OTHERS.D trade ideas
Bottom formation based on the comparison of Others.d and total3.If this chart is accurate, we could be at the bottom of the crypto alt season. Here's why I believe this may happen: Total central bank liquidity is increasing, even though the Fed is not currently printing money, and the Federal Reserve's balance sheet has been shrinking since last year. However, the continuously decreasing CPI in the U.S. and the expectation of interest rate cuts may help inject liquidity into the crypto market.
ALTDOM 9 months of resistance broken out with huge volume. you know what happen next altseason the way
It Is The Altcoins Turn | Boom Alts, Bust BTCWe looked at the Bitcoin Dominance Chart (BTC.D) as well as XBTUSD, both charts are showing signals of a peak being reached, which means that a retrace/correction should be taking place now.
In a bullish cycle, when Bitcoin takes a pause to breathe, retrace, and correct, the altcoins do not follow, they simply build up and start to pay.
IT IS THE ALTCOINS TURN!
Bitcoin is just an extra for us, we trade altcoins but why?
Why do we trade mainly altcoins?
Bitcoin is really big and big means more money to move, harder to make the big swings that we so much love, so we focus our energy, attention, and money on the altcoins, as they can produce bigger gains more profits than any other instrument available for trading all across the world.
Looking at the chart for OTHERS.D, it is pretty easy to see what I mean.
We have increasing volume for the bulls and a reversal signal as soon as EMA100 (in purple) hit.
There can be another small drop to test MA200 and then the altcoins will grow just as we predict...
I am not saying what will happen, just sharing what I see by looking at my screen.
It is the altcoins turn, there are hundreds of charts telling us this... Will you take advantage of this opportunity or will you continue to believe that the cryptocurrency markets will continue dropping forever and there won't be any more profits for those of us who trade and win.
Just writing... You just wait and see.
Regardless of what happens... BITCOIN & CRYPTOCURRENCY, IN THE END, WILL DEFINITELY WIN .
Namaste.
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BTC.D | Bitcoin Peaked? Prices Are Likely To Move Lower
XBTUSD | Bitcoin Will Now Move Down To $7638 At The Least... READ FIRST
