OHTERS - Important level to holdIt's important to hold this level on the chart in my opinion, or else the market will go down HEAVY. Only one scenario would still be acceptable and thats a deviation with short term more pain.
Othersd
Atlseason Is coming !!!alt seasion is coming
if market reach 20 % - 22% it's warining sign to leave the market
OTHERS Dominance - Altcoin DominanceThe chart is OTHERS.D. Essentially altcoin dominance in the market and an indicator of altcoin strength in the market.
Price is respecting a HTF uptrend since 2020, tapping into the HTF trend line which kicked off the prior altcoin seasons in the last cycles on each tap. Price is also coming into the HTF monthly demand range with high volume as price mitigates this area. We are also following the HTF bullish orderflow thats been established since 2020. Over the last few months price has capitulated into HTF demand, fulfilling all my targets and we are forming a range in key levels, whilst establishing some bullish orderflow on the daily timeframe from these lows and key levels.
I think based on the range profile on the daily, we are accumulating here in a local accumulation range, supported by high volume nodes on each wick into these levels, with a sweep of the range lows and now establishing bullish orderflow in the daily range from our HTF bullish levels where ive anticipated the HTF bullish reversal to form as covered in my prior forecasts and breakdowns.
I believe this is the start of a reversal setting up on OTHERS.D, from these HTF bullish levels and we should start to see the altcoin market pick up as this drives higher..
My first draws on LQ are at the 10.13% and 10.5% levels of this daily range.
Once price closes above the prior weekly swing high at the 10.5% level, this will confirm a new weekly HH and a shift in trend from the weekly timeframe, which should then follow into the monthly putting in a new HH in line with the HTF trend.
3M:
2M:
1M:
2W:
1W:
1M/1W/1D:
3D:
1D:
Be careful.Deep falls possible before expected bull run.
Don't make decisions with too much excitement.
Don't get carried away by social media.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Altseason - are you seeing this?Others dominance may be wrapping up a right shoulder on he weekly. The right shoulder may take longer than the indicator has drawn, however so I've drawn my own next to it in white.
As confluence for this, the larger pattern began taking shape after a smaller one formed within its head.
The smaller inverted HS is already confirmed and is presently re-testing its neckline, pullbacks below failing so far. Its targets are 16% and then just slightly over 19% and just below ATH, should it hold after another test or pullback.
Targets for both:
The smaller HSi would confirm the larger one by reaching its TP 1 at 16%, and then holding above ~13.5% or so.
TP 1 as measured for the larger HSi on the non-log chart is 19.7%, or slightly above ATH.
Its logarithmic measured TP 1 is above ATH around 24.15%
Conclusion:
Altcoins may regain its prior ATH in market dominance, somewhere around 19.5%, and could approach 24-25%
Repeating Patterns May Lead to a New ATH for Alt DominanceAlt dominance formed something that looks a lot like an HSi with a very small right shoulder, which broke above its neckline and successfully re-tested, confirming the pattern and targeting 16.6%.
See the white drawn pattern and its white dashed neckline on the chart.
The same area of breakout and re-test from the smaller white pattern is forming another similar small right shoulder on a larger HSi as drawn in blue, with its neckline as the blue dashed line.
Should the blue pattern be a repeat of the smaller white one, and breakout of its neckline as well (note that it should as long as the white pattern continues up towards its initial target), it will target 21.8% upon confirmation and any successful re-tests of its neckline.
More related ideas for BTC.D and OTHERS.D in the Related Ideas section below.
This would suggest the possibility for a new ATH for alt dominance. For confluence, note that the halfway point towards 21.8% nearly equals the initial target of the smaller white pattern at 16.6%. And, rising green volume into the move.
Others Dominance v Bitcoin dominance --- may not give a new ATH ... for the cycle
Bitcoin could be so strong
That even though the others index ( aka shitcoins ) still do well from here.
Maybe they don't make a new high for this ratio.
As this chart shows -- last cycle
all the coins outside the top 10
peaked at 1 : 2 bitcoin.d
essentially the others.d was around 20% of the entire total market
bitcoin was around 40%
Eth was around 22%
(stables and the remainder of the top 10. made up the rest)
These targets are definitely worth keeping an eye on!
ALTCOINS An immense alt season is starting.The altcoin market cap dominance with its designated OTHERS.D ticker is rebounding after reaching the bottom of the Channel Up pattern that began on the December 2015 market bottom. A Falling Wedge was the pattern that drove it to the Channel's bottom as it did in August 2019. Following the rise at that time, a 1W Death Cross was formed over the Falling Wedge and that confirmed the uptrend with the 1W MA50 becoming the Support.
A new 1W Death Cross is only 2 weeks away from forming and that is an indication of a massive upcoming surge on alt coins, the infamous alt season. Technically there is no better buy entry than now. The next Halving will be on April 2024, less than a year away and the previous bottom was 280 days before the last Halving.
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Down to 5.5 and Lower or Back to ATH at 19.4Scenario A:
- Confirmed Head/Shoulders top, successful re-test and then down to 5.5%
- Likely headed much lower after losing the lower trendline of a long-term rising wedge, which has also been successfully re-tested and has continued down
- Possible because of two confirmed patterns and re-tests.
