This is in continuation of analysis that a posted a while ago, regarding Pre-Halving Alt Season. Add link to that post in description.
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The top chart is TOTAL 2, (Market Cap of all the Alts), Bottom chart is for BTC.D.
I have made a comparison and measurement of what happened to TOTAL2 when BTC.D hit the top trendline.
Things to notice each time BTC.D hits the trendline, there is lesser space for it to move down, hence lesser space for TOTAL2 to move up, it is evident from the % move in TOTAL2 Market cap,
First time BTC.D hit the descending trendline, TOTAL 2 exploded approx. 9000% by the time BTC.D hit the bottom trendline, 2nd time TOTAL2 Exploded 900% approx. , 3rd time which is now TOTAL2 is expected to explode 90%.
I have also measured the time it took for TOTAL2 To reach Peak during previous taps,
The first time it took 294 days, the 2nd time it took 175 days, using this trend we can anticipate Alts to be at their peak in the next 80 to 120 days i.e. During Feb end and March 2024 time frame.
This also falls in line with BTC cycles where, BTC and alts take a big dive down before Halving which is expected to take place sometime in April May 2024.
Also, apart from the evident rejection of BTC.D from the trendline we have Weekly Bear Divs on RSI, which were not present last time when BTC.D tapped the trendline, adds more weight to BTC.D breaking down from here.
What does all this mean in grand scheme of things
If we look at the chart of BTC.D, there is not much space left for BTC.D to move down and it will eventually break out of the pattern possibly with Bull divs on weekly, it will take time, months or a year, but after a consolidation at the lows it will move up. There is a possibility it can explode to the upside with no cap present, it can present danger to Alts run next Bull cycle which is expected to start post halving into 2025 End.
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The top chart is TOTAL 2, (Market Cap of all the Alts), Bottom chart is for BTC.D.
I have made a comparison and measurement of what happened to TOTAL2 when BTC.D hit the top trendline.
Things to notice each time BTC.D hits the trendline, there is lesser space for it to move down, hence lesser space for TOTAL2 to move up, it is evident from the % move in TOTAL2 Market cap,
First time BTC.D hit the descending trendline, TOTAL 2 exploded approx. 9000% by the time BTC.D hit the bottom trendline, 2nd time TOTAL2 Exploded 900% approx. , 3rd time which is now TOTAL2 is expected to explode 90%.
I have also measured the time it took for TOTAL2 To reach Peak during previous taps,
The first time it took 294 days, the 2nd time it took 175 days, using this trend we can anticipate Alts to be at their peak in the next 80 to 120 days i.e. During Feb end and March 2024 time frame.
This also falls in line with BTC cycles where, BTC and alts take a big dive down before Halving which is expected to take place sometime in April May 2024.
Also, apart from the evident rejection of BTC.D from the trendline we have Weekly Bear Divs on RSI, which were not present last time when BTC.D tapped the trendline, adds more weight to BTC.D breaking down from here.
What does all this mean in grand scheme of things
If we look at the chart of BTC.D, there is not much space left for BTC.D to move down and it will eventually break out of the pattern possibly with Bull divs on weekly, it will take time, months or a year, but after a consolidation at the lows it will move up. There is a possibility it can explode to the upside with no cap present, it can present danger to Alts run next Bull cycle which is expected to start post halving into 2025 End.
