OTHERS.D trade ideas
ALTSEASON ARRIVAL?? Must read post, Don't skip.!!Pinpointing the exact start of a bull market or altcoin season can be challenging, but there are key indicators to watch for:
1. Bitcoin Dominance-
Decreasing Bitcoin dominance: This suggests investors are shifting their focus from Bitcoin to altcoins which is generally determined by BTC.D.
2. Altcoin Performance-
Outperformance of altcoins: If altcoins start to significantly outperform Bitcoin in terms of price appreciation, it could be an early sign of altcoin season. This is generally determined by OTHERS.D.
So, let me give you detailed explanation on Altcoin performance by analysing OTHERS.D chart as it is not possible to go through both in a single post.
OTHERS.D represents the total market capitalization of all cryptocurrencies excluding the top 10 by market capitalization. Essentially, it's a measure of the dominance of altcoins (cryptocurrencies other than Bitcoin and the top 9) in the overall crypto market.
Why is it important?
Altcoin Season Indicator: A rising OTHERS.D often correlates with an altcoin season, indicating a shift of investor interest from Bitcoin to smaller cryptocurrencies.
Market Sentiment: The chart can provide insights into the overall market sentiment towards altcoins. A rising others.d value indicates that money is flowing into altcoins, potentially signaling an altcoin season or increased interest in alternative cryptocurrencies. Conversely, a falling others.d value suggests that Bitcoin is gaining dominance over altcoins.
Technical analysis:
OTHERS.D chart is trading between this channel since mid 2017. The movements within this channel have marked two significant altseasons. Currently, the level is touching the bottom of this channel which generally indicates the arrival of altseason.
Trend Analysis:
This chart includes three color-coded vertical lines and three distinct phases:
Vertical Lines:
Bold Blue Vertical Lines- Represent BTC halving dates.
Green Vertical Lines- Indicate the arrival of the altseason and the end of the bear market.
Red Vertical Lines- Signify the arrival of the bear market.
Phases:
Accumulation Phase
Altseason Phase
Bear Market Phase
Observations:
Post-Halving Trend: Following each BTC halving (marked by blue lines), there is a downtrend in alts dominance until a green line, signaling the start of the Altseason Phase.
Altseason Phase: During this phase, the dominance moves to the top of the channel, forming a double top that confirms a downtrend.
Bear Market Phase: Represented by red lines, indicating the arrival of a bear market. During this phase, the dominance drops to the bottom of the channel, retesting the 100 MA. The end of this phase is marked by a green line.
Current Situation:
We have recently experienced the fourth BTC halving and are currently near the bottom of the channel, indicating the search for the green line and the impending arrival of the Altseason Phase.
Summary:
The historical pattern shows that after each BTC halving, there is a downtrend in alts dominance followed by an altseason marked by a green line, then a bear market phase marked by a red line. This cycle has repeated historically. Presently, after the fourth BTC halving, we are close to the bottom of the channel, suggesting the upcoming Altseason Phase.
Thanks for reading the post patiently.
Happy trading!!
OTHER.D Bouncing off a key trendlineTHIS IS IT
THIS IS WHAT YOU HAVE BEEN WAITING FOR THE PAST 3 YEARS.
#ALTSEASON
IS UPON US
As Raoul PAL says Don't F**K This UP
WE HAD the pre party PUMP
NOw is the real deal
(caveat it may not fulfil your expectations so we must take what we can get)
Altcoins explosion seasonIt became around 20% at a certain point. I do expect more this time when i see some rubbish in the top10 and weaknesses in ethereum and higher fees in higher prices. It’s in a perfect time to accumulate .Pack your bag and be ready to take off .
Dyor lads .
OTHERS.D - "V" recoveryAt this moment the "V" recovery suggests a strong buying impulse, but it is necessary to monitor resistance levels to confirm whether this recovery can be sustained, it should exceed 10.34%. Overcoming will we start the expected altseason??
The OTHERS.D chart represents the market dominance of altcoins, which are all cryptocurrencies excluding the top ten by market capitalization.
This chart shows the percentage of the total market cap of altcoins in relation to the total value of all cryptocurrencies, indicating the relative strength of altcoins in the crypto market.
The chart shows a descending trendline (marked in orange), indicating a series of lower highs. This line acts as a dynamic resistance.
The "V" recovery is visible on the chart, where the price falls sharply (forming the first leg of the "V") and then rises equally quickly (forming the second leg of the "V"). This is a reversal pattern characterized by a quick and strong recovery after a sharp decline.
The rapid drop indicates a massive sell-off, followed by a quick recovery, which suggests a sudden return of buyer interest.
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.
Other stuff.Some have noted that the rebound has already occurred.
But the chart reflection on my screen shows that there is
a small margin to test the lower boundary of the expanding structure.
The best thing would be to get a hairpin in the next three weeks
and then start rising from the lower boundary.
Others.D (AltsCoin dominance)It Exactly hit the trendline of parallel channel with a wick and closed above trendline in weekly as well as monthly chart
Pump from this level will lead a massive Alts season
Alt Coin analysisAlt Total Marketcap weekly timeframe analysis based on fundamentals and historical price action.
AltCoin - Bullish potentialThis is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
There is a higher probability for the AltCoin market to rise rather than fall. Currently, it is facing a resistance level, which, while not major, is significant due to the presence of a trendline. This trendline indicates potential market behavior and suggests a likely direction for future movements.
Why we maybe about to see ALTS revived....A Surprising structure
This is the OTHERS.DOMINANCE chart on \ MONTHLY scale.
Altcoins Dominance — Index Chart - TradingView
Crypto Total Market Cap Excluding Top 10 Dominance, %. OTHERS.D Crypto Market Capitalization. OTHERS.D
I have marked the Bitcoin Halvings and ATH also as a marker and we have a number of very interesting things to note.
Lets start at the beginning.
ALTS first came into being in 2011 with Namrecoin and Litecoin. This is how we manage to have the OTHERS.D before Ethereum was created in 2015. Many think ETH was first, it was not.
We shold pay attention to the Gashed horizontal line going across the chart. PA rose above this in early 2017 and has remained above it ever since. In fact, this line has acted as support 3 times previously and is currently acting as support to the PA Right now.
This cold lead to the ALT recovery we need right now.
BUT, also take note of the day Spans of A - B and Aa - Bb
Span A is from the BTC ATH to the next Low on the OTHERS.D PA, From that Low, see how it rose Through the BTC HALVING ( dotted yellow line) - This is span B.
See how it Dropped down to the line of support and then Rose and created an ALT Season
Now Look at Span Aa from the Nov 2021 BTC ATH. We have a VERY similar day count to when OTHERS.D returned to the line of sippport, where it once again, bounced up and begins the Span of Bb.
But this time, when BTC Halving came in, OTHERS.D PA has Dropped sharply, earlier than last time. This is very likely to be because of BTC.D and the Long Term Holding, Buying of Bitcoin for ETF's and the Sentiment.
So the real question now, is will OTHERS.D PA Bounce as previously or will support fail
And for that, we have to wait and see.
It is worth noting that ALTS is a massive market and while the Dominance maybe falling, we can still see some ALTS like Solana Race to the top with 1000% Gains.
This chart is a Long Term Gauge of where the marklet goes and it should also be nothed that Bitcoin has reached ATH while this PA also rises.
ALT.D UPDATE 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
Alt season starting soonAlts touching long term trendline on weekly, probably a bounce will happen. RSI and MACD looking good.
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.
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.
