total crypto market cap 2W β β11.5% this candle to $2.19T
now on the bottom of the channel from 2017
this line marked the 2018 bear low and the 2020 launch
hold it β $4.72T at the line through the 2021 and 2025 tops, then $33.55T
2W close below the channel β setup invalidated
BTC.D 2M β 60.21%
alt season 1.0 β dominance under 45% for months
alt season 2.0 β under 45% for nearly two years
each one lasted longer than the last
white line is my projection for 3.0, not data
first it has to break down from the box
#Altcoins
Did you know that the blue line marked the bottom in almost every cycle for TotalMarketCap?
The bottom is very close or has already been reached.
Higher, much higher.
BTC.D β 61%, back at the top of the box and above its moving average
alt season thesis needs this to roll over
past alt seasons started when dominance broke down hard, 2018 and 2021
target on breakdown β 35%
monthly close above the box β thesis invalidated
#Altcoins
Just take a look at altcoin dominance. It's on the verge of its first ever MACD crossover.
The pattern also looks very similar to the previous one.
Good times ahead friends.
$btc.d
Haha, I hit the very bottom of the channel right on the mark.
Even if it was just a simple error, it feels like a preview of whatβs to come, so I donβt mind it at all.
One of the main setups we've been watching has been $OTHERS.D, Altcoin Dominance.
We've been following the year over year structures and each structure that's led into every Alt Season thus far.
The structure has repeated and it is suggesting that the BOTTOM IS IN, which it has factually been since the signal flash and it is also suggesting that this is a transition into another HIGHLY BULLISH SESSION, which is likely to consist of another alt season.
So as far as we see, bottom is in, and it's about to get really, really bullish for alts and this slower period is nothing but the lead up to this type of movement.
#Altcoins
OTHERS.D β each alt season top higher than the last
12.57% in 2017, 19.48% in 2022
same line projects 28% for the next one
wedge break confirmed on the october monthly, 8.14% holding above it
23.71% first, then 28%
monthly close back inside the wedge β setup invalidated
Zoom out! #OTHERS (aka gainer altcoins) are at a launch pad! π "2025 scam cycle" is behind us! Are you ready for 2027-2029 "send cycle"!!! πͺ Not fa! #Altcoins