In the crypto market, cryptocurrencies like Bitcoin, Ethereum, and many others have revolutionized the way we think about money and transactions. With decentralized networks and blockchain technology, crypto has the power to disrupt traditional financial systems and provide greater financial inclusivity worldwide. Whether you're a seasoned investor or a curious...
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
.......
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!
Alts dominace bounce back from his support & also forming Falling Wegde on Weekly TF
According to Fixed Range Volume Profile , Dominance is below POC and LAR (Low Area Region)
I m expecting 12 to 13% Dominance Increase
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...
This is the "Others Dominance Index" chart. OTHERS.D
This is a great index and shows the dominance of the Altcoins market minus the TOP10. This can help us illustrate what I've been trying to share with you about Bitcoin, the big Altcoins vs the rest of the Altcoins market.
👉 Bitcoin and the TOP10/20 Altcoins are about to go down.
👉 The rest of the Altcoins...
As you can see on the chart the current level at between 12.2% and 12.6% have acted as a strong ceiling for CRYPTOCAP:OTHERS.D on June 2017 , January 2018 , April 2018 , October 2020 , February 2023 and November 2023 . So obviously that ceiling is a valid candidate for a future strong support level .
On the other hand, OTHERS.D have broken out of...
To delineate the onset of Altseason 2024, I have meticulously scrutinized CRYPTOCAP:OTHERS.D , which offers insights into Dominance distribution, excluding the Top10.
Historically, the level around 12% has proven to be extraordinarily significant. Presently, the "price" rests just below this pivotal level (specifically at 11.93%). However, we have recently...
The analysis here matches the analysis of Bitcoin and Tether, which confirms the falling of the
crypto currency market in a correctional wave, as we mentioned.
●Other.D bullish divergence worked..which made the Altcoins to pump.
●Bullish divergence was spotted earlier and shared by me here..
●Divergence works the best.
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
