This chart is of the market cap of #Altcoins divided by the marketcap of #Bitcoin. If this ratio is going UP Sh@tcoins (to give them their colloqiual name) are out performing the #1 #Crypto asset. ("there is NO 2nd best.. " M. Saylor) Risk ON. Aka Silly season. If this ratio is going down. Then S coins are underperforming BTC Bear market... S coins getting...
does not include financial advice. Is it time for altcoins? we can see the outcome next week! chart nears trend breakout..
Pretty 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 .......
A nice healthy FWB:12K shakeout in #BTC And we see the #ALTS rebounding back strong This is the market saying to Daddy The party is not over yet it's only 10pm I think this Head and shoulders can perform let's watch and see if it does.
Alt dominance formed something that looks a lot like an HSi with a very small right shoulder, which broke above its neckline and successfully re-tested, confirming the pattern and targeting 16.6%. See the white drawn pattern and its white dashed neckline on the chart. The same area of breakout and re-test from the smaller white pattern is forming another...
... for the cycle Bitcoin could be so strong That even though the others index ( aka shitcoins ) still do well from here. Maybe they don't make a new high for this ratio. As this chart shows -- last cycle all the coins outside the top 10 peaked at 1 : 2 bitcoin.d essentially the others.d was around 20% of the entire total market bitcoin was around 40% Eth...
Alt dominance may be repeating its prior pattern, where it wicked up to it's ATH after a series of drops, and then dropped hard before making a new ATH. I still question whether it will actually make a new ATH this time, but imagine it will at least revisit the area of previous ATH. Related idea linked below - a falling wedge breakout that is targeting previous ATH
There's a falling wedge with a failed breakdown on the 3 day chart. That failed breakdown highly increases the likelihood of a successful breakout. RSI has been diverging from price, and that divergence recently strengthened. Bitcoin dominance recently bounced from the top of an expanding wedge and looks like it wants to head down, finally making its new...
Dominance currencies will face a sharp and rapid decline in the coming period, and it will be the last to build a bottom on which to base the rise that follows for a long period. Clarification: Currency Dominance is an indicator that shows the percentage of currencies’ acquisition of liquidity in the crypto market and indicates the rise or fall of currencies as a...
RSI and MACD have been diverging from price. Expecting a correction to at least ~11%
Here's a look at CRYPTOCAP:OTHERS.D or Altcoin Dominance vs. itself, but without CRYPTOCAP:USDT.D and CRYPTOCAP:USDC.D When removing the calculation of stablecoins dominance from the picture, the pattern looks less like a downtrend and more like a potential bottom that may soon reverse. Most are not expecting this with the present rise of ...
Others Dominance 1w Exclude top10 coin in the market. Now Btc dom. is %50. In my opinion its on the top and it will downfall Others dom will be in a up-trend ↗↗↗ Also you should check major altcoin's dominances and alt/btc
There is more than 3 parameters that we're getting into the Alt Season. But we only need 3 OTHERS.D as you see made a positive divergence exactly on 0.618 level of long-term fibo and, Touched the up trend-line for first time and showed pump reaction .The only thing we need is to break the down trend-line . ETH.D had made a rising wedge and its going to dump or...
The support band consists of two indicators: the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA). While Bitcoin recently experienced a weekly close below the 20-week SMA, it has yet to breach the 21-week EMA. Bitcoin's rally may fade as the year progresses, but the timing of a potential fall below the support band remains...
Over the past few months, we have seen an increase in the dominance of altcoins in the cryptocurrency market. This dominance has risen from 9% to 12%, indicating a growing interest in altcoins among investors. During this period, the Trend Probability Indicator (TPI) was bullish, suggesting that this trend was likely to continue. However, since March 7th, the TPI...
Scenario A: - Confirmed Head/Shoulders top, successful re-test and then down to 5.5% - Likely headed much lower after losing the lower trendline of a long-term rising wedge, which has also been successfully re-tested and has continued down - Possible because of two confirmed patterns and re-tests. Scenario B: - Unconfirmed Falling Wedge, which if it breaks...
Looks like we're nearing the projected target for wave 2 of a bullish wave dating back to feb 2017. Should this come into fruition, we can see a potential alt coin reversal on the cards and therefore should allocate capital into alt coins for mid-longterm gains. In the short term, on bitcoin we see a potential wave B rally and then a wave C correction as wave A...
I wanted to give a quick update on the Long-term TPI for BTC, and how I see the altcoin market doing compared to BTC: The TPI has had a relatively high value for a long time I can't foresee the future, but I don't believe that external market factors will allow this to keep going, I do believe we will see a big scare before the next halving of BTC BTC's...