Analysis of OTHERSBTC:
✅ What is OTHERSBTC?
It is the performance of alternative currencies against Bitcoin.
🎯 Why do traders use it?
OTHERSBTC is considered a powerful tool to know:
1) The strength of alternative currency (Altcoins) movements against Bitcoin.
If OTHERSBTC rises → small currencies are stronger than BTC.
2) "Altseason" periods
When OTHERSBTC rises sharply → it means liquidity is entering alternative currencies.
3) Is Bitcoin swallowing the market or the other way around?
– BTC rising with OTHERSBTC falling → liquidity is exiting alternative currencies.
– Both rising → a strong bullish cycle for the entire market.
📈 What do you think of the attached chart?
I believe the answer is clear and it is a descending accumulation trend
for a long time.
📍Note /
Entering into currencies based on the status of the currency as technical analysis and movement structure ... and the OTHERSBTC indicator is for reference only and does not mean entry, but indicates that the market is going through a long accumulation phase, and it is known that accumulation occurs at historical lows and demand areas.