🔻BTC.D ,🔻USDT.D & 💹OTHERS.D (UPDATE)❓❕HEY crypto community, what's going on today ❓❕‼️😉
since Jul 21 ,that I posted last update for BITCOIN dominance , OTHERS dominance and TETHER dominance , as I expected ,these indices has been slightly continuing previous trends !
Also as I told you guys , while the dominance of both BTC and tether decreased But others.d increased and at same time we an wait for more growth for altcoin , and we've seen that bitcoin and altcoins prices has slightly raised recently .
So in my opinion it means that at least a short-time Altcoin-party is still expected , .
when the bitcoin dominance is still significantly bigger than others . ( Usdt.d - Others.d - Eth.d..) BTC.D AND Bitcoin price is determinant for the next possible movement of crypto market !
technical point of view:
-bitcoin dominance(BTC.D) has recently lost a major Pivot zone and treding under POC lines(Power of Control) . so in this case if it not be able to return back soon above this pivot zone immediately . it can easily drop on the lower support line .
- also as I expected for Tether dominance(USDT.D) it has been declining til now, recently ceased at a dynamic support line , so may it has a rejection and can form a H&S pattern that can fall again in this case , but anyway if loses the current support it will easily fall on the lower support zone .
- Also for Others Dominance: as we see its already trading above a major pivot zone , and meanwhile BTC.D and UST.D is decreasing it can continue its uptrend and tests the higher resistance zone just if it be able to maintain the current pivot zone.
conclusion:
According to above chart , if the current scenarios for dominances continue , Whether bitcoin price goes more up or even goes sideway its a good situation to long altcoins. btw in this situation if bitcoin even goes down ,then altcoins can go sideway!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
OTHERS.D trade ideas
ALTS Dominance is Bullish Long Term! Next Level = 28%Long term, ALT dominance is going up, there's no question about that.
The hard part is knowing which ALT will outpeform BTC.
ETHBTC for sure but apart from that, other ALTS take turns.
So it's a trading game. The safest bets are the top 10 ALTS but those change too. Top 10 ALTS 3-4 years ago are completely different than today!
Ethereum will do well vs BTC, there's no question about that.
Which other crypto will outperform BTC in the long term?
🔻BTC.D DOWN,🔻USDT.D DOWN & 💹OTHERS.D UP ,What will happen❓❕HEY traders, what's going on today ❓❕‼️😉
since previous analysis that I posted for OTHERS dominance ,some interesting events have happened in the crypto market .
🔻📉BTC.D has declined ~ -10% ( from 49%-43%)
🔻📉USDT.D has declined ~ -30% ( from 9.5%-6.5%)
💹📈OTHERS.D has raised ~ +20% ( from 11%-13.5% )
while the dominance of both BTC and tether decreased But others.d increased and at same time we saw that bitcoin and altcoins prices has raised recently , so What it means ?!
in my opinion it means that in the recent weeks while majority of trader expected a green market and increase for bitcoin and altcoins but they mostly put their liquidity to the altcoins market because might expected more growth for altcoins rather than btc when btc.d is down .
If you don't know what's OTHERS.D , Before going any further more you should know the OTHERS.D represent the percentage of total market capitalization of the top-125 cryptocurrencies, excluding BTC and some other top cryptocurrencies. You can see the list of excluded coins on the Total Market Capitalization Dominance chart on the cryptocurrency market page . The excluded coins are displayed along with the OTHERS market chart.
Although the relation between the BTC.D , bitcoin price , altcoin dominace and their prices is a little bit confusing for most of us , but these key point can help us to predict the market !
EXPs :
if BTC price increase and BTC .D increase too ====> Altcoins price decreases.
if BTC price decrease and BTC .D increase ====> Altcoins price Dump and decrease heavy. This is dump phase.
if BTC price go sideway(without up or down) and BTC .D increase ====>Altcoins price don't change and this is accumulation phase.
if BTC price increase and BTC .D decreases (or sideway ) ====> Altcoins price jump or may have a altseason.
if BTC price decrease and BTC .D decreases too ====> Altcoins prices go sideways.
if BTC price go sideway and BTC .D decreases ====> Altcoins prices increase
so now what I expect for crypto market and altcoins?!
As always because of more dominance of Bitcoin ,we start with btc and btc.d ( I also assume that USD.T continues its down trend ),
📈_ thus if btc.d maintains the current support zone and be able to increase by breaking of the descending trendline and then can reach the higher VG zone :
if at same time bitcoin price rises >> so in this case others.d loses the current pivot zone and altcoins price will decrease
if at same time bitcoin price decreases >> so in this case others.d loses the current pivot zone fall to lower support zone and altcoins price will dump
if at same time bitcoin price goes in a sideways >> so in this case others.d maintain the current level and altcoins price will continue an accumulation phase
📉_ But if BTC.D the loses current support and goes down to lower support or may ( continues sideway) :
if at the same time bitcoin price goes more up >> so in this case altcoin dominance can reach the higher resistance zone an forms a H&D pattern and altcoins price will jump
if at the same time bitcoin price goes down >> so in this case others.d then altcoins price will go in a sideway
if at the same time bitcoin price goes sideways >> so in this case then altcoins price will go up
but anyway take it mind according to the USDT.D chart and previous analysis for , the tether dominance may increases in the short-term and the the same time btc.d and others' lose more their current dominances again , so in this case we may have a temporary down before any rising (in the mid-term )!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Altcoin Season has startedThis is Others.D which illistrates Altcoins without Ethereum dominance in the market. This is the weekly candle chart.
Let's start from bottom of the chart.
1. The Stochastic RSI has been out of oversold since the 20th June 2022, it looks like it is curling back down which would gain BTC back some dominance.
