🔻BTC.D ,🔻USDT.D & 💹OTHERS.D (UPDATE)❓❕HEY crypto community, what's going on today ❓❕‼️😉
since Jul 21 ,that I posted last update for BITCOIN dominance , OTHERS dominance and TETHER dominance , as I expected ,these indices has been slightly continuing previous trends !
Also as I told you guys , while the dominance of both BTC and tether decreased But others.d increased and at same time we an wait for more growth for altcoin , and we've seen that bitcoin and altcoins prices has slightly raised recently .
So in my opinion it means that at least a short-time Altcoin-party is still expected , .
when the bitcoin dominance is still significantly bigger than others . ( Usdt.d - Others.d - Eth.d..) BTC.D AND Bitcoin price is determinant for the next possible movement of crypto market !
technical point of view:
-bitcoin dominance(BTC.D) has recently lost a major Pivot zone and treding under POC lines(Power of Control) . so in this case if it not be able to return back soon above this pivot zone immediately . it can easily drop on the lower support line .
- also as I expected for Tether dominance(USDT.D) it has been declining til now, recently ceased at a dynamic support line , so may it has a rejection and can form a H&S pattern that can fall again in this case , but anyway if loses the current support it will easily fall on the lower support zone .
- Also for Others Dominance: as we see its already trading above a major pivot zone , and meanwhile BTC.D and UST.D is decreasing it can continue its uptrend and tests the higher resistance zone just if it be able to maintain the current pivot zone.
conclusion:
According to above chart , if the current scenarios for dominances continue , Whether bitcoin price goes more up or even goes sideway its a good situation to long altcoins. btw in this situation if bitcoin even goes down ,then altcoins can go sideway!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Others
🔻BTC.D DOWN,🔻USDT.D DOWN & 💹OTHERS.D UP ,What will happen❓❕HEY traders, what's going on today ❓❕‼️😉
since previous analysis that I posted for OTHERS dominance ,some interesting events have happened in the crypto market .
🔻📉BTC.D has declined ~ -10% ( from 49%-43%)
🔻📉USDT.D has declined ~ -30% ( from 9.5%-6.5%)
💹📈OTHERS.D has raised ~ +20% ( from 11%-13.5% )
while the dominance of both BTC and tether decreased But others.d increased and at same time we saw that bitcoin and altcoins prices has raised recently , so What it means ?!
in my opinion it means that in the recent weeks while majority of trader expected a green market and increase for bitcoin and altcoins but they mostly put their liquidity to the altcoins market because might expected more growth for altcoins rather than btc when btc.d is down .
If you don't know what's OTHERS.D , Before going any further more you should know the OTHERS.D represent the percentage of total market capitalization of the top-125 cryptocurrencies, excluding BTC and some other top cryptocurrencies. You can see the list of excluded coins on the Total Market Capitalization Dominance chart on the cryptocurrency market page . The excluded coins are displayed along with the OTHERS market chart.
Although the relation between the BTC.D , bitcoin price , altcoin dominace and their prices is a little bit confusing for most of us , but these key point can help us to predict the market !
EXPs :
if BTC price increase and BTC .D increase too ====> Altcoins price decreases.
if BTC price decrease and BTC .D increase ====> Altcoins price Dump and decrease heavy. This is dump phase.
if BTC price go sideway(without up or down) and BTC .D increase ====>Altcoins price don't change and this is accumulation phase.
if BTC price increase and BTC .D decreases (or sideway ) ====> Altcoins price jump or may have a altseason.
if BTC price decrease and BTC .D decreases too ====> Altcoins prices go sideways.
if BTC price go sideway and BTC .D decreases ====> Altcoins prices increase
so now what I expect for crypto market and altcoins?!
