Look at this beautiful chart! Double bottom on small ALTS dominance. Small Altcoins will rocket from here!
I'm an ALTCOIN holder so I'm biased towards an ALT season. Unfortunately, it does look like the BTC dominance will be breaking out of that downtrend starting early 2021. How high could it go? Yes, usually BTC goes up first, follow by ETH, Big caps and then smaller alts. Let's see if it happens like that again.
We've created a double/triple bottom on the small ALTS dominance. In my opinion, small ALTS will start outperforming Bitcoin in the coming weeks, months. WARNING. I am a altcoin bull! I am biased!
Here's my logic During next bull run, Bitcoin can go up 3-4x. Good alts can go up 5-10x. Even if Bitcoin increases faster in price at the beginning of the bull run, alts usually catch up and overtake Bitcoin at the end of the bull run. Considering I want to hold and just wait. I do not want to try to time the best time to switch Bitcoin for alts. Let's say my...
From $7 to $90 in 8 months. That's more than a 10x. Nice!
Market crash comes when yield curve starts rising again. Currently, it's going down. Eventually it'll consolidate and start rising again. That's when you sell My estimate is Sept / Oct 2023.
In DOT COM bubble and Financial crisis, US02Y had peaked and started decreasing when the top occured in markets. When US02Y starts going down, that's when you sell. Markets will not crash much further before bull market.
Markets will crash when employment starts going up. When that happens, Fed Fund rate will start going down. Will we reach 5%? We still have 6-12 months before this happens. A lot can happen during that time. Yield Curve has never been so low! Crash happens when it starts going up.
Blow off top incoming. Then mega crash like DOT COM bubble.
Meltup incoming. Top in Sept 2023 at $85k. Then crash like DOT COM bubble.
From March to August 2020, Apple went up 156% This time, it will go up 76%. 85% from today to $250. Now is the time to buy. Melt-up coming. Make sure to sell in September 2023!
Could we get a reversal soon on the BTC dominance? ALTS could be getting their pump vs BTC soon!
Since 2014, what happened each time the ALTCOIN dominance RSI was so low? It marked a bottom in ALTS every time! The risk / reward ratio of holding ALTS vs BTC is absolutely incredible right now! My money is on ALTS outperforming BTC in the next couple weeks / months.
Everytime we touch the trendline, it marks a bottom in the market. One final capitulation
I'm bullish on AAVE vs BTC. I think we are going up. What about you?
Up from here until Sept 2023. History is just repeating it.
Up from here to create a double top. Then crash horribly.
For DOT COM bubble, when yield inversion reached bottom, the top of the markets were 182 days later. IMO we'll reach bottom in January 2023 and markets will peak 182 days later, in September 2023.