OTHERS.D trade ideas
OTHERS.D and TOTAL market cap bounce in the coming daysIt seems that most assets have hit support and demand zones and will trend up in the coming days. ALTS should fair better than BTC as BTC.d hit range resistance and is heading to test the ichimoku cloud
However I don't believe that market uptrend is sustainable, as the upward move can only be a retest of broken key levels and EMAs
OTHERS.d is in a rising wedge which will break down eventually with the rest of the market.
OTHERS.DDISCLAIMER:
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.
alt coin dominance is going lowerMarch is behind the corner and this is historicaly red month. We can see that market makers are doing anything to put markets down - even stocks and others - they have a reason. Usa is playing game with Russia because they can not print more money because of inflation so they need anything what can help him to put markets down. TIming is prepared in advance. Check the charts of indexes SPX DJI NSDQ and others. DOES NOT LOOK GOOD AT ALL. In my opinion a HUGE crash is coming. Big econominc crisis is knocking. I am expecting some messages about increasing interest rates which also will help to put stock markets down. Lets see...
And about crypto - others dominance = how many % have alts in the market. I think there should be still one more wave up = alt season. And if you check btc.d chart. there is also potential for bull trap and go lower to the levels of previous alt season in 2017. Anyway my idea is - if stock markets crash - can some capital start flowing to crypto?
NOT FINANCIAL ADVICE, I AM SHARING THIS FOR EDUCATIONAL PURPOSE ONLY
PEACE
Altcoin Dominance at bottom of Daily ChannelIf we're going to see alts continue to gain in dominance, it needs to turn around here. That's not to say that it couldn't ride the bottom for longer before it turns up, but we shouldn't see it drop much lower.
Lose the channel and expect it to move down more before up.
Bitcoin dominance looks like it's very close to moving down, having created a wedge here (inverted chart below).
- That said, if BTC.D moves above ~46-47% and doesn't see a strong reaction turning back down, then we're likely to see more correction across the market or at least a sharp rise in Bitcoin that eats up alts.
- Or, instead we see others.d move up from channel bottom and btc.d move down to new lows, we may see an alts run prior to btc moving back towards ATHs or even a new ATH.
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
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.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 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