nagihatoum
Short

Total2 BTC ratio, is it Alts season?

The short answer is not really.

Total2 , the total crypto cap excluding BTC if divided by the price of BTC can be an indicator for Alts season. Alts season means a period when Alts outperform BTC indicated by a positive slope of the Total2 to BTC ratio.

Certainly we are now in a mini cycle where Alts are outperforming BTC . But compared to other Alts seasons, The slope of the Total2/BTC is shallower and has reached resistance. If we take previous action as an indicator, there is a small period of shallow positive slope followed by a drop .

The ratio seems to be heading to the target of the ascending channel breakout. The RSI confirms downward continuation of the trend with a hidden bearish divergence. Real bearish divergence confirmed the peak of the ratio.

Alts will suffer compared to BTC until early 2021. It is my theory that an Alts coin culling will happen by early next year 2021, where 99% of the Alts will perish. The surviving Alts will vastly outperform BTC afterward.

Comments

lol ..the thing I like about tradingview is any moron can post any shitty analysis
+2 Reply
nagihatoum MikeKwame
@MikeKwame, the bigger morons post nothing and speak big.
+1 Reply
Run away from trader, who tells he knows where market goes.
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nagihatoum KirillPolovnikov
@KirillPolovnikov, You are ignorant of technical analysis. Try to make one analysis that are not spectacular failures like your two ideas and then comeback to me.
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No No NOOO I WILL NOG SELL. NO NO NO!
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ahahahaha))) ;-$))
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lol
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As long as ALTS brings profit to people even more that BTC, they will never "perish".
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nagihatoum anditfeels
@anditfeels, speculators don't sustain assets, to the contrary, they will short at the slightest weakness. Google IOTA, it perished today.
+2 Reply
anditfeels nagihatoum
@nagihatoum, what's wrong with IOTA exacatly? As I see it's fine and still tradable, very tradable.
Reply
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