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Altcoindominance

Alt season is coming!The symbol "OTHERS.D" refers to the "Crypto Total Market Cap Excluding Top 10 Dominance, %" index. This metric is used to track the performance of the cryptocurrency market, excluding the dominance of the top 10 cryptocurrencies by market capitalization. Essentially, it provides insights into how the rest of the market (i.e., cryptocurrencies beyond the top 10) is performing relative to the overall crypto marke The Altcoin Index appears to be nearing the completion of a major bearish leg. It has reached a crucial level, and if it revisits the optimized zone, there could be a significant rejection to the downside. For the medium term, however, this index looks bullish, showing potential for upward movement if it holds above key support levels. Alt season is coming! For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:OTHERS.D
by behdark
Altcoin Dominance to repeat uptrend like previous 2 cycles?During each of the previous 2 cycles in 2017 and 2021 crypto bull markets, Altcoin Dominance (below top 10 rank) went through a 5-wave uptrend as shown. The uptrend took 29 months for each cycle. Here is a sketch of what the current cycle may look like if altcoins experience a similar pattern to those 2 previous cycles. This is just a guess at what might happen. There are no guarantees that any idea will come true. The wave lines and time measurements for this cycle are for display only, not estimates of how far up altcoins will rally and how long it will take. When this bull market will end is anybody's guess. It could be Q4 2024, or any quarter in 2025.
CRYPTOCAP:OTHERS.DLong
by ToonaFish
DOUBLE BULLISH PATTERN ETH 🚀🚀🚀Chart of Ethereum (ETH), a true pioneer in the crypto realm. ETH is currently unfolding within a vast ascending triangle, and within this structure, an intriguing pattern emerges—a Double Bullish Triangle on the daily timeframe. Join me as we decipher the layers of this chart and explore potential scenarios for Ethereum's next moves. 📈🔄 Decoding ETH's Chart Dynamics: Master Triangle – The Foundation: Prominent Structure: Ethereum is securely enveloped within a substantial ascending triangle, a testament to its long-term bullish trajectory. Higher Highs and Higher Lows: The consistent formation of higher highs and higher lows within this structure showcases a strong bullish trend. Double Bullish Triangle – A Closer Look: Daily Timeframe: Zooming in, we discover a Double Bullish Triangle taking shape within the larger structure. Significant Implication: This pattern indicates a potential acceleration of the existing bullish trend, creating anticipation for a substantial upward move. Strategic Targets and Entry Points: Initial Target - $2500: Strategic Level: The first target upon a breakout would be the $2500 level. Initial Bullish Confirmation: A successful breach of this level may trigger a surge in bullish momentum. Breakout Considerations: Measured Approach: While a direct breakout would be welcomed, the possibility of a staged breakout followed by a retest at the $2000 level is within the realm of consideration. Trading Strategy: Patience Pays Off: Strategic Entry: Traders may consider entering long positions upon the breakout, with added caution if a retest scenario unfolds. Risk Management: Utilize risk management tools to safeguard positions during volatile market conditions. Conclusion: Ethereum's chart unfolds as a captivating narrative of bullish potential, weaving a tale of ascending triangles within ascending triangles. Keep a watchful eye on the $2500 level and be prepared for possible scenarios of staged breakouts and retests. May your trades be as prosperous as Ethereum's journey within these bullish formations! ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
Alt Dominance with Stablecoins Dom RemovedHere's a look at CRYPTOCAP:OTHERS.D or Altcoin Dominance vs. itself, but without CRYPTOCAP:USDT.D and CRYPTOCAP:USDC.D When removing the calculation of stablecoins dominance from the picture, the pattern looks less like a downtrend and more like a potential bottom that may soon reverse. Most are not expecting this with the present rise of CRYPTOCAP:BTC.D , but this could occur should a metric ton of cash move out of stables and into Bitcoin and Alts. Just a thought, please let me know what you think or how you might see things differently, and thank you for taking a moment to read through my own! Note - the picture may look even more accurate if there was a way to track BUSD Dominance in relation to OTHERS.D Just another, -dudebruh
CRYPTOCAP:OTHERS.D
by dudebruhwhoa
2
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.