Scenario B:
- Unconfirmed Falling Wedge, which if it breaks up from will target ATH at 19.4% and bring us back into the rising wedge on pending a 2nd re-test.
- Double-top and then true exit of the rising wedge before heading much lower
- Possible because this behavior would be similar to the behavior following its previous set of peaks in 2017-18.
Inverse HS or Falling Wedge?Others dominance will make a decision soon:
1.) Bearish Head / Shoulders moving significantly lower
2.) Bullish Falling Wedge moving back towards ATH
Others.D OutlookIt is a possible long-term scenario for Altcoins. As we know, Crypto is made to enhance decentralization. Concerning the fact that when Bitcoin retraces, almost 99% of Altcoins follow it does not confirm its goals. Many of the Cryptos had completely different plans when Bitcoin started its winter. Unfortunately, some of them went bankrupt, some struggling, some unclear and some resilient still.
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.
USDT.D OutlookUSDT.D has made a descending pattern and cannot already tolerate above 6% range. Falls' phases expected by: 1st: 5.90% -- 2nd: 5.30% -- 3rd: 4.20%
oters dominanceothers dominance reached the TR lowest level and think its time for a long position in short term for valuable coins and tokens
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.
Altcoin DominanceAltcoin Dominance price at trend support line if hold than we can see good rally in altcoin from here.
OTHERS.D near resistance#OTHERS.D
Looks like Others Dominance is near resistance of parallel channel,also a fractal from 2017-2019 shows it is time of dropping altcoins. so I prefer minimize my portfolio and set tight stop loss.
OTHERS.D looks ready for strong moves on altAs we are seeing btc is moving strong and market shows retraces are over and they`re getting ready for the next ( real ) move
Alts/btc are going to celebrate !
this whole idea shows everything is going up till support Holds !
Other.d broke its resistance and pullback looks over , we are not predicting anything because this is not financial advice or target for any alt market this is just a idea that looks the future for this market
this well move till 2022 at least .
GOOD TIME FOR EXIT LOW CAPSLooks like OTHERS DOMINANCE is at resistance. I am gonna minimize my portfolio. I have very tight stop loss now (%2) on every crypto asset now.
BTC.D/OTHERS.D Comparison StudyAlts are in a much stronger position than many believe. Taking a macro view of BTC.D and Alts reveals BTC.D struggling to rise above the midline in a progressively tightening range while Alts enjoy being at the top of the range waiting for a breakout. BTC is being met with resistance, both from the midline but especially at the 64.25 level where the VPVR sits. BTC.D hasn't broken above it's upper boundary since JUJY 13, 2017!!! Alts are getting ready to do just that being way above support from the VPVR sitting at 6.67 and other levels. Expecting a nice breakout above the upper (and last) resistance line at 12.07 and continuing on to the ATH resistance at 12.58, confirming the inverse H&S pattern it's started on the WTF along the way with a right shoulder candle close above 12.18 to break neckline. That is an impressive 'V' shaped pattern showing a great deal of strength. It's only a matter of time until Alt season is in full swing and as strong as it will be I have no doubt we'll see many coins with 1000% or more gains. Enjoy it while it lasts. We are rapidly heading into uncharted territory, exciting times ahead!!! Alts ATH awaits!
Are Alts about to get a boost?We have few scenarios here, BTC is currently trading below its Support level as per Volume Profile, and same goes for ETH. BTC.D is also about to fall, indicating slight rise in either Dollar Index or OTHERS.D.
If the charts are right, and everything is following its Fibonacci range, we at ChainAssets.Capital are expecting BTC to fall even more and see a new Movement in Alts.
I wouldn't be too sure about major ALTS as they have already had their Fun, though it is highly possible that some of the major alts might be the reason for this further Push, I'd rather have my focus fixed on Shit Coins (Value less that $5).
For now, Looks like re entry in Alts is a favorable condition and we at chainassets.capital would recommend that you do not think much about investing in BTC and be prepared with Shorts on BTC.
NOTE: If BTC takes support from its current level, it will certainly be a good news for BTC holders and later comers, as we will again see some major movement in BTC and ETH.
If you have some positions in Market at Recent Highs, First suggestion would be of averaging out positions as much as possible. Secondly, if averaging out is not possible, then plan on holding your investments for a longer duration of time.
we at chainassets.capital wish you happy trading with this little insight. Feel free to comment your suggestions down below, and let's see if we can come on to a conclusion over market as a community!
Cheers!!!!
Moving Average Analysis - MCAPFrom these charts we can draw the conclusion that the chart 'OTHERS' is developing the separated three moving averages that can be seen on TOTAL.
A moving average pattern like this can last from months to years.
We can also draw the conclusion that Bitcoin is not completely connected to alt-coins and there is a disconnect between the two. Also we may see OTHERS excel above TOTAL, as it is clear that the chart is at a younger stage of development relative to the moving average structure.
Interested to see how this plays out. Remember, Diamond hands!!
