The right time to buy #Altcoins might be now, or isn't it?
If you think about the previous cycle, you've seen altcoins running to a 10x, 100x, 200x or even more.
Most of them have been losing 90-99% of the valuation. Does that market come back or is it over? 👇
In determination of the altcoin markets and when to buy or sell, a few important ingredients should be identified.
These are:
- Sentiment.
- Price levels.
- Fundamentals.
In terms of the first one, a few important indicators are leading for a sentiment based approach. The first one is easily tracked through social media.
On social media, you'll see that views on YouTube are down 80-90%, Google searches are severely less and the overall engagement on X have dropped to bear market low levels.
The only people on here are the ones that are still a survivor of the entire bear market, while most are down a lot on their bags.
That tells a lot, as those people have experienced a two-year down only market and are stuck in that mindset. Most often happens in these cycles.
Fundamentals are the second category. Are projects still developing and did something change on that perspective? Well.
The good part is that many fraudulent projects are washed out of the markets, while the good ones are constantly building further. Ethereum has swapped towards PoS and is getting Ethereum ETF's based on futures in maximum a month.
Chainlink has developed CCIP and I'm not even mentioning all the other progress in DeFi, NFT's and more.
The only difference: Price isn't following the narrative. Why is that? Well, combine these two topics and you get your answer. Every rally is getting sold into, as people want to get out of the markets and tend to disbelief the markets have already started in a new bull cycle.
Until the real move happens and people don't get a chance to get in their positions. That's why positioning is super important to do that in an early stage, which is when you start to take a look at price levels.
We're 10 months prior to the Bitcoin halving. The period where sentiment is the lowest and altcoins are usually swimming around their cycle lows. Bitcoin dominance is peaking, and will not peak to that level any more in this cycle.
It happened in 2015, ten months prior to the halving.
It happened in 2019, ten months prior to the halving.
It happens in 2023, ten months prior to the halving.
A clear rejection at the 200-Week MA and EMA and looking to continue the fall, while altcoins are slowly picking up in their BTC pairs as a new cycle starts.
While nobody expects it.
The Market Cap Others Dominance shows a clear bullish divergence and bottom at the same moment. A weekly bullish divergence shows here, one of the strongest indicators in the markets.
It's uptrending since, and it won't be stopping.
Ethereum against Bitcoin is an interesting one. In previous cycles, we've had a bottom 252 days before the Bitcoin halving, and we started to consolidate/run up since.
However, in previous cycles a massive correction took place since the high. In the current cycle, the correction is only 20-30%.
What's the difference? Very easy to tell. It's the swap from PoW to PoS, through which a deflationary system was induced, which is, from an investment perspective, a better approach than 4-5% inflation on a yearly basis (where did we hear this earlier? Oh yes, the Dollar!).
Conclusion: Accumulate your positions. Simply DCA this period. Hold for 2 years and you'll be done.
Good luck & hit like if you enjoyed this post.
@SoBroke123 Yeah I bought BTC at $16k ish sold $30k
Bought again at $27k and sold $30k again
Also bought LTC at $60 and sold around $95~
Also bought XRP at $0.40~ and sold at $0.50 (like an idiot)
Also bought BCH at $200 and sold at $190
That's mostly it
Been a good year overall
$BTC update:
Took longer than anticipated but here we go
This is what I call a sizeable impulse to the middle of the range
Duck personally is waiting for price to visit me at range low
Until then it's a whatever market anyway, those are generally shitty to trade
Brief look at the market
I think it's a toss-up here, both bulls and bears have a shot
Closes sub $29.5k would look bad, BTC needs to maintain ETF momentum
Closes above $33k and we're back in the ATH range with ETF tailwind
I'll let the market figure it out b4 I get involved
Hi, I'm an artist from Ukraine, currently a Polish refugee, searching for a part-time place of living. Right now I don't have a job or enough money for existing and helping my parents to escape the war too, so I'm accepting (emergency) commissions!!!!! PLEASE SHARE AND THANK YOU
Trade idea: LTCUSD GO UP To LEVEL📈: As we can see, on December 7, the price began to fall rapidly. On its way, the price was able to break through the level and reach a new support line, which originates in December 2020. Today, this line will play an… https://t.co/3ThIEkEttE
Trade idea: Chart looking bullish.: RKT is a bit of a weird stock in my opinion. Earnings were positive but didnt see that pop i expected. It has been trading sideways for a while now, and MACD is Closing red looking like the start of an uptrend. RSI and… https://t.co/NdhS9z7pzw
Trade idea: A stab @ Eliot wave count for 2021.: Expect a small retracement (wave 4) followed by further upside in the stock market (wave 5), through 2021. not financial advise , just for fun https://t.co/Ue8k5Uuzpv
Trade idea: HO futures - Elliottwave analysis - 4th subwave correction: HO futues - It is in 4th subwave of 3rd wave up as corrective cycle and expected to go down up to 1.35 level to finish it. Buy within that zone for next up cycle for higher high as… https://t.co/wjn7wLl6Cb
Trade idea: NZDCHF caught in decision spot: NZDCHF currency pair fall into a decision spot. This is is telling us posible trend reverse on H1 timeframe or bullish continuation from daily perspective. If bearish move from H1 trending continuation will… https://t.co/GwkYVQxbzr
Trade idea: BTC - CRUCIAL DAYS: WE CAN SPECT A CORRECTION DOWN TO THE REGRESSION BAND AND 0,382 FIBBO AND NEXT THE BULL MARKET SUPPORT ARROUND 0.5 FIBBO. https://t.co/eMNeALsepo