We pay so much attention to the opposition between OTHERS and BTC...
But when I opened the weekly chart for OTHERS.D/BTC.D, I didn't find anything remarkable. The RSI curve is in the middle of the range and showed a decline, but without any extremes.
But when I opened OTHERS.D/ETH.D and turned on Reverse RSI (you can also find it on the good old RSI by simply drawing lines by hand), the situation turned out to be much more interesting.
I have a theory for you. The last altcoin dump occurred primarily in ether pairs. And it was associated, among other things, with a cunning capital outflow.
Back in August, the RSI in this pair reached a historic low, never having fallen into the “basement” since 2017.
Now look at the October drop.
This is a bullish divergence. In addition, there is a bullish momentum indicator.
Most likely, we are seeing a very slow flow into altcoins, for which the price of OTHERS was sharply knocked down through ether pairs.
The candle found support on the moving average.
But when I opened the weekly chart for OTHERS.D/BTC.D, I didn't find anything remarkable. The RSI curve is in the middle of the range and showed a decline, but without any extremes.
But when I opened OTHERS.D/ETH.D and turned on Reverse RSI (you can also find it on the good old RSI by simply drawing lines by hand), the situation turned out to be much more interesting.
I have a theory for you. The last altcoin dump occurred primarily in ether pairs. And it was associated, among other things, with a cunning capital outflow.
Back in August, the RSI in this pair reached a historic low, never having fallen into the “basement” since 2017.
Now look at the October drop.
This is a bullish divergence. In addition, there is a bullish momentum indicator.
Most likely, we are seeing a very slow flow into altcoins, for which the price of OTHERS was sharply knocked down through ether pairs.
The candle found support on the moving average.
Nota
AlgoAlpha Thank you for your tool. We are starting to implement it into the process!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.