Alt season starting soonAlts touching long term trendline on weekly, probably a bounce will happen. RSI and MACD looking good.
OTHERS.D trade ideas
OTHERS.DIn my opinion, altcoins are much more attractive than bitcoin from now on. Wave 2 of wave 5 has been completed. For wave 3 of 5, I expect most altcoins to experience growth of at least 200% to 500% in the next 6 months.
A disappointing #Altcoin season? Maybe! OTHERS.d/BTC.dMaking gains in #Crypto has gotten harder and harder with each passing cycle for the vast majority of participants.
That is an unquestionable truth that I see and hear from people.
#Bitcoin itself is in it's 4th Hype cycle... which is bearish
2013 Mt Gox ponzi cycle top/collapse
2017 Eth/ICO craze, CME futures. CNBC XRP shill top.
2021 Uniswap/DEFI innovation , Elon doge /Coinbase IPO top.
2024/5 Memecoins craze --- topping signals are already appearing Andrew Tate / Iggy Azalea at NYSE. A Trump Election Win could be the final nail in the coffin whilst ppl celebrate the news and January 2025 Inauguration may seal crypto's fate.
The left translated 4 year cycle is a definite possibility as made popular by #BobLoukas
We know that retail investors are rejecting High valued VC backed projects and rather take high risk gambles on #Memecoins for a chance to be early... this is not bullish behaviour obviously!
As only a tiny percentage of people can win at that game and often it is not YOU!
Once that speculative capital & energy is rinsed many people will be left holding a worthless bag of tokens.
#Leverage trading destroys many people's lives
And a digital store of value whilst has obviously it's merits is unlikely to flip #Gold in marketcap imho
It cannot compete with a 5000 year history of storing wealth for generation to generation.
I can bury Gold coins in my garden and dig them up in 50 years knowing full well that they will have value.
Would you do that with a trezor? Lol.
So what do we do ... try to take advantage of the next 6 months and rotate S coin profits into
#Stablecoins and maybe a small allocation to #PAXG #XAUT (buyer beware on those gold backed #RWA coins obviously)
This should buy you enough time, to let you assess the fallout of any top that may occur this Christmas/new year.
Remember many people and especially the Bitcoin community will be partying and celebrating the 15 year journey of a $100k plus BTC.
You must avoid being sucked into that hype and cash in a good chunk of your crypto portfolio IMO
This is just a scenario I give to you ... and not a prediction ofc.
We are trying to predict the future irrational behaviour of humans, an almost impossible task. But as the wall St cheat sheet demonstrates speculative bubbles, generally do repeat often enough for us to try and capture profits from them.
So we watch and wait, place our bets and see where the chips may fall, one foot in and one foot out is my general kind of viewpoint of how most people should be thinking at this stage of the cycle.
Alts about to flourishExpecting a big bounce now.
Red lines in accordance with FibExtension-Levels.
10D stoch RSI crossover about to happen.
Altseason coming.
Others.D (AltsCoin Dominance)Trading At The Bottom Of Parallel Channel,
Pump From This Support Will Lead A Massive Alts Season.
Alt season?Again, talking heads are saying it’s alt season. The charts, such as “others.d” and “Btc.d” do not support this theory. They show the very real chance that bitcoin exerts dominance up to 90%.
Alts on major supportIt's kind of a now or never moment for alts (OTHERS.D)
Currently testing a major support that needs to hold. Last thing we want is that dominance re enters the ascending triangle..
$Others.D BullishTo Much Fud out there look at the chart. Inverted head and shoulders, currently sitting in right shoulder. Wave 4 bottom setting in. Wave 5 is due ⚠️ 📢 🚨 ⚠️
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%
Now up we goThere was this wick from a previous meltdown (13/4/24) and as you probably know wicks get filled sooner rather than later in order to move forward.
Some take a long time to get filled and some other and especially when it comes to altcoins which are super vulnerable to sudden BTC swing get filled really soon
This was the case today. A simple ~3% dip for BTC and a spike to its dominance as people exited their alt positions and rotated to BTC was enough for the perfect flush.
Are we done? Expecting more volatility but I think we're done with it. Funding rates have also been reset, so back to normal in a while. Probably...
Stay safe out there
Far from a real alt seasonOthers.d is stuck in this channel. Random coins pumping every now and then doesn't make in an alt season. Especially when those are meme coins.
BTC.D is on the rise, and the ones that suffer the most are id/low cap coins, hence ones outside top10.
Expecting BTC.D to rise up to ~60% before. Then and only then there will be a swing and we'll be able to see alts true potential.
Until then...patience.
Altcoins might bounce sooner than later.It's no secret that when BTC runs focus is on BTC and BTC alone, at least in most cases.
People sell their alts to un the BTC wave and when they feel they want out, they go in USDT or any stable of their choice, but not back to their alt position.
Hence alts suffer...their collective dominance drops significantly and while fundamentally strong ones recover many of them don't.
For some time now OTHER.D is battling with a very crucial support level. If they turn this support into resistance much lower prices are ahead of us.
And while everything looked terrible for alts and BTC.D kept going higher and higher the first signs of positive news for altcoins might be around the corner.
Although not a big fan of RSI indicator many times especially when it comes to bullish and bearish divergences this indicator is spot on.