2. PCT Rank Top Bottom is light coloured green stating that we are bottoming out and momentum turning back up.
3. The Money Flow Index has dropped below 20 tells me that the money coming in should start increasing.
4. I have put in the historical Linear Regression lines (in Green) 6-13th June 2022 price had bounced off the lower line.
All of this above looks to me a great time to start buying Alts. The Stochastic RSI is a concern, but overall we should be right to go.
Buy BTC or Altcoins when the market starts recovering?Observe the above 10D chart.
1) Four whole red candles printed outside the lower bollinger band. Never has that once happened in this chart. Remember, the majority of times candles print inside the bands and when they do outside, they sharply correct.
2) Counting wicks, the index has corrected almost 45% from its recent top and is currently testing a previous top (marked by the yellow line).
3) Most altcoins have depreciated 80-90% from their previous market tops.
4) The corresponding 10D BTC.D chart satisfies the exact opposite points (RSI is high, price above upper bollinger band). Also it prints a pattern close to a triple top)
On the 5D chart below, we can see that RSI hasn't been this low since 2016, when a 800% move followed.
In my humble and non-professional, non-investment-advice opinion, altcoins will bounce harder than BTC soon when the crypto markets starts rallying again.
ALTCOINS/OTHERS dominance going to 30% - Sell ALTS January 2023For all the BTC maxis, can you tell me which way the long term trend is going for ALTS dominance?
Yes, the ALTS have had major crashes vs BTC & ETH but since 2014, the trend is pretty damm clear. It's up.
Holding ALTS long term has been a good idea vs BTC.
You just need to pick the RIGHT ALTS.
That's not that easy.
The large caps might be safer bets.
Individual ALTS Moon and crash and disappear quickly, but the OVERALL ALTS dominance has been growing since 2014.
So maybe holding a BASKET of ALTS is the best idea.
Diversify into multiple ALTS.
We are touching the historic trendline.
It's VERY likely we get a bounce from here from 11% to 30%. 3x in dominance. About 150% increase.
That's a pretty incredible BULL RUN if you ask me!
I'm bullish on ALTCOINS if it wasn't clear.
💣Altcoin Dominance ! When is time to rise?🚀Hey Sup GUY!
today I'm gonna analyze others dominance (OTHERS.D) , which also known as the Dominance index of altcoins . so lets get started!
My the past analysis was exactly before when some altcoins went parabolic and to moon . but since beginning of this year ( Jan 2022)
the market of altcoins turn red and bloody once again, so now the question is after losing more than 90% of worth of my altcoins when it can start to rise again ?!
My freinds call me Hey M.A I'm sick of seeing the Worthlessness and melting of my altcoins portfolio . I'm also too !
but to be honest it may not happen soon, Not least as long as bitcoin dominance is steadily increasing (probably up to 50-60%) , Because I'm my opinion the crypto market has entered an erosive process and its recovery will take some time, but it will rise again to hit new ATH definitely !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses Please follow me and give me a big thumbs 👍 OR drop comment 🗯💭
Bullish on $OTHERS.D and altcoinsHistorically the DSO & RSI combo is a great tool for spotting potential trend reversals.
I find it to be most accurate on the $OTHERS.D chart when looking at the 1W.
I find that:
- When ever the RSI and DSO meet above 80 % the trend seems to turn to the downside. Set the limit at 70 % and you would get a lot more tops.
- When ever the RSI and DSO meet below 20 % the trend seems to turn to the upside. Set the limit at 30 % and you would get a lot more bottoms.
Current situation:
DSO is right now at 1.22 % and the RSI just crossed the 12.85 % level (= 28.73 RSI)
I would not be shocked to see OTHERS.D go to 10-11 %, but then we could see a shift in the trend as explained above.
Let me hear your thoughts, please :)
Long Term Crypto (Bull vs Bear)Currently everyone is bullish yet bearish and it's in this "unknown" territory. So I was trying out some ideas and this could explain the quick rally to 60k BTC and the "spikes" in altcoins. Some people say altseason is over and did not really happen. I'd say it is still on with an ugly longer correction.
As a junior learning to trade and trying to see patterns I noticed a similar pattern 2017. This season is not retail season like in 2017... it's institutions season. What do we all know about institutions? They are slow... they don't FOMO. This rally happened reaaally fast. Retail was faster than last season and there is more capital to spend. We now have far more experienced traders and non-fake projects to spend the money on. Retail however is confused about the new space (Defi, Yield Farming, Oracles, etc.) So what does retail do? spend it on memes and shilled projects and hodl as long as it can.
This huge correction needs to happen. Market manipulation? Who knows... it's the life of a trader. At least now I have a bigger picture where it can go... and it explains my bias. If it's confirmed I'll plan my future trades accordingly.
Please critique as much as you can... trying to learn. :)
Happy dyor.
BTC shows great potential in the upside!Hi Everyone,
I hope everyone's doing great and we know you all are waiting for market to MOVE in either direction, but here's our little input for you.
Please do let us know of what you think about market and what other Major moves you think market can make in the comment section below.
Entry:- Tomorrow at 5:30 AM (GMT:5:30 HRS).
SL :- 32k
TP :- 48K
Risk to Reward: 6.56
NOTE: This is our position, and we do not recommend that you follow our instructions without doing your own analysis.
DISCLAIMER: This is not a Trading Call, and shall not be treated as such either. We will not take any responsibility for your profits or losses. Trading is a field of probability and you should adhere to it as such.
OTHERS.Dthis is an analysis of others.d monthly time frame. in my opinion, this chart shows perfect fib 0.5 retrace and this wave we have a high probability to reach targeted 0.618 level, as we know this is cryptocurrency market cap without BTC, so we can think if this reach targets, we will see a huge gain in ALTS
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.