Others Vs XRPI made adjustments, as my previous retracement level was smashed through. After a re-assessment it would make sense my new target will most likely become a stronger resistance area for rejection
OTHERS trade ideas
Altcoin Dominance Excluding Bitcoin & EtherWickoff Accumulation followed by short consolidation which shows signs of strenght.
Potential Altcoin explosion loading.
ALTS ARE IN FOR A -38%??Respect the fibs, because the price respects them. Double resistance at ~190 level. After or before we go there its possible a retest of the triangle - giving a -38% drop.
It's still just a channel...alts are in an upchannel on the H4 and breakout could go either direction. For me, no new positions until breakout & retest of a TL. Scaling back long positions is prudent.
Alt Rally..?The IHS tgt suggests an alt rally could happen next week. The current weekly candle has a LUS, so we may not rally.
Either way, the outlook through the end of the year is bearish based on the orange harmonic, and we will likely return near to the VPOC by Q1.
Potential drop for Altcoins Q4 2023Altcoins could drop 70-80% on average from current prices. Especially BNB is the one that looks the worst, and that Binance has been having problems during all this year (the ''FUD'' list goes on and on, and it's going to get worse).
Update OTHERSThere is an Indigo Diagonal pattern forming and about to be executed on the next downside
All data is on the chart
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
#altcoin MCAP could break#altcoin perform since weeks ... we coudl assist to weekly breakout here, leading to the moon after
do not subestimate many X-es that could come
Others 1W (Crypto Total Market Cap) until end of 2023Sideways until the end of November between 101B and 124B. In December Others Market Cap may jump up to 137B - (false)breakout? Followed by (probably unsuccessful) retest in the second half of December (end of January 2024) falling down to 124B or even lower to 106B.
To be updated in January 2024...
MC Others: above 21 weekly EMA and reclaiming quarterly levelThe Crypto Total Market Cap Others chart show that price is above the 21 weekly EMA.
Price is also trying to reclaim a quarterly (3M) level of support.
Here come the rose coloured glasses again: up from here? :)
again head and shoulder in others#crypto
#btc
in all three cases ( total2,total3 and others),we see head and shoulder reversal. let's see what happens
*pay attention that in all three cases ,I drew the neck line, if it breaks, the bear's blood will be drawn*
alt sznTrendline break out and a potential head and shoulders pattern in action.
Not a financial advice.
OTHERS Marketcap 1w to BULLRUN !!Others Marketcap (Altcoins) 1w Longterm
Exclude top 10 altcoins marketcap. 2015-2023 chart
1-2-3 / sword and shield
In my opinion; btc dom. uptrend will end within maximum of 1-2 months, we already know others dom. is at the bottom.
When will the ALT-SEASON come?
So how do we understand this?
To understand this, we should chech these:
The most important charts are:
1-) Btc Dominance
2-)Eth/Usd
3-)Eth/btc
4-)Total, Total2, Total3 marketcap
5-)Others dominance
6-)Others marketcap
7-)dxy
8-)Usdt dominance
9-)Btc/usd
10-)XRP/BTC
I recommend you to check all my charts to fully understand.
📈 Retraces & Corrections = Buy Opportunity (Think Long-Term)The bullish bias has been confirmed. Here we can see the Total Market Capitalization for the Altcoins market trading daily above EMA50 after a very strong higher low.
When we are in a bullish trend, an uptrend, all retraces and corrections can be used as an opportunity to buy-in, rebuy and reload.
Keep the bigger picture in mind.
Focus on the long-term.
Short-term noise will always happen, wild swings, FUD, shakeouts, stop-loss hunt and more... This is not enough to make you fold.
The easy and best strategy for Cryptocurrency is buy and hold.
Think long-term!
How high will the Altcoins and Bitcoin be 1 or 2 years into the future?
Namaste.
Meesa Thinks UpThe RSI-ish indicator looks to have broken out of the downtrend and is conducting a touchback. Afterwards I suspect it will go up. Not financial advice.
OTHERSIt is supposed to rise in three corrective waves to the specified areas, and then drain to fall strongly again
possible up-trendi hope its clear on chart
after a 5-wave descend, price has made 2 waves:( 1 or A ) and ( 2 or B )
from this point it need to make ( 3 or C ) wave that can go up to 180 - 260
if we also want to approach this from a classic point of view there is also
a possibility for a bottom head and shoulders with a tp of 260 - 300
i am telling you this to get ready because if there is an uptrend with 100% - 200% gain,
then you should be able to earn way more than that in altcoins
Send the 3rd!!!!This is the correlation between the BTC.D (inverted) with the altcoin market cap chart. It's hard to deny that both only had the 1st wave of their supercycle and are gearing up for the 3rd wave (the tsunami).
My theory is that the altcoin market cap and the BTC.D charts are one impulse wave below the BTC price wave count. So, BTC is having the 1st wave of its supercycle and the BTC.D (inverted) and the Altcoing Market cap are finishing the 2nd correction wave and entering their 3rd wave.
BTC pumping in the 3rd wave of the 5th supercycle wave = Altcoins pumping in the 3rd wave of their supercycle = BTC.D falling (3rd wave)
BTC correcting in the 4th wave of the 5th supercycle wave = Altcoing correcting in the 4th wave of their supercycle = BTC.D rising (4th wave)
BTC pumping in the 5th wave of the 5th supercycle wave = Altcoing pumping in the 5th wave of their supercycle = BTC.D falling (5th wave)
BTC starts correcting from the Bullcycle top = Altcoins still pumping in the 5th wave = BTC.D rising (correcting if looking the inverted)
We are having an altseason soon, and that will surprise a lot of people, I mean a lot!
OTHERSDisclaimer
High Risk Investment
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A qualified professional should be consulted before making any financial decisions.
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