CRYPTOCAP:OTHERS.DLong
by dudebruhwhoa
2
Altcoin market cap analysiswe have been seeing altcoins and altcoin adoption grow rapidly since last year, I believe this year and altseason we are just beginning will be even greater than the first one back in 2018! we saw a 917% increase in market cap in 2018 and i think we are definitely going to see an altcoin market cap of 1 Trillion atleast! Because a lot more retail investors are interested in Altcoins rather than bitcoin and because this year and last year had the biggest increase of new crypto investors ever. 1T market cap seems very doable and i see that as conservative, once we do hit 1T which will be a massive milestone, i think we would see a lot of people, companies, institutions start to look at altcoins and realize the potential they have. That alone i think will send us even higher most likely to 1.5T and beyond! a rise to 1.5T would bring us a total 1096% gain and aprx 530% gain from right now. Nfa just my opinion!
CRYPTOCAP:TOTAL2Long
by JacobR905
2
ALTCOIN SEASON 2021 BEGUN? Summer all over again?As we watch current BTC.D chart we can notice that history is repeating itself? Maybe, maybe not. This is my analysis for upcoming 2021 altcoin season. Currently selling BTC for better altcoin positions. First we want purple cloud breakout, it will signal of beginning of new altcoin season. 65%ish Second green line, will indicate will altseason start hardcore like in 2018 or BTC.D will pullback. 62%ish UNTILL THEN THIS IS ALL HOPIUM. All down below 62% is altcoin season all the way till 57%ish. Remember, Patience is the key. Now we just wait.. PS. Im anticipating market crash again, mid summer times april-may. *fingers crossed*
CRYPTOCAP:BTC.DLong
by lucrat1ve
3
DOT weekly dip bounce up analysis. ALTcoins market over yet?Weekly dip just like a clock. I feel like we are in the BUBBLIN phase for altcoins, most charts are seeing x3 - x20 across boards, so beware this will not continue for a long time now. Expect BTC to bounce up from weekly support and ALTs will follow. Possible retrace for DOT here. Check both RSI and Volume movements. IF BTC will continue to fall and we will not see RSI pump, altcoin market will see red and we might hit hard support at 12,5. We observe. We make plans. We take profit. And then we wait. Patience is the key.
Long
by lucrat1ve
ALTCOINS: Why should you invest in Altcoins now?Hello my friends! Why should I invest in Altcoins at all? That only makes sense if Altcoins performs better than BTC. The chart shows the inverted BTC dominance. At 50%, the market capitalization of BTC is balanced against all Altcoins. Currently, BTC is at a level of 64%. This means that 64% of the total market falls to BTC, the remaining 36% is divided between all other coins. Of course, you can land a special hit with one or the other Altcoin, but that's more like gambling. Therefore we should take a look at the market for Altcoins in general: Can Altcoins become more important? YES! The current target is around 52-54% BTC dominance. The lowest point was at 73% (highest BTC dominance). We cannot judge the time before Mid of 2017. At this point the most Altcoins have been created. Currently, it looks that the trend line will hold. This means that the time for Altcoins has generally come again. This also means that the whole market is still bullish. Therefore, an investment split between BTC and Altcoins would make sense. Which Altcoins are interesting for an investment? Here I have a clear opinion: the top coins are good. I would not recommend exotic ones. Okay, with exotics you can make 100% and more in a week or a day, but that's gambling imo. Of course you can invest in a coin, if it is a real specialty and you understand the technology behind it. But I would be careful. And another thing: I always recommend to analyze Altocoins against BTC, because BTC is the leading currency in the crypto market. -- Let's see what happens. Happy trading. :-) --
CRYPTOCAP:BTC.D
by BTCINVESTING
26
Bullish pattern apparent for altcoins - can it break out?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
CRYPTOCAP:TOTAL2Long
by CryptoRush_