- So you have BTC.D, ETH.D and you have also " The Others".
- There's plenty of other fish in the ocean.
- This is just a Fibo analysis but a bit advanced chart.
- Make your own diligences and learn about fibonacci trading strategy.
- All Fibos retracements and extensions are annotated in the chart.
To keep it basic like always :
- the most interesting thing to...
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
Now we have the Total. D which looks solid as well and it has almost the same pattern of the eth btc pair
We have a harmonic pattern and at the verge of breaking out
We have two targets on green color
All the best insha Allah!
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...
On this time frame Others.D retraced to an important support level.
This forecast is a "long-term" prediction, ALTs accumulation period
If this chart starts to reverse this month, according to "plan"
We can anticipate the beginning of the big-alts-bull-market >FEB 2024
OTHER.D reached the weekly FVG which was mentioned before..if Weekly FVG acted as support then upside targets are mentioned in previous analysis but if rejection took place then Altcoins will bleed from here
Altcoin dominance reaches the target of a monthly head and shoulders, bounces off a years trendline, and breaks out of a falling wedge.
Might be a massive pump.
Amateur opinion and not financial advice
For now we have FVG at 11.18% and if weekly candles closes above 11.30% then next target will be 12.26% which means Altcoins will have a huge pump.
*10.38% level should act as support to make this analysis valid.
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 of other altcoins is suffering in an important range and is located exactly below its medium-term downward trend line and 10% resistance.
Breaking the downward trend line and 10% resistance will lead to growth up to the levels of 11.6 and 12.3, which will lead to significant growth of altcoins.
The upcoming support of Dominance Altcoins is 9.55 and 9.2.
This might be the most important TA I did for this year.
I firmly believe that altcoins have been consistently undervalued in comparison to BINANCE:BTCUSDT and $BINANCE:ETHUSDT. As evidenced by the recent data from early June, altcoin dominance plummeted to ~8%, finding support at the bottom of a falling wedge pattern. At that time, I identified it as an...