OTHERS.D trade ideas
Altcoin Dominance, Others.DHello
Continuing to answer the question of where Altcoin capitalization will go by the end of 2020, I would like to use the H4 and D framework charts
Currently, After a capitalization growth from 1% in 2016 to a peak of 12%, Altcoin has gone through 3 phases of growth and decrease, as follows:
Running 3 corrected waves from 12% to 4.7% in December 2017, wave A, span 2, frame D4, uptrend of capitalization, correction span to Fibo area 68.4%, hard fibo mark of wave II and difficult to overcome. this
Continuing 2 beats of wave B (Wave B complex running Flat), with a beat from 4.7 to 12 then down to 4.7
Currently, the last 5 up waves in wave B are corrected from 4.7 to 12 again. The period at the time of writing is that wave 4 has just been calibrated, now at rhythm 1 wave 5 this cycle lasts from now to the end of 2020.
Predict the future:
Short-term
Altcoin will rise continuously to the fibo mark above the top of the last rally, hit the target and go down. Refer to the article on the Channel
Mid-term
The market in early 2021 will have a very fast and strong corrective wave to 4.7 again, expected in February - March 2021, then very quickly regain growth and skyrocket to 22% and even high. more.
Long-term
Altcoin is in the longest bull wave ever in terms of capitalization, the market becomes more active and interested in Altcoin more, the market cap may peak at 40-50% of total capitalization. market
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All transactions need to place Stop loss, this article reviews about the trend, and for which trading codes you need to consider each chart.
Sincerely thank you
Cryptocurrency Going Lower... CorrectionHere we have the OTHERS.D chart... Looking bearish like the TOTAL chart.
Here we have higher highs and higher lows but with mixed signals...
First, big bear volume is coming in this weekend.
Change tends to happen at the end of the week because there are fewer people watching...
The whole game is based on the few taking money out of the many so the bots are programmed to move strongly when there is the least amount of humans possible watching.
Anyways... We have a bearish divergence between OTHERS.D candles and the MACD and RSI...
We also have prices moving below EMA50 which is a strong bearish signal.
This thing is about to move two levels lower...
Sounds like vacations to me. 😂😭
Namaste.
Altseason since September 2019Many of us look at the Crypto market on a daily basis, multiple times a day in some cases. What are some of your top used apps? Blockfolio, CMC, Binance? When you look at these apps so often, it's easy to lose sight of the big picture. It's easy to over trade, to get scared of volatility, to be shaken out of good set ups. I've been there before and I'll be there again, but I'm working on controlling those impulses better.
I was part of the FOMO crowd December 2017. It was easy money. I didn't know what I was doing, so I lost my gains and then some. I could have given up, but that's not my mentality. I chose to learn and in doing so, I learned about a possible future of finance. I learned about a new asset class. With the way the world economy is going, Cryptocurrency becoming a dominant force doesn't seem that crazy anymore.
I zoomed out to the monthly Others dominance chart (i.e. everything but Bitcoin). The altcoin market hit the bottom of the channel in September 2019 and has been trending up since. Yes the fiat value of cryptos have fluctuated and individual altcoins and altcoin categories (e.g. privacy, exchange, DeFi, gambling, IoT--the list goes on) are over/under-performing the market in general, but as a whole, altcoin dominance has been going up since September 2019. A few projects bottomed at that time: LEND, KNC, RLC, CRO, and RCN are the few I can think of (mostly Binance coins) and performed well. Many others have found new lows this past spring.
There will be corrections along the way, we're probably coming up on one in the next few weeks (The weekly RSI for the Others dominance chart is approaching overbought), but overall the trend is up. If the trend breaks, then it's over until a new bottom is found and a new trend forms.
If Cryptocurrency is bullish for the upcoming year or two, which seems to be the case when you look on the general attitudes on Crypto Twitter, then altcoins will again outperform Bitcoin. If you look at the previous Altseason, altcoin dominance went from ~1.5% Dec 2016 to ~11% Jan 2018. That was a 7 x on average. We know there were a whole host of cryptos that did 10-100-1000 x within that time frame! This two year long bear market has scarred so many of us, it's easy to not believe that the same gains of 2017 could happen again.
