OTHERS.D trade ideas
ALT COIN DOMINANCE 1D : ABOUT TO BLOW UP Hello Everyone, If You Like The Idea You Can Support With A Like And Comment .
Friendly Reminder ⚠ Save Ideas To Check In Future Also .
RSI : As You Know My RSI Plan On BTC Worked Well . Now Im Planning To Do Same When RSI Will Rise 55 Points .
In My Opinion , We Will See Massive Altcoin Run After Consolidation Phase And Bitcoin's Main Move Would Be End Of Session .
WHY ?
Check Comments To See Daily TA Of ETH/BTC
Keep In Mind ❗
🟣 Purple structure -> Higher TimeFrame Structure.
🟢 Green structure -> Daily Structure.
⚫️ Grey structure -> 4h Structure.
🟡 Yellow structure -> <4h Structure.
Important : Please Use RM (Risk Management) and MM (Money Management) If You Decide To Use My Ideas, There Will Always Be Unprofitable Ideas, This Will Definitely Happen, The Goal Of The System Is That There Will Be More Profitable Ideas At A Distance.
ALT SEASON still in progressHello all after quite long time of choppy mess in the market. This is not financial idea i am posting this just for educational purposes. Always do your own research.
What we can see here is altcoins dominance ratio. If increasing, alts are going up. On this chart - monthly - there is a retest of very strong resistance which flipped in to support... once this support is confirmed by touch of current monthly candle - we can continue much higher for the real alt season. This level MUST hold. This chart means very nice clue what we can expect from the market. As there is a summer market can be lazy a bit but as u already know... anything can happen in crypto world.
Most of alts in BTC pairs are setting up for huge moves upside. BTC is going sideways and i dont think it can go lower because it took already a long time.... which is more like re-accumulation part. Let's see what whales have prepared for us.
Stay safe, stay happy and if you need any help about trades, market, whatever....i am here. Cheers!
Crypto Bitcoin Correlation - (altcoins)Here's a quick correlation view of some of the top altcoins.
Correlation: Positively correlated variables tend to move together, negatively correlated variables move inversely to each other, and uncorrelated variables move independently of each other.
This quantifies the estimated strength of the linear association between two variables. It ranges from +1 to -1: +1 indicates a perfect positive linear correlation, -1 a perfect negative linear correlation, 0 indicates no linear correlation. The chart in the background represents the change in the correlation over time.
Alts Dominance - could it be only as BTC is slightly ahead?
Will this cross - when BTC hits it's weekly (4)???
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
DOMINANCE - ALT - OTHER.DJust making some imagine , but you shuld watch out Yellow Trends - Yellow Trends is IMPORTANT.
You can see UP TREND ( pink color ) it Touched 4 times , if it comes for 5. Times should Broke Up it.
And may be first , dominance could touches back for affirmAtive to 2017-2018 ATH
OTHERS.D HI everyone
Examining the indicators rsi=55.44 macd=want to cross up ichimokou=in 3day bull and the candellstick pattern (tweezer top ), it seems that we have an uptrend that has a trend up to the resistance lines or Fibo resistance of 127%, which shows the increase in the price of some low-marketcap altcoins.
love you