Anoinvest

ALTSZN 2020 as BTC dominance drop is accelerating !

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW)
Hello Anoinvest ´s ideas followers bulls, bears & newcomers

In my previous idea I tried to point out how reaching of certain low point of Relative Strenght Index can speed up the drop so lets make a review. I´m not much into text walls but from time to time I like to take a lookback on my older charts to take further and deeper experiences from my fails and gains but fails are giving me the most I guess. (You should see my messy crazy not published private ideas ha-ha) and I also would like to thank to all of you for 5000 Likes you gaved me as it is pushing & motivating me to share and publish public ideas with you more frequently

I had some free time and very good mood to pump up and motivate others today
so

LETS START :)

In the left side of the screen we got bigger picture for tracking of the Rising wedge pattern Filled by main Wave1 - Wave5 and break down of the pattern

But if you take a look on the right side of the screen you can realize how things are starting to speed up. Not many of "TOP" publishers if any of them were concentrated on this because if they would. They would told you when the "ALTSZN" starts as it is related with BTC .D a lot

I did or at least I tried to

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BTC-dominance-reaching-top/
Alt-season-is-here/
When-in-doubts-Zoom-out/
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Previous tracking of rising wedge
**before the break out with expected waves for bigger A-B-C EW correction


Well back at the right side of the screen:
We lost 4.5% in 10 Days after the breakdown from the pattern "only" because not many traders/publishers/retailers even realized altcoins are really about to wake up or didnt believed it but but algos and whales did


Well thats because we are possibly in HOPE stage thats where green candles and "TAKE OFF" happens
That´s where "smart money elite whales" buys


Now things are speeding up and guess what ?!
When everyone and their taxidrivers talks about altcoins again ( We lost we are up on some of them 100-400% allready
( Bitcoin lost 3.3% of its dominance in single two days)
So when everyone and their grandma is turning BTC into randoom sh*t coins because altcoins are booming "whales" will take some crazy profits allready
But before you even realized it is happening as you bought the local top and your BTC amount ratio is dropping
You might sell back in fomo scared of further total previous BTC amount dropping

Well thats where thoose whales with allready huge 100-400% profits will jump back into water and buy back their positions and possibly add up from the profits and start to speed up the things.

Point where things starts to be really interesting as traders goes on the edge and are way more aggresive and emotional (literally less concentrated) and thats what the market wants.

So what I would love to tell you is:

TRY NOT TO BE EMOTIONAL TRADER !
BE AHEAD OF THE HERD !
STUDY - READ - LEARN - GO FORWARD

ADAPT THE LEARNING SKILLS OF DATA READING
IMPROOVE THAT SKILL AS MUCH AS POSSIBLE

DO NOT BE SCARED TO FAIL OR LOOSE !!

You dont need to be a whale to swim in the sea and survive and grow ! Just be a dolphin smart enought to know how to read their waves swings and be ahead of them and let them push your profits up

Just dont be scared, emotional, aggresive fish which is just literally barking in the chat all day trolling, charting sh*t lines withou reasons and not really even trading and if yes then mostly buying resistance and selling supports

If you´re one of these people and you readed that bullsh*t up to there. Congratulation once you will understand what I was trying to tell you in that "charted" message you will be so ahead of many people on the market.

If you enjoy my opinions, charts and shared work
I would really appriciate a thumb up (like) button hitting

even comment/ your opinion is highly appriciated ( Yes negative too ! I know I am wrong & rekt allready I hear it for past 4 years almost daily hah)

I´m not here to get a fame, followers, likes, troll people, push you my opinions or force you trade setups
I´m here because I really like trading, charting and reading of everything including data a TAs and working with TV daily

What I do is sharing part of my personall opinions and trading ideas with you in time when I watch charts and "nothing is happening" and I want to use my time in effective way.
I would love to help people to understand the market easier and make trading setups on their own without the need of others. Thats where I appriciate every like or reputation gains because it is feedback for me that my work is worth the time trying to send the help message to others.

Never trade based on my ideas or ideas of others !
Always DYOR (Do Your Own Research) try to understand the trend, Make your TA and plan and aftert that just confirm your view and compare ideas of others to be more confident if you want.

Wish you all awesome rest of the day/night whatever as we are up 24/7/365 with our favourite Cryptobags ha-ha


Yo and sorry for the mistakes in the text and my poor grammer english :(
Time is forcing me towards next trades

Cheers

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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Feb 17
Comment: Hello guys. Here is the update and it played out exactly as expected ! When everyone and their grandma + taxi drivers were bying altcoins .. Whales took profit and reversed the BTC.D market
Feb 17
Comment: Altcoins panic sellers in action today ! This is the moment I waited for. I think its good to start buy altcoins again
Feb 17
Comment: Its looks like the retest of breakdown just happend on 1h
Feb 17
Comment: My statement: Altcoins ready to start pumping again and BTC.D to keep dropping from here
Feb 17
Comment:

Comments

Yeahh... its correct & expected
Reply
@czmsc, Thanks. And expected only by thoose using brain, reading charts properly and beeing here for some time to know how whales makes the waves
Reply
awesome sir
Reply
@DAT34, Thanks !
Reply
How price of BTC will react to drop under 62.9% in your opinion?
Reply
@Koyvu, In my opinion It will behave as it has done so far - slow growth until mid-March or early April. Then we can expect BTC dominance trend reversal due to halving event.
Reply
@Koyvu, Bitcoin USD price can keep growing at the same time when it will be loosing its crypto market dominance sir.
Reply
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