Fed Rates and its impact on the MarketJust a light reminder where it all goes, was a bit sleepy, but hopefully provided a helpful data.
Describing SP500, BTCUSDT, ETHUSDT mostly on Weekly charts.
OTHERS.D trade ideas
You have not seen the real ALT SEASON yet! Soon....The real alt season has not happened yet. Alt dominance runs A and B were just the appetizer. You have missed nothing yet. Dinner is about to be served. :)
2023 and Beyond Alt Season Cycle Road MapUpside to BTC is limited. Once Alt dominance bottoms in B cup and touches black trend line, alts will take off. But the real fun doesn't start until cup C where BTC and Alts go up at the same time.
Dominance of other currencies seems to be decreasingAccording to this analysis, the dominance of other digital currencies is decreasing. This means increasing the dominance of Bitcoin on the market.
If the future events are based on this scenario, it is expected that the dominance of others will decrease to about 9% and from there the alt party will start and the dominance of others will increase to the range of 12.21%.
The time of chart is weekly and as it has been specified, the 200 moving average chart has broken downwards.
If we refer to the history of the chart, we can see that in similar conditions up to 25% below the breaking point of the 200 moving average in the weekly time frame.
Strong Long others dominance is about to complete last correction wave in 4h chart , RSI is over sold and I think after a divergence (maybe in this week with daily RSI in 19) it could goes up as I mentioned
The ALTS is ready for a push up .The altcoin market has been in A B c correction for over a year and now is ready for a push up .
ALT SZN prediction possible play Others.Dominance or Alt.Dom have historically proven to follow the pattern which with time has formed a clear "rising wedge".
Some things we can identify from this analysis
-We have defined a clear top and bottom by confirming 2 points up and down.
-As of now, we have broken the support of the trend but keep in mind Others.D is just basically an index of how altcoins are growing and how much money is being poured into altcoins so it is only bound to go up as it is not a stock or commodity that should be volatile.
- Corona and the crash from 2017 were proved to be the worst events happened in crypto as shown in the chart.
My prediction: We are bound to go to a 38-53% Alt dominance market in the near future 2024 looks likely or by 2025 with AI impulse narrative. This will trigger a major bull market in the near future. This is one of the most important indicators to follow up and stay updated.
shedding or correction?As you can see, after breaking the trend line, the market will become bearish. which may be a fall or a correction but we will have a strong resistance at 11.26
ALT SEASON FOR 2023With the failure of the 11.8 resistance in the dominance of altcoins,
now after the completion of the pullback
, we expect to see a new season of the rise of altcoins.
Altseason incoming?Looks like a breakout from a falling wedge, that has been relevant since may 2021.
Could still pull much towards 9-10 % (just a maybe) retesting and confirming the breakout.
If this happens we could be looking at a new altseason.
sk system turning areas there are 3 turning areas as seen in the pictures below
first BC It is between the four Fibonacci levels 50/67 ....
Target c The point at which the sequence is expected to end... and its location depends on bc
wcl >sequence reaches it and then returns to continue on its way
The possibility of altcoins fallingAs shown in the figure. Altcoins will have a correction if the ceiling of the channel is broken
Beginning of each year on altcoin dominanceEvery first weekly open of the year = blue vertical
Major horizontal resistance/support = Pink horizontal
Major diagonal support = Red diagonal
OTHERS.DA decline is expected for the shaded area, and thus the decline in the acquisition of alternative currencies is complete and a bottom is formed for it, and in return it strengthens the percentage of Bitcoin acquisition
ALTS DOMINANCE - RSI wayyyy OVERSOLDSince 2014, what happened each time the ALTCOIN dominance RSI was so low?
It marked a bottom in ALTS every time!
The risk / reward ratio of holding ALTS vs BTC is absolutely incredible right now!
My money is on ALTS outperforming BTC in the next couple weeks / months.
A possibility about the final bear movement...Others.DOthers dominance graph has been working very well since 2019.
Red declining line has been confirmed 2 times (2021 summer+mid2022).
But this time, after the ftx issue, it seems to be broken down.
After a possible confirmation, it's likely to go down to the possible return point of 7.66%.
Additionally, it seems that we have a HS pattern formed (but not confirmed clearly yet) which has a final target of ~6.5%
If the confirmation formed, my game plan will be kind of like this.
ps: Just a humble idea of a possible movement.
altcoin dominance others 1 weekaltcoin dominance others
1 week line
altmarketcap dom. btc others
bull run
Could this be the BEST time to buy ALTCOINS?Keeping an eye on the OTHERS DOMINANCE is critical to know when ALTS will start mooning again.
It's no surprise ALTCOINS have been doing very poorly vs BTC and ETH in the last months.
Eventually ALTS will find a bottom and the dominance will start rising again.
You see we currently on support and we have a weekly bullish divergence.
Two BIG clues about the future of ALTS for the next couple months!
Others.D vs ETH.D & BTC.DOTHERS.D rose from a solid 1% in 2016 to 12% in 2022, while ETH.D only rose from 8% to 19% and BTC.D declined from 96% to 41%. Therefore, we can clearly see the imminent growth potential of OTHERS.D vs ETH.D & BTC.D.
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.
Others dominance NostradamusAs the crypto hype ramps up in the rest of the decade the market share of newer projects increases.
Here is Why Some Altcoins Will Go ParabolicFREE MARKET UPDATE
- Yello, ladies and gents
One of the charts very few traders know about is OTHERS.D.
This chart shows the dominance of coins, excluding Bitcoin and major altcoins with a high market cap.
If you properly analyse the chart, you can clearly see that some fundamentally and technically powerful ALTCOINS will have some decent recovery in the upcoming weeks.
If you are managing your portfolio with care, you will soon start experiencing gains like in a full bull market again!
🔻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.
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