Candles: Bitcoin dominance
Orange line: Alt-token market cap
Recently an idea was published suggesting Bitcoin dominance is starting a new cycle. (See below). During this new cycle there will be moments when Bitcoin dominance is overbought with the alt-token market benefiting as a rotation occurs. Those are the purple circles on the above 2-day chart. You can see as Bitcoin dominance corrects the alt-token market makes amazing moves.
There are moments when that dominance is significantly extended / overbought. If you look at the purple circles once more you’ll see ‘green vertical strips’. These are the ‘great sell’ signal conditions. Once it is confirmed it will appears in the pink circle. I’ll update this idea with ‘trade active’ when confirmed.
Those green strip condition will see following moves in the alt token market of far greater significant than the other peaks. Look left.
Questions? Just ask!
Ww

Orange line: Alt-token market cap
Recently an idea was published suggesting Bitcoin dominance is starting a new cycle. (See below). During this new cycle there will be moments when Bitcoin dominance is overbought with the alt-token market benefiting as a rotation occurs. Those are the purple circles on the above 2-day chart. You can see as Bitcoin dominance corrects the alt-token market makes amazing moves.
There are moments when that dominance is significantly extended / overbought. If you look at the purple circles once more you’ll see ‘green vertical strips’. These are the ‘great sell’ signal conditions. Once it is confirmed it will appears in the pink circle. I’ll update this idea with ‘trade active’ when confirmed.
Those green strip condition will see following moves in the alt token market of far greater significant than the other peaks. Look left.
Questions? Just ask!
Ww

Trade active
** confirmed **It was written above this idea would be updated to 'trading active' when confirmation of BTC dominance correction has begun. On the 2-day chart below that signal has now printed. A significant move in the alt-token space should now be expected over the coming days and weeks as is shown with previous cycles below.
It is somewhat fascinating on studying the 2-day TOTAL2 market capital (everything except Bitcoin). The ‘incredible buy’ signal has just printed. Coincidence as Bitcoin dominance prints over bought condition?
Note
Lots of evidence emerging with various alt-tokens with the buy signals are about to pop.FLM - was my RADAR, just did not get around to publishing, up 150% since signal.
GAS - Again, just din’t get around to publishing
ROSE - on the 2-day.. just picking at random now, you get the picture.. many alt token are printing 'buy signals', but not all. Especially those in the top 20, they are all looking Mehhh.
Note
** How to play the alt-token market for the remainder of 2022 ** I wanted to write this down somewhere before I forget, here seemed as good a place as any. This is what we're going to see for the remainder of 2022.
1) From June into July and August and possibly September, an upward rally.
2) From September through until Autumn, a market correction.
3) From Autumn until the year we're going to see a new market high.
4) Monster market correction. Wave 5 of the cycle complete. Be in cash.
Someone please ask me to study the 6-week chart at that time.
Trade active
The alt-token market is about to make a serious move. On the 2-day chart below the TOTAL2, that is the market capital of all tokens except Bitcoin is price strong bullish divergence with multiple oscillators.
In addition to this the total2 has printed a dragonfly DOJI candle on the 200-week SMA shortly after a ‘incredible buy’ signal.
Will just finish by saying this signal has never printed before on the 200-week SMA, it is a first. It tells me two things:
1) The market has never been this bearish before.
2) The recovery will be as strong as the sell off.
Ww
Trade active
We''re getting closer... The tall green bars identify market bottoms.TOTAL2 - Crypto market capital excluding Bitcoin
TOTAL3 - Crypto market capital excluding Bitcoin and Ethereum markets
You can see Stochastic RSI is printing a strong bullish divergence on TOTAL3 suggesting markets in this category shall make a stronger recovery.
Note
A couple of charts that seemed interesting to share. It is the Total2 market capitalisation on the 2-day and 6-day charts.1) There’s the falling wedge with flagpole measuring a 160% move in the near future.
2) Two lines:
2a) The Green line is the 2017 market top.
2b) The blue line is significant support and resistance going all the way back to 2014. See below.
3) On the 6-day below a ‘incredible buy’ is printing for the first time ever.
2-day
6-day TOTAL2
Note
A broader upside move in the alt-token market is about to occur. I know it does not feel like it, it never does or else everyone would be... On the TOTAL2 chart price action is now printing bullish divergence with price action. Since the breakout of RSI and Price action resistance + lower low we have:
1) Higher low on stochastic RSI. Especially with the highlighted green areas.
2) Higher low on the Money Flow Index (MFI). Money is flowing into selling pressure, wonderful to see.
Also observe the falling wedge breakout and where it began. The TOTAL2 market cap will return to $1trillion+ market cap now the breakout is confirmed.
Note
There's a token in the market beginning with 'A' just as above printing the exact same formation yet has not made the move, do you know what it is?Note
This could be a cunning moment to add to your alt-token positions as TOTAL2 corrects to the GRM (Golden ratio multiplier - yellow dotted line).It is hard to believe traders/investors added $100Billion to this market since the beginning of the month and took it away again in the last 72 hours! This is but a taste of the volatility that is to come.
Trade active
This idea was published around the time of the last 'incredible buy' signal in June.Another has just printed.
Price action is on the yellow dotted line, that line is the golden ratio multiplier. You can see TOTAL2 is now on the golden ratio.
The target of this next move is from around $580B to $900b, or where the market was in May.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.