📈 Ultra-Bullish Altcoins Market vs Bitcoin

2 mar

This is the "Others Dominance Index" chart. OTHERS.D

This is a great index and shows the dominance of the Altcoins market minus the TOP10. This can help us illustrate what I've been trying to share with you about Bitcoin, the big Altcoins vs the rest of the Altcoins market.

👉 Bitcoin and the TOP10/20 Altcoins are about to go down.
👉 The rest of the Altcoins market is about to grow strong.

You can read the most recent trade ideas on Solana & Polygon in my profile for additional information... Let's get started with this chart.

Others Dominance Long-Term Chart Analysis

➖ The first thing to notice is the current session. It has a long lower wick moving below strong support in the form of EMA10, EMA21 and MA200 but is now back green. These three are the most important moving averages for short and long-term potential gauge. The week closes tomorrow and these levels will be confirmed as support fully supporting a major bullish explosion.

➖ Trading volume is the highest, period, since May 2022.

➖ The RSI is the strongest in years with plenty of room to go higher.

➖ This index has been rising and building up momentum since June 2023. It is now ready for its final bullish explosion. We are talking 500%-1200% growth across hundreds if not thousands of Altcoins.

➖ Marketwide action supports these bullish signals. Notice that Others.D move down between late December 2023 up to this point; while Bitcoin produced it last high. Notice that the index is now poised to produce massive growth while Bitcoin is poised to retrace. This is already happening.

This is a major opportunity and Cryptocurrency traders can benefit by paying attention.
The market moves in cycles... And this is great, it helps us predict what comes next.

Bitcoin went through its cycle, we enjoyed it, we appreciate it but it is time to move on.
What Bitcoin did in 15 months some Altcoins can do in 2 weeks, some within a month, others will do many, many times more. The reasons are obvious, Bitcoin is so big that it can only grow so much, the Altcoins are new, young and small so they have plenty of room avaiable for growth!

Do what's best for you.

If you miss this opportunity, we will have a few more in 2024 and one last one in 2025.
But instead of missing it, let's just enjoy them all.

The market is great.
It will continue to bless those who support it and participate.

The market is great.
If you stay around, it will be pay you many times whatever you invest.

This is not financial advice.

Thanks a lot for your continued support.
It is truly appreciated.

Namaste.