcoin Season? Not Anytime Soon
For some reason, many people believe that altcoins are about to start a new rally. But what are the reasons for this? Judging by these two graphs, BTC dominance could start skyrocketing after breaking key level and more and more money will flow from altcoins to BTC. Money is extremely expensive right now due to high interest rates, a recession may be around the corner and BTC could also retest 20K support. All of this combined is likely to cause most altcoins to drop by another 25-50%, if not more. If BTC dominance crosses 50% and consolidates higher, then there is a very high chance to see BTC DOM at 70% (most likely closer to halving or a little after it). At the same time, altcoin dominance will most likely decrease to the 3-4%.
Down to 5.5 and Lower or Back to ATH at 19.4Scenario A:
- Confirmed Head/Shoulders top, successful re-test and then down to 5.5%
- Likely headed much lower after losing the lower trendline of a long-term rising wedge, which has also been successfully re-tested and has continued down
- Possible because of two confirmed patterns and re-tests.
Scenario B:
- Unconfirmed Falling Wedge, which if it breaks up from will target ATH at 19.4% and bring us back into the rising wedge on pending a 2nd re-test.
- Double-top and then true exit of the rising wedge before heading much lower
- Possible because this behavior would be similar to the behavior following its previous set of peaks in 2017-18.
strong Longit seems that wales are getting ready for huge pump,
because :
1. altcoins are oversold , look at massive multiple divergence that is pressed and ready for Explosion.
2. look at falling wedge pattern , this often breaks from top.
3. Bitcoin is 27,700 and altcoins are at the price when Bitcoin in $17,000 were traded .
Altcoin Dominance. Monthly chart. #bullish! Although the chart appears bearish, monthly candle closed level with previous wick. everytime we have previously reached this trend support we have seen a 100+% move. may take some time to play out, could even break this in the short time, but after we should see altcoins rally! #bullish on altcoins! weakness in BTC could see liquidity transfer into Eth then ERC-20 coins, then #XRP.
important place for others dominanceIn case of correction, it will go down to the marked red area and start its own storm to the up.
in my opinion, it gives holders a significant profit.
Important change in the Crypto Market: Don't buy alts yet!Quick note:
I am slightly bullish, but I need to see more strength in the TPI. As of right now it's only 0.25 on BTC, where 0.2 is the threshold to go bullish.
I wouldn't swing long on a lot of trades with a lot of risk as of yet.
It is very likely we do go a bit higher, if we see shorts get liquidated:
Inverse HS or Falling Wedge?Others dominance will make a decision soon:
1.) Bearish Head / Shoulders moving significantly lower
2.) Bullish Falling Wedge moving back towards ATH
Others Dominance up to 32% or down to 5%Others Dom has a confirmed Head/Shoulders with a bearish target of ~5%. However, it could make another attempt to get back above its neckline if we see a double bottom here. That double-bottom would get us back above the right shoulder, causing a failed HS targeting 32%.
Either way, change is coming.
Crypto , Cryptocurrency #OTHERS Domination is trying to retain massive support.
Weekly candle close is nice. If the monthly candle close is also green, our first target will be 14 levels and the preparations for #AltcoinSeason will begin.
Fed Rates and its impact on the MarketJust a light reminder where it all goes, was a bit sleepy, but hopefully provided a helpful data.
Describing SP500, BTCUSDT, ETHUSDT mostly on Weekly charts.
You have not seen the real ALT SEASON yet! Soon....The real alt season has not happened yet. Alt dominance runs A and B were just the appetizer. You have missed nothing yet. Dinner is about to be served. :)
2023 and Beyond Alt Season Cycle Road MapUpside to BTC is limited. Once Alt dominance bottoms in B cup and touches black trend line, alts will take off. But the real fun doesn't start until cup C where BTC and Alts go up at the same time.
Dominance of other currencies seems to be decreasingAccording to this analysis, the dominance of other digital currencies is decreasing. This means increasing the dominance of Bitcoin on the market.
If the future events are based on this scenario, it is expected that the dominance of others will decrease to about 9% and from there the alt party will start and the dominance of others will increase to the range of 12.21%.
The time of chart is weekly and as it has been specified, the 200 moving average chart has broken downwards.
If we refer to the history of the chart, we can see that in similar conditions up to 25% below the breaking point of the 200 moving average in the weekly time frame.
Strong Long others dominance is about to complete last correction wave in 4h chart , RSI is over sold and I think after a divergence (maybe in this week with daily RSI in 19) it could goes up as I mentioned
