Welcome to this quick trade setup!
First of all, I request you to follow me if you don't yet if you want to leverage the upcoming altcoin season of 2024.
I will be dropping the best 30 trade setups for this bull run. In 2021, I posted 28 altcoins, 18 of which achieved 10x to 30x returns, 5 did 5x to 8x, and a few didn't have a significant run.
You can check my previous charts for the results.
I will be doing that again, so stay with me and share my charts with your crypto friends.
Let's get straight to this chart.
APE is trading right around the bottom as we speak. The all-time low for APE is $1, and it is currently 24% up from there.
Is it a good investment? APE hasn't had a significant run yet. To achieve the previous ATH, it needs to pump almost 2500%+. Is it a good bet? Considering the technical analysis, yes.
I am adding a small bag here and will DCA all the way to $0.80. The target is $15 to $27.
But always DYOR, this is not financial advice.
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Thank you.
#crypto #AltcoinHype
Every halving period (210,000 blocks, ~4y) there is a bull market in which bitcoin price pumps. Now listen carefully: these price pumps are NOT bubbles, but fundamental jumps, structural events, phase changes. You can see it in the realized price, which flattens, until the next jump. Halvings are critically important bitcoin events. S2F model tries to model these jumps as elegant as possible, with only 1 variable and a linear function.
#Altcoin marketcap is about to explode
Each time the Gussain Channel flips green, we have seen an aggressive upside rally in the altcoins.
Last time this happened, the altcoin marketcap went up by 14x.
Even if it replicates only half of the growth from the previous cycle(7x), we are looking at a $4 trillion market cap.
A more conservative target would be a 4x, which would still put us at a $2.5 trillion market cap.
Remember, this is a higher time frame chart, which means there can be a pullback in this rally on intraday, which would be an awesome opportunity to accumulate your favorite altcoins cheap.
Altcoins are now in a bull market,dips are for buying ๐ค