The key for this altseason is the same as last season: choose your players and know when to GTFO.
1. Pick real projects with real use cases. Projects that won't take your money and exit scam (e.g. Centra, Bitconnect, etc.).
2. Pick real projects with lots of hype (or categories with lots of hype): companies with active marketing campaigns and active social media accounts. I don't know if I really care about the use-case, but if there is hype that will draw a buyers who will turn to followers. Example: XRP, TRX, DOGE, and recently LINK. Those all have a massive community. They also have a community who hate those respective coins. Don't love or hate a project. If it'll make you money, then don't let your personal opinions cloud your objectivity.
3. Don't marry your bags. Don't let greed overtake you. Don't be a bag holder.
4. ...But, marry your bags for a bit. It's cliche: let your runners run. Take partial profits at levels you think are reasonable, but don't fully exit. I bought BAND at the bottom and it went on to 5 x from where I sold it. Oof. I believed in BAND as a project but I chose to exit.
5. Take responsibility for your choices and actions. No one is forcing you to buy a 50% green candle and no one is forcing you to hold. If you follow shady characters on Twitter shilling a bag that has already 10x'd then that's on you as to whether you follow their "advice".
6. When everyone and their dog is making money in Crypto, when CNBC is telling you how to buy XRP at $100 a coin, and when the greed index is nearing 100%, consider cashing out and book profits. Buy fear and sell greed.
Almost every altcoin retraced their gains of their epic runs. Many have even made new lows. Even the most legitimate projects gave back their gains. The market doesn't care how good you think your Altcoin is. The market doesn't care about your hopes and dreams or how much you've invested. It doesn't give a flying f*ck who you are. People are on the other side of the screen waiting to take your money. Take theirs first.
PUMPS Everwhere, are we in ALT SZN just yet?Unless you are salty because you are missing gains; it looks clear that the Altcoins have been steadily gaining momentum for some time.
HOWEVER,
Some will disagree because they are simply missing out on these moves and because it is unlikely that we will have an Alt Szn where everything pumps just as we did before because people are buying smarter now and with the current economic situation no one is stupidly throwing money around- there have been enough -100% return IPOs/SCAMS and Pump and dumps for people to have learnt their lesson- we might be in an Alt Szn but not the one where every single shitcoin pumps- we may never get that. Accept it.
-Megalodon Whales (Rahim)
As usual enjoyed charting this for you, you are welcome to share your ideas below :)
COINBASE:BTCUSD COINBASE:ETHUSD CRYPTOCAP:ETH
OTHERS.D - Macro FuelBiased of course, but a lot of bullish potential here. Possible inverted H+S, breaking trendlines and resistance, momentum, RSI not been oversold, volume rising. Possibly new bull started back last fall, if this gets a little more confirmation to be sure. Obvs this chart is an abstract mess and should be broken down into isolated parts, but this is a rough view of a few items to watch. Closest way to trade this is probably Sh*tperp , unless you know how to either trade or diversify small caps, which is NOT easy to do. Overall, think this is also bullish for BTC and majors in terms of TOTAL USD capital influx. More fuel. High Octane.
Altseason is starting. Load your stocks PMA XDN NPXS DTA EXPAltseason is starting. Load your stocks
Yes folks, the long-awaited time has come.
It's time to fight and rush to buy Altcoins.
Don't fool around, buy low coins
here are the tips with big strong profit guarantee
the tips with big strong profit guarantee
1-Pumapay - PMA -
big strong profit guarantee = Level AAA +
2-Digital Note - XDN -
big strong profit guarantee = Level AAA +
3-Pundi X - NPXS -
big strong profit guarantee = Level AAA +
4-DATA - DTA -
big strong profit guarantee = Level AAA +
5-Expanse - EXP -
profit guarantee = Level AAA +
6-Game Credits - GAME -
big strong profit guarantee = Level AAA +
7- Spend - SPND -
big strong profit guarantee = Level AAA +
Altseason is starting. Load your stocks PMA XDN NPXS DTA EXP Altseason is starting. Load your stocks
Yes folks, the long-awaited time has come.
