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
●Other.D showing the bullish divergence on the Daily Timeframe.
●If this divergence played out then we might see another Rally for Altcoins
●Once the Btc.D reached the HTF targets and Btc started to consolidate that's when Altcoins will Rally..
●Note: ETF Date is coming 10th January
The Bitcoin chart gets a lot of attention, but I wanted to look at (others)% dominance, especially since it's not just Bitcoin that is running the market anymore. Altcoins have had bigger and bigger impacts throughout the cycles, and I'd wanted to see what the patterns in the overall altcoin market would say about the recent cycles' similarities, I must say I was...
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...
ALTCOIN Dominance VS BITCOIN/USD.
- Showing synergies between 2019 - 2020 BTC/USD CYCLE.
*Identifying the relief rally - followed by a 70% correction.
This chart shows how Altcoin dominance performed..
During the relief rally Peak - Followed by the 70% correction.
liquidity transferring from the King currency by MARKET CAP (BITCOIN) to smaller
Altcoins
-...
- 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...
Here's what the dominance of other coins in the cryptocurrency market looks like, and how can we now see a price increase for another coin in the coming hours?
A comparison of the position of the chart when Bitcoin rises in 2021 and the extent of the impact of the acquisition on the market when it falls after the rise to the same current price areas of 43k.
While thinking, I received an alert notification from Trading View with news that intersects with the current thinking
News About at tradingview
and it is...
as we can see the pattern is reversed H&S, which is mean we will be bullish on others dominance for almost next couple months. and the latest update of BTC on my profile i just mentioned we can see 40-42k just as touch. so after breaking the resistance 38500 for BTC the others dominance will blow up.
Be Happy Like a Hippey
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
