DOES THE BEAST WAKE? we'll find out soon.
hi Guys, expect this will bounce on weekly chart if it happen let's party with ALT
Significative level for the alts. Resistance 2016 and multiyear support.
I expect strong pumps for many coins in the next few days WATCH MY PREVIOUS RELATED IDEAS BELOW
Just watching the dominance charts on 'shitcoins' A large wedge pattern has formed as altcoin dominance repeatedly tests the 5-6% level This coincides with high in 2016, followed by a cupping action and the massive altcoin explosion in 2017. Are we retesting the previous resistance as the new support level? Here we see a huge RSI divergence forming - could this...
Altcoin index has been trending down for over 2 years and has just touched a support level.
Blue quote - altcoin dominance, ( main chart ) Orange quote - bitcoin dominance. Stochastic relate to the quotation of Altcoin dominance. As you can see - technically these quotes is going to go in opposite directions to each other, which will mark the beginning of ALT-SEASON. You can see a similar analysis technique below, with which I've identified the bottom...
BTC.D Chart is currently demonstrating a flat top. With 4 touches of the same resistance. OTHERS.D has made 4 higher lows that coincide with the same 4 local tops on BTC.D This leads me to conclude that Bitcoin Dominance could be weakening.
I thought it would be interesting to compare what performed better in general during the BULL market of 2017 and the BEAR market of 2018. To see if it can give us any lessons to be learned on what to favour if your going long. Observation: During the BULL Market, the ALTs lost significantly in terms of value against BTC. During the BEAR Market, the ALTs gains...
Once we break this trendline, we could see a nice altseason. I recommend you to watch out the RSI too. The trend should not be broken.
OTHERS.D -Altcoins dominance which are not in TOP15 is sitting in the global support trendline and below this trendline we have a huge 200ma support + support from ichimoku cloud. Those supports are extremly BIG because we are talking about MONTHLY timeframe. At this point,can be a good reversal for altcoins vs BTC
Altcoins Dominance Analysis Last 6 Weeks Were Not Good For Altcoins because Of BTC Dominance At Peak.. June & July Will Be Good For Altcoins If Dominace Holds the 200EMA.. so keep Your Eyes On 200EMA Line BTC Dominance Chart Thanks For Your Time..
Looks like altcoin dominance will hit lowest point this month of May, full escape maybe in Nov.