To delineate the onset of Altseason 2024, I have meticulously scrutinized 
OTHERS.D, which offers insights into Dominance distribution, excluding the Top10.
Historically, the level around 12% has proven to be extraordinarily significant. Presently, the "price" rests just below this pivotal level (specifically at 11.93%). However, we have recently witnessed a compelling inverse head and shoulders pattern, followed by a move above 12%. This suggests that the current level may simply be a retest of 12%, potentially heralding the beginning of a journey towards new highs and triggering a substantial Altcoin Season.
I've opted to illustrate this phenomenon using the "Baseline" chart style. However, transitioning to regular candlesticks would further accentuate the significance of the 12% level.
OTHERS.D, which offers insights into Dominance distribution, excluding the Top10. Historically, the level around 12% has proven to be extraordinarily significant. Presently, the "price" rests just below this pivotal level (specifically at 11.93%). However, we have recently witnessed a compelling inverse head and shoulders pattern, followed by a move above 12%. This suggests that the current level may simply be a retest of 12%, potentially heralding the beginning of a journey towards new highs and triggering a substantial Altcoin Season.
I've opted to illustrate this phenomenon using the "Baseline" chart style. However, transitioning to regular candlesticks would further accentuate the significance of the 12% level.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.