Quick note: I am slightly bullish, but I need to see more strength in the TPI. As of right now it's only 0.25 on BTC, where 0.2 is the threshold to go bullish. I wouldn't swing long on a lot of trades with a lot of risk as of yet. It is very likely we do go a bit higher, if we see shorts get liquidated:
Others dominance will make a decision soon: 1.) Bearish Head / Shoulders moving significantly lower 2.) Bullish Falling Wedge moving back towards ATH
Others Dom has a confirmed Head/Shoulders with a bearish target of ~5%. However, it could make another attempt to get back above its neckline if we see a double bottom here. That double-bottom would get us back above the right shoulder, causing a failed HS targeting 32%. Either way, change is coming.
#OTHERS Domination is trying to retain massive support. Weekly candle close is nice. If the monthly candle close is also green, our first target will be 14 levels and the preparations for #AltcoinSeason will begin.
Others dominance graph has been working very well since 2019. Red declining line has been confirmed 2 times (2021 summer+mid2022). But this time, after the ftx issue, it seems to be broken down. After a possible confirmation, it's likely to go down to the possible return point of 7.66%. Additionally, it seems that we have a HS pattern formed (but not confirmed...
OTHERS.D rose from a solid 1% in 2016 to 12% in 2022, while ETH.D only rose from 8% to 19% and BTC.D declined from 96% to 41%. Therefore, we can clearly see the imminent growth potential of OTHERS.D vs ETH.D & BTC.D.
It is a possible long-term scenario for Altcoins. As we know, Crypto is made to enhance decentralization. Concerning the fact that when Bitcoin retraces, almost 99% of Altcoins follow it does not confirm its goals. Many of the Cryptos had completely different plans when Bitcoin started its winter. Unfortunately, some of them went bankrupt, some struggling, some...
As the crypto hype ramps up in the rest of the decade the market share of newer projects increases.
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 ...
This is Others.D which illistrates Altcoins without Ethereum dominance in the market. This is the weekly candle chart. Let's start from bottom of the chart. 1. The Stochastic RSI has been out of oversold since the 20th June 2022, it looks like it is curling back down which would gain BTC back some dominance. 2. PCT Rank Top Bottom is light coloured green...
USDT.D has finally broken the bearish pattern after got rejected from upper 9% zone. Expect fall of BTC and especially ALTS.
Others.D is reaching a very strong resistance. Expect to return to the 11% zone for most likely lower.
A 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.
Observe the above 10D chart. 1) Four whole red candles printed outside the lower bollinger band. Never has that once happened in this chart. Remember, the majority of times candles print inside the bands and when they do outside, they sharply correct. 2) Counting wicks, the index has corrected almost 45% from its recent top and is currently testing a previous...
I still believe that BTC dominance will be strongly rejected from this 47% area as it did already a few times before, especially that Others.D paved its future floor at around 11.50% which is very critical for it and is the top of recent growths. BTC dominance target is the star at around 40%.
USDT.D has made a descending pattern and cannot already tolerate above 6% range. Falls' phases expected by: 1st: 5.90% -- 2nd: 5.30% -- 3rd: 4.20%
Hey Sup GUY! today I'm gonna analyze others dominance (OTHERS.D) , which also known as the Dominance index of altcoins . so lets get started! My the past analysis was exactly before when some altcoins went parabolic and to moon . but since beginning of this year ( Jan 2022) the market of altcoins turn red and bloody once again, so now the question is after...
others dominance reached the TR lowest level and think its time for a long position in short term for valuable coins and tokens