Alt Season Ahead I think altseason soon if Bullish Divergence on Others Dominance and Bearish Divergence on BTC Dominance Plays Out
#BTC
#Altseason
OTHERS.D trade ideas
ALT dominance at a crucial pointI was checking BTC dominance and I thought that not many people talk about altcoin dominance. In part this is because alts dominance is influenced by BTC dominance but I think it can give us a good insight of how altcoin prices will grow (or fall) in response to BTC.
We can see that right now alt.d is over 16% but it has been growing very steeply, but no market can sustain such kind of growth on the long run. I've used Helkin Ashi candlestick to show better the trends as they're the most important things in indexes charts.
I think the white path is the more likely to happen with BTC.D that should keep rising (I'll post a screenshot in the comments) and alt dominance should lose a 3% bouncing on that support area. This should make the angle of growth more sustainable and would be in line with the bearish DIV you see on the RSI.
According with my trendlines, BTC.D should grow at least until the first or the second week of March without reaching the resistance. If BTC will break the resistance it'll go to 52% of dominance easily but this would prevent alts to pump. In this case ALT.D would bounce between the two R/S, possibly go below 12%. If instead BTC.D would stop rising we might see ALT.D taking the green path but I don't see this happening to be honest. In any case next altseason might start once ALT.D will break out current level of dominance.
Current situation would discourage from accumulating ALTS to focus on buying BTC but I think ALTS are very cheap right now so I bought few just in case BTC.D would start lateralize fueling ALTS. If you want a safer approach to this market just DCA with BTC and you should be ok.
I'll add a BTC.D screenshot on the comments. I hope my idea will help you guys with your trading.
Good luck
OTHERS dominance going up - Good for ALTS!Seems like we will get a bounce on the OTHERS dominance chart. BTC will lose value vs alts.
Perfect! :-)
Altcoin market capAltcoin market now going in falling need to bounce from side trend line otherwise big sell off. Then official bear market starts. So keep eye trend lines. 😎
Dominance on altcoinshello dear trader, here is a possibile scenario for rule of 3 touches. Please tap on like button and coment
Divergence at the top of the channelHello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
Others dominance shows people inclination to buy large Cap coins like BTC or other smaller cap coins.
the price is moving in the parallel channel for 6 months. this is a valid and reliable channel.
the price reaches the upper line of the ascending channel and at this time, we see a Divergence between price and MACD . A downside trend of the price is more probable.
please note the image below. It is the 1H time frame and we see the price breaks down the trend line and this is our trigger to know the price is probably in the down trend.
Conclusion:
we expect that the ratio of bitcoin to other smaller cap coins is in the down trend. that means if you want to buy, it is better to buy bitcoin and if you want to sell (short), it is better to sell small cap coins.
Others dominance : bearish outlook Hello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
this is an update of my last analysis.
Others dominance shows people inclination to buy large Cap coins like BTC or other smaller cap coins.
the price reached the upper line of the ascending channel and reacted well to the upper line of the channel.
now we see a pullback and the bearish movement of the price can continue.
this means if you want to buy crypto, it is better to buy Bitcoin and if you want to sell crypto, it is better to sell small Cap coins.
OTHERS.D Get Ready ALTS!ALTSEASON looking very good. Squeeze at local level will produce nice gains for ALTS. Still on Target to 24.
OTHERS.DHello to all dear traders, I hope you always hunt for big profits.
DISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
MARKET CAP OTHERS DOMINANCEIt will be useful to follow altcoin dominance while following the price movements. Descending wedge is broken and the dominance clings to the support. Its rise to green striped levels will show itself as an increase in altcoin prices.
Altcoin fiyat hareketlerini takip ederken dominance da takip etmek faydalı olacaktır. Altcoin dominance düşen kama kırılmış ve destek üzerinde tutunmuş gözüküyor. Sırası ile yeşil çizgili seviyelere yükselmesi, altcoin fiyatlarında da yükseliş olacak kendini gösterecektir.
OTHERS.D CRYPTOWINTER 😱 or CRYPTOWINTER!! 🤑Watch these levels to determine how the next few weeks will finish Q4 2021 and start Q1 2022.
OTHERS.D Forecast Using CirclesThis is a chart for OTHERS dominance, which encompasses much of the altcoin market
Using the periods of bear action we can draw circles, that show clear similarities between each bear section
This suggests a price spike (price is creeping up) to the yellow circle, as was seen in the first circle
ALTSEASON OTHER.D to 24looking at the triangle with breakout and confirmation of exit.
I have a target of 24 for OTHER.Dominance, indicating many small cap coins to 10x (or more) over the next few months during this cycle.
Others Dominance Analysesaltpartty ( alt season ) is started
if we watch carefully on daily chart we can see obvious wave
and we can recognize when we must enter in or exit out of market
crypto currency crypto currency in a glass , btc price in range , eth price rise , btc.d decressing , then we should wait for ALT session
OTHERS.D INDEXin others.d index chart we can see clear divergence.(rsi indicator) ALT season incommig...
If bitcoinif bitcoin starts to consolidate on ath, we have a chance to increase the profit ratio for altcoins
