OTHERS trade ideas
Total3 Altcoin marketcap 1 week (Others)Total3 Altcoin marketcap 1 week
line 1 week weekly
altmarket bull run
go 2024
others eu
ETH Can Outperform BTCSince the start of September, bitcoin is doing better than other cryptocurrencies, which is not a surprise since we identified end of a five-wave cycle up from June lows. Well, this five-wave cycle is bullish for cryptos; but a trend that may resume after A-B-C down is completed. For now that's not the case yes, but when this ratio will start moving up, that is when crypto bull run can be back. For now, however, there is room for more weakness until we reach wave C projections, at 61.8%.
Ethereum is also still in a corrective phase, with room for more weakness after B rally.
From the price action I see, I assume that ETH can do much better than BTC once the crypto market will turn around. But for cryptos to turn we will also need stocks to stabilize and USD to come down, which will depend on FEDs policy decision.
Hawks should slow down a bit for trend to change.
Trade well,
GH
Update to 1T TargetThe target mentioned in a prior post from May 2020 (see related idea) remains unchanged.
I get it, economy dead, dollar steaming ahead, stocks going to zero, banks bust, war, food shortages... Why would altcoins do well here? I don't have the answers unfortunately. However, looking at this chart in isolation shows potential for one last push higher towards the initial target of 1T.
There are alternatives sure, this is just one option I'll be looking out for and confidence increases with the break of 165B, a higher high on the lower timeframe.
The two corrections (2, 4) fit quite well, wave 2 being a sharp, deep expanded flat and wave 4 a zig-zag retracing 38% of the third.
Note: this doesn't have to be correct, and there is potential for a lot of downside. This idea shouldn't be considered as a good reason to buy altcoins. Risk is high.
Good luck out there!
OTHERSThe OTHERS index is at valid support in the daily time frame and the downward trend is still stable. In the 4-hour period, a descending channel has formed and shows the first scenario of the fall. If the resistance is broken, we will see growth up to the top of the channel.
#OTHERS
OTHERSOTHERS is in demand and growth potential. It may have some reductions in the short term, but with a resistance break and stabilization, it can lead to a 10% growth, and I am waiting for stabilization to enter Altcoin trading with a low marketcap.
OTHERSIt looks like it wants to test the lows once again and could start an upside rally if it holds support, but if it fails to hold support, a massive crash and destruction of the smaller altcoins is certain. Be careful trading on them
OTHERS MCAP - Plotting for the Future OTHERS MCAP is forming a large channel flag formation
While it is in its current bear state a lot of small alt coins will suffer
This bear state is accompanied by its partner bullish wedge
Plotted price action is just assumptions being made
OTHERS.DDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
OTHERSDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
Altcoins Growing 2-5x (200-500%)The Altcoins index (OTHERS) is coming out of low and getting ready to grow... Altcoins season?
We see a 100% rise incoming within the next 6-8 weeks.
This fact can push the altcoins 2-5x higher...
We are talking about the Altcoins vs Bitcoin (ALTSBTC) and Altcoins vs Tether (ALTSUSDT) trading pairs.
It will be a nice wave.
Think back to March 2022.
Namaste.
OTHERS - Above 3.618 Similar situations in yellow circles
The first yellow circle led to a MASSIVE increase in the altcoin market cap
Will we see similar increases with the second yellow circle? which is comparatively in the same spot, above 3.618
RSI is going to touch HISTORIC trendline. Look at last timesWhat happened each time the RSI touched the historic trendline?
ALTCOIN SEASON BABY!
It's not far. Weeks maybe a few months!
Dividing marketcap for OTHERS vs BTC marketcap.
IN TERMS OF ALTCOINS ..!Are we losing the major and last support?
Or it's likely gonna push us up for a while?
Look at the RSI level..! we've never been this low since December of 2018...
OTHERS - Consolidation/volume coming in soonSave for later.
flag pattern forming volume coming soon back in.
consilidation for now.
OTHERS.DDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
Total 'Others' Chart. Similair with Covid Crash 2020Also seen in my previous post, this time zoomed out. 'Others' chart with a lot of similarities during the covid crash in 2020.Take a good look at it and judge for yourself ;)
SIGNS OF CRYPTO BEAR MARKET BUT WHEN IT WILL END?If this will resemble previous crypto season like 5 years ago, then the accumulation tends to end in late 2024 or early 2025..
First trendline breaks, then accumulation phase begins.
OTHERS - CONSOLIDATION OR JUICY DIPS?Crypto twitter fudding to 20K and now moon time 100K.
Crab mode? consilidation still going?
OTHERS.DDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
Total OthersTotal Others Analysis
Time Frame 1M, 1W
Support and Resistance
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In Chart
OTHERS - SLOW BLEED OR CONSOLIDATION?OTHERS needs to bounce here and otherwise next level on the trend line. Possible that this was a hopium bounce and we turn into a downtrend again.
The growth of altcoinsThe Others index is completing the fifth wave of the Elliott five-wave uptrend, and it looks like Altcoins are set to see significant growth soon.
