IMO we top at $750B around August 2024 for the OTHERS marketcap.
165% increase from here.
Don't be too greedy taking profits on your coins.
Be happy with a 2-5x. Don't aim for 10x or more! Not realistic for most big coins IMO.
Next is a 5 wave elliot wave impuls to the upside followed by an ABC correction that does not make a lower low!
If we do i'll update on this idea (ETA: 1 - 2 weeks).
This chart is of the market cap of #Altcoins divided by the marketcap of #Bitcoin.
If this ratio is going UP
Sh@tcoins (to give them their colloqiual name)
are out performing the #1 #Crypto asset.
("there is NO 2nd best.. " M. Saylor)
Risk ON.
Aka Silly season.
If this ratio is going down.
Then S coins are underperforming BTC
Bear market... S coins getting...
The ideal scenario for altcoins is a decrease in RSI and MACD for this week, which could lead to an upward trend toward an all-time high in April/May. CRYPTOCAP:OTHERS #Crypto
I'm seeing the altcoin market going through a correction this April, and it feels like we haven't hit bottom yet. I'm expecting to see some signs of a turnaround by mid-April though, and I'm optimistic about seeing growth next month. May looks like it's going to be pretty volatile, but I'm hopeful for a strong breakout in June. It's shaping up to be an interesting...
Alcoin Market cap is in a good position.
Upcoming halving, Bitcoin bidding to the downside may be finished for now.
I don't expect crazy price surges, but some coins can go crazy.
Good day Traders-investors,
Today im looking at the others chart. This only altcoins lower than top ten and it excludes stable coins. I have provided three different time lines, The one week (Top left) the one month (top right) and the 2 week on the bottom. All of them are looking very bullish and are building to fairly substantial move over the next two...
We cleared the 200d MA
CHECKBACKED
and had a slight correction
looking for another higher low
as we SMASH the key yellow line for GOOD
to confirm #Crypto spring for the many non-believers in this rally!!
:)
#SHIB
#LINK
#LTC
#CULT
#HEX
#PP
#DBI
#NEAR
#FTM
#AVAX
Good to see the Toilet coins are getting a bid
and breaking above the neckline of the inv Head & shoulders
#Crypto has not responded along with other markets ripping
So has some catching up to do!
The increase in total market capitalization volume, excluding the top ten cryptocurrencies, from an average of $27.59 billion over the past 30 days to $86.77 billion within just this week suggests a significant surge in trading activity and liquidity across the broader cryptocurrency market, beyond the largest cryptocurrencies by market capitalization. Overall,...
Hello my dear Cryptocurrency trader, I am up to sharing some current thoughts with you today.
The information I am about to share is based on some deductive reasoning, intuitive conclusions and ideas that appear in my minds eye as I go through many different charts.
It is an idea that I am getting as I browse on a daily basis through the market, going through...
