The 3 Doges analyzes Bitcoin dominance and altcoin charts

0:05hey guys we're live in the crypto coin show studio once again for another episode of three doges I'm Ashton at crypto coin show on Twitter at Jessie couch on Twitter at I'm not the wolf on Twitter it's no financial advice but let's take a look at some charts and let's kick it off with a Bitcoin dominance to it wolf you're the most familiar with Bitcoin diamonds cuz

0:28you've been charting it for years now so if you could give your thoughts on what's going on right now so right now looking at the chart you know right behind us we have that green trend line basically it got broken through and for the most part the the it's it's pretty hard to chart Bitcoin dominance just because the volatility between Kononov coins fluctuates so much but the fact

0:50that we've broken down through this trend and we're breaking lower lows on the micros basically confirms that we're in a bearish market for Bitcoin dominance so basically the Damas bitcoins going down and that means that all coins are gonna go up so this is actually a pretty strong indication that we're in what's known as all coin season and I think we're gonna be all season

1:17yeah every time we hear and I think whatever you like what two three years but but I think I think we're gonna be pumping just like 2017 again maybe not as strong maybe a little bit weaker but definitely see some thousand percent gains this is what this line up here it's getting pretty obvious that it broke through there you could even angle that green line a bit lower and it was

1:39still broken through mm-hmm yeah well it seems right now like a lot of the altcoins are all moving up together now there was quite a few all coins and for the people that were actually paying attention that pumped early or you know you had to get either the best ones to go yeah well one of those ones was silica right a quality coin that's what this is a look has a

1:59very quality coin it they they had such a small market cap when they started working on sharding and proof of steak scaling they're one of the first projects to do so and I think it just did a 2 to 3 X for it for us well it's more I don't know if it's done or not well just made that pump so yes one of them that pumped early well one thing that you brought up

2:27earlier was a potential to cup and handle forming now it would be a pretty ugly cup in handle but one of the biggest things with the cup and handle pattern that's really important is the volume so the fact that when that you can see that there's a peak why I guess you can't really see it and on the chart behind us but there's a peak of the volume on the left where the cup would

2:46be and then as it bowls down the volume sort of diminishes over a little bit of time and as it pumps up where it just did it the volume spiked up again and then it's starting to diminish down and they could be forming a handle now if it does form that handle and sort of consolidate towards this range you can expect that what the four hundred percent that we pumped initially

3:08basically should just do a repeat from the very top of her last peak so you know you can see this push up even more and so from the bottom like an ABCD yeah continuation to the continuation so definitely still looks pretty bullish especially with the fact that all coins and Bitcoin dominance is dropping in all coins you're pumping but right now is just in a consolidation phase it's a bit

3:31more of a saucer does that matter do you think if it's a bit more of a saucer and handle it's a wide cup because it you can Doris now it is kind of bumping up against here right now so mm-hmm yeah you it's not it you got to wait a bit longer it's a white now it's more of a but the market cap is much you should have bought here when I was telling you to buy well by the

3:58bottom but there's still a long way to go back to the top and this is a lower market cap coin compared to what we're gonna look at which I think a good market cap is what is the market cap of this one now it is well we don't know offhand but it's way smaller than cordana which we're about to look oh yeah so there's a lot of room for growth there and a lot of real quick before you

4:22before we switch off of the Celica one thing that I do want to highlight for everybody is that this consolidation flat line you see like right around here somewhere if a lot of coins are consolidating this rectangular bottom the bottom of this cup so when you see the any coin break out of that top resistance level that means is just gonna keep launching up

4:46higher so just like we saw and where the other coins xlm and and our chain and everything you know what season I think they call it but that's the the the buy signal you know it's it's its turn to pump it's his turn to yeah yeah well you know whose turn it was to pump as well was card on oh and there you might see the consolidation right there and you

5:08can see yeah there was a consolidation for three hundred thirty three days ago you had a year yeah yeah here and then we just pumped you know it just did a three hundred percent gain you know it was way higher market captain than it is right now probably still another five hundred percent and the product there's only better that's what people have to

5:33realize the product has been getting better and the price has been going down car down was one of those projects that has serious intentions you know in a team of really crazy scientists and developers that are working on it obviously with with Charles Hoskinson heading that up and you know my recent interview with him everything he's saying super mathematics is over my head

5:52but it really does sound like they've created a strong foundation for scalability and dat platform so it could be a theory 'm 3.0 well our chain all right guys let's jump to last coin have you guys heard about the lunch yes I saw you tweeting about it what is it's another one I had to add cuz there's

6:20more and more projects keep coming out so I had to a data or Abba axe that call it now watch my talk for pics now for mathematical like like legit like this is the smartest kind of projects in space yeah yeah well there's definitely mathematics behind card on oh and behind our chain and with the rolling programming language so we'll definitely look into that one next video but right

6:43now it's jump in last coin which is many people's favorites maybe not of the panel here but Tron Tron Justin Sun and TRX you know it's been consolidating as well for a year it has the potential going back in time just one this one's just fell off fallen off the map if it retraces back to the 2019 you know beginning of 2019 that's a four hundred return but it also could go into

7:11the depths of zero but Justin Sun seems to be a pro Schiller slash marketer at at this game so you'd think he'd want this project to succeed yeah I mean he's definitely very good at making announcements of announcements for an announcement coming out but uh but hasn't reflected in the last year yeah yeah I hope he's whole he's saving his announcement for the awkward spring

7:37that's coming up but uh but yeah I mean it's got a huge platform he's got you know two two million followers on Twitter I don't know how many of them are real I'm sure there's quite a lot of Olivia so well he clearly paid for that vote that poll about you know what what was oh yeah he definitely Syria or Tron and like hearing was winning and then like in the last hour there was

7:59like fifty thousand votes towards Tron and of winning right yeah it seemed a little bit off yeah he definitely definitely cheated he ran to that one but I mean everything is just insane oh yeah you know it's could be three point oh who knows they basically cloned and start adding in improvements here and there he's done a lot of strategic you know if you like

8:23him it's it's solid right there they're going for they're going for a platform play and I think that they definitely have a better chance than some other projects at becoming the next etherium except for a theory and perhaps the biggest chance cerium is the next etherium because just wait we're still at the very beginning yeah I think it's it's hard to beat ethereum and obviously

8:47Bitcoin it's like trying to pick a coin that's gonna you know be the next Bitcoin like I I refuse to even believe that someone's gonna say Tron the standard in the future yes they have a token standard yes that's what I'm really hoping for the industry soon yeah I know aetherium has a lot more blockchain interoperability than Tron although Tron does have a nice ecosystem with the

9:15expansion into BitTorrent potentially and now the owning Polonia acts and then just doing his recent token sale of the jst Justin token I'm not sure how that's going on as part of his defy protocols she's skating Justin stoked I might take that one over Tron yeah no it was done well the ones called Justin the others cultural alright guys that's all the charts that

9:42we have for today smash the like button subscribe to the crypto coin show on YouTube follow at crippled coin show on Twitter follow at Jessie couch on Twitter follow I'm not the wolf on Twitter this is three doges and we'll see you guys next episode