As always because of more dominance of Bitcoin ,we start with btc and btc.d ( I also assume that USD.T continues its down trend ),
📈_ thus if btc.d maintains the current support zone and be able to increase by breaking of the descending trendline and then can reach the higher VG zone :
if at same time bitcoin price rises >> so in this case others.d loses the current pivot zone and altcoins price will decrease
if at same time bitcoin price decreases >> so in this case others.d loses the current pivot zone fall to lower support zone and altcoins price will dump
if at same time bitcoin price goes in a sideways >> so in this case others.d maintain the current level and altcoins price will continue an accumulation phase
📉_ But if BTC.D the loses current support and goes down to lower support or may ( continues sideway) :
if at the same time bitcoin price goes more up >> so in this case altcoin dominance can reach the higher resistance zone an forms a H&D pattern and altcoins price will jump
if at the same time bitcoin price goes down >> so in this case others.d then altcoins price will go in a sideway
if at the same time bitcoin price goes sideways >> so in this case then altcoins price will go up
but anyway take it mind according to the USDT.D chart and previous analysis for , the tether dominance may increases in the short-term and the the same time btc.d and others' lose more their current dominances again , so in this case we may have a temporary down before any rising (in the mid-term )!
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Altcoins Growing 2-5x (200-500%)The Altcoins index (OTHERS) is coming out of low and getting ready to grow... Altcoins season?
We see a 100% rise incoming within the next 6-8 weeks.
This fact can push the altcoins 2-5x higher...
We are talking about the Altcoins vs Bitcoin (ALTSBTC) and Altcoins vs Tether (ALTSUSDT) trading pairs.
It will be a nice wave.
Think back to March 2022.
Namaste.
BTC.D OutlookA few days ago, I made another analyse saying BTC.D will go down to 40%; but, that was in case if BTC had intended to go up from 30K. Today, BTC is falling and we can clearly see that BTC.D. can rise until 50% or more.
The green line is our long time resistance.
The blue line is our mid term trendline.
The pink line is our short term trendline.
Bullish on $OTHERS.D and altcoinsHistorically the DSO & RSI combo is a great tool for spotting potential trend reversals.
I find it to be most accurate on the $OTHERS.D chart when looking at the 1W.
I find that:
- When ever the RSI and DSO meet above 80 % the trend seems to turn to the downside. Set the limit at 70 % and you would get a lot more tops.
- When ever the RSI and DSO meet below 20 % the trend seems to turn to the upside. Set the limit at 30 % and you would get a lot more bottoms.
Current situation:
DSO is right now at 1.22 % and the RSI just crossed the 12.85 % level (= 28.73 RSI)
I would not be shocked to see OTHERS.D go to 10-11 %, but then we could see a shift in the trend as explained above.
Let me hear your thoughts, please :)
Altcoin Market - Bullish TransitionUsing Fibonacci Circles the transition to a bullish state can be demonstrated as a change from 2.618 to the next outer fib circle 3.618
We can see a bottom and bounce off the uptrend channel and a continuation to a state that includes a bullflag (in green rectangle)
This is a bullish sign, the middle line of the up channel is the nearest resistance
OTHERS.D and TOTAL market cap bounce in the coming daysIt seems that most assets have hit support and demand zones and will trend up in the coming days. ALTS should fair better than BTC as BTC.d hit range resistance and is heading to test the ichimoku cloud
However I don't believe that market uptrend is sustainable, as the upward move can only be a retest of broken key levels and EMAs
OTHERS.d is in a rising wedge which will break down eventually with the rest of the market.
Others dominance : bearish outlook Hello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
this is an update of my last analysis.
Others dominance shows people inclination to buy large Cap coins like BTC or other smaller cap coins.
the price reached the upper line of the ascending channel and reacted well to the upper line of the channel.
now we see a pullback and the bearish movement of the price can continue.
this means if you want to buy crypto, it is better to buy Bitcoin and if you want to sell crypto, it is better to sell small Cap coins.
MARKET CAP OTHERS DOMINANCEIt will be useful to follow altcoin dominance while following the price movements. Descending wedge is broken and the dominance clings to the support. Its rise to green striped levels will show itself as an increase in altcoin prices.
Altcoin fiyat hareketlerini takip ederken dominance da takip etmek faydalı olacaktır. Altcoin dominance düşen kama kırılmış ve destek üzerinde tutunmuş gözüküyor. Sırası ile yeşil çizgili seviyelere yükselmesi, altcoin fiyatlarında da yükseliş olacak kendini gösterecektir.