It's time to fight and rush to buy Altcoins.
Don't fool around, buy low coins
here are the tips with big strong profit guarantee
the tips with big strong profit guarantee
1-Pumapay - PMA -
big strong profit guarantee = Level AAA +
2-Digital Note - XDN -
big strong profit guarantee = Level AAA +
3-Pundi X - NPXS -
big strong profit guarantee = Level AAA +
4-DATA - DTA -
big strong profit guarantee = Level AAA +
5-Expanse - EXP -
profit guarantee = Level AAA +
6-Game Credits - GAME -
big strong profit guarantee = Level AAA +
7- Spend - SPND -
big strong profit guarantee = Level AAA +
Alt Seasson in Play - Bitcoin should underperorm most alt coins.While BTC has been the dominant crypto-currency in both capitalization and percentage growth, we expect this to change in the short term, or the so-called "alt season" appears to be in its very early stages. Bitcoin's dominance registered a temporary high near 73 and we are now likely headed back towards the prior fourth-wave low of 52 (chart 1). Meanwhile, alt's dominance likely completed a downside correction near 5 and it is now headed to new highs in wave ((5)) - a terminal move. During this wave, we expect many of the altcoins to outperform bitcoin. If prices are rising, alts should rise faster than bitcoin and vice versa.
Tip: The coins with the largest cap usually have the highest liquidity, which is key if you want to trade the market. What good it is if you have a winner but cannot liquidate your position. Coins with a market cap below 100 million USD are not advised.
Disclaimer: This is not trading advice! I am merely expressing my opinion, utilizing the Wave Principle as my main tool. You should always do your own research before risking your hard-earned money. The opinion expressed in this post is for educational purposes only!
Alt season is here...Looks Like The others Dominance is going to increase. Coinbase News and the other exchanges adding good projects like DGB in their trading platforms could be the motivation.
Ready for Altseason?Chart which include only Altcoins dominance is bullish.
potential Bearish Cypher Pattern.
We are still in Uptrend.
Do not forget to check out our Active altcoin trades ! :)
OTHERS.D: Inverted head and shouldersOTHERS.D: Inverted Head and Shoulders
The market capitalization of other cryptocurrencies in%
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Waiting for your comment, what do you think about this?
OTHERS.D - Sh*tcoins dominatingRisk-on sh*tcoins leading crypto as the Btc halving nears. OTHERS looking strong. This chart looks like a pivot breakout. Or is it overbought and at the top of a range? Place your bets.
several technical reasons for growth 📈I forgot to mention altcoins in my Bitcoin forecast.
1.First og all, it’s worth to note that the monthly Bitcoin chart indicates a rapid growth, which means that in general the market segment will grow
2. altcoin dominance chart looks bullish too and technically we have:
1. confident rebound from a strong support zone ✔
2. H&S pattern ✔
3. possible pennant pattern ✔
4. expanding formation ✔
5. crossing MACD.
so everything looks pretty bullish for low cap altcoins. 🚀
thanks for reading it, drop a like or comments and check my monthly forecast for bitcoin
DEATH CROSS SOON ON ALTCOINS DOMINANCEthe top 10 alts excluding btc seem to experience a death cross soon. Death cross is always LAGGING, meaning that when it happens, the movement most likely already occurred (otherwise that would not be a death cross). Note that this is not a real death cross as the 200MA is positively sloped. Anyway the 50 one will likely go below it, after it breaks below the 100 as it is doing now.
What does it mean? The dominance decreases, meaning that they lose market share compared to btc: if it goes down, alts go down more. Can they go up less if btc increases? No, mrkt dominance for alts decreases only in bearish times, as when btc goes up it remains steady or increases due to euphoria on the crypto world. This reinforces the previous idea (linked below) of an imminent retracement.