Although it's not yet confirmed a H4 candle closing below the orange line would be the first positive news for alts in a long while.
ALTCOINS WILL REKT 10.81% .D . perfect buying ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
Cyclical nature altcoin dominance chartUsing simple support and resistance lines, this chart predicts a major move up.
#altcoins' dominance matters!#others chart (#altcoin market cap excluding top 10 #alt) is showing severe weakness. Even more low cap and mid cap altcoin price correction continuation to minor altcoins seem necessary in a few months. Not financial advice.
📈 How To Know Which Altcoins Will Grow And Which Ones Will MoveOk. There are tens of thousands of Altcoins trading pairs and this is the reason why it is obvious to consider each pair individually. There is no point in making generalisations because there are just too many of us.
Some people can have a 1-3% stop-loss while others can have a 20-30% stop-loss. A correction can affect very different an investor, a long-term trader, a day-trader, scalper, futures trader and so on.
Some will go down while others go up but there is a way to identify exactly at which point in the cycle each pair is currently at.
As always, I am an open book ... and I am sharing my experience, wisdom and knowledge with you. I am sending you LOVE! ... Know, that I love YOU!
Ok, let's get started!
➖ How do I know if the trading pair that I am interested in is likely to move lower or higher based on the current market situation?
➖ How do I know how far down a pair can go in this correction?
Let's start by saying that we can't know for sure and thus we are only going to be making some approximations. We look at the pairs that are more advanced within the current market cycle and whatever they are doing the rest will do the same. This is the method we used to find the main resistance levels on the way up for the previous bullish wave and the method I used to find the main support levels for the current bearish wave. It is the same method I will use to predict the next set of targets when the next bullish wave comes in a matter of months.
The majority of the Altcoins (we are talking about USDT pairs here), hit a low around September/October 2023. All these Altcoins went ahead to produce a very strong bullish wave. This wave peaked late 2023 for many, many Altcoins —some of the smaller ones that many of you are not looking at, while others continued through 2024 and present day.
Now, some pairs grew between 2-3X while others grew 10-15X.
The correction potential for those that grew between 10-15X is much stronger compared to those that grew only 2-3X. Cardano is a great example; while some other projects (like Solana) have to move much lower, Cardano doesn't have much lower to go or the bottom might be already in. Might be, there can be another drop but just to give you an example.
Another example is XRPUSDT.
This pair potentially bottomed while some others still have to go through the whole corrective phase. Now, and this is the hard part, many pairs are in-between their correction and these are the ones that I want to expose to you.
Say the bullish wave is over, Solana (SOLUSDT).
👉 The correction is likely to end around the 0.618 - 0.786 Fib. retracement range for the entire bullish wave.
We can be talking about a bullish wave that lasted 300 days or 30 days, makes no difference at this point.
We plot the "Fib Retracement" tool with the value '0' being the last high, this is the price that hit early 2024 or late 2023 for most pairs. The next value, '1', should be plotted at the last major low before the bullish wave; the bearish cycle bottom. Doing this will give you the Fibonacci retracement numbers for the entire bullish wave.
If you find a pair, using the weekly timeframe, where a wick or candle pierced through these levels, you can feel sure that the correction low is likely in. If it isn't in, then one more low and that's it.
This low won't necessarily lead to a straight up arrow as the next bullish jump. If it does, it would be a wave five of a bullish impulse leading to a major correction then higher low before the bull-market takes place.
Now, the general scenario that is likely to develop on most chart goes as follows: A drop in the above mentioned range, then an accumulation/consolidation phase forming kind of a cup pattern, can last 2-4 months and then the action starts going all the way through 2025 and new All-Time Highs.
The correction cannot be avoided.
We have a long-term triple top.
Leave a comment with your support, sending me some love and some questions.
Namaste.
OTHER.DAccording to the existing structure in the 3-month time frame, it is expected that in order to complete a high-grade pattern of the neutral triangle type, further correction will be required up to the range of 8%-10%. The structure is expected to see an upward movement to the minimum range of 18%
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Both markets have their unique characteristics and risks, but they also present tremendous opportunities for individuals to grow their wealth and expand their financial knowledge. Whether you're interested in the technological innovations of crypto or the global dynamics of Forex, these markets are constantly evolving, providing endless possibilities for those willing to explore and take calculated risks.
So, buckle up and embark on an exhilarating journey in the world of crypto and Forex, where innovation, wealth creation, and financial adventures await! Remember to stay informed, manage risks wisely, and embrace the thrilling ride that these markets offer. 🚀💰🌍 #Crypto #Forex #Investing #Finance #Opportunities
Others.D v USDT.d --- Shitcoinz v Stablecoin ratio inv H&SPretty simple ratio to keep an eye.
Others is the crypto index minus the top 10
So our blessed Shitcoins
Pulled up this ratio today and what do you know
we have a inverse Head & shoulders that will help us for profit taking levels.
Best of Luck
ALTs to run hard into April / May is what I have been calling for.
So maybe we get to the linear target
.... Pause....
And then finish the job end of the year.
best of luck.
Altseason about to start! Evening fellas,
We can't control the market, unless you're one of the fortunate ones...
But we can follow the wave and right now it means up!
Trade thirsty, my friends!
